March 24, 2011 Leave a comment
March 24, 2011 1 Comment
Chancellor of the Exchequer Chancellor George Osborne today told the House of Commons that there will be no increase in the Air Passenger Duty (APD) until 2012.
He also indicated that a consultation would commence straightaway to examine the efficacy of the current distance banding for assessing the duty.
“It is no doubt welcome news for the viability of the UK national transportation system and for foreign destinations heavily dependent upon British holidaymakers that the Air Passenger Duty will not be increased,” said Business Travel Coalition chairman Kevin Mitchell.
“However, the current levels of duty still represent a huge problem and they must be radically reduced to bring the UK back into competitive alignment with other countries for meetings, incentive trips and conventions. The next order of business is to expand the coalition of concerned parties outside the UK and deepen communications with UK government officials.”
The news should also be welcomed by Caribbean tourism stakeholders who say the tax is unfair.
National Security Minister Dr Errol Cort is facing a US$1 million lawsuit filed by investors in the Stanford International Bank (SIB) yesterday – the last day they were allowed by law to submit such a claim. Read more of this post
Like two sides of the same worn coin, the spiraling costs of food stuffs across the globe have raised the spectrum of a new food crisis in some Caribbean countries while simultaneously benefitting most others in Latin America with windfall profits, said the region’s top World Bank officials. Read more of this post
World food prices surged to a new historic peak in January, for the seventh consecutive month, according to the updated FAO Food Price Index, a commodity basket that regularly tracks monthly changes in global food prices. Read more of this post
January 20, 2011 Leave a comment
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB)announced a US$4 million grant for a project to provide job training to 9,000 unemployed and out-of-school young Haitians. Read more of this post
January 7, 2011 Leave a comment
The United Nations and its partners have launched a 20-year, US$200 million environmental recovery programme in south-west Haiti that aims to benefit more than 200,000 people and show that sustainable rural development, from fisheries to tourism, is indeed practical. Read more of this post
January 5, 2011 Leave a comment
The avalanche of failing governments in Europe has left many legislators with no choice but to seize European taxpayer savings and pension accounts to cover the governments’ bills. Read more of this post
Crisis of Fiat Currencies: US Dollar Surpluses Converted into Gold China, Russia, Iran are Dumping the Dollar
November 22, 2010 2 Comments
Something is going on that your government does not want you to know about. Very few journalists have written about it and Read more of this post
November 19, 2010 Leave a comment