NASSAU, Bahamas, CMC – The Bahamas has praised Ireland for its contribution to the development of the Caribbean Community (CARICOM) saying it is also playing a pivotal role in the island’s accession to the World Trade Organization (WTO). Foreign Affairs Minister Fred Mitchell said the establishment of an Irish consulate here will further deepen diplomatic relations between the countries since they established in 2007.
CGX announced that it has begun drilling for oil in the Eagle-1 Well in its 100% owned and operated Corentyne Petroleum Prospecting Licence – the same spot it was evicted from by Surinamese gunboats 12 years ago.
CGX’s rig is the second to be drilling for oil simultaneously offshore Guyana, a first for this country. CGX also has a 25% interest in the other licence which also includes Repsol and Tullow.
A launch of the interest clusters on technology deployment roadmaps for islands and power grid integration on islands under the Global Renewable Energy Islands Network (GREIN) initiative, established at the Third Assembly of the International Renewable Energy Agency (IRENA) was held in Auckland, New Zealand on 24 March 2013.
CGX starts drilling Eagle-1 well -same spot it was evicted from in June 2000
By STABROEK NEWS , MONDAY FEBRUARY 13, 2012
CGX announced that it has begun drilling for oil in the Eagle-1 Well in its 100% owned and operated Corentyne Petroleum Prospecting Licence – the same spot it was evicted from by Surinamese gunboats 12 years ago.
CGX’s rig is the second to be drilling for oil simultaneously offshore Guyana, a first for this country. CGX also has a 25% interest in the other licence which also includes Repsol and Tullow.
LONDON—A pledge by the Group of Seven most powerful economies to not intentionally weaken their currencies pushed stocks higher on yesterday while dragging the dollar lower against the Japanese yen and the euro. The G-7 nations, which include the US, Japan and Germany, said their economic policies should be "oriented towards meeting domestic objectives and not towards setting specific exchange rates." That was meant to ease concerns that major economies were retooling their monetary policies to specifically weaken their national currencies to help domestic exporters.
PORT OF SPAIN, Trinidad and Tobago, Express- NOW THAT Carnival 2013 is over Trinidad and Tobago may well give some thought to last weekend's statement by Prime Minister Ralph Gonsalves of St Vincent and the Grenadines that this country is breaching Caricom's Revised Treaty in providing fuel subsidy support to state-owned Caribbean Airlines (CAL). Gonsalves currently wears two hats pertaining to regional air transport— he is chairman of the shareholders group for island-hopping airline LIAT and he has lead responsibility among Caricom Heads of Government for air and sea transportation.
KINGSTON, Jamaica, Observer - WE have a sense that the Government's version of JDX, being called the National Debt Exchange Offer, is a smart way to squeeze $17 billion annually out of the system, without sending the nation into panic. We will return to this tomorrow in this space. But at the same, we also have the sense that Monday night's national broadcast by Prime Minister Portia Simpson Miller and Finance Minister Dr Peter Phillips, which announced the JDX 2, has to be followed soon by a deeper effort to mobilise the nation around resolving our debt issue and raising revenues.
KINGSTON, Jamaica, Observer - It was not a happy group inside the Bank of Jamaica Auditorium in Kingston yesterday morning as Prime Minister Portia Simpson Miller and Minister of Finance and Planning Dr Peter Phillips hosted the launch of the National Debt Exchange (NDX). The second of its kind in three years, Simpson Miller has indicated that the offer is a critical component of both the anticipated International Monetary Fund (IMF) agreement and the country's debt-reduction programme.
KINGSTON, Jamaica, Observer - ELIMINATING discretionary waivers altogether could return $4 billion in revenue to the Government. But the tax breaks, which are approved after applications are considered by the finance ministry, mostly go to charitable organisations, while public sector bodies and government contracts take up a significant portion of the rest. What's more, with a targeted primary surplus of 7.5 per cent of GDP, or approximately $100 billion next fiscal year, the possible savings hardly dent a $20 billion to $40 billion shortfall.
KINGSTON, Jamaica, Gleaner - Monday night's unprecedented joint broadcast by Prime Minister Portia Simpson Miller and Finance Minister Peter Phillips about the proposed restructuring of Jamaica's domestic debt - and other measures to reform the economy - is a welcome first step. But Mrs Simpson Miller and Dr Phillips will understand if this newspaper, as do many other Jamaicans, wants to see the Government do more to be assured that the administration is not merely flattering to deceive. For we have been here before.