T&T Govt snaps up Clico

(Trinidad Express) The country’s largest insurance company is about to become potentially one of the State’s most lucrative and far-reaching assets. Cabinet has approved the transfer of about $8 billion worth of insurance giant’s CLICO’s pro¬fitable business to a new comp...
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British companies looking to Jamaica but have concerns

KINGSTON, Jamaica, Observer - BRITISH High Commissioner to Jamaica David Fitton has indicated that there is some level of interest from companies in Britain that want to set up shop in Jamaica, but says this will depend on a number of factors, including concerns about security. Speaking with the Jam...
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CARICOM SG says global crisis impacting heavily on the region

GEORGETOWN, Guyana, CMC – Caribbean Community (CARICOM) Secretary General Irwin La Rocque Tuesday said that the global economic crisis is having a severe impact on the region resulting in stagnation or declining growth rates. Addressing representatives from international development partners ...
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Nicholls: Caribbean needs several engines

BRIDGETOWN—Caribbean countries have been warned not to lose sight of the bigger goal of economic transformation and development even as they remain pre-occupied with overall economic growth. Former deputy director of the Central Bank of T&T Dr Shelton Nicholls said Caribbean countries &ldq...
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EU clueless on Haiti ban of Dominican products, urges talks

Santo Domingo.- European Union ambassador Irene Horejs on Tuesday said Haiti and the Dominican Republic should hold "technical" talks to resolve bilateral trade disputes stoked by Port-au-Prince’s ban on several Dominican products. Although she urged both countries to live in harmony on the i...
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Volney resigns from ruling United National Congress

PORT OF SPAIN, Trinidad, CMC – Former justice minister Herbert Volney Tuesday resigned from the ruling United National Congress (UNC), less than a day after the party suffered a humiliating defeat in its stronghold of Chaguanas West in southern Trinidad. In a letter sent to the party’s ...
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Rescue plan

BRIDGETOWN, Barbados - The Barbados Private Sector Association (BPSA) has its own plan to save the Barbados economy. The first two areas on its to-do list are for Government to reduce the country’s national debt by selling off non-strategic, non-core Government assets such as Hilton Barbados t...
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Economy ‘hurt’ by exodus of non-nationals

BRIDGETOWN, Barbados - The exodus of a number of non-nationals from Barbados in recent times has affected the economy in a negative way. Mia Mottley, leader of the Opposition Barbados Labour Party stated this as she addressed a meeting of the St Vincent and Grenadines Association at the ...
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