Archive | Caribbean News RSS feed for this archive

Bond Issues

by Afra Raymond One of the major issues facing the country as this recession unfolds is the pressing need to review the State Enterprise sector. A Cabinet-appointed committee, chaired by Dr Terrence Farrell, was established to examine the SOE sector, but we have no idea yet as to their recommendations. One of the hugest State […]

13 Comments Continue Reading →

RBC Chief Economist Reviews the Barbados Economy

“I think the most important number to watch right now is foreign reserves. Central Bank of Barbados (CBB) online data to February 2017 show that reserves declined by 29% year-over-year (y/y) to USD 329 million, which I estimate at roughly two months of imports. (2) that USD inflows raised from debt (from the development banks […]

228 Comments Continue Reading →

Stephen Lashley, Gimme $10.00

Members of the BU household love sports. As we type this blog we are congregated in front of the TV watching the Grenada Invitational. Those who cannot access ESPN 2 here is the link to the online stream. The image above shows an emotional coach of the St. Michael School athletic program being comforted by […]

193 Comments Continue Reading →

CL Financial Bailout – Fear of the Facts

“…Whilst in the last five-year administration, the management of Clico, CLF and the associated companies were shrouded in secrecy by the UNC administration, this PNM Government has no intention of operating in that manner. This Government will operate in an open, transparent and accountable manner as it has been doing…“ (The emphases are mine) —Extract […]

7 Comments Continue Reading →

LIAT Pilots Call for Sacking of Management

(St John’s, Antigua) The Leeward Islands Airline Pilots Association (LIALPA) unfortunately has no other choice but to call on the Shareholder Governments to remove the current LIAT management. We reluctantly make this call because we will not stand by and watch the airline’s financial health  continue to deteriorate at massive levels, to the point where […]

53 Comments Continue Reading →

Trinidad Source of Young Recruits to ISIS

Trinidad and Tobago is measured as 332 kilometres from Barbados. Given the rights of Caricom citizens to freedom of movement under the RTOC we need to put our gloves on in response to the news that Trinidad is a source of recruits for ISIS. BU shares the following article from the New York Times because […]

115 Comments Continue Reading →

Goodbye Derek Walcott

Submitted by DAVID  COMISSIONG One of my absolute favourite poems is Derek Walcott’s “The Schooner Flight”– the opening poem in the Walcott collection entitled “The Star-Apple Kingdom”. This classic Walcott poem is an extended meditation on the predicament and promise of our Caribbean Civilization as manifested in the tragic life story of “Shabine’– a “red […]

27 Comments Continue Reading →

De-Risking: The ‘Perfect Hurricane’ Threatening Caribbean IFCs

by caribbeantradelaw My latest publication is an article entitled “De-Risking: The ‘Perfect Hurricane’ Threatening Caribbean IFCs” in the forthcoming IFC Review 2017. It discusses the implications of the de-risking phenomenon for Caribbean international financial centres (IFCs) and some of the steps they have been taking to fight it. An excerpt from the article is as […]

7 Comments Continue Reading →

Is the Integrity Commission Being Blind Towards CL FINANCIAL?

by AfraRaymond Afra Raymond #14 Highsquare Condominiums, 1a Dere Street, Port-of-Spain 868 625 8168 afraraymond@gmail.com 5 May 2015 The Registrar, Integrity Commission of Trinidad & Tobago, Level 14, Tower D, International Waterfront Centre, 1A Wrightson Road, Port of Spain Dear Sir, FORMAL COMPLAINT Non-compliance of Directors of CL Financial Ltd and its subsidiaries with the […]

1 Comment Continue Reading →

Regional News: Digicel to Send Home Hundreds of Employees

Digicel preparing to fire several hundred employees globally Digicel – a major player in the mobile, broadband and tv market across several Caribbean countries – is preparing to fire several hundred employees over the next 18 months. A new org structure will see regional hubs  – two for the Caribbean and Central America and two […]

20 Comments Continue Reading →

Elombe Mottley Presents –How to Build Barbados Over the Next 50 Years

    FATPORK TEN-TEN PRODUCTIONS Present Baba Elombe (Elton D Mottley) In a National Conversation At the Barbados Workers Union Auditorium Hindsbury Road, Bridgetown On Thursday, March 2, 2017 at 7:30 pm About the future of your children Your survival as you age, and How to build Barbados over the next 50 Years. DON’T MISS […]

63 Comments Continue Reading →

Cuba and Caricom Reach Agreement to Expand Trade

The following was extracted from Caribbean Trade Law and Development website. It has been a while in coming but today the Caribbean Community (CARICOM) Secretariat announced in a press release that CARICOM and Cuba have finally agreed to expand the level of preferential access to each other’s markets as part of efforts to update the […]

48 Comments Continue Reading →

Open Letter to Central Bank Governor on CL Financial Bailout

We, the undersigned, have become very concerned about the direction of the “rescue” of CLICO et al after over eight years under the control of the Central Bank and the government. Our principal concern is at the apparent regulatory forbearance being exhibited by the Central Bank in this matter. Our further concerns relate to the […]

10 Comments Continue Reading →

Linden’s Mayor Forges Twinning With US City

Submitted by the CARIBBEAN GUYANA INSTITUTE FOR DEMOCRACY (CGID) BROOKLYN: The Mayor of Guyana’s second most populous municipality, the town of Linden, will on Saturday February 4, apprise Lindeners in New York City of plans to twin Newark City, New Jersey with his town, as well as on his agenda to create jobs and redevelop […]

3 Comments Continue Reading →

Bahamas Ranked Least Corrupt CARICOM Country

Posted to Caribbean Signal website According to our analysis of data released by Transparency International’s Corruption Perception Index 2016, Bahamas is the least corrupt CARICOM country ranked at 24 with a score of 66. After Bahamas, Barbados ranks 31 with a score of 61, and St. Lucia ranks 35 with a score of 60. For […]

8 Comments Continue Reading →

CEMEX TCL Takeover Bid Successful

The following article was extracted from Caribbean Signal website and should be of interest to the wider pubic given the cement debate in Barbados and the region – Barbados Underground Cemex, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today [24/1/2016] that its indirect subsidiary Sierra Trading (“Sierra”), having received the Foreign Investment License from the […]

5 Comments Continue Reading →

IMF Projects Low Growth for the Caribbean

The following report was extracted from the website caribbeansignal.com: “The IMF released its World Economic Outlook Update for January 2017 earlier today. The organization is projecting growth of between 3.4 and 3.6% in global output between 2017 and 2018, especially in emerging markets and developing economies. For Latin America and the Caribbean, projections range between […]

49 Comments Continue Reading →

David Comissiong Critiques Third World Performance

DAVID COMISSIONG  CRITIQUES  THIRD  WORLD  PERFORMANCE  AND  NATANGA  SMITH’S  REVIEW  OF  THE  CONCERT  IN  THE  NATION  NEWSPAPER As the whole of Barbados knows, I am a passionate believer in the valuableness and beauty of our Caribbean and Pan-African Civilization: and so, when I witness or experience an exemplary manifestation of that Civilization I am obliged […]

9 Comments Continue Reading →