News

  • June 6, 2013
    1,026

    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…

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  • June 6, 2013
    1,045

    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…

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  • June 6, 2013
    918

    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…

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  • June 6, 2013
    927

    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…

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  • June 5, 2013
    866

    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.…

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  • June 5, 2013
    894

    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…

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  • June 5, 2013
    936

    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.

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  • June 5, 2013
    858

    Government hints that Local Government elections will not be held this year

    GEORGETOWN, Guyana, CMC – The Guyana government has hinted that the long awaited Local Government elections may not take place this year and is blaming the opposition grouping, A Partnership for National Unity (APNU) for deliberately delaying the process. The state-owned Chronicle newspaper Tuesday quoted Local Government Minister Ganga Persaud as saying that the work of the committee tasked with…

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  • June 5, 2013
    922

    Former speakers agree that opposition should not have involved the court in motion of no confidence

    BASSETERRE, St. Kitts, CMC – The former speaker of the Grenada parliament George McGuire says opposition legislators in St. Kitts-Nevis “played right into the hands of the Prime Minister” when they filed court action to force the Parliament to debate a motion of no confidence. McGuire, speaking on Winn FM radio here, said that issues relating to the parliament should…

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  • June 5, 2013
    1,068

    Cristina Fernandez Announces Hospital Opening in Haiti

    Buenos Aires, (Prensa Latina) Argentina's President Cristina Fernandez, participated today via a video conference at the opening of a hospital in Haiti, and thanked them for appointing it Nestor Kirchner. “We are very excited and want to tell everyone that we are about to inaugurate a referral hospital in Haiti which is an initiative of that country with Venezuela, Cuba…

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