On November 1, local business advocacy group the Vereniging Surinaams Bedrijfsleven (VSB, or Surinamese Business Association) publicly outlined its formal feedback on the draft revised General Customs Law, pushing for more robust legal certainty, predictable administrative workflows, and unambiguous regulatory frameworks to support cross-border trade for local importers and exporters. While the association acknowledged that multiple proposals previously submitted by the private sector have already been integrated into the latest amended draft bill, it warned that several remaining clauses in the current text could trigger costly processing delays, inflated operational expenses, and pervasive regulatory uncertainty for trade operators across the country.
The VSB first presented its full set of positions on the proposed legislation during a consultative session with Suriname’s National Assembly on October 21, followed by a formal written submission of all its recommendations to the national parliament on October 26. The organization has repeatedly emphasized that the long-overdue modernization of Suriname’s customs legal framework is a critical priority, noting that a streamlined, efficient customs regime must strike a dual balance: strengthening government oversight of cross-border goods movement, while simultaneously accelerating cargo clearance, embedding full transparency in official decision-making, and cutting redundant red tape for businesses. The VSB argues these improvements are non-negotiable to boost the global competitiveness of Surinamese enterprises in regional and international markets.
The association noted that parliament has already addressed several key concerns raised in earlier feedback rounds: provisions defining rules for Surinamese goods origin have been clarified, digital administrative documentation has received formal legal recognition, and an additional notification requirement for the removal of bonded goods has been added to the draft text. Even with these positive revisions, however, the VSB flagged a series of unresolved bottlenecks that pose tangible risks to trade operations. These include overly broad discretionary powers granted to customs authorities that could be expanded further via subordinate implementing regulations, unaddressed gaps in the practical implementation of electronic customs declaration systems, lack of explicit clarity around associated fees and permit issuance protocols, and undefined standard operating procedures for container inspections and interventions under customs regulatory measures.
The VSB stressed that for local businesses to operate reliably, trade operators must have full advance visibility into all compliance obligations, associated costs, and step-by-step procedural requirements for cross-border shipments. Vague or unworkable regulatory clauses, the group warned, would disrupt the smooth flow of goods through ports and border crossings, drive up day-to-day operational costs for importers and exporters, and make long-term business planning for international trade activities far more difficult. The association reiterated that any final customs legislation must deliver a fair, balanced framework that enables effective government supervision and enforcement, without creating unnecessary, burdensome barriers for law-abiding enterprises that already comply with all existing trade rules. The VSB confirmed it will continue to closely monitor the ongoing parliamentary review process for the bill, and will advocate for a final legal framework that is not only legally unambiguous on paper, but also practical and feasible to implement in day-to-day trade operations.
分类: business
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VSB wil meer rechtszekerheid en duidelijke procedures in nieuwe Douanewet
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Cabo Rojo welcomes two cruise ships with nearly 5,800 passengers
In a landmark sign of the Dominican Republic’s expanding cruise sector, the newly operational Cabo Rojo cruise terminal in the southern province of Pedernales hosted two major international cruise liners on a recent Monday, disembarking roughly 5,771 leisure passengers alongside 2,264 dedicated crew members. The two visiting vessels were Royal Caribbean International’s *Independence of the Seas*, a large-scale adventure-focused cruise ship, and Holland America Line’s premium *Nieuw Amsterdam*, a vessel tailored for curated Caribbean travel experiences.
Dominican Republic Tourism Minister David Collado emphasized that the back-to-back arrivals underscore Pedernales’ rapidly rising profile as a high-priority stop on global Caribbean cruise itineraries, unlocking tangible, inclusive economic gains for local households through small tourism-linked enterprises ranging from guided shore excursions to family-run restaurants, local craft markets, and ground transportation services.
Across the entire island nation, five separate cruise ships docked at Dominican ports that same Monday, bringing a combined total of approximately 15,503 passengers and 6,421 crew members to coastal communities. National tourism authorities project that the country will log roughly 105 total cruise vessel calls over the course of November, with participation from every major global cruise operator including Royal Caribbean, Carnival, MSC Cruises, Norwegian Cruise Line, and Holland America Line.
