Search Result for: down

2096 results found.

Puerto Rico Rating Downgraded to Junk Status By Standard and Poor’s

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its rating on the government of Puerto Rico’s general obligation debt to junk status, the New York-based ratings firm announced Tuesday. The firm lowered Puerto […]

Moody’s Downgrades Barbados Rating; Outlook Remains “Negative”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the government bond rating of Barbados to Ba3 from Ba1, the New York-based firm announced. The two-notch downgrade reflected several key drivers, including the country’s “continued […]

S&P Downgrades Barbados Credit Rating; Economy “Back Into Recession”

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term rating on Barbados, the New York-based rating firm announced. The country’s long-term credit rating was lowered to “BB-” from “BB+” while Barbados’ outlook was […]

Cayman Tourism Director Stepping Down

Above: the Cayman Islands By the Caribbean Journal staff Cayman Islands Director of Tourism Shomari Scott will be leaving his post at the end of this year. Scott, who had served in the department since 2002, will officially leave Dec. […]

In Downtown Kingstown, Finding the Spirit of St Vincent and the Grenadines

Above: Basil’s Bar (All photos by CJ) By Alexander Britell KINGSTOWN — “THE ROTI came from above.” No, it wasn’t a verse out of some apocryphal Old Testament chapter recently discovered in the West Indies. The scene was Aggie’s, a […]

Haiti: United Nations Says Tent Camp Population Down to 172,000

Above: a tent camp in Haiti in 2011 (UN Photo/Logan Abassi) By the Caribbean Journal staff The number of Haitians living in tent camps as a result of the 2010 earthquake has fallen to 172,000, according to the United Nations’ […]

US Virgin Islands Officials “Assessing” Impact of Government Shutdown

Above: USVI Governor John de Jongh By the Caribbean Journal staff Officials in the United States Virgin Islands say they have begun assessing the impact of the federal government shutdown in the United States. On Tuesday, USVI Governor John de […]

HOVENSA Shutdown Leads to Significant Drop in US Virgin Islands’ GDP

Above: the USVI By the Caribbean Journal staff The real GDP of the United States Virgin Islands fell by 13.2 percent in 2012, according to the United States Bureau of Economic Analysis. That was due almost entirely to the shutdown […]

Antigua Unveils Plan For Improved Security at Downtown Quays

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s government has unveiled its plans for ramped-up security at the Quays in downtown St John’s. The plan includes an increase in the number of security officers, […]

Haiti: Number of People Living in Tent Camps Down 79 Percent Since 2010

Above: tent housing in Port-au-Prince (CJ Photo) By the Caribbean Journal staff The number of people still living in tent camps in Haiti as a result of the 2010 earthquake has fallen 79 percent since a 2010 high of 1.5 […]

Digicel Officially Opens Regional Headquarters in Downtown Kingston

Above: Digicel’s new headquarters in Kingston By the Caribbean Journal staff In what could prove to be a significant lift for Jamaica’s capital, Digicel has officially opened its new regional headquarters in downtown Kingston. The property will house more than […]

Bahamas: Serious Crimes Down By 14 Percent in 2013

Above: Bay Street in Nassau (CJ Photo) By the Caribbean Journal staff Serious crimes in the Bahamas have fallen by 14 percent over the first two months of 2013, according to Minister of National Security Dr Bernard Nottage. This also […]

Fire Shuts Down Wyndham in Kingston

Above: the Wyndham in Kingston By the Caribbean Journal staff A large-scale fire led to guest evacuations yesterday at the Wyndham hotel in Kingston and damaged several portions of the property. Operations have been suspended at the 303-guest-room property, which […]

S&P Downgrades Puerto Rico Rating

Above: Puerto Rico (CJ Photo) By the Caribbean Journal staff Standard & Poor’s ratings services has lowered its general obligation rating on the Commonwealth of Puerto Rico to “BBB-” from “BBB,” the New York-based firm announced. Puerto Rico’s outlook is […]

S&P Downgrades Grenada Credit Rating

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign and local currency sovereign credit ratings on Grenada to “SD” from “CCC+/C,” citing the announcement that the country would not pay its coupon due […]

Standard & Poor’s, Fitch Downgrade Jamaica Credit Rating

Above: Kingston (CJ Photo) By the Caribbean Journal staff Standard & Poor’s and Fitch have each downgraded Jamaica’s sovereign credit rating following the country’s announcement of a debt exchange offer on Monday night. The moves came after Jamaica announced a […]

Barbados Finance Minister: Moody’s Downgrade “No Surprise”

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

Barbados’ Bonds Downgraded to “Junk” Status by Moody’s

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]

Moody’s Downgrades Bahamas Credit Rating; Outlook Remains Negative

Above: Nassau (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the rating of the Bahamas’ government to “Baa1” from A3, the New York-based ratings firm announced Friday. The government’s outlook remains negative. Moody’s cited three major […]

Clinton Bush Haiti Fund to Wind Down

Above: Bill Clinton in Haiti (Photo: Clinton Foundation) By the Caribbean Journal staff The Clinton Bush Haiti Fund is no longer accepting donations or new project proposals, and will wind down operations on Dec. 31, the fund announced Friday. The […]

Op-Ed: Cutting Down the Cost of Government in Jamaica

By Ramesh Sujanani Op-Ed Contributor LOOKING AT this weekend’s headlines in Jamaica I found a stunning reminder to the people of Jamaica, rich or poor, that it is the government’s apparent feeling that they deserved the cars that they […]

LIAT Stakeholders Make Down Payment on Six New 50-Seat Planes

Above: a LIAT flight in Antigua By the Caribbean Journal staff The shareholder governments of regional air carrier LIAT have made the first down payment on six new 50-seat planes, according to St Vincent and the Grenadines Prime Minister Dr […]

IMF Downgrades 2012 Growth Outlook for St Kitts and Nevis

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission […]

Cricket: Windies Top Australia, Set Up Showdown With Sri Lanka

Above: Chris Gayle (Digicelcricket.com/Brooks LaTouche) By the Caribbean Journal staff The West Indies continued their surge through the Twenty20 World Cup in Sri Lanka, defeating Australia by 74 runs to set up a showdown with Sri Lanka on Sunday in […]

IMF: Dominican Republic Economy Slows Down, Fiscal Position Deteriorates

By the Caribbean Journal staff The Dominican Republic’s economy has slowed down this year, according to the International Monetary Fund, which recently concluded a staff visit to the country. The meeting, which took place from Sept. 10 to Sept. 18, […]

Standard & Poor’s Downgrades Caribbean Development Bank, Outlook “Stable”

Above: the bank, which had another ratings firm downgrade its credit, is based in Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term issuer credit rating on the Caribbean Development Bank from AAA to […]

IMF: Risks to Jamaica’s Economic Outlook “Tilted to the Downside”

Above: Montego Bay By the Caribbean Journal staff The outlook for Jamaica’s economy is one of low growth, along with weaker debt and fiscal positions, in the absence of strong fiscal and structural reforms, according to a report from the […]

President of Jamaica’s G2K, Delano Seiveright, to Step Down Next Month

By the Caribbean Journal staff Delano Seiveright, the president of the Jamaica Labour Party’s G2K young professional organization, will vacate office next month. In an email to supporters, Seiveright said he had confided the plan to several members of the […]

Mary J. Blige Just Joined the Lineup for the St Kitts Music Festival