News
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EU supporting regional food security project
PORT OF SPAIN, Trinidad, CMC – The European Union is providing an Euro 8.6 million (One Euro = US$1.29) grant to support a project to improve Caribbean food security in the context of climate change. The project is being conducted in Belize, Barbados, St. Kitts and Nevis and Trinidad and Tobago and is being organized by the Caribbean Agricultural Research…
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Jamaica uncovers scheme involving Trinidad and Tobago products
KINGSTON, Jamaica, CMC – Jamaica has imposed additional duties on lube oil product from Trinidad and Tobago, accusing the oil rich twin island republic of engaging in a scheme to circumvent the rules of origin in the Treaty of Chaguaramas, governing the Caribbean Community (CARICOM). Industry, Investment and Commerce Minister Anthony Hylton told parliament the scheme was brought to the…
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CAL to discuss route cut with Jamaica
KINGSTON, Jamaica – The state-owned Caribbean Airlines (CAL) recorded losses estimated at US$70 million last year, Finance Minister Larry Howai has said. He told the Senate on Tuesday that the figure does not include the US$40 million in fuel subsidy to the airline, even though he insists that the airline remains solvent. But Opposition legislator Dr Lester Henry said he…
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CAL’s current situation clearly unsustainable
PORT OF SPAIN, Trinidad – Is it unrealistic for T&T to continue to have a national airline? Or is the issue one of incompetent and corrupt management at the national airline? Can Caricom, as a group of struggling economies, continue to have half a dozen national airlines, all of them losing hundreds of millions of dollars annually? In the instance…
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CAL not in crisis, says chairman
PORT OF SPAIN, Trinidad – The Caribbean Airlines (CAL) board has directed that its acting chief executive Robert Corbie provide a report on why the company has to potentially write off $200 million in cargo revenue and credit card fraud. Chairman Rabindra Moonan, in a telephone interview yesterday, observed that those losses are the responsibility of the company’s management. He…
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Caribbean airline integration: A call to action
PORT OF SPAIN, Trinidad – In his book, Re-engineering Management, James Champy states: The results are in: Re-engineering works—up to a point. The obstacle is management. The only way we’re going to deliver on the full promise of re-engineering is to start re-engineering management. The problem is, current Caribbean leaders will not acknowledge that leadership models across the Caribbean are…
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Regional transport ministers to discuss transport woes
PORT OF SPAIN, Trinidad, CMC – Caribbean Community (CARICOM) ministers of transport will meet in St. Vincent and the Grenadines later this month and are likely to make recommendations that will go before regional leaders at their annual summit in Trinidad and Tobago in July on the vexing question of air and maritime transportation in the Caribbean. CARICOM Secretary General…
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Ban Ki-Moon’s warning not to be taken lightly!
KINGSTON, Jamaica – UNITED Nations Secretary General Ban Ki-moon issued a warning to the world’s business community yesterday that, we believe, is most pertinent to Jamaica and indeed our sister Caribbean states. According to Mr Ban, economic losses linked to disasters are “out of control” and will continue to escalate unless disaster risk management becomes a core part of business…
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