News
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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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Caricom’s elusive transport agenda
PORT OF SPAIN, Trinidad and Tobago, Express- NOW THAT Carnival 2013 is over Trinidad and Tobago may well give some thought to last weekend's statement by Prime Minister Ralph Gonsalves of St Vincent and the Grenadines that this country is breaching Caricom's Revised Treaty in providing fuel subsidy support to state-owned Caribbean Airlines (CAL). Gonsalves currently wears two hats pertaining…
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‘Time hard and the dutty tough’, but…
KINGSTON, Jamaica, Observer – WE have a sense that the Government's version of JDX, being called the National Debt Exchange Offer, is a smart way to squeeze $17 billion annually out of the system, without sending the nation into panic. We will return to this tomorrow in this space. But at the same, we also have the sense that Monday…
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Our Hands Are Tied – Stakeholders Reluctantly Accept New Debt Exchange
KINGSTON, Jamaica, Observer – It was not a happy group inside the Bank of Jamaica Auditorium in Kingston yesterday morning as Prime Minister Portia Simpson Miller and Minister of Finance and Planning Dr Peter Phillips hosted the launch of the National Debt Exchange (NDX). The second of its kind in three years, Simpson Miller has indicated that the offer is…
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