Carib Scope

分类： business

  • Ready for rush

    Ready for rush

    Despite the devastating impact of Category 5 Hurricane Melissa, western Jamaica’s freight forwarding sector demonstrates remarkable resilience with sustained shipping volumes and record-breaking Black Friday performance. Major logistics providers and customs authorities report operational stability amid Christmas season demands, signaling economic recovery in the hardest-hit regions.

    ipCourier CEO Gavin Lindsay reveals unprecedented Black Friday shipment numbers from western parishes, indicating a rapid return to pre-hurricane consumer patterns. Meanwhile, AirDrop Shipping maintains shipment volumes comparable to last year despite infrastructure challenges, with minimal delivery delays reported across their St. James and Westmoreland operations.

    The Jamaica Customs Agency (JCA) confirms operational readiness for seasonal demands, implementing extended working hours and staff reinforcements at western facilities. While acknowledging occasional clearance delays due to external factors like vessel scheduling and documentation errors, JCA emphasizes maintained processing efficiency for properly submitted goods.

    Post-hurricane shipping trends reveal significant shifts in consumer behavior, with substantial increases in generator imports and solar equipment following government tax waivers for recovery items. AirDrop’s customer service supervisor Ramiella Griffiths notes persistent e-commerce activity despite logistical constraints, with Christmas decorations and event-related shipments continuing alongside recovery-focused purchases.

    Logistics companies have adapted operations through data-driven capacity expansion and flexible storage policies, accommodating customers requiring extended collection deadlines due to displacement or communication challenges. The industry’s adaptive measures include temporary authorization protocol adjustments and promoted relief initiatives that have contributed to shipping volume recovery.

    While infrastructure limitations create space constraints for oversized items like generators, companies report innovative solutions through overseas warehouse coordination and prioritized air freight. The sustained online shopping trend reflects both necessity-driven purchasing and returning consumer confidence, with western Jamaican customers increasingly relying on doorstep delivery services where local retail options remain limited.

  • Legislation being drafted against price-gouging

    Legislation being drafted against price-gouging

    Trinidad and Tobago’s Consumer Affairs Division currently lacks legal authority to penalize businesses engaging in price-gouging practices, though comprehensive consumer protection legislation is now in development. This critical gap in enforcement capabilities emerged during a December 5 Joint Select Committee on Finance and Legal Affairs meeting, where officials addressed the nation’s escalating food security challenges and mounting import expenses.

    Committee Chair Dr. Marlene Attzs, alongside members Brian Manning and Vishnu Dhanpaul, confronted trade ministry representatives about persistently high grocery prices that continue to burden consumers. When questioned whether tax and duty removals on imported food actually resulted in retail price reductions, Trade Facilitation Director Neville Alexander acknowledged the ministry’s monitoring efforts but confirmed they could only provide guidance rather than enforcement.

    “We monitor prices before and after implementation of measures,” Alexander explained. “We inform the public about expected savings from government actions, but ultimately advise consumers to avoid retailers who fail to pass on these benefits—this represents our current approach.”

    The absence of legal penalties leaves consumers vulnerable, a concern underscored by Attzs during the proceedings. Candice Hicks, Director of the Legal Unit, revealed that consumer protection legislation featuring a penalty framework is now prioritized at the bill stage. “We’ve placed it at the top of our legislative agenda,” Hicks stated, while noting the ministry cannot control parliamentary timing. The target for completing ministerial preparations is the first quarter of 2026.

    Permanent Secretary Abigail Bynoe indicated that implementing enforcement capabilities would necessitate additional staffing and potential restructuring of the division to handle investigations. Meanwhile, agriculture officials provided context for why tax removals don’t always translate to consumer savings. Acting Chief Technical Officer Dr. Ian Mohammed noted importers frequently cite external cost pressures to justify maintaining high prices.

    Bynoe presented significant economic data, revealing Trinidad and Tobago’s food import bill stands at US$1.08 billion against exports of approximately US$500 million. She emphasized that many imports constitute essential raw materials for local production, supporting higher value-added manufacturing and foreign exchange earnings through exports. The poultry industry exemplifies this dynamic, where imports of hatching eggs and feed enable both domestic market satisfaction and substantial export value.

