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Jamaica tourism earns US$2 billion

September 1, 2017
Jamaica tourism earns US$2 billion KINGSTON, Jamaica -- Jamaica’s minister of tourism, Edmund Bartlett, has disclosed that the country earned a record US$2 billion during the first eight months of this calendar year from 2.8 million visitors. The figure represents an increase of 8.3 percent in gross foreign exchange earnings than the...

Bahamas avoids ratings downgrade

August 28, 2017
Bahamas avoids ratings downgrade NASSAU, Bahamas -- International credit ratings agency Moody’s has spared The Bahamas another downgrade, confirming the country’s Baa3 rating on Friday. However, the ratings giant has changed the country’s economic outlook from stable to negative. In its latest report, Moody’s said the...

Marketing Strategies Today: Video Marketing: How to be a great interviewer

August 28, 2017
Marketing Strategies Today: Video Marketing: How to be a great interviewer People are fond of watching television talk shows. People are fond of seeing television hosts interview very important and famous guests. People just enjoy learning about their favorite famous people's lives. These are just some of the hobbies people like you and me are fond of. There are times...

New OECD report rates Cayman Islands as 'largely compliant' on tax information exchange

August 25, 2017
New OECD report rates Cayman Islands as 'largely compliant' on tax information exchange GEORGE TOWN, Cayman Islands -- A new peer review report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the Cayman Islands as “largely compliant” with the international standard – the same rating as Canada, Germany and Australia.

Bahamas government eyes court action against utility management company

August 24, 2017
Bahamas government eyes court action against utility management company NASSAU, Bahamas -- A legal battle could be looming between the Bahamas government and the US-based PowerSecure, which manages Bahamas Power and Light (BPL). The government intends to take legal action against PowerSecure if certain matters are not addressed within 30 days, including...

EC dollar stable, secure, says ECCB

August 23, 2017
EC dollar stable, secure, says ECCB BASSETERRE, St Kitts (WINN) -- The Eastern Caribbean Central Bank (ECCB) has given assurances that the EC dollar remains stable and that Eastern Caribbean banknotes are protected by the various security features of the notes. Deputy director of the Currency Management Department...

NIA to establish small business development centre; boost small business sector

August 23, 2017
NIA to establish small business development centre; boost small business sector CHARLESTOWN, Nevis (NIA) -- The ministry of finance in the Nevis Island Administration (NIA), through the Small Enterprise Development Unit (SEDU), is seeking to establish a small business development centre to boost the small business sector on the island. Colin Dore, permanent secretary...

CDB introduces Cultural and Creative Industries Innovation Fund at CARIFESTA

August 23, 2017
CDB introduces Cultural and Creative Industries Innovation Fund at CARIFESTA BRIDGETOWN, Barbados -- Building on the recent announcement of its provision of initial capitalisation for the Cultural and Creative Industries Innovation Fund (CIIF), the Caribbean Development Bank (CDB) recently introduced the CIIF to approximately 100 cultural practitioners...

Dominica establishes EC$15 million loan facility for manufacturing sector

August 22, 2017
Dominica establishes EC$15 million loan facility for manufacturing sector ROSEAU, Dominica -- Dominica's government has agreed to establish an EC$15 million (US$5.5 million) special loan facility to meet the needs of the manufacturing sector. The announcement was made by prime minister and minister for finance, Roosevelt Skerrit, during the recent 2017/2018...

Canadian company to take over management of Antigua resort

August 21, 2017
Canadian company to take over management of Antigua resort ST JOHN’S, Antigua -- Blue Diamond Resorts, the Caribbean's fastest-growing hotel company, will be taking over the management and operation of Antigua's largest all-inclusive resort, the 464-room Jolly Beach Resort & Spa, beginning September 1, 2017. "We look forward to bringing our...

Asset management firm agrees to produce files of US taxpayers with offshore accounts

August 18, 2017
Asset management firm agrees to produce files of US taxpayers with offshore accounts NEW YORK, USA -- Asset management firm Prime Partners SA has entered into a non-prosecution agreement (NPA) with the US Attorney’s Office for the Southern District of New York and agreed to pay $5 million to the United States for assisting US taxpayer-clients in opening and maintaining...

Why is the biggest sugar mill in Western Cuba economically and environmentally inefficient?

August 18, 2017
Why is the biggest sugar mill in Western Cuba economically and environmentally inefficient? In October 2002, the Cuban government’s decision to restructure the sugar industry and shut down all factories that were unable to produce sugar at a cost of 4 cents a pound or less was made official. Before then, the Héctor Molina Agro-Industrial Complex, in the western province of Mayabeque...

Application submitted for first casino licence in Bermuda

August 11, 2017
Application submitted for first casino licence in Bermuda HAMILTON, Bermuda -- Century Casinos, Inc. has submitted a licence application for a casino at the Hamilton Princess Hotel & Beach Club in Hamilton, Bermuda, jointly with the company that owns the property, believed to be the first such application for a casino licence in Bermuda at this time.

Will Trump's presidency impact the Caribbean?

