News

  • June 17, 2013
    829

    FATCA: Will it harm our economy?

    KINGSTON, Jamaica – It now seems that our money is going to be controlled once more by external governments and their regulations. There will be instituted in our banking regulations a requirement for some additional information on clients' funds, and their source of funds, especially if they happen to be citizens of the USA, or simply green card holders. This…

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  • June 17, 2013
    1,083

    Eastern Caribbean Central Bank Establishes FATCA Working Group

    The Eastern Caribbean Central Bank (ECCB) has established a Working Group to ensure that financial institutions which operate within the Eastern Caribbean Currency Union are prepared to comply with the requirements of the United States Foreign Account Tax Compliance Act (FATCA). FATCA, which the US Government enacted in March 2010, seeks to combat tax evasion by US citizens and resident…

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  • June 17, 2013
    956

    Dominican merchants shutter border market to protest Haiti’s ban

    Dajabón, Dominican Republic.- Dajabón merchants kept Haitians from crossing into the Dominican side  on Sunday, the day before the market held Mondays and Fridays, as part of the called shutdown on Monday organized by the Merchants Association, to protest the ban on eggs and poultry enacted by Haiti’s government. Also turned back were trucks from other towns full of merchandise…

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  • June 17, 2013
    799

    Government re-launch initiative to stimulate local economy

    ST. JOHN’S, Antigua, CMC – The Antigua and Barbuda government says it will re-launch an initiative aimed at stimulating the economy and providing nationals with an opportunity to own their own homes. The Baldwin Spencer government says is in collaboration with the Antigua and Barbuda Investment Authority (ABIA), it will re-launch the Construct Antigua and Barbuda Initiative (CAB-I) 2013, on…

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  • June 17, 2013
    787

    Get on board

    BRIDGETOWN, Barbados – THE report that LIAT has acquired the first ATR 72-600 aircraft as part of a programme to upgrade its fleet is good news for the island-hopping airline. But as the Caribbean air carrier embarks on this project, which is costly but necessary, now is the time for other islands which are not part of the LIAT shareholding,…

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  • June 17, 2013
    952

    UN General Assembly elects John Ashe as envoy president

    ST JOHN’S, Antigua – Antigua & Barbuda’s ambassador to the United Nations, John William Ashe, was elected president of the 68th Session of the UN General Assembly (UNGA) on Friday. The one-year presidency of UNGA rotates among regions, with the 68th session being the turn of the Latin American and Caribbean regional group, and Ashe the unanimous choice. The president-elect…

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  • June 17, 2013
    849

    ATR 72-600 Lands In Antigua

    ST JOHN’S, Antigua – The arrival of the first new 68-seat LIAT ATR 72-600 aircraft at the VC Bird International Airport yesterday was hailed a “game changer” by LIAT Chief Executive Officer Ian Brunton. Brunton said by updating the fleet, the airline will be able to lower fares, but not before 2015 at least. “With airlines, the operating costs are…

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  • June 17, 2013
    821

    Ja benefits from Carib Basin Act, Vasciannie tells US Int’l Trade Commission

    KINGSTON, Jamaica – JAMAICA has benefited significantly from the Caribbean Basin Economic Recovery Act (CBERA), and more generally from the Caribbean Basin Initiative, Jamaica's Ambassador to the United States Stephen Vasciannie told a public hearing of the United States International Trade Commission in Washington, DC last Thursday. Ambassador Vasciannie's presentation is designed to assist the commission compile its 21st report…

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  • June 17, 2013
    853

    Caribbean Investment Forum delivers on promise of rich opportunities

    In its third successful year, the Caribbean Investment Forum (CIF) 2013 delivered on the promise of rich opportunities for investors seeking a foothold in the Caribbean. More than 500 entrepreneurs, government ministers, investors, CEOs, and CFOs heeded the call to discuss the development and investment opportunities of various sectors, including tourism, at CIF 2013 which was hosted at the Trinidad…

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  • June 17, 2013
    1,246

    CXC to record first-ever video-based syllabus orientation

    PORT OF SPAIN, Trinidad – The Caribbean Examination Council (CXC) will make history in Grenada this week with the recording of its first-ever completely video-based syllabus orientation. The recording is being done for the launch of CXC’s CAPE Digital Media Syllabus and will be facilitated by BrightPath Foundation, a Trinidad-based technology education non-profit. A team of teachers, CXC officers and…

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