News
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Concerns over rum subsidies
PORT OF SPAIN, Trinidad – Rum was on the agenda for Caricom leaders as they used yesterday’s visit by United States Vice-President Joe Biden to Trinidad and Tobago to highlight concerns about the impact of US rum subsidies to Puerto Rico and the US Virgin Islands. “The most contentious issue is rum subsidies to Puerto Rico and the US Virgin…
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Caribbean leaders hold “frank and cordial” talks
PORT OF SPAIN, Trinidad, CMC – United States Vice President Joe Biden Tuesday held “frank and cordial” talks with Caribbean Community (CARICOM) leaders and pledged Washington’s assistance on a wide range of issues affecting the socio-economic development of the of the 15-member regional grouping. “I want to thank you all for the important discussions…but more importantly for the frankness and…
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Two years into his presidency, Michel Martelly says Haiti is on the move
HAUT-DU-CAP, Haiti — As he begins his third year in office, President Michel Martelly is adding a dose of reality to his campaign promises, telling the Haitian people he alone cannot transform their lives. Calmer and more mature in his rhetoric, Martelly is calling for greater social responsibility, describing his nation’s deep-seated social ills —hunger, joblessness and poverty — as…
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Guyana’s Finance Minister urges CDB to scale up lending activity to member countries
(CARICOM News Network) Guyana’s Finance Minister Dr. Ashni Singh has stressed the importance of the Caribbean Development Bank reversing recent downgrades to its credit rating, as he assumes the chair of the Board of Governors of the Bank over the next year. Addressing the closing ceremony of the Bank’s 43rd annual meetings just concluded in St. Lucia, the Minister said…
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CAYMAN – Progressives to form new government on Wednesday
(CARICOM News Network) Following its decisive victory in last Wednesday’s general elections, leader of the Progressives Party Alden McLaughlin has revealed a partial list of his new Cabinet members. In addition to being Premier, Alden McLaughlin will also serve in a new portfolio as Minister of Home Affairs. Deputy Premier Moses Kirkconnell, will take on the job as tourism minister…
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St Vincent PM calls for regional meeting on reparations
(CARICOM News Network) St. John’s, Antigua- Prime Minister of St Vincent & the Grenadines Dr Ralph Gonsalves has offered his home nation as a possible location to host a meeting of an exploratory committee on reparations. “I am suggesting a special regional conference on reparations, including governments NGOs and distinguished personalities of relevance,” he said. “This conference ought to be…
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‘Local banks working with US to beat tax evasion’
PORT OF SPAIN, Trinidad and Tobago, Express -Local banks are on track to being compliant with US tax legislation, the Foreign Account Tax Compliance Act (FATCA), by next year’s deadline, Bankers’ Association president David Dulal-Whiteway said yesterday. FATCA was enacted in the US Congress in 2010 and is part of that country’s effort to combat tax evasion by US citizens…
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ECCB Rules Out Devaluing EC Dollar
(CARICOM News Network) St. Kitts and Nevis (WINN): The Eastern Caribbean Central Bank (ECCB) has ruled out devaluing the EC dollar within the next five years. The Bank’s Managing Director, Jennifer Nero has made it clear that devaluation is not on the cards. She confirmed that there has been “substantial analysis” done on the matter of the value of the…
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For VP Biden, a plain-talk welcome
PORT OF SPAIN, Trinidad and Tobago, Express – US vice-president Joe Biden has come all the way to Trinidad and Tobago, via Bogota, Colombia, surely having been briefed on matters topping the agenda of US-Caribbean relations. The veteran US senator, now second in command to President Barack Obama, can be assured of a warm T&T welcome and hospitality during his…
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Chamber president: SMEs making big contribution to GDP
PORT OF SPAIN, Trinidad and Tobago, Guardian – The Small and Medium Enterprises (SME) sector is now making a bigger contribution to the economy of T&T, Moonilal Lalchan, president, T&T Chamber of Commerce, said yesterday. “Statistics show that at the end of 2011, the over 20,000 SME’s contributed to roughly 30 percent of our Gross Domestic Product (GDP) and employed…
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