Jamaican weakens by 16 cents on Tuesday Loop Jamaica

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The content originally appeared on: Jamaica News Loop News
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The US dollar closed trading at J$152.94, according to the Bank of Jamaica’s trading summary on Tuesday.

The Jamaican dollar weakened by 16 cents on Tuesday from $152.78 on Monday. On Tuesday, the Canadian dollar closed trading at $118.50 and the British Pound closed trading at $183.68.

Total sales across the foreign exchange market totalled US$58.3 million and US$63.2 million worth of purchases.

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January 4, 2022 10:23 AM

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VIDEO: Woman holding up multimillion dollar project says she is not opposed to moving but demands proof

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The content originally appeared on: Antigua News Room

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We burned down the inter-island air travel barn. Time we rebuild it.

Black Immigrant Daily News

The content originally appeared on: Antigua News Room

Anyone who is remotely acquainted with or involved in the state of reasonable air transport would concede that it has been an abject mess ever since but Barbados’ withdrawal from LIAT leading to the repossession of planes and the shrinking of a mainstay carrier into a one-plane operation out of Antigua. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES.

Airline schedules, from Guyana in the south to the Leeward Islands in the north, have been wrecked, and the arrival of three airlines into the regional airspace has done nothing to improve this sorry state of affairs.

For a recent regional workshop, no one from Grenada could attend because the only flights available would route them through Miami. No one from St. Vincent and the Grenadines could make it – their flights would see them being routed through London. Participants from a neighbouring island roughly 50 miles or half-an-hour’s flying time away had to arrive via British Airways. Planning to get into and out of each island has become a complex, military-style, logistical operation merely because airlines have inconvenient days of arrival and departure, their seats are invariably sold out weeks in advance, and relative comfort and convenience have been sacrificed on the altar of profit.

The notion that inter-Island air transport must be the sole preserve of profit-making entities is as bizarrely unproductive for the region as the same assumption for public transport in each island. In developing countries, transport cannot be considered as purely private goods

Just as lengthy commute times are a trademark of reduced productivity, sluggish output and lax revenue in any local economy, so too does the regional economy suffer when one-day trips must become four-day excursions and a flight from one island to another becomes a game of hopscotch involving three.

There is more than enough blame to share among regional governments for the shambolic schedules: the intransigence of one government unwilling to trim its labour force to suit the airline’s operations is matched by another island’s bull-headed notion that it should not be involved in civil aviation at all.

We repeat: Caribbean transport cannot work entirely as a private sector playground. Contrary to rosy expectations spawned by LIAT’s wrecking of increased competition, greater choice and lower fares, we have airlines charging double and triple what they used to for a trip from one island to another.

For Caribbean people to enjoy the community to which they belong, they must spend more money than it would take  to travel three or four hours to North America. To this reality, an economist  previously posited that given our small size,  we ought not to expect low airfares. In a region-wide telecast on the subject of airfares, this economist’s dose of economic realism came up against the bullish desire of the then Secretary General of the Caribbean Tourism Organization and his own economic pragmatism: if you lower fares you will get more bums on seats.

That economist clearly missed the boat. Should exponentially higher airfares  be the price for doing business, getting education, visiting friends and family, engaging in commerce, deepening participation in our cultures and spreading the glue that keeps these desperate islands together as a single economic space and polity?

Caribbean governments have long shown great disdain for their own people travelling to the region, giving lie to their rhetoric. For example, these governments routinely pay subsidies to North American carriers to bring sun-seeking tourists to sun-drenched shores but steadfastly refuse to invest in regional air linkages that would expose even more of those same tourists to a wider choice of destinations or multiple destinations in one trip.

Antigua and Barbuda, the sole designated survivor as the remaining shareholder of LIAT last week became the latest to adopt a for-profit stance to keep LIAT going, by calling on Caribbean governments to do for it what it has long done for others.

What St. John’s is urging fellow CARICOM nations to do is act in the spirit and letter of the treaty they signed nearly 40 years ago. After all, they all agreed never to offer terms and conditions of service to third party countries that are superior to those offered to fellow member states. It is now time to stop violating the Treaty of Chaguaramas, thwarting the dreams and hopes of Caribbean people and stunting their own development and growth. They must abandon ages-old mistrust and suspicion of each other by setting a new course for Caribbean aviation, in which agreements are honoured, not breached.

Caribbean aviation has been reduced through the management of decline and our own government must acknowledge its role in bringing about the current state of affairs. But it will require collective action to return to what now appears to have been a golden age of inter-island aviation.

