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Unfair competition: LIAT denounces Caribbean Airlines subsidy

liatCAL-450x350St. John’s Antigua- LIAT has agreed to challenge the Trinidad & Tobago government for providing “unfair” subsidies to Caribbean Airlines while at the same time pushing for closer linkages with the Port of Spain-owned and operated entity.

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Trinidad and Tobago to assist Grenada’s development agenda

Kamla and Keith Mitchell1PORT-OF-SPAIN, May 11, 2013 - Grenada’s Prime Minister Dr. Keith Mitchell this week held discussions with his Trinidadian counterpart, Prime Minister Kamla Persad Bissessar, aimed at boosting Grenada’s economic fortunes.

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T&T Ice cream makers join forces against imports

ice creamTrinidad and Tobago's local ice cream manufacturers are joining hands to counter multiple challenges they believe may destroy a key sector with the potential to achieve economic growth and create employment. According to one of the lead players, in an effort to inaugurate an ice cream manufacturers’ association, Katherine Bethel of B’s Home Made Ice Cream: “It has been a challenge to remain viable.” Among the key issues is the heavy importation of multinational brands at highly-competitive prices and problems with the supply of home-grown fruits and other indigenous inputs for the manufacture of ice cream.

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More Assistance for Jamaica’s Exporters

anthony hylton-help1Jamaica’s exporters will be further enabled to take advantage of market opportunities and increase their export earnings with an expansion of the‘Export Max: Enterprise Development Programme’.

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Guyana to be Carib HQ for new money transfer service

firstglobalmoneyGEORGETOWN, Guyana, April 28, 2013 - Guyana will soon be the Caribbean hub for a new money transfer service that already has strong international links , a senior company official said Saturday.

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St. Kitts supports PetroCaribe economic zone

patrice-nisbett45BASSETERRE, St. Kitts, 8th May 2013 - St. Kitts and Nevis is among Petrocaribe member states agreeing to create a new economic zone and granted membership to Honduras and Guatemala at the 7th summit that ended in Caracas, Venezuela on Sunday.

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Western Union on the lookout for scam artists across the Caribbean

scamalertGEORGETOWN,  Guyana, April 23, 2013 - The Grace Kennedy Financial Group is on red-alert for suspicious transactions across the Caribbean, in the wake of Western Union money transfer service being used by Jamaicans to fleece mostly Americans of millions of dollars annually through lottery scams, according to a top executive.

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CARICOM calls for rum solution, steers clear of WTO

rum award 2013St. John’s Antigua- CARICOM is again calling for a solution to the ongoing rum dispute with the US but continues to steer clear of an approach to the World Trade Organisation (WTO) for now.

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World Bank urges Caribbean to ‘propel domestic engines of growth’

worldbank7WASHINGTON (CMC) – The World Bank has urged Latin America and the Caribbean (LAC) to “propel domestic engines of growth”, stating that the “formidable global tailwinds” that facilitated robust economic growth and social inclusion in the region over the past decade are receding.

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Guyana may see second highest economic growth in South America in 2014 – IMF

Ashni-SinghThe International Monetary Fund (IMF) in its World Economic Outlook, released today, predicts that Guyana is expected to see the second highest economic growth for South America in 2014, just behind Peru.

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T&T, Jamaica in toilet paper row

Naika-Pichi-AyersA trade quarrel over toilet paper between Trinidad and Tobago and Jamaica is heading to Caricom for a solution. Speaking to the Express yesterday, Trade Desk Officer of the T&T-Jamaica Trade Facilitation Desk at the Trinidad and Tobago Manufacturers’ Association(TTMA), Naika Pichi-Ayers, said TTL, one of their members, had contacted them in early March to resolve their concerns that Jamaican authorities were not allowing their products entry into the market.

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Low productivity holding back Jamaica - Labour Minister

derrick kellier7KINGSTON, Jamaica May 5, 2013 - The Minister of Labour and Social Security Derrick Kellier says productivity is the most pressing development issue now facing the country and a revolutionary approach is needed to improve the situation.

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Int'l Investors keen on Ja's logistics hub initiative

Anthony hylton-uae2KINGSTON, Jamaica, Tuesday, 16 April 2013 - The Jamaica Logistics Hub Initiative is quickly gaining traction with potential international investors, who have expressed interest in partnering with the Government, and investing in the initiative.

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Guyana to supply 210,000 tonnes of paddy and rice to Venezuela

riceagreementGeorgetown, GINA, May 4, 2013- Guyana and its Spanish-speaking neighbour Venezuela yesterday signed a Letter of Commitment for Guyana to supply 140,000 tonnes of paddy and 70,000 tonnes of white rice.

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Senior IMF representative commends Government

Dr.-Gene-LeonKINGSTON,Jamaica, April 14, CMC – Dr Gene Leon, the senior representative from the International Monetary Fund (IMF) in Jamaica, has commended the Portia Simpson Miller led administration for displaying the vision to formulate a programme, aimed at resuscitating the country’s economy.

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Report warns Barbuda’s fisheries at tipping point

fish-size-460ST JOHN’S, Antigua – Barbuda’s fisheries could collapse and coral reefs pushed to a point beyond recovery if nothing is done, a new report has warned.

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A Maduro win won't keep PetroCaribe intact — Hughes

Wesley-Hughes w445CHIEF Executive Officer (CEO) of Jamaica's PetroCaribe Development Fund (PDF) Dr Wesley Hughes has said that even a facile victory by Nicolas Maduro in today's Venezuelan elections will not prevent changes to the concessionary nature of the oil agreement.

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Why US firms are turning to Mexico, leaving China behind

Mexico garmentfactoryAfter years of violence linked to the drugs war there is finally something to cheer about in Tijuana: a successful football team that did not even exist six years ago, a lower murder rate and an economy on the rise.

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Nevis Service Providers urged to comply with US tax compliance legislation

Vance AmoryNIA CHARLESTOWN, Nevis April 12, 2013 -- Premier of Nevis and Minister of Vance Amory has urged Service Providers who would be affected by the US Foreign Account Tax Compliance Act (FATCA) from July 2013, to familiarise and comply with the regulations.

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Strong Latin American Buyer Contingents For TIC 2013

TIC-2013PORT-OF-SPAIN, Trinidad, May 2, 2013: Latin American buyer attendance at The Trade & Investment Convention is on the upswing for 2013, as Argentina, Brazil and the Dominican Republic have made commitments to bring delegations from leading businesses from their countries to conduct trade on the showroom floor.

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Concern over possible Collapse of Caribbean regional group

CARICOMNEW YORK - The 15-member Community of Caribbean States and Common Market (CARICOM) released a report in the first week of March stating that the 40-year-old regional integration movement could come to an end because of poor financing, dissatisfaction and the ongoing world economic crisis.

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