News
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Brother: Chavez expected to return home
CARACAS, Venezuela (AP) — One of Hugo Chavez's brothers says the Venezuelan president is expected to return home from Cuba in the coming days as he continues to recover nearly six weeks after undergoing cancer surgery. Argenis Chavez is one of the president's five brothers and the president of the National Electric Corporation.
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PM says she has no quarrel with Integrity Commission
PORT OF SPAIN, Trinidad, CMC – Prime Minister Kamla Persad Bissessar says she has “no quarrel” with the Integrity Commission after it wrote President George Maxwell Richards seeking its support following open criticism from the head of the coalition government in Trinidad and Tobago. In a statement, the Commission made reference to remarks by Prime Minister Persad Bissessar that it…
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World has not escaped risk of collapse
KINGSTON, Jamaica – The world has not yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, the founder of the World Economic Forum (WEF) told The Associated Press on Monday. Swiss economist Klaus Schwab, speaking on the eve of the elite annual gathering in the Swiss mountain resort of Davos, called…
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Montserrat budget comes under British scrutiny
BRADES, Montserrat, CMC – Officials from the Britain’s Department for International Development (DFOD) will on Thursday begin a review of Montserrat’s national budget, according to an official statement issued here. It said that the review “will look at the projections for expenditure and revenue for the government in the coming financial year which begins in April” adding “it is also…
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PM hints at taking labour dispute to arbitration
CASTRIES, St. Lucia, CMC – Prime Minister Dr. Kenny Anthony has cautioned public service unions here that if common ground cannot be met in on-going negotiations, his administration would have no option but to consider taking the matter to arbitration. Two weeks after the parties returned to the negotiating table, they remain at odds over the wage increases for the…
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US-based rating agency revises Jamaica’s economic outlook to stable
NEW YORK, CMC – Fitch Ratings has upgraded Jamaica’s economic outlook from negative to stable and also affirmed the island’s long-term foreign and local currency Issuer Default Ratings (IDRs). “Jamaica's ratings balance the sovereign's structural strengths, such as relatively high income per capita and social indicators, policy consensus and relatively strong institutional capacity against continued growth underperformance, high vulnerability to…
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Government launches investigation into latest oil spill
NASSAU, Bahamas, CMC – The Bahamas government says it has launched an investigation into an oil spill incident over the weekend even as Environment Minister Kenred Dorsett said that the spill had been contained. Dorsett said that more than 200 gallons of fuel had been released into the sea at the Freeport Harbour due to an incident involving an overflow…
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‘TCL can’t keep raising prices’
PORT OF SPAIN, Trinidad – Trinidad Cement Ltd (TCL) cannot just keep raising prices every year, ANSA McAL's chief operating officer Gerry Brooks has said. Brooks told reporters on Friday at the ANSA Coatings Award ceremony, Hyatt Regency (Trinidad) hotel, Port of Spain that what the company needs is a restructuring plan with a clear business plan. Brooks said the…
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Cadiz in Bahamas for regional airlift talks
PORT OF SPAIN, Trinidad – Minister of Tourism Stephen Cadiz is in the Bahamas for the Caribbean Travel Marketplace and to convene with the Caribbean Tourism Organisation (CTO) Aviation Committee and discuss opportunities for increase of airlift to the region. The minister, upon landing at the Lyndon Pindling International Airport, headed directly to a meeting of the Council of Tourism…
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Regional leaders urged to convene summit on tourism
NASSAU, Bahamas, CMC – Regional tourism officials are calling on Caribbean heads of government to convene a regional summit on tourism within the next six months to discuss key issues affecting the industry. In a resolution approved by the Caribbean Hotel and Tourism Association's (CHTA) board of directors on Sunday, the Caribbean leaders are being urged to consider with industry…
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