Montserrat Governor: Investment Should Increase, Despite Volcano

By: - February 8th, 2012

Above: the Soufriere Volcano

By the Caribbean Journal staff

Investment should continue and increase in Montserrat, despite the Soufriere Volcano, Governor Adrian Davis said yesterday in a statement.

Davis was commenting on a Scientific Advisory Committee report from December showing that the probability of a new lava extrusion or magmatic explosion in 2012 was 70 percent.

“The SAC report is not a reason for potential investors to be put off investing in Montserrat,” he said. “On the country, investment should continue and increase. The SAC report is a clear demonstration that the volcano and its risks are being proactively managed.”

The governor said that the 70 percent probability represented a wide range of potential incidents, from a major pyroclastic flow to a very minor extrusion.

Davis pointed to the island’s north side, which he said was “virtually entirely safe from any conceivable volcanic activity, apart from the potential inconvenience of ash fall.”

Montserrat

British Virgin Islands Names New Chairman of Public Service Commission

By the Caribbean Journal staff British Virgin Islands Governor Boyd McCleary has appointed Magdaline Rhymer as a member and Chairman of the Public Service Commission for a term of one year. The Governor was acting under his constitutional duties, which require the governor to choose the group’s chairman after consultation with the Premier. Rhymer succeeds […]

Montserrat

St Kitts-Nevis-Anguilla National Bank Reports Increase in Assets

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff The St Kitts-Nevis-Anguilla National Bank is reporting a growth in total assets from $840.7 million to $918.5 million as of the end of June. Net income before and after tax also increased in that period, the banks aid. National Bank Chairman Walford Gumbs said the […]

Montserrat

Antiguan, Canadian Schools Form Ties

Above: Antigua Grammar School By the Caribbean Journal staff The Antigua Grammar School has formed an alliance with the Summit Alternative School in Ontario, Canada. The two schools will be joined, largely through video conferencing, as a way of sharing information on cultural differences and similarities. As part of the relationship under the International School […]

Standard & Poor's Lowers Credit Rating on Belize, Citing Politics

 By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean Barrow placing continued debt service of the country’s $546.8 million bond (locally called the “superbond”) […]

Guyana's President Promises Cabinet Intervention Following Pirate Attacks

Above: MP Cornel Damon and some of the fishermen victimized in the pirate attacks (Photo: GINA) By the Caribbean Journal staff Guyanese President Donald Ramotar has pledged to intervene at the cabinet level following a spate of pirate attacks on the country’s Pomeroon River this weekend. Pirates attacked 15 fishing boats with a total of […]

Dominican Republic Gets $130 Million Loan from IDB for Toll Road

 By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean Barrow placing continued debt service of the country’s $546.8 million bond (locally called the “superbond”) […]

United Nations Launches Census of Refugees in Dominican Republic

 Above: Members of a UNHCR tea interview a refugee in the Dominican Republic (UNCHR Photo/F Martinez) By the Caribbean Journal staff A United Nations-backed census has recently launched aiming to provide better information on refugees and asylum-seekers in the Dominican Republic, many of whom are Haitian. The census, which began last week, looks to give […]