August 19, 2022 Education has become the foundation of a prosperous life. People from all over the globe strive to widen their horizons and open doors to opportunities through pursuing…
Category: CARIBBEAN BUSINESS AND FINANCE
UnionPay Acceptance Enabled in the Dominican Republic
August 19, 2022 UnionPay International (UPI) today announced its partnership with Cardnet, the largest acquirer in the Dominican Republic, to enable UnionPay acceptance at all Cardnet merchants. This is the first…
A Bahamian entrepreneur sets eyes on wider Caribbean
By: Staff Writer August 16, 2022 A female Bahamian entrepreneur based in St Louis is eyeing Caribbean expansion as the market is “untapped” Candera Thompson, chief executive officer of Bask…
RESTRICTING PROCUREMENT ON SERVICE SECTOR NEGATIVELY IMPACTS LOCAL CONTENT
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 16, 2022 TT Energy Chamber shares latest findings Restricting the ability of energy sector operators to procure goods and services to locally owned companies will…
CDB GEARS UP FOR 2023 ANNUAL MEETING IN ST.LUCIA
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 16, 2022 ‘Marshalling Development Finance’ theme looks to pivot MVI measures As St.Lucia assumes the chair of the CDB Board of Governors ahead of its…
Dukharan: Caribbean Economic Report, August 2022
August 16, 2022 The Dominican Republic surpasses 2019 tourism levels in July, aging populations challenge Cayman and Barbados, major fire in Cuba poses new economic difficulties, the JMD and DOP…
TOUCHSTONE EXPLORATION GETS EIA GREEN LIGHT, SHARES Q2 FISCAL REPORT
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 12, 2022 Onshore producers of oil and gas in Trinidad and Tobago, Touchstone Exploration, says it is closer to getting the official clearance for further…
TRINIDAD AND TOBAGO GETS FIRST DIGITAL CURRENCY
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 12, 2022 The Central Bank of Trinidad and Tobago gave provisions to PayWise Limited to operate as a digital currency issuer, with it set to…
Kingdom of the Netherlands-Curaçao and Sint Maarten: 2022 Article IV Consultation Discussions-Press Release; and Staff Report
August 12, 2022 The economies of Curaçao and Sint Maarten are recovering from the pandemic but facing multiple challenges, including spillovers from the war in Ukraine. Curaçao was in a…
Investment manager convicted over $121M Cayman fund
Reporting by Kirstin Ridley; Editing by Emelia Sithole-Matarise, Reuters August 12, 2022 An investment manager of a collapsed 100-million-pound ($121 million) Cayman Islands-based legal financing fund was on Wednesday convicted…
CIMA Unveils Commemorative Coin for Queen’s Platinum Jubilee
August 12, 2022 In collaboration with the Scottsdale Mint, the Cayman Islands Monetary Authority (“CIMA”) is pleased to announce the unveiling of our commemorative coin in celebration of the Queen’s…
IDB INVEST CALLS FOR MORE DEVELOPED AND INCLUSIVE FINANCIAL SYSTEMS IN CARIBBEAN
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 9, 2022 A report compiled by economists at the Inter-American Development Bank (IDB) says that there are many impediments when it comes to accessing finance…