The sharp uptick in vessel traffic at the Cabo Rojo terminal is a direct reflection of the port’s growing footprint on global cruise route maps, as well as the Dominican government’s deliberate multi-year strategy to reduce overreliance on the country’s long-established northern and eastern coastal tourism hotspots. Since the state-of-the-art terminal first launched operations in January 2024, it has steadily scaled its service capacity, opening up new revenue streams for local operators in the tour, hospitality, and artisan sectors that had previously been largely excluded from the country’s lucrative cruise economy. The broader Cabo Rojo development initiative sits at the core of the administration’s southern regional tourism master plan, designed to draw targeted foreign and domestic investment, create stable formal and informal local jobs, and spread the widely documented economic benefits of Dominican tourism far beyond the traditional resort zones that have long dominated the sector.
For full ongoing coverage of Dominican Republic’s evolving tourism industry, readers can access DominicanScope’s dedicated tourism reporting section.
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U.S. and China account for 60.4% of Dominican Republic imports in 2026
Santo Domingo – Official trade statistics released for the Dominican Republic reveal that the nation’s total merchandise imports reached a cumulative $24.44 billion over the first nine months of 2026, with its two largest bilateral trade partners, the United States and China, combining to make up 60.4% of all incoming goods purchases for the period. The U.S. retained its decades-long position as the Dominican Republic’s top import supplier, accounting for 42.1% of the total import value, while China held the second spot with a 18.4% share. Rounding out the top 10 key import sources are Spain, Mexico, Brazil, Germany, Colombia, Japan, Italy, and Argentina, a cohort that collectively represents 79.8% of all goods shipped into the Caribbean nation. Among these leading trade partners, Spain posted a notable 12.5% year-over-year surge in exports to the Dominican Republic, fueled by robust local demand for petroleum derivatives, electrical and electronic equipment, and specialized railway transport vehicles. In stark contrast, Italy recorded the steepest contraction among major suppliers, with the value of goods it shipped to the Dominican Republic plummeting 31.1% over the nine-month window. Breakdowns of monthly performance show that March and June 2026 tied for the strongest year-on-year import growth rates, both clocking in at 16.9%. February was the sole month to register a decline, with incoming purchases falling 6.4% compared to the same month in 2025. In aggregate, the Dominican Republic’s total import value rose by $2.05 billion year-over-year across the January to September 2026 period, a surge that analysts largely attribute to elevated global market prices for crude oil and its refined byproducts. This trade data offers critical insights into the evolving supply chain dynamics and consumption patterns shaping the Dominican Republic’s 2026 economic landscape.
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Baha Mar forecasts strong festive season
Top Bahamian luxury resort Baha Mar is forecasting a record-leaning festive peak period and full-year positive growth trajectory, with forward reservations for the opening quarter of 2027 also outperforming initial internal projections, per remarks from Robert Sands, the property’s vice president of government and external affairs. Sands emphasized that the 2025 operational performance should be evaluated on a full-year aggregate basis rather than isolated seasonal dips, noting that while summer and early autumn occupancy levels fell short of peak winter highs, the property still delivered an overall encouraging financial result that outstripped 2024’s full-year metrics. Sands highlighted that the recent historic state visit by King Charles III – the first trip to The Bahamas by a reigning British monarch in 53 years – has delivered an intangible but high-impact lift to the country’s global tourism reputation. While the resort cannot assign a precise monetary value to the publicity generated by the royal visit, Sands noted that it has significantly elevated the Bahamas’ brand equity on the international stage, strengthening its credibility as a premium tropical travel destination even if tangible tourism gains will unfold gradually over coming quarters rather than appearing in immediate monthly metrics. The resort strategically leveraged traditionally lower-traffic summer months to drive foot traffic through targeted special programming, including its signature Bahamas Culinary and Arts Festival and a series of high-profile national basketball tournaments, pushing mid-August to mid-October occupancy 10 to 15 percent higher than the same 2024 period. Earlier summer 2025 data showed June occupancy hitting the low 90 percent range, with July and August bookings tracking between the high 80s and low 90 percent, a notable improvement over 2024’s September occupancy of roughly 30 percent. Looking ahead, Sands described upcoming winter festive season bookings as “shining stars” of the resort’s current pipeline, with first-quarter 2027 advance reservations matching that strong momentum. Though he declined to release granular, real-time occupancy figures, he confirmed the property’s full 2025 year-end results will deliver positive year-over-year growth. Sands also addressed ongoing industry headwinds, particularly rising operational costs tied to frequent local power grid outages that force hospitality operators to rely on expensive backup generator systems. He reiterated Baha Mar’s position that voluntarily switching to its on-site standby power when requested by Bahamas Power and Light (BPL) to ease grid strain is a demonstration of responsible corporate citizenship, and noted the resort will offset unavoidable cost pressures driven by global geopolitical volatility and utility challenges by rolling out curated value-added guest experiences to ensure visitors still perceive their trips as high-value, rather than passing unplanned expenses directly to customers.
