Trinidad and Tobago
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CAL’s constant indebtedness
PORT OF SPAIN, Trinidad – Just six years after it was created to replace its debt-ridden predecessor, BWIA, state-owned Caribbean Airlines (CAL) is facing severe financial turbulence. There are reports of a $500 million debt that the airline is seeking to address with long-term financing from local banks. The carrier’s latest financial statements show that CAL’s losses almost doubled from…
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T&T, Guatemala signs Aide-Memoire
PORT OF SPAIN, Trinidad – After two days of extensive dialogue and negotiations, T&T and Guatemala have concluded their final round of negotiations with the signing of an Aide-Memoire on Wednesday at the Ministry of Trade in Port-of-Spain. The Aide-Memoire summarised the items discussed, amended and agreed to over the two-day negotiating period. Present to oversee the signing was the…
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Company files lawsuit against Warner
PORT OF SPAIN, Trinidad, CMC – Former vice president of the International Football Federation (FIFA), Austin “Jack” Warner is due to appear in court on September 25 after a company filed a lawsuit claiming that it is owed money for work done during the 2010 FIFA Under-17 Women's World Cup here. Imamuddin Baksh the managing director of Graphix Advantage Ltd,…
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PM looking at CARICOM-US summit
PORT OF SPAIN, Trinidad- Prime Minister Kamla Persad-Bissessar yesterday explored the possibility of holding a CARICOM-US summit in T&T, according to a statement from the Office of the Prime Minister. Persad-Bissessar did so in Washington yesterday when she met with US Deputy Secretary of State William Burns to discuss ongoing bilateral issues. She is in the US attending an OAS…
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PM: US needs to do more for Caribbean
PORT OF SPAIN, Trinidad- Prime Minister Kamla Persad-Bissessar yesterday met with United States Deputy Secretary of State William Burns to discuss ongoing bilateral issues. According to a release from the Prime Minister’s office, the PM and Burns addressed several important matters affecting Trinidad and Tobago and the region, among them the US Foreign Account Tax Compliance Act (FATCA), which was…
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Sympathy for Boston
PORT OF SPAIN, Trinidad – he savage attack on the crowds viewing and participating in the Boston Marathon on Monday was a ruthless assault on innocents that will serve to remind all in authority in democratic nations that cowardly attacks on civilians remain the most potent weapon in the arsenal of terrorists. To date, no one has come forward to…
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Hopes, challenges with Maduro
PORT OF SPAIN, Trinidad – WELL, the fierce battle to elect a successor to the late president Hugo Chavez is over. However, a heavy cloud of uncertainty hangs over Venezuela amid official arrangements for Friday’s oath-taking ceremony of Nicolas Maduro as new Head of State of that influential oil-rich nation of the Greater Caribbean region. While he was Chavez’s candidate…
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Cariled gets new director
PORT OF SPAIN, Trinidad – The Caribbean Local Economic Development Project (Cariled) has a new programme directo. Alix Yule will direct the six year CIDA funded Local Economic Development (LED) project within 14 Caribbean countries. She will first be based at the Federation of Canadian Municipalities (FCM) headquarters in Ottawa, Canada. Yule brings a wealth of knowledge to Cariled with…
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T&T, Guatemala negotiate Partial Scope Agreement
PORT OF SPAIN, Trinidad – Senior government officials are in the final leg of negotiations with Guatemalan officials to sign off on a Partial Scope Agreement. The T&T delegation includes senior officials of the Ministry of Trade, Industry and Investment; the Customs and Excise Division of the Ministry of Finance and the Economy, Solicitor General Department, Ministry of Food Production,…
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New initiatives to spur air links development in the Caribbean
PORT OF SPAIN, Trinidad, CMC –Aviation officials from the Caribbean Community (CARICOM) and South America will meet here in May to discuss initiatives aimed at developing air links between the regions, Trinidad and Tobago’s Foreign Minister Winston Dookeran has said. Addressing the opening of the 14th annual Caribbean Conference on Sustainable Tourism Development (STC-14) here on Monday night, Dookeran, said…
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