The government will be able to fulfill the court ordered US $70 million payment to Half Moon Bay Holdings (HMB) once a scheduled plan is agreed, according to Debt Manager in the Ministry of Finance, Nadia Spencer.

The government is hoping for leeway in fulfilling a court ordered payment of over US $70 million to Half Moon Bay Holdings (HMB).

The Customs and Excise Division will be halting the practice of inspecting every container as part of an initiative designed to speed up the release of goods from the port, according to Finance Minister Harold Lovell.

In a matter of days, shoppers will once again benefit from a major break on the Antigua & Barbuda Sales Tax (ABST).

A far-reaching review of Antigua & Barbuda’s tax policy has been launched, which could result in significant changes to the country’s taxation system.

Finance Minister Harold Lovell said pensioners will receive tax exemptions when travelling as promised, although in a different form than was initially reported.

Tourism chiefs are continuing to discuss plans to develop the Long Bay Public Park – which includes purpose built vendors’ booths.

The Employers’ Federation has made a number of proposals to government that the organisation said could turn the country’s economy around.

The International Monetary Fund (IMF) expects government to record a budget surplus of about $9 million in 2013.

St John’s and Rio de Janeiro have agreed on a deal that would see millions of dollars in debt being exchanged for action on climate change, Agriculture Minister Hilson Baptiste revealed yesterday.