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  • January 14, 2013
    865

    Stanford receiver seeks court approval for interim payment to investors

    DALLAS, Texas, CMC – The receiver for jailed Texas financier Allen Stanford’s assets has sought approval from a US federal judge for interim payment to swindled investors. In a filing in a federal district court, Ralph Janvey, the court-appointed receiver, asked Judge David Godbey for his permission to pay more than 17,000 investors an initial distribution of US$55 million. If…

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  • January 14, 2013
    816

    Coalition partner backs Foreign Minister Dookeran for post of President

    PORT OF SPAIN, Trinidad, CMC – The Congress of the People (COP) party, the second biggest partner in the four-party coalition People’s Partnership government says it is backing Foreign Affairs Minister Winston Dookeran for the post of President of Trinidad and Tobago. Parliament will meet on February 15 to elect a successor to President George Maxwell Richards, who leaves after…

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  • January 14, 2013
    822

    PNM Leads THA Race

    PORT OF SPAIN, Trinidad – A poll ahead of next Monday’s Tobago House of Assembly (THA) election is predicting a landslide victory for the incumbent People’s National Movement (PNM). The poll, by Nigel Henry and Tarik Parris of the firm Solution by Simulation, was carried out by telephone from January 7-9. It showed the Orville London-led PNM team winning 11…

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  • January 14, 2013
    1,099

    Manage cement price

    PORT OF SPAIN, Trinidad – Last Tuesday, Trinidad Cement Limited (TCL) announced a rise in price on a standard 42.5 kilogramme bag of cement by 9.5 per cent. The company had warned last July that it would have to review its prices after a 90-day strike by the OWTU meant to shift the company’s position from a wage offer of…

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  • January 14, 2013
    785

    EDITORIAL: Switching to alternative energy

    BRIDGETOWN, Barbados – Things are beginning to look very interesting in the alternative energy sector in Barbados. In recent months we have witnessed an intensification of practical involvement and investment, from both the public and private sectors. There is now better appreciation that we can generate more of our power needs using solar and wind energy. Last week Government took…

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  • January 14, 2013
    832

    Barrow still has a presence

    BRIDGETOWN, Barbados – Evidence of Errol Barrow’s influence continues to permeate Barbados and the Caribbean, Prime Minister Freundel Stuart told a thanksgiving service in memory of the Father of Independence yesterday. Speaking at St Christopher’s Anglican Church, Stuart said he and the members of the Democratic Labour Party (DLP), which Barrow co-founded, were “pleased to be his distinguished successors”. Stuart…

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  • January 14, 2013
    817

    It is only a matter of time

    BRIDGETOWN, Barbados – WITH the heightened political activity currently on in Barbados, it seems only a matter of time before Barbadians get to know just when they will be going to the polls to elect a Government of their choice. Both political parties – the ruling Democratic Labour Party and the Opposition Barbados Labour Party – are in a state…

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  • January 14, 2013
    786

    Outfoxed!

    BRIDGETOWN, Barbados – Prime Minister Freundel Stuart has been outmanoeuvred by the opposition Barbados Labour Party (BLP) and is being forced to call a general election, three political scientists say. And they contend that the longer Stuart waits to act, the worse it could be for his Democratic Labour Party (DLP) administration. The three – Peter Wickham, Dr George Belle…

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  • January 14, 2013
    803

    PM to give update on IMF discussions

    KINGSTON, Jamaica, CMC – The Jamaica government is expected to update the nation later on Monday “on matters related to aspects of the negotiations with the International Monetary Fund (IMF), according to an official statement issued here. Prime Minister Portia Simpson Miller and members of her Cabinet are expected to address the media on the outcome of a three-day special…

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  • January 14, 2013
    804

    St. Kitts looks to CARICOM for help on high-income status

    KINGSTON, Jamaica – Prime Minister Dr. Denzil Douglas says he will look towards his Caribbean Community (CARICOM) colleagues to help St. Kitts-Nevis deal with the new high income country status placed on it by the United States. Dr. Douglas said that his administration would pursue talks with the Obama administration so as to ensure that despite the new status the…

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