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Caribbean Export supports Dominican Republic trade mission to Jamaica

April 17, 2014
Caribbean Export supports Dominican Republic trade mission to Jamaica KINGSTON, Jamaica -- The Caribbean Export Development Agency (Caribbean Export) led a delegation of Dominican Republic (DR) private sector business representatives to Jamaica from April 3-6, 2014, as a part of the agency’s efforts to spur increased trade between that country and the...

Two more companies seek Bahamas oil exploration licences

April 16, 2014
NASSAU, Bahamas -- The government of The Bahamas is considering applications from two oil companies that are seeking exploration and production licences to search for oil in waters north of Grand Bahama. Bahamas Petroleum and Atlantic Petroleum have applied...

Canada demands controversial investor rights clause in Bahamas trade agreement

April 16, 2014
NASSAU, Bahamas -- Disagreement over whether a controversial investor-state dispute settlement (ISDS) mechanism will be included in a new trade deal between Canada and The Bahamas has emerged as a point of contention between the two countries in the protracted negotiations.

Timely and successful discussions at venture capital seminar in Trinidad

April 16, 2014
Timely and successful discussions at venture capital seminar in Trinidad PORT-OF-SPAIN, Trinidad -- A wide cross-section of regional executives from private and public sector organisations participated in a venture capital financing seminar hosted by the University of the West Indies, Caribbean Centre for Money and Finance (CCMF) in Port-of-Spain.

Caribbean Export drives market intelligence to increase exports

April 15, 2014
BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has launched its market intelligence training workshop road show across CARIFORUM, working in partnership with national business support organisations (BSOs) to build capacity for export.

Caribbean Export launches in-firm design and branding project

April 10, 2014
Caribbean Export launches in-firm design and branding project BRIDGETOWN, Barbados -- The Caribbean Export Developmental Agency (Caribbean Export) has launched an in-firm design and branding initiative that will provide participating CARIFORUM state firms with technical support and financial assistance for the strengthening of their packaging design.

Despite tighter external conditions, the Caribbean and Latin America hold steady

April 10, 2014
WASHINGTON, USA (World Bank) -- As international investors shift their focus back to advanced economies, particularly the United States, as a result of monetary policy normalization, emerging economies face much tighter financial conditions. Still, the impact of this reversal...

Spanish entrepreneurs willing to foster investment in Cuba

April 9, 2014
HAVANA, Cuba (ACN) -- The Havana-based Association of Spanish Entrepreneurs (AEEC) has expressed its willingness to foster bilateral trade and economic relations with Cuba and increase investment in areas of interest. One of its kind on the island, the association elected...

Dubai acquires major stake in operator of iconic Bahamas resort

April 7, 2014
Dubai acquires major stake in operator of iconic Bahamas resort NASSAU, Bahamas -- An investment arm of the Dubai government has bought a major stake in Kerzner International Holdings, the international hotel operator that manages the Atlantis Paradise Island resort, and has replaced the company’s founder and chairman, Sol Kerzner.

Small enterprises key to a sustainable Caribbean economy

April 7, 2014
PORT OF SPAIN, Trinidad (CANARI) -- On March 26 - 27, 2014, the Commonwealth Secretariat co-hosted, in collaboration with the government of Saint Lucia, the third global biennial conference on small states. This year’s conference theme was “Building resilience in Small States”.

BVI targets Asian funds business with investment seminar

April 5, 2014
BVI targets Asian funds business with investment seminar HONG KONG, China -- “In the Asia region, where the ‘BVI’ has become synonymous with business companies, it is important that we provide practitioners with greater exposure to the variety of financial and investment services we offer.” These sentiments were expressed by director of BVI House Asia...

Regional telecoms provider acquires Turks and Caicos television station

April 4, 2014
PROVIDENCIALES, Turks and Caicos Islands -- Regional wireless telecoms provider Digicel, together with its local partner Telemedia, on Tuesday announced the acquisition of WIV Cable TV, which has been operating in the Turks and Caicos Islands for over 30 years, and its sister company...

Bahamas PM defends regional financial centres

April 2, 2014
Bahamas PM defends regional financial centres NASSAU, Bahamas -- The prime minister of The Bahamas, Perry Christie, has again come to the defence of international financial centres (IFCs) in the Caribbean, stating that the regimes are far more robust than the ones that exist in countries that continue to fight offshore financial services in the region.