    The government has established ambitious targets: reducing the food import bill by US$2 billion while increasing exports by US$1 billion. Achieving these goals will require modernizing farming practices, investing in critical infrastructure, improving water management, addressing agricultural crime, and revitalizing strategic agricultural industries through expanded value-added production.

  • Paramount counters Netflix with cash bid for Warner Bros Discovery

    Paramount counters Netflix with cash bid for Warner Bros Discovery

    In a dramatic escalation of entertainment industry consolidation, Paramount Global has initiated an unsolicited all-cash acquisition bid for Warner Bros. Discovery, offering $30 per share in a move that directly challenges Netflix’s previously announced agreement with WBD.

    The tender offer, announced Monday from Paramount’s Washington headquarters, values the entertainment conglomerate at approximately $108.4 billion. This represents a substantial 139% premium over Warner Bros. Discovery’s September stock price of $12.54, signaling Paramount’s aggressive pursuit of the acquisition.

    Paramount leadership explicitly characterized Netflix’s competing proposal as “inferior and uncertain” in their official statement. David Ellison, Chairman and CEO of Paramount, emphasized shareholder interests, stating: “WBD shareholders deserve an opportunity to consider our superior all-cash offer that provides immediate value and certainty.”

    The proposed merger would create one of the largest media entities globally, combining Paramount’s extensive film library and streaming platform with Warner Bros. Discovery’s vast content portfolio including HBO, Warner Bros. studios, and Discovery networks. This consolidation would significantly alter the competitive landscape of the entertainment industry, potentially creating a content powerhouse capable of challenging established streaming giants.

    Industry analysts note the bid comes at a time of unprecedented transformation in media, as traditional entertainment companies seek scale to compete in the increasingly crowded streaming marketplace. The all-cash nature of Paramount’s offer provides shareholders with immediate liquidity, contrasting with stock-based alternatives that carry market volatility risks.

    The tender offer initiates what could become a protracted bidding war for Warner Bros. Discovery, with market observers anticipating potential counteroffers from Netflix or other interested parties in the evolving media landscape.

  • One&Only Half Moon Bay to Break Ground in Q2 2026, PM Announces

    One&Only Half Moon Bay to Break Ground in Q2 2026, PM Announces

    Antigua and Barbuda’s Prime Minister Gaston Browne has officially announced that construction of the transformative One&Only Half Moon Bay Resort, a US$465 million luxury development, will commence in the second quarter of 2026. The revelation came during the government’s annual Budget Presentation on Thursday, positioning the project as the most substantial luxury tourism investment in the nation’s history.

    Prime Minister Browne emphasized the project’s significant economic impact, projecting the creation of 400 construction jobs during the building phase, with several hundred additional permanent positions anticipated upon the resort’s opening. He characterized the development as a crucial catalyst for elevating Antigua and Barbuda’s high-end tourism market, demonstrating sustained investor confidence despite prevailing global economic uncertainties.

    The One&Only development represents just one component within a broader portfolio of large-scale tourism investments currently advancing in the twin-island nation. This strategic expansion includes Murby Resorts, Nikki Beach Barbuda, the Buccaneer Beach Project, and extended Nobu operations—collectively poised to fundamentally reshape the country’s hospitality infrastructure and international appeal.

    Renowned for catering to elite international clientele and maintaining exceptional service standards, the One&Only brand is expected to generate substantial global attention once construction commences. Beyond immediate job creation, the resort is projected to strengthen partnerships with local contractors and service providers while significantly boosting visitor expenditure levels upon operational launch.

    The government has committed to releasing further details regarding construction timelines and associated community infrastructure developments as project preparations advance through subsequent planning phases.