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Grupo Puntacana celebrates 57 years of tourism development in the Dominican Republic
On November 1, Grupo Puntacana commemorated its 57th year of operation, reflecting on a half-century of transformative growth that turned a once isolated, sparsely populated stretch of the eastern Dominican Republic into one of the Caribbean’s most sought-after international tourism hotspots. Founded back in 1969 by industry visionary Frank R. Rainieri, the enterprise launched in a remote rural zone that was home to just 52 local families, with no paved roads, commercial air access, or existing tourism infrastructure. Today, the sprawling tourism ecosystem it has built is anchored by the Punta Cana International Airport, a bustling aviation hub that welcomes over 11 million passengers from across the globe each year, serving as the primary entry point for millions of Caribbean travelers annually. Far from resting on its historic achievements, the Dominican tourism conglomerate is actively pursuing multi-pronged diversification across its entire portfolio to expand its appeal to a broader spectrum of global visitors. Its specialized tourism segment now includes a robust sports tourism lineup headlined by the Corales Puntacana Championship, an official sanctioned PGA TOUR event that draws professional golfers and thousands of sports fans annually, alongside dedicated facilities and programming for tennis, padel, and high-profile polo tournaments. On the luxury hospitality front, the group has two high-end resort projects in the pipeline: the highly anticipated Serena, a Luxury Collection property slated to open its doors in 2027, followed by the ultra-premium Rosewood Punta Cana resort scheduled for a 2029 launch. It recently cut the ribbon on the new Rainieri Cultural Center, a purpose-built public institution dedicated to preserving, showcasing, and promoting Dominican national history, cultural heritage, and local artistic traditions for both residents and international tourists. Beyond its core commercial operations, Grupo Puntacana runs extensive public benefit initiatives through its dedicated corporate foundation. Over the most recent 12-month reporting period, the foundation’s marine conservation team cultivated 303,000 coral specimens to support large-scale local reef restoration projects, organized 900 on-site environmental education outreach visits for local school groups, and processed 65 tons of organic waste to divert biodegradable materials from local landfills. Its community-focused social programs delivered no-cost medical services to over 1,500 underserved local patients, provided targeted academic support for more than 870 K-12 and university students, and awarded 60 full higher education scholarships to outstanding young people from surrounding communities. The landmark anniversary year has also brought a string of prestigious industry accolades for the organization and its leadership: MERCO 2025 ranked Grupo Puntacana as the top leading tourism enterprise in the Dominican Republic, while founder Frank R. Rainieri was named the recipient of the 2026 WTTC Icon Award in recognition of his lifelong, industry-defining contributions to sustainable tourism development across the country. Leadership from Grupo Puntacana confirmed that the organization will maintain its long-term strategic focus on three core pillars moving forward: expanding diversified, high-value tourism offerings, scaling up targeted environmental conservation efforts, and investing in inclusive, long-term community development for the populations surrounding its operations. For ongoing, in-depth coverage of news and developments across the Bavaro and Punta Cana region, readers can access DominicanScope’s dedicated reporting portal.
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Dominican Republic plans digital mortgages to help diaspora buy homes
Santo Domingo, Dominican Republic – As part of its forward-looking RD Meta 2036 national development agenda, the Dominican government is rolling out a suite of five targeted digital financial programs designed to unlock new economic opportunities for the millions of Dominican citizens residing overseas, spanning cross-border home purchases, streamlined credit access, low-barrier investment pathways, and tax-advantaged retirement savings vehicles.
The national Financial Committee, which spearheaded the design of the comprehensive policy package, explained that the core objective of the new framework is to deepen and formalize long-standing economic connections between the diaspora and their home country, by dismantling longstanding administrative and logistical barriers that have historically prevented non-resident Dominicans from accessing formal domestic financial services. The scope of the reforms includes expanded eligibility for no-fee cross-border bank accounts, simplified regulated investment products tailored for non-resident users, alternative credit scoring systems that validate overseas income streams, fully digital end-to-end mortgage processing, nationwide financial literacy campaigns targeted at both domestic and diaspora communities, and a voluntary supplementary pension savings scheme for non-resident contributors.
