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Cayman Islands rises in global financial centres index

April 1, 2015
Cayman Islands rises in global financial centres index GEORGE TOWN, Cayman Islands -- The Cayman Islands has moved up an impressive 15 positions in the most recent Global Financial Centres Index (GFCI). "The Cayman Islands was ranked at 54 in the last report published in September and it is indeed very pleasing to see the significant move...

St Lucia company takes board governance training to Turks and Caicos

April 1, 2015
St Lucia company takes board governance training to Turks and Caicos CASTRIES, St Lucia -- Last year, the Saint Lucia-based Caribbean Governance Training Institute (CGTI) introduced a certification program called the Chartered Director (C.Dir) qualification, involving an optional three-hour exam based on a three-day course covering all aspects of board governance.

Let's Talk Business: What exactly is leadership?

April 1, 2015
Let's Talk Business: What exactly is leadership? I've attended so many leadership training sessions throughout my career and have conducted leadership training for many emerging and experienced leaders, so much so, that I can't even keep count. But what truly is leadership? Of course there are many definitions, many books that have been published...

First bank reaches resolution under US Justice Department's Swiss Bank Program

March 31, 2015
First bank reaches resolution under US Justice Department's Swiss Bank Program WASHINGTON, USA -- The US Department of Justice announced on Monday that BSI SA, one of the ten largest private banks in Switzerland, is the first bank to reach a resolution under the department’s Swiss Bank Program. “Because of the department’s continuing efforts to root out...

Agribusiness and handicraft firms in Haiti and Dominican Republic awarded 700,000 euros

March 30, 2015
Agribusiness and handicraft firms in Haiti and Dominican Republic awarded 700,000 euros BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has awarded €700,000 to 31 firms and business support organizations (BSOs) in Haiti and the Dominican Republic via the Binational Grants Programme, as part of the Haiti/Dominican Republic...

Japanese car dealer expands its reach to the Caribbean

March 26, 2015
Japanese car dealer expands its reach to the Caribbean AICHI, Japan -- Fairline Cars, a supplier of new and pre-owned quality cars based in Aichi, Japan, some 220 miles west of Tokyo, is expanding its reach to the Caribbean. Fairline Cars is the export division of Fairline Corporation, an international company specialising in importing and exporting...

New forum to tackle Commonwealth trade challenges

March 26, 2015
New forum to tackle Commonwealth trade challenges LONDON, England -- A Commonwealth working group on trade will meet in Malta for the first time to consider challenges affecting member countries. The consultative meeting of the Commonwealth Expert Group on Trade (CEGT), which will take place from 25-26 March 2015...

Colombia seeks more investment from the Caribbean

March 26, 2015
Colombia seeks more investment from the Caribbean BOGOTA, Colombia -- The high ratings of global firms, the GDP growth in the last five years and the time it takes to start a new business in Colombia, are some of the factors that have made the country the ideal place to invest and do business. Procolombia, the Colombian government promotion agency...

Global rum market tipped for value growth

March 25, 2015
Global rum market tipped for value growth LONDON, England -- A new report from just-drinks and The IWSR has forecast value growth in the coming four years for the rum sector, in spite of a continuing decline in the sector's volume performance. The report, entitled 'Global rum insights - market forecasts, product innovation and consumer...

Let's Talk Business: Eight things recruiters don't want you to know

March 25, 2015
Let's Talk Business: Eight things recruiters don't want you to know With jobs in limited supply and not enough skilled labour to go around, it is critical when job-hunting that you are a cut above the rest. If you are fortunate enough to get to that first interview, (it typically takes a recruiter about 30 seconds to make that decision after scanning your resume), it is essential that...

Barbados international business sector still vibrant, says minister

March 23, 2015
Barbados international business sector still vibrant, says minister BRIDGETOWN, Barbados (BGIS) -- Despite the current economic situation, many foreign-owned entities still consider Barbados to be a reputable domicile of choice, especially in the areas of international insurance and industry, minister of industry, international business, commerce and...

Let's Talk Business: The delicate balance of diversifying your workforce without age discrimination

March 20, 2015
Let's Talk Business: The delicate balance of diversifying your workforce without age discrimination As companies today continue to place a stronger emphasis on recruiting top talent, some possible problematic yet unintentional issues could arise. In business, we know that the bulk of our overhead costs are salaries and benefits. It is estimated that about 40 percent or higher of a company's operating...

Business partnerships to be bolstered by third CARIFORUM-EU business forum

March 14, 2015
Business partnerships to be bolstered by third CARIFORUM-EU business forum BRIDGETOWN, Barbados -- The Caribbean Export Development Agency will host its third CARIFORUM-EU Business Forum, scheduled to take place on April 15 – 16 in Montego Bay, Jamaica. The conference, which is organised in collaboration with the ACP Business Climate facility (BizClim)...

Jamaica targets Central America for export at Panama trade show

March 11, 2015
Jamaica targets Central America for export at Panama trade show KINGSTON, Jamaica -- Brand Jamaica will be on full display in Panama at Central America’s largest trade show Exposición Comercial Internacional (EXPOCOMER) on March 11-14, 2015. A Jamaican delegation led by Jamaica Promotions Corporation (JAMPRO) will be promoting...

