News
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World Bank outlines “bold agenda” for ending extreme poverty in the Caribbean
WASHINGTON, CMC – The World Bank has outlined a “bold agenda” for ending poverty in the developing world, including the Caribbean. “We are at an auspicious moment in history when the successes of past decades and an increasingly favorable economic outlook combine to give developing countries a chance – for the first time ever – to end extreme poverty within…
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CAL ‘not strapped for cash’
cash’ PORT OF SPAIN, Trinidad – Caribbean Airlines is not cash-strapped, the airline’s vice-chairman, Mohan Jaikaran, said yesterday. Jaikaran’s statement comes on the heels of a report in the weekend Mirror that the carrier was seeking an immediate $100 million injection from the Government to pay suppliers and employees. “I do not know where anyone got that, but it is…
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Opposition Leader warns of more “unpleasant actions” from the United States
PORT OF SPAIN, Trinidad, CMC – The main opposition People’s National Movement (PNM) Tuesday predicted that the United States would implement “other unpleasant actions’ as it blanks the request from the Trinidad and Tobago government for information on whether or not National Security Minister Austin “Jack” Warner is the subject of a probe by the Federal Bureau of Investigation (FBI)…
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Government promises improved economic situation
BASSETERRE, St. Kitts CMC – Prime Minister Dr. Denzil Douglas is predicting an improved economic situation in St. Kitts-Nevis when he presents the federation’s national budget next Tuesday. “I must point out that our country’s current account surplus, the overall balance surplus, and the primary balance surplus …will all be realized even after the reduction in corporate taxes and these…
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Government seeking to get unions agreement on wage freeze
KINGSTON, Jamaica, CMC – The Jamaica government says it is continuing efforts for a wage restraint agreement within the public service, but not all unions have bought into the initiative which is seen as important to sealing a deal with the International Monetary Fund (IMF). Public Utilities Minister Horrace Dalley, said the three-year agreement, which was signed last month, will…
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Civil servants plan street protest in support of wage demands
CASTRIES, St. Lucia, CMC – Civil servants have voted to take to the streets on Thursday in support of their demands for increased salaries of more than four per cent that the St. Lucia government says it is not able to pay. The action by the Civil Service Association (CSA) also indicates a growing spilt within the Trade Union Federation…
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Jamaicans to know size of 2013/14 budget April 4
KINGSTON, Jamaica – Jamaicans will know what the Government intends to spend during the 2013/14 financial year on April 4, when Finance Minister Dr Peter Phillips tables the Estimates of Expenditure for that year in the House. Tabling of the Estimates will follow the State Opening of Parliament, when Governor-General Sir Patrick Allen will deliver the Throne Speech outlining the…
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Eating ourselves to death
PORT OF SPAIN, Trinidad – The figures have been known for some years now— over half of the adult population of Trinidad and Tobago is overweight. But a recent comparative statistic, which ranks T&T as the third fattest country in the world, emphasises just how dire this situation is. Such statistics should be taken with a pinch of salt (but…
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IMF, World Bank not doing enough for debtor countries
KINGSTON, Jamaica – IN recent years, the small states of the Caribbean have experienced low rates of economic growth, with the last rapid growth spurt in the 1980s that was fuelled mainly by expansion of tourism, banana exports and public investments. The slowdown that started in the 1990s was triggered by the loss of trade preferences for sugar and bananas,…
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