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Regional insurance giant to relocate from Barbados following credit downgrade

January 30, 2015
Regional insurance giant to relocate from Barbados following credit downgrade BRIDGETOWN, Barbados -- Regional insurance giant Sagicor Financial Corporation is preparing to relocate its registered offices from Barbados following Standard and Poor’s recent downgrade of Barbados’ sovereign credit rating. In a statement published on Tuesday, Sagicor president...

Major US airlines and credit card companies ready to operate in Cuba

January 30, 2015
Major US airlines and credit card companies ready to operate in Cuba HAVANA, Cuba (ACN) -- US companies such as American Airlines and American Express have expressed their expectations about operating in Cuba following the reestablishment of relations between Washington and Havana. American Airlines president Scott Kirby said on Tuesday that...

Telecoms merger has potential to prejudice trade, says CARICOM Competition Commission

January 30, 2015
Telecoms merger has potential to prejudice trade, says CARICOM Competition Commission PARAMARIBO, Suriname -- The Caribbean Community (CARICOM) Competition Commission has concluded that the agreement by Cable and Wireless Communications Plc (CWC) to acquire Columbus International Inc. (Columbus) has the potential to prejudice trade and prevent, restrict or...

Caribbean Export launches Caribbean Exporter of the Year Awards

January 29, 2015
Caribbean Export launches Caribbean Exporter of the Year Awards BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has announced its inaugural awards programme, the Caribbean Exporter of the Year Awards, in recognition of the contribution made by the region’s exporters to the regional economy.

Groundbreaking initiative to change youth for good

January 29, 2015
Groundbreaking initiative to change youth for good BRIDGETOWN, Barbados -- Dozens of students from over 12 secondary schools across Barbados gathered last Friday for the launch of a new initiative to empower youth and develop leadership skills in youth.  Axcel Finance, the leading regional microfinance company, announced the launch of...

Vietnamese company to invest in special development zone in Cuba

January 28, 2015
Vietnamese company to invest in special development zone in Cuba HAVANA, Cuba (ACN) – Vietnam’s Thai Binh Investment Trading Corp expects to build plants to produce detergent and disposable diapers at the special development zone located at the Port of Mariel, in western Cuba. Thai Binh’s representative in Cuba, Tran Thien Minh, told the PL news agency...

Canadian trade delegation developing business linkages with Barbados and the region

January 27, 2015
Canadian trade delegation developing business linkages with Barbados and the region BRIDGETOWN, Barbados -- Business and institutional representatives from Canada’s Prince Edward Island (PEI) are visiting Barbados and other Caribbean islands in the coming days to develop partnerships with local entrepreneurs, clients and associates. The trade mission, organized with...

Jamaican exporters participate in national export strategy workshop

January 26, 2015
Jamaican exporters participate in national export strategy workshop KINGSTON, Jamaica -- Jamaica Promotions Corporation (JAMPRO), in partnership with Jamaica Exporters’ Association (JEA), and Trade Board Limited, with the support of the Commonwealth Secretariat, and consultants Tourism Intelligence International, hosted a national export strategy (NES)...

Commentary: The oil is falling, the oil is falling! (with audio)

January 22, 2015
Commentary: The oil is falling, the oil is falling! (with audio) Oil prices are dropping dramatically. Something that consumers have been waiting on: lower prices at the pump in addition to lower energy costs. But, the recent drop in oil prices has been met with fears and concerns by financial and economic pundits, crying that the end is near and the world...

Trinidad and Tobago companies identified for export thrust

January 21, 2015
Trinidad and Tobago companies identified for export thrust PORT OF SPAIN, Trinidad -- Seven companies from Trinidad and Tobago have been already identified as potential partners in the Global Business Innovation Corporation's (GBIC) drive to move Caribbean products from regional distribution to supermarket shelves in North America.

Let's Talk Business: From transactional to transformational - this is the new HR

January 21, 2015
Let's Talk Business: From transactional to transformational - this is the new HR Staying ahead of the global market’s evolutionary curve must be a major priority for human resources leaders now more than ever. Now is the time to truly move away from those old HR practices viewed as a “back of house” transactional role to a more transformational leadership role.

Jamaica government prepared to facilitate investor interest in Cuba

January 19, 2015
Jamaica government prepared to facilitate investor interest in Cuba KINGSTON, Jamaica (JIS) -- State minister for foreign affairs and foreign trade, Arnaldo Brown, says the Jamaican government is prepared to assist, in whatever way possible, in facilitating local investors interested in exploring and tapping into business opportunities anticipated to materialize in Cuba.

US agriculture coalition calls for lifting of Cuba embargo

January 17, 2015
US agriculture coalition calls for lifting of Cuba embargo WASHINGTON, USA (ACN) -- The US Agriculture Coalition for Cuba (USACC), founded a year ago and comprising 25 agricultural organizations, recently held a press conference in Washington DC to explain the importance of lifting the US embargo of Cuba and reestablishing bilateral trade relations.

Suriname central bank presents to Indian investors

January 17, 2015
Suriname central bank presents to Indian investors NEW DELHI, India -- The Central Bank of Suriname presented a session on opportunities in Suriname on the backdrop of the visit of a delegation from the ministry of foreign affairs to India, which was hosted by the Hon. Consul of Suriname, Asif Iqbal, in New Delhi. The presentation was made by William Orie.

