News and Media
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Grenada regains majority shareholding in electricity provider: CARICOM BUSINESS
Grenada’s light and power company monopoly, Grenlec, will continue to operate as a private company, although the government has repurchased the majority shares owned by WRB Enterprises. Through a US$63-million settlement, which is US$12 million less than an arbitration award, the government regained control of the 50% shareholding sold to WRB Enterprises in 1994. In addition, the government has also…
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Election date announced for the Turks and Caicos Islands
The people of the Turks and Caicos Islands vote in General Elections on 19 February 2021. Premier Sharlene Cartwright Robinson announced the date during a political rally of her ruling Peoples Democratic Movement (PDM) on Grand Turk, Saturday night. The PDM won six of the ten constituencies and four of the five At-Large seats in the last elections held in…
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Statement by the Chairman of the Caribbean Community Dr the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago on the US Situation
The Caribbean Community (CARICOM) is deeply saddened and concerned at the unprecedented scenes that unfolded at the Capitol Building in Washington DC, USA, during the certification of the votes of the presidential elections by the US Congress. The storming of the US Congress was a gross affront to democracy and the rule of law in a country which has been…
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COVID-19 Vaccine Arrives in the Region
Cayman Islands – The Cayman Islands Government received its first shipment of the Pfizer-BioNTech COVID-19 vaccine on Tuesday, 5 January 2021 when 9750 doses arrived on the British Airways flight. Pfizer-BioNTech was the first vaccine to receive approval in the United Kingdom (UK) and it has since been approved by healthcare regulatory agencies around the world, including Canada, the European…
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Region reacts to the passing of Jamaican and Caribbean Business icon Gordon “Butch” Stewart
Tributes have been pouring in from across the Caribbean Community following news of the passing of Jamaican and Caribbean Business icon Gordon “Butch” Stewart. The 79 year old founder and chairman of the ATL Group of Companies died in Miami Monday. Click here for some of the regional tributes: Region Remembers Gordon Butch Stewart
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SVG’s 2020 revenues higher than 2019 — Finance Minister: CARICOM BUSINESS
In a break with tradition, the government of St Vincent and The Grenadines, in the absence of a budget for 2021, received approval from Parliament to borrow EC$125 million for capital expenditure for next year. Public Sector Investment Loan No. 2 Act 2020, presented by Minister of Finance, Camillo Gonsalves, authorises the government to raise funds to assist the government…
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CARICOM congratulates Haiti on 217th Independence Anniversary
The Caribbean Community CARICOM has congratulated the Government and People of the Republic Haiti on its Two Hundred and Seventeenth Anniversary of Independence, while highlighting the impact of the country’s inspiring history on the Region. “The Community joins with the People of Haiti to honour their inspiring history which has been a guiding light for the Region and further afield,…
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New Year Statement by the Incoming Chairman of the Caribbean Community (CARICOM) Dr the Honourable Keith Rowley Prime Minister of Trinidad and Tobago
The Caribbean Community (CARICOM) enters this New Year 2021 with renewed hope for emerging from the darkness of the past year. The promising light at the end of the tunnel provided by the vaccine for COVID-19 provides the possibility of relief from the health and socio-economic challenges posed by the pandemic. The Community has signed on to the COVAX Facility…
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Alert Level raised at SVG’s La Soufriere volcano
CDEMA, Caribbean Disaster Emergency Management Agency – The alert level for St. Vincent and the Grenadines’ La Soufriere volcano has been elevated to Orange – the third highest of four levels – because of increased activity at the site. Monitoring systems, satellite imagery and visual observations have confirmed increased seismic and fumarolic activity, strong gas emissions, emergence of a satellite…
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Belize to launch NBB Pay e-wallet in early 2021: CARICOM BUSINESS
The National Bank of Belize (NBB) has solicited the expertise of Barbados-based financial technology firm Bitt to create and launch a digital wallet that will complement the bank’s mobile banking services. “NBB is licensing a digital currency infrastructure from Bitt to support retail and business users’ access to simple secure and efficient payment solutions as they recover from the global…
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