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2030: Shared prosperity is possible in our region

PORT OF SPAIN, Trinidad - The World Bank, under the leadership of President Jim Yong Kim, has focused attention on the ambitious and demanding work to eliminate extreme poverty in the world's population by 2030 and to increase the income of the poorest 40 per cent in order to promote shared prosperity. It may sound bold, but it is possible in Latin America and the Caribbean. The region has already made significant progress in poverty reduction and the governments and economies have evolved considerably, taking the political, social and economic steps necessary to achieve them.

EU supporting regional food security project

PORT OF SPAIN, Trinidad, CMC - The European Union is providing an Euro 8.6 million (One Euro = US$1.29) grant to support a project to improve Caribbean food security in the context of climate change. The project is being conducted in Belize, Barbados, St. Kitts and Nevis and Trinidad and Tobago and is being organized by the Caribbean Agricultural Research and Development Institute (CARDI). The project is being discussed at a two-day conference that ends here Wednesday.

CAL not in crisis, says chairman

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, observed that those losses are the responsibility of the company’s management. He said that matter was top of the agenda at CAL’s marathon board meeting at the company’s head offices in Piarco yesterday.

Caribbean airline integration: A call to action

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, current Caribbean leaders will not acknowledge that leadership models across the Caribbean are badly broken, let alone that they are the one who need reengineered mindsets.

Regional transport ministers to discuss transport woes

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 air and maritime transportation in the Caribbean.

Watch those State funds

PORT OF SPAIN, Trinidad - Proper governance structures need to be in place at all enterprises funded by taxpayers, including one like Caribbean Airlines (CAL), to avoid situations where these companies have to write off major debts, business leaders have said. “In the private sector, you can’t be making mistakes that allow for these types of discrepancies for these mistakes. At the end of the day, management and the board of directors should be making wise decisions, especially with State funds. There shouldn’t be a situation where these sorts of significant losses are being incurred.

Dookeran: Biden to spend 1 night, two days in T&T

PORT OF SPAIN, Trinidad - US Vice President Joe Biden is to spend one night and two days in Trinidad and Tobago during his visit later this month. Foreign Affairs Minister Winston Dookeran told reporters after the opening ceremony of CARICOM’s Council for Foreign and Community Relations (COFCOR) meeting being held at the Hilton Trinidad, St Ann’s, on Monday. “I haven’t got the detailed plans but he’s spending one night and two days,” Dookeran said.

The CARICOM trade imbalance — Jamaica/T&T

KINGSTON, Jamaica - Recently, there have been a number of rash and, in some instances, derogatory letters, describing Jamaica's perceived relationship with Trinidad & Tobago (T&T). Some were whimsical and others simply vacuous. Generally, they demonstrate a lack of understanding regarding the consequences that would result if Jamaica were to demit membership of Caricom, apart from the forfeiture of the considerable amount of investment in time and money related to developing the regional union that is Caricom.

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