DAILY NEWS

Caribbean Development Bank signs US$20M loan agreement with IDB for small Caribbean economies

BRIDGETOWN, Barbados, Wednesday May 22, 2013 - The Inter-American Development Bank (IDB) signed today a US$20 million for a Global Loan Program with the Caribbean Development Bank (CDB) for projects in the four IDA-eligible Organization of Eastern Caribbean States (OECS) member countries. This loan was approved Monday by the CDB's board... read more

Senate panel approves major overhaul of US immigration

(IRISH TIMES)/Photograph: Drew Angerer/The New York Times
WASHINGTON D.C., United States, Wednesday May 22, 2013 -
Senate Judiciary Committee chairman Patrick Leahy, left, and Senator Chuck Schumer, centre, shake hands with supporters after the committee approved legislation to overhaul US immigration laws, in Washington, last night... read more

U.S. doctors indicted for federal tax crimes in the Caribbean

United States, Tuesday May 21, 2013, CMC – The United States Department of Justice (DOJ) says a federal grand jury has indicted a married couple for federal tax crimes in the Caribbean. The DOJ said that David Leon Fredrick and his wife Patricia Lynn Hough were indicted for conspiring to defraud the Internal Revenue Service (IRS) by concealing millions of dollars in assets and income in offshore bank accounts at UBS and other foreign banks... read more

Caribbean to dominate global saving - World Bank

WASHINGTON, May 19, CMC – A new World Bank report predicts that in less than a generation, the Caribbean will be among developing countries dominating global saving and investment. The World Bank's Global Development Horizons (GDH) report says that by 2030, half the global stock of capital, totaling US$158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America and the Caribbean accounting for the largest shares... read more

Quotable Caribbean

"This is a very exciting development and we are pleased that Seaborne Airlines has taken over the San Juan-Fort-de-France route, allowing convenient connections with major US cities and the Caribbean. This new route, thanks to the interline agreement with American Airlines, will also allow more possibilities for Martinique locals to travel to North America." - Karine Roy-Camille, Tourism Commissioner, Martinique "We applaud JetBlue's decision to begin flights between JFK and Fort Lauderdale to Port-au-Prince, Haiti, as of December 2013. This news is welcomed by the Haitian community which has been waiting for the happy day when we can enjoy JetBlue's award-winning service... read more

Copyright infringement warning

NEW YORK, May 16, CMC - The Office of the U.S. Trade Representative (USTR), has placed Barbados and Trinidad and Tobago on a watch list of countries that have failed to make the adequate copyright payments for U.S. musical compositions aired in the broadcast media. The USTR also decided to retain Jamaica although the country has taken steps to enforce regulations related to copyright payments... read more

Caribbean Airlines records estimated losses of US$70m

PORT OF SPAIN, Trinidad, Thursday May 16, 2013, CMC – The state-owned Caribbean Airlines (CAL) recorded losses estimated at US$70 million last year, Finance Minister Larry Howai has said. He told the Senate on Tuesday that the figure does not include the US$40 million in fuel subsidy to the airline even though he insists that the airline remains solvent... read more

BELIZE Government announces investigation into destruction Maya archaeological site

BELMOPAN, Belize, Wednesday May 15, 2013, CMC – The Belize government says it has launched a "vigorous" investigation into the into the circumstances surrounding the near total destruction of the Maya archaeological site known as Noh Mul in northern Belize... read more

T&T Government to disclose financial position of Caribbean Airlines

PORT-OF-SPAIN, Trinidad, Tuesday May 14, 2013, CMC – Finance Minister Larry Howai is expected to detail the financial position of the state-owned Caribbean Airlines (CAL) on Tuesday amid media reports that the airline has had to write off millions of dollars in losses owing to mismanagement and credit card fraud... read more

Haiti lawyers give UN cholera compensation deadline

NEW YORK, United States, May 13, CMC – A United States-based human rights group has given the United Nations 60 days to reach a compensation deal or face a lawsuit from victims of Haiti's cholera epidemic.The United Nations has already indicated that it is immune from legal action over the epidemic that afflicted some half a million people. read more

Dominica issues warning relating to companies seeking to destroy banana industry

ROSEAU, Dominica, May 10, CMC – Dominica has launched a scathing attack on countries and companies seeking to destroy the local banana industry as the European Union launched an EC$54 million (One EC dollar = US$0.37 cents) banana support package to help the island adjust to the new trading arrangements for bananas... read more

US vice president scheduled to visit Trinidad to meet CARICOM leaders

PORT OF SPAIN, Trinidad, May 8, (CMC) – United States Vice President Joe Biden is due here for talks with Caribbean Community (CARICOM) leaders as part of a three-nation tour in May, the Office of the Prime Minister here has said... read more

CARICOM has reiterated the need for an amicable solution to the rum dispute with the United States

GEORGETOWN, Guyana, (CMC) - Wednesday May 8, 2013 – The Caribbean Community (CARICOM) Council for Trade and Economic Development (COTED) has reiterated the need for an amicable solution to the rum dispute with the United States... read more