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Implications of Central Bank removing minimum savings rate

April 18, 2015
Implications of Central Bank removing minimum savings rate The Central Bank of Barbados announced on April 7 that the bank would no longer set the minimum savings rate for banks and other deposit taking institutions. I can only speculate as to why this move at this time, like all the other ordinary Barbadians out there. Undoubtedly we know that this move will not...

Let's Talk Business: At the heart of every successful entrepreneur is the ability to find solutions to problems

April 17, 2015
Let's Talk Business: At the heart of every successful entrepreneur is the ability to find solutions to problems I had the great privilege of speaking at the Bahamas National Junior Achievement Conference held in Freeport, Grand Bahama, The Bahamas, in February of this year under the topic, entrepreneurship. For me this was a no brainer as I am an entrepreneur and always have been. Yet, true to form...

Winning deals at CARIFORUM: Big opportunities but 'room for improvement'

April 16, 2015
Winning deals at CARIFORUM: Big opportunities but 'room for improvement' MONTEGO BAY, Jamaica -- The third CARIFORUM-EU Business Forum opened in Montego Bay, Jamaica, on Wednesday, with calls for Caribbean countries to seize new opportunities offered by globalisation and improved access for the region to international markets. The mood of optimism about...

Caribbean and Latin America improve environment for infrastructure investment PPPs

April 15, 2015
Caribbean and Latin America improve environment for infrastructure investment PPPs PUNTA DEL ESTE, Uruguay -- The climate for private investment in infrastructure through public-private partnerships (PPPs) has improved in the Caribbean and Latin America in the last few years, with Chile, Brazil, Peru, Mexico, and Colombia topping the list of the most welcoming countries...

Barbados ideally placed as gateway to Cuba, says minister

April 13, 2015
Barbados ideally placed as gateway to Cuba, says minister BRIDGETOWN, Barbados (BGIS) -- Barbados is well placed to be marketed as the gateway to Cuba for US and other investors who may be ready to take advantage of the opportunities that an opening up of Cuba may present, said international business minister Donville Inniss.

Heads of state, top business leaders participate in second CEO Summit of the Americas

April 13, 2015
Heads of state, top business leaders participate in second CEO Summit of the Americas PANAMA CITY, Panama -- Over 700 top business executives from more than 20 countries in the Americas joined a dozen heads of state to launch the second CEO Summit of the Americas in Panama City on Thursday, focusing on how the private sector can work better with governments.

US launches small business development centre in Barbados

April 11, 2015
US launches small business development centre in Barbados BRIDGETOWN, Barbados -- The US Embassy to Barbados, the Eastern Caribbean, and the OECS has announced the launch of the Barbados Small Business Development Centre Network (SBDC). The launch of the SBDC follows US President Barack Obama’s engagement with Caribbean Community...

Panama airline signs $6.6 billion new aircraft order with Boeing

April 11, 2015
Panama airline signs $6.6 billion new aircraft order with Boeing PANAMA CITY, Panama -- Panama President Juan Carlos Varela Rodriguez and US President Barack Obama on Friday witnessed a historic agreement in which Copa Airlines and Boeing announced an order for 61 737 MAX 8 and MAX 9 airplanes. The order, valued at $6.6 billion at list prices...

BVI ranked highest offshore jurisdiction

April 9, 2015
BVI ranked highest offshore jurisdiction ROAD TOWN, BVI -- The British Virgin Islands (BVI) has moved up 13 positions to 34th in the most recent Global Financial Centres Index (GFCI). The Index also revealed that the BVI is the most highly ranked offshore jurisdiction, ahead of competing jurisdictions such as the Cayman Islands...

Let's Talk Business: Decoding office politics

April 9, 2015
Let's Talk Business: Decoding office politics As I was browsing the shelves of my library yesterday morning, I came across a book I had purchased a few years back entitled “The Secret Handshake – Mastering the Politics of the Business Inner Circle” authored by Kathleen Kelley Reardon, Ph D. This book was the inspiration for this week’s article.

Haiti's essential oil producers receive best practice training

April 8, 2015
Haiti's essential oil producers receive best practice training PORT-AU-PRINCE, Haiti -- Haiti’s Chamber of Commerce and Industry (CCIH) organized a best practices sharing mission for experts from the International Fragrance Association (IFRA) in Haiti from 10 to 13 March 2015 with the support of the Caribbean Export Development Agency.

New magazine launched focusing on Cuba's emerging real estate market

April 8, 2015
New magazine launched focusing on Cuba's emerging real estate market MIAMI, USA -- Fuego Enterprises, Inc. has announced a new specialized publication on Cuba's emerging real estate market, OnCuba Real Estate Magazine. OnCuba, the broadest communication platform on Cuba for the North American market, with national distribution in Cuba and the US...

Cuba to attend business forum at OAS summit in Panama, says minister

April 7, 2015
Cuba to attend business forum at OAS summit in Panama, says minister HAVANA, Cuba (ACN) -- Cuban Foreign Trade Minister Rodrigo Malmierca said that the island will show at the Summit of the Americas Business Forum in Panama its opportunities to develop international economic relations based on the new Foreign Investment Law and the setting up of the...

