分类: business

  • Barbados, Africa urged to seize trade and investment opportunities

    Barbados, Africa urged to seize trade and investment opportunities

    Barbados and its Caribbean neighbors have been called upon to explore untapped trade and investment opportunities with Africa, as senior officials convened in Bridgetown for the inaugural GUBA Awards and Trade and Investment Forum. The event, which began on Monday, aims to strengthen economic and cultural ties between Africa and the Caribbean, celebrating the achievements of individuals and organizations from both regions. Lady Dentaa Amoateng, CEO of the GUBA Foundation, emphasized the vast potential for growth, noting that intra-African trade accounts for only 16% of the continent’s total trade, while intra-Caribbean trade stands at around 14%. She highlighted the combined GDP of over $3.5 trillion and a population exceeding 1.4 billion as a testament to the untapped potential. Amoateng called for structured partnerships, including industrial and investment networks, to unlock the trade corridor between the two regions. She pointed to the African Continental Free Trade Area and the Caribbean Single Market and Economy as key platforms for fostering growth. Deputy Prime Minister Santia Bradshaw of Barbados underscored the historical connections between the Caribbean and Africa, highlighting Barbados’s efforts to deepen engagement with African nations such as Ghana, Kenya, and Rwanda. She noted the signing of bilateral agreements, including an air services agreement with Rwanda, and efforts to attract pharmaceutical manufacturing to Barbados. Bradshaw also emphasized the island’s transparent policies, double taxation agreements, and strategic partnerships as factors making it an attractive gateway for African investment into the Americas. The foundation’s chartered flight from Africa to Barbados is set to arrive tomorrow, symbolizing the growing collaboration between the two regions.

  • Dominican Republic records US$692.5 million in Cocoa exports for 2024–2025 season

    Dominican Republic records US$692.5 million in Cocoa exports for 2024–2025 season

    The Dominican Republic has marked a historic milestone in its cocoa industry, achieving record-breaking exports during the 2024–2025 harvest year. A total of 77,453.6 metric tons of cocoa, valued at $692.5 million, were exported, representing a 25% increase in volume and a significant 63.8% rise in revenue compared to the previous year’s figures of 61,877.11 metric tons worth $422.8 million. This surge added an impressive $269.7 million to the nation’s export earnings.

  • TDC Hosts 52nd Annual General Meeting: Building Dreams and Securing Futures

    TDC Hosts 52nd Annual General Meeting: Building Dreams and Securing Futures

    The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) marked a historic milestone during its 52nd Annual General Meeting (AGM), held on November 5, 2025, at the St. Kitts Marriott Resort. Under the theme ‘Building Dreams, Securing Futures,’ the event highlighted the company’s exceptional financial performance and strategic achievements for the fiscal year ending March 31, 2025. Chairman and CEO Earle Kelly opened the meeting by thanking shareholders for their steadfast support, emphasizing their critical role in TDC’s success. CFO Maritza Bowry presented a detailed financial analysis, revealing record-breaking revenue and profitability. The company achieved its highest-ever Profit Before Tax from Continuing Operations at EC$18.675 million, a significant increase from the previous year’s EC$15.763 million. Over its 51-year history, TDC has distributed EC$78.8 million in dividends, including EC$4.68 million for the latest fiscal year. The AGM also addressed upcoming leadership changes, with Mr. Wendell Lawrence set to become Chairman and Mr. Nicolas Menon appointed as CEO following Mr. Kelly’s retirement on January 31, 2026. The event concluded with heartfelt tributes to Mr. Kelly for his decades of leadership, culminating in the presentation of a commemorative plaque honoring his contributions to TDC’s growth and success.

  • Taxi drivers urged not to join Uber

    Taxi drivers urged not to join Uber

    Barbados taxi representatives have issued a stern warning to local operators, urging them to resist joining the global ride-hailing giant Uber. They argue that Uber’s entry into the market poses a significant threat to the livelihoods of thousands of taxi drivers whose businesses have been built over generations. Anthony Harewood, a representative of the taxi fraternities at the airport and the Barbados Transport Co-operative Society Limited, emphasized the need to protect their hard-earned industry. ‘Do not sign up with Uber,’ he declared. ‘Protect what is ours.’

