News
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UNC will expel Jack
PORT OF SPAIN, Trinidad – Former Member of Parliament for Chaguanas West Jack Warner would face expulsion from the United National Congress (UNC) if he contests the by-election as an independent candidate. Prime Minister Kamla Persad-Bissessar yesterday said the party’s constitution does have certain sanctions and provisions that prevent a member from contesting a seat as an independent candidate. “The…
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IMF says Antigua made “excellent progress” in restoring debt sustainability
WASHINGTON, CMC – The International Monetary Fund (IMF) says Antigua and Barbuda has made “excellent progress” towards achieving its goal of restoring debt sustainability and macroeconomic stability. An IMF mission headed by Geoffrey Bannister has recently completed a review of the 2010 multi-million dollar Stand-By Arrangement (SBA) to the island. “On the fiscal side, the fiscal outturn for March 2013…
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Is Governor Rambarran being too optimistic?
PORT OF SPAIN, Trinidad – Once again Central Bank Governor Jwala Rambarran is predicting a level of growth in the economy which seems unrealistic. On the release of the April 2013 monetary report on Tuesday, the Governor projected a 2.5 per cent growth in gross domestic product for 2013. This comes after his projection last year that the economy would…
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Destruction of T&T’s banana market
PORT OF SPAIN, Trinidad – Gone are the days when every fruit vendor in T&T had a variety of bananas. Over the last few years, “sikyè”, “silk”, “gros michel”, and “lacatan” bananas are seldom seen in our market and local grocery. Why does T&T import thousands of tonnes of bananas annually when such a desired fruit can be grown locally?…
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US Vice President to visit Trinidad and Tobago
PORT OF SPAIN, Trinidad, CMC – United States Vice President Joe Biden is due here at the end of May, the US Embassy has confirmed. It gave no details on the proposed visit, but one local television station quoted Foreign Affairs Minister Winston Dookeran as saying that the visit is aimed at improving relations and cooperation with Trinidad and Tobago…
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Haiti travel getting competition
JetBlue Airways, the low-cost carrier that has become a major player in the South Florida and Caribbean market, said Thursday it plans to begin offering daily nonstop service to Port-au-Prince, Haiti, from New York and Fort-Lauderdale-Hollywood. The announcement of JetBlue’s continued expansion into the region comes as a new Haitian start-up prepares for its Mother’s Day inaugural flight from Nassau,…
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What’s wrong with Caribbean Airlines?
PORT OF SPAIN, Trinidad – Just as soon as the airline begins to show signs of fractured operations, there is a flurry of Caribbean government “actions”, and a plethora of expert articles on what ails the airline and what should be done to make it better. Almost no one seems to remember the principle of structured transformation: the time to…
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CAL Five Absent
PORT OF SPAIN, Trinidad – The board of Caribbean Airlines Ltd (CAL) did not meet yesterday as scheduled because vice-chairman Mohan Jaikaran and other directors were absent. Jaikaran, who is also the chairman of WIN Communications Ltd (WINTV), was among five directors who were a no-show yesterday. The other absentee directors were Gizelle Russell, Avedanand Persad, Venosh Sagewan-Maraj and the…
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