News

  • World Bank sees progress in some of the most fragile countries

    WASHINGTON (Reuters) – Twenty of the world’s most troubled countries have made progress in efforts that range from reducing poverty to improving the education of girls and cutting down on the deaths of women in childbirth, the World Bank said yesterday. The improvement is a big shift from just a few years ago for the 20 fragile and conflict-hit states.…

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  • OECS economies: stuggling against the tide

    GEORGETOWN, Guyana, Stabroek News – Last week, Prime Minister Kenny Anthony of St Lucia presented his Budget for the year 2013-14, an event that followed a three-week strike by the country’s civil servants in protest against the government’s wage offer for a triennium ending in 2013. The Budget was presented, and the strike was held, against a background of a…

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  • New banknotes being unveiled today

    BRIDGETOWN, Barbados, Advocate – THE Central Bank of Barbados will today unveil a new family of Barbadian banknotes – for the first time since the institution issued notes in 1973. The launch of the new series coincides with the Bank’s 41st birthday. The new notes have the same value as the current series, but will feature modern designs and upgraded…

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  • TRINIDAD-MEDIA-Government moves to repeal criminal libel legislation

    PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government Wednesday said it would move to amend the existing libel and defamation legislation so as to ensure that journalists were not jailed “for the malicious publication of any defamatory libel.” Prime Minister Kamla Persad Bissessar, speaking at a news conference following talks with a delegation from the Vienna-based International…

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  • UPDATE-DOMINICA-HEALTH-Health Minister flown to Martinique for treatment

    ROSEAU, Dominica, CMC – Prime Minister Roosvelt Skerrit has confirmed that his Health Minister Julius Timothy had been flown to the French island of Martinique for medical treatment after he collapsed at his office on Wednesday. “Last night he complained about numbness in certain parts of his body,” Skerrit said on state-owned DBS radio, adding that “in due course a…

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  • JAMAICA-BUDGET-UWI principal to chair task force on logistics hub initiative

    KINGSTON, Jamaica, CMC – The Jamaica government has named the Principal of the Mona Campus of the University of the West Indies (UWI), Professor Gordon Shirley, to head a National Task Force (NTF) that will coordinate the critical infrastructural and labour factors regarding the logistics hub initiative. Prime Minister Portia Simpson Miller’s government has said that the initiative, which is…

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  • JAMAICA-POLITICS-Public Defender recommends Commission of Enquiry into Tivoli operation

    KINGSTON, Jamaica, CMC – Jamaica’s Public Defender, Earl Witter has recommended that a Commission of Enquiry be established to look into the incursion that took place in the Corporate Area community of Tivoli Gardens nearly three years ago as security officials went on the hunt for the then fugitive Christopher ‘Dudus’ Coke. Witter, in presenting the long awaited “Tivoli Report”…

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  • JAMAICA-BUDGET-Reactions to PM budget presentation

    KINGSTON, Jamaica, CMC – Leader of the main opposition Jamaica Labour Party (JLP), Andrew Holness has praised Prime Minister Portia Simpson Miller for what he says is a level of maturity in promising to consider suggestions from the opposition concerning the 2013/2014 budget. During her contribution to the debate on the J$531 billion (One Jamaica dollar = US$0.01 cents) budget…

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  • JAMAICA-ECONOMY-IMF approves new facility for Jamaica

    WASHINGTON, CMC – The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica. The four-year EFF will support the Jamaica government’s comprehensive economic reform agenda and forms a critical part of a total funding package of two billion US dollars from Jamaica’s multilateral partners including the World Bank and…

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  • BERMUDA-FINANCE-Bermuda to sign IGA tax information agreements with US and UK

    HAMILTON, Bermuda, CMC – Bermuda says it will sign an inter-governmental agreement (IGA) with the United States and Britain saying the decision will further cement the British Overseas Territory as a reputable jurisdiction for conducting business in a transparent manner. Finance Minister E.T. Richards said the accord with Washington follows widespread discussions with local stakeholders and US Treasury officials. He…

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