分类: business

  • BHTA pushes national tourism safety strategy

    BHTA pushes national tourism safety strategy

    Barbados’ leading tourism industry body is pressing for sweeping, coordinated national action to combat a surge in violent crime that increasingly threatens the Caribbean island’s economic backbone and global reputation as a safe vacation destination. The Barbados Hotel and Tourism Association (BHTA) has tabled a comprehensive national public safety strategy crafted specifically to shield the country’s tourism sector, responding to growing public and industry anxiety after a string of violent incidents — including a high-profile attack on a tourist near popular Carlisle Bay this past Sunday.

    In outlining the proposal, BHTA Chairman Javon Griffith laid out a multi-pronged, cross-sector set of priorities that the organization says must form the foundation of any effective strategy to reverse the recent escalation of violence. At the core of the plan is the creation of a specialized police force trained explicitly in hospitality sector engagement and visitor protection, paired with sweeping judicial reforms to accelerate case processing for violent and gun-related offenses.

    Griffith emphasized that visible, expanded police presence is non-negotiable across high-traffic areas that draw both tourists and local residents. “There must be a significantly increased and more visible police presence across tourism districts, nightlife zones, beaches, major events, and high traffic commercial areas. Visitors and residents alike must feel safe and protected throughout the island, particularly during evenings and weekends when incidents are more likely to occur,” he said.

    Beyond expanded patrols, the BHTA is calling for major targeted investment in modern security and surveillance infrastructure. This includes expanding CCTV coverage across high-risk areas, upgrading inadequate street lighting, implementing integrated real-time monitoring systems, and improving coordination between law enforcement agencies and private tourism operators during emergency responses.

    Griffith also stressed that long-term safety requires deeper collaboration across public, private, and community stakeholders. The proposal calls for formal, structured security partnerships between law enforcement and tourism leaders, plus regular intelligence sharing mechanisms to boost preventive action and speed up emergency responses. “We strongly support greater investment in intelligence-led policing, border security enhancements, and stronger action against illegal firearms and organized criminal activity. Crime prevention must become increasingly proactive rather than reactive,” Griffith noted.

    The BHTA chairman warned that the recent wave of violence poses a dual threat: not only does it undermine domestic public safety, but it also erodes Barbados’ carefully cultivated global brand as a stable, secure tourist getaway. “These incidents strike at the very heart of Barbados’ international reputation and threaten the sense of safety and stability that visitors and residents alike have long associated with this country,” he said. “Tourism remains one of the primary engines of the Barbadian economy, supporting thousands of livelihoods directly and indirectly.”

    Griffith also shared the association’s growing alarm over the geographic spread of violent crime across the island. Once concentrated primarily in the heavily populated west and south coasts, violent incidents including shootings and stabbings are now spreading to the previously quiet east coast, and increasingly pushing closer to core tourism zones. “It’s almost a weekly occurrence for there to be some shooting or stabbing somewhere in Barbados, and not just somewhere in Barbados, they’re happening increasingly closer to tourist zones… It is getting worse,” he said.

    Compounding the risk of violence itself is the rapid spread of negative coverage and discussion of these incidents on social media, which can damage the island’s reputation far faster than local authorities can respond. Griffith pointed to a popular Facebook group for Barbados travelers with more than 5,000 members, where Sunday’s attack has dominated discussion, drawing widespread negative commentary from both past visitors and local residents. He warned that the country cannot afford to be complacent about protecting public trust in the destination.

    To address the root causes of rising crime, as well as its immediate impacts, the BHTA’s strategy also includes a series of long-term social and community-focused measures. Griffith highlighted the critical need for expanded youth development initiatives, targeted at vulnerable young people who face limited economic opportunity and social disconnection that can drive involvement in crime. The proposal also calls for wider adoption of data analytics and digital tools to map crime trends and identify high-risk hotspots before violence occurs.

    Additional recommendations include expanded rehabilitation and mentorship programs to cut recidivism rates and help former offenders reintegrate into communities; public education campaigns to promote conflict resolution, civic responsibility, and national pride; improved transportation safety in nightlife and entertainment corridors; increased investment in community sports and recreation infrastructure; and more consistent maintenance of public spaces, beaches, and tourism corridors to reinforce a widespread sense of order and security.

