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Surinam Airways must 'think big', says aviation expert

January 23, 2017
PARAMARIBO, Suirname -- In his assessment of Surinam Airways (SLM), aviation expert Tomas Chlumecky has called on the airline to “get out of the thinking small syndrome, and to take bold measures” to grow in the region because there is great potential for the national airline.

Marketing Strategies Today: Seven business marketing trends for 2017

January 23, 2017
Marketing Strategies Today: Seven business marketing trends for 2017 At the very basic, marketing is a form of communication to consumers with the aim of selling them a product or service. However, it can become a complicated game searching new and exciting ways of enticing customers. With the current advancement in digital technology, the marketing...

Islamic Bank's 'reverse linkage' synergy may help modernize and diversify Guyana and Suriname agriculture

January 21, 2017
Islamic Bank's 'reverse linkage' synergy may help modernize and diversify Guyana and Suriname agriculture PARAMARIBO, Suriname -- The private and public sectors of Guyana and Suriname may benefit from the Islamic Development Bank (IsDB) “Reverse Linkage (RLs) or South-South Cooperation”, an overarching objective of capacity development through the transfer of knowledge, technology...

Senators tell new US treasury secretary nominee to eliminate Cayman Islands and other tax havens

January 21, 2017
Senators tell new US treasury secretary nominee to eliminate Cayman Islands and other tax havens WASHINGTON, USA -- Members of the United States Senate, questioning the new Trump administration nominee for Treasury Secretary on Thursday, asked Steve Mnuchin how he intends to close down Caribbean tax havens, specifically naming the Cayman Islands.  The Senate panel demanded details...

European Union considers including Bahamas on another blacklist

January 21, 2017
European Union considers including Bahamas on another blacklist NASSAU, Bahamas -- The Bahamas could be on the brink of once again being blacklisted by the European Union (EU), according to an Associated Press (AP) story published on Thursday. The Bahamas was previously identified by the EU as facilitating tax evasion, which underscored the...

Panama Papers prompt tax agencies to draw up 'target list' of offshore enablers

January 21, 2017
Panama Papers prompt tax agencies to draw up 'target list' of offshore enablers PARIS, France (ICIJ) -- Tax agencies from 30 countries convened in Paris this week to take part in the largest ever simultaneous exchange of tax information and to share results and details on thousands of investigations sparked by the Panama Papers. The meeting of the Joint International...

Trade and investment agreement signed between Curacao and the Dominican Republic

January 20, 2017
Trade and investment agreement signed between Curacao and the Dominican Republic WILLEMSTAD, Curacao -- An agreement was signed last Tuesday in the office of the consul of the Dominican Republic in Curacao; between ADECK; the Association of Small and Medium size business in Curacao and the Dutch Chamber of Commerce in the Dominican Republic.

Regional bank completes wind-down of UK private banking business

January 20, 2017
Regional bank completes wind-down of UK private banking business HAMILTON, Bermuda -- Prominent regional bank, the Bank of N.T. Butterfield & Son Limited, has announced that it has completed the orderly wind-down of its London-based private banking business and has fully discontinued its deposit-taking and investment management services in the UK.

Use economic citizenship funds wisely, says ECCB governor

January 17, 2017
Use economic citizenship funds wisely, says ECCB governor BASSETERRE, St Kitts (WINN) -- Guidelines and recommendations pertaining to the use of revenue from economic citizenship programmes in the Organisation of Eastern Caribbean States (OECS) have been put forward by Governor Timothy Antoine of the Eastern Caribbean Central Bank.

Policymakers need to look at wider economic benefits of taxing sugary drinks, says new study

January 17, 2017
Policymakers need to look at wider economic benefits of taxing sugary drinks, says new study NORWICH, England -- The wider economic benefits of a tax on sugary drinks need to be recognised by policymakers if retailers’ pricing behaviour is to be changed, according to a study led by the University of East Anglia (UEA). The researchers argue that economic welfare would be improved if firms...

Fifty Guyana trainees to benefit from oil and gas courses in Texas

January 16, 2017
Fifty Guyana trainees to benefit from oil and gas courses in Texas AUSTIN, USA -- At least 50 Guyanese trainees are expected to benefit from a series of oil and gas related courses that will be offered by the University of Texas – Petroleum Extension, in association with the Caribbean Learning Portal, and schooladviser.org. The first course, which is part of a total...

Another investor lawsuit filed over Puerto Rico bonds

January 16, 2017
Another investor lawsuit filed over Puerto Rico bonds SAN JUAN, Puerto Rico -- A securities arbitration law firm on Friday filed a claim against UBS Financial Services Inc. of Puerto Rico and UBS Financial Services, Inc. (collectively “UBS”) for $8.5 million. According to the claim, the claimant entrusted assets to UBS with the investment objective...

Marketing Strategies Today: How colour affects website conversion

January 16, 2017
Marketing Strategies Today: How colour affects website conversion When it comes to a website colour can have a direct effect on your conversions because of the way that you are able to see a situation or an attitude. When your eyes take in a colour, whether you know it or not, it instantly plays on your emotions and that means that it is very important...

Suriname and Guyana officials participate in Islamic Bank workshop

January 13, 2017
Suriname and Guyana officials participate in Islamic Bank workshop PARAMARIBO, Suriname -- Suriname and Guyanese officials participated on January 9-11 in a workshop on Islamic banking and finance, which was conducted by the Islamic Research and Training Institute (IRTI), an arm of the Islamic Development Bank (IsDB), and which was held in...

