IDB approves funds for Caribbean countries receiving migrants

IDB approves funds for Caribbean countries receiving migrants

WASHINGTON, — The Inter-American Development Bank (IDB) has approved a multi-million dollar special grant facility to support operations that help countries in Latin America and the Caribbean integrate migrants into local communities and contribute to their development. The Washington-based financial institution said that the initiative is in response to “unprecedented and sudden intraregional migration flows […]

‘When we start supporting our own communities, that’s when we have success ‘ – Ron Busby

‘When we start supporting our own communities, that’s when we have success ‘ –  Ron Busby

By Lincoln DePradine African-American entrepreneur, Ron Busby, is a millionaire businessman who is “excited’’ at the formation of the Canadian Black Chamber of Commerce (CBCC). “The Canadian Black Chamber will be the advocate for black businesses and a black economic agenda that would move this country forward,’’ Busby said April 25 in Toronto at the […]

Ontario budget eliminates legal aid funding for refugee and immigration services

Ontario budget eliminates legal aid funding for refugee and immigration services

The Ontario government of  Premier Doug Ford is slashing the budget of Legal Aid Ontario, including eliminating funding for refugee and immigration law services. Legal Aid Ontario sent a letter to staff  on Thursday as the government tabled its first budget, saying the province is reducing funding to the organization by 30 per cent. That […]

Cancer survivor organizes ‘healing hope’ fundraiser

Cancer survivor organizes ‘healing hope’ fundraiser

By Lincoln DePradine Jamaica-born Letna Allen-Rowe, a businesswoman and an author, is a cancer survivor with strong optimism that a cure for the disease will be discovered. “It might not happen in my lifetime, but I’m sure, as there is a God, it will happen,’’ Allen-Rowe told the Caribbean Camera last Sunday at a health […]

Remittances to Latin America and the Caribbean grew by ten per cent last year – World Bank

Remittances  to Latin America and the Caribbean grew  by ten per cent last year – World Bank

WASHINGTON,—The World Bank says remittance flows into Latin America and the Caribbean grew by 10 per cent to US$88 billion last year supported by a strong United States economy. The Washington-based financial institution said Mexico continued to receive the most remittances in the region, posting about US$36 billion in 2018, up 11 per cent over […]

CARIFORUM-UK EPA offers news opportunities

CARIFORUM-UK EPA offers news opportunities By David Jessop A few days ago, the British government published the text of the CARIFORUM-UK Economic Partnership Agreement (UK EPA) that will govern trade in goods and services with the Caribbean, assuming Britain leaves the European Union sometime later this year. The agreement has the effect of replicating the intent […]

Borrowing money to invest in a dying industry

Borrowing money to invest in a dying industry

On March 12 last, Aaron Weinman of Reuters reported that Trinidad Petroleum Holdings (TPH) was in advanced debt restructuring talks with banks and had secured new loans of up to US$1.4bn based on oil reserves to ease an upcoming US$850m with a 9.75 per cent coupon rate to mature in August 2019. One potential investor […]

UWI Gala Lights the Way / UWI Gala Rises $2M in 10 years

UWI Gala Lights the Way / UWI Gala Rises $2M in 10 years

By: Dwain Wellington Rattray Light, Learning, Liberty. That was the theme of the 10th Annual University of the West Indies (UWI) Toronto Benefit Gala, on April 6, 2019, held at the prestigious Ritz Carlton Hotel in downtown Toronto. The fitting notion creates a synergy with the motto of UWI— Oriens Ex Occidente Lux— “A Light […]

Sale of Scotiabank could have anti-competitive effect in three member states -CARICOM Commission

Sale of Scotiabank could have anti-competitive effect in three member states -CARICOM Commission

PARAMARIBO, Suriname –The Suriname-based Caribbean Community (CARICOM) Competition Commission says the intended sale of Scotiabank’s assets in nine Caribbean countries could have anti-competitive effects in at least three CARICOM member states. “The Commission remains cognisant of the provisions of Article 175 of the RTC (Revised Treaty of Chaguaramas) and at this time reminds national competition […]

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