November, 2008

Bahamas named in drug smuggling ring

The Bahamas has been named in what has been described as the biggest drug bust ever in Israel as lawmen in that Middle Eastern country reported breaking up a smuggling ring involving three countries. They said one and a half tonnes of cocaine, worth US$500 million, have been seized in the Caribbean island, Spain and Peru.

Guyana secures US$1B alumina plant deal

Guyana has sealed what the government has said is the largest ever single investment in the country’s history, with the signing of a US$1 billion agreement for a Chinese company, Bosai Minerals Group, to build an alumina plant there.

Call for early St Kitts elections

St Kitts’ main opposition People’s Action Movement (PAM) has suggested that continued electricity cuts across the country should help citizens see the light – that the ruling Denzil Douglas administration can’t solve the power crisis. And it’s calling for early general elections to give voters the opportunity to bring new leadership to the country.

Venezuela wants in on OECS

Venezuela wants to join the Organisation of Eastern Caribbean States (OECS) and the nine-member grouping says it’s considering the request.

Barbados Cabinet shake-up

Barbados’ Prime Minister has for the first time, since taking over in January, named a Deputy Prime Minister and made some major changes to his 18-member Cabinet that take effect from today.

CARICOM Central Banks told to plan for crisis

Central Bank Governors across the Caribbean Community (CARICOM) are being urged to continue planning for possible challenges to the region’s financial and non-financial sectors as the economic and financial crisis continues.