(Jamaica Gleaner) Industry Minister Anthony Hylton has signalled to prospective ganja investors that interim regulations to police the industry should be in place by March.

It would pave the way for commercial ganja and allow persons in the trade to start emerging from under the radar.

Hylton told the Financial Gleaner on the margins of the annual Cannabiz business conference, hosted by the National Alliance for the Legalisation of Ganja, that drafting instructions for the regulations had been issued to the chief parliamentary counsel and the process should be completed by the end of February.

The final set of regulations will be promulgated after further consultations, he said.

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(Trinidad Guardian) Two weeks after retrenched ArcelorMittal workers resumed duties at the Point Lisas plant, the company has sent home 498 employees from today with no pay.

The latest dismissals by the international steel producer saw 18 more people being sent home than the December 5 lay offs with the payroll department and port employees also receiving retrenchment letters yesterday.

According to the Steel Workers’ Union (SWUTT), the workers were given the letters yesterday, stating that from today, there will be no work for them until March 13. SWUTT are currently engaged in the judicial review of ArcelorMittal’s dismissal of workers in December and union president Christopher Henry said yesterday’s move was a violation of the order by Industrial Court president Deborah Thomas-Felix.

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(Antigua Observer) The government has announced its intention to tax telecommunications companies after it ended two agreements entered into by the previous administration.

Speaking in parliament during debate on the 2016 National Budget, Telecommunications Minister Melford Nicholas put the providers on notice, that this year, a new tax will follow the enactment of the Telecommunications Bill.

“That Bill gives the minister the opportunity to bring into being a Universal Service Fund. It will allow us to be able to derive up to 3 per cent of the gross revenues of all the telecommunication companies,” the minister declared.

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(Caribbean News Now) WILLEMSTAD, Curacao -- According to Bloomberg Business, the US is now supplying OPEC with crude oil through Curacao.

Petroleos de Venezuela SA (PDVSA) received a cargo of West Texas Intermediate crude at the end of January at a terminal in Curacao, where PDVSA operates the refinery, according to two people familiar with the shipment. It was the first delivery since export restrictions on US crude were lifted last year.

The cargo was 548,000 barrels of crude, Matthew Smith, director of energy research company ClipperData, said by phone from New York. It arrived at Bullen Bay, Curacao, on the tanker Eagle Kuantan, according to one of the people familiar with the shipment, who asked not to be identified because the information isn’t public. The tanker loaded from Nederland, Texas, according to ship-tracking data compiled by Bloomberg.

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Basseterre, St. Kitts (SKNIS)—The tourism industry in St. Kitts and Nevis continues to boom with three luxury cruise liners which docked at Port Zante today (February 02) bringing with them close to 9000 visitors.

According to an official at the St. Kitts Tourism Authority, the Carnival Pride made its inaugural visit to St. Kitts with 2,680 passengers departing from San Juan, Puerto Rico for a 10-day cruise. The Jewel of the Seas brought with it 2,500 passengers from its port of embarkation in San Juan, Puerto Rico, for a 7 night cruise and the Ventura carried 3, 597 travellers, having departed from Southampton, England for a 28 night Caribbean Cruise.       

Because Port Zante cannot accommodate three mega ships, one of the ships, Ventura, had to dock at the Basseterre Deep Water Harbour in Bird Rock. The Jewel of the Seas and the Carnival Pride docked at Port Zante. 

With an expanding tourism industry in the federation, the Government of National Unity has revealed that plans are afoot to build a second pier at Port Zante later this year. Minister of Public Infrastructure, the Honourable Ian Patches Liburd, said last year that The Canadian Commercial Corporation has partnered with the government of St Kitts and Nevis to build a second cruise pier at Basseterre's Port Zante.  He said that the second pier will be able to accommodate two mega cruise ships.

 

Prime Minister Dr. the Honourable Timothy Harris, who holds the portfolio as Minister of Finance, said that a thriving tourism sector augurs well for the economy and shows that the economy is growing and benefitting many persons such as the taxi drivers, the businesses at Port Zante, the restaurants and bars, and those involved in the cotton industry.

 

 

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