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Former academic and legislator dies
PORT OF SPAIN, Trinidad, CMC – Former academic and legislator, Professor John Spence has died. He was 83. Relatives said that he died of a heart attack late Wednesday. Spence was a Professor of Botany and also Dean of the Faculty of Agriculture at the St. Augustine campus of the University of the West Indies (UWI) and served as an…
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Moody’s downgrades foreign currency credit rating
KINGSTON, Jamaica, CMC – The United States-based rating agency, Moody’s Investor Services has cut Jamaica's sovereign foreign currency credit rating to Caa3 from B3, citing the recent domestic debt exchange as a distressed event that still leaves the country with a high debt burden. Last month, Jamaica launched a National Debt Exchange (NDX) to alleviate the financing pressures of its…
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Kamla in Caracas to attend funeral today
PORT OF SPAIN, Trinidad – Prime Minister Kamla Persad-Bissessar will be in Venezuela today to attend the funeral of president Hugo Chavez. Persad-Bissessar left Trinidad at 4.30 p.m. yesterday for Caracas and is scheduled to return home later today. Chavez's funeral is scheduled to take place at 10 a.m. today.
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PM heads delegation to Chávez’s funeral today
KINGSTON, Jamaica – Prime Minister Portia Simpson Miller is heading a high-level team of Jamaicans who will travel to Caracas, Venezuela, today to attend the funeral for that nation's late president, Hugo Chávez. Energy Minister Phillip Paulwell and Foreign Affairs Minister A.J. Nicholson are accompanying the prime minister. Also joining the delegation are Senator Angela Brown Burke, mayor of Kingston…
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Uncertainty about PetroCaribe after Chavez
PORT OF SPAIN, Trinidad – With the death of Venezuelan President Hugo Chavez 17 Caribbean countries face a heightened period of economic uncertainty, Sir Ronald Sanders, a business executive and former Caribbean diplomat, said in an opinion piece published yesterday. He said these countries have become highly reliant on their oil supplies from Venezuela via PetroCaribe, a part payment-part loan…
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Court hears of people killed and tortured under Duvalier rule
PORT AU PRINCE, Haiti, CMC – Two men, who were imprisoned during the reign of dictator Jean Claude “Baby Doc” Duvalier, have testified that many people had been tortured and killed while in prison. Agronomist Alix Fils-Aime told the court hearing evidence as to whether or not Duvalier, who made an unexpected return to the French Caribbean Community (CARICOM) country…
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Caribbean targets 47% renewables by 2027
KINGSTON, Jamaica – CARIBBEAN Community (Caricom) energy ministers have approved an initial target of 47 per cent renewable energy contribution to total electricity generation in the region by 2027. The ministers approved the target last week in Port of Spain, Trinidad & Tobago, at the special meeting of the Council for Trade and Economic Development (COTED) on Energy. They also…
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