News
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Republic Bank acquires more shares in HFC Bank of Ghana
PORT OF SPAIN, Trinidad, CMC – Republic Bank says it now controls 40 per cent of the HFC Bank Ghana, after acquiring an additional 7.98 per cent shareholding in financial institution. In a statement, the Trinidad-based bank said that it purchased 23,638,340 ordinary shares at a price of GHS 0.67 (US$0.31) per share, making it the single largest shareholder in…
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US to drop fiber-optic cable to Cuba in 2015
MIAMI, CMC – Top United States military officials say a fiber-optic communications cable linking Florida to the US Naval base at Guantánamo Bay in Cuba will be laid in 2015. Navy Lieutenant Commander Ronald Flanders, a US Southern Command, spokesman has agreed with the two-year timetable that chief information officer at the US Secretary of Defense’s office, Ronald Bechtold, refered…
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US$2 million in marijuana seized
MIAMI, CMC – The United States Coast Guard says a joint operation with the Royal Bahamian Police Force Drug Enforcement Unit and the US Drug Enforcement Administration (DEA), known collectively as Operation Bahamas Turks and Caicos (OPBAT), seized 67 bales of marijuana on Little Farmer’s Cay in the Exuma island chain of the Bahamas. The Coast Guard said the seizure,…
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Haiti orphanage to be named in honour of former US President Bill Clinton
NEW YORK, CMC – A United States sustainability group says that it will build an orphanage and children’s facility in Haiti in honour of former US President Bill Clinton. US Green Building Council (USGBC) president, chief executive officer and founding chair Rick Fedrizzi said the facility will be name in recognition of the Clinton Global Initiative (CGI) “longstanding work to…
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Former Finance Minister launches official campaign to lead opposition party
KINGSTON, Jamaica, CMC – Audley Shaw, the opposition Jamaica Labour Party’s (JLP) spokesman on Finance has declared that he is the right man to lead the 70-year-old political party to victory in the next general election. On Sunday, the former Finance Minister officially launched his campaign to challenge current JLP leader – Andrew Holness. In an address to thousands of…
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A welcome review by Grenada
PORT OF SPAIN, Trinidad – The Grenada government took an important forward step last week in announcing its intention to review and make “necessary changes” to legislation that raised fears of potential disadvantage to free expression. In response to criticism by local, regional and international media interests, Prime Minister Keith Mitchell also promised to consult with Grenadian and regional media…
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Court reserves judgement on whether to lift injunction granted to opposition
BASSETERRE, St. Kitts, CMC – A High Court judge has reserved judgment in a case in which the St. Kitts-Nevis government is seeking to lift an injunction granted to opposition legislators wanting to stop the implementation of proposed changes to the constituency boundaries ahead of the next general elections. Justice Darshan Ramdhani over the weekend said he would need a…
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CAL manager suspended
PORT OF SPAIN, Trinidad – State carrier Caribbean Airlines has suspended one of its managers as an investigation continues into what has been described as a million-dollar fraud involving the use of bogus credit cards which has already cost CAL more than $12 million in losses. Sources familiar with the airline’s operations say due to CAL not adequately addressing validation…
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