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IMF's Regional Economic Outlook Says Caribbean, Latin America Prepared to Face Current Global Shocks, but Risks Persist
- By S Coward
- Published 23-Oct-08
- International Monetary Fund , Economy, Trade & Investment , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 11-Jul-08
- Associations , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 04-Jul-08
- Inter-American Development Bank , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 04-Jul-08
- Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 29-Jun-08
- Airlines/Cruiselines , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 29-Jun-08
- Economy, Trade & Investment , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 24-Jun-08
- Food & Oil Crisis , Travel/Tourism
- Unrated
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
- By S Coward
- Published 24-Jun-08
- Airlines/Cruiselines , Food & Oil Crisis
- Unrated
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
- By S Coward
- Published 24-Jun-08
- Airlines/Cruiselines , Food & Oil Crisis , Travel/Tourism
- Unrated
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%
- By S Coward
- Published 23-Jun-08
- Banking/ Finance , Economy, Trade & Investment , Food & Oil Crisis
- Unrated
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.
IMF Increases Financial Assistance to Haiti & Approves Disbursement of US$38.7 Million
- By S Coward
- Published 21-Jun-08
- International Monetary Fund , Economy, Trade & Investment , Food & Oil Crisis
- Unrated
Washington -- June 21, 2008 -- The Executive Board of the International Monetary Fund (IMF) June 20 completed the third review of Haiti's economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement and approved SDR 16.38 million (about US$26.5 million) in additional financial assistance to help Haiti cope with the impact of rising food and fuel prices.
Food banks to help fight poverty in the Turks and Caicos Island
- By S Coward
- Published 16-Jun-08
- Food & Oil Crisis
- Unrated
Provo - June 16, 2008 -- This Saturday under-privileged Islanders will be able to pick up free
or heavily-subsidised food at grocery stores across Providenciales.
Infinite Holdings Group, Inc. Plans to Enter Biofuels Industry in the Caribbean
- By S Coward
- Published 14-Jun-08
- Environment/Energy , Economy, Trade & Investment , Food & Oil Crisis
- Unrated
Bermuda - June 14, 2008 -- Infinite Holdings Group, Inc. announced this week that
it has entered into a Letter of Intent with Pioneer Petroleum to
acquire an initial license to distribute biofuels throughout the
Caribbean.
U.S. Airline Industry Headed Toward �Catastrophe� at Current Oil Prices
- By S Coward
- Published 13-Jun-08
- Airlines/Cruiselines , Food & Oil Crisis
- Unrated
Washington -- June 13, 2008 -- At
current oil prices, several large and small U.S. airlines will default
on their obligations to creditors beginning at the end of 2008 and
early 2009, according to a study issued today by AirlineForecasts, LLC and the Business Travel Coalition.
UN Food Agency Launches 4 Year Plan for Global Food Crisis
- By S Coward
- Published 13-Jun-08
- Food & Oil Crisis
- Unrated
June 12, 2008 -- The United Nations World Food Programme (WFP)
has announced a new four-year strategic plan to tackle soaring levels of
hunger caused by the global food crisis