February, 2009

Congress agrees to ease Cuba sanctions

The United States (US) House of Representatives has passed a bill that could ease restrictions on travel to Cuba and the sale of food and medical supplies to that Caribbean country.

Republic Bank holding onto BNB shares

The Barbados government’s efforts to recoup the majority share in the Barbados National Bank (BNB) may meet with some resistance by current majority shareholder, Republic Bank Limited (RBL).

Government votes to take Stanford lands

The Antigua and Barbuda government has approved a resolution to take ownership of 254 acres of Sir Allen Stanford’s lands here. But the opposition Antigua Labour Party (ALP) has refused to support the move, despite the political leader, Lester Bird, giving support for such action just days ago.

Guadeloupe civil unrest affects LIAT flights

Regional airline LIAT announced today that it had cancelled its daily flight to and from Guadeloupe because of the ongoing civil unrest on the French Caribbean Island and the resulting early closure of the main airport each day.

Jamaica’s new GG sworn in

Dr Patrick Linton Allen was yesterday sworn in as the sixth Governor General of Jamaica, at a ceremony full of the usual pomp and pageantry on the lawns of his new ceremonial home, King’s House, Kingston.

CLICO Bahamas in liquidation

The High Court in the Bahamas has ordered the liquidation of a local subsidiary of Trinidad and Tobago’s troubled conglomerate CL Financial Limited.

US$15million relief fund for Barbados tourism

The Barbados government has presented a stimulus package for the tourism sector that will see an initial BDS$15 million (US$7.5 million) being made available to the industry to help it pull through the global economic crisis.