    Griffith confirmed that the BHTA has already held preliminary discussions on the proposal with the Barbados Police Service and the former Attorney General, and the organization is pushing for continued negotiations through the country’s existing Social Partnership framework to turn the proposed strategy into actionable policy quickly.

    The association’s overarching message is that urgent, decisive, visible national action is required right now to rebuild public and visitor confidence, strengthen community safety, and reaffirm Barbados’ long-standing commitment to upholding law, order, and social stability for all who live on and visit the island.

  • Island positioning as regional investment centre with landmark forum partnership

    Island positioning as regional investment centre with landmark forum partnership

    Barbadian businesses and project owners are positioning themselves to compete for a slice of up to $2 billion in planned investment deals, when hundreds of top global investors converge on the island next month for the first-ever Caribbean Economic Forum (CEF) 2026, an exclusive report from Barbados TODAY has confirmed.

    State-backed investment promotion agency Invest Barbados has formalized a strategic partnership with CEF organizers to support the launch of the two-day event, which is set to bring together roughly 150 key stakeholders spanning global institutional investors, development finance bodies, regional government leaders, infrastructure fund managers, and private sector C-suite executives. The summit will center on four high-growth, high-impact industry verticals critical to the Caribbean’s long-term development: clean energy transition and climate-resilient power grids; climate-adapted water systems, port upgrades and core infrastructure; modernization of regional food and agricultural supply chains; and sustainable blue economy development, maritime infrastructure and coastal protection projects.

    According to event planning teams, more than $5 billion in blended financing, capital guarantees, and targeted technical assistance is already earmarked for projects across these priority sectors. The forum has set a clear minimum target of securing $2 billion in finalized transaction agreements by the close of the June 18–19 gathering, hosted at the Hilton Barbados Resort.

    In an exclusive interview with Barbados TODAY, Invest Barbados Chief Executive Kaye Greenidge outlined that the agency is casting a wide net to bring forward investable projects across every productive sector of Barbados’ economy, from large public infrastructure initiatives to small local manufacturing operations. “We are engaging all sectors across Barbados – even small local manufacturers that are already producing quality goods, but need investor backing to scale and reach global export markets,” Greenidge explained. She confirmed that at least two small Barbadian creative and manufacturing ventures will already pitch for funding at the event, as local entrepreneurs seek capital to expand their operations and bring Barbadian-made products to international consumers.

    “The scope of projects ranges from small-scale manufacturing and renewable energy ventures to large public sector infrastructure projects that need long-term financing. The forum is open to any project owner that wants to present their vision to global investors and showcase their work to attract interest,” Greenidge added.

    At its core, the initiative is focused on driving long-term economic growth and diversification for Barbados, Greenidge emphasized. The core mission is simple: connect viable, investable projects with capital holders that have the resources to back them, matchmake opportunities, and unlock the funding needed to break ground on new developments. “When these Barbadian projects get off the ground, the benefits flow straight to the people – that means new job creation, broader economic growth, and more sustainable development for the entire country,” she said.

    Greenidge noted that Invest Barbados jumped at the chance to partner with CEF 2026 because the landmark event is being hosted on Barbadian soil, giving local projects prime access to a global audience of capital providers. The agency will work to ensure that as many Barbadian projects seeking financing as possible get a spot in the event’s showcase. The summit follows a interactive pitch format: first, Invest Barbados will lay out the overall value proposition of investing in Barbados across all priority sectors, then pre-vetted project leaders will pitch directly to attending investors on-site to turn proposals into active, funded projects.

    While the current partnership centers on next month’s inaugural forum, Greenidge disclosed that the agreement opens the door for ongoing future collaboration with CEF beyond Barbados’ borders. “Looking ahead, we expect to participate in any future forums CEF organizes across the region and around the world, where we can continue to pitch Barbadian projects to global investors. Even this first event is not exclusive to Barbados – developers from across the Caribbean will also bring their projects to the table, with Barbados serving as the regional host for this year’s summit. As CEF expands across the Caribbean in coming years, Invest Barbados will remain a core partner,” she confirmed.

