May 3, 2015
Value of imports increased by 9.6% for the 1st quarter of 2015
The Strategic Planning Policy Department (SPPD) today released some statistics that show Merchandise imports to the Turks and Caicos Islands increased by 9.6% during the first quarter of 2015 when compared to the same period last year. It noted…
April 28, 2015
Twitter reports disappointing sales
Twitter has reported lower than expected revenue for the first three months of the year, saying that new products sold less well than forecast. The micro blogging firm warned that it expected the negative impact on its revenue to continue for the…
April 22, 2015
Digicel WELCOMEs ANNOUNCEMENT BY ST. LUCIA NTRC OF PUBLIC CONSULtATION ON lime / flow MERGER
Digicel today confirmed its strong support for the announcement by the National Telecommunications Regulatory Commission of St. Lucia (‘St. Lucia NTRC’) of a public consultation process in relation to the merger between Cable and Wireless…
April 21, 2015
Russian economy shrinks 2% as sanctions bite
Russian Prime Minister Dmitry Medvedev said Russia's economy shrank by 2% in the first three months of this year, the first contraction since 2009. He attributed the shrinkage to the pressure of sanctions and the weak oil price. But, addressing MPs,…
April 15, 2015
China Economic Growth Hits 6-Year Low
China's economy grew at its slowest pace in six years last quarter, according to data released Wednesday, raising fresh concerns over the condition of the world's second largest economy. Growth declined to 7 percent in the first quarter of 2015,…
April 11, 2015
ECCB Upgrades Security Thread for Banknotes
As part of its thrust to maintain the integrity and security of the EC currency, the Eastern Caribbean Central Bank (ECCB) has upgraded the security thread on all banknotes, with the exception of the $5.00 banknote. The update to the security thread…
April 5, 2015
Sri Lankan Airlines accused of ‘culture of corruption’
The Sri Lankan government has launched a criminal investigation into the country's national airline over allegations of "shocking" corruption. A statement from the prime minister's office said that an inquiry had unearthed "major security breaches"…
March 23, 2015
Greek and German leaders meet amid cash shortage fears
Greek Prime Minister Alexis Tsipras is meeting German Chancellor Angela Merkel amid mounting concern that Athens is running out of money. The two countries have been at odds over Greece's efforts to renegotiate the terms of its international…
March 22, 2015
TCIG REDUCES BUSINESS LICENSE FEES AS OF 1 APRIL 2015
The Revenue Department in the Ministry of Finance would like to inform the general public of the following in regards to the Business License program: o Cabinet has approved a reduction in fees averaging 50% across the board with effect from 1…
March 19, 2015
Barbados economy expected to show growth in 2015
The Barbados economy is expected to grow by two per cent per cent next year with the Central Bank reporting that fiscal adjustment measures have reduced the deficit by nearly one per cent of gross domestic product (GDP) so far this fiscal year. In…