May 15th, 2012

CAL invited to Panama

Posted on 15 May 2012 at 5:44pm

The invitation by Panama to allow state-owned airline, Caribbean Airlines (CAL) to fly directly to the country from Port-of-Spain will bring tremendous benefits to Trinidad and Tobago.

Prime Minister, Kamla Persad-Bissessar made the statement in response to the invitation by Panamanian President, H.E. Ricardo Alberto Martinelli Berrocal at the opening of the second Caribbean Investment Forum. It was held at the Hilton Hotel on Monday.

Berrocal said he has already held talks with CAL and has requested that CAL conduct direct flights into Panama.

Persad-Bissessar said the new south south connection would make it easier to fly to Central and South America.

“In order to travel South we had to travel North, thanks…

Jamaica: Govt. Presents Budget of $612.4 Billion

Posted on 15 May 2012 at 5:37pm

The Government has put forward a budget of $612.4 billion for 2012/13, with $375 billion earmarked for Recurrent (house-keeping) expenses and $237.4 billion for Capital (development) obligations.

Details of these projections are included in the Estimates of Expenditure, which were tabled in the House of Representatives on Thursday May 10th by Minister of Finance, Planning and Public Service, Hon. Dr. Peter Phillips.

The Ministry of Finance, Planning and Public Service gets the largest sum in the allocations, with $187.84 billion for recurrent expenses and $199.5 billion for capital expenditure. Much of the amount will go towards meeting Jamaica’s debt obligations.

The Ministry of Education receives the second largest sum with $73.8 …

St. Kitts and Nevis eyes set on yachting industry

Posted on 15 May 2012 at 5:32pm

The yachting landscape in St. Kitts and Nevis will change dramatically over the next few years. This was disclosed by Minister of Tourism and International Transportation, Sen. the Hon. Richard Skerritt.

“Yachting is a lucrative economic sector in other neighbouring Caribbean jurisdictions and has been identified as a key component of the strategy for future growth of our tourism development,” Mr. Skerritt told a consultation aimed at establishing a maritime policy and action plan.

He expressed confidence that the establishment of the private jet terminal now under construction at the Robert L. Bradshaw International Airport, together with the ongoing construction of new world-class marina facilities at Christophe Harbour, and a further…

2nd CARICOM-Mexico Summit In Barbados Monday

Posted on 15 May 2012 at 5:24pm

This country is set to host one of the most important conferences on the 2012 calendar, when the Second CARICOM-Mexico Summit comes to Barbados, next Monday, May 21, at the Hilton Barbados. It will be preceded by a Meeting of Ministers of Foreign Affairs on Sunday, May 20.

Mexico’s President, Felipe Calderon, is expected to lead a high-powered delegation to the one-day summit, which will also bring together regional Heads from the 15 CARICOM nations.

Prime Minister Freundel Stuart, President Calderon and the current Chairman of CARICOM, President Desiré Bouterse, of Suriname, are expected to address the opening ceremony, which is scheduled to take place on Monday at 10:00 a.m. at…

US/Burma: Don’t Lift Sanctions Too Soon

Posted on 15 May 2012 at 5:12pm

(Washington, DC) – The US government should not ease sanctions on business activities in Burma until adequate safeguards are in place to prevent new investment from fueling human rights abuses. A US presidential order imposing a ban on investment and financial services in Burma is scheduled to expire on May 20, 2012, unless it is renewed or revised.

In early April, in response to Burmese government pledges of reform and electoral gains by Burma’s main opposition party, US Secretary of State Hillary Clinton announced that the US government was prepared to relax certain business-related sanctions. A presidential order restricting business activities in Burma expires on May 20. A new order…

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