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JAMPRO leading regional delegation to China business summit

August 29, 2014
JAMPRO leading regional delegation to China business summit KINGSTON, Jamaica -- Jamaica Promotions Corporation (JAMPRO) will be leading a regional delegation from the Caribbean Association of Investment Promotion Agencies (CAIPA) and local exporters to the eighth annual China-LAC Business Summit taking place from September 5 - 14.

Cayman Islands attractive to Canadian insurance captives

August 28, 2014
Cayman Islands attractive to Canadian insurance captives GEORGE TOWN, Cayman Islands -- The Canadian and Cayman Islands insurance markets are made for each other, says representatives from the Insurance Managers Association of Cayman (IMAC), who have been going regularly to Canada to discuss the advantages of captive structures.

Puerto Rico appeals to young entrepreneurs

August 28, 2014
Puerto Rico appeals to young entrepreneurs SAN JUAN, Puerto Rico -- Alberto Bacó-Bagué, the Secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), on Tuesday spoke to business leaders and start-ups at the National Black and Latino Council’s Black, Brown and Green Sustainability Summit.

OECS e-business and e-commerce workshops continue

August 26, 2014
OECS e-business and e-commerce workshops continue ROSEAU, Dominica -- The Organisation of Eastern Caribbean States (OECS) Export Development Unit will resume its e-business workshops for firms in the region during the week of August 26, 2014. Workshops will be conducted in Montserrat on August 26 and in the British Virgin Islands on August 28.

Trinidad native drives world changing biopolymer firm to global prominence

August 26, 2014
Trinidad native drives world changing biopolymer firm to global prominence BAINBRIDGE, USA -- Trinidad native, Paul Pereira, is guiding Meredian Inc., a biopolymer manufacturer, to global prominence with the world’s most advanced 100 percent biodegradable plastic, as they go before the world in the transition from petroleum based plastics to bioplastics.

Caribbean hotel income steadily improving

August 22, 2014
ATLANTA, USA -- The average Caribbean hotel enjoyed an 18.6 percent increase in net operating income (NOI) during 2013, according to the newly released 2014 edition of Caribbean Trends in the Hotel Industry published by PKF Consulting USA (PKFC).

Value chains a critical part of Caribbean regional agriculture

August 19, 2014
Value chains a critical part of Caribbean regional agriculture PORT OF SPAIN, Trinidad -- Value chains are fast becoming a critical part of the agricultural landscape, as countries seek to develop a competitive sector by linking farmers with end markets. While there are a number of guides for analysing value chains, research for the Technical Centre for...

$3 million boost for USVI small businesses

August 16, 2014
ST THOMAS, USVI -- The VI Economic Development Authority (VIEDA) has approved 24 loan guarantee support applications in the amount of $3 million to help local small businesses through local banks that are participants of the state small business credit initiative.

CARICOM moves to harmonize business rules in CSME

August 15, 2014
GEORGETOWN, Guyana -- The Caribbean Community (CARICOM) has started work towards creating a harmonized framework within which companies and other businesses can be established and operate in the CARICOM Single Market and Economy (CSME).

Caribbean Export awards US$1 million to firms in Jamaica

August 12, 2014
Caribbean Export awards US$1 million to firms in Jamaica BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has announced the award of over US$1million to firms and business support organisations (BSOs) in Jamaica via its flagship programme the direct assistance grant scheme (DAGS) as part of the regional...

Puerto Rican economic development secretary highlights business opportunities for American Latinos

August 8, 2014
Puerto Rican economic development secretary highlights business opportunities for American Latinos SAN ANTONIO, USA -- Alberto Bacó Bagué, the secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), closed a two-day American Latino National Summit on Wednesday by outlining the government’s plan for driving economic growth. The plan focuses on...

Another French bank could run afoul of Cuba embargo

August 6, 2014
Another French bank could run afoul of Cuba embargo HAVANA, Cuba (ACN) -- After imposing a record fine on French bank BNP Paribas, US authorities are now pursuing another French bank for an alleged violation of US sanctions against several countries, including Cuba. An internal audit was concluded at the Credit Agricole bank some weeks ago.

OAS, US Chamber, and Trinidad and Tobago engage on competitiveness forum

August 6, 2014
WASHINGTON, USA -- The assistant secretary general of the Organization of American States (OAS), Albert Ramdin, met with the US Department of Commerce deputy assistant secretary Walter Bastian and the minister of planning of Trinidad and Tobago Bhoendradatt Tewarie...

Montserrat teen wants to prove that anyone can create wealth

August 5, 2014
Montserrat teen wants to prove that anyone can create wealth BRADES, Montserrat -- Montserrat-based 15-year-old award-winning entrepreneur and bestselling author Warren Cassell Jr. has recently announced the formation of his privately held investment holding company, The Abella Group LLC. Cassell, who is in his last year of high school, currently holds...

