SXMElections.com

China ready to cut rates again on fears of deflation

BEIJING--China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week that a bold monetary policy step was required to stabilise the world's second-largest economy.

Economic growth has slowed to 7.3 percent in the third quarter and policymakers feared it was on the verge of dipping below 7 percent - a rate not seen since the global financial crisis Read more

Acs And Celac Present Initiatives At Meeting Of Regional Tourism Agencies

PORT OF SPAIN, Trinidad and Tobago - On November 10th 2014 the Association of Caribbean States (ACS), on behalf of the Community of Latin America and Caribbean States (CELAC), hosted a meeting of Regional Tourism Agencies at its headquarters in Port of Spain, Trinidad and Tobago.

The meeting was themed "Sustainable Tourism: Building Bridges for Co-operation and Development in Latin America and the Caribbean Promoting Community- based Tourism for Diversification and Competitiveness."

Mrs Read more

Some 1,400 pupils participate in public schools’ ‘Unity Walk’

PHILIPSBURG--An estimated 1,411 pupils and 145 teachers, primarily dressed in the colours of the St. Maarten Flag, participated in a vibrant walk through Philipsburg on Friday, as part of the annual pre-St. Martin/St. Maarten Day Unity Walk.

Pupils and their teachers snaked through the streets of Philipsburg in their colourful attire, adding a dash of colour to the streets as they walked. Persons stopped along the route to watch the youngsters walk and the island prepare to celebrate St Read more

Mussington: ‘Taxes hurting the small man, unemployed’

MARIGOT--President of Movement for Advancement of the People (MAP) Louis Mussington said Tuesday he condemned the "hurried" decision made by the Territorial Council last week to introduce three new tax measures, the controversial 30-per-cent Revenu Solidarité Active (RSA) levy for one, saying this will again "hurt the small man, the unemployed and those in despair, who are already suffering."

He said since the Collectivité had the competence in 2007 to write its own fiscal policy, it has failed to come up with a tax policy that's fair.

"Every time there is an increase in public charges, we rush through new measures, as in this case, and it always hurts the small man," he said Read more

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