News

  • June 25, 2013
    1,033

    China potential

    BRIDGETOWN, Barbados – CHINESE are big spenders and should that country become a new source for this country with regard to visitors, the increased spending will redound to the benefit of the local economy. A three-member Chinese delegation attended one of the Mega Fam programmes and spoke highly of the benefits which can accrue to this country from tourism services,…

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  • June 25, 2013
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    Top official discards Haiti-Dom. Rep. energy link for now

    Santo Domingo.- Energy Commissioner Enrique Ramirez on Monday debunked notions of interconnecting Haiti and Dominican Republic with power lines for now, “maybe down the line, say in 20 years.” His affirmation comes in the wake of a report by Haiti newspaper Le Nouvelliste, that Andress Appolon, director of that country’s electricity utility EDH, is in Santo Domingo to review possibilities…

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  • June 25, 2013
    849

    IMF and World Bank review B’dos finance sector

    BRIDGETOWN—The World Bank and the International Monetary Fund (IMF) are to conduct a comprehensive study of Barbados’ financial services sector. A statement from the Central Bank of Barbados said the two Washington-based financial institutions will conduct the financial sector assessment programme (FSAP) between July 1 and 17. This is the third such assessment of the island’s financial services sector—the other…

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  • June 25, 2013
    872

    IDB providing millions in funds for water project in Haiti

    WASHINGTON, CMC – The Inter-American Development Bank (IDB) says it is providing a US$35.5 million grant to Haiti for a programme to expand and improve drinking water services in the capital of the French-speaking Caribbean Community (CARICOM) country. It said the grant will support the second phase of a programme launched in 2010 with support from the IDB and the…

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  • June 25, 2013
    837

    US diplomat says CBSI having an impact on security in the region

    GEORGETOWN, Guyana, CMC – United States Ambassador Brent Hardt says the Caribbean Basin Security Initiative (CBSI), now into its third year, is beginning to have an impact as a result of the many programmes implemented to fight crimes in the region. Hardt along with Home Affairs Minister Clement Rohee Monday met with local and foreign senior security officials to discuss…

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  • June 25, 2013
    811

    Cash Flow Woes At LIAT

    ST JOHN’S, Antigua – Following last weekend’s fanfare and celebration surrounding LIAT’s acquisition of the first of eight new ATR aircraft, cash flow problems resulting from the re-fleeting exercise have surfaced. LIAT management warned staff that June salaries may be paid late because of “severe cash flow constraints” – a direct result of shareholder governments’ failure to keep their promise…

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  • June 25, 2013
    901

    Model draft legislations on EPA to be discussed in Grenada

    ST. GEORGE’S, Grenada, CMC – Legislative drafters from Caribbean Forum (CARIFORUM) countries meet here on Wednesday to discuss draft model bills intended to give effect to measures contained in the Economic Partnership Agreement (EPA) signed with the European Union in 2008. The meeting is being organised by the Guyana-based EPA Implementing Unit within the Caribbean Community (CARICOM) Secretariat and is…

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  • June 25, 2013
    1,080

    Human trafficking challenges for CARICOM states

    BRIDGETOWN, Barbados -THE LATEST Trafficking In Persons (TIP) report by the United States Department of State, valuable as it is,  is a reminder that countries of the Caribbean region are back in that cycle of recurring admonition from Washington as lacking in vigorous commitment to combat this horrible crime against humanity. There is no doubting the fact that  in the…

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  • June 25, 2013
    885

    Region discussing sustainable growth and development strategies

    NASSAU, Bahamas, CMC – Government and business leaders from across the Caribbean are gathered here this week along with international donor and lending agencies to take stock of how they have been collaborating on putting in place solutions to sustainable growth and development in the region. The driving force behind the two-day meeting that opened Monday is the Caribbean Growth…

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  • June 25, 2013
    945

    Bahamas PM warns crime and political agendas can hinder growth

    NASSAU, Bahamas, CMC – The prime minister of this archipelago of islands warns that crime, poor planning and the politicization of development agendas threatens the future viability of Caribbean economies. Addressing a gathering of leaders from the public and private sectors around the region, Perry Christie said it is important for the people of the Caribbean to “constantly work on…

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