Commentary: From the ashes of the Commonwealth Business Council, a bankable institution?

August 1, 2014
Commentary: From the ashes of the Commonwealth Business Council, a bankable institution? Amid the success of the Glasgow 2014 Commonwealth Games in Scotland, there has been a troubling development for the Commonwealth. The Commonwealth Business Council (CBC) went into liquidation. CBC was mandated by a Commonwealth Heads of Government Meeting (CHOGM) in...

Exhibitors sought for USVI small business expo

July 31, 2014
CHARLOTTE AMALIE, USVI -- The VI Economic Development Authority's (VIEDA) State Trade and Export Promotion (STEP) program is seeking exhibitors in the industries of food, gift and arts, beauty and wellness, music, jewelry, fashion, building and industrial materials.

Latin Auto Parts Expo serves as business hub in Panama for emerging markets

July 31, 2014
PANAMA CITY, Panama -- When the Panama Canal was constructed roughly 100 years ago, it paved the way for the Latin American country to become a commercial hub by connecting the Pacific and Atlantic Oceans. This year’s Latin Auto Parts Expo served a similar function.

Montserrat's natural assets can help build film industry, says Oscar-nominated filmmaker

July 30, 2014
Montserrat's natural assets can help build film industry, says Oscar-nominated filmmaker BRADES, Montserrat -- Award-winning filmmaker Behn Zeitlin says Montserrat can capitalize on its natural assets to build a film industry. Zeiltin, the Oscar-nominated director of Beast of the Southern Wild, has been visiting the island since September 2013 in preparation for his next feature film.

Colombia launches first-ever information technology campaign

July 25, 2014
NEW YORK, USA -- Proexport Colombia on Wednesday announced the launch of “Colombia Bring IT On,” a major campaign initiative aimed at promoting the growth of the country’s technology sector in the international market and raising awareness of Colombia’s competitive advantages.

US Embassy Bridgetown supports trade facilitation programme launch

July 22, 2014
US Embassy Bridgetown supports trade facilitation programme launch BRIDGETOWN, Barbados -- The US Embassy in Bridgetown is supporting the American Chamber of Commerce for Barbados and the Eastern Caribbean (AmCham BEC) in the launch of its trade facilitation program (TFP), in conjunction with the Inter-American Development Bank and the...

Caribbean businesses, governments and people could be losing millions to cyber criminals

July 22, 2014
WARRENS, Barbados -- The Caribbean cyber security center (CCSC) continues to urge the Caribbean region to take the growing threat from cyber criminals and hackers seriously. CCSC estimates that on a frequent basis Caribbean businesses, organizations, governments and...

GraceKennedy acquires US$80 million revenue food business in US

July 19, 2014
KINGSTON, Jamaica -- In continuation of its strategy of transforming from a Jamaican trading company to a global consumer group, and to grow exports significantly, GraceKennedy through its wholly owned subsidiary GraceKennedy Foods (USA) LLC has entered into an agreement...

FedEx indicted for role in distributing controlled substances and prescription drugs

July 19, 2014
SAN FRANCISCO, USA -- A federal grand jury in San Francisco indicted FedEx Corporation on Friday, with conspiracies to traffic in controlled substances and misbranded prescription drugs for its role in distributing controlled substances and prescription drugs for illegal Internet pharmacies.

Chinese entrepreneurs interested in doing business with Cuba

July 17, 2014
HAVANA, Cuba (ACN) -- A business mission of China will visit Cuba over the next few days in order to identify business and investment opportunities and, with it, consolidate bilateral economic relations. On the occasion of the visit, on July 21, two meetings will be organized.

Caribbean Export awards 2.9 million euros to firms in CARIFORUM

July 16, 2014
BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has announced the award of BB$8,081,874.06 (€2,992,287) to firms and business support organisations (BSOs) across the region via its flagship programme, the direct assistance grant scheme.

Jamaican SMEs benefit from export initiative

July 11, 2014
KINGSTON, Jamaica -- Over 300 small and medium enterprises (SMEs) in the export sector in Jamaica have benefitted from targeted technical assistance training to improve competitiveness and greater access to international markets under the FINPYME ExportPlus Jamaica programme.

Airlines not the only ones affected by Venezuela currency controls

July 10, 2014
Airlines not the only ones affected by Venezuela currency controls CARACAS, Venezuela -- Venezuela’s arcane system of multiple exchange rates and currency controls is making life difficult not just for airlines but also for other multinational companies doing business in the South American country. Armoured car company Brink’s could see some $400 million...

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