Historic Plan To Get Haitians Mortages

The Clinton Bush Haiti Fund, the Overseas Private Investment Corporation (OPIC), and the Haiti Reconstruction Fund (HRF) are providing US$47 million in funding for a programme

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Freeze In UK Air Passenger Duty

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.

Source

Caribbean Quake Shakes Domincian Republic

A 5.3 magnitude earthquake shook the Dominican Republic this morning just days after experts warned that the country is at risk of experiencing a quake similar to the one that hit neighbouring Haiti last year.

Caribbean Faces Uncertain Times

This year promises to be another hard slog for many Caribbean economies.

Haiti Cholera Challenge Failed

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Caribbean Faces Uncertain Times

This year promises to be another hard slog for many Caribbean economies.

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IMF Urges Barbados To Tax Its Citizens More

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British Travelers To The Caribbean Face Further Charges

Even as Caribbean tourism officials try to woo British travelers to the islands despite increased air passenger duties (APD), one of their staunchest allies in opposing the APD has now further compounded the problem.

Barbados Hotel Winners – World Travel Awards

Barbados hotel winners in the 2010 World Travel Awards.

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Owen Says IMF Hand In (2010)Budget

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