PANAMA CITY, (Reuters) – Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds yesterday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.
(Trinidad Express) Brazilian firm Construtora OAS has been fired from the $7 billion Solomon Hochoy Highway extension to Point Fortin.
But even in the face of harsh criticism from Government, the embattled company is fighting back to defend its work on the stalled project and denying it abandoned the massive highway extension.
SAO PAULO (Reuters) – Brazil’s interim President Michel Temer told local newspapers women should retire earlier than men, explaining why he did not support making a potential minimum retirement age equal for both sexes as his government tackles pension reform.
(Barbados Nation) Barbados’ Minister of Education Ronald Jones has rapped primary school principals for expensive graduation ceremonies that are unaffordable to some parents and forcing others to dig deep into their pockets.
(Trinidad Guardian) Deficiency in the Central Bank’s regulatory control of the insurance industry and the respective “visions” of CL Financial chairman Lawrence Duprey and Hindu Credit Union chairman Harry Harnarine have come in for criticism by chairman of the Clico/HCU commission of enquiry, Sir Anthony Colman.
BOGOTA/HAVANA, (Reuters) – Colombia’s government and leftist FARC rebels said yesterday they had reached agreement on a definitive ceasefire that would end hostilities in the longest-running conflict in the Western Hemisphere.
CARACAS/WASHINGTON, (Reuters) – The U.S. government sent veteran diplomat Tom Shannon to Venezuela yesterday to meet senior opposition and government figures amid a brutal economic crisis and political impasse in the South American OPEC nation.
BOGOTA, (Reuters) – Colombia will reach agreement on a bilateral ceasefire at peace talks with leftist FARC rebels this week, President Juan Manuel Santos said yesterday, in what he said would mark a key advance in the negotiations to end 50 years of war.
(Trinidad Guardian) As T&T weighs up approving the construction of a Sandals Resort in Tobago, Antigua and Barbuda’s Prime Minister Gaston Browne has been engaged in a testy public exchange with Sandals Chairman Butch Stewart over Sandals’ retention of sales tax income, by what the Antiguan government has called “an unlawful agreement.”
Sandals collects an Antigua and Barbuda Sales Tax (ABST) from its customers and, according to Browne, keeps 65 per cent of the yields.
CARACAS (Reuters) – Venezuelan opposition sympathizers lined up yesterday around the country to validate signatures as part of a painstaking process to request a recall referendum against President Nicolas Maduro, who is deeply unpopular due to the country’s economic crisis.
BOGOTA (Reuters) – Colombia will have to raise taxes to fund its conflict with Marxist rebels if a possible peace deal falls through, President Juan Manuel Santos said yesterday, in comments roundly criticized by the opposition.