BRIDGETOWN, Barbados, April 12, 2019 (CMC) – The Chair of the Board of Governors of the Caribbean Development Bank (CDB), Camille Robinson-Regis, says the regional institution must continue to evolve, even on the completion of its ongoing transformation, in order ...
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Feed SubscriptionCash-Strapped LIAT Wants More Than Six Percent Salary Cut
BRIDGETOWN, Barbados, April 12, 2019 (CMC) – The cash-strapped, Antigua-based, regional airline, LIAT, says despite pilots and its workers, across all its destinations, agreeing to a six percent salary cut, it is still facing a severe financial problem and may ...
Read More »Students And Unemployed People Used To Launder Money In Guyana, Says Financial Intelligence Unit Head
GEORGETOWN, Guyana, April 8, 2019 (CMC) – The Director of the Financial Intelligence Unit (FIU), Matthew Langevine, says students, housewives and the unemployed are being used, by criminals and drug dealers, to launder funds on their behalf. Langevine said the ...
Read More »Fly Jamaica Airways Sends Workers Home
KINGSTON, Jamaica, April 2, 2019 (CMC) – The Jamaica-based Fly Jamaica Airways says it is making all staff redundant, as of last Sunday, saying the lack of planes to carry out operations has left it, without any other alternative. In ...
Read More »CARICOM Competition Commission Warns Sale Of Scotiabank Could Have Anti-Competitive Effect In Three Member States
PARAMARIBO, Suriname, April 2, 2019 CMC – The Suriname-based Caribbean Community (CARICOM) Competition Commission (CCC) says the intended sale of Scotiabank’s assets in nine Caribbean countries, could have anti-competitive effects, in at least three CARICOM member states. “The Commission remains ...
Read More »Antigua Government Re-States Position Regarding Sale Of Scotia Bank
ST. JOHN’S, Antigua and Barbuda, March 29, 2019 (CMC) – The Antigua and Barbuda government has reiterated its position, that it would not issue a vesting order to facilitate the sale of Scotia Bank operations, here, as the Parliament approved ...
Read More »Jamaican Central Bank Announces Further Reduction On Key Interest Rate
KINGSTON, Jamaica, March 28, 2019 (CMC) – The Bank of Jamaica (BOJ) is reducing the policy interest rate, offered on its overnight balances, by 25 basis points, to 1.25 percent, in a move, aimed at returning and retaining the inflation ...
Read More »Guyana’s President Granger Not Impressed With Business Community’s Statement On Political Situation
GEORGEROWN, Guyana, March 28, 2019 (CMC) – President, David Granger, says he is not impressed, with the statement by the Private Sector Commission (PSC) and its affiliates, that “political uncertainty” is gripping the country, as it awaits a Caribbean Court ...
Read More »It’s Tax Time! Do You Know The Difference Between Avoiding And Evading Taxes?
By Sonia B. Dhaliwal Guest Writer Tax season is upon us, and many Canadians are flocking to their tax advisers hoping for magical tips that will help them save some of their hard-earned money. Recently I came across an ...
Read More »Guyana Reaped Over 15.6 Billion Guyana Dollars From Oil And Gas Sector So Far
GEORGETOWN, Guyana, March 25, 2019 (CMC) – The Director of Guyana’s Energy Department, Dr. Mark Bynoe, says Guyana has, so far, benefitted from more than GUY$15.6 billion from the oil and gas sector. Bynoe said the funds received so far, ...
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