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Canadian banks agree to release information on Cayman Islands accounts

July 30, 2016
Canadian banks agree to release information on Cayman Islands accounts OTTAWA, Canada -- The Federal Court of Canada has approved federal requests for seven years' worth of transaction information from the Royal Bank of Canada and Citibank, NA, related to correspondent accounts in the name of Cayman National Bank Ltd in the Cayman Islands.

Chinese company buys Jamaican alumina refinery

July 30, 2016
Chinese company buys Jamaican alumina refinery KINGSTON, Jamaica (JIS) -- The ALPART alumina refinery in Jamaica has been sold to Chinese entity Jiuquan Iron and Steel Company (JISCo). Transport and mining minister, Mike Henry, said an interest purchase agreement negotiated between JISCo and Russian alumina firm, UC Rusal...

Jamaica business leaders take part in CARICOM review

July 28, 2016
Jamaica business leaders take part in CARICOM review KINGSTON, Jamaica (JIS) -- Minister of foreign affairs and foreign trade, Senator Kamina Johnson Smith, has commended Jamaican business leaders for participating in the Caribbean Community (CARICOM) Review Commission. Johnson Smith also praised the leaders for their demonstrated interest...

Caribbean growth rate to contract this year, says new ECLAC report

July 28, 2016
Caribbean growth rate to contract this year, says new ECLAC report SANTIAGO, Chile -- Latin American and Caribbean countries will show a -0.8% contraction in their growth rate in 2016, marking a steeper decline than in 2015 (-0.5%) and with very heterogeneous behaviour among countries and subregions, according to a new report released on Wednesday...

Antigua-Barbuda to revive online gaming dispute negotiations with US

July 27, 2016
Antigua-Barbuda to revive online gaming dispute negotiations with US ST JOHN’S, Antigua -- In a national broadcast on Monday night, the prime minister of Antigua and Barbuda, Gaston Browne, announced that negotiations will be recommenced as soon as possible with relevant US agencies in an attempt to resolve the dispute with the United States...

Let's Talk Business: When companies care about their employees' mental health

July 27, 2016
Let's Talk Business: When companies care about their employees' mental health The modern day worker is at it so many hours a day that it becomes utterly difficult to separate their personal affairs from their job. Company employees make great personal friends and before long it is impossible to prevent personal issues from affecting the work environment.

Commentary: SEC review reflects serious concerns regarding bond credit ratings

July 26, 2016
Commentary: SEC review reflects serious concerns regarding bond credit ratings According to the websites run by Fitch, Moody’s and S&P, the definition of a BBB+ rated bond is the following: “An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a...

Marketing Strategies Today: How to use predictive analytics with big data to profit

July 25, 2016
Marketing Strategies Today: How to use predictive analytics with big data to profit Data management is highly prioritized in many businesses. Predictive analytics has been a practice used by many businesses to help them determine the future. With predictive analytics, information is extracted from an existing set of data to determine the future trends and outcomes.

Bondholders charge Puerto Rico government with violations of PROMESA

July 22, 2016
Bondholders charge Puerto Rico government with violations of PROMESA WASHINGTON, USA -- On Wednesday, certain holders of Puerto Rico's general obligation (GO) bonds filed suit in the US District Court for the District of Puerto Rico seeking to stop Puerto Rico's violations of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA).

Cuba's first e-commerce website under development

July 22, 2016
Cuba's first e-commerce website under development MIAMI, USA -- Fuego Enterprises, Inc., a diversified holdings company focused on business opportunities in Cuba and the United States, is positioning itself to enter what many predict will be the biggest market in the Caribbean: online classified ads and e-commerce in Cuba.

Jamaica company signs MOU in relation to medical marijuana business opportunities

July 20, 2016
Jamaica company signs MOU in relation to medical marijuana business opportunities KINGSTON, Jamaica -- Timeless Herbal Care Jamaica Ltd has signed a memorandum of understanding (MOU) with the National Black Chamber of Commerce (NBCC) in Washington DC for the purpose of providing “a cooperative framework for Timeless to serve as the NBCC’s exclusive...

Range Developments to undertake approved citizenship investment project in St Lucia

July 19, 2016
Range Developments to undertake approved citizenship investment project in St Lucia CASTRIES, St Lucia -- Range Developments, an international developer specialising in luxury hotel projects in the Caribbean, recently signed an agreement with the government of Saint Lucia to be the master developer of the third real estate project development to be announced under...

Marketing Strategies Today: Incredible Marketing: Pokemon Go for business explosion

July 18, 2016
Marketing Strategies Today: Incredible Marketing: Pokemon Go for business explosion The Pokemon Go App is no more than just a week old and, since its official release last July 5, there has been around 7.5 million of users that have downloaded this game. In fact, this app has double the number of daily active users Snapchat has. With its astonishing popularity, Pokémon...

Venezuela oil production hits 13-year low

July 16, 2016
Venezuela oil production hits 13-year low CARACAS, Venezuela -- Venezuela’s oil production fell to a 13-year low last month, declining by 170,000 barrels per day (bpd) since the start of 2016 to 2.18 million barrels per day (mb/d) in June, according to the latest oil market report by the International Energy Agency (IEA).