  • Policy Forum Guyana maintains GYEITI’s civil society convenor in conflict of interest

    Policy Forum Guyana maintains GYEITI’s civil society convenor in conflict of interest

    Policy Forum Guyana (PFG) has raised significant concerns over the appointment of Dr. Ivor English as the civil society convenor for the Guyana Extractive Industries Transparency Initiative’s Multi-Stakeholder Group (MSG), citing a potential conflict of interest due to his extensive ties to the mining sector. Despite assurances from Natural Resources Minister Vickram Bharrat that Dr. English is not in a conflict of interest, PFG maintains that his involvement in mining concessions undermines the impartiality and governance of the role. Dr. English was granted gold-mining concessions totaling 19,586 acres in 2014, later subdivided into 17 permits, 13 of which were medium-scale mining permits. While Minister Bharrat stated that Dr. English is no longer active in gold or sand mining, Dr. English himself hinted at potential future mining activities. PFG criticized the Minister’s justification for the appointment, which emphasized Dr. English’s religious affiliation rather than addressing his mining interests. The organization also highlighted that this appointment marks the second attempt by Minister Bharrat to allegedly control civic appointments within GYEITI through opaque procedures. Earlier this year, the Minister appointed the Chair of the Private Sector Commission, a decision later reversed following intervention from the EITI International Secretariat. PFG emphasized the importance of transparent and impartial selection processes, particularly in a fragile democracy, and called for full civic engagement in the upcoming MSG meeting at the Marriott Hotel to uphold transparency and accountability in Guyana’s extractive industries.

  • Taxi body claims Uber defying Port restriction

    Taxi body claims Uber defying Port restriction

    Taxi operators at the Bridgetown Port have raised serious concerns over Uber and its franchise owner, Go Capita, allegedly breaching a government-imposed restriction that prohibits Uber pick-ups around the port area. This violation, they argue, is threatening their livelihoods and has reignited calls for stricter enforcement of taxi regulations. Adrian Smiley Bayley, president of the Bridgetown Port Taxi Co-operative, highlighted the issue during a press conference, stating that Prime Minister Mia Mottley had explicitly instructed Uber to cease operations near the port during a recent meeting with taxi operators. Despite this directive, an Uber-registered driver was reportedly seen picking up passengers directly outside the port gates last week. Bayley presented photographic evidence and emphasized that the incident occurred just six days after the meeting with the Prime Minister. He also revealed that an official report of the incident has been forwarded to Deputy Prime Minister Santia Bradshaw, who serves as the Minister of Transport. Raymond Gill, a representative of Go Capita, acknowledged the complaint and assured that the company would investigate the matter, suggesting that a technical glitch might have caused the breach. Bayley, however, remains steadfast in his demand for a fair resolution, vowing to continue advocating for a level playing field for all taxi operators. He also accused Go Capita of betraying its long-standing partnership with the taxi industry, particularly in relation to the Harbour Lights nightclub, which has benefited significantly from the collaboration with taxi operators over the years. Bayley concluded by urging the government to exert pressure on franchise owners operating in Barbados to ensure compliance with the established regulations.

  • Public servants promotions to be “tied” to successful training, NIS, public service records to be digitised

    Public servants promotions to be “tied” to successful training, NIS, public service records to be digitised

    In a significant move to modernize its public sector, Guyana has announced that promotions for public servants will now be contingent upon the successful completion of free courses offered through the newly launched Public Service Upskilling Platform. This initiative is part of a broader government effort to digitize operations, including the National Insurance Scheme (NIS) records and the entire public service system. Minister of Public Service and Government Efficiency, Zulfikar Ally, emphasized that these certifications will serve as crucial markers for professional development and career advancement. ‘These certifications can and will be tied to your professional development, your advancement, and your promotions within the public service,’ Ally stated during the platform’s launch. The courses, provided via the U.S.-based global online learning platform Coursera, will offer certificates that act as proof of new skills and ‘tickets’ for career progression. President Irfaan Ali has set ambitious deadlines for the digitization of NIS records within eight months and the public service’s human resource information system within five months. Ali highlighted that these digital transformations aim to enhance efficiency, productivity, and competitiveness by reducing transaction times and costs. Furthermore, the President envisions a ‘palm-driven service delivery’ system, enabling government officials to work remotely and deliver services directly to citizens via mobile devices. Ali also mandated that farmers gain access to a digital tool within four months, providing them with real-time field information, weather updates, and agricultural extension services. The Centre of Excellence in Agriculture is expected to be fully integrated into this digital framework. These initiatives collectively aim to propel Guyana ahead of its competitors by leveraging technology to streamline government operations and empower its workforce.

