PORT OF SPAIN, Trinidad, CMC – Caribbean Community (CARICOM) Foreign Ministers ended a two-day meeting here on Wednesday night agreeing on a number of new initiatives to give the Caribbean a greater role in global economic and political situations. Trinidad and Tobago’s Foreign Affairs Minister Win...

KINGSTON, Jamaica - UNITED Nations Secretary General Ban Ki-moon issued a warning to the world's business community yesterday that, we believe, is most pertinent to Jamaica and indeed our sister Caribbean states. According to Mr Ban, economic losses linked to disasters are "out of control" and will...

PORT OF SPAIN, Trinidad, CMC – Caribbean Community (CARICOM) ministers of transport will meet in St. Vincent and the Grenadines later this month and are likely to make recommendations that will go before regional leaders at their annual summit in Trinidad and Tobago in July on the vexing question of...

PORT OF SPAIN, Trinidad - In his book, Re-engineering Management, James Champy states: The results are in: Re-engineering works—up to a point. The obstacle is management. The only way we’re going to deliver on the full promise of re-engineering is to start re-engineering management. The problem is, ...

PORT OF SPAIN, Trinidad - The Caribbean Airlines (CAL) board has directed that its acting chief executive Robert Corbie provide a report on why the company has to potentially write off $200 million in cargo revenue and credit card fraud. Chairman Rabindra Moonan, in a telephone interview yesterday,...

KINGSTON, Jamaica - 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 a...

BRIDGETOWN, Barbados - It is welcome news that United States Vice-President Joseph Biden will be coming for a meeting with Caribbean Community Heads of Government later this month as part of scheduled official visits, with his wife Dr Jill Biden, to Brazil, Colombia and Trinidad and Tobago. The an...

SANTIAGO, Chile, CMC - The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) says the region received a “new record high” of foreign direct investment (FDI) in 2012. According to the ECLAC report “Foreign Direct Investment in Latin America and the Caribbean 2012”, the re...

BRIDGETOWN, Barbados - It is possible to have social development when no economic growth is taking place. This, says Prime Minister Freundel Stuart, is because structural changes are taking place which are intended to make life better for a larger number of people. Delivering the feature address at...

CASTRIES, St. Lucia, CMC – The St. Lucia government has presented an EC$1.32 billion (One EC dollar = US$0.37 cents) budget to Parliament late Tuesday reducing the subsidies on basic food commodities such as rice and flour and increasing the Value Added Tax (VAT) for the hotel industry. Prime Minist...