August 11, 2017
Will Trump's presidency impact the Caribbean? DUBLIN, Ireland -- Donald Trump has been no stranger to controversy since he was elected in 2016. His mannerisms, volatility and divisive policies have come to shape people’s view of him as a wildcard and potential threat to the global status quo. America is undoubtedly one of the most powerful...

Antigua-Barbuda and Sandals trade barbs

August 11, 2017
Antigua-Barbuda and Sandals trade barbs ST JOHN’S, Antigua -- The impending three-month closure of the Sandals resort in Antigua has resulted in a flurry of accusations and legislation, with the latest salvo taking the form of a statement by Sandals on Thursday accusing the government of Antigua and Barbuda of intimidation and...

Caribbean Export brings regional designers to CARIFESTA XIII

August 11, 2017
Caribbean Export brings regional designers to CARIFESTA XIII BRIDGETOWN, Barbados -- At this year’s CARIFESTA XIII hosted in Barbados, the Caribbean Export Development Agency (Caribbean Export) will be facilitating the participation of designers and artisans from across CARIFORUM within their Design Caribbean and Caribbean Essence export promotion...

Bahamas engages new agency to promote travel to the islands

August 11, 2017
Bahamas engages new agency to promote travel to the islands NEW YORK, USA -- Weber Shandwick, a leading global communications and engagement firms, has been chosen by the Bahamas ministry of tourism to provide communications support in the US and Canada, as well as project work in the UK and Latin America. In May of this year, Dionisio James...

Self-employment licence freeze is only temporary, says Cuban minister

August 10, 2017
Self-employment licence freeze is only temporary, says Cuban minister HAVANA, Cuba (ACN) -- The recent freezing by Cuban authorities of a large group of new self-employment licenses will not exceed six months, which is the period required for an ongoing review process of the performance of this sector. In statement to Cuban television, first deputy labour and social...

Marketing Strategies Today: How to profit with a Facebook Live show

August 7, 2017
Marketing Strategies Today: How to profit with a Facebook Live show The live streaming industry has seen tremendous growth in the past few years. Facebook Live show, the latest entrant, has fast become a major marketing tool for many small businesses. People can now engage fans in real time and create greater brand awareness while making money in the process.

Why are commodities so volatile?

August 2, 2017
Why are commodities so volatile? Investing in commodities offers a great opportunity to diversify trading portfolios. The high level of volatility means that large profits can be made from buying and selling many different types of commodity, from oil and fuel to food and drinks. In order to be successful when investing in such things, you will...

ECLAC discusses strategies to support regional artisans in the art and craft sector

August 1, 2017
ECLAC discusses strategies to support regional artisans in the art and craft sector PORT OF SPAIN, Trinidad -- Strengthening synergies between the tourism and art and craft sectors is one of the keys to bolstering incomes from Caribbean tourists, while supporting local artisans. This was one of the observations made at an expert group meeting held on 26 July 2017 at the...

Marketing Strategies Today: Six keys to know about chatbots

July 31, 2017
Marketing Strategies Today: Six keys to know about chatbots Have you ever wondered whether Messenger chatbots could be appropriate for your business? Would you wish to learn how to build such a chatbot? If yes, then this article will be invaluable to you. In this issue, we give an in-depth explanation of chatbots including the development of chatbots

CDB helping Development Bank of Jamaica to manage environmental, social risks

July 28, 2017
CDB helping Development Bank of Jamaica to manage environmental, social risks BRIDGETOWN, Barbados -- For investors, carbon output, ethical supply chains, and renewable energy and energy efficiency are emerging sustainability issues that can have serious financial implications. Institutions with mandates for promoting private sector investment, such as the...

ECCU financial sector remains stable; improved performance expected to continue in 2017

July 27, 2017
ECCU financial sector remains stable; improved performance expected to continue in 2017 BASSETERRE, St Kitts -- The Monetary Council of the Eastern Caribbean Central Bank (ECCB) reported during its 88th meeting, held in Dominica on Friday, July 21, that the financial system of the Eastern Caribbean Currency Union (ECCU) remained stable for the year 2016, with improved performance...

BVI cabinet approves work permit exemptions for business visitors

July 26, 2017
BVI cabinet approves work permit exemptions for business visitors ROAD TOWN, BVI -- The British Virgin Islands government is moving proactively to initiate the changes necessary to facilitate more substance-based economic activity in the territory as part of the BVI Forward campaign. The Cabinet has approved the exemption for work permits under the Labour Code...

Possible 2017 payout for ECCU British American policyholders

July 24, 2017
Possible 2017 payout for ECCU British American policyholders BASSETERRE, St Kitts (WINN) -- Regional policyholders of the British American Insurance Company Limited (BAICO) may be one step closer to receiving a payout, eight years after the company collapsed. Close to 4,000 individuals and businesses in St. Kitts and Nevis were among the many...

Antigua-Barbuda and St Kitts-Nevis join OAS initiative on small business development centres

July 24, 2017
Antigua-Barbuda and St Kitts-Nevis join OAS initiative on small business development centres WASHINGTON, USA -- The governments of Antigua and Barbuda and St Kitts and Nevis on Friday signed a memorandum of understanding with the Organization of Americans States (OAS) for the implementation of a project for the development of the Small Business Development Centre...

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