The Caribbean Community (CARICOM) Council for Finance and Planning (COFAP) has established a task force to recommend policies, programmes and approaches to lessen the effects of the global recession on member states of the 15-member grouping.
Ex National Security Minister Dwyer Astaphan has criticized the leadership style of Prime Minister Dr Denzil Douglas, calling on him to identify someone else to head the ruling St Kitts and Nevis Labour Party and take over the reigns of government.
A Caribbean Community (CARICOM) team is to visit Haiti soon as the 15-member grouping moves to offer more assistance to the country which is still recovering from the devastating effects of the 2008 hurricane season.
The Petroleum Corporation of Jamaica (PCJ) will partner with Norwegian firm, Wavefield Inseis, in a three-month seismic operation to explore for oil and gas resources in Jamaica’s territorial waters.
Canada’s High Commissioner to Barbados and the Eastern Caribbean says the Caribbean’s banking sector is in better shape than most others around the world. And he says this can be partially attributed to Canada’s financial sector holding its head above water in the ongoing world financial crisis.
If things go according to plan, Barbados could be the base for a number of overseas pharmaceutical, biotechnology, wealth management research and development companies. That’s according to Prime Minister David Thompson as he announced government’s plans to woo the potential investors to the island.
Venezuelan President Hugo Chavez wants new United States leader Barack Obama to return the military base of Guantanamo to Cuba.
The International Monetary Fund (IMF) says that the global financial crisis has so far had little impact on markets of the Eastern Caribbean Currency Union (ECCU).
Barbados, Bahamas and eventually other Caribbean countries will explore cutting-edge alternatives to lower their dependency on fossil fuels and improve their energy security with four grants approved by the Inter-American Development Bank (IDB).
There’s some more not so good news for tourism, one of the main foreign exchange earners for many Caribbean countries. According to a report published by the United Nations World Tourism Organisation (UNWTO), the current global economic slowdown which brought the growth of international tourism to a standstill in 2008, now threatens to reverse the historic four-year gains made by the industry in foreign travel.
The Bermuda government and hotel owners in the country are partnering on new strategies to weather the current global economic climate.
St. Lucia’s recent staging of Caribbean Marketplace, produced by the Caribbean Hotel and Tourism Association, will help give tourism the lift it needs in today’s challenging international economic environment, Caribbean hotelier Feolla Chastanet has suggested.
Jamaica’s Minister of Tourism, Edmund Bartlett, has advised business owners to pursue smarter, more effective marketing strategies in order to maintain market share during these turbulent economic times.
Jamaica’s cash-strapped national carrier and regional airline LIAT are both cutting routes as the world economic turbulence takes a toll on their operations.