News from the Caribbean:
Japanese business investors interested in Jamaica
February 22, 2012
KINGSTON, Jamaica (JIS) -- Japanese businesses have demonstrated significant interest in investing in Jamaica. This was stated by Japan’s Ambassador to Jamaica, Hiroshi Yamaguchi, during his presentation at a recently held investment forum.
CARICOM finalizing youth entrepreneurship manual
February 15, 2012
BASSETERRE, St Kitts (SKNIS) -- The Youth Desk at the CARICOM Secretariat is close to finalizing a manual that will be used to equip young people throughout the region with the knowledge, attitudes and skills to run a business successfully.
Successful consultations held for Caribbean regional aid for trade strategy
February 10, 2012
WASHINGTON, USA -- National consultations were held in Antigua and Barbuda, Barbados, Dominica, Montserrat, Saint Lucia, St Kitts and Nevis, St Vincent and the Grenadines and Suriname in the context of the Regional Aid for Trade Strategy.
Billionaire Michael Roberts to speak at business success seminar in Bahamas
February 6, 2012
NASSAU, Bahamas -- According to Human Capital Management expert Jon Ingham’s survey, the following were the key business challenges for 2011: Dealing with the recession, revenue growth, profitability, understanding customer needs, ensuring performance...
Facebook to go public
February 4, 2012
NEW YORK, USA -- Facebook, the social networking site accessed by four million users from the Caribbean and Central America every quarter, helping people connect and share information, is finally going public.
Caribbean Export launches regional business competition at UK-Caribbean Forum in Grenada
February 2, 2012
ST GEORGE’S, Grenada -- Two regional companies, SMAKS the West Indian Tea Company and David Weekes and Associates are the first winners of the Caribbean Export Development Agency’s Break Point regional business competition.
Sustainability Conference: A career development opportunity for regional accountants
January 27, 2012
BRIDGETOWN, Barbados -- Accountants and other business leaders in the Caribbean have a unique opportunity to enhance the long term viability of their organizations and their own careers by participating in the International Sustainability Conference.
Online price comparison tool to be launched for Central American remittances
January 25, 2012
WASHINGTON, USA -- The Center for Latin American Monetary Studies (CEMLA), the Multilateral Investment Fund, a member of the IDB Group, and the World Bank will hold a breakfast meeting to launch an online remittance price comparison tool.
Jamaica government to create more business-friendly environment
January 24, 2012
KINGSTON, Jamaica (JIS) -- Minister of Industry, Investment and Commerce, Anthony Hylton, said the government of Jamaica is moving “post haste” to remove the bureaucratic constraints to business and entrepreneurship so that the economy can grow.
Invest in romance, counsels Saint Lucia resort owner
January 23, 2012
SOUFRIERE, Saint Lucia -- When things get tough, look beyond the usual, counsels a seasoned Saint Lucian businesswoman and hotelier. "We need to think creatively to increase our share of world tourism," said Eroline Lamontagne.
Hotel group sees Caribbean business uptick
January 23, 2012
MARYLAND, USA -- The global economy is improving and the Caribbean should see a resurgent travel demand and new development and franchise affiliations, according to global lodging company, Choice Hotels International.
Largest Caribbean refinery in USVI to close
January 19, 2012
ST CROIX, USVI -- The Caribbean’s largest oil refinery in St Croix, US Virgin Islands, is to close down by mid-February because of reduced fuel demand and increased international competition. The Hovensa refinery is a joint venture between...
World-renowned Caribbean rum brand celebrates 150th anniversary in 2012
January 19, 2012
HAMILTON, Bermuda -- Bacardi Limited, the world's largest privately-owned spirits company, has declared that 2012 will be its most innovative year since the creation of Bacardi rum in 1862. Throughout the year, Bacardi will host one-of-a-kind birthday...
Six Myths: Fannie and Freddie caused the housing bubble
January 19, 2012
It has been more than three years since the housing bubble burst, but the economy is still reeling from its widespread negative impacts on the financial system, employment, and asset values. Not only did the collapse drag the US economy down...
Bahamas resort deal cancelled
January 18, 2012
NASSAU, Bahamas -- Brookfield Asset Management has pulled the plug in the landmark debt-for-equity swap with Kerzner international, the owner of the Atlantis Resort on Paradise Island, the largest resort in The Bahamas.
Jamaican government committed to low inflation and interest rates
January 18, 2012
KINGSTON, Jamaica (JIS) -- Newly-appointed Minister of Industry, Investment and Commerce, Anthony Hylton has assured that there will be no return to a regime of high interest rates in Jamaica, emphasizing his administration’s commitment to...
Print management company expands in Puerto Rico
January 18, 2012
TOA BAJA, Puerto Rico -- Menonita Healthcare System in Puerto Rico has selected WorkflowOne, one of the largest providers of print management, marketing and distribution services in North America, as its sole supplier for their print management needs.
Trinidad PM concludes state visit to India with business talks in Mumbai
January 14, 2012
MUMBAI, India -- In her final bid to lure potential Indian investors and entrepreneurs to the shores of Trinidad and Tobago, Prime Minister Kamla Persad-Bissessar on Friday reiterated her call for more Trinidad and Tobago-India economic and trade relations.
Six Myths: In Fed We Trust
January 14, 2012
Although it was created by Congress in 1907, the Fed was not given its dual mandate for maintaining stable prices and full employment until 1977. Before that time, fighting inflation was its major concern. The Fed’s other responsibilities include...
New project to boost Haitian coffee production
January 11, 2012
PORT AU PRINCE, Haiti -- The Inter-American Development Bank’s Multilateral Investment Fund (FOMIN) and France’s Agence Française de Développement (AFD) will provide approximately $3 million in grants for a project to increase the output...
