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Terrorism and global instability

BRIDGETOWN, Barbados - OVER THE PAST FOUR YEARS there was increasing evidence that France wanted to assert its power in many flashpoints around the world. It started with former President Nicolas Sarkozy and now being promoted by current President François Hollande.
The opportunity has presented itself in the Central African country of Mali where French forces have bombed the bases of rebels, who have threatened to advance on the capital Bamako from their strongholds in the north.

Government moves to restrict granting of waivers

KINGSTON, Jamaica, CMC – The Jamaica government says it will soon move to restrict the discretionary power of the finance minister to grant waivers.
Finance and Planning Minister Dr. Peter Phillips says a comprehensive review of the discretionary power of the Minister of Finance to grant waivers has been completed, with a view to improving the efficiency of the tax system.

New ball for the Windies?

BRIDGETOWN, Barbados - In 2005, West Indies cricket took an exciting turn with the launch of the Stanford 20/20 tournament, and later the Stanford Super Series. These competitions injected new life into the standing of the game throughout the region, with its big entertainment factor and, of course, mind-boggling prize monies. Fears about the future popularity of cricket subsided, as the higher pay-days meant that the prospect of being a professional cricketer became more attractive to young players.

EDITORIAL - Cabinet getting on track

KINGSTON, Jamaica - They didn't accomplish as much as they should have, but enough for us not to insist that the Cabinet head back into a special session to get the job done.
We now know that the International Monetary Fund (IMF) wants the Government to be more aggressive about its primary surplus. The target for the next three fiscal years is now 7.5 per cent of gross domestic product (GDP), rather than 6.3 per cent.
We also know that the Government is negotiating some kind of debt-amelioration programme with its domestic creditors.

Opposition moves to block Premier from contesting elections

CHARLESTOWN, Nevis, CMC – The main opposition Concerned Citizens Movement (CCM) has filed an injunction seeking to prevent Premier Joseph Parry and his deputy, Hensley Daniel from contesting the January 22 Nevis Island Administration (NIA) elections.
The CCM said that the injunctions were based on the court ruling in the recent election petition case that made both men ineligible to contest the polls.

Opposition Leader brushes aside suggestions of economic growth

KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace Tuesday brushed aside predictions by Prime Minister Dr. Ralph Gonsalves that St. Vincent and the Grenadines would record economic growth in 2013, saying the economy is worse than the country is being made to believe.
Responding to the EC$799.1 million (One EC dollar = US$0.37 cents) national budget presentation on Monday night by Prime Minister Gonsalves, the leader of the main opposition New Democratic Party (NDP) accused the government of engaging in “gonsieconomics”.

Zero growth

BRIDGETOWN, Barbados - The Barbados economy had a dismal performance in 2012, registering no growth, and the Central Bank is predicting hardly any increased economic activity in the country this year.
Central Bank Governor Dr DeLisle Worrell delivered the disappointing news yesterday in his review of the economy for last year and his projections for the next 12 months.

Barbados predicts modest economic growth for 2013

BRIDGETOWN, Barbados, CMC – Barbados is forecasting less than one per cent real economic growth for 2013 up from “no real growth” last year.
The Central Bank of Barbados said that the 0.7 per cent forecast for this year is based on the most recent forecast by the International Monetary Fund (IMF) of average growth of 1.7 per cent for the United States, the United Kingdom and Canada, the island’s major trading partners.

Union puts nationwide strike on hold

BRIDGETOWN, Barbados, CMC - The Barbados Workers Union (BWU) has decided to put on hold, plans for a national strike pending the outcome of talks with Prime Minister Freundel Stuart on Friday.
Prime Minister Stuart has summoned officials from the union and the telecommunications company, Cable and Wireless (Barbados) Limited, to the meeting in a bid to end the impasse over the company's refusal to withdraw termination letters issued to 97 workers last week.

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