All eyes have been on China this week after it allowed a surprise devaluation of its currency on Monday, sending global markets into a tailspin. It has continued to guide the yuan lower since then, triggering memories of the last time the country caused a market freakout by weakening the currency, also known as the renminbi. But make no […]
The St Lucia government has given the nod to the re-establishment of a marijuana commission that has been given the mandate to consult and provide advice on the design of a legislative and regulatory framework for cannabis. Commerce, Industry Investment and Enterprise Development, Bradly Felix said in 2918 a commission had been mandated to examine […]
Minister in the Ministry of Foreign Trade Sandra Husbands, says civil service reform is important.
Access to funding continues to be one of the biggest hindrances to starting a business in Barbados. That’s according to Ayanna Young-Marshall, Lecturer of International Business at the University of the West Indies. However, Ms. Young-Marshall says the government has sought to address this with its Trust Loans Programme. And The University of the West […]
Opposition Leader Lennox Linton Wednesday said a “new Dominica” would only be realised when his United Workers Party (UWP) is elected to office in the next general election as he brushed aside the fiscal policies outlined by Prime Minister Roosevelt Skerrit during the presentation of the EC$1.02 billion (One EC dollar=US$0.37 cents) budget 24 hours […]
The Economic Commission for Latin America and the Caribbean (ECLAC) Wednesday said economic growth across the Caribbean region is expected to increase slightly to 2.1 per cent this year. ECLAC launched its “Economic Survey of the Caribbean 2019,” and according to the Trinidad-based ECLAC deputy director, Dillon Alleyne, economic growth strengthened across the Latin America […]
More jobs and another drive-thru coming for Burger king. Word of this comes from General Manager Ryan Walters, who explained that BURGER King will be relocating its Trident House, Bridgetown branch to the Esso gas station in Hastings, Christ Church, within the next three months. He says there will be no job losses as a […]
The St. Lucia Tourism Authority (STA) says it supports the government’s position of not agreeing to an EC$20 million (One EC dollar=US$0.37 cents) subsidy over a three year period as demanded by the British carrier, Virgin Atlantic. “We understand the possible impact that the British carrier’s withdrawal can impose on the industry, however the St. […]
The US economy grew less than previously thought last year, missing President Donald Trump’s target of 3%.
Government is looking to bring back a greater level of accountability to the way the country is managed through the proclamation of a public finance bill later this month.