News

  • March 22, 2013
    782

    Opposition to fill three seats in Senate

    ST. GEORGE'S, Grenada, CMC – Three former ministers of the opposition National Democratic Congress (NCD) will be appointed to the Senate to fill the three opposition seats in the Upper House of Parliament. According to media reports, former Finance Minister Nazim Burke, former Education Minister Franka Bernardine and former Tourism Minister, Dr. George Vincent are set to receive their instruments…

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  • March 22, 2013
    788

    Focus on water co-operation

    BRIDGETOWN, Barbados – Throughout the ages, man has held water as the most precious natural resource on earth; and rightfully so, since water is the source of all life on this planet and, coincidentally, it is only on earth that one can find this liquid. For such a simple chemical structure, water has led to many complicated challenges with regard…

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  • March 22, 2013
    784

    St. Lucia PM wants greater role for WINFESH

    CASTRIES, St. Lucia, CMC – Prime Minister Dr. Kenny Anthony says the Windward Islands Banana Production and Marketing Company (WINFRESH) has a “moral” obligation to ensure the survival of the banana industry in the St. Lucia, Dominica, Grenada and St. Vincent and the Grenadines. Addressing the opening session of the Windward Islands Agriculture and Bananas Technical Management Symposium, Prime Minister…

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  • March 22, 2013
    802

    CTO focusing on TSAs

    BRIDGETOWN, Barbados – THE Caribbean Tourism Organisation (CTO) is charting the way forward in establishing and maintaining a well co-ordinated system of Tourism Satellite Accounts (TSAs) in the Caribbean. The objective of the TSAs is to help strengthen the capacities of the governments to assess the impact of tourism on the Caribbean economies through accurate and timely provision of information,…

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  • March 22, 2013
    746

    OECS Assembly to sit on March 26

    26 CASTRIES, St. Lucia, CMC- Nearly eight months after its official launch the OECS Authority has scheduled a sitting of the OECS Assembly for March 26. The Castries based OECS Secretariat has announced t hat in preparation for this sitting a seminar has been planned to facilitate discussion of the Rules of Procedure for the OECS Assembly and aspects of…

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  • March 22, 2013
    816

    Kuwait Fund lifts Grenada suspension

    ST.GEORGE’S, Grenada, CMC – A senior Government Minister has announced that the Keith Mitchell administration secured a suspension of funds lifted by a major funding agency in Grenada. Works Minister Gregory Bowen on Thursday announced that the Kuwait Fund has agreed to lift a suspension imposed on Grenada since February 2012 after the country failed to make payment on outstanding…

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  • March 22, 2013
    770

    Chamber of Commerce says no IMF deal before April

    KINGSTON, Jamaica, CMC – President of the Jamaica Chamber of Commerce (JCC), Francis Kennedy says it is highly unlikely that the country will seal a deal with the International Monetary Fund (IMF) before the end of next month. On Tuesday Finance Minister, Dr. Peter Phillips said he was still hopeful that Jamaica's IMF programme will be approved before the end…

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  • March 22, 2013
    786

    Stimulus welcome, but heed auditor

    BRIDGETOWN, Barbados – The Estimates debate has taken pride of place during this week as the Lower House has debated the economy against the backdrop of the Minister of Finance’s presentation to the House. Perhaps the most important development has been the announcement by the Finance Minister that a stimulus of $600 million will be adopted as part of the…

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  • March 22, 2013
    828

    Howard slams stimulus plan

    BRIDGETOWN, Barbados – ECONOMIC MADNESS! That’s how economics Professor Michael Howard has described Government’s proposed $600 million economic stimulus, warning that the country simply cannot afford it. And he has suggested that given the “weakness of our productive sectors, our large fiscal deficit, our sluggish tax receipts and our downgrade to junk status”, a policy of austerity and expenditure reduction…

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  • March 22, 2013
    778

    Serious crimes trend down

    NASSAU, The Bahamas, CMC – The Bahamas has recorded a decrease in serious crimes since the start of the year. This includes a 24 per cent decrease in the number of murders “despite the recent reports of murders that we have heard about.” There has also been a 16 per cent drop in Crimes Against Property. Nottage said the downward…

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