New credit system comes into effect in Cuba
December 21, 2011
HAVANA, Cuba (ACN) -- A recently approved credit system allowing the granting of loans to small business owners, private farmers and those looking to repair or rebuild their homes came into effect in Cuba on Tuesday.
Caribbean comes to more than 1,000 travel agencies during 2012 winter blitz
December 15, 2011
MIAMI, USA -- Starting January 3, 2012, the team at a sales and marketing company for Caribbean hotels and destinations will be meeting with more than 1,000 travel agencies in top markets. The AskMe Winter Blitz occurs annually.
Cuba to allow private ads in state-run yellow pages
December 9, 2011
HAVANA, Cuba (ACN) -- Cuba’s Telecommunications Company (ETECSA) has announced the recent approval of the inclusion of a section in the Yellow Pages phone book for the advertisement of services offered by the self-employed sector.
US customer service company to open Jamaican contact centre
December 9, 2011
MONTEGO BAY, Jamaica -- Convergys Corporation, one of the largest agent-assisted customer service companies in the world, and the Jamaican government have announced plans to open the first Convergys Jamaican contact centre.
Trinidad and Tobago to strengthen financial sector
December 6, 2011
WASHINGTON, USA -- Trinidad and Tobago will strengthen its financial sector supervisory and regulatory framework with a US$50 million loan from the Inter-American Development Bank (IDB). “Trinidad and Tobago is considered the regional financial...
Call centre expands in Grenada
December 2, 2011
ST GEORGE'S, Grenada -- Clear Harbor, a provider of customer care and business process outsourcing services, has increased its presence in the eastern Caribbean nation of Grenada with an expansion of its existing business operations.
Haiti investment forum draws hundreds of businesspeople
November 30, 2011
PORT-AU-PRINCE, Haiti -- More than 1,000 businesspeople and government officials took part on Tuesday in the Invest in Haiti Forum, one of the largest meetings of its kind ever held in the Caribbean, underscoring the strong private sector...
CARICOM woos Japanese investors
November 25, 2011
PORT OF SPAIN, Trinidad -- Caribbean Community (CARICOM) member states earlier this week showcased to Japanese businessmen the opportunities available in the region, particularly in the energy, natural resources and information...
Restructured sugar cane industry could benefit rum production in Barbados
November 25, 2011
BRIDGETOWN, Barbados (BGIS) -- A restructured sugar cane industry holds great potential for the development of the Barbados rum sector. This is the view of Minister of Agriculture, Food, Fisheries and Water Resource Management...
St Kitts-Nevis Development Bank seeks strategic alliances to promote businesses
November 24, 2011
BASSETERRE St Kitts -- The Development Bank of St Kitts and Nevis has been working to forge strategic alliances with various partners in the region as it strives to deliver technical assistance and support to its current and prospective clients.
Ratings agency lowers outlook on Barbados to negative
November 22, 2011
NEW YORK, USA -- Standard & Poor's Ratings Services has lowered its outlook on Barbados from stable to negative, reflecting increasing credit risks driven by a weakening external financial and economic environment.
Bank of Saint Vincent and the Grenadines opens new headquarters
November 19, 2011
KINGSTOWN, St Vincent -- The Bank of Saint Vincent and the Grenadines (BOSVG), a subsidiary of East Caribbean Financial Holding Company Ltd (ECFH), officially opened its new Reigate Building last Sunday. The new headquarters located on...
Haitian coffee seeks to regain global stature
November 19, 2011
PORT-AU-PRINCE, Haiti -- Haiti was once a major global supplier of coffee and now the government of Haiti and its partners are determined to help the industry regain the lustre of years past. The outlook is positive.
St Kitts-Nevis national honoured for outstanding contribution to corporate America
November 18, 2011
BASSETERRE, St Kitts (SKNIS) -- Larry Quinlan of St Kitts and Nevis has received the award for Outstanding Contribution to Corporate America for the significant strides he made as one of the principals in Deloitte LLP, one of the world’s largest...
IDB releases first regional survey of Caribbean banks' sustainability
November 16, 2011
MIAMI, USA -- The Inter-American Development Bank (IDB) has released the first regional survey about environmental, social and corporate governance sustainability of banks in Latin America and the Caribbean.
MGM eyes growth opportunities in Caribbean
November 15, 2011
NASSAU, Bahamas -- On the heels of a strong third quarter, MGM Resorts International is now eyeing opportunities for growth in the Caribbean, Guardian Business can reveal, as the major resort and casino company seeks to expand its market.
Confidence in SMEs growing among banks in the Caribbean
November 15, 2011
WASHINGTON, USA -- A large majority of banks in Latin America and the Caribbean consider small and medium-sized enterprise (SMEs) as a strategic part of their business and plan to increase their credit portfolio for this sector in the next two years.
Take multicultural marketing seriously, say CMEx delegates
November 15, 2011
NEW JERSEY, USA -- Caribbean tourism marketers should include the powerful Hispanic-American community and the wider multicultural market segment when promoting the allure of the region to North American audiences.
Regional reinsurance company proposed for Caribbean
November 14, 2011
ST GEORGE’S, Grenada -- A top regional insurance official is advocating the establishment of a Caribbean reinsurance company, saying CARICOM nations can save millions of dollars in the process. According to Randy Graham, president of...
Barbados entrepreneur expands in Caribbean
November 10, 2011
BRIDGETOWN, Barbados -- Determined to make La Rosa Couture Inc. synonymous with leadership in the region's garment manufacturing industry, Barbadian entrepreneur Rozana Moseley is living her dream and loving it.
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