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Bahamas megaresort finally opens

April 24, 2017
Bahamas megaresort finally opens NASSAU, Bahamas -- Nearly two years after Baha Mar filed for Chapter 11 bankruptcy in the United States and subsequently fell into liquidation, threatening the prospects of the multi-billion dollar project and the livelihoods of thousands of Bahamians, the resort, under new ownership, opened its doors on Friday.

IMF executive board discusses loss of correspondent banking relationships

April 24, 2017
IMF executive board discusses loss of correspondent banking relationships WASHINGTON, USA -- On April 12, 2017, the executive board of the International Monetary Fund (IMF) discussed the staff report: “Recent Trends in Correspondent Banking Relationships – Further Considerations”. In this regard, directors welcomed the recently launched Caribbean initiative to develop...

Animation training programme launched in Jamaica

April 24, 2017
Animation training programme launched in Jamaica KINGSTON, Jamaica (JIS) -- A project that seeks to train 150 young people annually for the global US$230-billion animation industry was launched in Jamaica on April 19. With an estimated investment of US$779,000, the Creative Industries Education and Employment Programme (CIEEP) aims to...

Marketing Strategies Today: How to make money with a podcast

April 24, 2017
Marketing Strategies Today: How to make money with a podcast When you want to have a podcast one thing you need to know how to do is be very different from the competition. That means that you want to make sure that the content that you are putting out is very powerful, motivating and also that there is nothing out there that is like it. When you are going...

Former Antigua-Barbuda financial regulator loses extradition appeal

April 22, 2017
Former Antigua-Barbuda financial regulator loses extradition appeal ST JOHN’S, Antigua -- A high court ruling this week rejected an application for judicial review by Leroy King, the former head of the Financial Services Regulatory Commission (FSRC) in Antigua and Barbuda, against the 2012 decision by the government to approve his extradition to the US.

CARICOM Secretariat convenes trade consultation

April 21, 2017
CARICOM Secretariat convenes trade consultation KINGSTON, Jamaica -- The Caribbean Community (CARICOM) Secretariat convened a private sector consultation and capacity building workshop on the WTO agreement on trade facilitation (TFA) and the CARICOM strategy for regional implementation. The meeting, intended for national business...

USVI governor submits bill to attract financial service industry

April 20, 2017
USVI governor submits bill to attract financial service industry ST THOMAS, USVI -- US Virgin Islands Governor Kenneth Mapp has submitted for legislative approval The Virgin Islands Financial Services Improvement and Corporate Modernization Act of 2017 (FISA 2017). In a letter to Senate President Myron Jackson, the governor wrote the act will “modernize...

St Kitts-Nevis joins Antigua-Barbuda in rejecting Illinois tax haven label

April 19, 2017
St Kitts-Nevis joins Antigua-Barbuda in rejecting Illinois tax haven label BASSETERRE, St Kitts (WINN) -- Efforts by one American state to officially label St Kitts and Nevis a foreign tax haven are being strongly objected to by the federation’s foreign affairs minister, Mark Brantley, thus joining Antigua and Barbuda in a similar protest. A proposed House Bill 3419...

Making money is not a bad thing, says St Lucia PM

April 18, 2017
Making money is not a bad thing, says St Lucia PM CASTRIES, St Lucia -- It comes as no surprise that Prime Minister Allen Chastanet -- who served as Saint Lucia’s tourism minister from 2006 to 2011 -- is head-over-heels for the industry, but during a candid meeting recently with Saint Lucia’s Manufacturers Association, he reassured local...

Marketing Strategies Today: Easy marketing using Pinterest

April 17, 2017
Marketing Strategies Today: Easy marketing using Pinterest Pinterest is a social media network with a focus on users posting photos or videos (called ‘pinning’ on the service) to their own or others ‘pinterest boards’, which are a collection of usually similarly themed ‘pins’. While it is not as large as some other social media services, with just over 150 million...

US appeals court holds that Antigua-Barbuda is not liable to Stanford Ponzi victims

April 15, 2017
US appeals court holds that Antigua-Barbuda is not liable to Stanford Ponzi victims NEW ORLEANS, USA -- The US Fifth Circuit Court of Appeals has held that the Foreign Sovereign Immunities Act (FSIA) bars Stanford International Bank Ltd (SIBL) Ponzi scheme victims from bringing a claim against Antigua and Barbuda, a foreign state. The decision reversed a ruling by...

Buoyant start to 2017 for Cayman Islands insurance industry

April 15, 2017
Buoyant start to 2017 for Cayman Islands insurance industry GEORGE TOWN, Cayman Islands -- Following an excellent year for new insurer licenses issued in 2016 (39 in total), the Cayman Islands insurance industry has seen a buoyant start to 2017, with eight new insurer licences issued in the first quarter. These include six Class B licences, half of which...

Significant spike reported in counterfeit merchandise seized in Puerto Rico

April 12, 2017
Significant spike reported in counterfeit merchandise seized in Puerto Rico SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan Field Operations announced on Friday a significant increase of more than 300% in the seizure of counterfeit merchandise during the first two quarters of federal fiscal year (FY) 2017 compared to the same period in FY2016.

