September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…
Category: BUSINESS AND FINANCE
CDB Strengthening Saint Lucia’s Private Sector with Support to MSMEs
September 30, 2022 An estimated USD3.7 million has been committed by the Caribbean Development Bank (CDB) to support Saint Lucia’s Micro, Small & Medium Enterprises (MSMEs). Under a new initiative,…
TRINIS TO FACE MORE AT PUMPS, 2023 BUDGET PEGGED AT $57.68B
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 27, 2022 While it came as no surprise to many locals in Trinidad and Tobago, the price they face at the pumps this week, has…
Dominican Republic Takes Tentative Measures against Haiti Gangs
September 27, 2022 Officials in the Dominican Republic have made a series of moves this year to try and prevent a spillover of Haitian organized crime, yet they do not…
DUKHARAN: ONE WISH FOR T&T FISCAL BUDGET FY2022/2023 – PLEASE, MAKE IT MAKE SENSE
September 27, 2022 A top regional economist lays out the Trinidad and Tobago fiscal budget 2022/2023, begging policy makers to make sense out of their decisions. Marla Dukharan, in her…
Belize to Attract More Foreign Investment and Streamline Exports with IDB Support
September 23, 2022 The Inter-American Development Bank has approved an US$8 million loan to promote Belize´s foreign direct investment and trade performance through a series of measures aimed at streamlining…
The IDB wants PPI for growth potential firms!
By: Staff Writer September 20, 2022 The Inter-American Development Bank, in a recently published Working Group Report, said that firms around the region that rebounded more quickly from the COVID-19…
New National Agro-processing Facility for Dominica
September 20, 2022 With the support of the European Union and the Caribbean Development Bank, Dominica is now working to establish a new national agro-processing facility that will strengthen the…
Mottley: Caribbean at risk of becoming financial pariahs!
By: Staff Writer September 16, 2022 The Prime Minister of Barbados lays case to US government on the importance of correspondent banking to the Caribbean and it becoming “financial pariahs,”…
SCOTIABANK TT REPORTS YEAR TO DATE PROFITS OF $521M
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 16, 2022 Scotiabank Trinidad and Tobago Limited realised Income after Tax of $521m for the nine months ended July 31, 2022, marking an increase of…
Sorel is the Most Awarded Liqueur of 2022
September 16, 2022 Sorel, the hibiscus liqueur inspired by sorrel, the ancestral Afro-Caribbean beverage, is the most-awarded liqueur of 2022. Sorel returned to shelves in October 2021 with the support of Fawn Weaver and…