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Cuba to market aged Habanos cigars

December 20, 2014
Cuba to market aged Habanos cigars HAVANA, Cuba (ACN) -- Cuba will bring to the international market two new types of Habanos cigars, aged between five and eight years in perfect condition, allowing smokers to enjoy a high quality product. The launch of aged Romeo y Julieta Pyramids and aged Montecristo Churchills cigars...

Barbados government committed to CLICO restructuring plan

December 20, 2014
Barbados government committed to CLICO restructuring plan BRIDGETOWN, Barbados (BGIS) -- The government of Barbados on Thursday reiterated its full and complete commitment to the court-approved restructuring plan for CLICO International Life (CIL) and its associated companies. In keeping with this commitment, consistent with the recommendations...

Costa Rica attracts 39 new foreign investment projects in 2014

December 20, 2014
Costa Rica attracts 39 new foreign investment projects in 2014 SAN JOSE, Costa Rica -- The Costa Rican Investment Promotion Agency (CINDE) and the ministry of foreign trade of Costa Rica (COMEX) has announced that 39 new investment projects from the sectors of corporate services, life sciences, light manufacturing, advanced manufacturing, agribusiness...

Commentary: Oil takes a nose dive - why? What does it mean?

December 18, 2014
Commentary: Oil takes a nose dive - why? What does it mean? Oil is a life-blood for industry and manufacturing, be it for fuel, plastics and the diverse products made from them. Of these the one uppermost in people's minds is oil as an energy source, be it for vehicles, planes or electricity generation.  The recent period of several years of high oil prices...

Let's Talk Business: Five tips to maintaining proper record keeping for small businesses

December 17, 2014
Let's Talk Business: Five tips to maintaining proper record keeping for small businesses In January 2015, The Bahamas will be implementing Value Added Tax (VAT). Businesses small and large will be required to collect this consumer-based tax on goods and services on the government’s behalf therefore requiring businesses to maintain proper financial records.

Caribbean job market faces 'scenario of uncertainty' in 2015, says UN report

December 15, 2014
Caribbean job market faces 'scenario of uncertainty' in 2015, says UN report MEXICO CITY, Mexico -- An “unusual pattern” has been detected in this year’s urban employment rate in Latin America and the Caribbean, which continued to fall despite warning signs of economic slowdown, said a new report released by the United Nations International Labour Organization.

Caribbean banks urge regional governments to sign FATCA agreements with US

December 13, 2014
Caribbean banks urge regional governments to sign FATCA agreements with US CASTRIES, St Lucia -- The Caribbean Association of Banks (CAB) has strongly urged governments in the region, which have not yet completed the process towards a signed intergovernmental agreement (IGA) under the US Foreign Account Tax Compliance Act (FATCA) with the US to do so speedily.

CARTAC on track to its busiest year in support of economic and financial reforms in the Caribbean

December 11, 2014
CARTAC on track to its busiest year in support of economic and financial reforms in the Caribbean NASSAU, Bahamas (IMF) -- The steering committee of the International Monetary Fund’s Caribbean Regional Technical Assistance Center (CARTAC) has welcomed the progress of the center in scaling-up the delivery of technical assistance (TA) since the last meeting in May 2014.

Emerging technologies in tourism sector could offer new employment in the Caribbean

December 10, 2014
Emerging technologies in tourism sector could offer new employment in the Caribbean PORT-OF-SPAIN, Trinidad -- The Association of Caribbean States (ACS) and the International Labour Organization (ILO) Decent Work Team and Office for the Caribbean hosted a concluding workshop in Port of Spain, Trinidad, on 8-9 December 2014, where participants shared findings from their...

Let's Talk Business: Can a career coach benefit your career?

December 10, 2014
Let's Talk Business: Can a career coach benefit your career? In my line of work, I often come across very experienced well-educated professionals who have found that their careers have plateaued. They are seeing no room for upward mobility with their current employers and while they have kept their soft and technical skills sharp with continuous education...

Bahamas to host regional management consultants conference

December 8, 2014
Bahamas to host regional management consultants conference CASTRIES, St Lucia -- The Caribbean Institute of Certified Management Consultants (CICMC), a member of the International Council of Management Consultants Institute (ICMCI), has announced that its 2015 conference will take place in The Bahamas. The CICMC conference is the...

Ratings for Puerto Rico banks affirmed following peer review

December 6, 2014
Ratings for Puerto Rico banks affirmed following peer review NEW YORK, USA -- Fitch Ratings has completed a peer review of three rated Puerto Rican banks and has affirmed the Long-term Issuer Default Ratings (IDR) for Doral Financial Corp. (DRL) at 'C' and Popular Inc. (BPOP) at 'BB-' and First BanCorp (FBP) at 'B-'. The rating outlook is stable for BPOP and FBP.

Banco Popular of Puerto Rico recognized as 'Bank of the Year' by leading magazine

December 4, 2014
Banco Popular of Puerto Rico recognized as 'Bank of the Year' by leading magazine SAN JUAN, Puerto Rico -- Banco Popular de Puerto Rico has received the prestigious “Bank of the Year Puerto Rico for 2014” award from The Banker, an international banking magazine published by The Financial Times. The Banker is read in 180 countries and was founded in 1926.

