News

  • January 16, 2013
    876

    Petition to exonerate Marcus Garvey moves to US Congress

    MIAMI, CMC – A Miami-based group spearheading an initiative to exonerate Jamaican Marcus Garvey has expanded its online petition to the US House of Representatives. The Coalition for the Exoneration of Marcus Garvey, Jamaica’s first National Hero, said it is urging the US Congress to clear his name once and for all. Geoffrey Philp, a spokesman for the group, said…

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  • January 16, 2013
    837

    New ball for the Windies?

    BRIDGETOWN, Barbados – In 2005, West Indies cricket took an exciting turn with the launch of the Stanford 20/20 tournament, and later the Stanford Super Series. These competitions injected new life into the standing of the game throughout the region, with its big entertainment factor and, of course, mind-boggling prize monies. Fears about the future popularity of cricket subsided, as…

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  • January 16, 2013
    807

    Government moves to restrict granting of waivers

    KINGSTON, Jamaica, CMC – The Jamaica government says it will soon move to restrict the discretionary power of the finance minister to grant waivers. Finance and Planning Minister Dr. Peter Phillips says a comprehensive review of the discretionary power of the Minister of Finance to grant waivers has been completed, with a view to improving the efficiency of the tax…

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  • January 16, 2013
    915

    St. Lucian appointed CCRIF first full time CEO

    GRAND CAYMAN, Cayman Islands, CMC – The regional governments owned Caribbean Catastrophe Risk Insurance Facility (CCRIF) says it has appointed St. Lucian Isaac Anthony as its first full time chief executive officer. Anthony, a former senior public servant, has served on the boards of key regional financial institutions, including the Barbados-based Caribbean Development Bank (CDB). He took up his new…

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  • January 16, 2013
    785

    EDITORIAL – Cabinet getting on track

    KINGSTON, Jamaica – They didn't accomplish as much as they should have, but enough for us not to insist that the Cabinet head back into a special session to get the job done. We now know that the International Monetary Fund (IMF) wants the Government to be more aggressive about its primary surplus. The target for the next three fiscal…

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  • January 16, 2013
    771

    Opposition moves to block Premier from contesting elections

    CHARLESTOWN, Nevis, CMC – The main opposition Concerned Citizens Movement (CCM) has filed an injunction seeking to prevent Premier Joseph Parry and his deputy, Hensley Daniel from contesting the January 22 Nevis Island Administration (NIA) elections. The CCM said that the injunctions were based on the court ruling in the recent election petition case that made both men ineligible to…

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  • January 16, 2013
    805

    Managing Jamaica’s economy

    GEORGETOWN, Guyana – As the year turned and Prime Minister Portia Simpson-Miller addressed the people of Jamaica, their main concerns seem to have been to hear from her some indication of when, and on what basis, the now prolonged discussions with the International Monetary Fund (IMF) would be concluded. But this was not to be, and the government’s negotiations, led…

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  • January 16, 2013
    789

    Barbados predicts modest economic growth for 2013

    BRIDGETOWN, Barbados, CMC – Barbados is forecasting less than one per cent real economic growth for 2013 up from “no real growth” last year. The Central Bank of Barbados said that the 0.7 per cent forecast for this year is based on the most recent forecast by the International Monetary Fund (IMF) of average growth of 1.7 per cent for…

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  • January 16, 2013
    785

    Zero growth

    BRIDGETOWN, Barbados – The Barbados economy had a dismal performance in 2012, registering no growth, and the Central Bank is predicting hardly any increased economic activity in the country this year. Central Bank Governor Dr DeLisle Worrell delivered the disappointing news yesterday in his review of the economy for last year and his projections for the next 12 months.

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  • January 16, 2013
    828

    Opposition Leader brushes aside suggestions of economic growth

    KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace Tuesday brushed aside predictions by Prime Minister Dr. Ralph Gonsalves that St. Vincent and the Grenadines would record economic growth in 2013, saying the economy is worse than the country is being made to believe. Responding to the EC$799.1 million (One EC dollar = US$0.37 cents) national budget presentation on Monday…

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