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GUYANA – Opposition APNU to take measures against state media

The opposition Party for National Unity, APNU says it will be embarking on new measures in 2013 to bring the state media to heel since the 2012 budget cuts failed to cause any change in their operations.

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ST. KITTS/NEVIS - “We now have money in the bank instead …” says PM Douglas

BASSETERRE, St. Kitts, 19th December 2012– St. Kitts and Nevis’ Prime Minister and Minister of Finance, the Rt. Hon. Dr. Denzil L. Douglas said Tuesday that the finances of the country are much stronger now than at the start of the global economic crisis.

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Antigua Economic citizenship passes first hurdle – no gag intended

ST JOHN’S, Antigua – Government has clarified its stance on provision 11 of the Antigua & Barbuda Citizenship by Investment Bill, after condemnation from several quarters.

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JAMAICA - TAJ Enforces TRN for Overseas Transactions

Jamaican_currencyTax Administration Jamaica (TAJ) advises that effective January 1, 2013, the requirement  for persons residing or operating from overseas to have a Taxpayer Registration Number (TRN) to transact business with the tax authority in Jamaica will be fully enforced.

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Guyana’s National Insurance Scheme, NIS “healthy” says Chairman

Chairman of the Board of the National Insurance Scheme (NIS) Dr. Roger Luncheon has rubbished reports that the institution is in “dire straits” saying that while there were concerns about its future it is currently healthy.

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CAL crash-landing inquiry still in limbo

The co-pilot of CAL’s flight BW 523, which crash-landed in Guyana last year, has resigned and the captain of the flight is currently employed at another CAL division, the airline has said.

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Jamaican economy to shrink due to hurricane damage

KINGSTON—The Jamaican economy is expected to contract during this quarter due to the impact of Hurricane Sandy. Central Bank Governor, Brian Wynter, told the bank’s quarterly briefing on Wednesday that this would result in economic output in the December quarter contracting between point seven and minus 1.7 per cent.

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'We will fly before Christmas' – says Fly Jamaica boss

"We are ready to rock and roll," so said Lloyd Tai, chief operating officer of Fly Jamaica Airways.

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T&T - Central Bank introduces new system of US$ allocation

PORT OF SPAIN,  Trinidad - The Central Bank introduced a new competitive auction system among authorised foreign exchange dealers in May­, allowing commercial banks and other official dealers of foreign exchange to make bids for US dollars and other foreign currencies for the first time, Alister Noel, the Central Bank’s senior manager of operations said on Monday.

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3.8% growth for C'bean next year says ECLAC:

map-of-CARICOMEconomic growth for the Caribbean is projected to be around 3.8 per cent next year, the Economic Commission for Latin America and the Caribbean said yesterday.

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Reintroduction of traditional food staples on Nevis would help with food security

NIA CHARLESTOWN Nevis November 12, 2012 -- Permanent Secretary in the Ministry of Agriculture on Nevis Dr. Kelvin Daly believes that the reintroduction of sweet potato and other traditional staples to the diet of Nevisians would help the island in its bid to secure food security.

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CARICOM seeks dialog with the US over rum export

rum_subsidiesCARICOM’s Council for Trade and Economic Development (COTED) has called on the United States to have dialog with Caribbean rum-producing countries with a view to achieving an outcome that will support the continued competitive access for Caribbean rum to the US market.

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ANTIGUA - LIAT chief hits out at new airport tax

ST JOHN’S, Antigua – LIAT Chief Executive Officer (CEO) Ian Brunton has added his voice to the many that have come down against the new Airport Authority Administration Charge implemented just this month.

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LIAT unveils new business plan

LIAT1-275x169The Antigua-based regional airline, LIAT, has unveiled a new business plan it said would help reverse an EC$43 million (One EC Dollar = US0.37 cents) loss last year while projecting a two per cent profit in 2013.

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ANTIGUA - Qualified end in sight for Antigua/US on-line gaming row

Casino_onlineSt. John’s, Antigua – Powerful US congressmen have drafted legislation that will bring the gaming dispute with Antigua & Barbuda to an end – but will also lock the nation out of the industry.

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UK clamps down on tax havens-imposes its own FACTA

The UK is planning to impose its own version of the US Foreign Account Tax Compliance Act (FATCA) on its Crown Dependencies and Overseas Territories, according to a report published Friday by International Tax Review, which says the move will deal an almost-fatal blow to tax evasion through the UK’s tax havens.

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Trinidad moves to avoid being blacklisted by international regulatory group

PORT OF SPAIN, Trinidad, Oct 29, – Trinidad and Tobago could be blacklisted by the International Organization of Securities Commissions (IOSCO) if it fails to enact legislation aimed at strengthening the regulatory and supervisory regime, Finance Minister Larry Howai has said.

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Caribbean to adopt new strategy to deal with APD

APD__protestBRIDGETOWN, Barbados– Barbados says the Caribbean will need to adopt a new strategy to ensure a “fair” resolution to the controversial Air Passenger Duty (APD) tax that travellers out of the United Kingdom pay based on their destination.

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Jamaica National to host forum on Lottery Scam, Nov 7

Several financial institutions, remittance companies, diplomats, and members of the security forces will come together to participate in the second Forum on the Lottery Scam, to be hosted by the Caribbean’s largest mutual building society, Jamaica National Building Society (JNBS), at the Terra Nova All Suite Hotel, on Wednesday, November 7, starting at 8:00 a.m.

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PM Simpson-Miller seeks inclusion revolution

Caribbean financial institutions need to shift their policies to help integrate the majority of the population into the formal economy, says Prime Minister Portia Simpson Miller.

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LIAT woos Kenny Anthony to invest in the airline

LIAT_passengers_boarding_at_RLB_-_St_KittsCASTRIES, St Lucia, Oct 24,– Regional airline, LIAT, in an effort to bolster its failing financial fortunes has been holding talks with the St. Lucia government in order to convince PM Dr. Kenny Anthony to invest in the regional airline.

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