A flagship pilot program at the heart of the initiative will enable Dominican expats to complete the entire process of purchasing and financing residential property remotely, with no requirement to travel back to the Dominican Republic, as long as all transactions comply with existing national property and tax legal frameworks. The cross-agency pilot brings together key stakeholders including the Association of Housing Builders and Developers (Acoprovi), leading private real estate development firms, major local commercial banks, the General Directorate of Internal Taxes (DGII), and the national Real Estate Jurisdiction to eliminate bottlenecks in property verification, fund transfer, and title registration for overseas buyers.
Policy designers note that the dual-focused strategy will not only expand affordable housing access for low- and middle-income Dominican families residing within the country by pairing new housing supply with accessible financing, but also channel the estimated billions in annual diaspora remittances into productive domestic sectors including real estate construction, small business investment, and large-scale infrastructure projects to drive broad-based economic expansion. The Financial Committee confirmed that the full suite of digital financial measures is a core pillar of the national government’s overarching target of doubling the size of the Dominican Republic’s gross domestic product by the 2036 deadline. -

Horsford’s launches GAC, AION electric vehicle in St. Kitts
On October 31, 2026, S.L. Horsford & Co. Ltd. hosted an official launch event at its Wellington Road showroom in Basseterre, St. Kitts, introducing the global GAC automotive brand and its full AION electric vehicle (EV) portfolio to the federation’s local market, marking the firm’s status as the exclusive authorized local distributor for the Chinese automaker. The long-awaited product rollout comes on the heels of progressive national policy adjustments implemented earlier this year: as of May 1, 2026, the St. Kitts and Nevis government, led by Minister of Public Infrastructure, Energy and Utilities Hon. Konris Maynard, slashed import duties on eligible fully electric passenger vehicles from 45% to 10% to accelerate low-carbon transportation adoption. This policy shift is a core pillar of the administration’s Decarbonised Roadway Initiative for Vehicle Electrification (DRIVE), a strategic framework designed to cut the nation’s heavy reliance on costly imported fossil fuels and shrink the transportation sector’s overall carbon footprint. Horsford’s newly expanded automotive catalog balances zero-emission options and practical internal combustion offerings to suit diverse local consumer needs: the all-electric AION range includes the family-friendly AION V, the high-end premium GAC HYPTEC HT, and the agile compact AION UT, while fuel-efficient petrol-powered models cover the GAC GS3 EMZOOM SUV and the tech-integrated GAC EMKOO. Every vehicle in the new lineup is backed by industry-leading protection packages, with a standard 8-year or 160,000-kilometre general vehicle warranty, plus a specialized EV battery warranty that extends up to 200,000 kilometres, with terms varying slightly by individual model. Wallis Wilkin, Group Marketing Manager for the Horsford’s Group of Companies, highlighted that the launch brings cutting-edge global electric mobility technology directly to local drivers for the first time, noting that the company’s partnership with GAC is a deliberate response to the government’s supportive EV policy framework. “The government has laid critical groundwork to make sustainable transport more accessible for our residents, and Horsford’s Automotive is proud to step forward with diverse, high-quality EV choices that will expand consumer options and pave the way for a cleaner, next-generation transportation system across the federation,” Wilkin remarked.
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Royal Caribbean : Suspension of cruises to Haiti extended until 2028
Miami-based global cruise giant Royal Caribbean International has announced a third consecutive extension of its pause on all voyages calling at the Haitian coastal destination of Labadee, pushing the moratorium out to no earlier than April 2028, as widespread gang-related terror violence and total political gridlock in Haiti show no signs of abating. The initial halt to all Labadee port calls was implemented across Royal Caribbean and its peer major cruise operators in mid-2025, after the country’s long-simmering security and governance crisis reached a catastrophic tipping point that made passenger and crew safety impossible to guarantee. The latest extension marks a two-year pushback of the previously announced end date for the suspension, which had been scheduled to lift in April 2026. The cruise line has already launched direct outreach to all customers holding reservations for sailings that were originally slated to include a Labadee stop, with itinerary adjustments impacting dozens of planned voyages spread across nine of its vessels, including the iconic Symphony of the Seas and Adventure of the Seas. To minimize disruption for affected travelers, Royal Caribbean has confirmed that every pre-purchased shore excursion, both for the scrapped Labadee calls and for any alternate new ports added to revised itineraries, will be processed for full automatic refunds with no action required from guests. Sam Vigersky, a public policy specialist focused on Caribbean regional affairs at the Council on Foreign Relations, emphasized in comments to Reuters that the on-the-ground security trajectory in Haiti is not moving toward de-escalation or stabilization, but instead trending toward further dangerous escalation. The move carries significant ripple effects for Haiti’s tourism sector, which has long relied on cruise passenger traffic to Labadee as a critical source of local employment and foreign currency revenue at a moment when the national economy is already on the brink of collapse.