Still no decision on management contract for Bahamas power company

April 2, 2015
Still no decision on management contract for Bahamas power company NASSAU, Bahamas -- Despite a conflicting message and confused timelines while critical decisions at the Bahamas Electricity Corporation (BEC) languish, and despite Prime Minister Perry Christie’s assurance that he would “move rapidly for a conclusion” on the decisions, up to Tuesday the Christie...

Bahamas government to consider bailout for local CLICO entity

April 2, 2015
Bahamas government to consider bailout for local CLICO entity NASSAU, Bahamas -- The liquidator of CLICO (Bahamas) has recommended a resolution to that saga, and Guardian Business understands that the model recommended by liquidator Craig Gomez, of Baker, Tilly, Gomez, is one that Bahamians would recognize: a bailout vehicle in the style of...

Republic Bank to acquire RBC Royal Bank Suriname

April 2, 2015
Republic Bank to acquire RBC Royal Bank Suriname PORT-OF-SPAIN, Trinidad -- Republic Bank Limited (RBL) has announced plans to acquire RBC Royal Bank (Suriname) NV from RBC Financial (Caribbean) Limited, through the purchase of Royal Overseas Holdings (St Lucia) Limited, at an estimated cost of US$39.8 million.

Cayman Islands rises in global financial centres index

April 1, 2015
Cayman Islands rises in global financial centres index GEORGE TOWN, Cayman Islands -- The Cayman Islands has moved up an impressive 15 positions in the most recent Global Financial Centres Index (GFCI). "The Cayman Islands was ranked at 54 in the last report published in September and it is indeed very pleasing to see the significant move...

St Lucia company takes board governance training to Turks and Caicos

April 1, 2015
St Lucia company takes board governance training to Turks and Caicos CASTRIES, St Lucia -- Last year, the Saint Lucia-based Caribbean Governance Training Institute (CGTI) introduced a certification program called the Chartered Director (C.Dir) qualification, involving an optional three-hour exam based on a three-day course covering all aspects of board governance.

Let's Talk Business: What exactly is leadership?

April 1, 2015
Let's Talk Business: What exactly is leadership? I've attended so many leadership training sessions throughout my career and have conducted leadership training for many emerging and experienced leaders, so much so, that I can't even keep count. But what truly is leadership? Of course there are many definitions, many books that have been published...

First bank reaches resolution under US Justice Department's Swiss Bank Program

March 31, 2015
First bank reaches resolution under US Justice Department's Swiss Bank Program WASHINGTON, USA -- The US Department of Justice announced on Monday that BSI SA, one of the ten largest private banks in Switzerland, is the first bank to reach a resolution under the department’s Swiss Bank Program. “Because of the department’s continuing efforts to root out...

Agribusiness and handicraft firms in Haiti and Dominican Republic awarded 700,000 euros

March 30, 2015
Agribusiness and handicraft firms in Haiti and Dominican Republic awarded 700,000 euros BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has awarded €700,000 to 31 firms and business support organizations (BSOs) in Haiti and the Dominican Republic via the Binational Grants Programme, as part of the Haiti/Dominican Republic...

Japanese car dealer expands its reach to the Caribbean

March 26, 2015
Japanese car dealer expands its reach to the Caribbean AICHI, Japan -- Fairline Cars, a supplier of new and pre-owned quality cars based in Aichi, Japan, some 220 miles west of Tokyo, is expanding its reach to the Caribbean. Fairline Cars is the export division of Fairline Corporation, an international company specialising in importing and exporting...

New forum to tackle Commonwealth trade challenges

March 26, 2015
New forum to tackle Commonwealth trade challenges LONDON, England -- A Commonwealth working group on trade will meet in Malta for the first time to consider challenges affecting member countries. The consultative meeting of the Commonwealth Expert Group on Trade (CEGT), which will take place from 25-26 March 2015...

Colombia seeks more investment from the Caribbean

March 26, 2015
Colombia seeks more investment from the Caribbean BOGOTA, Colombia -- The high ratings of global firms, the GDP growth in the last five years and the time it takes to start a new business in Colombia, are some of the factors that have made the country the ideal place to invest and do business. Procolombia, the Colombian government promotion agency...

Global rum market tipped for value growth

March 25, 2015
Global rum market tipped for value growth LONDON, England -- A new report from just-drinks and The IWSR has forecast value growth in the coming four years for the rum sector, in spite of a continuing decline in the sector's volume performance. The report, entitled 'Global rum insights - market forecasts, product innovation and consumer...

Let's Talk Business: Eight things recruiters don't want you to know

March 25, 2015
Let's Talk Business: Eight things recruiters don't want you to know With jobs in limited supply and not enough skilled labour to go around, it is critical when job-hunting that you are a cut above the rest. If you are fortunate enough to get to that first interview, (it typically takes a recruiter about 30 seconds to make that decision after scanning your resume), it is essential that...

Barbados international business sector still vibrant, says minister

March 23, 2015
Barbados international business sector still vibrant, says minister BRIDGETOWN, Barbados (BGIS) -- Despite the current economic situation, many foreign-owned entities still consider Barbados to be a reputable domicile of choice, especially in the areas of international insurance and industry, minister of industry, international business, commerce and...

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