BRIDGETOWN, Barbados, CMC – The Barbados government has welcomed the agreement signed by Foursquare Rum Distillery to distill, blend and bottle a brand of rum known as “10 Cane’ which officials say is expected to rake in BDS$100 million (One Barbados dollar = US$0.50 cents) in foreign exchange. “Rum...

ST JOHN’S, Antigua – Prime Minister Baldwin Spencer will be the first of a number of Caribbean leaders to have bilateral talks with China’s new President Xi Jinping on June 1. President Xi’s meeting with the prime minister, will take place during his (President Xi’s) state visit to Trinidad & Tobago...

KINGSTOWN, St. Vincent, CMC – Prime Minister Dr. Ralph Gonsalves says the Bolivarian Alliance for Our Americas (ALBA) Bank is making available a US$40 million loan to St. Vincent and the Grenadines. Gonsalves told legislators that a delegation from the bank had been here and that the money would be ...

ST. GEORGE’S, Grenada, CMC – The Grenada parliament has approved an amendment to existing terrorism legislation so to confiscate the assets of anyone once the Attorney General is of the belief the asset was gain through terrorist activities. Previously, law enforcement authorities had to prove that...

(Trinidad Express) Local banks are on track to being compliant with US tax legislation, the Foreign Account Tax Compliance Act (FATCA), by next year’s deadline, Bankers’ Association president David Dulal-Whiteway said yesterday. FATCA was enacted in the US Congress in 2010 and is part of that countr...

PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government is questioning the decision by France to blacklist the oil-rich twin island republic over claims that Port of Spain does not help investigate foreign aid fraud. Paris this week announced that Trinidad and Tobago and Dominica were the ...

GEORGETOWN, Guyana - France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Cari...

BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados says a recent report issued by the Organisation for Economic Co-operation and Development (OECD) is raising many “difficult issues not least of which is the need for an international coordinated approach on the rights to tax”. The Central Bank...

GEORGETOWN, Guyana - The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both ...

PORT OF SPAIN, Trinidad - TRINIDAD and Tobago’s importance to the two most economically powerful countries of the world is being fully displayed this week by virtual back-to-back official visits, first by US Vice-President, Joseph Biden, then by the People’s Republic of China’s President, Xi Jingpin...