News

  • March 22, 2013
    853

    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
    805

    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
    829

    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
    865

    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
    825

    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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  • March 22, 2013
    869

    Police officer denies cavity search and mistreatment of Shanique Myrie

    BRIDGETOWN, Barbados, CMC -A police officer accused of conducting a cavity search on Jamaican Shanique Myrie vehemently denied the allegation as she took the stand before the Caribbean Court of Justice (CCJ) on Thursday. As the Barbados leg of the case wrapped up after four days of testimony, Constable Sirphene Carrington, an officer of the Royal Barbados Police Force with…

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  • March 22, 2013
    810

    Time to ‘get serious’

    BRIDGETOWN, Barbados – THE CARIBBEAN’S PREOCCUPATION with “leisure, pleasure and nice time” is hampering its productivity and progression, says Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves. Addressing the Caribbean Export Development Agency’s Exporters’ Colloquium at Hilton Barbados on Wednesday, he said people in the region were limiting themselves by not working hard enough and smart enough.…

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  • March 22, 2013
    912

    Former Premier declares innocence

    GEORGETOWN, Cayman Islands, Mar. 21, CMC – Former Premier of the Cayman Islands, McKeeva Bush has reiterated his innocence after being formally charged with two counts of misconduct on Wednesday. “I have done nothing illegal, and will defend every one of these charges. As I’ve stated since this campaign against me began over three years ago, I am innocent. I…

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  • March 22, 2013
    915

    Caribbean participates in UN-backed tsunami preparedness test

    UNITED NATIONS, CMC – Caribbean nations are participating in a full-scale tsunami alert exercise organized by the United Nations to test their reaction to a possible disaster. The exercise organized under the auspices of the Intergovernmental Oceanographic Commission of the UN Educational, Scientific and Cultural Organization (UNESCO) a ficticious earthquake measuring 8.5 on the Richter scale will strike 90 kilometres…

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  • March 22, 2013
    821

    Haitian president calls for investments in his country

    GEORGETOWN, Guyana – Haiti’s President and CARICOM Chairman Michel Martelly says his country is open for business. His declaration came on Thursday at a news briefing at the CARICOM Secretariat at Lilliendaal, East Coast Demerara. Martelly said they were looking to bring jobs into the country for their people as the country worked to recover from its economic turmoil.

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