News

FirstCaribbean International Bank co-leads US$100m bond issue for the Bahamas - FirstCaribbean International Bank, via its Capital Markets Unit, has successfully completed a US$100 million, 30-year bond issue for The Bahamas.  More >

Plan to reduce cost of doing business in Jamaica - The Bruce Golding administration is moving to reduce the cost of doing business in Jamaica.  More >

Guyana gets US$32.9 million for agriculture, power sector projects - The Inter-American Development Bank (IDB) and the Guyana government have reached agreement on a multi-million dollar aid plan to improve the country's agriculture and power sectors.  More >

Telecommunications company enters Caribbean market - Telecommunications company, 21st Century Telecoms is moving to set up in the Caribbean and has signed a Memorandum of Understanding (MOU) with Nevis authorities to start up its regional operations in that island.  More >

Nevis to put legislation in place to govern geothermal energy - With renewable energy to become a reality in Nevis, the Nevis Island Administration (NIA) has embarked upon putting the legislative legal framework in place to govern the area of renewable energy to be adopted by the NIA. Legal Advisor to the NIA Patrice  More >

Guyana signs US$32.9 million loan agreement with IDB - Minister of Finance Dr Ashni Singh and President of the Inter-American Development Bank (IDB), Luis Alberto Moreno on Sunday in Miami signed two agreements valued at US$32.9 million to aid Guyana's continuing quest to improve the agriculture and power sec  More >

South Korea bids to increase trade with the Dominican Republic - South Korea’s ambassador Lin Byung Taik has reported that trade between South Korea and the Dominican Republic has started to grow and amounted to more than US$250 million in the last year.  More >

Bermuda in deal with New York Mets to boost tourism - The Bermuda government has struck a deal with one of the United States' biggest sports franchises to boost tourist arrivals to that Caribbean island.  More >

Authorities launch formal investigation into Suriname plane crash - An official investigation has been launched into the cause of Thursday's plane crash in Suriname, with the establishment of a special investigation commission by prosecutor general Subhas Punwasi. The commission comprises aviation and forensic experts, po  More >

Guyana gets more money for sugar industry - The Guyana government has received more financial support form the European Union to support its National Action Plan for the country's sugar industry.  More >

New wireless telecom network launches in the Dominican Republic - Trilogy International Partners, an American holding company which invests in wireless telecommunication operations outside the United States, on Thursday announced the launch of its new telecommunications company in the Dominican Republic, VIVA.  More >

Regional entrepreneurs must brand themselves, says Jamaican minister - Agriculture Minister, Dr Christopher Tufton has said that Jamaican and regional entrepreneurs must position and brand themselves as significant business players, to maintain viability and sustainability in the global marketplace.  More >

Strong turnout of Caribbean tourism investors expected in Trinidad & Tobago - Trinidad: Trinidad and Tobago will be at the heart of Caribbean tourism investment activity in May when it hosts the 12th Annual Caribbean Hotel and Tourism Investment Conference (CHTIC) at the brand new Hyatt Regency Trinidad Hotel and Conference Centre.  More >

Barbadian company takes majority stake in St. Lucian business - Barbadian company Goddard Enterprises Limited (GEL) has taken controlling interest in one of St. Lucia's largest conglomerates and oldest businesses, Minvielle & Chastanet Limited (M&C).  More >

IMF says St. Kitts public debt too high - The International Monetary Fund (IMF) says the St. Kitts and Nevis government is doing a good job strengthening the country's economic performance, but public debt is still way too high.  More >

Trinidad and Tobago to lead Caribbean tourism growth - Trinidad and Tobago's tourism sector is expected to experience the most growth in the Caribbean this year.  More >

St. Kits has focused on agriculture - The government of St. Kitts and Nevis says it is stepping up a land distribution programme to encourage more people into food production.  More >

Trinidad bank is sold for US$2.2 billion - Local Royal Bank of Trinidad and Tobago (RBTT has been sold to the Royal Bank of Canada. The deal was sealed on Wednesday even as a large group of shareholders with smaller shareholdingss voted against the sale of the bank.  More >

Investor buys Guyana forest's rain and carbon - The move is a novel twist in an investor frenzy to make money from the prospect of climate change that has also seen businesses snap up permits to emit greenhouse gases and invest in low carbon-emitting technologies.  More >

Bahamas plans to sell $100 million of bonds - The securities may price to yield 275 basis points more than US Treasuries of similar maturity, said the person, who declined to be identified because terms aren't set.  More >