News

  • New database to help region protect coastline from climate change

    KINGSTON, Jamaica COUNTRIES in the Caribbean and Latin America could improve coastal planning and develop preventive measures to adapt to the effects of climate change using a database launched yesterday by the Spanish Ministry of Agriculture, Food and the Environment, University of Cantabria and the Economic Commission for Latin America and the Caribbean (ECLAC). The database contains information on coastal…

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  • Bank cuts

    BRIDGETOWN, Barbados – STAFF LAYOFFS are looming at CIBC FirstCaribbean Bank in light of heavy expenses having to be set aside for bad loans. The bank, which boasts branches in 17 Caribbean territories, is particularly concerned about its heavy loan loss provisioning in Barbados and The Bahamas, and has therefore undertaken a restructuring programme that could lead to layoffs, starting…

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  • 6.3% drop in arrivals

    BRIDGETOWN, Barbados – The Barbados tourism sector has taken a nosedive so far for the year, and an imminent cut in flights to the island from at least one major source market could result in a further blow. For the nine-month period ending September 30, the sector recorded a decline of 6.3 per cent in long-stay arrivals when compared to…

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  • ECJ distances itself from remarks by former chairman

    KINGSTON, Jamaica, CMC – The Electoral Commission of Jamaica (ECJ) Wednesday sought to distance itself from statements attributed to former chairman, Dr. Herbert Thompson, that there has been an attempt by the Parliament to destroy the EOJ. The ECJ in a statement said the statements were made in the media and that it “notes and welcomes the fact that Parliament…

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  • S&P maintains BBB- rating for Montserrat

    BRADES, Montserrat, CMC – The United States-based rating agency, Standard & Poor's (S&P), has affirmed its 'BBB-/A-3' sovereign issuer credit ratings on Montserrat addi8ng that the outlook remains stable. “Our 'BBB-' transfer and convertibility assessment is unchanged. The ratings on Montserrat reflect the United Kingdom’s institutional and budgetary support of the island, which is an internally self-governing overseas territory of…

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  • Journalists from Jamaica, Belize, and Trinidad win regional agricultural award

    PORT OF SPAIN, Trinidad, CMC – Journalists from Jamaica, Belize and Trinidad and Tobago have been named as winners in the third Regional Excellence in Agricultural Journalism Competition, 2013. The Trinidad-based Caribbean Agricultural Research and Development Institute (CARDI) and the European-based Technical Centre for Agricultural and Rural Co-operation (CTA), said the winners would receive a commemorative plaque, a cash prize…

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  • Malfunctioning avionics fan forces LIAT plane to return to Barbados

    BRIDGETOWN, Barbados, CMC — A LIAT DASH-8 aircraft was Wednesday afternoon forced to return to Barbados about midway into a flight to Guyana due to a problem with an “avionics fan”. The aircraft landed without incident around 3:12 p.m.(local time) and a fire tender was on standby on the apron. The passengers, who 45 minutes earlier, had boarded Flight 521…

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  • Regional governance institute launches today

    PORT OF SPAIN, Trinidad – The Caribbean Corporate Governance Institute (CCGI) will be celebrating its formal launch today from 5 pm–8 pm at the Hyatt Regency Trinidad. The CCGI is a non-profit membership- based organisation dedicated to strengthening principles of good corporate governance across the Caribbean. Headquartered in Port-of-Spain, the CCGI strives to become a regional provider of guidance and…

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  • PM Gonsalves says he doesn’t know why LIAT’s CEO resigned

    KINGSTOWN, St. Vincent, CMC — Chair of LIAT’s shareholder governments, Prime Minister Dr. Ralph Gonsalves says he does not know why Ian Brunton resigned as the airline’s chief executive officer after just one year on the job. LIAT’s board of directors announced late September that it had accepted Brunton’s resignation, effective October 1. “I really don't know what are the…

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  • Closing the skies

    GEORGETOWN, Guyana – The news that the U.S. Department of Transportation (DOT) has denied permission to Caribbean Airlines Limited (CAL) and Fly Jamaica (FJ) to fly directly from Guyana to New York is very disturbing. According to the criteria announced by the DOT, the airlines would have had to show “a need for the service, that there would be a…

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