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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...

Antigua-Barbuda hotel stakeholders impressed with tourism marketing strategy

July 22, 2017
Antigua-Barbuda hotel stakeholders impressed with tourism marketing strategy ST JOHN’S, Antigua -- The marketing strategies for Antigua and Barbuda’s main source markets in the USA, UK and Europe, Caribbean and Canada, were scrutinised by local stakeholders at a public/private sector market consultation hosted by Antigua and Barbuda’s ministry of tourism and and the Antigua and...

Winair flying towards a bright future

July 19, 2017
Winair flying towards a bright future PHILIPSBURG, St Maarten -- The Winair shareholders from St Maarten and the Netherlands attended the annual general meeting on July 12, 2017, to receive the managing and supervisory boards report on the company’s business and activities for the fiscal year 2016, and to present the audited...

Expansion of private sector to continue in Cuba

July 18, 2017
Expansion of private sector to continue in Cuba HAVANA, Cuba (ACN) -- Cuban President Raul Castro said on Friday in Havana that the country will continue developing the self-employment sector and experiment with non-agricultural and animal cooperatives. During the closing of the plenary session of the Cuban Parliament, Castro told the deputies...

Regional developer aims to make a difference through CSR agenda

July 17, 2017
Regional developer aims to make a difference through CSR agenda DUBAI, UAE -- Leading regional resort developer Range Developments has announced the formal launch of its corporate and social responsibility (CSR) program. It will focus its efforts on four main areas: 1. Children 2. Family 3. Entrepreneurs 4. Communities. One of the foremost developers of luxury...

Drought affecting future sugar cane harvest in Cuba

July 17, 2017
Drought affecting future sugar cane harvest in Cuba SANTA CLARA, Cuba (ACN) -- The drought that has affected Cuba since 2015 is delaying the sowing time of sugar cane in Villa Clara province, especially in areas located in the north of the province, because it impedes irrigation of the soil destined for this crop. Andres Duran Fundora, the provincial...

Marketing Strategies Today: How to use images

July 17, 2017
Marketing Strategies Today: How to use images When you want to add images to your marketing it is very important to make sure that you are not violating copyrights. That can be done by making sure that you are able to learn all of the information that will ensure that you are going to protect yourself and that means that you want to make sure that...

CDB signs MOU with Export-Import Bank of China

July 15, 2017
CDB signs MOU with Export-Import Bank of China BRIDGETOWN, Barbados -- The Caribbean Development Bank (CDB) and the Export-Import (EXIM) Bank of China have signed a memorandum of understanding (MOU), which will allow both parties to discuss opportunities for cooperation and coordination in CDB’s borrowing member countries (BMCs).

CARIFORUM firms supported in leveraging the EPA

July 15, 2017
CARIFORUM firms supported in leveraging the EPA PORT OF SPAIN, Trinidad -- Supporting CARIFORUM firms to leverage the CARIFORUM-EU Economic Partnership Agreement (EPA) is at the forefront of the Caribbean Export Development Agency’s work programme as it implements the 11th EDF Regional Private Sector Development Programme.

Cuban tourism grows 23 percent in first half of 2017

July 15, 2017
Cuban tourism grows 23 percent in first half of 2017 HAVANA, Cuba (ACN) -- Cuban minister of tourism Manuel Marrero has reported that, in the first six months of 2017, almost 2.7 million tourists visited the island, for a 23.2 percent growth compared to last year. Marrero said Canada, the largest source market of tourists for Cuba, is recovering its numbers.

Use of Chinese currency could help safeguard region's access to global finance

July 14, 2017
Use of Chinese currency could help safeguard region's access to global finance BRIDGETOWN, Barbados -- As global financial institutions continue to withdraw banking services from the region, the Chinese renminbi could help to safeguard the region’s access to global financial services. This was one of the topics explored at a conference hosted by Caribbean Development Bank.

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