<![CDATA[Caribbean Press Releases - recent news & press releases - Articles - Financial Crisis/ Recession]]> http://www.caribbeanpressreleases.com en-us N/A [email protected] Wed, 24 Apr 2013 22:05:55 CDT 20 <![CDATA[Cayman’s recession among the worst worldwide ]]> http://www.caribbeanpressreleases.com/articles/8494/1/Caymans-recession-among-the-worst-worldwide-/Page1.html July 11, 2011 -- Economic activity in the Cayman Islands has dropped for the third consecutive year, according to the 2010 Economic Report released by the Economics and Statistics Office. ]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/8494/1/Caymans-recession-among-the-worst-worldwide-/Page1.html <![CDATA[Barbuda Council Says Lay Offs Inevitable]]> http://www.caribbeanpressreleases.com/articles/8338/1/Barbuda-Council-Says-Lay-Offs-Inevitable/Page1.html May 23, 2011 - (antiguaobserver.com): The economic situation in Barbuda has reached crisis proportions and the Council has said it has no alternative but to lay off as many as 150 workers. ]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/8338/1/Barbuda-Council-Says-Lay-Offs-Inevitable/Page1.html <![CDATA[TURKS & CAICOS: Many Civil Servants to Lose Gratuity]]> http://www.caribbeanpressreleases.com/articles/8160/1/TURKS-amp-CAICOS-Many-Civil-Servants-to-Lose-Gratuity/Page1.html Providenciales - March 14, 2011 - The “unwarranted” payment of millions of dollars to Public Servants in the Turks and Caicos Islands over the years has caused Government to drastically overhaul the gratuity payment system and tighten up on allowances.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/8160/1/TURKS-amp-CAICOS-Many-Civil-Servants-to-Lose-Gratuity/Page1.html <![CDATA[TURKS & CAICOS: Work permit system in the TCI to be changed]]> http://www.caribbeanpressreleases.com/articles/8133/1/TURKS-amp-CAICOS--Work-permit-system-in-the-TCI-to-be-changed/Page1.html Providenciales - March 4, 2011 - The Government of the Turks and Caicos Islands plans to transform the work permit process into a monthly charge based on the work permit holder’s salary rather than the category of work]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/8133/1/TURKS-amp-CAICOS--Work-permit-system-in-the-TCI-to-be-changed/Page1.html <![CDATA[Montserrat: Low Revenues to Blame for Delay in Government Monthly Salaries & Payments]]> http://www.caribbeanpressreleases.com/articles/8100/1/Montserrat-Low-Revenues-to-Blame-for-Delay-in-Government-Monthly-Salaries-amp-Payments/Page1.html Brades -- Feb. 15, 2011 -- Following another month end scare of non-receipt of salary payments public servants eventually received their payments, while unconfirmed reports claim that between 90 to 100 of them may eventually lose their permanent jobs with the government not long from now.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/8100/1/Montserrat-Low-Revenues-to-Blame-for-Delay-in-Government-Monthly-Salaries-amp-Payments/Page1.html <![CDATA[Barbados: Central Bank Governor, Dr. DeLisle Worrell urges a continued cautious approach to economic recession ]]> http://www.caribbeanpressreleases.com/articles/7984/1/Barbados-Central-Bank-Governor-Dr-DeLisle-Worrell-urges-a-continued-cautious-approach-to-economic-recession-/Page1.html Bridgetown -- Jan. 10, 2011 -- (Address to the Lions Club of Christ Church West by DeLisle Worrell)-- Too many jobs have been lost as a result of this recession and the unemployment rate has risen to about 11 percent of our workforce.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/7984/1/Barbados-Central-Bank-Governor-Dr-DeLisle-Worrell-urges-a-continued-cautious-approach-to-economic-recession-/Page1.html <![CDATA[Tobago tourism officials demand rescue initiative]]> http://www.caribbeanpressreleases.com/articles/7957/1/Tobago-tourism-officials-demand-rescue-initiative/Page1.html Scarborough - Jan. 2, 2011 - Local tourism stakeholders are set to demand more investment from Central Government to launch a sustained destination marketing and branding campaign for Tobago. ]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/7957/1/Tobago-tourism-officials-demand-rescue-initiative/Page1.html <![CDATA[Bermuda: Island’s tourism industry records a $9m loss]]> http://www.caribbeanpressreleases.com/articles/7950/1/Bermuda-Islands-tourism-industry-records-a-9m-loss/Page1.html Dec. 31, 2010 -- The tourism industry as a whole made a $9 million loss in 2009, according to a report released by the Department of Statistics.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/7950/1/Bermuda-Islands-tourism-industry-records-a-9m-loss/Page1.html <![CDATA[Turks and Caicos Tourist Board Cuts 11]]> http://www.caribbeanpressreleases.com/articles/7864/1/Turks-and-Caicos-Tourist-Board-Cuts-11/Page1.html Dec. 7, 2010 -- The Turks and Caicos Islands Tourist Board has slashed eleven positions which represent 38 percent of its workforce, cutting from almost every area of its operation and ranks, in what has been described by its acting director as a cost-saving measure.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/7864/1/Turks-and-Caicos-Tourist-Board-Cuts-11/Page1.html <![CDATA[Antigua and Barbuda receives $33 Million Dollar Grant from European Union]]> http://www.caribbeanpressreleases.com/articles/7802/1/Antigua-and-Barbuda-receives-33-Million-Dollar-Grant-from-European-Union/Page1.html Nov. 26, 2010 -- The European Union (EU) has approved a $33.6 million dollar grant for Antigua and Barbuda under the EU's vulnerability assistance scheme to help African, Caribbean and Pacific countries deal with the affects of the global financial crisis.]]> [email protected] (S Coward) http://www.caribbeanpressreleases.com/articles/7802/1/Antigua-and-Barbuda-receives-33-Million-Dollar-Grant-from-European-Union/Page1.html