Ricardo Blackman’s Caribbean Headlines News October 10th

By Ricardo Blackman | CDN Barbados

Dateline Bridgetown, BARBADOS:

Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, wants critics of government to present a viable option to the dreaded National Social Responsibility Levy (NSRL).

A multi-million dollar agri-business development project will be constructed at Dukes Plantation, St. Thomas, on land gifted to the University of the West Indies (UWI), Cave Hill Campus five years ago.

A new study shows that Barbadians are deeply concerned about the level of violence “creeping into society” and are anxious to see it halted as soon as possible.  The finding is contained in the Barbados at 50 National Values Assessment, details of which were released yesterday at the Sagicor Cave Hill School of Business.

Member of Parliament for St. James Central, Kerrie Symmonds, has added his voice to those calling on Prime Minister Freundel Stuart to deliver on a promise he made to pay increases for public servants.

Dateline St. Georges, GRENADA:

Barbados is being urged to embrace home stay programmes instead of viewing them as rivals of the hotel sector.  The advice came from Chief Executive Officer of the Grenada Tourism Authority (GTA), Patricia Maher, who revealed that her country was well on the way to regularizing this informal sector.

Dateline Roseau, DOMINICA:

“Our devastation is so complete that our recovery has to be total.  And so we have a unique opportunity to be an example to the world, an example of how an entire nation rebounds from disaster and how an entire nation can be climate resilient for the future.”  Those words from Dominica’s Prime Minister Roosevelt Skerrit at a Press Conference which followed the United Nations Secretary General, Antonio Guterres’ visit to the hurricane-torn Eastern Caribbean country.

Dateline Castries, ST. LUCIA:

Agriculture officials in St. Lucia are in discussions about an insurance and pension scheme as part of a new programme for agriculture.

Dateline Basseterre, ST. KITTS:

A team from the Barbados-based Caribbean Development Bank (CDB) has visited St. Kitts and Nevis to discuss the country’s development priorities and to determine the main areas of intervention that CDB could support over the period 2017/2021.

Prime Minister Dr. Timothy Harris and Ian “Patches” Liburd, minister of public infrastructure, have had a bilateral meeting with France’s ambassador to St. Kitts and Nevis, Philippe Ardanaz and French foreign trade advisor, Jacques Chouraki.  Both parties reaffirmed their support for geothermal energy development in St. Kitts and Nevis.

BUSINESS:

NEW YORK:

Wal Mart Stores Inc have forecast US on-line sales to increase by about 40% and overall net sales by at least 3 % in fiscal year ending January, 2019.  The retailer, which will hold its investors meeting today, also said it would buy back $20 Billion of its shares over two years.

US manufacturer Honeywell International Inc will spin off its home and ADI global distribution business and transportation systems into two independent publicly-traded companies by the end of 2018.

Oil rose to above $56 a barrel supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of over supply.

LONDON:

Uber says that treating its British drivers as workers, entitling them to rights such as the minimum wage and holiday pay, would add tens of millions of pounds sterling to the taxi app’s costs.  Uber currently classifies its near 50,000 drivers in Britain as self-employed, affording them only basic entitlements.

NEW DELHI:

OPEC’s Secretary-General Mohammed Barkindo, has called on US shale oil producers to help curtail oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term.

TORONTO:

Netflix has received formal approval to start a $500 million production unit in Canada and sought to quell talk that it had asked for special tax benefits for investing in its first such unit outside the US.

THE CARIBBEAN:

NASSAU:

The Fusion Superflex family entertainment centre has officially started its employee recruitment process, with a goal to hire 150 Bahamians in preparation for its opening, slated for first quarter 2018.  The $42 million entertainment venue is looking for employees in the administration, entertainment, information technology, marketing, food and beverage, and security and facilities areas.

PORT OF SPAIN:

The local operators of KFC, Starbucks and TGI Fridays brands in Trinidad and Tobago suffered a 24% decline in its profit attributable to shareholders for the nine months ending August 31.  The group’s revenue grew by six per cent to $778 million in the period.

KINGSTOWN:

After closing its doors at the height of controversy in December last year, Buccament Bay Resort in St. Vincent and the Grenadines could be back in business in early 2018.

INTERNATIONAL:

North Korean leadership has told Russian lawmakers that it possesses a ballistic missile with a range of 3,000 kilometers (1864.11) miles that will be able top reach US territory after modernization.

Russia has accused the United States of pretending to fight Islamic State and deliberately reducing its air strikes in Iraq to allow the group’s militants to stream into Syria to slow the Russian-backed advance of the Syrian Army.

President Trump has called for changes to US tax law affecting the National Football League, fueling a feud with the League and its players over protests that he says disrespect the nation.

Election campaigning in Japan has begin in earnest with Prime Minister Shinzo Abe asking to repel an upstart new party that has pledged to rid the government of cronyism in a challenge to Abe’s near five-year hold on power.