Caribbean Press Releases - recent news & press releases - Articles - Food & Oil Crisis

IMF's Regional Economic Outlook Says Caribbean, Latin America Prepared to Face Current Global Shocks, but Risks Persist

Thu, 23 Oct 2008 00:00:00 CDT

Washington -- Oct. 23, 2008 -- The ongoing global turmoil represents a confluence of negative shocks for Latin America and the Caribbean, but the region is expected to deal with the current global shocks better than in previous crises, according to the most recent Regional Economic Outlook (REO) from the International Monetary Fund (IMF).

St. Kitts and Nevis to get assistance from the FAO

Fri, 11 Jul 2008 00:00:00 CDT

Basseterre -- July 11, 2008 -- A call by St. Kitts and Nevis’ Prime Minister Hon. Dr. Denzil L. Douglas at last month’s World Food Security Summit in Rome for the FAO to assist Member Countries with seeds, fertilizer and other inputs to assist the farmers to carry out a rapid production of agricultural products has not fallen on deaf years.

IDB: Caribbean hardest hit by food and energy price shocks

Fri, 04 Jul 2008 00:00:00 CDT

St. John's -- July 4, 2008 -- Rising food and oil prices are hitting the Caribbean more than any other region in the Western Hemisphere, Inter-American Development (IDB) President Luis Alberto Moreno said in Antigua.

Trinidad's Central Bank Governor on the Impact of Global Events on Caribbean Economies

Fri, 04 Jul 2008 00:00:00 CDT

July 4, 2008 : Economists and policymakers are facing similar challenges as we realize that, in the current global environment, the traditional analyses no longer fit as well as before and the traditional policy prescriptions don’t seem to work as well as they once did.

Air Canada drops Trinidad &Tobago route After 60 Years

Sun, 29 Jun 2008 00:00:00 CDT

Port-of-Spain -- June 29, 2008 -- Air Canada will stop flying to T&T at the end of August, ending 60 years of uninterrupted service on the Toronto-Port-of-Spain route.When the airline ceases flights after August 31st, it will retrench 13 local staff and transfer its customer service manager in Trinidad, Wayne Joseph, to another country.

Fuel Surcharge Increase Expected in St Vincent Soon

Sun, 29 Jun 2008 00:00:00 CDT

Kingstown -- June 29, 2008 -- (thevincentian.com): Consumers of electricity in this country have been forewarned of another increase in their electric bills, beginning at the end of this month.

Greenspan Bullish on Regional Tourism

Tue, 24 Jun 2008 00:00:00 CDT

June 24, 2008 -- Former US Federal Reserve Chairman Alan Greenspan yesterday said Caribbean region tourism could prosper despite the damage caused by high oil prices leading to sky-rocketing airfares and withdrawn flights.

AirTran Airways Announces New Service From Baltimore/Washington to San Juan

Tue, 24 Jun 2008 00:00:00 CDT

Orlando, Fla. -- June 24, 2008 -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. has announced that it will add nonstop flights between Baltimore/Washington International Thurgood Marshall Airport and San Juan Luis Munoz Marin International Airport beginning December 20, 2008.

Oil-Fueled Catastrophe in the Airline Industry Would Cripple U.S. Economy and Eliminate American Jobs

Tue, 24 Jun 2008 00:00:00 CDT

Radnor, PA -- June 24, 2008--The skyrocketing price of aviation fuel will have devastating implications far beyond new surcharges for checked bags and in-flight beverage services according to a new study prepared by the Business Travel Coalition (BTC).

Trinidad's Inflation at 10.0%: �REPO� Rate Stays at 8.25%

Mon, 23 Jun 2008 00:00:00 CDT

Port-of-Spain -- June 23, 2008 -- The latest data on inflation released by the Central Statistical Office indicate that headline inflation rose to 10 per cent on a year-on-year basis to May 2008 from 9.3 per cent in the previous month.