Carib Scope

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  • Reis says local stock exchange undervaluing Banks DIH shares, Ali promises reform this year

    Reis says local stock exchange undervaluing Banks DIH shares, Ali promises reform this year

    Guyana’s financial markets are facing serious credibility challenges following explosive allegations by Banks DIH Chairman Clifford Reis, who claims the local stock exchange is dramatically undervaluing his company’s shares while showing preferential treatment toward competitors.

    Speaking at the commissioning of the company’s new GY$13.7 billion malt bottling facility in Thirst Park, Reis presented compelling financial data suggesting systemic market failures. Despite Banks DIH’s shares trading at GY$155, the chairman asserted their true value should range between GY$400-450 based on performance metrics that significantly outpace competitors.

    The controversy centers around glaring disparities: while a competitor’s shares trade at GY$200, Banks DIH demonstrates superior financial health with revenues surging 45% and profits increasing 54% between 2021-2025. The company reported a staggering GY$10.5 billion net profit—nearly double the competitor’s GY$5.5 billion—while maintaining a zero debt-equity ratio and funding its massive new plant entirely through internal cash flow.

    Reis raised alarming questions about potential conflicts of interest, demanding transparency regarding broker company shareholders and their valuation methodologies. “Any reasonable person will consider that the stock market in Guyana cannot be taken seriously,” he stated, highlighting how a mere GY$1.00 price drop per share could wipe out GY$849 million in market capitalization.

    The situation has reached the highest levels of government, with President Irfaan Ali—a former Banks DIH employee—pledging comprehensive stock market reforms. The President confirmed ongoing consultations would lead to modernization of Guyana’s financial architecture, including establishing a junior stocks exchange and ensuring fair valuation mechanisms that properly reflect company growth and asset values.

    The newly commissioned facility itself represents a significant manufacturing advancement, capable of producing 400,000 beer cases monthly on single shift operations, with storage capacity for 900,000 cases, positioning Banks DIH for continued market dominance despite the current valuation controversies.

  • Politic : Me Jean Henry Céant opposes the mediation of Mgr Dumas (letter)

    Politic : Me Jean Henry Céant opposes the mediation of Mgr Dumas (letter)

    In a significant development within Haiti’s ongoing political turmoil, former Prime Minister Jean Henry Céant has formally opposed the mediation efforts proposed by Bishop Pierre André Dumas. The controversy emerged after Bishop Dumas, Vice-President of the Haitian Episcopal Conference and Bishop of Anse-à-Veau-Miragoâne, agreed to lead mediation efforts to prevent potential chaos following the Transitional Council’s mandate expiration on February 7, 2026.

    Céant, who served as Haiti’s acting Prime Minister and currently faces Canadian sanctions, expressed his position through a strongly worded letter dated January 11, 2026. The document, addressed directly to Bishop Dumas and copied to multiple Haitian institutions, outlines Céant’s profound concerns regarding the bishop’s suitability as a neutral mediator.

    The former Prime Minister, identifying himself as a practicing Catholic and former Economic Advisor to the Catholic Church, expressed astonishment and dismay at the bishop’s involvement. Céant referenced a previous incident on March 9, 2024, when Bishop Dumas co-signed a document condemning sanctioned citizens without prior trial, creating what Céant described as a ‘painful rupture’ within the Church community.

    While acknowledging the necessity of mediation in crisis situations, Céant questioned Bishop Dumas’ ability to maintain the neutrality, moral integrity, and detachment essential for credible mediation. The former leader suggested that the bishop’s past political positions effectively place him among stakeholders rather than as an impartial mediator.

    Céant’s letter appeals to members of the Transitional Council to reject the mediation proposal, characterizing it as exclusionary and potentially damaging to institutional credibility. He urged Bishop Dumas to focus instead on his spiritual role as a pastor and man of prayer rather than engaging in political mediation.

    The correspondence concludes with a call for divine guidance during Haiti’s troubled times, maintaining a tone of respect while expressing firm opposition to the bishop’s proposed involvement in the country’s political resolution process.