  • Dominican Republic tops Latin American investment rankings in FIU report

    Dominican Republic tops Latin American investment rankings in FIU report

    Miami, FL – The Dominican Republic has been crowned the leading investment destination in Latin America, according to the 2025 Latin America Country Risk Index and Analysis by Florida International University’s (FIU) Adam Smith Center for Economic Freedom. The report reveals that 76% of experts endorse investing in the country, significantly outpacing Paraguay (66%) and Argentina (63%). The Dominican Republic’s governance, institutional strength, and appeal to foreign investors have earned it recognition as one of the region’s most stable, credible, and low-risk nations. Amidst a backdrop of political polarization, economic volatility, and rising insecurity across Latin America, the Dominican Republic stands out for its democratic stability, reliable institutions, and robust business environment. FIU attributes this success to the nation’s consistent macroeconomic policies, fiscal discipline, and investor confidence. Additionally, the country has capitalized on global economic trends like nearshoring and friendshoring, further solidifying its position as a secure and predictable destination for strategic industries. The report also highlights the Dominican Republic’s lower social and security risks compared to the regional average, bolstered by strong foreign relations and a cooperative foreign policy. Its strategic alliance with the United States has further enhanced external stability. The government has welcomed FIU’s findings, viewing them as a testament to its ongoing efforts to modernize, promote transparency, and enhance competitiveness. The administration has reaffirmed its commitment to sustaining economic growth and solidifying the country’s reputation as one of Latin America’s most trustworthy and dynamic investment hubs.

  • January to July revenue less by EC$239.4 million

    January to July revenue less by EC$239.4 million

    Grenada’s fiscal performance for July 2025 revealed a mixed picture, with revenue collections falling short of targets while overall fiscal management remained robust. According to the Ministry of Finance’s July 2025 fiscal report, revenue for the month totaled EC$97.1 million, EC$3.3 million below the projected target. This shortfall was primarily attributed to weaker performance in taxes on domestic goods and services. Compared to July 2024, collections were significantly lower by EC$162.9 million, largely due to the absence of exceptional revenues from the CCRIF payout and the Citizenship by Investment (CBI) programme.

    Despite the July shortfall, the cumulative revenue for the period January to July 2025 stood at EC$749.2 million, surpassing the target by EC$20.8 million. This performance underscores the government’s prudent fiscal management and commitment to budgetary goals. Additionally, grant inflows in July 2025 amounted to EC$15.8 million, exceeding the target by EC$9.7 million and representing a substantial increase of EC$14 million compared to July 2024. By the end of July 2025, total grant income reached EC$44 million, EC$8.3 million above projections and EC$30.5 million higher than the same period in 2024.

    On the expenditure side, current spending in July 2025 exceeded projections by EC$4.6 million, totaling EC$89.4 million. This was EC$25.7 million higher than the corresponding period in 2024. However, total recurrent expenditure for January to July 2025 was EC$540.3 million, EC$56.4 million below the programmed level but EC$46.4 million more than the same period in 2024. This increase was driven by higher transfers and subsidies, particularly for pension payments and IMA expenses.

    Capital expenditure also saw significant growth, with July 2025 spending reaching EC$51.4 million, surpassing both the monthly target of EC$41.8 million and the July 2024 figure of EC$19.9 million. For the first seven months of 2025, capital expenditure amounted to EC$264 million, EC$29.3 million above the programmed level and EC$127 million more than the same period in 2024, reflecting accelerated implementation of capital projects.

  • ‘Belize’s Tourism Will Bounce Back’

    ‘Belize’s Tourism Will Bounce Back’

    Belize’s tourism sector, a cornerstone of its national economy, is grappling with significant challenges as global economic conditions tighten. Recent data from the Belize Tourism Board reveals an 8.6% decline in overnight tourist arrivals for September 2025 compared to the same period last year. This downturn has raised concerns among industry stakeholders, particularly in popular destinations like Ambergris Caye and Caye Caulker, where tourism activity has notably slowed. Area Representative Andre Perez acknowledged the sluggish recovery post-COVID-19, attributing part of the decline to the ongoing political polarization in the United States, a key source market for Belizean tourism. The prolonged U.S. federal government shutdown has exacerbated the situation, leading to widespread job losses and flight disruptions across 40 major American airports, including those serving Belize and the Caribbean. Despite these hurdles, Perez remains optimistic, emphasizing Belize’s strategic location and accessibility as enduring strengths. He expressed confidence in the industry’s resilience, predicting a successful year ahead. However, analysts caution that the ripple effects of the U.S. shutdown may persist, delaying a full recovery in travel patterns.