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T&T, Venezuela to deepen cooperation in energy
Trinidad and Tobago and the Bolivarian Republic of Venezuela have agreed to deepen and expand areas of cooperation in the energy sectors of both nations.
The milestone agreement followed talks in Caracas, Venezuela between Energy and Energy Affairs Minister, Carolyn Seepersad-Bachan, and Venezuela’s Petroleum and Energy Minister, Rafael Ramirez on Monday (August 18,2010).
Minister Seepersad-Bachan departed for Caracas on Sunday to meet with her Venezuelan counterpart for an official signing ceremony for the unitisation of the Loran-Manatee cross-border gas field and to participate in…
T&T and Venezuela Cross Border Treaty
The Energy Chamber would like to commend the Governments of Trinidad and Tobago and Venezuela for firstly ratifying an overarching unitization treaty on cross border hydrocarbon reserves and secondly on signing a unitization agreement for the Loran Manatee field which straddles the borders of the two countries.
The signing is an important milestone and heralds a new day for regional energy integration and enhancing bilateral synergies between the two countries, especially as it relates to monetizing our cross border reserves.
The Loran Manatee field…
Active Hurricane Season Predicted
The Atlantic hurricane season has officially started, and the International Research Institute for Climate and Society has issued its updated seasonal hurricane forecast for the region.
The results continue to indicate that an above-normal season is very likely. This could spell trouble for highly vulnerable Caribbean nations such as Haiti, still reeling from the effects of a 7.0 magnitude earthquake on January 12, 2010. On top of this, other forecasts point to increased thunderstorm activity for the region as well.
The IRI’s hurricane…
OAS and CARICOM Address Challenges and Opportunities of Youth in the Americas
The Organization of American States (OAS) and the Caribbean Community (CARICOM) held a meeting at OAS headquarters in Washington, DC, on June 1 to discuss ways of collaborating and advancing the agenda of youth in the Americas.
The meeting, held in advance of the World Youth Conference, was chaired by OAS Assistant Secretary General Albert R. Ramdin, and by CARICOM Assistant Secretary-General for Human and Social Development Edward Greene. It was attended by other CARICOM officials and OAS specialists, as well as…
CTO CHAIRMAN WANTS ACTION TO PROTECT AGAINST IMPACT OF CLIMATE CHANGE
BRIDGETOWN, Barbados (9 May, 2010) – One of the Caribbean’s top tourism policy-makers has called for bold new initiatives to protect the region from the impact of climate change.
The Chairman of the Caribbean Tourism Organization (CTO), Hon. John Maginley, said that strong, decisive action will help protect the region’s invaluable natural assets.
In an address at the opening of the 11th Annual Caribbean Conference on Sustainable Tourism Development (STC-11) here on Sunday night, Mr. Maginley also reminded delegates that, like other regions in…
PANEL AND WORKSHOP ON CUBA AT CARIBBEAN INVESTMENT CONFERENCE
Hosted by CHTA and CTO in conjunction with the Puerto Rico Tourism Company (PRTC), Puerto Rico Hotel & Tourism Association (PRHTA) and Puerto Rico Convention Bureau (PRCB), CHTIC 2010 takes place May 4-6 at the Puerto Rico Convention Center in San Juan.
One of most highly anticipated sessions at CHTIC 2010, Cuba – Will It Become The #1 Tourism Destination (May 6 at 9am) will, for the first time in CHTIC history, provide a thorough background on the Cuban tourism sector as well…
INFLATION TRENDS UPWARD: CENTRAL BANK MAINTAINS REPO RATE AT 5.0 PER CENT
The latest data released by the Central Statistical Office indicate that headline inflation, measured by the 12-month increase in the Index of Retail Prices, rose to 4.8 per cent in February 2010 from 3.7 per cent in the previous month.
The main influence on the headline rate has come from food prices which rose by 2.8 per cent during the month of February. On a year-on-year basis to February, food inflation measured 6.3 per cent, up
from 2.7 per cent in January….
UWI CCMF hosts Caribbean Business Executive seminar
Professor Jan Kregel, Senior Scholar at Levy Economics Institute of Bard College, will deliver feature remarks at the opening ceremony of an upcoming Caribbean Business Executive seminar, organised by The University of the West Indies (UWI) Caribbean Centre for Money and Finance (CCMF). The CCMF is an economic and financial policy and research institution organised and financed by Caribbean Central Banks and The University of the West Indies, with additional support by a number of regional financial institutions.
Themed “The future of the…
MAGAZINE NAMES SAINT LUCIA NUMBER ONE IN THE CARIBBEAN
FORT LAUDERDALE, Florida – Porthole Cruise Magazine, the leading North American consumer magazine in the field, has named Saint Lucia the Best Caribbean Island for 2010.
In the magazine’s Editor-In-Chief’s 2010 Awards, Saint Lucia received the number one selection, while Soufrière’s Jade Mountain was named the Best Caribbean Resort.
“With its dramatic scenery, rich history and vibrant culture, Saint Lucia truly is a Caribbean gem,” said Bill Panoff, publisher and editor-in-chief of the Fort Lauderdale-based magazine. “You can never forget your first sight…
TRINIDAD AND TOBAGO’S INFLATION FALLS TO 1.3 PERCENT
The final inflation figures for 2009 released by the Central Statistical Office indicate that headline inflation slowed to 1.3 per cent in the twelve months to December 2009 from 1.5 per cent in November and 14.5 per cent a year earlier.
Food prices were 0.2 per cent lower than in December 2008. The reductions were largely in the prices of bread and cereals (-7.7 per cent), milk, cheese and eggs (-10.2 per cent), oil and fats (-0.7 per cent) and…