Month: January 2011

January 27, 2011

PPC LTD’S PARENT COMPANY SUPPORTS DIABETIC ASSOCIATION

  Fortis Inc, PPC’s parent company has once again donated $2,000 in lieu of Christmas cards to a TCI non-profit organisation. Donations were made to charities based in each of the countries where Fortis Inc. operates. All employees were given the…

January 27, 2011

Australia floods: PM Julia Gillard unveils new tax

Australia's Prime Minister Julia Gillard has announced a new tax to help pay for devastating floods that she says…

January 27, 2011

Microcredit in Bangladesh ‘helped 10 million’

Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign.…

January 27, 2011

Credit Unions hard hit by economic downturn

The current economic environment is taking a serious toll on credit unions as more members face lay-offs and find it difficult to pay their loans on time. This was revealed by Central Bank Governor Ewart Williams, during yesterday’s launch of…

January 27, 2011

St Kitts-Nevis Development Bank committed to funding small and medium projects

When the European Investment Bank extended a new line of credit to the tune of US$8 million to the Development Bank of Saint Kitts and Nevis last December, its official observed that the local bank not only commands a leading position and…

January 27, 2011

US to offer amnesty for Caribbean offshore account-holders

The United States said it plans to announce a new amnesty programme aimed at encouraging wealthy Americans with hidden offshore bank accounts in the Caribbean and elsewhere to come forward, declare the funds and pay the necessary taxes.…

January 27, 2011

Free movement of persons, but according to our laws, says Barbados PM

Barbados is not opposed to the freedom of movement of persons in this region, Prime Minister Freundel…

January 27, 2011

Former Court of Appeal judge sues St Lucia government for retirement benefits

Former Eastern Caribbean Court of Appeal Judge, Denys Barrow, has filed a claim against the government of St Lucia for his retirement benefits. Barrow, a Belizean, said in a statement that he was forced to file a claim against the government of…

January 27, 2011

Guyana will not arrest Suriname president

Guyana's President Bharrat Jagdeo says that his country will not arrest Suriname's head of state, Desi Bouterse, when he visits Guyana. Jagdeo made the statement in response to a question posed by an officer of the Guyana Defence Force at the…

January 27, 2011

Lime cuts top execs

Cable & Wireless Caribbean (C&W) has cut three of its very senior executives and Barbadian vice-president Donald Austin is among them. In a major shake-up that a C&W official described yesterday as a “realignment of the management team”, the…