News
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European Union providing budgetary funds to St. Kitts-Nevis
BRIDGETOWN, St. Kitts, CMC – The European Union says it has provided Euro 15 million (One Euro = US$1.34 cents) in budgetary support to the St. Kitts-Nevis government over a three month period last year. An EU statement said that the grant aid is aimed at assisting the country in diversifying its economy away from sugar into value added and…
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Caribbean urged to strengthen relationship with Europe
SANTIAGO, Chile, CMC – The head of the Economic Commission for Latin America and the Caribbean (ECLAC) has called on the region to build a “more symmetrical, balanced and equitable relationship with Europe.” “We want foreign investment that helps us modernize our production structure, that contributes to employment, that helps us care for the environment and that respects social rights,”…
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CCJ President welcomes plans to cut ties with UK based Privy Council
ROSEAU, Dominica, CMC – President of the Caribbean Court of Justice (CCJ), Sir Dennis Byron has welcomed the decision made by the Government of Dominica to sever ties with the London based Privy Council in order join the Trinidad based Caribbean Court of Justice. “The decision taken by the Government of Dominica to join the CCJ is timely. And the…
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Stanford ex-CFO gets five-year prison sentence
HOUSTON (Reuters) – James Davis, the government’s top witness in convicted swindler Allen Stanford’s fraud trial, was sentenced today to five years in prison for his role in a $7 billion Ponzi scheme. Davis, 64, who pleaded guilty in 2009 to three charges and could have been sentenced to 30 years, told the court in a breaking voice, “I am…
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Passion for Windies cricket alive again: WICB president
West Indies Cricket Board (WICB) President Julian Hunte says sold-out matches in the just concluded Caribbean T20 tournament is proof that passion for West Indian cricket has rekindled. Fans were turned away on certain nights at the Queen's Park oval in Trinidad and at the Beausejour Cricket Ground in St.Lucia where the matches were played, reports CMC. “There can be…
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Opposition dismisses spending on consultants as ‘fairytale numbers’
HAMILTON, Bermuda, CMC – The main opposition Progressive Liberal Party (PLP) has dismissed claims by Premier Craig Cannonier that it spent “upwards of US$100 million a year on consultants”. PLP chairman Maynard Dill described the claims as “fairytale numbers” indicating that figures released on the website of the Ministry of Finance showed the figure to be $50.7 million for the…
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Government wants one regulator to monitor telecom sector
KINGSTON, Jamaica, CMC – The Jamaica government says it is committed to the establishment of a single regulatory body to monitor the telecommunication sector here. “We do intend to now have a single regulator for all aspects of telecommunications. We now have the OUR (Office of Utilities Regulation), the Broadcasting Commission and the Spectrum Management Authority as three bodies that…
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