  • Oproep voor eigen cruiseterminal klinkt luider

    Oproep voor eigen cruiseterminal klinkt luider

    The prestigious French cruise vessel Club Med 2 made its second port of call in Suriname on Friday, marking another significant moment for the South American nation’s emerging tourism sector. This five-masted sailing ship, stretching over 200 meters with eight decks and capacity for 380 passengers, represents the growing interest in Suriname as a cruise destination.

    The ship’s advanced computer-controlled sailing system showcases modern maritime technology while maintaining traditional elegance. During its brief stay, passengers initially visited the Harbor Management area where the Suriname Hospitality and Tourism Association (SHATA) had established temporary facilities offering local snacks, beverages, and souvenirs. Most visitors subsequently proceeded to explore Paramaribo’s city center.

    However, the visit encountered operational challenges. An approximately one-hour delay occurred due to incomplete documentation for passenger transportation, forcing itinerary adjustments. Attempts to compensate with an onboard cultural performance were declined by cruise officials. Tourism operator Dinesh Ramlal, Director of Travel The Guianas, expressed satisfaction with the growing cruise traffic but emphasized urgent infrastructure needs.

    Ramlal reiterated calls for dedicated cruise terminal facilities, preferably at the Waterkant near the SMS pier, citing current restrictions within the commercial port environment. ‘We are constrained by this port with all its regulations, preventing us from performing optimally,’ Ramlal stated. ‘The arrival of these ships will only increase. We need facilities with independent processing capabilities and distinct identity.’

    The SMS pier location is considered ideal due to its proximity to Paramaribo’s UNESCO World Heritage sites. Ramlal emphasized the necessity for improved cooperation between government, private sector, and tourism industries to enhance visitor experiences. Another cruise ship is expected to arrive by month’s end, further highlighting the urgency for infrastructure development.

  • Situatie SLM in feite erger dan patiënt in ‘intensive care’

    Situatie SLM in feite erger dan patiënt in ‘intensive care’

    Suriname Airways (SLM) is facing a financial crisis far more severe than previously disclosed, with its chairman Marlon Telting describing the national carrier as “society in intensive care requiring 24-hour monitoring.” In an exclusive interview with Starnieuws, Telting revealed that the airline’s actual debt position dramatically exceeds the publicly circulated figure of approximately $80 million, though the precise amount remains undetermined.

    The newly appointed Board of Commissioners, installed in September, faces the daunting task of unraveling the company’s true financial status. Telting emphasized the alarming revelation that SLM’s most recent annual report dates back to 2016, indicating years of financial opacity. The board has commissioned a preliminary assessment to establish the current financial and operational standing, with interim findings suggesting urgent restructuring needs and matters requiring immediate attention.

    Telting disputed the accuracy of previously presented financial figures, noting significant discrepancies with the company’s actual accounting records. While a recovery framework document exists, the chairman clarified it lacks essential components to initiate a genuine turnaround strategy. The board must first establish a complete picture of SLM’s situation before developing a realistic recovery plan.

    Regarding leadership changes, Telting defended the appointment of new CEO Johan Sadie as a statutory nomination rather than a political appointment. Sadie, a seasoned SLM insider with previous temporary director experience and roles in commercial operations, received enthusiastic applause from staff upon his introduction. Former interim director Steven Gonesh, who had expressed disinterest in the permanent CEO role since October last year, returns to his previous position as deputy director of Operational Affairs and Accountable Manager. Several other directorial vacancies will be filled through open recruitment processes.

  • Stage prepared for the 2025 CMEx Leadership Awards to honor Caribbean visionaries, global partners

    Stage prepared for the 2025 CMEx Leadership Awards to honor Caribbean visionaries, global partners

    The Caribbean tourism and media landscape prepares to honor its most distinguished contributors at the upcoming 2025 Caribbean Media Exchange (CMEx) Leadership Awards. This premier event, scheduled to unite influential professionals, cultural ambassadors, and policy makers from across the Caribbean region and its global Diaspora, serves as a pivotal platform for recognizing excellence and fostering future leadership development.

