KINGSTON, Jamaica, CMC – Jamaica is to receive US$39 million from the International Monetary Fund (IMF), after the Washington-based financial institution concluded its seventh review of the island’s economic performance under a four year Extended Fund Facility (EFF). IMF Deputy ...
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Feed SubscriptionFormer T&T Finance Minister Awarded Millions In Compensation
PORT OF SPAIN, Trinidad, CMC – A High Court judge has awarded the former finance minister more than TT$18 million (One TT dollar =US$0.16 cents) for the “loss and damage” suffered, following the death of her husband, Russell Tesheira, a ...
Read More »T&T Soldier With Bank Account Containing Millions Of Dollars
PORT OF SPAIN, Trinidad, CMC – A member of the Trinidad and Tobago Defence Force (TTDF) has a problem that many people would like to have. In his bank account, he has nearly TT$100 million (One TT dollar =US$0.16 cents). ...
Read More »T&T Central Bank Announces Plan To Deal With CLICO
By Peter Richards CMC Trinidad Correspondent PORT OF SPAIN, Trinidad, CMC – The Central Bank of Trinidad and Tobago, Friday, said it had instituted a five-point plan that would result in billions of dollars (One TT dollar =US$0.16 cents) being ...
Read More »Political Challengers Offer Promises To Guyanese Voters
GEORGETOWN, Guyana, CMC – The two main challengers for the post of President of Guyana, Sunday, offered a host of promises to the electorate as the Caribbean Community (CARICOM) country gears to elect a new head of state and government ...
Read More »Antigua PM Against Plans To Establish Rival Regional Airline
JOHN’S, Antigua, CMC – Prime Minister Gaston Browne says he will not support plans to establish a rival airline to the financially troubled LIAT. Prime Minister Browne said he is aware that Antigua and Barbuda does not have the shareholding ...
Read More »CDB To Fund Animation Project For The Caribbean
BRIDGETOWN, Barbados, CMC – The Barbados-based Caribbean Development Bank (CDB) says it will jointly finance a two-year program that will allow more than 400 young people in the Eastern Caribbean to participate in the global multi-billion dollar mobile application and ...
Read More »Religious Groups In Guyana Want Peace Pact Ahead Of Polls
GEORGETOWN, Guyana, CMC – The Inter Religious Organisation (IRO) is calling on the political parties contesting the May 11 national and regional elections in Guyana to sign a peace pact. A statement issued by the Guyana Elections Commission (GECOM) said ...
Read More »Trinidad Central Bank Says Interest Rate Hike Needed To Protect Local Economy
PORT OF SPAIN, Trinidad, CMC – The Central Bank of Trinidad and Tobago (CBTT) says it will continue with an aggressive program to absorb excess liquidity so as to strengthen the impact higher interest rates are expected to have throughout ...
Read More »Fire At Disposal Site In Jamaica Raises Cancer Concerns
Photo above: Aerial view of the Riverton Disposal site. Photo credit: CMC. KINGSTON, Jamaica, CMC – Health authorities say that the tests on the quality of air taken during the height of the fire at the Riverton Disposal Site that blanketed ...
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