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Bahamasair continues to lose money
KINGSTON, Jamaica – The national airline, Bahamasair, recorded a loss of US$11.7 million last year compared with US$9.8 million in 2011, Deputy Prime Minister and Minister of Works and Urban Development, Philip Davis, has announced. He said that for the period July-December 2012, the airlines revenue amounted to US$37.4 million, while expenses totalled US$49.1 million. The increase in net loss…
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Knight: JLP did not endorse Ja-Chávez ties
KINGSTON, Jamaica – DESCRIBING PRAISES being heaped on deceased Venezuelan president Hugo Chávez as Damascus-like, Government Senator K.D. Knight, last Friday, chided members of the Opposition who spoke in the Senate during a tribute to the fallen solider. Knight argued that the Jamaica Labour Party (JLP), which now forms the Opposition, had never endorsed Jamaica's relationship with Chávez. The JLP…
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Opposition leader says PM mismanaged economy
KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace has accused Prime Minister Dr. Ralph Gonsalves of bringing the Vincentian economy to its worst state since the country gained independence in 1979. In an address to the New York chapter of the New Democratic Party (NDP), on Saturday, Eustace accused the current administration of mismanaging the economy. “Let him (Gonsalves)…
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Max says farewell to troops
PORT OF SPAIN, Trinidad – GEORGE Maxwell Richards completed his decade-long tour of duty as the country's Commander-in-Chief with a final walk in front of his troops in a public ceremony held around the Queen's Park Savannah in Port of Spain yesterday. Richards, 81, a former principal of the University of the West Indies, St Augustine campus, became the country's…
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St. Lucia company secures grant for regional projects
CASTRIES, St. Lucia CMC – A St. Lucia owned company Cellestial has been awarded an EC$1.3 million (US$500,000) grant to pursue innovative projects in the region. The company was selected from among thousands of applicants that were shortlisted to 7 finalists and then finally to winner status following months of investigation, heavy competition and deliberation. Regional Communications Ltd., Cellestial’s parent…
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Finance Minister to present budget next Monday
GEORGETOWN, Guyana, CMC – Finance Minister Dr. Ashni Singh will on Monday March 25 present the national budget to the National Assembly. Singh said that the focus of the Donald Ramotar government will be to continue with the acceleration of economic growth and social development, with emphasis on macroeconomic stability and preserving the conditions that are conducive to attracting investment,…
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We must protect our nations
KINGSTON, Jamaica – HAS anybody noticed how unelected bodies like the International Monetary Fund, the European Union, the United Nations, World Bank and others are encroaching on the Legislative Agenda of some nations of the world? These organisations are able to determine what legislations are established, by tying their support, grants and loans to us, passing certain laws whether we…
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Major credit rating agency says Grenada default has negative implications for ECCU
NEW YORK, CMC – A major international credit rating agency says the liquidity crisis leading to Grenada’ default on its US and Eastern Caribbean (EC) dollar bonds is “credit negative” for the country and elevates the risk of distress spilling over to member countries in the Eastern Caribbean Currency Union (ECCU). The newly-elected Dr. Keith Mitchell administration in Grenada said…
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