News

  • BAHAMAS-TAX-Government providing tax amnesty to property owners

    NASSAU, Bahamas, CMC – The Bahamas government is providing a tax amnesty to property owners ahead of the June 30 deadline. The government says effective immediately, the Real Property Tax Amnesty Programme could save home owners up to 50 per cent of the taxes owned to government if they make arrangements with the assessment team. But the government gave no…

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  • ANTIGUA-ECONOMY-IMF approves funds for Antigua and Barbuda

    WASHINGTON, CMC – The International Monetary Fund (IMF) says it is making available more than US$10 million to Antigua and Barbuda after completing review of the island’s economic performance under a three-year Stand By Arrangement (SBA) indicating also that the economy is showing signs of gradual recovery after three years of being stagnant. The IMF said it had also approved…

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  • BARBADOS-POLITICS-Regional leaders discuss wide ranging issues including

    CARICOM BRIDGETOWN, Barbados, CMC – Prime Minister Freundel Stuart hinting that the global economic crisis may have forced Caribbean countries to become more inward looking, says nonetheless the regional integration movement is “alive and well.”   “The perception that the (regional integration) process has slowed, I think, may have more to do with the fact that the stakeholder countries have…

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  • CARIBBEAN-HEALTH-US$87 billion needed to fight HIV/AIDS

    BRUSSELS, Belgium, CMC – The United Nations-backed Global Fund says it needs an estimated US$87 billion to bring under control the threat posed by HIV/AIDS, tuberculosis and malaria, during the 2014-2016 period, in the Caribbean and globally. “If we don’t seize this moment, we will be dealing with these diseases for generations,” said Mark Dybul, Executive Director of the Global…

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  • CARIBBEAN-ECONOMY-Caribbean shows comeback in growth performance

    WASHINGTON, CMC – The International Monetary Fund (IMF) says low-income countries (LICs), including the Caribbean, have “bounced back” in the past two decades. An analysis in the Washington-based financial institution’s latest World Economic Outlook (WEO) suggests that “dynamic low-income countries are on a stronger economic footing today than before the 1990s, and, therefore, better placed to stay on course.” After…

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  • CARIBBEAN-TRADE-CARIFORUM countries examine EPA Standby facility

    BRIDGETOWN, Barbados, Apr 12, CMC – Caribbean Forum (CARIFORUM) countries have been urged to take advantage of the standby facility for capacity building under the Economic Partnership Agreement (EPA) that was signed with the European Union in 2008. Addressing a Caribbean Development Bank (CDB) organised Technical Briefing Meeting on the EPA Standby Facility for Capacity Building, Clairvair Squires, said the…

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  • South Korea Moves to Defuse Tensions With the North

    SEOUL, South Korea — South Korea appeared to ease its stance on North Korea on Thursday by calling for dialogue to help defuse tensions, as its president moved to calm foreign investors whose confidence the North has tried to shake with increasingly belligerent maneuvers. “We hope the North Korean authorities come out to the dialogue table,” Unification Minister Ryoo Kihl-jae,…

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  • EDITORIAL: Tensions rise on Korean Peninsula

    BRIDGETOWN, Barbados, Nation News – Tensions in the Korean Peninsula must be of concern to all of us even though it is on the other side of the world. So much so that uncharacteristically China, North Korea’s only ally, was forced to speak out. China’s new President Xi Jinping, at an economic forum in Hainan Province, though not calling names,…

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  • South Korea says North likely to test-launch missile

    SEOUL/WASHINGTON, (Reuters) – South Korea said yesterday there was a “very high” probability that North Korea, after weeks of threats of war, would test-launch a medium-range missile at any time as a show of strength. Foreign Minister Yun Byung-se said South Korea had asked China and Russia to intercede with the North to ease tension that has mounted since the…

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  • Corbeaux deaths raise many environmental concerns

    PORT OF SPAIN, Trinidad and Tobago, Guardian – The sudden death of a few fish and 150 or so corbeaux may not seem to be particularly alarming—especially the latter, as they are considered by many to have only nuisance value and are not blessed with the aesthetics of other birds. This may be one reason why the response of the…

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