By: Staff Writer May 10, 2022 The executive director of the Caribbean Export Development Agency (CEDA) said that the Caribbean is at a critical crossroads in building resilient economies and sustainable…
Category: CARIBBEAN BUSINESS AND FINANCE
The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
May 10, 2022 The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy…
The IIMF: THE BAHAMAS, SELECTED ISSUES
May 10, 2022 The Bahamas introduced a rules-based fiscal framework with a budget balance operational target and debt anchor in 2018. Since then, the pandemic and Hurricane Dorian have significantly…
Grenada: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada
May 10, 2022 Grenada’s economy was hit hard by the pandemic, with a decline in real output of 14 percent in 2020 from both a collapse of tourism-related activities and…
Jamaica’s SEPROD buys over TT distribution company A.S.Bryden
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com May 6, 2022 Jamaican based company, Seprod Limited, will acquire Trinidad and Tobago owned distribution company A.S. Bryden and Sons. The company announced an agreement had…
Transportation Partners, Trailer Bridge and ATS International, Team up to Raise $100,000 for Habitat for Humanity of Puerto Rico
May 6, 2022 Trailer Bridge, Inc. and ATS International today announced their Rally por Puerto Rico Charity Golf Tournament raised $100,000 for Habitat for Humanity of Puerto Rico supporting the organization’s efforts to create…
ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER 2022 RESULTS AND PROVIDES A BUSINESS UPDATE
May 6, 2022 Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 net loss of $(1.2) billion and loss per share of $(4.58). The Group continues to make strides in its healthy return…
Guyana investments yield a growing source of energy for the world
May 6, 2022 ExxonMobil recently started producing oil from our second offshore development in Guyana, bringing the country’s capacity to more than 340,000 barrels a day, up from zero three…
Opportunities to Invest in the Caribbean (Dubai, CIF22): Interview from Ms. Annette Mark, President of the Caribbean Association of Investment Promotion Agencies
May 3, 2022 The Caribbean Association of Investment Promotion Agencies (CAIPA) promotes investment in the Caribbean. CAIPA facilitates the development of studies, resources, and guides that can be used by…