GraceKennedy eyes Haitian market

KINGSTON, Jamaica - GRACEKENNEDY has its sights set on entering the Haitian market, as the Jamaica-based conglomerate continues on its mission to grow its international footprint. "Haiti is on our radar. In fact I have gone into Haiti to look at opportunies," GK Foods CEO Michael Ranglin told share...
Read More

Barbados to establish Revenue Authority

BRIDGETOWN, Barbados, CMC – Barbados will establish a revenue authority this year because of a number of issues including inconsistencies in revenue collection, particularly at the Customs. Finance and Economic Affairs Minister Chris Sinckler recalled an instance last year, when Barbados was asked t...
Read More

Many injured as fire destroys government building

PORT AU PRINCE, Haiti, CMC – At least 31 people were injured when a fire, believed to have been started through a combustible combination of Clorox and fertilizer, destroyed a government building in the capital. Police said the blaze on Thursday also destroyed other businesses, including a market th...
Read More

Guyana: Prospects for sustained development

KINGSTON, Jamaica - Describing for a friend my impressions of the Guyanese economy after a brief visit, I simply exclaimed: the economy is bubbling. The observant traveller needs no recourse to gross domestic product numbers, growth rates, bauxite, rice, rum production or foreign-exchange rates. The...
Read More

The PetroCaribe Economic Zone proposal

GEORGETOWN, Guyana – Guyana is reportedly examining a proposal to set up a PetroCaribe Economic Zone (PEZ), made by Venezuela at the PetroCaribe summit held earlier this month in Caracas and attended by Prime Minister Samuel Hinds. According to Venezuelan Oil and Mining Minister Rafael Ramírez, this...
Read More

Barbados ‘cut off’ due to economic development

BRIDGETOWN, Barbados - Minister of Finance Chris Sinckler has expressed concern that the economic development of Barbados and other small open economies has been used as a “bludgeoning instrument” against them when it comes to concessional financing from entities like the World Bank and preferential...
Read More

UN anti-cholera plan in Haiti ‘failing’

UN efforts to tackle cholera in Haiti are "almost non-existent", a charity says, as the world body faces court action for inadvertently starting a cholera epidemic in the country. Late last year, the UN launched a $2.2bn-appeal (£1.5bn) to improve water supplies in Haiti. But Medecins Sans F...
Read More

Trade on agenda as China’s leader visits

PORT OF SPAIN, Trinidad - The official visit to T&T by China’s new head of state President Xi Jingping has generated different levels of expectation among Caricom member states. For the countries that have maintained strong diplomatic ties with the People’s Republic of China, the ant...
Read More

China’s President to meet with Caribbean leaders

PORT OF SPAIN, Trinidad (CMC ) — China's President Xi Jingping arrives here today for a three-day visit during which time he will meet with Caribbean Community (CARICOM) leaders. The visit follows that of the United States Vice-President Joe Biden earlier this week and according to a Chin...
Read More