    A landmark feature of this year’s ceremony will be the inaugural presentation of the CMEx Lifetime Achievement Award to Sir Baltron Bethel, a foundational figure in Caribbean tourism. Hailed as a national hero of The Bahamas, Sir Baltron holds the distinction of being the first and longest-serving Bahamian Director General of Tourism, whose visionary policies have profoundly shaped regional tourism development on the international stage.

    The awards will further celebrate fifteen exceptional leaders whose innovative work continues to drive progress in Caribbean tourism, cultural promotion, and economic growth. The 2025 honorees represent a diverse cross-section of expertise, including:
    – Carole Alexis, Martinique’s renowned Choreographer and Artistic Director
    – Dave Chang, Senior Vice President at Carnival Cruise Line
    – Key tourism authority CEOs: Ronella Croes (Aruba), Muryad de Bruin (Curaçao), and May-Ling Chun (St. Maarten)
    – Industry pioneers including Laura Davidson (LDPR), Clarisa Jiménez (Puerto Rico Hotel & Tourism Association), and Monique Hamaty-Simmonds (Tortuga Rum Company)

    Adding diplomatic significance to the event, numerous government officials and regional leaders will participate as distinguished guests. The confirmed attendance includes tourism ministers and directors from Grenada, U.S. Virgin Islands, Anguilla, and the Bahamas, alongside chief executives of major regional organizations including the Caribbean Tourism Organization and Caribbean Hotel and Tourism Association.

    The ceremony will be elevated by a headline performance from Bahamian vocalist Simmone Bowe, whose versatile repertoire spans jazz, reggae, R&B, and gospel traditions.

    Bevan Springer, CMEx President, emphasized the awards’ broader mission: “These exemplary honorees embody the Caribbean’s spirit of leadership, innovation, and service. Their transformative contributions across tourism, business, and community development inspire our collective future.”

    Proceeds from the fundraiser will directly support educational programs, youth empowerment initiatives, and professional training designed to cultivate the next generation of Caribbean tourism and media leadership. The event enjoys substantial backing from platinum sponsor Bahamas Ministry of Tourism, Investments and Aviation, alongside major support from Nassau & Paradise Island Promotion Board, British Virgin Islands Tourist Board, Tropical Shipping, Sandals Resorts representative Unique Vacations, and numerous additional destination and corporate partners.

  • Business voices demand more on tech, tourism, culture

    Business voices demand more on tech, tourism, culture

    In the wake of the Saint Lucia Labour Party’s decisive electoral victory on December 1st, prominent business executives have articulated their expectations for the new administration’s economic agenda. Three industry leaders shared their perspectives with St. Lucia Times, highlighting critical policy areas that could shape the nation’s development trajectory over the coming five-year term.

    Michelle Samuel, founder of business development consultancy SLUDTERA Inc. and Programme Lead of BizConnect Caribbean, maintains a nonpartisan position while emphasizing the government’s digital transformation promises. Her organizations rely extensively on robust digital infrastructure to empower entrepreneurs and youth across the Caribbean region. Samuel specifically referenced manifesto commitments regarding ICT infrastructure expansion, AI adoption initiatives, and enhanced digital education from primary through tertiary levels. She stressed that policy continuity in innovation support and youth empowerment would significantly advance her mission of serving underserved communities.

    Keen ‘The Mecca’ Cotter, a veteran music entrepreneur with over twenty years of industry experience, expressed approval of proposed reforms in the creative sector. He endorsed plans to reconfigure the Cultural Development Foundation into a Development and Training Agency for the Arts, noting that this institution would require a renewed mandate focused on industry-relevant training. Cotter particularly welcomed the establishment of an Orange Economy Unit dedicated to creative advancement, emphasizing that comprehensive arts scholarships should encompass business administration and music management alongside performance training. He characterized proposed inter-agency collaboration between cultural institutions as a long-overdue step toward unified creative sector development.

    Julian Adjodha, CEO of the J.A.G. Group of Companies and recent Caribbean Global Awards honoree, addressed disparities in the tourism industry. The founder of Island Adventures/Sun & Fun Tours called for equitable incentives for local operators, arguing that foreign investors currently receive disproportionate concessions. Adjodha maintained that leveling the economic playing field would enable domestic enterprises to expand operations and generate increased employment opportunities, ultimately strengthening Saint Lucia’s primary industry through enhanced local participation.

