News
-
Opposition leader says PM mismanaged economy
KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace has accused Prime Minister Dr. Ralph Gonsalves of bringing the Vincentian economy to its worst state since the country gained independence in 1979. In an address to the New York chapter of the New Democratic Party (NDP), on Saturday, Eustace accused the current administration of mismanaging the economy. “Let him (Gonsalves)…
Read More » -
Max says farewell to troops
PORT OF SPAIN, Trinidad – GEORGE Maxwell Richards completed his decade-long tour of duty as the country's Commander-in-Chief with a final walk in front of his troops in a public ceremony held around the Queen's Park Savannah in Port of Spain yesterday. Richards, 81, a former principal of the University of the West Indies, St Augustine campus, became the country's…
Read More » -
St. Lucia company secures grant for regional projects
CASTRIES, St. Lucia CMC – A St. Lucia owned company Cellestial has been awarded an EC$1.3 million (US$500,000) grant to pursue innovative projects in the region. The company was selected from among thousands of applicants that were shortlisted to 7 finalists and then finally to winner status following months of investigation, heavy competition and deliberation. Regional Communications Ltd., Cellestial’s parent…
Read More » -
Finance Minister to present budget next Monday
GEORGETOWN, Guyana, CMC – Finance Minister Dr. Ashni Singh will on Monday March 25 present the national budget to the National Assembly. Singh said that the focus of the Donald Ramotar government will be to continue with the acceleration of economic growth and social development, with emphasis on macroeconomic stability and preserving the conditions that are conducive to attracting investment,…
Read More » -
We must protect our nations
KINGSTON, Jamaica – HAS anybody noticed how unelected bodies like the International Monetary Fund, the European Union, the United Nations, World Bank and others are encroaching on the Legislative Agenda of some nations of the world? These organisations are able to determine what legislations are established, by tying their support, grants and loans to us, passing certain laws whether we…
Read More » -
Major credit rating agency says Grenada default has negative implications for ECCU
NEW YORK, CMC – A major international credit rating agency says the liquidity crisis leading to Grenada’ default on its US and Eastern Caribbean (EC) dollar bonds is “credit negative” for the country and elevates the risk of distress spilling over to member countries in the Eastern Caribbean Currency Union (ECCU). The newly-elected Dr. Keith Mitchell administration in Grenada said…
Read More » -
Billions expected from the Caribbean’s first gold refinery
PARAMARIBO, Suriname, CMC- The Government of Suriname has embarked on a joint venture with the Kaloti Group of Dubai to establish the first gold refinery in the Caribbean. The refinery that is being built near the village of Wit Santi, close to the country’s International Airport, is expected to start operating by next year and produce as much as US$2.77…
Read More » -
Germany to fund Climate adaptation programme in four countries
BELMOPAN, Belize, CMC – The Caribbean Community Climate Change Centre (CCCCC) and the German Financial Cooperation (KfW) have signed a programme geared towards reducing the risks of climate change on the Caribbean’s coastal population. The approximately six year Ecosystem-Based Approaches for Climate Change Adaptation in Coastal Zones of Small Island Developing States in the Caribbean (EBACC) programme, which is slated…
Read More »