We never knew we had it so good until we lit the match and burned down our own barn. Rather than poke about the embers, it is time to rebuild that structure, not depend on others to do it for us, and throw off the shackles of economic orthodoxy that have left a regional industry in shambles. — Barbados TODAY Editorial

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Saint Lucia Pierre To Take Over Chairmanship of ECCB Monetary Council – St. Lucia Times News

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The content originally appeared on: St. Lucia Times News

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Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) will be transferred to the Honourable Philip J Pierre, Council Member for Saint Lucia, during the official Handing Over Ceremony on 22 July at the Golden Grove Ball Room, Harbour Club Hotel, Gros Islet, Saint Lucia.

Prime Minister Pierre will succeed the Outgoing Chairman, the Honourable Joseph Easton Farrell, Council Member for Montserrat.

The Monetary Council is the highest decision making authority of the ECCB and comprises the eight Ministers for Finance of the ECCB member governments.

Chairmanship of the Council is rotated alphabetically each year among the eight ECCB member countries: Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.

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Following the Handing Over Ceremony, the Council will convene for its 102nd Meeting where it will receive the ECCB Governor’s Report on Money, Credit and Financial Conditions in the Eastern Caribbean Currency Union.

Following the meeting, the new Chairman will host a media conference where he will present the Communiqué, and along with other members of the Council, field questions from the media in Saint Lucia.

The Ceremony will be streamed live on the ECCB Facebook page and YouTube Channel – ECCB Connects.

Source: Eastern Caribbean Central Bank

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Cierran terminal de lanchas de Cataño debido a manifestación contra LUMA en San Juan

Black Immigrant Daily News

The content originally appeared on: Radio Isla TV

El presidente de la Unión de Trabajadores de la Industria Eléctrica y Riego (UTIER), Ángel Figueroa Jaramillo, informó en RADIO ISLA que el terminal de lanchas de Cataño fue cerrado en medio de la marcha contra la empresa LUMA Energy.  

Ángel Figueroa Jaramillo expuso que, a pesar de ello, la manifestación sigue en pie y afirmó que siguen llegando las personas. Este sostuvo que la ruta de la marcha saldrá del Capitolio hacia la alcaldía de San Juan, pasará por el frente del Departamento de Estado y culminará frente a la Fortaleza. 

Según Figueroa Jaramillo la marcha está pautada para iniciar a eso de las 10:30 de la mañana. Los manifestantes fueron citados al Capitolio a las 9 AM.

Escucha aquí los detalles

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Michael Sallons protesteert ook tegen werkwijze vakbeweging

Black Immigrant Daily News

The content originally appeared on: De Ware Tijd Online

Tekst en beeld Valerie Fris PARAMARIBO — Vakbondsleider Michael Sallons is niet te spreken over het feit dat de regering

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Alleged ‘major players’ in narco-trafficking trade in custody Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

Nabbed in joint ops in MoBay and Kingston

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Major anti-narco ops in MoBay and Kingston

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At least five people alleged to be major players in the narco-trafficking trade were on Wednesday morning taken into custody during an anti-narcotics operation in Montego Bay, St James and Kingston, the Major Organised Crime & Anti-Corruption Agency (MOCA) is reporting.

In a tweet about an hour ago, MOCA shared that those taken into custody include two people who are to be extradited to the US.

MOCA said the operation was a multi-agency one, which involved the Jamaica Constabulary Force’s Narcotics Divison, the Counter Terrorism & Organized Crime Investigations Branch (C-TOC), the Jamaica Fugitive Apprehension Team, Financial Investigations Division (FID), the Jamaica Defence Force (JDF), US Drug Enforcement Administration, and United States Marshals.

The agency said more details will be provided later.

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Party Monarch Finalists revealed

Black Immigrant Daily News

The content originally appeared on: Antigua News Room
Winter

2022 SOCA PARTY MONARCH COMPETITION FINALISTS

The following are the finalists in the Party Monarch Competition:

GROOVY SEGMENT

1. NAYCHA KID

2. ISLAND PRINCE

3. “CP” CLAUDETTE PETERS

4. GE’EVE

5. TIAN WINTER

6. BLADE

7. DRASTIC

8. ROYALTY

2022 SOCA PARTY MONARCH COMPETITION

FINALISTS

The following are the finalists in the Party Monarch Competition:

JUMPY SEGMENT

1. ISLAND PRINCE

2. ZAMONI

3. ROMEL

4. MENACE XL

5. KING VICIOUS

6. GE’EVE

7. LYRICSMAN

8. TIAN WINTER

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Tent collapses on government ministers, media

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

Guests, media and government officals scatter as a tent collapses at the re-opening of the Jennifer Shaw Transitional Home for Young Women, Henry Street, Port of Spain on Tuesday. – ROGER JACOB

Government ministers, specially invited guests, and members of the media were almost the victims of a mishap during the ceremony for the opening of the Salvation Army’s Josephine Shaw Home for Women when the tent it was being held under collapsed under the weight of rainwater.

