News
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CARICOM HEADS VEX OVER CAL
PORT OF SPAIN, Trinidad – Shareholder governments of the regional airline LIAT say the T&T Government’s subsidy to State-owned Caribbean Airlines (CAL) is a violation of the Revised Treaty of Chaguaramas that governs CARICOM. Dr Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, speaking at the end of a shareholders’ meeting of LIAT in Barbados, said the subsidy…
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Government to disclose financial position of Caribbean Airlines
PORT OF SPAIN, Trinidad, CMC – Finance Minister Larry Howai is expected to detail the financial position of the state-owned Caribbean Airlines (CAL) on Tuesday amid media reports that the airline has had to write off millions of dollars in losses owing to mismanagement and credit card fraud. Howai is due to inform the Senate on the airline’s finances over…
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No-confidence motion debate on Monday
PORT OF SPAIN, Trinidad – Debate on the motion of no-confidence against Prime Minister Kamla Persad-Bissessar and the People’s Partnership Government is set for next Monday. Opposition Leader Dr Keith Rowley who filed the motion, was not prepared to comment on the view that the motion was frivolous. “I will make my case on Monday,” he said, adding that a…
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Canadian minister visiting Caribbean countries
BASSETERRE, St. Kitts, CMC – Canada’s Minister of State of Foreign Affairs Diane Ablonezy arrives here on Tuesday as part of a visit to seven Caribbean countries. Ablonezy will hold talks with Prime Minister Dr. Denzil L. Douglas during her two day visit. Ablonzey, who is now winding up a visit to the Bahamas, will also visit Antigua and Barbuda,…
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Regional foreign ministers urged to adopt new paradigm to global environment
PORT OF SPAIN, Trinidad, CMC –Caribbean Community (CARICOM) foreign ministers Tuesday began two days of discussions here amidst calls for the region to adopt a new paradigm in dealing with a changing global environment. “It is therefore critical that our diplomatic encounters must be able to advance and expand our own political and economic space and we must do so…
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Europe’s Careless Dithering
EUROPE’S economic problems are growing steadily worse, with unemployment in parts of the Continent now above the level reached in the United States during the Great Depression. Meanwhile, policy makers dither over solutions. Last week, the European Central Bank cut interest rates by a meager quarter of a percentage point, akin to giving two aspirin to a patient with pneumonia.…
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Extractive sector in focus at UWI conference
PORT OF SPAIN, Trinidad – The extractive sector—the mining, quarrying, dredging, oil and gas extraction industries—plays an important role in the global economic landscape, contributing significantly to the GDP of its host countries. These industries are capable of contributing to the sustainable development of communities and to the wider economy when interventions are implemented, taking into consideration the rights of…
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