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  • January 16, 2013
    836

    New ball for the Windies?

    BRIDGETOWN, Barbados – In 2005, West Indies cricket took an exciting turn with the launch of the Stanford 20/20 tournament, and later the Stanford Super Series. These competitions injected new life into the standing of the game throughout the region, with its big entertainment factor and, of course, mind-boggling prize monies. Fears about the future popularity of cricket subsided, as…

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  • January 16, 2013
    806

    Government moves to restrict granting of waivers

    KINGSTON, Jamaica, CMC – The Jamaica government says it will soon move to restrict the discretionary power of the finance minister to grant waivers. Finance and Planning Minister Dr. Peter Phillips says a comprehensive review of the discretionary power of the Minister of Finance to grant waivers has been completed, with a view to improving the efficiency of the tax…

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  • January 16, 2013
    784

    EDITORIAL – Cabinet getting on track

    KINGSTON, Jamaica – They didn't accomplish as much as they should have, but enough for us not to insist that the Cabinet head back into a special session to get the job done. We now know that the International Monetary Fund (IMF) wants the Government to be more aggressive about its primary surplus. The target for the next three fiscal…

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  • January 16, 2013
    770

    Opposition moves to block Premier from contesting elections

    CHARLESTOWN, Nevis, CMC – The main opposition Concerned Citizens Movement (CCM) has filed an injunction seeking to prevent Premier Joseph Parry and his deputy, Hensley Daniel from contesting the January 22 Nevis Island Administration (NIA) elections. The CCM said that the injunctions were based on the court ruling in the recent election petition case that made both men ineligible to…

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  • January 16, 2013
    803

    Managing Jamaica’s economy

    GEORGETOWN, Guyana – As the year turned and Prime Minister Portia Simpson-Miller addressed the people of Jamaica, their main concerns seem to have been to hear from her some indication of when, and on what basis, the now prolonged discussions with the International Monetary Fund (IMF) would be concluded. But this was not to be, and the government’s negotiations, led…

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  • January 16, 2013
    788

    Barbados predicts modest economic growth for 2013

    BRIDGETOWN, Barbados, CMC – Barbados is forecasting less than one per cent real economic growth for 2013 up from “no real growth” last year. The Central Bank of Barbados said that the 0.7 per cent forecast for this year is based on the most recent forecast by the International Monetary Fund (IMF) of average growth of 1.7 per cent for…

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  • January 16, 2013
    782

    Zero growth

    BRIDGETOWN, Barbados – The Barbados economy had a dismal performance in 2012, registering no growth, and the Central Bank is predicting hardly any increased economic activity in the country this year. Central Bank Governor Dr DeLisle Worrell delivered the disappointing news yesterday in his review of the economy for last year and his projections for the next 12 months.

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  • January 16, 2013
    827

    Opposition Leader brushes aside suggestions of economic growth

    KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace Tuesday brushed aside predictions by Prime Minister Dr. Ralph Gonsalves that St. Vincent and the Grenadines would record economic growth in 2013, saying the economy is worse than the country is being made to believe. Responding to the EC$799.1 million (One EC dollar = US$0.37 cents) national budget presentation on Monday…

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  • January 16, 2013
    840

    Opposition chided on boycott

    BRIDGETOWN, Barbados – AS NINE EMPTY benches faced Government yesterday in the House of Assembly during presentation of a $15.7 million supplementary resolution to subsidize diesel, the Opposition boycott came in for a tongue-lashing from a senior minister. Minister of Small Business Denis Kellman noted that yesterday was Government’s fifth “birthday” – the anniversary of the January 13, 2008 election…

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  • January 16, 2013
    818

    Union puts nationwide strike on hold

    BRIDGETOWN, Barbados, CMC – The Barbados Workers Union (BWU) has decided to put on hold, plans for a national strike pending the outcome of talks with Prime Minister Freundel Stuart on Friday. Prime Minister Stuart has summoned officials from the union and the telecommunications company, Cable and Wireless (Barbados) Limited, to the meeting in a bid to end the impasse…

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