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The Caribbean supported in carving a niche in global spa and wellness industry

May 20, 2015
The Caribbean supported in carving a niche in global spa and wellness industry BRIDGETOWN, Barbados -- “A Practical Guide to Incorporating Caribbean Cultural Assets into Spa Services” will be a key tool developed for spas across the region by the Caribbean Export Development Agency (Caribbean Export) as the result of a supplemental grant from the CDB.

Let's Talk Business: Are people really a company's greatest asset? Yeah right

May 20, 2015
Let's Talk Business: Are people really a company's greatest asset? Yeah right It cannot be overstated how important it is to invest time and money in what companies often tout as their greatest or number one asset, its people. What is said versus what companies are actually doing to build their organization’s capabilities around talent is another story. What a disappointment.

Caribbean food production industry to receive US$469,000 in additional support

May 19, 2015
Caribbean food production industry to receive US$469,000 in additional support BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) has pumped an additional US$469,000 into the region’s specialty food sector via a supplemental grant to the Caribbean Export Development Agency (Caribbean Export) under the Caribbean Aid for Trade and Regional...

Another offshore bank reaches resolution with US Department of Justice

May 18, 2015
Another offshore bank reaches resolution with US Department of Justice WASHINGTON, USA -- Another offshore bank, Finter Bank Zurich AG (Finter), located in Zurich, Switzerland, has reached a resolution under the US Justice Department’s so called Swiss Bank Program. The Swiss Bank Program, which was announced on August 29, 2013, provides a path for...

Regional Economics: Why is Haiti so poor?

May 16, 2015
Regional Economics: Why is Haiti so poor? Many of us are quite unaware as to the true reason that Haiti is as poor as it is. And it certainly has nothing to do with simply bad management of government or the natural disasters that frequent the country all too often. Some 200 years ago Haiti was forced to pay France to be able to claim its sovereignty.

Let's Talk Business: Are you really a CEO or someone just pretending to be one?

May 13, 2015
Let's Talk Business: Are you really a CEO or someone just pretending to be one? There are certain best practices that we all can learn from various business gurus who have headed, founded or consulted for Fortune 500 companies. Thankfully, many of them have written books to help us mere mortals become better leaders, so when I came across a very interesting interview in the...

US continues pursuit of offshore banks

May 11, 2015
US continues pursuit of offshore banks WASHINGTON, USA -- The US Department of Justice (DOJ) on Friday reached a resolution with Vadian Bank AG (Vadian), located in St Gallen, Switzerland, under the DOJ’s Swiss Bank Program. “Today’s action is another warning for those who are still considering hiding money offshore to evade US tax laws...

Dominican Republic hosts fifth international agricultural trade show

May 8, 2015
Dominican Republic hosts fifth international agricultural trade show SANTO DOMINGO, Dominican Republic -- From May 7 to 9, 2015, Dominican Republic producers and exporters, along with national and multinational companies in the food, beverages and tobacco sectors will be gathered at the Agroalimentaria Fair in Santo Domingo, Dominican Republic.

Trinidad and Tobago woos Atlanta business community

May 7, 2015
Trinidad and Tobago woos Atlanta business community ATLANTA, USA -- The Trinidad and Tobago Convention Bureau (TTCB), a department within the Trinidad and Tobago Tourism Development Company (TDC) kicked off its three-city North American Road Show in downtown Atlanta on Monday. In attendance was Dr Anil Ramnanan, consul general...

Records and documents management company expands in the Caribbean

May 7, 2015
Records and documents management company expands in the Caribbean LIVERMORE, USA -- Rob Alston, CEO of Access, the largest privately held records and information management services provider in the United States, has announced the company's recent expansion in Costa Rica and its entrance into Panama as well as Trinidad and Tobago. In October 2014...

Let's Talk Business: Are you wasting limited training dollars on programs that just don't work?

May 6, 2015
Let's Talk Business: Are you wasting limited training dollars on programs that just don't work? I often say that, when it’s time for a company to start shaving costs, one of the first line items on the budget that quickly gets reduced or cut all together is the training budget. This leaves many human resources professionals with a dilemma: how to spend the limited training dollars they have.

Woman's work: Birthing Caribbean entrepreneurs

May 1, 2015
Woman's work: Birthing Caribbean entrepreneurs PORT OF SPAIN, Trinidad -- You really don’t know what to expect when you put a dozen-plus Caribbean entrepreneurs in one room for a week. But one thing was clear when 15 entrepreneurs -- all women -- came together in Port of Spain, Trinidad, in April. It was the start of something good.

Let's Talk Business: Human resources and the boss that knows it all

April 30, 2015
Let's Talk Business: Human resources and the boss that knows it all We are probably all familiar with the term, "leading from behind", but at what point does leading from behind becomes a total waste of time? At what point do we, as human resources professionals, step out from behind if our leadership is making unilateral decisions that can be a detriment...

Texas business mission visiting Cuba this week

April 29, 2015
Texas business mission visiting Cuba this week HAVANA, Cuba (ACN) -- Hard on the heels of a similar delegation from New York led by that state’s governor, a business mission from the state of Texas is visiting Cuba this week to meet with local companies, including Alimport, Cuba’s food import enterprise. According to Cubadebate website...

