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Regional trade promoted in the Dominican Republic

June 1, 2017
Regional trade promoted in the Dominican Republic BRIDGETOWN, Barbados -- Regional trade is a key component for economic stability across the Caribbean, and greater trade from the agricultural sector could significantly contribute towards the lowering of the regions food import bill from outside of the region. It is in view of this that the Caribbean...

Grenada government rejects 'no choice' arbitration claim

May 31, 2017
Grenada government rejects 'no choice' arbitration claim ST GEORGE’S, Grenada -- Following a request for arbitration filed earlier this month with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) by Grenada Private Power Limited (GPP), a 50 percent shareholder of Grenada Electricity Services Ltd (Grenlec)...

CDB approves millions in loans and grants for ten borrowing member countries

May 31, 2017
CDB approves millions in loans and grants for ten borrowing member countries PROVIDENCIALES, Turks and Caicos Islands -- On Monday, May 22, the board of directors of the Caribbean Development Bank (CDB), met in Providenciales, Turks and Caicos Islands. It approved the following projects in The Bahamas, Belize, Dominica, Grenada, Guyana, Haiti, St Kitts and Nevis...

CDB governors highlight environment, gender and private sector growth at annual meeting

May 29, 2017
CDB governors highlight environment, gender and private sector growth at annual meeting PROVIDENCIALES, Turks and Caicos Islands -- As the 47th annual meeting of the Caribbean Development Bank (CDB) closed on Friday in Providenciales, the institution’s governors identified environmental sustainability, gender equality and private sector growth as key priorities for the region.

CDB and CCRIF launch integrated sovereign risk management in the Caribbean project

May 27, 2017
CDB and CCRIF launch integrated sovereign risk management in the Caribbean project PROVIDENCIALES, Turks and Caicos Islands -- On Thursday, the Caribbean Development Bank and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) launched the Integrated Sovereign Risk Management in the Caribbean project.  This project seeks to enable all Caribbean...

CDB study recommends strategies to enhance economic impact of tourism industry

May 26, 2017
CDB study recommends strategies to enhance economic impact of tourism industry PROVIDENCIALES, Turks and Caicos Islands -- The tourism industry is changing, and Caribbean countries must adapt in order to make the most of the emerging economic development opportunities. “Tourism Industry Reform, Strategies for Enhanced Economic Impact”, a study by the Caribbean...

Action by banks unfortunate and unwarranted, says Barbados finance minister

May 26, 2017
Action by banks unfortunate and unwarranted, says Barbados finance minister BRIDGETOWN, Barbados (BGIS) -- “Unfortunate and unwarranted” is how finance minister, Christopher Sinckler, has described a decision by local banks in Barbados to suspend work on transactions for real estate and related activities. Their action comes amid concerns over recent amendments...

EIB to provide three million euros for micro-financing in Haiti

May 25, 2017
EIB to provide three million euros for micro-financing in Haiti PORT AU PRINCE, Haiti -- On Monday in Port-au-Prince, Haiti, the European Investment Bank (EIB), the world's largest multilateral public donor, signed a loan agreement amounting to €3 million (± 230 million Gourdes) with Action for the Cooperation with Microenterprise (ACME in French) to expand...

CDB, global development partners launch toolkit to support Caribbean public-private partnerships

May 25, 2017
CDB, global development partners launch toolkit to support Caribbean public-private partnerships PROVIDENCIALES, Turks and Caicos Islands -- Regional governments, companies, investors and financiers interested in public-private partnerships (PPPs) now have access to an online tool which offers guidance and practical assistance in preparing and managing PPP projects.

China set to invest massively in Latin America and the Caribbean

May 25, 2017
China set to invest massively in Latin America and the Caribbean MIAMI, USA -- Historically, Latin America and the Caribbean have long looked to the US for support in terms of trade and investment, yet have often been left wanting. Now good times seem to be on the horizon, thanks to the promise of truly massive Chinese investment and trade that will...

Digital identity service production release underway with Caribbean central banks

May 25, 2017
Digital identity service production release underway with Caribbean central banks NEW YORK, USA -- Netki, a provider of open source and open standards compliance solutions for blockchains, has announced the first production platform for central banks using its digital identity service. Bitt and Netki provide the solution through a blockchain based central bank digital currency...

New phase for hub and spokes trade initiative launched at Barbados workshop

May 23, 2017
New phase for hub and spokes trade initiative launched at Barbados workshop BRIDGETOWN, Barbados -- An innovative trade initiative that is expanding opportunities for business, employment and prosperity in African, Caribbean and Pacific countries will be extended to February 2019. The hub and spokes programme is a joint initiative of the European Union...

Commentary: WannaCry - A Caribbean cyber security perspective

May 23, 2017
Commentary: WannaCry - A Caribbean cyber security perspective “Organizations who continue to run Windows XP, software, which cannot adequately detect and protect your information assets, and obsolete software, will make your systems easy targets for hackers and cyber criminals, as these systems will be hardest hit as the level of vulnerabilities and exploits...