  • Spanish Ambassador highlights FITUR as key platform for promoting Dominican tourism

    Spanish Ambassador highlights FITUR as key platform for promoting Dominican tourism

    The Dominican Republic is poised to leverage the upcoming International Tourism Fair (FITUR) in Madrid as a pivotal platform for global tourism promotion, according to Spanish Ambassador Lorea Arribalzaga. Scheduled for January 21-25 at IFEMA Madrid, the event will enable the Caribbean nation to demonstrate its significant advancements, diverse attractions, and enhanced competitiveness as a premier international destination. The ambassador emphasized the strategic importance of FITUR for facilitating knowledge exchange and forging strategic partnerships, with substantial institutional support provided by the Spanish Agency for International Development Cooperation (AECID) and Madrid City Council.

    Ambassador Arribalzaga further noted the exceptionally robust bilateral relations between Spain and the Dominican Republic, characterizing the diplomatic ties as strongly cooperative and conducive to joint initiatives. This strengthened partnership creates fertile ground for expanded tourism collaboration and increased Spanish investment in the Dominican economy, with FITUR serving as a crucial convergence point for projects promising both economic growth and social development.

    The Dominican delegation, officially confirmed for FITUR 2026 and led by Tourism Minister David Collado, will prominently feature emerging destinations including Pedernales, Miches, and Punta Bergantín. Particular focus will be directed toward responsible and sustainable tourism development, especially in the Cabo Rojo region. Minister Collado’s agenda includes presenting progress on strategic tourism projects, introducing new hotel brands, and conducting high-level meetings with European tour operators, airline representatives, and potential investors. These efforts aim to consolidate the Dominican Republic’s position in the European market and reinforce its leadership status across Caribbean and Latin American tourism sectors.

  • National District collects over 4 million bottles in sixth “Plastics for Toys” event

    National District collects over 4 million bottles in sixth “Plastics for Toys” event

    Santo Domingo has achieved a remarkable environmental milestone with its latest “Plastics for Toys” initiative, gathering an impressive 4,023,865 plastic bottles in a single day. The event, meticulously organized by the National District Mayor’s Office, marks the sixth edition of this transformative program that has now surpassed 37 million bottles collected across all editions, including both “Plastics for Toys” and “Plastics for Schoolchildren” campaigns.

    Mayor Carolina Mejía emphasized the dual impact of the program, noting how it simultaneously generates environmental benefits while bringing joy to the community’s children. “This initiative represents our commitment to both environmental stewardship and social development,” Mejía stated during the event at the Municipal Palace. She particularly acknowledged the crucial role of private sector partners in sustaining the program’s success over multiple years.

    The recognition ceremony highlighted several key corporate supporters including Propagas, Banco Popular, Banreservas, Café Santo Domingo, and Banco BHD for their ongoing commitment to the city’s environmental goals. The event’s security and operational success was ensured by a deployment of more than 350 security and emergency personnel from various public and private institutions, creating a safe environment for all participants.

    This latest edition demonstrates the powerful synergy between municipal leadership and corporate social responsibility, establishing a replicable model for environmental education and waste management initiatives. The program’s continued growth positions it as the Dominican Republic’s most significant environmental awareness campaign, showcasing how public-private partnerships can effectively address both ecological challenges and community needs.

  • LHF Playoff D1 : All the results from the first day

    LHF Playoff D1 : All the results from the first day

    The Haitian Football League’s Men’s First Division championship playoffs commenced on January 11, 2026, delivering an electrifying opening day marked by decisive victories and intense regional rivalries across four critical matches.

    In the Northern conference bracket, Ouanaminthe FC demonstrated formidable prowess with a commanding 2-0 triumph over Racing FC at Parc Notre-Dame de Ouanaminthe. The match witnessed spectacular goals from Roobens Philogene (54th minute) and Louibenn Sinor (65th minute), securing their team’s dominant performance. Simultaneously, AS Capoise emerged victorious with a 2-1 win against Baltimore SC at Parc Levelt de Saint-Marc. Henry Saint Juste (46th minute) and Philistine Hornet (48th minute) scored rapid successive goals, while Baltimore’s sole point came from an unfortunate own goal by Stanley Volcin in the 54th minute.

    The Southern conference matches presented equally thrilling encounters. Violette AC secured a narrow 1-0 victory against Cavaly AS at Parc Gérard Christophe in Léogâne, with Fernando Ciceron scoring a remarkably early goal just four minutes into the match. In a closely contested battle at Land des Gabions in Cayes, Juventus FC and Racing CH concluded with a 1-1 draw. Mackenson Rosier put Racing CH ahead in the 35th minute, but St-Cyr Jeanson equalized for Juventus FC during the 62nd minute, resulting in a hard-fought stalemate.

