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Government promises improved economic situation

BASSETERRE, St. Kitts CMC – Prime Minister Dr. Denzil Douglas is predicting an improved economic situation in St. Kitts-Nevis when he presents the federation’s national budget next Tuesday.
“I must point out that our country’s current account surplus, the overall balance surplus, and the primary balance surplus …will all be realized even after the reduction in corporate taxes and these surpluses will continue in 2014, even after the full effect of this reduction has been felt,” said Dr. Douglas.

Government seeking to get unions agreement on wage freeze

KINGSTON, Jamaica, CMC – The Jamaica government says it is continuing efforts for a wage restraint agreement within the public service, but not all unions have bought into the initiative which is seen as important to sealing a deal with the International Monetary Fund (IMF).
Public Utilities Minister Horrace Dalley, said the three-year agreement, which was signed last month, will result in civil servants forgoing major wage increases for the period 2013 to 2015.

Civil servants plan street protest in support of wage demands

CASTRIES, St. Lucia, CMC – Civil servants have voted to take to the streets on Thursday in support of their demands for increased salaries of more than four per cent that the St. Lucia government says it is not able to pay.
The action by the Civil Service Association (CSA) also indicates a growing spilt within the Trade Union Federation (TUF) after CSA president Mary Isaac questioned the “solidarity” being shown by other public sector unions grouped under the umbrella body.

Jamaicans to know size of 2013/14 budget April 4

KINGSTON, Jamaica - Jamaicans will know what the Government intends to spend during the 2013/14 financial year on April 4, when Finance Minister Dr Peter Phillips tables the Estimates of Expenditure for that year in the House.
Tabling of the Estimates will follow the State Opening of Parliament, when Governor-General Sir Patrick Allen will deliver the Throne Speech outlining the Government's priorities for 2013/14.

Eating ourselves to death

PORT OF SPAIN, Trinidad - The figures have been known for some years now— over half of the adult population of Trinidad and Tobago is overweight. But a recent comparative statistic, which ranks T&T as the third fattest country in the world, emphasises just how dire this situation is.

IMF, World Bank not doing enough for debtor countries

KINGSTON, Jamaica - IN recent years, the small states of the Caribbean have experienced low rates of economic growth, with the last rapid growth spurt in the 1980s that was fuelled mainly by expansion of tourism, banana exports and public investments.
The slowdown that started in the 1990s was triggered by the loss of trade preferences for sugar and bananas, higher oil prices and deterioration of the terms of trade, causing reduced fiscal space. The effective buffer has been remittances which have grown steadily despite the economic downturn in the US.

Caribbean Finance Intelligence Unit heads meet in Antigua today

ST JOHN’S, Antigua – Finance Intelligence Unit heads from the English-speaking Caribbean will begin a major two-day meeting at the Jolly Beach Resort from April 3-4.
Up for discussion will be methods of tackling money laundering along with asset forfeiture and the proceeds of crime.
Prime Minister of Antigua and Barbuda, Baldwin Spencer, will deliver a keynote address at the opening ceremony today, which is being chaired by Lt Col Edward Croft.

Jamaica looking to further develop hydro power sector

sector KINGSTON, Jamaica, CMC – The Italian consulting firm, SP Studio Pietrangeli will undertake a J$109 million (US$ One Jamaica dollar = US$0.01 cents) feasibility study on five potential hydro power sites across the island.
The Ministry of Energy says it will partner with the Petroleum Corporation of Jamaica (PCJ) in undertaking the feasibility project being carried out as part of the Energy Security and Efficiency Enhancement Project, funded through a 2011 World Bank loan agreement. The feasibility work will end in August this year.

Ja must prepare for a major earthquake - US expert

KINGSTON, Jamaica - United States seismic expert Professor Eric Calais has called for Jamaicans to put in place long-term strategies to prepare for another major earthquake on the island.
An article published Monday by the Claims Journal website noted that based on the area's history and active seismic activity, the threat can become real.

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