ST JOHN’S, Antigua – Seven hundred and thirty-one local BAICO policyholders are slated to receive monies they have been awaiting for four years, in Phase II of the collapsed companies payouts. Local judicial manager for the defunct company, Cleveland Seaforth, said the governments of the Eastern Caribbean Currency Union (ECCU) gave permission to release payments for Phase II of their BAICO Policyholders Relief Programme on March 25.
News
CASTRIES, St. Lucia, CMC-A planned protest march by Civil Servants failed to materialise on Thursday, as organisers were not granted Police permission to take to the streets.
Acting Police Commissioner Errol Alexander said in planning their march the Civil Service Association did not conform with the Public Order Act, which requires that permission be sought three days ahead of a march.
He also said the organisers did not indicate in their letter the number of persons expected to participate in the march as required by the legislation.
KINGSTON, Jamaica, CMC - Ahead of Thursday’s presentation of the 2013/2013 Budget Debate, a local financial analyst is warning of major challenges on the horizon . With the Budget being tabled against the background of a not yet signed deal with the International Monetary Fund (IMF), financial analyst, Dennis Chung, believes it will be difficult for the Government to meet its revenue target. “My own feeling is that the country might have gotten to a point where you getting declining returns from new tax measures.
KINGSTON, Jamaica, CMC - The islandwide protest by doctors in the public health sector has stemmed from an impending reclassification exercise to be undertaken during the 2013/2014 financial year.
Health Minister, Dr. Fenton Ferguson who made this disclosure in Parliament on Thursday afternoon said he hopes the Ministry of Finance will deal with the reclassification issue swiftly to bring back normality to the public health service.
Protest action by the doctors has led to large crowds at public hospitals and clinics across the island.
KINGSTON, Jamaica - Most government ministries and departments will have to survive with less money this fiscal year as Finance Minister Dr Peter Phillips has kept his word and dramatically tightened the Government's spending plans.
Phillips yesterday tabled a spending plan for the 2013-2014 fiscal year which reflects huge savings on interest payments and debt repayment but still leaves ministries and agencies with less to spend when inflation is factored in.
KINGSTON, Jamaica, CMC – Governor General Sir Patrick Allen says the divestment of Public Sector assets and a major infrastructural project will be some of the areas of focus by the Portia Simpson Miller administration in this legislative year. “Through a managed privatisation process, the Government intends to make a renewed effort to dispose of some Public Sector assets to the Private Sector or the community, where it is determined that these assets would be more productively employed by them on a sustainable basis.
NASSAU, Bahamas, CMC – The Bahamas government says it will move to install emergency lights at the Mayaguana airport after an aircraft crashed into a vehicle killing three people on Thursday.
“As a result of this terrible turn of event the Ministry of Transport is now intervening to procure the immediate installation of emergency lights in Mayaguana and will thereafter install lights in Fresh Creek Andros and Stella Maris, Long Island,” Transport and Aviation Minister Glenys Hanna-Martin said in a statement..
GEORGETOWN, Guyana - According to a recent international study conducted by the Organisation for Economic Cooperation and Development (OECD), teachers are giving girls higher marks than boys in school-based assessments, not simply because they are brighter but because they are being rewarded for such attributes as attentiveness, eagerness and organisational skills. The study also suggests that socio-economically advantaged students fare better than their less fortunate peers.
BRIDGETOWN, Barbados - How beneficial or not to the Caribbean is the Economic Partnership Agreement (EPA) between the 27-nation European Union (EU) as a bloc and the 15 small Caribbean members of CARIFORUM individually?
UNITED KINGDON—Two Caribbean countries were among the offshore havens used by more than 175,000 UK-registered companies with directors giving addresses in those jurisdictions, the UK Guardian reported yesterday. This raises fresh concerns about the scale of Britain’s involvement in offshore secrecy arrangements.