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GEORGETOWN, Guyana, December 5, 2018 (CMC) – United States oil giant, ExxonMobil, on Monday, announced it had made another oil discovery at the Pluma-1 well, offshore Guyana. “This is great news for Guyana…the country is on the cusp of transformational ...

ST. JOHN’S, Antigua and Barbuda, November 27, 2018 (CMC) – Two Caribbean Community (CARICOM) governments, yesterday, expressed some unease at the announcement that the Canadian-based Bank of Nova Scotia (Scotiabank) had agreed to sell its operations in nine Caribbean countries ...

By Kingsley Ighobor Contributing Writer UNITED NATIONS, New York November 23, 2018 (IPS) — Following the unveiling of the African Continental Free Trade Agreement in Kigali, Rwanda, in March 2018, Africa is about to become the world’s largest free trade ...

BRIDGETOWN, Barbados, November 20, 2018 (CMC) – The Barbados government announced, today, plans to provide a hefty reduction in corporation taxes for businesses, and urged them to share the benefits with citizens. Prime Minister, Mia Mottley, told Parliament that her ...

By Kenton X. Chance Contributing Writer KINGSTOWN, St. Vincent and the Grenadines November 20, 2018 (CMC) – The St. Vincent and the Grenadines Parliament is expected to approve, on Thursday, laws establishing a medical marijuana industry in the country. The ...

PORT OF SPAIN, Trinidad and Tobago, November 14, 2018 (CMC) – The Communication Workers Union (CWU) says the state-owned Telecommunication Services of Trinidad and Tobago (TSTT) is preparing to send home hundreds of workers, through what it claims to be ...

ST. GEORGE’S, Grenada, October 31, CMC – The Grenada government says two foreign companies have teamed up to continue the exploration of the island’s maritime space. Energy Minister, Gregory Bowen, said that the Russian-owned Global Petroleum Group (GPG) had run ...

ST. JOHN’S, Antigua and Barbuda October 31, 2018 (CMC) – The cash-strapped Caribbean airline, LIAT, is proposing a salary freeze for the next three years and that future salary increases would be dependent on employee performance. These proposals form the ...

BRIDGETOWN, Barbados, October 23, 2018 (CMC) – The Central Bank of Barbados (CBB) and the Financial Services Commission (FSC) say they have collaborated to establish a framework for a regulatory sandbox, which will provide regulatory clarity for businesses, offering viable ...

Michael J. Armstrong Contributing Writer Legalized cannabis became law on October 17, but Ontario won’t have any cannabis stores until April. That’s due to the province’s recent decision to have cannabis outlets run by businesses rather than a government agency, ...