BVI business consultants may soon bid on EU projects

April 11, 2017
BVI business consultants may soon bid on EU projects ROAD TOWN, BVI -- British Virgin Islands business consultants will soon have the opportunity to bid on regional and international projects under the European Union (EU) portfolio. Consultants in the BVI, and other Overseas Countries and Territories (OCT) who are inducted into the Chapter of...

US embassy hosts entrepreneurship program in Eastern Caribbean

April 11, 2017
US embassy hosts entrepreneurship program in Eastern Caribbean BRIDGETOWN, Barbados -- The US Embassy to Barbados, the Eastern Caribbean, and the Organisation of Eastern Caribbean States (OECS) hosted a traveling program focused on entrepreneurship. The program traveled to Antigua and Barbuda, Grenada, and Barbados, and targeted...

Jamaica to benefit from international financial services centre

April 10, 2017
Jamaica to benefit from international financial services centre KINGSTON, Jamaica (JIS) -- Minister without portfolio in the ministry of economic growth and job creation, Daryl Vaz, says Jamaica stands to benefit significantly from the establishment of an international financial services centre. “The economic opportunities… cannot be overstated...

Marketing Strategies Today: The latest live video tips and how to make the best out of live streaming

April 10, 2017
Marketing Strategies Today: The latest live video tips and how to make the best out of live streaming Live streaming has taken over the marketing industry, and it is not going away anytime soon. Many companies that want to outdo their competition have embraced this strategy. Since a live video creates an interactive form of marketing, any business that wants to prosper should take advantage of it.

Call for foreign investment belied by Grenada government actions

April 8, 2017
Call for foreign investment belied by Grenada government actions ST GEORGE’S, Grenada -- Speaking at a recent Organisation of Eastern Caribbean States (OECS) Economic Growth Forum, held in Grenada, minister for economic development Oliver Joseph said his government should offer incentives to the private sector and seek to attract foreign direct investment.

Antigua-Barbuda strongly objects to being listed as a tax haven by Illinois

April 7, 2017
Antigua-Barbuda strongly objects to being listed as a tax haven by Illinois ST JOHN’S, Antigua -- Antigua and Barbuda on Wednesday registered strong objections with the US state of Illinois, which has introduced legislation listing Antigua and Barbuda and ten Caribbean Community (CARICOM) countries along with six other Caribbean jurisdictions as tax havens.

Suriname Islamic bank selects Kuwaiti technology partner

April 7, 2017
Suriname Islamic bank selects Kuwaiti technology partner KUWAIT CITY, Kuwait -- Suriname-based Trustbank is one step closer to open its doors to customers interested in Islamic banking products after it signed a new licensing deal with the Kuwait based Islamic software vendor, Path Solutions, to implement Islamic Banking and Investment System...

BVI financial services increase transparency and efficiency

April 7, 2017
BVI financial services increase transparency and efficiency HONG KONG -- “The British Virgin Islands (BVI) has continued to take steps towards increasing the level of its transparency as well as enhance international cooperation capabilities and efficiency,” Leon Wheatley, Asia representative of the BVI’s Financial Services Commission, told the...

Marketing Strategies Today: Six surefire ways to improve client retention with social media

April 3, 2017
Marketing Strategies Today: Six surefire ways to improve client retention with social media If you own a business, one of the primary goals you are driven by is to get more customers and retain the existing ones. And guess what? One of the best ways to do this is by using social media. In case you’re wondering how to use social media effectively for client retention, here’s a detailed...

People and partnership needed to keep Caribbean competitive, says CHTA head

March 29, 2017
People and partnership needed to keep Caribbean competitive, says CHTA head ST THOMAS, USVI -- The head of the Caribbean Hotel and Tourism Association (CHTA) has called on the region to work together to ensure the Caribbean remains one of the world's leading destinations. Delivering the keynote at the annual general meeting of the US Virgin Islands...

Stakeholders discuss way forward for regional sugar industry

March 28, 2017
Stakeholders discuss way forward for regional sugar industry KINGSTON, Jamaica -- The ability of sugar industry in the region to survive after the removal of production quotas in the European Union (EU) on 30 September, 2017, will depend on improved competitiveness and pragmatic diversification options, according to a Caribbean Community (CARICOM)...

Cuba's special development zone attracts first Portuguese investment

March 27, 2017
Cuba's special development zone attracts first Portuguese investment HAVANA, Cuba (ACN) -- A 5.6 million Euro construction and engineering project will be the first Portuguese investment action at the special development zone in the western Cuban harbour of Mariel. The project, with 100 percent Portuguese capital by the company called Engimov Caribe SA...

Hydroponic solar greenhouses promote food security in the Caribbean

March 27, 2017
Hydroponic solar greenhouses promote food security in the Caribbean WESTPORT, USA -- Connecticut-based Alquimi Renewables has formalized an exclusive long term licensing agreement with engineering firm Megalo Solutions Inc., of Phoenix, Arizona, to supply and construct off-grid hydroponic solar greenhouses, which will promote food security throughout...

Marketing Strategies Today: How to reach more eyeballs with Facebook

March 27, 2017
Marketing Strategies Today: How to reach more eyeballs with Facebook When looking at a Facebook Page Insight, the statistics such as Page Likes, engagement and post reach might draw your attention. As a result, you will end up forgetting about your primary goal, which should be turning people into customers. Facebook is a better way of reaching more target...

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