By: Staff Writer January 1, 2020 Grenada opposition party calls the handling of the power company by the government “reckless” fueled by “personal vendettas.” The National Democratic Congress (NDC) in…
Category: CARIBBEAN BUSINESS AND FINANCE
WRB forced to drop Grenada power company after court battle- Blames Government!
By: Staff Writer December 29, 2020 The Grenada government’s “unwillingness” to work together to keep Grenlec delivering consistent power to Grenadians has forced the Tampa based power company, WRB, to…
Shopping giant to open new warehouses in Jamaica and Guatemala by early 2022
By: Staff Writer December 29, 2020 Shopping giant and warehouse club is proceeding with construction of two new warehouses in Jamaica and Guatemala for a Spring 2022 opening. PriceSmart, Inc.,…
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement!
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement! By: Staff Writer December 25, 2020 Beaches Turks and Caicos, one of Sandals Resorts International’s resort brands has…
Marriot AC Hotels expands to Dominican Republic.
The world’s largest hotel chain, Marriott, together with investment firm EGI Business Group, adds to its growing portfolio in Latin America with the introduction of AC Punta Cana in the Spring of…
New $70m St Kitts solar plant is partnership, not takeover!
By: Staff Writer December 25, 2020 A new solar energy project for the St. Kitts and Nevis energy company, SKELEC, will not be a foreign takeover but rather is just…
US Congressman warns “catastrophic” if Bahamas drills for oil!
By: Staff Writer December 21, 2020 U.S. Representative warns Bahamian government to not allow Bahamas Petroleum Company (BPC) to drill for oil in Bahamian waters, citing fears of “catastrophic” impact…
Guyana to strengthen public policy response to the COVID-19 pandemic with IDB support
Guyana will strengthen its public policy and fiscal management response to the COVID-19 health and economic crisis with a US$34m loan from the Inter-American Development Bank (IDB). The operation, the first of a…
CariCRIS further lowers the ratings on Mystic Mountain Limited
Below is a release from Caribbean ratings agency CariCris. Further to our rating downgrade effected on July 21, 2020, Caribbean Information & Credit Rating Services Limited (CariCRIS), the region’s credit…
RBC is proud to work with IDB in $250M (TT) Trinidad mortgage scheme.
By: Staff Writer November 11, 2020 A senior RBC executive said that he is “proud” to help provide finance to Trinidad’s Home Mortgage Bank as a part of an Inter-American…