    Organizers describe CEF 2026 as a historic first for the Caribbean, marking the region’s first dedicated deal origination and investment platform purpose-built to rewrite the rulebook for how capital flows into Caribbean development. Unlike traditional industry conferences, which focus on discussion rather than action, CEF is structured as a goal-oriented deal-making environment. It is designed to cut down the standard 12 to 24-month timeline required to connect project sponsors with banks, development finance institutions, private investors and government stakeholders, compressing that process into just 48 hours to deliver tangible, finalized investment outcomes.

    The partnership between Invest Barbados and CEF marks a major milestone in Barbados’ long-term strategy to establish itself as the leading regional hub for capital mobilization and sustainable economic transformation across the Caribbean. Under the terms of the agreement, Invest Barbados will serve as CEF’s premier founding partner, with the event officially branded as “Caribbean Economic Forum 2026, Powered by Invest Barbados.”

  • Raveen Koelfat DSB benoemt Raveen Koelfat tot Chief Commercial Officer

    Raveen Koelfat DSB benoemt Raveen Koelfat tot Chief Commercial Officer

    Leading Surinamese financial institution De Surinaamsche Bank N.V. (DSB) has formally appointed Raveen Koelfat to the position of Chief Commercial Officer (CCO), following official approval from the Central Bank of Suriname. Koelfat officially joined the bank’s executive management team in April 2026, marking a key leadership update for one of the country’s prominent banking organizations.

    In his new executive role, Koelfat will take ownership of DSB’s overall commercial strategy, and lead ongoing efforts to expand and strengthen the bank’s core commercial business operations. His appointment comes after more than a decade of service within DSB, where he has built a deep track record across multiple commercial and client-facing roles since joining the institution in 2013.

    Over his 13-year tenure at DSB, Koelfat has held a range of progressively senior leadership positions across the commercial division. These include stints as Head of Commerce, Manager of Corporate Banking, Manager of Corporate Lending, and Senior Relationship Manager. Across these roles, he has accumulated extensive hands-on experience in all areas of commercial banking, contributed to the development of customer-centric financial solutions, and played an integral part in driving the bank’s sustained commercial growth over the years.

    DSB officials noted that the elevation of Koelfat to the C-suite reflects the institution’s strong confidence in his longstanding commitment to the bank and the deep institutional expertise he has developed over his career. In his new capacity, Koelfat will prioritize expanding DSB’s market position, with a specific focus on nurturing long-term, sustainable client relationships and advancing strategic market development initiatives across Suriname’s banking sector.

    With Koelfat’s addition to the executive team, DSB’s board of statutory directors now comprises four core C-suite leaders: Alexander van Petten, Chief Operations Officer; Waldo Halfhuid, Chief Financial Officer; Ashna Kamta, Chief Risk Officer; and Raveen Koelfat, Chief Commercial Officer.

  • Belize’s Economy is Valued at US $3 Billion

    Belize’s Economy is Valued at US $3 Billion

    On May 20, 2026, the World Bank Group’s Board of Executive Directors greenlit a new five-year Country Partnership Framework that maps out a collaborative path with Belize’s government to drive private sector-led economic expansion across the small Central American-Caribbean nation.

    Per World Bank data, Belize’s total gross domestic product currently sits at roughly US$3 billion, marking meaningful progress in macroeconomic stability after years of targeted government policy reforms. In recent years, the country has cut its public debt-to-GDP ratio sharply from 103% down to 62%, while unemployment has dropped to an unprecedented 2.1% — a historic low for the nation. Economic activity has also rebounded strongly from recent global shocks, positioning Belize for further expansion if persistent structural and climate-related risks can be addressed.

    The largest pillar of Belize’s economy, tourism, accounts for nearly 50% of total national output, but the sector remains exceptionally exposed to the accelerating impacts of climate change. Ongoing degradation of Belize’s iconic barrier reef, a top global tourist attraction and critical natural infrastructure, poses direct threats to not only tourism but also commercial fishing and agricultural production. Reef damage also amplifies the country’s vulnerability to storm surges and other climate-fueled extreme weather events that can derail economic activity.

    To tackle these climate risks, the new partnership framework allocates World Bank financing to upgrade critical public infrastructure: improving drinking water systems, expanding sanitation access, overhauling waste management practices, and supporting climate-resilient agricultural techniques, with a specific focus on vulnerable coastal communities that bear the brunt of climate impacts. The strategy also outlines a goal to position Belize as a key transportation and trade hub connecting the Caribbean region and mainland Central America, unlocking new cross-border economic opportunities.