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Tewarie: Economy still treading water, with no clear path to recovery
During a virtual public forum hosted by the University of the West Indies’ Trade and Development Economic Unit (TEDU) on a recent Friday evening, Dr. Bhoe Tewarie, Pro Vice Chancellor for Planning and Development at UWI and a former government cabinet minister, laid out a stark, unvarnished assessment of Trinidad and Tobago’s current economic trajectory, framing the nation’s fiscal position as a constant battle to stay afloat against unrelenting, unfavorable structural headwinds.
Tewarie pushed back against the widespread assumption that upcoming natural gas production projects would automatically resolve the country’s long-running economic strains, noting that the recently tabled national budget is calibrated not to drive rapid expansion, but to enable short-term stability: “This budget signals to the entire nation that our immediate priority is to keep our heads above water, treading carefully to avoid sinking. We know we need a lifeline, we know time is not on our side, but incremental progress is the only viable path forward.”
He acknowledged that the sitting administration inherited a deeply dysfunctional economic landscape, and had taken tangible stabilization steps including tightening tax collection protocols, bolstering customs enforcement to reduce leakages, and expanding access to formal financial services for underserved populations. Even so, he emphasized that these measures have not yet translated to tangible economic recovery or a clearly defined, sustainable growth roadmap.
Adding a critical fiscal warning, Tewarie flagged that roughly TT$70 billion in outstanding public debt is scheduled to mature over the next five years, presenting a massive, unaddressed refinancing risk for state finances. He also pushed back against a common policy assumption, explaining that current export promotion and import substitution strategies that merely redirect existing foreign exchange reserves will not expand the country’s overall forex pool, as many policymakers claim. Deep, structural gaps in economic diversification, targeted new sector investment and export expansion remain largely unaddressed, he noted.
Beyond economic metrics, Tewarie raised urgent concerns about the country’s deteriorating political climate, noting that increasingly adversarial, confrontational rhetoric between opposing factions is amplifying the financial stress already weighing on ordinary citizens. He went a step further to caution that polarizing political language is actively stoking racial tensions, creating tangible risks of social instability for Trinidad and Tobago. He issued a direct public appeal to both the sitting Government and the Opposition to adopt far more measured, judicious public communication practices to avoid worsening social fractures during this historically challenging fiscal period.
Also presenting at the TEDU forum, prominent Trinidadian businessman Vivek Charran, who represents local small and medium-sized enterprises (SMEs) and runs a family-owned operation of his own, shared a grassroots perspective on a decade of unrelenting economic contraction that has left the SME sector largely abandoned and overlooked. “Over the past 10 years, as we navigated this extended economic downturn, we felt our voices were completely ignored, hung out to dry, marginalized, and even unfairly blamed for economic struggles that were entirely outside of our control,” Charran explained.
He noted that the latest national budget contains no targeted, direct support mechanisms for SMEs, despite the fact that small businesses are uniquely positioned to drive growth in the non-energy sector, a core pillar of the country’s long-stalled diversification agenda. Charran identified access to commercial financing as the single largest barrier preventing SMEs from expanding into domestic manufacturing, noting that local banks routinely demand collateral valued at 1.5 to 2 times the total value of requested business loans – a threshold nearly impossible for most cash-strapped small operations already carrying existing debt and grappling with shrinking sales to meet.
Charran also called for a major coordinated push to expand domestic agricultural and food production as a high-impact strategy to conserve foreign exchange, pointing out that the country spends TT$300 to TT$350 million annually on imported dairy products alone. He highlighted clear, low-hanging opportunities for local SMEs to scale up domestic dairy production, egg farming, broiler operations, leafy vegetable cultivation and hydroponic food systems to replace costly imports, reduce forex outflows and create local jobs. Finally, he emphasized that private sector businesses cannot afford to wait passively for government intervention to drive recovery, noting that small business owners must take proactive, independent steps to build resilience, diversify their revenue streams and contribute to national economic renewal.
