News
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ST. LUCIA-DEVELOPMENT-PM wants a revisit of policies for assistance to Small Island developing state
CASTRIES, St. Lucia, CMC –Prime Minister Dr. Kenny Anthony says Eastern Caribbean countries are being punished because of their socio-economic development. He was making reference to the decision by lending institutions and other organisations to label St. Lucia and other Caribbean countries as middle income nations thereby denying them access to grants and concessionary financing. Speaking at the launch of…
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Will ‘Made In Haiti’ Factories Improve Life In Haiti?
(Caribbean News) – Three years after the devastating Port-au-Prince earthquake, one of the largest international relief projects in Haiti isn't anywhere near where the quake hit. It's an industrial park on the north coast halfway between Cap-Haitien and the border with the Dominican Republic. Aid agencies are pouring millions of dollars into the project to encourage people to move out…
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GRENADA-POLITICS- PM pleased with OAS Mission findings
ST. GEORGE’S, Grenada, CMC – Grenada’s Prime Minister Tillman Thomas has expressed appreciation to the Organization of American States (OAS) for the mission’s “speedy response” to his request to provide technical support to validate and verify the integrity of the new voter registration system. Thomas’ request was aimed at ensuring that the upcoming general elections in Grenada are held in…
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BELIZE-ECONOMY-Parliament gives nod to restructured super-bond
BELMOPAN, Belize, CMC – Parliament has given the nod to the terms of a restructured one billion dollar (One Belize dollar = US$0.49 cents) super-bond even as opposition legislators complained of the “arrogant and reckless” position of the government and being kept in the dark over the new initiative. Prime Minister Dean Barrow, who last December said that an agreement…
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BAHAMAS-POLITICS-Bahamas praises Ireland for contribution to Caribbean development
NASSAU, Bahamas, CMC – The Bahamas has praised Ireland for its contribution to the development of the Caribbean Community (CARICOM) saying it is also playing a pivotal role in the island’s accession to the World Trade Organization (WTO). Foreign Affairs Minister Fred Mitchell said the establishment of an Irish consulate here will further deepen diplomatic relations between the countries since…
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CGX announced that it has begun drilling for oil in the Eagle-1 Well in its 100% owned and operated Corentyne Petroleum Prospecting Licence – the same spot it was evicted from by Surinamese gunboats 12 years ago.
CGX announced that it has begun drilling for oil in the Eagle-1 Well in its 100% owned and operated Corentyne Petroleum Prospecting Licence – the same spot it was evicted from by Surinamese gunboats 12 years ago. CGX’s rig is the second to be drilling for oil simultaneously offshore Guyana, a first for this country. CGX also has a 25%…
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European stocks up on G7 currency pledge
LONDON—A pledge by the Group of Seven most powerful economies to not intentionally weaken their currencies pushed stocks higher on yesterday while dragging the dollar lower against the Japanese yen and the euro. The G-7 nations, which include the US, Japan and Germany, said their economic policies should be “oriented towards meeting domestic objectives and not towards setting specific exchange…
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