News
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Will Trinidad and Tobago lead the Caribbean?
KINGSTON, Jamaica – THERE is an unfortunate pride that is linked to owning national airlines in the Caribbean. It is a pride that goes before a fall. Successive Jamaican governments held on to Air Jamaica although the airline bled money and depended heavily on massive financial support from taxpayers. The taxpayers' money could have been used to finance sustainable projects…
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Warner in destabilising role of insider/outsider
PORT OF SPAIN, Trinidad – Trinidad and Tobago has now been challenged to entertain the prospect of a Jack Warner scenario that is still being scripted. Such is the outcome, first, of the unfolding of increasingly devastating revelations and events and, then, of his own calculating responses. His resignations from high FIFA and international football positions, from the T&T Cabinet,…
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I acted alone
PORT OF SPAIN, Trinidad – Prime Minister Kamla Persad-Bissessar said she was not pressured by any Government minister into accepting the resignation of former minister Jack Warner. The Prime Minister returned from Canada on Saturday night and said it was in fact the Concacaf findings and report by Sir David Simmons, a former chief justice and attorney general of Barbados,…
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Australia to help Caribbean deal with climate change issues
BELMOPAN, Belize, CMC – Australia will use its expertise in guiding the Caribbean adapt to climate change and manage its coral reefs. Coral reefs provide benefits to the Caribbean valued at over four billion annually. The reefs of the Caribbean are of great importance in providing shoreline protection, habitat for healthy fisheries and an essential attraction for the tourism sector,…
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ACCA Caribbean study: Credit crunch lowers confidence
PORT OF SPAIN, Trinidad – Confidence is low among Caribbean businesses, with only the largest companies reporting signs of an upward swing in prospects for the future, according new research. The Global Economic Conditions Survey from ACCA (Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA), which gauges the views of finance professionals across the world, revealed…
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IDB: Remittances sent to Latin America and the Caribbean on the upswing
Remittances sent to Latin America and the Caribbean grew less than 1 percent in 2012 but showed larger increases in countries more dependent on money sent home by migrants living in the United States, according to an Inter-American Development Bank study released Monday. Last year, the region received $61.3 billion in remittances — the money sent by migrants to sustain…
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IMF sees strong growth, lingering risks in the Caribbean
WASHINGTON, CMC – The International Monetary Fund (IMF) says the Caribbean and other low-income countries are among the fastest-growing economies in the world, but warn that many remain vulnerable to shocks and spillovers from advanced and emerging markets. “Low-income countries have worked to develop institutional capacity and build fiscal buffers that they were able to use during the crisis, and…
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Looking beyond populism in Latin America
America GEORGETOWN, Guyana – With Nicolás Maduro’s narrow victory in Venezuela’s presidential election still being contested by the Venezuelan opposition, even though he has already been sworn in as president, there is a growing feeling that, with a majority of only 50.7 per cent of the popular vote, the self-styled ‘son’ and heir of Hugo Chávez may well be in…
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