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CCRIF makes donation to Jamaica following Hurricane Sandy damage
KINGSTON, Jamaica, CMC – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) says it is providing US$100,000 to Jamaica to support the island’s post-disaster recovery and restoration initiatives following the effects of Hurricane Sandy in October 2012. In a statement, the CCRIF, which is a not-for-profit risk pooling facility, owned, operated by Caribbean governments, said Jamaica’s hurricane policy with CCRIF did…
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Court stays Clico judgment
PORT OF SPAIN, Trinidad – The Court of Appeal yesterday granted a stay stopping the decision of a High Court judgment which ordered that almost 250 Clico policyholders be repaid their full investments in the failed insurance giant. The stay was granted by Appeal Court judge Alice Yorke Soo Hon during a chamber court hearing at the Hall of Justice,…
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Legislators to debate estimates of expenditure and revenue next week
CASTRIES, St. Lucia, CMC – The St. Lucia government will present the estimates of revenue and expenditure to Parliament next week. A government statement said that the presentation will follow the ceremonial opening of Parliament on April 24 when Governor General Dame Pearlette Louisy will deliver the traditional Throne speech outlining the government’s programmes for the 12 months. The estimates…
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Government to outline solutions to have Russian-owned bauxite plants re-opened
KINGSTON, Jamaica, CMC – The Jamaica government is to outline a solution that it hopes will facilitate the re-opening of the Russian owned ALPART and Kirkvine bauxite plants here. Science, Technology, Energy and Mining Minister Phillip Paulwell will outline the solution when he make his contribution to the 2013/14 Sectoral Debate. The government has been engaged in months of intense…
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Government still confident of geothermal project
ROSEAU, Dominica, CMC – The Dominica government Monday said it would continue discussions with the European Union and other stakeholders amid reports that a French company Electricite de France (EdF) was withdrawing from the geothermal project here. In a statement, the Roosevelt Skerrit government said that over the past six months, it has made “significant progress on the terms of…
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Reshuffle on the cards – Foreign affairs, national security among those ministries targeted
KINGSTON, Jamaica – There were heightened discussions in government circles yesterday that a Cabinet reshuffle could coincide with the upcoming Budget Debate. Dr Peter Phillips, the finance minister who succeeded in eking out a long-awaited deal to be signed later this month with the International Monetary Fund (IMF), appears to be the big winner in the impending Cabinet shake-up. Well-placed…
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What economic growth?
KINGSTON, Jamaica – The Government is correctly preoccupied with what it calls “the growth agenda”, and has been telling the country that there will be growth in the immediate future. This is not likely, and there is no gain in talking optimistically about the imminence of economic growth. That kind of talk must be reserved for assuaging speculation, as would…
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Sink, swim or fly?
BRIDGETOWN, Barbados – gainst the backdrop of less than favourable reports coming out of the Central Bank of Barbados last week on the performance of Barbados’ economy and with the ensuing comments from the business leaders, some are questioning whether our approach to riding out the recession has been right all along. Traditional industries are crying out for more stimulus…
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Government threatens to pull AirJamaica brand from CAL
KINGSTON, Jamaica – The Jamaica Government is threatening to withdraw the Air Jamaica brand from the Trinidad-based Caribbean Airlines (CAL) following reports that the carrier would be reducing the number of daily flights to Jamaica. Last week, CAL Communications Manager Clint Williams confirmed media reports that the airline would be cutting back on the number of flights to Jamaica, effective…
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