Jamaican companies gear up for trade mission to Turks and Caicos

January 17, 2015
Jamaican companies gear up for trade mission to Turks and Caicos KINGSTON, Jamaica -- The Jamaica Exporters’ Association (JEA), in partnership with the Jamaica Manufacturers Association (JMA), will be leading a delegation of local companies to participate in a trade mission to the Turks and Caicos Islands (TCI) from January 19 – 21, 2015.

Canadians will be able to invest in Jamaican stock market come April 1

January 15, 2015
Canadians will be able to invest in Jamaican stock market come April 1 KINGSTON, Jamaica (JIS) -- Beginning April 1, Jamaicans residing in Canada will be able to participate in trading and other related activities, on the local stock exchange. This, as the Jamaica Stock Exchange (JSE) is set to receive authorization (designation) from the Canadian administration.

Jamaica agrees to international property measurement standards

January 15, 2015
Jamaica agrees to international property measurement standards WASHINGTON, USA -- As a result of high-level talks between the Royal Institution of Chartered Surveyors (RICS) and the National Land Agency of Jamaica, the NLA has agreed to two important RICS standards initiatives: the international property measurement standard (IPMS) and valuer registration.

Let's Talk Business: How would you rate your employer's level of leadership transparency?

January 14, 2015
Let's Talk Business: How would you rate your employer's level of leadership transparency? More often than not in my work as a management consultant, I hear employees share with me that they are often the last to know about critical information regarding what’s happening within their organizations. In some cases, they find out about significant organizational changes in the media.

CLICO has US$2.68 billion in cash to pay claims, says policyholders' lawyer

January 13, 2015
CLICO has US$2.68 billion in cash to pay claims, says policyholders' lawyer PORT OF SPAIN, Trinidad -- CLICO policyholders’ legal adviser Ramesh Lawrence Maharaj said CLICO has $17 billion (US$2.68 billion) in cash and it should use the sum to pay the 350 policyholders their $500 million claim. He also said the matter is expected to be heard before the Privy Council...

New partnership to propel Caribbean food and beverage sector

January 9, 2015
New partnership to propel Caribbean food and beverage sector PORT OF SPAIN, Trinidad -- Renewed hope for the region's agricultural sector is on the horizon with the imminent announcement of a global initiative to transform the Caribbean's food and beverage industry. The US-based Global Business Innovation Corporation (GBIC), comprising business partners...

Let's Talk Business: The global economic outlook for 2015 brings with it some bittersweet news

January 8, 2015
Let's Talk Business: The global economic outlook for 2015 brings with it some bittersweet news The United Nations Department of Economic and Social Affairs has forecast a marginal increase in global economic growth over the next two years. This increase, according to their World Economic Situation and Prospects 2015 report launched in December, will be attributed to several major factors.

Puerto Rico to host 2015 investment summit next month

January 7, 2015
Puerto Rico to host 2015 investment summit next month GUAYNABO, Puerto Rico -- Puerto Rico is getting ready for the 2015 Puerto Rico Investment Summit, the second of the series, to be held on February 26 and 27, 2015. After a successful summit held in April 2014 in collaboration with the Department of Economic Development and Commerce.

Caribbean growth expected to pick up slightly in 2015

January 6, 2015
Caribbean growth expected to pick up slightly in 2015 WASHINGTON, USA -- Latin America and the Caribbean's economic growth might recover modestly to 2.2 percent in 2015, up from 1.3 percent in 2014, its lowest rate since last decade's global financial crisis. Despite the slowdown, the region has managed to maintain its gains against poverty.

Let's Talk Business: Taking responsibility as a company, when things go horribly wrong

January 3, 2015
Let's Talk Business: Taking responsibility as a company, when things go horribly wrong Companies make mistakes all the time, but how they accept responsibility for those mistakes is where the water often gets a little murky. Case in point, the Deepwater Horizon Oil Spill commonly known as the BP Oil Spill, which occurred in April 2010, resulted in over 200 million gallons of crude oil...

Bahamas bank under scrutiny after bailout

December 26, 2014
Bahamas bank under scrutiny after bailout NASSAU, Bahamas -- The focus of Bank of The Bahamas (BOB) executives is on succession planning and, while opposition leader Dr Hubert Minnis is questioning why the bank’s management team hasn’t been fired, it is clear that the current scrutiny of the bank’s leadership is expected to...

Barbados regulator to review regional telecoms merger

December 26, 2014
Barbados regulator to review regional telecoms merger BRIDGETOWN, Barbados -- The Fair Trading Commission (FTC) in Barbados is to review the proposed merger of Cable & Wireless Communications Plc and Columbus International Inc. The FTC recently received an application from the telecommunication companies seeking permission to merge.

Commentary: Nigeria and Russia experience currency nosedives

December 26, 2014
Commentary: Nigeria and Russia experience currency nosedives We got oil! Now we are rich... and... shhhh... we won't have to work hard ever again... Isn't that how it goes? Venezuelans KNOW that they are rich -- they have those immense oil reserves -- but... they're a bit puzzled, there are often basic food shortages in the shops and somehow... just somehow...

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