Another oil expert confirms that Guyana cannot afford an oil refinery

May 22, 2017
Another oil expert confirms that Guyana cannot afford an oil refinery GEORGETOWN, Guyana -- More than six months after Michael Boyer, a former oil research analyst at British Petroleum (BP) had said that Guyana cannot afford an oil refinery, Pedro Hass, a government-hired consultant from Hartree Partners LP of Mexico, has now confirmed the same thing.

Marketing Strategies Today: Ten surprisingly effective ways to get more customers

May 22, 2017
Marketing Strategies Today: Ten surprisingly effective ways to get more customers Converting potential leads into paying customers is an essential part of any business. The problem lies in how well you can convert those leads into ones that buy your products or services. Need some more tips on how to successfully convert? Here are ten ways to more customers...

Largest Cuban mining project nears completion

May 15, 2017
Largest Cuban mining project nears completion HAVANA, Cuba (ACN) -- The Castellanos Project, the largest Cuban mining investment located in the westernmost province of Pinar del Rio, will be operational in July. Cuban Vice-President Ramiro Valdes visited the site along with Energy and Mining Minister Alfredo Lopez, where they were...

Marketing Strategies Today: How to become a television cooking show host

May 15, 2017
Marketing Strategies Today: How to become a television cooking show host Many people are interested in getting into the entertainment industry, and with so many different television stations and programs there is always a high demand for new talent. If you, as an actor, also happen to have a flair for creating fantastic dishes in the kitchen, you may want to consider pursuing...

Panama financial reform agenda must prioritize combating tax evasion, says UN expert

May 13, 2017
Panama financial reform agenda must prioritize combating tax evasion, says UN expert PANAMA CITY, Panama -- Following last year’s leak of confidential financial documents from a Panama law firm, a United Nations rights expert this week called on the countries’ authorities to continue to impose greater due diligence on financial and banking institutions. Juan Pablo Bohoslavsky...

New initiative will promote digital jobs in Haiti

May 13, 2017
New initiative will promote digital jobs in Haiti PORT AU PRINCE, Haiti -- Entrepreneurs in Haiti will soon have broader access to technical skills training, because of an initiative to promote digital jobs in the country. The initiative is led by LACNIC, the Internet Registry for Latin America and the Caribbean. Since 2013, LACNIC has strengthened...

USVI raises minimum wage on par with highest rates in the US

May 13, 2017
USVI raises minimum wage on par with highest rates in the US ST THOMAS, USVI -- The minimum wage in the US Virgin Islands will join the top ten states in having the highest minimum wage in the United States. Beginning on June 1, 2017, the administration will raise both public and private workers minimum pay to $9.50 per hour, putting it on par with New York...

BVI promotes unique offer for Africa

May 13, 2017
BVI promotes unique offer for Africa LONDON, England -- BVI Finance, the entity responsible for marketing and promoting the British Virgin Islands’ financial services industry, showcased the jurisdiction’s unique proposition and key role in aiding investment in and from Africa at the Africa Financial Services Investment Conference.

Dominican Republic energy group signs LNG supply agreement with Barbados

May 13, 2017
Dominican Republic energy group signs LNG supply agreement with Barbados SANTO DOMINGO, Dominican Republic -- The energy group AES Dominicana has signed an agreement to supply liquefied natural gas (LNG) to the Barbados National Oil Company Limited (BNOCL), from its AES Andres LNG terminal in the Dominican Republic, according to Edwin De los Santos...

Arbitration claim filed against Grenada government over repurchase of Grenlec shares

May 11, 2017
Arbitration claim filed against Grenada government over repurchase of Grenlec shares ST GEORGE’S, Grenada -- On May 5, Grenada Private Power Limited (GPP), a 50 percent shareholder of Grenada Electricity Services Ltd (Grenlec), along with GPP’s parent company WRB Enterprises Inc. (WRB), filed a request for arbitration with the World Bank’s International Centre for Settlement of...

OECS trade mission holds consultations in member states

May 10, 2017
OECS trade mission holds consultations in member states CASTRIES, St Lucia -- Intra-regional and international trade potential has been strengthened following a recent Organisation of Eastern Caribbean States (OECS) trade mission held in St Lucia, Martinique and Dominica from April 24-28, 2017. Minister of agriculture for St Vincent and the Grenadines...

Caribbean banks see rise in cyber attacks

May 8, 2017
Caribbean banks see rise in cyber attacks BELIZE CITY, Belize -- Imagine doing a routine check on your bank account only to discover that an entire month’s worth of credit had been swiped from your card. The nightmare became reality for one elderly Belizean couple, who fell victim to identity theft. For Alejandro and Leandra Chulin, the story started...

Marketing Strategies Today: How to create engaging video content for Twitter

May 8, 2017
Marketing Strategies Today: How to create engaging video content for Twitter Now that Twitter has launched its own native live video service, they are prioritizing video content on their feed. This means that, now more than ever, Twitter is an excellent way for a savvy marketing executive to reach potential clients or customers. Reaching your potential client base is the most...

Dominica: An island awash with investment opportunities

May 7, 2017
Dominica: An island awash with investment opportunities As an unspoilt island that has built a reputation as a leading eco-tourism destination, Dominica is awash with great investment opportunities. The island has a number of advantages over many of its Caribbean neighbours, with an educated workforce, at 94 percent literacy, strong cost...

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