Accelerating Caribbean entrepreneurship: Call for business incubators in St Vincent

March 11, 2015
Accelerating Caribbean entrepreneurship: Call for business incubators in St Vincent KINGSTOWN, St Vincent -- Businesses in St Vincent and the Grenadines have until April 3 to apply to provide incubation services to entrepreneurs, as part of an ongoing government grant funding programme. Under its information and communications technology (ICT) development agenda...

Let's Talk Business: Why consider conducting a talent audit sooner rather than later

March 11, 2015
Let's Talk Business: Why consider conducting a talent audit sooner rather than later Businesses today are faced with a huge dilemma and it’s all centered on talent. As the CFO or CEO of your company you may disagree. In this economy, who could blame you? The cost of doing business continues to rise. Expenses are high, resources are limited, and the spending habits of...

Large Cuban business mission attends Panamanian trade fair

March 10, 2015
Large Cuban business mission attends Panamanian trade fair HAVANA, Cuba (ACN) -- Some 30 Cuban entrepreneurs from different economic sectors will attend Panama’s Expocomer Trade Fair from March 11-15, which this year marks the 100th anniversary of the local Chamber of Commerce, Industry and Agriculture, (CCIAP), the main Panamanian...

Antigua-Barbuda government to boost efficiency through new agreement with Microsoft

March 9, 2015
Antigua-Barbuda government to boost efficiency through new agreement with Microsoft PORT OF SPAIN, Trinidad -- The Antigua and Barbuda ministry of information, broadcasting, telecommunications and information technology has signed a new agreement with Microsoft Trinidad and Tobago, which will transform how the government does business, ultimately resulting in...

Cayman voted best hedge fund services jurisdiction

March 7, 2015
Cayman voted best hedge fund services jurisdiction LONDON, England -- The Cayman Islands has been announced as the best hedge fund services jurisdiction at the 2015 Hedgeweek Global Awards in London. Hedgeweek is the largest online news publisher serving the investment and wealth managers market. Minister of Financial Services...

Disproportionate impaired loans in the Caribbean weighing down Canadian banks

March 4, 2015
Disproportionate impaired loans in the Caribbean weighing down Canadian banks NASSAU, Bahamas -- As the extent of the damage suffered by Canadian banks in the Caribbean comes more clearly into focus, so too does the role the misfortunes of the region’s hospitality industry played in inflicting that damage, and so too does the question of how much is too much.

US agriculture representatives explore business opportunities in Cuba

March 4, 2015
US agriculture representatives explore business opportunities in Cuba HAVANA, Cuba (ACN) -- Representatives of an agricultural organization in the United States are visiting Cuba to explore the opportunities the Caribbean nation offers in agribusiness, with the purpose of establishing bilateral commercial exchanges, limited for over 50 years due to the US trade embargo.

Let's Talk Business: Are you a small business owner social media skeptic?

March 4, 2015
Let's Talk Business: Are you a small business owner social media skeptic? I’ve often heard some skeptical small business owners speak of how they despise social media, especially Facebook. They go on about how their business would not benefit from social media networking. Some proclaim that they rarely even use the Internet, except for accessing their email of course.

Puerto Rico bank shut down by regulators

March 2, 2015
Puerto Rico bank shut down by regulators SAN JUAN, Puerto Rico -- Doral Bank in Puerto Rico was closed down on Friday by the Office of the Commissioner of Financial Institutions of Puerto Rico, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and...

Outgoing CARICOM chairman calls for response to threat to regional banks

March 2, 2015
Outgoing CARICOM chairman calls for response to threat to regional banks NASSAU, Bahamas -- Countries in the Caribbean Community (CARICOM) are marginalized in the international community, with no voice or vote in international financial institutions, and are coerced into adopting policies that harm regional economies while serving the interests of others.

Jamaica targeting US-based IT firms

March 2, 2015
Jamaica targeting US-based IT firms MONTEGO BAY, Jamaica (JIS) -- Minister of science, technology, energy and mining, Phillip Paulwell, said the ministry will be intensifying efforts to attract more information communications technology (ICT) firms to Jamaica. He said the ministry will be going after US-based companies.

Cigar manufacturer announces major tobacco farmland acquisitions in Nicaragua and Honduras

February 28, 2015
Cigar manufacturer announces major tobacco farmland acquisitions in Nicaragua and Honduras BASEL, Switzerland -- Oettinger Davidoff AG, a worldwide leading manufacturer of premium cigars, headquartered in Basel, Switzerland, has announced the acquisition of tobacco farmland in Nicaragua's Condega region as well as in the Jamastran valley of Honduras.

US Supreme Court rules in favour of Cuba tobacco company

February 26, 2015
US Supreme Court rules in favour of Cuba tobacco company HAVANA, Cuba (ACN) -- A ruling this week by the US Supreme Court favoured Cuba in litigation that has been underway for several years against an American company, which was marketing Dominican Republic cigars under the Cuban brand Cohiba. The court declined to consider an appeal...

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