ministry of finance

Bermuda GDP Falls Again in 2011, But Tourism Industry a Bright Spot
Flights

Allegiant Is Acquiring Sun Country Airlines, With Big Implications for Caribbean Travel

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Two of the United States’ largest leisure-focused carriers are set to combine, with Allegiant announcing a definitive agreement to acquire Sun Country Airlines in a cash-and-stock transaction that values Sun Country at approximately $1.5 billion. Under the terms of the agreement, Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun […]

ministry of finance

St Kitts and Nevis Government Working on Debt Restructuring Plan

Above: Charlestown, Nevis (CJ Photo) The government of St Kitts and Nevis is in advanced discussions with the Caribbean Development Bank on a comprehensive debt restructuring exercise. The two sides are discussing a partial guarantee from the CDB that would be attached to new instruments issued by the government to participating creditors. “The partial guarantee […]

ministry of finance

Jamaica Talks Flat Tax for Informal Sector

Above: Commerce Minister Dr Christopher Tufton and Finance Minister Audley Shaw By the Caribbean Journal staff The Chartered Accountants of Jamaica have proposed applying a flat tax rate for operators in the country’s informal sector, like taxi drivers and vendors, who often “escape the government’s tax net.” Getting unpaid and unfilled taxes has been a […]