  • No storm can stop Jamaica, declares Sandals boss Adam Stewart

    No storm can stop Jamaica, declares Sandals boss Adam Stewart

    Jamaica’s tourism sector is demonstrating remarkable resilience as industry leaders unite for a powerful post-hurricane recovery initiative. The movement gained momentum during Sandals Resorts International’s ‘Back to Jamaica’ town hall event, where executive chairman Adam Stewart received thunderous applause from over 350 travel advisors and industry professionals for his unwavering commitment to Jamaica’s recovery.

    The event, streamed live to 11,000 travel professionals across the United States, Canada, the United Kingdom, and Latin America, served as both a showcase of the newly unveiled Sandals Dunn’s River resort and a strategic recovery summit. Stewart emphatically declared that ‘no storm or weather event will stop Jamaica,’ setting the tone for a collaborative industry-wide approach that prioritizes national recovery over corporate profits.

    This display of solidarity featured influential supporters including ASTA President Zane Kerby, American Airlines Commercial Director Alexander Cavalcanti, Jamaican Director of Tourism Donovan White, and MBJ Airports head Shane Munroe. Together, they presented compelling evidence of Jamaica’s rapid restoration progress and operational readiness.

    Critical recovery metrics reveal substantial progress: 80% power restoration across the island, 80% water service restoration, and 55% of hotel rooms already operational—projected to reach 68% by December’s end and 80% by January. Transportation infrastructure remains fully functional with Sangster International Airport maintaining all 29 airlines and 48 routes, while American Airlines has actually increased flight capacity post-hurricane.

    The industry’s unified message—’charity helps, tourism sustains’—emphasizes that continued visitor support is crucial for long-term recovery. Travel advisors were urged to become ‘demand creators’ and communicate Jamaica’s readiness to clients worldwide, counterbalancing international media coverage of hurricane damage with stories of resilience and rapid rebuilding.

  • Nuanced approach to gaming tax needed

    Nuanced approach to gaming tax needed

    Hospitality associations in Trinidad and Tobago are mounting strong opposition against the government’s planned gaming amusement tax increase, warning of severe consequences for community bars and their employees.

    The Trinidad and Tobago Coalition of Bars and Restaurants (TTCOBAR) alongside the Barkeepers Owners/Operators Association (BOATT) have issued forceful complaints regarding the proposed measure that would raise annual taxes per gambling machine from $6,000 to $25,000—an increase exceeding 400%. Industry representatives argue this dramatic hike would devastate hundreds of neighborhood bars that rely on machine revenues to maintain financial viability.

    This perspective has gained support from the Trinidad and Tobago Coalition of Service Industries, which has called for collaborative dialogue before implementation. Currently, approximately 60% of the nation’s 2,500 bars operate known gambling devices, with many establishments risking substantial fines for undisclosed machines due to the lucrative returns.

    The financial mechanics of these machines reveal why they’re so attractive to bar owners. After covering acquisition costs and annual taxes, the machines generate revenue without additional staffing requirements, sick leave, or drink-mixing services. They efficiently extract cash from patrons while creating no new employment opportunities.

    Unlike social bar games like pool or darts that encourage customer interaction and extended stays, these electronic gambling devices promote solitary, focused use. Despite their colorful interfaces and the softened term “gaming,” they constitute sophisticated gambling technology with lower payout rates than those offered in private members’ clubs.

    Bar owners already anticipate staff reductions to offset the new tax burden. There are also concerns that increased taxation might drive more operators to conceal their machines, potentially undermining tax collection efforts.

    Globally, taxes on gambling devices typically fund specific programs, including rehabilitation services for compulsive gamblers. The current proposal appears to be part of broader government efforts to finance programs through taxes that target harmful behaviors, though stakeholders argue the approach requires more nuanced consideration than a blunt tax increase.