- Home
- Economy, Trade & Investment
- Financial Crisis/ Recession
Financial Crisis/ Recession
Dominica to Receive EC$17 million From EU
- By S Coward
- Published 08-Jul-10
- Financial Crisis/ Recession
- Unrated
July 8, 2010 -- Dominica is set to receive EC$17 million dollars (EURO 5.2 million)
from the European Commission to cushion the effect of the global
economic crisis.
Cayman Islands Get the Go-Ahead to Borrow
- By S Coward
- Published 09-Jun-10
- Financial Crisis/ Recession
- Unrated
June 9, 2010 - Following meetings between the FCO's overseas territories minister and
the Cayman Islands premier, the UK has agreed in principle for the
government to add to the country’s debt to help get public finances
back on track.
Bahamas: Government Cuts ZNS Budget in Half; Staff Cuts Expected
- By S Coward
- Published 01-Jun-10
- Financial Crisis/ Recession
- Unrated
Nassau -- June 1, 2010 -- The Broadcasting Corporation of The Bahamas, which
is commonly referred to as ZNS, will suffer a 50 percent budget cut in
the 2010/2011 fiscal year.
Cayman Islands: Civil servants: 'We'll take pay cut'
- By S Coward
- Published 14-May-10
- Financial Crisis/ Recession
- Unrated
May 14, 2010 -- (compasscayman.com): The Cayman Islands Civil Service
Association has indicated it will not oppose government plans to cut workers’
salaries by 3.2 per cent starting in July.
Antigua: US Senators Enlist President’s Aid to Block IMF Loan
- By S Coward
- Published 07-May-10
- Financial Crisis/ Recession
- Unrated
St. John's -- May 7, 2010 -- Two Republican senators are trying to stop a loan which the Baldwin
Spencer administration has said is an imperative if the country’s
finances are to be brought under control.
International Tourism: First Results of 2010 confirm Upward Trend
- By S Coward
- Published 28-Apr-10
- Financial Crisis/ Recession , Travel/Tourism
- Unrated
April 28, 2010 -- International tourism is steadily gaining momentum following an extremely challenging 2009.
Cayman Islands: Pension Holiday Now Law
- By S Coward
- Published 25-Apr-10
- Financial Crisis/ Recession
- Unrated
Georgetown -- April 25, 2010 -- Amendments to the National Pensions Law, allowing a temporary one-year
suspension of pension contributions for Caymanians and a temporary
two-year suspension period for non-Caymanians, takes effect Monday, 26
April.
Barbados: Central Bank on Economy's Performance in First Quarter 2010
- By S Coward
- Published 16-Apr-10
- Financial Crisis/ Recession
- Unrated
_thumb.jpg)
Bridgetown -- April 16, 2010 -- Barbados’ tourism held its own in the first quarter of 2010, and the country’s foreign exchange reserves held steady, if we set aside capital inflows and debt servicing.
Click to view video of Central bank Governor, Dr. DeLisle Worrell.
IMF: Report on St. Lucia
- By S Coward
- Published 09-Apr-10
- International Monetary Fund , Financial Crisis/ Recession
- Unrated
_thumb.jpg)
Washington -- April 9, 2010 -- Reflecting a sharp fall in tourist arrivals and subdued FDI-financed construction activity, the economy contracted by 5.2 percent in 2009. The outlook for 2010 points to a slow, fragile recovery, dependent on tourism demand in the USA and Europe. VIEW FULL REPORT.
St. Maarten: Economic figures in 2009 vary in all major sectors
- By S Coward
- Published 04-Apr-10
- Financial Crisis/ Recession
- Unrated
PHILIPSBURG--The St. Maarten economy continued to lose steam in 2009
from the earlier moderation in activity late 2008, says the Department
of Economic Affairs and Policy Research (DEPR).
Seasonal Staffing for Caribbean Hospitaity & Tourism
- By Pamala Baldwin
- Published 03-Apr-10
- Travel/Tourism , Labor , Financial Crisis/ Recession , Organization of Eastern Caribbean States
- Unrated
Hoteliers debate how best to manage through a climate of uncertainty.
IMF Executive Board Concludes 2010 Article IV Consultation with St. Lucia
- By S Coward
- Published 03-Apr-10
- International Monetary Fund , Financial Crisis/ Recession
- Unrated
_thumb.jpg)
Washington -- April 3, 2010 -- The Executive Directors observed that the global downturn had led to a marked decline in St. Lucia’s economic activity. The economy is recently showing welcome signs of an emerging recovery, although downside risks remain given the continued dependence on tourism.
Jamaica: WINDALCO shuts down
- By S Coward
- Published 02-Apr-10
- Financial Crisis/ Recession
- Unrated
Kingston -- April 2, 2010 -- Seven hundred and sixty two workers employed to West Indies Alumina Company (WINDALCO) lost their jobs last Wednesday as the alumina company officially ceased operations.
Bermuda: Economic Woes Deepen
- By S Coward
- Published 01-Apr-10
- Financial Crisis/ Recession
- Unrated
Hamilton-- April 1, 2010 -Bermuda's economic woes deepened in the last three months of 2009, new figures released by Government show.
The Quarterly Bulletin of
Statistics suggests that the slumping local economy is becoming
increasingly reliant on international business and the financial
services sector.
Anguilla: Headache To Bridge Recurrent Gap Of 90 Million
- By S Coward
- Published 21-Mar-10
- Financial Crisis/ Recession
- Unrated
The Valley, Anguilla: March 21, 2010 -- The figures showed recurrent revenue of $148,000,000 and recurrent
expenditure of $237,196,955 resulting in a recurrent gap of $89,196,955
(or $90,000,000 to round off the figure).