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Manning Showing ‘Massive’ Improvement

Patrick Manning

Patrick Manning

(TRINIDAD EXPRESS) – San Fernando East Member of Parliament Patrick Manning continues to show signs of improvement, as he recovers from a stroke at the San Fernando General Hospital.

However, visitors are still being restricted to his immediate family, a release from his constituency office stated last evening.

The release stated that Manning was in good spirits and on the road to recovery. Continue reading

ECLAC: Investment in Region Not Enough to Achieve Development

(SANTIAGO, Chile, CMC) – The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, says that the investment ratio in the region is not enough to maintain high growth rates.

In addressing the XXIV Regional Seminar on Fiscal Policy here, Bárcena said investment, unfortunately, has been one of the adjustment variables in previous crises. Continue reading

CDB to Provide $12 Million to Guarantee Newly-Restructured Bonds

St. Kitts and Nevis Prime Minister Rt. Hon. Dr. Denzil L. Douglas

Rt. Hon. Dr. Denzil L. Douglas

BASSETERRE, ST. KITTS (CUOPM) – St. Kitts and Nevis’ Prime Minister and Minister of Finance, the Rt. Hon. Dr. Denzil L. Douglas has disclosed that the twin-islands Federation’s debt restructuring exercises should be completed by the end of this quarter.

Speaking at his monthly press conference on Wednesday, Dr. Douglas also said that the Caribbean Development Bank will provide a $12 million guarantee in support of the newly restructured bonds, thereby advancing the interests of the Federation in the form of a more sustainable debt package. Continue reading

PM Spencer to Sign Declaration of Cooperation Agreement With Regional Council of Martinique

Baldwin Spencer

Baldwin Spencer

(ST. JOHN’S ANTIGUA) – Prime Minister, Dr. the Honourable W. Baldwin Spencer, left the country early Friday for Martinique for a series of meetings culminating in the signing of a bilateral cooperation agreement with that French Overseas Territory.

The Prime Minister’s visit is on the heels of the unanimous decision of the 54th meeting of the OECS Authority in respect of the application of Martinique and Guadeloupe for closer relations with the Sub-regional grouping. Continue reading

VAT Revenues Collected Exceed Projections

St. Kitts and Nevis Prime Minister Rt. Hon. Dr. Denzil L. Douglas

Rt. Hon. Dr. Denzil L. Douglas

BASSETERRE, ST. KITTS (CUOPM) – The number of registrants under the Value Added Tax (VAT) Programme is just over 700 with 525 in St. Kitts and 182 in Nevis.

Speaking at his monthly press conference on Wednesday, St. Kitts and Nevis’ Prime Minister Hon. Dr. Denzil L. Douglas disclosed that in December when the Government declared a special VAT Day in order to reduce the cost of pre-Christmas spending for consumers, VAT, which was reduced from 17% to 7%, amounted to EC$12.8 million in sales. Continue reading

IMF says St. Kitts and Nevis Met Fiscal Target by “Comfortable Margin”

BASSETERRE, ST. KITTS (CUOPM) – St. Kitts and Nevis has passed the first review of economic performance under the Stand By Arrangement with the International Monetary Fund (IMF).

“All end-September 2011 quantitative targets have been met, despite slower-than-expected economic growth. The fiscal target was met by a comfortable margin, and the authorities were successful in reducing budget expenditure arrears to below the levels at the end of December 2010. Continue reading

Manning Sits Up, Asking To Go Home

Patrick Manning

Patrick Manning

(TRINIDAD EXPRESS) -Former Prime Minister Patrick Manning sat up for the first time yesterday, three days after he was enfeebled by a stroke, and asked about the nation’s plans.

And he clearly voiced his readiness to go home, his wife, Hazel Manning, said last evening.

Manning’s relatives held a press conference to give an update on his medical condition at his San Fernando East constituency office yesterday. Continue reading

Manning Stable

Patrick Manning

(TRINIDAD NEWSDAY) -FORMER Prime Minister Patrick Manning remains warded in a stable condition at the San Fernando General Hospital after he suffered, what his son Brian Manning described as “a mild stroke” on Monday night. The younger Manning yesterday called on the nation to keep his father in its prayers. Continue reading