Costa Rica and Jamaica strengthen trade ties

April 25, 2015
Costa Rica and Jamaica strengthen trade ties KINGSTON, Jamaica -- Jamaica’s minister of industry, investment and commerce, Anthony Hylton, and Costa Rica’s minister of foreign trade, Alexander Mora, signed an agreement last week in Costa Rica to cement a trading partnership between both nations. The Jamaican and Costa Rican...

Development of private equity to be promoted across the Caribbean

April 25, 2015
Development of private equity to be promoted across the Caribbean WASHINGTON, USA -- The Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) -- a member of the IDB Group -- have established a private-sector focused partnership with The Abraaj Group (Abraaj), a leading private equity investing firm operating in...

Jamaica launches first angel investor network, supported by international partners

April 24, 2015
Jamaica launches first angel investor network, supported by international partners KINGSTON, Jamaica -- First Angels Jamaica, a new Jamaican angel investor network, supported by the Inter-American Development Bank (IADB) and the World Bank Group, was officially launched on Wednesday in Kingston. The network is geared towards helping growth-oriented entrepreneurs.

Caribbean banks look forward to resolution of correspondent banking issue

April 22, 2015
Caribbean banks look forward to resolution of correspondent banking issue CASTRIES, St Lucia -- The Caribbean Association of Banks (CAB) said it fully supports the prime minister of Antigua and Barbuda, Gaston Browne, in his remarks to the meeting of Caribbean Community (CARICOM) heads of government and US president, Barack Obama, on April 9 in Jamaica.

Antigua-Barbuda trade mission visits French Caribbean

April 22, 2015
Antigua-Barbuda trade mission visits French Caribbean POINTE-A-PITRE, Guadeloupe -- A 29-member delegation from Antigua and Barbuda, led by Chet Greene, minister of trade, commerce, industry, sport, culture, consumer affairs and national festivals, arrived in Guadeloupe on Sunday. The visit to the neighbouring French territory was the first leg...

Let's Talk Business: What is your organisation's personality type?

April 22, 2015
Let's Talk Business: What is your organisation's personality type? Every company has a culture. For those of us in business we all know it exist. Whether you are working for a company or running one, it is important to know how culture impacts the performance of your business. Wouldn’t it be useful to put a “name” or description to the various cultures within an organization?

PayPal extends services to Nicaragua

April 21, 2015
PayPal extends services to Nicaragua SAN JOSE, USA -- Online payment processor PayPal has achieved a new milestone in Latin America by enabling more services in Nicaragua. From now on the company will offer accounts to businesses/merchants in Nicaragua for the first time in order to receive payments for its goods or services.

Jamaica seeks to attract more US investors

April 20, 2015
Jamaica seeks to attract more US investors WASHINGTON, USA -- Finance and planning minister, Dr Peter Phillips, says the Jamaican government is now on a drive to attract more US investors, particularly in the areas of tourism, business outsourcing operations, energy, port expansion and the logistics hub. Addressing members of the...

Jamaican trade mission to visit Cuba this week

April 20, 2015
Jamaican trade mission to visit Cuba this week KINGSTON, Jamaica -- In a bid to increase export of Jamaican goods and services, minister of industry, investment and commerce, Anthony Hylton, is leading 18 Jamaican companies on a trade mission to Cuba from April 20 to 23. Jamaica Promotions Corporation (JAMPRO) has been working with...

Implications of Central Bank removing minimum savings rate

April 18, 2015
Implications of Central Bank removing minimum savings rate The Central Bank of Barbados announced on April 7 that the bank would no longer set the minimum savings rate for banks and other deposit taking institutions. I can only speculate as to why this move at this time, like all the other ordinary Barbadians out there. Undoubtedly we know that this move will not...

Let's Talk Business: At the heart of every successful entrepreneur is the ability to find solutions to problems

April 17, 2015
Let's Talk Business: At the heart of every successful entrepreneur is the ability to find solutions to problems I had the great privilege of speaking at the Bahamas National Junior Achievement Conference held in Freeport, Grand Bahama, The Bahamas, in February of this year under the topic, entrepreneurship. For me this was a no brainer as I am an entrepreneur and always have been. Yet, true to form...

Winning deals at CARIFORUM: Big opportunities but 'room for improvement'

April 16, 2015
Winning deals at CARIFORUM: Big opportunities but 'room for improvement' MONTEGO BAY, Jamaica -- The third CARIFORUM-EU Business Forum opened in Montego Bay, Jamaica, on Wednesday, with calls for Caribbean countries to seize new opportunities offered by globalisation and improved access for the region to international markets. The mood of optimism about...

Caribbean and Latin America improve environment for infrastructure investment PPPs

April 15, 2015
Caribbean and Latin America improve environment for infrastructure investment PPPs PUNTA DEL ESTE, Uruguay -- The climate for private investment in infrastructure through public-private partnerships (PPPs) has improved in the Caribbean and Latin America in the last few years, with Chile, Brazil, Peru, Mexico, and Colombia topping the list of the most welcoming countries...

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