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People and partnership needed to keep Caribbean competitive, says CHTA head

March 29, 2017
People and partnership needed to keep Caribbean competitive, says CHTA head ST THOMAS, USVI -- The head of the Caribbean Hotel and Tourism Association (CHTA) has called on the region to work together to ensure the Caribbean remains one of the world's leading destinations. Delivering the keynote at the annual general meeting of the US Virgin Islands...

Stakeholders discuss way forward for regional sugar industry

March 28, 2017
Stakeholders discuss way forward for regional sugar industry KINGSTON, Jamaica -- The ability of sugar industry in the region to survive after the removal of production quotas in the European Union (EU) on 30 September, 2017, will depend on improved competitiveness and pragmatic diversification options, according to a Caribbean Community (CARICOM)...

Cuba's special development zone attracts first Portuguese investment

March 27, 2017
Cuba's special development zone attracts first Portuguese investment HAVANA, Cuba (ACN) -- A 5.6 million Euro construction and engineering project will be the first Portuguese investment action at the special development zone in the western Cuban harbour of Mariel. The project, with 100 percent Portuguese capital by the company called Engimov Caribe SA...

Hydroponic solar greenhouses promote food security in the Caribbean

March 27, 2017
Hydroponic solar greenhouses promote food security in the Caribbean WESTPORT, USA -- Connecticut-based Alquimi Renewables has formalized an exclusive long term licensing agreement with engineering firm Megalo Solutions Inc., of Phoenix, Arizona, to supply and construct off-grid hydroponic solar greenhouses, which will promote food security throughout...

Marketing Strategies Today: How to reach more eyeballs with Facebook

March 27, 2017
Marketing Strategies Today: How to reach more eyeballs with Facebook When looking at a Facebook Page Insight, the statistics such as Page Likes, engagement and post reach might draw your attention. As a result, you will end up forgetting about your primary goal, which should be turning people into customers. Facebook is a better way of reaching more target...

Grenada government called on to repurchase Grenlec shares

March 25, 2017
Grenada government called on to repurchase Grenlec shares ST GEORGE’S, Grenada -- Grenada Private Power Limited (GPP), a 50 percent shareholder of Grenada Electricity Services Ltd (Grenlec), has submitted a formal demand to the government of Grenada to repurchase GPP’s shares in Grenlec. This demand was issued in accordance with the...

EU signs new agreement to support Caribbean private sector

March 25, 2017
EU signs new agreement to support Caribbean private sector BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) and the European Union (EU) have signed the 11th European Development Fund (EDF) agreement worth EUR 24 million to support regional private sector development. At the 11th EDF launch...

Investors lose millions in failed Turks and Caicos development

March 22, 2017
Investors lose millions in failed Turks and Caicos development PROVIDENCIALES, TCI -- More than 500 investors have reportedly been swindled out at least $70 million in a development in the Turks and Caicos Islands (TCI), with the majority of investors being from the US and UK.  The Caicos Beach Resort and Marina on South Caicos was to be...

Commentary: These Haitian venture capitalists will make you believe in the country's future

March 22, 2017
Commentary: These Haitian venture capitalists will make you believe in the country's future Did you ever think you would read about Haiti having a venture capital firm in your lifetime? Probably not! I know. I didn’t, either, until I connected with the firm directly. Haiti does indeed have a venture capital firm, and it’s being led by Haitians to help build Haiti’s entrepreneurial ecosystem.

CDB announces US$40 million in funding for poverty reduction in eight Caribbean countries

March 21, 2017
CDB announces US$40 million in funding for poverty reduction in eight Caribbean countries BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) has announced US$40 million in funding for poverty reduction in eight countries in the Caribbean region, through the Basic Needs Trust Fund (BNTF). The resources will support improved access to quality education; water...

CDB funds project to prevent loss of correspondent banking relationships

March 20, 2017
CDB funds project to prevent loss of correspondent banking relationships BRIDGETOWN, Barbados -- The board of directors of the Caribbean Development Bank (CDB) has approved funding of US$250,000 to strengthen financial transparency, and assist in preventing the loss of correspondent banking relationships (CBRs) in the region. In the Caribbean...

Marketing Strategies Today: Eight social media marketing trends for 2017

March 20, 2017
Marketing Strategies Today: Eight social media marketing trends for 2017 When it comes to the way that the market is performing, there are some things that you want to watch for. When it comes to social media, it is something that is constantly changing and it is important to see how all of the platforms will continue to change and reflect the tide of many of the largest...

Commentary: Local proposals to solve Caribbean correspondent banking problem ignore the pivotal issue

March 20, 2017
Commentary: Local proposals to solve Caribbean correspondent banking problem ignore the pivotal issue Several Caribbean commentators have weighed in on a possible fix to the urgent Caribbean correspondent banking situation. I present their theories here in an effort to compare and contrast them to the only effective solution I can recommend, which is total KYCC. These concepts have been...

Commonwealth trade a non-starter for Britain and the Caribbean

March 18, 2017
Commonwealth trade a non-starter for Britain and the Caribbean LONDON, England -- What was described as an “historic meeting” of Commonwealth trade and investment ministers in London recently, in an attempt to make use of the “Commonwealth advantage” to boost trade within the 52-member bloc, is more likely to prove to be an...