    These inaugural playoff matches establish compelling narratives for the remainder of the championship series, setting the stage for heightened competition as teams advance through the brackets in pursuit of the coveted D1 title.

  • US Warns Americans to Leave Venezuela Immediately

    US Warns Americans to Leave Venezuela Immediately

    The United States Department of State has escalated its travel advisory for Venezuela to its highest level, issuing an unequivocal directive for all American citizens to depart the South American nation immediately. This urgent warning cites a perilous and rapidly deteriorating security environment, compounded by the risk of wrongful detention and the near-total collapse of the country’s healthcare infrastructure.

    The advisory underscores a constellation of critical threats facing U.S. nationals, including the high potential for arrest on unsubstantiated charges by Venezuelan authorities. The document highlights the severely limited capacity of the U.S. Embassy in Caracas to provide emergency consular services, leaving Americans without reliable support in crisis situations. This limitation is attributed to the reduced diplomatic presence following the 2019 withdrawal of most U.S. government personnel.

    Background context reveals this advisory occurs amidst protracted political turmoil and a severe economic crisis in Venezuela. Relations between the U.S. and the government of Nicolás Maduro remain intensely strained, characterized by extensive sanctions and non-recognition of his administration by Washington. The warning reflects broader geopolitical tensions in the region and serves as a significant indicator of the breakdown in bilateral diplomatic channels.

    The immediate implications are severe for any Americans choosing to remain, potentially facing extreme hardship without consular protection. This development also signals a likely further deterioration in U.S.-Venezuela relations, potentially foreshadowing more aggressive foreign policy measures. The advisory will undoubtedly impact humanitarian operations and any remaining commercial interests, effectively isolating Venezuela further from international engagement.

  • Frente Amplio and Alianza País condemn US actions against Venezuela at Plaza Bolívar event

    Frente Amplio and Alianza País condemn US actions against Venezuela at Plaza Bolívar event

    In a significant display of political solidarity, Dominican organizations Frente Amplio and Alianza País convened a powerful demonstration at Santo Domingo’s Plaza Bolívar on Sunday. The gathering served as a platform to vehemently condemn the United States’ recent actions against Venezuela, which participants characterized as a grave infringement on Venezuelan sovereignty and territorial integrity.

    The event featured a multifaceted program combining cultural expressions and political discourse. Attendees witnessed artistic performances honoring Latin American unity, followed by a solemn floral tribute at the monument to Simón Bolívar, the revered liberator of South American nations. The political dimension culminated with María Teresa Cabrera’s reading of a joint manifesto, later supplemented by closing arguments presented by Dr. Guillermo Moreno.

    Central to the organizations’ critique was the framework of international law established following both World Wars. They emphasized that this legal architecture represents humanity’s hard-won achievement toward ensuring peaceful coexistence among sovereign states while constraining powerful nations from employing force arbitrarily. The groups specifically denounced what they termed the ‘kidnapping’ of Venezuelan President Nicolás Maduro and National Deputy Cilia Flores, characterizing these actions as acts of warfare that demand immediate reversal.

    Beyond immediate concerns, the manifesto articulated a broader geopolitical analysis suggesting that Venezuela’s substantial natural resources represent the true motivation behind international aggression. This perspective framed current events as a resurgence of colonial-era practices in contemporary guise. The organizations forcefully rejected the concept of Latin America and the Caribbean serving as any power’s ‘backyard,’ drawing poignant parallels to the Dominican Republic’s own historical experiences with U.S. military interventions during 1916 and 1965.

    The concluding appeal emphasized preserving the region as a zone of peace while urging the Dominican government to consistently uphold constitutional principles of non-intervention in its foreign policy decisions.

  • Bestuurder aangehouden met drugs na vlucht bij politiecontrole

    Bestuurder aangehouden met drugs na vlucht bij politiecontrole

    In a significant law enforcement operation on Saturday, Moengo Station police successfully apprehended a suspect for alleged violations of the Netherlands’ Narcotics Law. The incident unfolded when authorities at the Stolkertsijver checkpoint reported that a driver operating a Toyota Vitz had refused vehicle inspection and fled at high speed toward Moengo.

