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Bahamas minister warns of zika impact on regional tourism

August 30, 2016
NASSAU, Bahamas -- Bahamas minister of tourism Obie Wilchcombe said the increasing number of warnings on the zika virus coming from the Caribbean region could create a negative perception of Caribbean countries, if the number of people infected with...

Concern over Brexit in vulnerable Commonwealth states

August 30, 2016
Concern over Brexit in vulnerable Commonwealth states LONDON, England -- Key industries in some Commonwealth nations could take massive hits if appropriate steps aren’t taken following the UK’s departure from the EU. The forecast over so-called Brexit comes from policy experts’ analysis in two new research papers published by the...

World Bank report erroneous, says Barbados minister

August 29, 2016
BRIDGETOWN, Barbados (BGIS) -- International business minister, Donville Inniss, has taken the World Bank to task over its recent report on Doing Business in Barbados. Addressing the annual International Business Workshop hosted by the Institute of...

Marketing Strategies Today: The best tools for creating viral content

August 29, 2016
Marketing Strategies Today: The best tools for creating viral content It used to be a tall order to create viral content. But gone are the days when only a selected few could wow readers with their content. Thanks to social media tools anyone can create killer content that would do millions of rounds the world over.  It all begins with knowing the kind of content...

Citizenship grants not a part of resort deal, says Bahamas government

August 27, 2016
Citizenship grants not a part of resort deal, says Bahamas government NASSAU, Bahamas -- With speculation mounting over specifics of the agreement the Christie administration reached with the Export-Import Bank of China on Monday, the Bahamas government on Thursday denied that it has offered any citizenship grants in relation to the deal.

Caribbean bankers welcome IMF comments on correspondent banking issue

August 27, 2016
Caribbean bankers welcome IMF comments on correspondent banking issue CASTRIES, St Lucia -- The Caribbean Association of Banks Inc. (CAB) said it strongly supports the recent remarks and proposed approach of IMF managing director Christine Lagarde regarding the de-risking/correspondent banking issue. As she stated, “It is a collective action problem...

CDB launches public-private partnership helpdesk

August 26, 2016
CDB launches public-private partnership helpdesk BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) has launched a public-private partnership (PPP) helpdesk, which will provide technical assistance to regional governments seeking to develop PPP projects in their countries. The helpdesk will assist governments to...

OECS holds national workshops on principles of good manufacturing practices

August 26, 2016
OECS holds national workshops on principles of good manufacturing practices CASTRIES, St Lucia -- Last Thursday marked the fourth in a series of national two-day workshops on the principles of good manufacturing practices for OECS micro small and medium enterprises (MSMEs) organized by the Competitive Business Unit (CBU) of the Organisation of...

Prototype robot to cull invasive lionfish tested off Bermuda

August 26, 2016
Prototype robot to cull invasive lionfish tested off Bermuda LONDON, England -- A US non-profit company has designed an innovative method of controlling the spread of lionfish threatening to devastate fish stocks and coral reef ecosystems in warmer ocean waters. Robots In Service of the Environment (RISE) joined deep ocean research charity, Nekton...

Multinational companies developing successfully under free trade zone regime in Costa Rica

August 25, 2016
Multinational companies developing successfully under free trade zone regime in Costa Rica SAN JOSE, Costa Rica -- More than 82,000 direct jobs and 43,000 indirect jobs, generating a return of $3.179 billion on incentives received (net country benefit), are some of the benefits that the free trade zone regime in Costa Rica has contributed in 2015. Added to these are a major...

AT&T signs deal for Cuba roaming and direct interconnection

August 24, 2016
AT&T signs deal for Cuba roaming and direct interconnection DALLAS, USA -- AT&T has reached agreements for Cuba roaming and direct interconnection with Empresa De Telecomunicaciones De Cuba (ETECSA). The deal continues to enhance AT&T's global coverage for customers – the best of any US wireless provider. "Cuba is a growing...

Cuba and Iran to strengthen economic ties

August 24, 2016
Cuba and Iran to strengthen economic ties HAVANA, Cuba (ACN) -- The desire to expand and strengthen economic relations between Cuba and Iran was expressed on Monday in the first bi-national business forum held in Havana. The meeting was presided over by Rodrigo Malmierca, Cuban minister of foreign trade and investment...

Business: Is now the time for your Caribbean company to expand?

August 24, 2016
Business: Is now the time for your Caribbean company to expand? The question of scaling a business operation up or down is not unique to the Caribbean. However, the factors that affect those decisions are. Both local and global economic events will impact a Caribbean company’s growth. If you’re questioning whether it’s time to expand your company on a...

Panamanian money services company bankrupt with $22m in debt

August 22, 2016
Panamanian money services company bankrupt with $22m in debt MIAMI, USA -- Financiera Generosa, a Panamanian money services business, owing more than $22 million in bonds and commercial paper, has gone into bankruptcy, and creditors fear that their security, where it actually exists, was grossly overvalued by company officers, giving rise...

