News
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GUYANA-ENERGY-President Ramotar says hydro project still on stream
GEORGETOWN, Guyana, CMC – The Guyana government says it remains optimistic that the Amaila Falls Hydro-Power project will become a reality despite the decision of the US-based Sithe Global Power, LLC to withdraw from the project last year. “We haven’t given up on Amaila. As far as I know it is back with the IDB (Inter American Development Bank) board,…
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Multilaterally Intermeshed AML/CFT Legislation a Critical International Obligation
GEORGETOWN, Guyana, Chronicle – Passing the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) act is critical to the future well-being of Guyana and to all Guyanese. Guyana has an international obligation to enact legislation, which is constitutional; harmonized with the laws of other member countries in its group; able to pass peer review by those countries; and in accord with…
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Finance Minister: No effort spared to safeguard integrity of financial systems
GEORGETOWN, Guyana, Chronicle – THE stability and strength of any financial system are an indispensable prerequisite for the overall health and well-being of an economy, says Finance Minister, Dr. Ashni Singh, and the current Administration has spared no effort in safeguarding the integrity of local financial systems. Addressing the matter Monday during his Budget 2014 presentation to the House, Dr…
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JAMAICA-ECONOMY-IMF pleased with economic reform programme
KINGSTON, Jamaica, CMC – The International Monetary Fund’s (IMF), resident representative to Jamaica, Bert Van Selm, says despite a front loaded adjustment programme, the economy has seen some growth over the first year of the programme. Van Selm, made the comment in an address to persons attending a Financial Services Commission seminar here on Wednesday. He asserted that Jamaica's economic…
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GUYANA-POLITICS-President reiterates need for opposition to ensure passage of anti-money laundering bill
GEORGETOWN, Guyana, CMC – President Donald Ramotar has reiterated the need for the opposition parties to support the anti-money laundering legislation which he said is part of the international initiative to deal with terrorism and money laundering. The opposition parties – A Partnership for National Unity (APNU) and the Alliance for Change (AFC) – control 33 of the 65-seats in…
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Ending the Cuba embargo: How Caricom can help
KINGSTON, Jamaica, Observer- WE welcome the latest call by the Caribbean Community (Caricom) for an end to the 54-year-old United States embargo on Cuba. But even as we acknowledge the correctness of the position, we must admit that Washington has, over time, softened its policies toward Havana, especially after former President Fidel Castro stepped aside and transferred power to his…
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CARIBBEAN-REPARATION-CARICOM chairman to address reparation conference in United States
NEW YORK, CMC – Chairman of the Caribbean Community (CARICOM) grouping, Prime Minister Dr. Ralph Gonsalves of St. Vincent and the Grenadines will address an international forum in reparations in the United States next month. Gonsalves will deliver the feature address at the April 19 forum titled “Revitalizing the Reparations Movement,” organized by the New York-based Institute of the Black…
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Caribbean ICT Roadshow comes to Belize City
AARON HUMES Reporting: Belize City hosted the second leg of the third annual Caribbean Information and Communication Technology (ICT) Roadshow at the Radisson Hotel in Belize City today. ICT is basically the use of modern technology such as computers, cellular phones and so on to link with software and other tools to more effectively access, store and transmit information. The…
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