A Panamanian idea that changed classified advertising in Central America

March 17, 2017
A Panamanian idea that changed classified advertising in Central America PANAMA CITY, Panama -- Encuentra24 is Panama sharing pleasant experiences worldwide. It's a story about vision, growth, perseverance and love for dreams achieved with a clear business focus and a commitment in the countries where it operates. This story goes back to 2005, when finding...

Commentary: The Caribbean correspondent banking crisis: it is not about profitability

March 16, 2017
Commentary: The Caribbean correspondent banking crisis: it is not about profitability Some of the commentary surrounding the origins of the present situation regarding the large number of correspondent banking relationships terminated by American financial institutions has centered upon the large number of Caribbean banks that have reportedly lost their US correspondents.

Commentary: Forty things Haitian customers wish they could tell business owners

March 15, 2017
Commentary: Forty things Haitian customers wish they could tell business owners You’ve heard the dissatisfaction time and time again. I mean, you have probably experienced it yourself. You go to the Haitian bakery to pick up your patties. It’s supposed to be an easy and pleasant experience, but you tend to walk away from the business with a negative experience.

Cuba extends preferential tariffs to CARICOM member states

March 14, 2017
Cuba extends preferential tariffs to CARICOM member states HAVANA, Cuba (ACN) – Cuba’s foreign trade and investment minister Rodrigo Malmierca has given Collin Granderson, assistant to the secretary general of the Caribbean Community (CARICOM), an agreement that extends the number of products with preferential tariffs. In an exclusive interview...

Surinam Airways chooses Embraer for fleet renewal

March 13, 2017
Surinam Airways chooses Embraer for fleet renewal PARAMARIBO, Suriname -- CEO of Surinam Airways (SLM), Robbi Lachmising, told Luchtvaartnieuws this week that a decision on SLM’s fleet renewal is almost finalized and the Embraer-E series is the top choice to replace its three aged Boeing 737-300s. On the mid-Atlantic route...

Marketing Strategies Today: Top ten ways you can grow your business using webinars

March 13, 2017
Marketing Strategies Today: Top ten ways you can grow your business using webinars Webinars are live online events that use video conferencing software applications to do presentations, demonstrations, discussions, lectures, workshops, or instructional sessions. They help in marketing, idea generation, networking and attracting potential customers; hence considered as...

Dozens of Chinese-owned supermarkets leaving recession-hit Suriname for Guyana

March 11, 2017
Dozens of Chinese-owned supermarkets leaving recession-hit Suriname for Guyana GEORGETOWN, Guyana -- Over the past six months alone, more than 50 Chinese-owned supermarkets have been established throughout Guyana, with at least another 40 or so expected to become operational by August 2017. With a combined average initial contribution of almost half a billion...

French company purchases historic West Indies Rum Distillery in Barbados

March 11, 2017
French company purchases historic West Indies Rum Distillery in Barbados ARS, France -- Maison Ferrand, the award winning cognac, gin and rum producer in the heart of Cognac, France, has acquired the historic West Indies Rum Distillery in Barbados, which has produced rum continually since the 19th century. Maison Ferrand is the owner of the Plantation rum brand.

More Barbadians achieve wines and spirits certifications

March 7, 2017
More Barbadians achieve wines and spirits certifications BRIDGETOWN, Barbados -- For the last 15 years, there have been only three individuals certified Wine and Spirit Education Trust (WSET) Level 3 in Barbados. Stansfeld Scott and Wine World recently increased those numbers nationally, with five team members achieving Level 3...

More misleading statements from Grenada minister

March 6, 2017
More misleading statements from Grenada minister ST GEORGE'S, Grenada -- At a recent post-cabinet press briefing, Grenada's minister for health Nickolas Steele has yet again made a number of misleading statements related to The Grenadian by Rex Resorts and its 99-year lease with the government, which the government is seeking to...

Dominica CBI program creates new community for homeless residents after storm Erika

March 6, 2017
Dominica CBI program creates new community for homeless residents after storm Erika BELLEVUE CHOPIN, Dominica -- A major new development is underway to resettle the hundreds of residents who lost their homes after tropical storm Erika wreaked devastation across the island just 18 months ago. The Petite Savanne Resettlement program, which was established with...

Marketing Strategies Today: Video blogging tips

March 6, 2017
Marketing Strategies Today: Video blogging tips Want to watch profits rolling into your business? Then go for online video blogging! It is deemed to be the future in Internet marketing. Yes, blogging stormed into the world of Internet the long time ago; the same with sharing sites such as YouTube. But then not too many people find themselves...

Barbados dollar in no danger of devaluation, says finance minister

March 2, 2017
Barbados dollar in no danger of devaluation, says finance minister BRIDGETOWN, Barbados (BGIS) -- The Barbados dollar is not in any “danger of a devaluation” vis-à-vis its standing against the US dollar, asserted minister of finance, Christopher Sinckler, on Monday, as he addressed a press conference to discuss the Barbados economy.

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