Antigua-Barbuda freezes assets of offshore bank implicated in massive corruption scheme

July 16, 2016
Antigua-Barbuda freezes assets of offshore bank implicated in massive corruption scheme ST JOHN’S, Antigua -- The Office of National Drug and Money Laundering Control Policy (ONDCP) and the Financial Services Regulatory Commission (FSRC) in Antigua and Barbuda have frozen the accounts of a Brazilian-owned offshore bank that has been in operation since 2006.

Guyana telecoms company allegedly obstructs service for emerging newspaper

July 15, 2016
Guyana telecoms company allegedly obstructs service for emerging newspaper GEORGETOWN, Guyana -- Guyana-born international journalist and multi-faceted businessman Dennis Adonis has accused the Guyana Telephone and Telegraph Company (GTT) of being a “communications tyrant” and a frequent albatross around the neck of Guyana’s economic progress.

Visitors spending more in Barbados

July 15, 2016
Visitors spending more in Barbados BRIDGETOWN, Barbados -- Long stay visitors to Barbados spent 20 percent more money during the first quarter of 2016 than during the same period in 2015. These are the findings of the quarterly survey conducted by the Caribbean Tourism Organization (CTO) on behalf of the destination.

Guyana's latest oil discovery may boost local aviation sector

July 12, 2016
Guyana's latest oil discovery may boost local aviation sector GEORGETOWN, Guyana -- Guyana is set to grow tremendously in the coming year after a second offshore well confirmed a mega discovery of oil and gas, and the aviation sector, which has been neglected for decades, is now getting a lot of attention from the government.

Let's Talk Business: Technology's role in human resource

July 12, 2016
Let's Talk Business: Technology's role in human resource Advancements in information technology and the widespread use of the different social media platforms have completely redefined business practices across all industries and dramatically impacted human resources practices across the board. Human resource management is not...

First Commonwealth crowd-funding initiative targeting Caribbean women entrepreneurs announced

July 11, 2016
First Commonwealth crowd-funding initiative targeting Caribbean women entrepreneurs announced GEORGETOWN, Guyana -- Women entrepreneurs across the Caribbean will now have a new way to raise much needed capital for their ventures. FundRiseHER™, the first ever Commonwealth-wide crowd-funding initiative was announced on July 5 alongside the CARICOM heads of...

Marketing Strategies Today: Thirteen visual tools to blow up your Pinterest marketing

July 11, 2016
Marketing Strategies Today: Thirteen visual tools to blow up your Pinterest marketing If you're using Pinterest on a daily basis, you've probably wondered if you could somehow boost your own marketing too. Well, actually, there are lots of techniques that helped other people increase traffic, attract a greater amount of clients, increase sales, etc. So, if you need advice on how...

New director plans to turnaround Surinam Airways; government wants joint venture or merger

July 9, 2016
New director plans to turnaround Surinam Airways; government wants joint venture or merger PARAMARIBO, Suriname -- Surinam Airways (SLM) will again make a profit, according to its new director Robbi Lachmising, who brought SLM out of the red from 2000 to 2004. This period is seen as one of the best financial times in the airline’s history. In the past decade since Lachmising...

UK may join its Caribbean territories as tax havens after Brexit

July 8, 2016
UK may join its Caribbean territories as tax havens after Brexit LONDON, England -- Once free of European Union strictures following its exit from the EU, European finance ministers and financial experts have expressed concern that Brexit could prompt a “race to the bottom” on tax policy, with the UK joining its Caribbean territories as a tax haven.

CDB launches historic bond offering in Swiss franc market

July 5, 2016
CDB launches historic bond offering in Swiss franc market BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) has launched its inaugural bond offering in the Swiss franc (CHF) market. The 12-year CHF145 million bond offering carries the lowest coupon rate, 0.297%, achieved by an international public sector issuer for this...

Kingston container terminal divested by Jamaica government to French company

July 4, 2016
Kingston container terminal divested by Jamaica government to French company KINGSTON, Jamaica -- Prime Minister Andrew Holness announced on Friday that the government of Jamaica has divested the Kingston Container Terminal (KCT) to Kingston Freeport Terminal Limited (KFTL), a local company formed as a subsidiary of global terminal operators CMA CGM.

Marketing Strategies Today: Pay attention to Quora to brand yourself

July 4, 2016
Marketing Strategies Today: Pay attention to Quora to brand yourself Have you ever thought about using Quora for marketing purposes? If not, then you are missing out on a wonderful opportunity, although as with any form of marketing it is how you use it to your advantage that is going to be key. You see, one extremely effective form of marketing via the Internet...

Progress reported in Bahamas megaresort talks

July 1, 2016
Progress reported in Bahamas megaresort talks NASSAU, Bahamas -- The receivers of the bankrupt multibillion dollar Bahamas megaresort Baha Mar are expected to make an announcement “very shortly” on a new buyer and when construction will resume on the project that came to a halt when its developer Sarkis Izmirlian filed for Chapter...

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