Bahamas hosts third Caribbean conference on international financial services

April 2, 2014
Bahamas hosts third Caribbean conference on international financial services NASSAU, Bahamas -- The Caribbean Export Development Agency (Caribbean Export), in partnership with the government of The Bahamas on Monday commenced a three-day high profile summit: The Third Caribbean Conference on the International Financial Services Sector in the Caribbean.

Over 500 buyers registered for Expo Jamaica 2014

April 1, 2014
KINGSTON, Jamaica -- Over 500 buyers have been registered by Jamaica Promotions Corporation (JAMPRO) to meet in business matchmaking sessions with Jamaican export producers at Expo Jamaica taking place from April 3 – 6 at the National Arena in Kingston.

Growth seen at three percent for Latin America and Caribbean economies

April 1, 2014
COSTA DO SAUIPE, Brazil -- Latin America and the Caribbean economies are set to grow at 3.0 percent in 2014 and 3.3 percent in 2015 thanks to improving economic conditions in the United States and Europe, a study issued on Sunday by the Inter-American Development Bank says.

Cuban parliament passes new foreign investment law

March 31, 2014
Cuban parliament passes new foreign investment law HAVANA, Cuba (ACN) -- The Cuban Parliament unanimously adopted on Saturday a new Foreign Investment Law, described as a crucial tool to consolidate the country's economic model and build a prosperous and sustainable socialist system. The law was adopted with modifications.

Caribbean Export supports the creative industries

March 25, 2014
Caribbean Export supports the creative industries BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export), got CREATE-ive when it launched its latest publication, aptly titled ‘CREATE’, a publication that applauds the successes of entrepreneurs in Caribbean creative industries. Appropriately, the launch of...

Jamaica focuses on targeted business mentorship for small entities

March 21, 2014
Jamaica focuses on targeted business mentorship for small entities KINGSTON, Jamaica -- Following on the achievement of its successful export growth programme, Export Max, Jamaica Promotions Corporation (JAMPRO) is now inviting production and service companies to participate in the second staging of the customized developmental programme.

Jamaica to mount major investment promotion mission to Panama logistics summit

March 21, 2014
Jamaica to mount major investment promotion mission to Panama logistics summit KINGSTON, Jamaica -- The ministry of industry, investment and commerce (MIIC) and Jamaica Promotions Corporation (JAMPRO) have been invited by the Panamanian embassy to engage key stakeholders in the global logistics industry at the LATAM Ports and Logistics Summit to be held in Panama City.

Trinidad seminar to explore venture capital financing in regional context

March 19, 2014
ST AUGUSTINE, Trinidad -- Despite the existence of a highly liquid financial market in the Caribbean, many believe that the ability to capitalize on entrepreneurial opportunities is stymied due to limited access to an appropriate mix of financial capital. It is against this background...

Bahamas climbs financial centre index, but faces headwinds

March 18, 2014
NASSAU, Bahamas -- The Bahamas moved up an internationally-renowned ranking of global financial centres in a newly-released international report, rising two spots to 65th place out of 83 centres ranked. It is one of only four offshore centres that saw a rise in its ranking.

IMF report reveals steep drop in Bahamas bank profits

March 18, 2014
NASSAU, Bahamas -- Non-performing loan levels are higher in The Bahamas than in comparative Caribbean countries, including Barbados, Jamaica and Trinidad and Tobago, while nowhere among the four countries did bank profitability slide so steeply as in The Bahamas.

Caribbean consultant launches new business service

March 18, 2014
Caribbean consultant launches new business service BRIDGETOWN, Barbados -- In response to continual requests for professional assistance from entrepreneurs and fledgling enterprises, leading Caribbean management consultant Dr Basil Springer has launched a new business service to help entrepreneurs turn their ideas and innovations into...

Regional telecoms provider asks regulators to investigate competitor

March 17, 2014
KINGSTON, Jamaica -- Caribbean wireless telecoms provider Digicel has asked regional regulators to launch an investigation into call handling by its competitor LIME (foermely Cable and Wireless), which Digicel claims results in some consumers being unfairly charged.

CARICOM heads of government to engage business leaders

March 14, 2014
KINGSTOWN, St Vincent -- Heads of government of the Caribbean Community (CARICOM) will engage business leaders as part of the overall effort to improve the economic situation of the region. This was announced by chair of the Conference of Heads of Government, Dr Ralph Gonsalves...

Barbados to tap into Latin American business and financial services market

March 14, 2014
Barbados to tap into Latin American business and financial services market BRIDGETOWN, Barbados (BGIS) -- Barbados is looking to expand its international business and financial services sector by attracting business from Latin America. Minister of industry, international business, commerce and small business development, Donville Inniss, will lead the charge.

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