Search Result for: revised

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Montserrat Development Corporation Names New Board of Directors

Above: Montserrat By the Caribbean Journal staff The Montserrat Development Corporation has named a new board of directors to help execute the company’s mandate of driving private sector growth. Its incoming chairman will be John Ryan, a local Montserratian businessman […]

Cricket: Russell Spins West Indies Past New Zealand in Kingston

Above: Andre Russell (Digicelcricket.com/Brooks LaTouche) By the Caribbean Journal staff The West Indies topped New Zealand Thursday with a nine-wicket victory in the first One-day International at Sabina Park in Kingston. The match marked a homecoming of sorts for Jamaica’s […]

St Kitts and Nevis Meets Performance Targets, But IMF Lowers Growth Outlook

Above: St Kitts (Photo: SKT) By the Caribbean Journal staff The International Monetary Fund has lowered its economic outlook for St Kitts and Nevis’ economy in 2012, with a projected growth of zero percent, although the country did meet all […]

Op-Ed: FATCA’s Impact on Jamaica

By David Rowe Op-Ed Contributor Jamaican green card holders and US citizens resident in Jamaica should be aware of the FATCA statute. The Foreign Account Tax Compliance Act has been passed and will affect these two categories of individuals when […]

OECS Assembly to Meet Aug. 10

By the Caribbean Journal staff The new OECS Assembly, which was initially slated to hold its first meeting in the middle of this month, will be inaugurated Aug. 10. This was disclosed at the 55th meeting of the OECS Heads […]

Op-Ed: Taxing Jamaica’s Future

By Ramesh Sujanani Op-Ed Contributor There is no doubt that Jamaica is one of the world’s most taxed countries (in more ways than one). Nominal incomes for low-to-middle income individuals, after taking out the exemption level, (which has been revised […]

Ilio Durandis: Why Haiti Must Invest in an Innovative Revolution

By Ilio Durandis CJ Contributor Haitian government officials are saying that the country is ready for takeoff, but the destination is unknown, and how the country will take off is still not clear. The time can no longer be about […]

Antigua’s Opposition Talks OECS Union

By the Caribbean Journal staff Antigua’s Deputy Leader of the Opposition, Gaston Browne, and Member of Parliament Molwyn Joseph attended a one-day meeting on the OECS Economic Union Friday. The two lawmakers, who were joined by their college of opposition […]

Trinidad PM Seeks to Abolish Privy Council Appeals in Criminal Matters

Trinidad and Tobago’s government will be introducing legislation to abolish Privy Council appeals in all criminal matters, Prime Minister Kamla Persad-Bissessar announced in a statement to Parliament Wednesday. All of those cases would be ceded to the Caribbean Court of […]

Barbados to Host First Sitting of Caribbean Court of Justice Outside of Trinidad

Above: the CCJ’s headquarters in Port of Spain By the Caribbean Journal staff The Caribbean Court of Justice will meet in Barbados beginning April 16, the first time the court will be sitting outside of its base in Port of […]

British Virgin Islands Weighing Options on OECS Economic Union

Above: Scrub Island in the BVI By the Caribbean Journal staff The British Virgin Islands is in the process of weighing how closely it would like to be tied to the Organization of Eastern Caribbean States. The British Virgin Islands […]

OECS Regional Assembly Moves Forward

Above: St John’s, Antigua By the Caribbean Journal staff The inaugural session of the OECS Regional Assembly is on track to be held in Antigua on June 15. The new regional assembly, whose convention was decided at the 54th Meeting […]

Montserrat Aid Package on Track: DFID

Above: Dr. Kato Kimbugwe (centre) and Governor Adrian Davis (left) By the Caribbean Journal staff The government of Montserrat and the United Kingdom’s Department for International Development are closer to finalising a new aid package for the upcoming 2012/2013 budget […]

IMF Urges Montserrat to Reduce Dependence on United Kingdom Grants

By the Caribbean Journal staff The International Monetary Fund is urging Montserrat to reduce its dependence on recurrent and capital grants to fuel its economy, along with maintaining its ongoing reforms by the fund’s executive board. In the IMF’s recent […]

Antigua Passes New Election Bill

Above: Antigua’s Parliament By the Caribbean Journal staff Antigua’s House of Representatives passed a bill that will make several major changes to the country’s electoral commission, along with making minor adjustments to the process of maintaining a registry of electors […]

Term Limits for OECS Officials?

Above: the Antiguan Parliament Antiguan Sen. Joanne Massiah told her country’s Upper House this week that term limits should be compulsory for those appointed to head the OECS and other regional institutions. The senator, who is a member of the […]

S&P Explains Bahamas Downgrade

Above: downtown Nassau (Photo: CJ) By Alexander Britell On Monday, ratings firm Standard & Poor’s announced it had lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, citing a heavier weight its new sovereign credit rating criteria places on […]

S&P Lowers Bahamas Sovereign Rating

By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, […]

Antigua House Passes Basseterre Treaty

Above: the Antiguan Parliament (Photo: ABG) By the Caribbean Journal staff Antigua’s Lower House of Parliament passed the Revised Treaty of Basseterre yesterday, establishing the Organisation of Eastern Caribbean States Economic Union Act 2011. The revised treaty creates a single […]

Anguilla Chamber of Commerce President Keithley Lake Talks Business

Above: the Viceroy Anguilla By Alexander Britell While Anguilla saw a wave of luxury resort development during the economic boom in the middle of the decade, like the rest of the Caribbean it was hurt by the economic downturn. Some […]

Cayman Passes Gender Equality Bill

By the Caribbean Journal staff Members of Cayman’s Legislative Assembly passed a new version of the island’s Gender Equality bill that incorporated feedback from community organisations and professional associations. The Ministry of Gender Affairs spent the month of August working […]

Dookeran: Trinidad Economy Stable

By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran said the country’s economy remains stable, despite Standard & Poor’s decision to lower the country’s long-term local currency sovereign credit rating. The new development, he said, was part of a […]

Antigua PM Spencer: CARICOM Committed to Integration

CARICOM has just concluded its Heads of Government meeting in Guyana, and Antiguan Prime Minister Baldwin Spencer said the group had reaffirmed its commitment to single-market integration. “Much has been accomplished over the years in several areas including functional co-operation […]

Ramnarine Condemns Attack on West Indies Cricket Team

After an attack on the West Indies cricket team in Bangladesh, the West Indian Players Association came out with a strong condemnation. WIPA President and CEO Dinanath Ramnarine said it was “regrettable what transpired in Bangladesh,” according to a statement […]

Jamaica’s Cruise Industry Is Growing, Buoyed by Royal Caribbean and Disney