May 17, 2022
Sri Lanka down to last day of petrol adds new Prime Minister
Sri Lanka's new prime minister says the country is down to its last day of petrol as it faces its worst economic crisis in more than 70 years. In a televised address, Ranil Wickremesinghe said the nation urgently needs $75m (£60.8m) of foreign…
May 17, 2022
St. Vincent green light to virtual asset legislation
The St. Vincent and the Grenadines has become the fourth member of the Eastern Caribbean Currency Union (ECCU) to approve virtual assets legislation drafted by St. Kitts-based Eastern Caribbean Central Bank (ECCB). The ECCU member countries are…
May 16, 2022
Global wheat prices jump after India export ban
The price of wheat has jumped on international markets after India banned the export of the staple cereal. The benchmark wheat index rose as much as 5.9% in Chicago, the highest it has been in two months. The export ban comes as a heatwave has hit…
May 9, 2022
Bahamas registered near 14 per cent economic growth in 2021
The Bahamian economy exhibited a measured pace of recovery during 2021, the Central Bank of the Bahamas (CBB) has said. In its just released 2021 Annual Report, the CBB said that the domestic economy registered a growth of 13.7 per cent last year,…
May 4, 2022
US makes biggest interest rate rise in 22 years
The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices.The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a…
May 3, 2022
ScotiabankTCI announces new standards for parental leave for employees
Scotiabank TCI, announced that it will be adopting a new standard for parental leave for employees. The enhanced offering will include increased fully paid leave for all parents welcoming a new child, including adoptive parents, legal guardians and…
May 2, 2022
New Banknotes to be unveiled on May 4
The Central Bank of Barbados will within a few days, unveil new banknotes that will go into circulation at the end of this year. On May 4, the bank will host the official launch event for the new polymer banknotes , in an event that will be…
April 29, 2022
ECLAC warns economic slowdown deepens in the Caribbean
The Economic Commission for Latin America and the Caribbean (ECLAC) has warned that the economic slowdown in the region is deepening, with the economies facing “a complex juncture in 2022 due to the war between Russia and Ukraine, which ushers in a…
April 25, 2022
Bahamas Government moving to establish carbon credit payment system
The Bahamas government has tabled legislation that will allow for the establishment of a carbon credit payment system for the country. Prime Minister Philip “Brave” Davis has tabled the Climate Change and Carbon Market Incentives Bill that seeks to…
April 20, 2022
G-24 countries warn of uncertain growth prospects
The Inter-Governmental Group of 24 on International Monetary Affairs and Development (G-24) Tuesday said that the coronavirus (COVID-19) pandemic has imposed huge costs and that man impediments to the global recovery remain, with growth prospects…