News
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Reducing debt, improving economic growth
NASSAU, Bahamas, CMC – Prime Minister Perry G. Christie has outlined measures which he said is aimed at allowing his administration to lower debt and increase the prospects for economic growth in The Bahamas. In a statement outlining the 2012-13 mid-year budget, Christie told legislators that in order to achieve these initiatives, recurrent revenue will be significantly and structurally enhanced…
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BAHAMAS-ECONOMY-Government announces new initiatives to reduce debt, stimulate economy
NASSAU, Bahamas, CMC – Prime Minister Perry G. Christie has outlined measures which he said is aimed at allowing his administration to lower debt and increase the prospects for economic growth in The Bahamas. In a statement outlining the 2012-13 mid-year budget, Christie told legislators that in order to achieve these initiatives, recurrent revenue will be significantly and structurally enhanced…
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Russia to partially write off Cuba’s US $25 billion debt
HAVANA, Cuba, CMC – Russia’s Industry and Trade Minister Denis Manturov says his country will forgive part of Cuba’s US$25 billion Soviet-era debt and restructure the rest as part of agreements that include Havana getting Russian jetliners worth US$650 million. On an official visit here, Manturov told reporters that Deputy Foreign Minister Sergei Ryabkov and Ricardo Cabrisas, vice president of…
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US denies plans to remove Cuba from terror list
WASHINGTON, CMC – The United States has denied reports that it plans to remove Cuba from a list of countries that support terrorism. “I saw that report. Let me say firmly here it is incorrect,” US State Department spokesperson Victoria Nuland told reporters here. “This department has no current plans to remove Cuba from the state sponsor of terrorism list.…
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Raul Castro re-elected for second term
Cuban President Raul Castro has been re-elected for a second five-year term. The 612-member National Assembly of People's Power Sunday elected Castro, who turns 82 in June, as president of the State Council, Xinhua reported. “The National Assembly of People's Power today approved, in this capital, Army General Raul Castro Ruz as president of the Council of State, and elected…
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Lloyd’s failure to get seconder unbelievable
GEORGETOWN, Guyana – IT is unbelievable that former Guyana and West Indies cricket captain Clive Lloyd has failed to get a seconder as a nominee for the presidency of the West Indies Cricket Board (WICB). One would have thought that Lloyd who led the West Indies cricket team for over a decade as the number one in the world and…
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Government responds to controversial German advertisement
KINGSTON, Jamaica, CMC – The Government has responded to concerns surrounding the controversial advertisement by German appliance company Saturn, which includes images showing the improper handling of the Jamaican flag. A statement from the Ministry of Foreign Affairs on Saturday said the commercial appears to be well intentioned, as it seeks to use the powerful symbolism of Brand Jamaica to…
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Former top cop murdered
KINGSTON, Jamaica, CMC – Commissioner of Police Owen Ellington has described as “shameless, heartless and senseless” the murder of retired deputy superintendent of police, Denzil Boyd, 63, who was shot and killed at his home in the Corporate Area on Sunday. The murder of the well-known former crime fighter has sparked anger among members of the police force, with the…
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