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…
Category: BUSINESS AND FINANCE
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…
What Consumers Want: The Rise and Rise of Speciality Foods
August 9, 2022 Speciality foods ranging from cocoa to coffee, sauces to blended seasonings, and rice to fragrant breads, are being snapped up by consumers eager for new food experiences…
Caribbean $120m data centre growth not surprising says Cloud provider!
By: Staff Writer August 5, 2022 A regional Cloud Services provider calls the growth in the Caribbean data centre markert unsurprising and because the market has converged over time, these…
NCB FINANCIAL REPORTS $18.6BN NET PROFIT OVER LAST NINE MONTHS
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 5, 2022 NCB Financial Group is reporting an unaudited consolidated net profit of $25.9bn for the nine months ended June 30th, representing a $12bn increase…
Signing of three grant agreements between the Government of Haiti and the World Bank
August 5, 2022 The Haitian Government, represented by the Minister of Economy and Finance, Michel Patrick Boisvert, and the Chief of Operations of the World Bank in Haiti, Laurent Msellati,…