Ricardo Blackman’s Caribbean Headlines News 02/10

By Ricardo Blackman | CDN Barbados

Dateline Bridgetown, BARBADOS:

The Barbados economy is at the point where all options should be on the table.  The advice is coming from Barbadian Omar Gadsby, a high-ranking official of the international bank Credit Suisse where he overseas US$50 billion in bond mutual fund assets of the Zurich, Switzerland-based bank’s wealthy clients.  Gadsby said Barbados, faced with a ballooning debt, low growth and weakening competitiveness, was now at its most vulnerable in post-independence history.  The financial expert has suggested an open and deep dialogue with the International Monetary Fund (IMF) and a critical analysis of the currency peg.

Good for her but the new party will not make a difference to local politics.  This is the assessment of political consultant and director of Caribbean Development and Research Services (CADRES), Peter Wickham to the news that Barbados Labour Party member Lynette Eastmond had come out as the Chairperson of the island’s newest party, the United Progressive Party (UPP). “I congratulate her for forming a new party, but I don’t really know that it is going to make an impact on the politics of Barbados was Wickham’s assessment of the news.  The political analyst said Eastmond’s record as a politician was “not exactly outstanding” and wondered if she would garner public support and eventually votes to secure a seat in the House of Assembly.

Minister of Agriculture and Water Resource Management, Dr. David Estwick, is not shaking in his boots in fear of the latest political party to emerge in Barbados.  Opposition Barbados Labour Party reject Lynette Eastmond yesterday introduced the United Progressive Party (UPP), although she refused to disclose who would run for her fledging party.  Estwick, who defeated Eastmond in St. Philip West, paid little attention to the new party, casually dismissing the former Minister of Commerce, Consumer Affairs and Business Development as nothing more than “a three-time loser”.

Minister of Tourism, Richard Sealy, has dismissed critics of Airbnb, insisting the short-term rental facility was contributing significantly towards the tourism industry.

Dateline Roseau, DOMINICA:

Prime Minister Rossevelt Skerrit, has filed a lawsuit against Opposition leader Lennox Linton and radio station Q95, on the grounds of slander, libel and aggravated damages, and is asking for a significant amount of damages, according to his senior counsel, Tony Astaphan.

Dateline Port of Spain, TRINIDAD:

The Massy Group, through its Massy Motors subsidiary, has acquired two large automobile dealerships in Colombia.  Through this acquisition, Massy Motors will now represent a number of automotive brands – Renault, VW, Volvo and Hyundai, along with Mazda, Kia and Foton in Cali.

A High Commission of Guyana has officially been established in Port of Spain.