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PetroCaribe interest rate may go up by 100% -report
(Jamaica Observer) The Jamaican Government appears to have been taken by surprise by reports on the weekend that Venezuela is contemplating a 100 per cent increase on interest payable on oil it exports to the region under the PetroCaribe agreement. Both Energy Minister Phillip Paulwell and Finance and Planning Minister Dr Peter Phillips were unable to comment yesterday beyond that…
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ST. VINCENT-POLITICS-Opposition Leader wants PM Gonsalves to lobby CARICOM to intervene in St. Kitts
KINGSTOWN, St, Vincent, CMC – Opposition Leader Arnhim Eustace has written to Prime Minister Dr. Ralph Gonsalves asking him to lobby his Caribbean Community (CARICOM) to intervene in the ongoing political situation in St. Kitts and Nevis. “This state of affairs is patently unacceptable,” Eustace said in his letter to Prime Minister Gonsalves. Opposition legislators in St. Kitts-Nevis have been…
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ST. VINCENT-AGRICULTURE-Government continuing efforts to eradicate Black Stigatoka disease
KINGSTOWN, St. Vincent, CMC – The St. Vincent and the Grenadines government Monday said it was concerned that farmers were abandoning their field even as the authorities continue with their efforts aimed at eradicating the Black Stigatoka disease which has severely affected banana farms on the island. Agriculture Minister Saboto Caesar said that while “Operation Cutback” will continue and that…
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GRENADA-POLITICS-Government cracks down on illegal wiretapping
ST. GEORGE’S, Grenada, CMC – Prime Minister Dr. Keith Mitchell has told legislators that equipment capable of intercepting communications had been purchased by the previous government. “We found one piece that has the ability to monitor a person home from as far a half a mile away. All they needed to do was zoom into the house and listen to…
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GRENADA-ECONOMY-Parliament gives nod to Citizenship by Investment legislation
ST. GEORGE’S, Grenada, CMC – The Grenada parliament has given the nod to the Citizenship by Investment legislation as the Keith Mitchell administration seeks to lure foreign investors to the island. But Prime Minister Mitchell has made it clear that new regulations would be put in place to ensure that bona fide investors receive the Grenada passport as part of…
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CARIBBEAN-TEACHERS-President Ramotar wants early implementation of new teaching strategies in the Caribbean
GEORGETOWN, Guyana, CMC – President Donald Ramotar is calling for the implementation of the standard of practice that has been developed for the teaching procession which outlines the academic and professional benchmarks for educators within the Caribbean. “We have now developed for ourselves a more harmonised approach to teacher education and training which guides each of our nations in establishing…
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DOMINICA-POLITICS-Dominica welcomes St. Lucia into ALBA
ROSEAU, Dominica, CMC – Prime Minister Roosevelt Skerrit says many international financial institutions take a long time to disburse funds to developing countries as he applauded the work of the Bolivarian Alliance for the Peoples of Our America (ALBA) bank. Skerrit, commenting on the decision of St. Lucia to join the Venezuela-led ALBA, the creation of the bank has resulted…
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CARIBBEAN-TEACHERS-CARICOM SG wants competent workforce to deal with changing global environment
GEORGETOWN, Guyana, CMC – Caribbean teachers are meeting here on Monday amidst a call for the region to produce educators that would help establish a competent workforce to help the Caribbean deal with a changing global environment. Caribbean Community (CARICOM) Secretary General Irwin la Rocque told the 36th biennial Conferences of the Caribbean Union of Teachers (CUT), said that the…
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An experiment in Amazon conservation faces economic reality
TIPUTINI RIVER, Ecuador — Waving away a cloud of gnats, biologist Phyllis “Lissy” Coley scours the Amazonian underbrush for inga shrubs, whose young leaves are loaded with powerful toxins and chemicals that might be useful in medical research. Coley and her team from the University of Utah have spent almost two years in the Amazon of Guyana, Peru and Brazil…
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Republic gains majority stake in Ghana bank
PORT OF SPAIN, Trinidad, Guardian – Republic Bank Ltd has acquired a majority stake in Ghana’s HFC Bank Ltd and is prepared to make an offer for all the remaining shares in the bank if it is mandated to do so. “Republic Bank continues at this time to engage in discussions with the SEC and the Bank of Ghana (BoG)…
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