News

  • June 6, 2013
    787

    Government seeking assistance from Argentina regarding claim of Iranian terrorist cell

    GEORGETOWN, Guyana, CMC – The Guyana government Wednesday said it will ask Argentina for information regarding claims that Iran has been setting up terrorist cells in several Caribbean and South American countries including Guyana, Suriname and Trinidad and Tobago. Government spokesman Dr. Roger Luncheon told a news conference that The Donald Ramotar administration was very much interested in the information…

    Read More »
  • June 6, 2013
    793

    Jamaica narrows trade deficit

    KINGSTON, Jamaica, CMC – Jamaica says it has narrowed its trade deficit by 0.3 per cent at the start of the year to US$401 million. The figure represents a US$1.2 million improvement over the corresponding period in January 2012. According to the figures released here, the island’s trade deficit with its Caribbean Community (CARICOM) partners fell by US$11.2 million or…

    Read More »
  • June 6, 2013
    822

    Bankers peeved at label by Canadian newspaper

    PORT OF SPAIN, Trinidad, CMC – The Bankers’ Association of Trinidad and Tobago (BATT) has dismissed international media reports that Trinidad and Tobago is a known money laundering haven where anyone can stash millions of dollars and transfer funds to offshore accounts without being arrested. “These statements are unfortunate and misguided,” said the BATT, which represents all the commercial banks…

    Read More »
  • June 6, 2013
    887

    Bermuda among Overseas Territories summoned to London for tax evasion talks

    HAMILTON, Bermuda, CMC — Bermuda and other British Overseas Territories (OTs) — including five Caribbean islands — have been summoned to a London summit this month as Prime Minister David Cameron seeks more transparency to end what he calls the “scourge of tax evasion”. Cameron has warned Britain's OTs and Crown dependencies that he has made tax avoidance a priority…

    Read More »
  • June 6, 2013
    890

    IMF says Antigua and Barbuda successfully completes Stand By Agreement

    WASHINGTON, CMC – The International Monetary Fund (IMF) Wednesday said Antigua and Barbuda had successfully completed a multi-million dollar Stand By Agreement (SBA) despite “considerable challenges”. The IMF said the Baldwin Spencer government will receive an immediate disbursement of US$25.4 million following the last review of the SBA which will expire on June 6. The 36-month SBA was approved on…

    Read More »
  • June 6, 2013
    787

    EDITORIAL: Something amiss with our tourism

    BRIDGETOWN, Barbados – We often say that tourism is our business and that is true since it is a major foreign exchange earner for our vulnerable open economy which needs foreign exchange to ensure its stability. Recent developments have, however, caused us some concern and the latest statistics do not give us any comfort. A recent panel discussion held at…

    Read More »
  • June 6, 2013
    811

    Caribbean islands say they are open for business

    NEW YORK, CMC – Senior Caribbean tourism officials are hoping for a turnaround in fortunes as the region Wednesday continued efforts to lure visitors to its shores. “We are truly convinced that high tide floats all boats and together by marketing the region … collectively is extremely important,” Chairperson of the Barbados-based Caribbean Tourism Organization (CTO) Beverly Nicholson-Doty told the…

    Read More »
  • June 5, 2013
    783

    Africa yet to tap full potential

    BRIDGETOWN, Barbados – LAST MONTH Africa’s 54 leaders celebrated the 50th anniversary of the founding of the Organization of African Unity (OAU) – it became the African Union (AU) in 2002 – which had its origins in the struggle for decolonization and against apartheid. It was founded in 1963 in Addis Ababa, Ethiopia, the venue chosen to mark the anniversary.…

    Read More »
  • June 5, 2013
    789

    Guest Opinion: America can help fix the world by fixing itself

    ST. JOHN’S, Antigua – Five years into the global financial crisis, the US and global economies remain mired in a weak-growth, low-inflation, high-unemployment environment. Debt busts such as 2008-09 are hard to exit from, and recoveries are long and painful. However, three complicating factors make the current environment even more challenging. First, economic growth models lie broken across developed and…

    Read More »
  • June 5, 2013
    835

    Junior finance minister hospitalized

    BELMOPAN, Belize, CMC – Junior Finance and Economic Development Minister Santiago Castillo Junior, has been hospitalised after he was seriously injured in a cycling incident. Castillo, affectionately known at Santino, is an avid cyclist who owns and manages his own cycling team and actively participates in cycling races as an elite rider.

    Read More »
Back to top button