Dominican Republic banks to benefit from improved operating environment

August 22, 2016
Dominican Republic banks to benefit from improved operating environment NEW YORK, USA -- Fitch Ratings has completed its peer review of the largest banks in the Dominican Republic and, as a result, has affirmed the banks' current ratings. The three banks (one state-owned bank and two large banks) are: Banco de Reservas de la Republica Dominicana...

Marketing Strategies Today: Online PR dos and don'ts

August 22, 2016
Marketing Strategies Today: Online PR dos and don'ts Online PR is considered to be a significant advancement from the traditional PR concepts and practices in the quest to adapt to the new digital landscape. The fact that social media has become an important part of the current world and the newspapers have become online in the blogs and...

Correspondent banking issue being addressed by Jamaica

August 20, 2016
Correspondent banking issue being addressed by Jamaica KINGSTON, Jamaica (JIS) -- Prime Minister Andrew Holness says the government of Jamaica is strengthening initiatives to tackle the threat of international banks ending their correspondent banking relationships with local financial institutions. In order to reduce reputational risks...

First crude tanker transits new Panama Canal

August 20, 2016
First crude tanker transits new Panama Canal JERSEY CITY, USA -- MT Aegean Unity, a Suezmax tanker built in 2016 under the commercial management of Mjolner Shipping, has completed a transit of the Panama Canal. Aegean Unity is the first crude oil tanker to transit the new locks in the expanded canal. "Working with trading...

Puerto Rican business groups file legal challenge to hike in electricity rates

August 19, 2016
Puerto Rican business groups file legal challenge to hike in electricity rates SAN JUAN, Puerto Rico -- A group of nine leading Puerto Rico industry and business associations are joining in an unprecedented legal challenge to a Puerto Rico Energy Commission (PREC) move to impose the first in a series of unlimited, "blank check" rate increases under the controversial...

Grace Foods recalls specific batches of curry products

August 19, 2016
Grace Foods recalls specific batches of curry products KINGSTON, Jamaica -- GraceKennedy Limited has announced the recall of the following batches of its curry products in keeping with a recall by a former supplier, Miami-based Oriental Packing Company, Inc. The products being recalled are packaged in the USA and distributed within...

Atmospheric water generators to be marketed in Dominican Republic and Mexico

August 19, 2016
Atmospheric water generators to be marketed in Dominican Republic and Mexico SPOKANE, USA -- Ambient Water, a leading innovator of atmospheric water generation systems for extracting water from humidity in the air, has signed two separate memoranda of understanding (MOU) for the sale of the company’s atmospheric water generators within the Dominican...

Bahamas PM silent as bankrupt megaresort crisis drags on

August 18, 2016
Bahamas PM silent as bankrupt megaresort crisis drags on NASSAU, Bahamas -- Nearly a month after Bahamas Prime Minister Perry Christie said the Export-Import Bank of China (EXIM) should be in a position to announce a new buyer for bankrupt megaresort Baha Mar within a “few weeks”, Christie refused to answer questions about...

Scotiabank recognized as world's best consumer digital bank in Latin America, Caribbean and Canada

August 18, 2016
Scotiabank recognized as world's best consumer digital bank in Latin America, Caribbean and Canada KINGSTON, Jamaica -- Scotiabank has been recognized by Global Finance magazine as the 2016 World’s Best Consumer Digital Bank in Latin America, the Caribbean and Canada. This announcement comes on the heels of Scotiabank receiving the award for Best Digital Strategy of 2016.

Australian company accelerates drilling plans for onshore oil in Cuba

August 17, 2016
Australian company accelerates drilling plans for onshore oil in Cuba MELBOURNE, Australia -- Australian publicly listed company, MEO Australia Limited, has provided an operational update and near term drilling plans and further resource update plans for its Cuban Block 9 onshore oil acreage. MEO has commenced the work required to accelerate the...

Let's Talk Business: Rewarding your employees is serious business

August 17, 2016
Let's Talk Business: Rewarding your employees is serious business The concept of employee rewards may appear to be a fun, easy subject but that road to happy, productive employees can be fraught with obstacles. Rewarding your employees is a serious business. Human resources managers understand that people are the primary source for organizations...

Agreement to be finalised for 33.1 megawatt solar facility in Jamaica

August 16, 2016
Agreement to be finalised for 33.1 megawatt solar facility in Jamaica KINGSTON, Jamaica -- Minister of science, energy and technology, Dr Andrew Wheatley, says the government of Jamaica is to finalise an agreement with Eight Rivers Energy Company to build and operate a 33.1 megawatt solar facility at Paradise Park, in Westmoreland.

Ministers welcome acquisition by Virgin Group of renewable energy company in Jamaica

August 15, 2016
Ministers welcome acquisition by Virgin Group of renewable energy company in Jamaica KINGSTON, Jamaica (JIS) -- Jamaica’s minister of science, energy and technology, Dr Andrew Wheatley, has welcomed the move by British billionaire and head of the Virgin Group, Sir Richard Branson, to acquire Blue Mountain Renewables (BMR) Jamaica Wind Limited.

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