    Acting swiftly on this intelligence, Moengo police established strategic positions along the East-West Connection roadway to intercept the suspect vehicle. According to Police Region East officials, the target vehicle was identified shortly thereafter, and the driver complied with police signals to stop.

    A comprehensive search of the automobile revealed a substantial quantity of illicit narcotics and associated drug paraphernalia concealed within the vehicle. The driver, identified by authorities as V.E.G., was immediately designated as a formal suspect and taken into custody.

    The suspect, along with all confiscated narcotics and related evidence, has been transferred to the Narcotics Division for further investigation. Following consultation with the Public Prosecutor’s Office, V.E.G. has been formally remanded into police custody pending further judicial proceedings.

  • Carnival Conquest launches adults-only cruises from Miami to Southern Caribbean

    Carnival Conquest launches adults-only cruises from Miami to Southern Caribbean

    Carnival Cruise Line has launched a new premium tourism product targeting mature travelers with its inaugural adults-only SEA (Sailings Exclusively for Adults) voyage. The Carnival Conquest departed Miami on January 5 with over 2,700 passengers aboard for a specialized twelve-day Southern and Eastern Caribbean itinerary exclusively for guests aged 21 and above.

    The innovative cruise concept represents a strategic shift for Carnival, traditionally known for family-friendly vacations, now targeting the lucrative casino enthusiast market. Accessible only through invitations from the Carnival Players Club loyalty program, these sailings feature expanded gaming facilities including additional blackjack tables and seventy-five slot machines positioned on the Promenade deck.

    The curated itinerary combines high-stakes entertainment with sophisticated port experiences across five Caribbean destinations. Passengers are exploring Saint Lucia’s iconic Pitons mountains, Barbados’ pristine beaches, Martinique’s renowned rum distilleries, St Maarten’s duty-free shopping districts, and St Thomas’ exceptional snorkeling sites.

    Onboard amenities include themed parties, bingo tournaments, and adults-only poolside gatherings designed to create a romantic tourism atmosphere. The extended voyage allows for deeper cultural immersion while providing substantial gambling opportunities unavailable on traditional family cruises.

    A subsequent thirteen-night SEA voyage is scheduled to depart from Miami on January 17, expanding the itinerary to include Bonaire’s marine parks and Aruba’s famous Eagle Beach. This longer journey enables passengers to experience catamaran sailing in Barbados and casino hopping in Aruba alongside the enhanced onboard gaming experience.

    The strategic focus on Southern Caribbean routes diversifies Miami’s cruise departure offerings while providing economic benefits to lesser-visited ports. The program strengthens island partnerships through dual port visits, increasing revenue from shore excursions including catamaran tours, zip-lining adventures in Saint Lucia, and visits to Harrison’s Cave in Barbados.

  • Dominica’s Creole & Culture Ambassador Leroy “Wadix” Charles honored at Haitian Music Awards (with video)

    Dominica’s Creole & Culture Ambassador Leroy “Wadix” Charles honored at Haitian Music Awards (with video)

    In a significant cross-cultural celebration, Ambassador Leroy ‘Wadix’ Charles, serving as Dominica’s official Creole & Culture Ambassador, was formally recognized at the esteemed Haitian Music Awards ceremony held on January 10, 2026. The prestigious honor acknowledges his decades-long dedication to fostering Haitian musical traditions and cultural expressions throughout the Caribbean region.

    The award ceremony, attended by prominent figures in Caribbean music and cultural diplomacy, highlighted Ambassador Charles’s exceptional work in building cultural bridges between Dominica and Haiti. His initiatives have included organizing collaborative music festivals, promoting Creole language preservation, and facilitating artistic exchanges that have enriched both nations’ cultural landscapes.

    This recognition marks a milestone in Caribbean cultural relations, demonstrating how artistic diplomacy can strengthen regional ties. Ambassador Charles’s approach has combined traditional musical preservation with contemporary interpretations, making Haitian cultural expressions more accessible to broader audiences while maintaining their authentic essence.

    The Haitian Music Awards committee specifically noted Charles’s innovative educational programs that have introduced Haitian musical heritage to new generations of Caribbean artists. His work has not only preserved important cultural traditions but has also created new opportunities for cultural exchange and economic development through the arts.

    This honor represents the growing importance of cultural ambassadors in promoting regional understanding and appreciation of diverse Caribbean traditions, setting a precedent for future cross-cultural collaborations within the region.