April 16, 2021 The World Bank disbursed US$20m to support the Government of Saint Vincent and the Grenadines’ response to the crisis posed by the La Soufrière volcano eruption. The…
Category: BUSINESS AND FINANCE
International financier warns on cruise line frustration- 2021 economic impact for Caribbean to be “devastating.”
By: Staff Writer April 13, 2021 An international financier with experience with infrastructural projects in the Caribbean said that there is “no way” the cruise line industry will recover in…
Caribbean Export collaborates with Regional Coalition of Services Industries to Boost International Competitiveness of Services
By JoEllen Laryea April 13, 2021 As services industries and providers across the region learn to navigate the global pandemic, Caribbean Export Development Agency in collaboration with the Trinidad and…
The Imperative of Foreign Direct Investment for Caribbean Countries
April 13, 2021 Citizens of the Caribbean are fully aware of the challenges we face. They know that governments across the Region are financially stretched which has been further accentuated…
Diplomático Rum to Help Limit Food Waste in Markets Across the Country Thru New “Project Leftover” Sustainability Program
April 13, 2021 Diplomático Rum, a leader in the super-premium rum category, announced a pilot program focused on improving sustainability within the restaurant and bar industries while helping address the…
Televisa included in the 2021 Bloomberg Gender-Equality Index
April 9, 2021 Grupo Televisa, S.A.B. (“Televisa” or the “Company”) announced today that, for third consecutive year, it has been selected as one of only five Mexican companies to be…
RBC successfully completes sale of its Eastern Caribbean banking operations
April 6, 2021 Royal Bank of Canada (RY on TSX and NYSE) (“RBC”) announced that it has received the required approvals from local governments and from the Eastern Caribbean Central…
Grenada’s 2020 CIP Revenue Shattered Records, Real Estate Investment Up 106%
By: Christian NesheimApril 6, 2021 Grenada’s citizenship by investment program logged a fourth consecutive year of growth in 2020, breaking a number of records in the process: Overall program revenue…
SVG Resort revenue up 16% through DAGS
By: Staff Writer April 6, 2021 The Young Island Resort in St Vincent and the Grenadines got a big boost through the Caribbean Export Development Agency’s Direct Assistance Grant Scheme…
IDB Invest Mobilizes Financing to Expand Investments in Panama Logistics Infrastructure
April 6, 2021 IDB Invest, a member of the IDB Group, is mobilizing financing worth $80 million for the Ecuadorian company Corporación Favorita C.A., the largest self-service store chain in…
IDB Invest, Banco Popular Strengthen Foreign Trade in the Dominican Republic and Promote Green Finance
April 6, 2021 Banco Popular Dominicano joins IDB Invest’s Trade Finance Facilitation Program (TFFP) by opening a credit line for up to $50m. This line will allow Banco Popular to…
Another TT Methanol plant closes, Cites Natural Gas prices.
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com On April 1, many in the Trinidad and Tobago energy sector would wake up to the announcement that yet another plant closure was looming at the…