Development Economic Labour Politics 

PM Gaston Browne Presses for Work for Locals as he Holds High level talks with Chinese Officials

On the heels of the 35th Anniversary of Diplomatic ties with the People’s Republic of China, Prime Minister Gaston Browne, along with the Minister of Foreign Affairs Charles Max Hernandez, held high level discussions with Chinese Diplomatic officials and the China Civil Engineering Construction Company (CCECC).   Chinese Ambassador, H.E. Wang Xianmin from the onset of discussions signaled the importance of what the session signifies. According to the ambassador, “this is a big day for our two nations, here and it is our hope that our flagship project will benefit everyone…

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Development Economic Politics 

90 million dollar renovation to commence at Deep Water Port

As the country continues its climb to economic resilience, the Government of Antigua and Barbuda has embarked on a multimillion dollar Port modernization project.   According to Minister of Information, the Hon. Melford Nicholas during the weekly Cabinet press briefing, “More than US$90,000,000 (ninety million dollars) will be expended on modernizing and enlarging the current Deepwater harbour cargo port. The resources have come from the China Export/Import Bank in the form of a low-interest loan, with very generous interest rates, and a moratorium on repayment.”   This, according to the…

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Development Economic Politics 

Barbudans one step away from ownership of lands on the island

After a full day of parliamentary debates and discussion, an historic moment happened when the Barbuda Land Amendment Bill was passed in the late hours of Tuesday. The Bill now grants Barbudans actual, individual ownership of the lands in Barbuda which were previously held as “communal land”. The Bill will specifically grant born Barbudans (Barbudans born on the island) or whose parents were born on Barbuda the opportunity to gain ownership of lands there. The parliamentary sitting was the first order of the New Year and witnessed members of the…

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Business Economic Tax 

ABST Wavier For the Christmas

Christmas may come earlier for shoppers as Prime Minister Gaston Browne intends to wave the 15% Antigua and Barbuda Sales Tax for the weekend of December 15th. Though the official announcement has not been made, PM Browne is said to have commented on the initiative which usually gives shoppers a sales break for the Christmas season. According to news sources an official statement on the initiative will take place soon indicating the weekend of the 15th as a tax break for shoppers in Antigua. However, the traditional Christmas dollar barrel…

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Business Economic Foreign Affairs Politics Regional News 

Antigua and Barbuda granted temporary pass on New EU Tax Haven Blacklist

Seventeen (17) countries around the world were blacklisted as tax havens by the European Union. On that list, several Caribbean islands were named including Antigua and Barbuda, but have received a temporary pass because of the hard hitting effects of the hurricanes this year. The other islands which received the temporary passes are Anguilla, the Bahamas, the British Virgin Islands, Dominica, St Kitts and Nevis, Turks and Caicos and the US Virgin Islands. According to caribbean360news, they have until next year to deal with the issues, the EU said. “For…

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Business Economic Foreign Affairs Tourism 

Honourable H. Charles Fernandez attends IMO Conference in London

The Honourable H. Charles Fernandez, Minister of Tourism, Foreign Affairs and Immigration, is presently attending the 30th Regular Session of the Assembly of the International Maritime Organization (IMO), which commenced 27th November and will conclude on 6th December at its Headquarters in London. Minister Fernandez addressed the Assembly during the opening ceremony on Tuesday, and expressed solidarity with the Governments of the Arab Republic of Egypt, the Islamic Republic of Iran, the Republic of Iraq and the Argentine Republic in the wake of catastrophes experienced within all territories. The Minister further elaborated on…

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Disaster Management Economic 

Spain Commits to Barbuda Relief

Newly accredited Ambassador of Spain to Antigua and Barbuda, His Excellency Josep Maria Bosch, in a brief meeting with Acting Prime Minister, Steadroy Benjamin, and following the presentation of his letter of credence to the Governor General’s Deputy, Sir Clare Roberts said that the Government of Spain has contributed 50, 000 Euros towards the Barbuda relief efforts. His Government’s support was made through the International Red Cross. Signaling Spain’s interest in strengthening bilateral relations, His Excellency underscored his Government’s willingness to support the Government of Antigua and Barbuda in responding…

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Business Economic Politics Tourism 

Sandals Welcomes Auditors, Calls For Full Transparency

Sandals Resorts International (SRI) welcomes the recent announcement by Prime Minister Gaston Browne that his Government intends to utilize international tax auditors to monitor the finances of, as he put it, “Sandals and other corporate entities in Antigua and Barbuda.” In fact Sandals has been doing this very same thing for years, utilizing first Price Waterhouse, and most recently Grant Thornton as our auditors, two of the highest rated auditing firms in the world, and there has never been an issue with respect to us meeting our financial obligations and…

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Business CARICOM Economic Foreign Affairs Regional News Technology 

Russia in the Caribbean – A New Dawn; First ever joint Russian/Eurasian-Caribbean economic, media and academic forum

November perhaps represents a new ‘Dawn’ for the Caribbean, with humble beginnings in the spice isle of Grenada, with one of the most powerful nations in the world – Russia tabling an interesting proposal. So, what was Russia doing in the tiny Caribbean island of Grenada? Ushering a New Dawn of course. This is the intrepid title given to a full day forum with some of the biggest names in academia, media and economic entities. The event saw regional journalist, Russian academia, tech and financial businessmen from Russia, USA and…

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Business Economic 

Victims of Allen Stanford’s $7B Ponzi Scheme Will Wait Years to Be Repaid

At first glance, the effort to recover money for victims of Allen Stanford’s $7 billion Ponzi scheme looks a bit like Jarndyce and Jarndyce, the endless chancery court case satirized in Charles Dickens’ book, “Bleak House.” Stanford, you’ll recall, was convicted by a Houston jury in 2012 for swindling investors and sentenced to 110 years in prison. Eight years into the case, with no end in sight, the receivership set up in Dallas federal court to unwind Stanford’s fraud has turned up only a small percentage of investors’ lost billions….

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