Exxon set to begin oil production in Guyana in 2020

Exxon set to begin oil production in Guyana in 2020

GEORGETOWN, Guyana – Oil and gas giant ExxonMobil says it’s likely to commence oil production in Guyana by March 2020. Exxon’s Country Manager Rod Henson made the disclosure during a recent press conference where contents of the Stabroek Petroleum Agreement between the oil company and the Government of Guyana were shared. Guyana and ExxonMobil entered […]

CDB approves over (US) $5-million for Anguilla Electricity Company

CDB  approves over (US) $5-million for Anguilla Electricity Company

THE VALLEY, Anguilla – The Caribbean Development Bank (CDB) has approved over US$5 million in funding to support the Anguilla Electricity Company Limited (ANGLEC) with the complete restoration of its transmission and distribution system which was damaged during the passage of Hurricane Irma in September. The severe weather event destroyed poles, transmission lines and transformers, […]

Insurance company to pay out over (US)$250 million to hurricane-affected customers

Insurance company to pay out over (US)$250 million to hurricane-affected customers

BRIDGETOWN, Barbados– Massy United Insurance will pay out in excess of US$250 million to hundreds of customers affected by Hurricanes Harvey, Irma and Maria, which hit the Caribbean earlier this year. To date, the company has received in excess of a thousand claims from clients with damage. As at mid-December, 80 per cent of these have […]

New US policy raises difficult questions for the Caribbean

By David Jessop By law, every US President must publish a national security strategy. The objective is to provide the highest-level guidance on the responses required by the country’s military, diplomatic, and executive branches to real or perceived threats. Last Tuesday, following a speech by President Trump outlining his approach to national security, the White House […]

CDB approves US$100 million for Haiti

CDB approves US$100 million for Haiti

BRIDGETOWN, Barbados — The Barbados-based Caribbean Development Bank (CDB) is supporting the Government of Haiti in reducing poverty, building resilience, and achieving sustained economic growth for all. A new country strategy, approved by CDB’s board of directors on Thursday, proposes a programme of assistance of US$100 million for the period 2017 to 2021 to help […]

St Lucia to introduce new tax measures in line with EU standards

St Lucia to introduce new tax measures  in line with EU standards

CASTRIES, St Lucia – The St Lucia government says it will introduce tax reform measures to bring the country in line with European Union (EU) standards, after the country was among four Caribbean nations on a list of 17 global tax havens released by the EU. Minister in the Ministry of Finance, Senator Ubaldus Raymond […]

Toronto City Council approves Action Plan to confront Anti-Black racism

Toronto City Council approves Action Plan  to confront Anti-Black racism

Toronto City council last week voted unanimously to pass its proposed Action Plan to Confront Anti-Black Racism. Mayor John Tory described the five-year Plan as ” an important first-step “in dealing with  the  problem and establishing ” a more inclusive city that benefits all Toronto residents.” The Plan includes 22 recommendations and 80 actions to […]

Sovereignty can only be achieved through unity

By Carlton Joseph As  2017 comes to an end, Caribbean countries need to seriously assess our position in the world.  We must ask ourselves why are we poorer, after implementing IMF Structural Adjustment Programs that were supposed to improve our lives?  Is democracy, as practiced in the Caribbean, working for us?  Why is crime escalating […]

Why is slavery still alive today?

Why is slavery still alive today?

How is it possible that slavery has reappeared on the African continent as an ongoing commercial enterprise? While due note is to be taken of the shocked and embarrassed reactions and the political decisions on the part of African governments and the international agencies, Jamaica and Canada are to be commended for taking strong positions […]

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