Montserrat News

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Britain halts funding for another project in Montserrat

Funds for the public works project have been suspended pending the outcome of an audit being conducted by the Office of the Auditor Gerneral.
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Chanderpaul plays his 300th first-class match

Chanderpaul has now scored 22139 first class runs and has a high-score of 303.
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First Citizens Investment Services receives award for service excellence

The St. Lucia-based investment company is the sister firm of First Citizens Investment Services (Barbados) Ltd., and of First Citizens Bank, which opened its doors in Barbados in 2012.
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“New record high” of foreign direct investment in Caribbean - ECLAC

ECLAC predicts that this year's FDI inflows to the region will range between a fall of three per cent and a rise of seven per cent.
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Salary increases on the way for St Lucia public servants

Government said that the increase will be a one per cent in the first year followed by a 1.5 per cent hike for the remaining two years.
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LIAT to present legal opinion summary to Trinidad prime minister

The shareholder governments have complained that the Port-of-Spain subsidy to CAL is a violation of the Revised Treaty of Charguaramas that governs the regional integration movement.
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Caribbean Airlines records estimated losses of US$70m

Caribbean Airlines, which began operations in 2007, acquired Air Jamaica in 2011. The Jamaican Government has a 16 per cent stake in the Trinidadian air carrier.
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Caribbean governments need to modernize tax system - study

The study argues that taxation is largely viewed in the region as a means of generating income to pay governments’ bills, rather than as a valuable instrument to achieve important development goals.
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St Lucia budget aims at reducing subsidies on basic food commodities

Prime Minister Dr. Kenny Anthony told legislators that the budget, which he described as “realistic” and meeting the socio-economic challenges of the country “head on.”
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Jamaica uncovers scheme involving PETROTRIN oil products

Industry, Investment and Commerce Minister Anthony Hylton told parliament the scheme was brought to the attention of the Portia Simpson Miller administration by the private sector.
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St Lucia economy contracts by almost one per cent in 2012

Prime Minister Anthony blamed the decline on reduced activity in the construction, distributive trade, transport and communications sectors.