Marriott International brings luxury Autograph Collection to Dominica

January 13, 2017
Marriott International brings luxury Autograph Collection to Dominica ROSEAU, Dominica -- Silver Beach Resort and Spa, one of the approved citizenship by investment real estate developments in Dominica is now part of the world’s largest hotel chain - Marriott International. The five-star luxury resort, which will debut on Dominica’s picturesque northwest coast...

Success with the culture of the Pacific spiny lobster in Panama

January 13, 2017
Success with the culture of the Pacific spiny lobster in Panama BOQUETE, Panama -- The Pacific spiny lobster of Panama (Panulirus gracilis) is in dire straits due to overfishing for many years without any regulation. Estimates of populations in the Bay of Chiriquí indicate numbers are dismally low and lobsters for sale are hard to find throughout the local province.

Regional Economics: 2017 Outlook

January 12, 2017
Regional Economics: 2017 Outlook Predicting a Trump win, higher oil prices and higher interest rates globally among other things was relatively straightforward in 2015. We were bang on there for our predictions. However, we got Bitcoin wrong and the direction of the stock market, although if you checked our Twitter we still...

Caribbean prepares to pilot insurance facility to protect fisheries sector

January 11, 2017
Caribbean prepares to pilot insurance facility to protect fisheries sector BELIZE CITY, Belize (CRFM) -- The Caribbean Regional Fisheries Mechanism (CRFM) hosted a working group meeting in Belize City from 9 – 10 January 2017, to advance the implementation of a risk insurance facility for fishers in the region. When fisheries ministers from CRFM member states...

Bitt bringing new business to the Caribbean

January 11, 2017
Bitt bringing new business to the Caribbean BRIDGETOWN, Barbados -- Banking issues may be hampering business in the Caribbean at the moment, but that doesn't mean the route to market is completely closed. According to a recent article by Bravenewcoin.com, local company Bitt is creating new trading pathways between Caribbean...

Wyndham Hotel Group announces new US$160 million project in Nevis

January 10, 2017
Wyndham Hotel Group announces new US$160 million project in Nevis CHARLESTOWN, Nevis -- The New Year has ushered in a major new development in Nevis. Nevis has enjoyed its status as an authentic Caribbean island, with boutique hotels, delicious cuisine, and a wealth of natural resources in the form of the spectacular Nevis Peak and the beauty of...

Panama's banking regulator names financial institutions fined for deficiencies

January 9, 2017
Panama's banking regulator names financial institutions fined for deficiencies MIAMI, USA -- The Superintendent of Banking in Panama (SBP) has published a list of local financial institutions that have been subject to civil fines and penalties in 2015 and 2016. Reportedly, there are fines and sanctions imposed quarterly, but this critical information was never made public.

Marketing Strategies Today: Four major Instagram updates that every marketer should know

January 9, 2017
Marketing Strategies Today: Four major Instagram updates that every marketer should know Based on Darwin's Theory of Evolution, it's not the strong that actually survives, it is the species that knows how to adapt. As an Instagram marketer, you should take heed from this lesson. If you are not able to adapt to the new trends, you will risk losing your business. We are going to...

Consultants affirm support for citizenship programmes in the Caribbean

January 7, 2017
Consultants affirm support for citizenship programmes in the Caribbean NEW YORK, USA -- Apex Capital Partners Corp., an advisory firm specializing in investment consulting and wealth management for a multinational audience, has commented on the state of the citizenship by investment (CIP) industry following scrutiny from an internationally broadcast...

Megaresort VAT exemption stirs controversy in Bahamas

January 6, 2017
Megaresort VAT exemption stirs controversy in Bahamas NASSAU, Bahamas -- An email leaked to the press on Wednesday revealed that the Christie administration in The Bahamas has exempted China Construction America (CCA) Bahamas Limited, the lead construction firm on the multibillion dollar Baha Mar megaresort project...

First Cuban exports to US in more than half a century to mark new era of trade

January 6, 2017
First Cuban exports to US in more than half a century to mark new era of trade WASHINGTON, USA -- Reneo Consulting LLC announced on Thursday that its subsidiary company Coabana Trading LLC has finalized an agreement with Cuba Export to import into the United States marabu (sickle bush) charcoal produced in Cuba. This marks the first time in more than...

Fifth edition of the Puerto Rico Investment Summit scheduled for March 2017

January 6, 2017
Fifth edition of the Puerto Rico Investment Summit scheduled for March 2017 SAN JUAN, Puerto Rico -- The Puerto Rico Investment Summit (PRIS), the Caribbean’s premier investor’s conference, will celebrate its fifth edition on March 2 and 3, at the Puerto Rico Convention Center in San Juan. This summit is the most important conference to learn about Puerto Rico’s...

US congressman to reintroduce legislation to ease trade restrictions with Cuba

January 3, 2017
US congressman to reintroduce legislation to ease trade restrictions with Cuba WASHINGTON, USA -- A US congressman from Arkansas will reintroduce legislation to ease trade restrictions with Cuba, and says he's hopeful that barriers to agricultural sales will be addressed early in 2017. However, it's unclear whether President-elect Donald Trump would be willing...

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