ST. JOHN’S, Antigua, Friday March 2, 2012 – Britain’s controversial Air Passenger Duty (APD) tax is expected to increase again from April 1, resulting in an eight per cent hike in the cost of a ticket. This increase, which also applies to passengers who booked flights before the new rates were announced, could translate to British travellers to the Caribbean within a 4,001 to 6,000 mile band paying as much as US$257 more on tickets, up from US$238. But as Caribbean governments continue to struggle with the initial addition tax, one airline has stepped forward to shoulder pending increases of the tax. Reports indicate that Virgin Atlantic airline will not be passing on the increases to passengers, but will absorb “hundreds of thousands of dollars” by paying the tax itself to shielf passengers – at least for now.

MINISTRY OF FINANCE, PLANNING, ECONOMY, ENERGY & COOPERATIVES NO. 10/2012 DATE: February 17, 2012 ADJUSMENT IN THE PRICE OF PETROLEUM PRODUCTS JANUARY 2012 ST. GEORGE’S GRENADA, Friday, February 17, 2012: The general public is hereby informed that, effective, Saturday, 18th February 2012, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows: GRENADA Products Old Price New Price Gasoline $15.12/IG $15.99/IG Diesel $15.

ECCU GOVERNMENTS UPDATE: BRITISH-AMERICAN INSURANCE COMPANY (BAICO) AND CLICO INTERNATIONAL LIFE INSURANCE COMPANY (CIL) On October 21, 2011, the ECCU Governments through the communiqué of the Monetary Council provided an update on the implementation of the BAICO restructuring strategy. This release provides the first update for 2012 on progress in respect of BAICO and CIL matters. 1. BRITISH-AMERICAN INSURANCE COMPANY Progress of the sale of BAICO’s Traditional Insurance Business We expect that the process for the sale of the traditional insurance business of BAICO in the ECCU will be completed well before the end of this year. A number of bidders are currently participating in the sale process, and we anticipate that a bidder will be selected and formal documentation entered into around the end of the first quarter of 2012.