$5 million investment to bring microinsurance to the Caribbean

December 4, 2014
$5 million investment to bring microinsurance to the Caribbean LONDON, England -- Bima, a global microinsurance provider, has announced a US$5 million investment from regional wireless provider Digicel. This investment and the resulting partnership will help Bima to deliver access to affordable insurance on a scale never seen before in those regions.

Let's Talk Business: Business email communication etiquette, dos and don'ts

December 4, 2014
Let's Talk Business: Business email communication etiquette, dos and don'ts Business communication via email is essential in today’s highly technological environment. Email is considered an accepted form of business communication. Approximately 90 percent of Internet users access their business mail via email. While it is no replacement for traditional modes...

CDB to assist regional businesses with management accounting systems

December 3, 2014
CDB to assist regional businesses with management accounting systems BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) will be hosting a three-day sub-regional train-the-trainer workshop (TTW) on “Management Accounting Systems for Micro, Small and Medium-sized Enterprises (MSMEs)” from period December 3-5, 2014 in Barbados.

The Business of Tourism: Taxis, the visitor and a challenge

December 2, 2014
The Business of Tourism: Taxis, the visitor and a challenge Taking a taxi at any airport is always an interesting experience. This is because it frequently provides the first true impression of a country, its culture, how well it is organised and the way people are. More often than not, it also demonstrates the cartel-like arrangements that taxi associations have established...

Career preparation workshop held in Antigua-Barbuda

November 29, 2014
Career preparation workshop held in Antigua-Barbuda ST JOHN’S, Antigua -- The region’s leading microfinance institution is tackling a significant problem in the Eastern Caribbean that has far reaching negative implications for the future workforce in the region. As part of a regional programme, Axcel Finance, has been holding a series of career preparation...

Regional Investor of the Year Award event held in Dominican Republic

November 28, 2014
Regional Investor of the Year Award event held in Dominican Republic SANTO DOMINGO, Dominican Republic -- The second edition of the Regional Investor of the Year Award was held in Santo Domingo, Dominican Republic, on November 17, 2014, before a host of invited guests, including representatives from the Caribbean Association of Investment Promotion Agencies.

Bahamas company conducts supervisory seminar for Grand Bahama firms

November 28, 2014
Bahamas company conducts supervisory seminar for Grand Bahama firms FREEPORT, Bahamas -- The Phoenix Institute For Positive Development and Empowerment, an international human resources development company based in Nassau, Bahamas, recently conducted its highly effective The Proficient Supervisor Seminar for a number of firms in Freeport Grand Bahama.

Let's Talk Business: Why most managers hate performance reviews and for good reason

November 27, 2014
Let's Talk Business: Why most managers hate performance reviews and for good reason This is the time of the year when many companies conduct their annual employee performance reviews. For human resources, this can be a bit of a nightmare. Mainly because many managers struggle with conducting performance reviews or simply just hate doing them. So it becomes a dodge exercise.

St Lucia minister challenges telecoms provider over new charge for printed bills

November 25, 2014
St Lucia minister challenges telecoms provider over new charge for printed bills CASTRIES, St Lucia -- Saint Lucia’s minister with responsibility for telecommunications Dr James Fletcher, wrote last week to regional telecommunications provider LIME, expressing concern over a decision by the company to charge customers an additional EC$6.18 (US$2.29) monthly for printed bills.

Royal Bank of Canada to close Caribbean wealth-management business

November 24, 2014
Royal Bank of Canada to close Caribbean wealth-management business TORONTO, Canada -- Royal Bank of Canada plans to close its wealth management operations in the Caribbean, as the bank continues a retreat in its international wealth business that began last year in Latin America, Bloomberg News reported. “RBC Wealth Management is realigning...

Caribbean Association of Banks holds annual meeting in Grenada

November 24, 2014
Caribbean Association of Banks holds annual meeting in Grenada ST GEORGE’S, Grenada -- The Caribbean Association of Banks (CAB) successfully completed its 41st conference and annual general meeting held in Grenada from 12-15 November. As a primary objective, CAB provides a forum that enables members to solve their common challenges.

Caribbean Export sponsors participation in international trade fair in Cuba

November 20, 2014
Caribbean Export sponsors participation in international trade fair in Cuba HAVANA, Cuba -- The Caribbean Export Development Agency (Caribbean Export), within the framework of the 10th European Development Fund (EDF)-funded Haiti-Dominican Republic Binational Programme, sponsored the participation of Haitian and Dominican exporters at the Habana International...

Let's Talk Business: Five steps to developing a workforce plan

November 20, 2014
Let's Talk Business: Five steps to developing a workforce plan We all know the value of business planning; it lays the groundwork or foundation for how our company’s vision and mission will be executed and come alive. We create these plans as a roadmap to achieving the success of our businesses. Somewhere along the way however, our plan that...

Colombian energy industry offers Caribbean investors high potential for near-term gains

November 19, 2014
Colombian energy industry offers Caribbean investors high potential for near-term gains MIAMI, USA -- Over the past decade, Colombia has become a leader in the energy sector of Latin America, creating an ideal opportunity for Caribbean investors looking to tap into an emerging energy hub. The sector has a potential to generate billions in the next 20 years and create tens of thousands of jobs.

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