The ceremony was held under two large tents set up between the outer wall of the building and the wall fronting the road at the corner of Oxford and Henry Streets, Port of Spain. Rain began to fall heavily approximately halfway through the ceremony. The sides of the tents closest to the new building began to bulge with the weight of water, causing concern among those sitting on that side, including media whose cameras were set up close to the back of the tent.

Newsday understands that the guttering of the building was not able to divert all the water running off the roof, causing the water to run straight onto the tent and pool there. In addition, the centre pole of the tent was not anchored to the ground. Two men were observed using buckets to bail water off the top of the tent. Shortly afterwards it was noted that the tent poles were beginning to bend, and most people moved out of the tent, including government ministers and employees seated at the front.

Guests, media and government officals scatter as a tent collapses at the re-opening of the Jennifer Shaw Transitional Home for Young Women, Henry Street, Port of Spain on Tuesday. – ROGER JACOB

It was during the feature address given by National Security Minister Fitzgerald Hinds that the centre pole of the structure gave way with a sharp crack. Hinds was giving his speech up to a few moments before the collapse of the tent, having restarted at least once while people were evacuating the structure.

No-one was injured in the collapse of the tent and the event carried on with the cutting of the ribbon of the newly refurbished transition home.

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Mall, hotel, Housing & Education Ministries for Houston commercial zone

Black Immigrant Daily News

The content originally appeared on: INews Guyana

The sod was on Tuesday turned for a US$35 million, 172-room Four Points by Sheraton Hotel to be constructed in Houston along the Mandela to Eccles road link, which President Dr Irfaan Ali has said will be the centrepiece of massive transformation in an economic zone.

In his address to those gathered to witness the ceremony, President Ali revealed that his Administration intends to do its part by expanding various Government Ministries to this zone, including the Housing and Water Minister. He said that work will commence in that and other initiatives by this year end.

“Alongside this hotel, we’ve already approved a modern hospital of international standards, that will focus on specialised care, but more importantly heavily focus on cosmetic and other surgeries. Because we want to create an education and health hub in Guyana,” President Ali said.

“We have also discussed a mall, a possible second hotel, the movement of a number of Government Ministries to this zone, including the Ministry of Housing and Water, the Ministry of Education and the telecoms sector will be housed in this zone, along the highway.”

“Before the end of this year, we expect that physical work will commence in all of these areas. In addition to that, in front of me will be a huge private sector industrial commercial development to support the oil and gas sector.”

According to Ali, not only will the hotel itself drive up property values along the Eccles road link, but by turning the area into a commercial zone, thousands of jobs will be created. He explained that the area will then be connected through a highway and linked to Ogle, where there will be a new road link between La Bonne Intention (LBI) and Enmore, along the East Coast of Demerara (ECD).

“That entire corridor will then become a massive housing, commercial, industrial zone, all the way going up to Enmore. The road network will be enhanced into major highways coming out from the East Coast, connected to the East Bank and then moving all the way down to the Linden-Soesdyke Highway, where the new Silica City will be connected. In a very narrow construct. That is how this development is linked,” President Ali said.

The hotel in question, which will feature 172 rooms, a commercial building and an events hall, is being developed by Caribbean Green Building Inc and is expected to create an additional 200 jobs.

According to Andres Botero-Toro, the investor behind the project, the hotel will be a magnet for business and commercial activity in Houston. According to him, it will be the first hotel with Edge advance certification, which relates to clean energy and conservation.

Botero said the hotel will consume 40 per cent less resources, as compared to a similar hotel. He also noted that the hotel will use diverse cultural items. The prefabricated, steel structure for the building is already completed and en-route to Guyana.

Trade, Industry and Commerce Minister Oneidge Walrond meanwhile spoke of the importance of these hotel investments. She noted that when the Government came to power in 2020, there was a deficit in available rooms.

“These investors, because of the nature of the brands. They are internationally renowned brands. They don’t come with fly by night (projects). They conduct their feasibility studies. And Guyana has held its own, as a feasible investment destination,” she said.

Walrond described the hospitality sector as a strategic one, which will fuel economic development in other areas. According to her, the fact that these brand name hotels chose Guyana as their investment destination after conducting their feasibility studies, is something that Guyanese should be proud of.

Meanwhile, Guyana Office for Investment (GO-Invest) Chief Executive Officer (CEO) Dr Peter Ramsaroop praised the investors for their strategic vision in choosing Houston to be the location for the Sheraton Hotel. He noted that all of the hotels that have had construction started, were started by local investors and questioned the rate of return for the project.

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