    Energy security represents another core priority of the new partnership. The World Bank notes that despite a nearly 50% jump in peak energy demand over the past decade, Belize has not added significant new domestic electricity generation capacity, and currently imports half of its power through volatile global spot markets. This leaves the country exposed to extreme price swings and supply disruptions. To resolve this gap, the framework supports policy overhauls for the energy sector, upgrades to national electricity grid management, and creates new incentives to attract private sector investment in domestic energy generation.

    The plan also confronts long-standing labor market challenges, including a widespread shortage of skilled workers and a stark gender participation gap. As of mid-2025, less than 50% of working-age women were active in the labor force (either employed or actively seeking work), compared to nearly 75% of working-age men. World Bank analysis identifies unequal responsibility for unpaid childcare as one of the primary drivers of this persistent gap.

    To close this divide, the strategy allocates funding for expanded investment in early childhood education and affordable childcare services in low-income and underserved communities. This investment is designed to remove barriers that keep women out of the workforce or from pursuing further education and professional training, boosting inclusive economic growth across the country.

    Belizean Prime Minister John Briceño expressed strong support for the new partnership, reaffirming his administration’s commitment to building on recent economic gains while expanding opportunity for all Belizeans. “This partnership with the World Bank Group will support us in that effort,” Briceño said.

    Lilia Burunciuc, World Bank Director for the Caribbean, emphasized the institution’s long-term commitment to Belize’s development trajectory, saying “The World Bank Group is steadfast in supporting Belize’s next phase of growth.” The full strategy will pool resources from four key World Bank Group institutions — the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) — under a coordinated “One World Bank Group” delivery model.

  • Employers urged to prioritise worker wellbeing as sickness claims rise

    Employers urged to prioritise worker wellbeing as sickness claims rise

    Across Saint Lucia, rising rates of employee burnout, increased sick leave usage, and the growing burden of non-communicable diseases (NCDs) are pushing the island’s human resource industry to call for urgent action from local employers to elevate workforce wellbeing as a core business priority.

    The official appeal from The Association of Human Resource Management Professionals (Saint Lucia) Ltd. (AHRMP) arrives as the National Insurance Corporation (NIC) has documented a steady uptick in sickness benefit claims. Projections from the NIC warn that if current public health trends remain unchanged, this number will continue to climb in coming months and years.

    In a public statement issued Wednesday, AHRMP framed the crisis as far more than a standalone public health issue. It has evolved into a systemic workforce challenge and economic headwind that threatens both individual business success and the broader national development of Saint Lucia.

    “A healthy workforce is no longer simply a wellness issue – it is a business imperative,” stated AHRMP President Goretti Paul in the address.

    Paul explained that poor employee health directly manifests in costly operational outcomes: higher rates of unplanned absenteeism, persistent on-the-job fatigue, lower team engagement, reduced output per worker, and increased strain on daily organizational operations. Businesses that choose not to invest in building healthier work environments, she warned, put their long-term performance, operational resilience, and overall sustainability at serious risk.

    The association also emphasized that modern workplace health challenges extend far beyond physical illness. Mental and emotional wellbeing have emerged as equally critical factors that can shape employee performance and overall workplace effectiveness, with unaddressed mental health issues creating hidden costs for businesses of all sizes.

    To contextualize the global scale of the issue, AHRMP cited recent data from the World Health Organisation (WHO), which estimates that 12 billion working days are lost to depression and anxiety across the globe every year. That lost workforce capacity translates to roughly $1 trillion USD in global productivity losses annually.

    In Saint Lucia, the same patterns hold: chronic stress, occupational burnout, long-term physical illness, and untreated mental health challenges are all dragging down workforce engagement and weakening organizational bottom lines.

    To reverse these trends, AHRMP is encouraging local employers to expand existing workplace wellness programs and scale up preventative health initiatives. It specifically called for increased focus on mental health awareness, the creation of healthier physical and cultural work environments, proactive workload management, and intentional support for employee work-life balance.

    “Employees are navigating increasingly demanding realities both inside and outside of the workplace,” Paul noted, adding that modern work and life pressures have created new expectations for employer support that many organizations have yet to meet.

    “Organisations must therefore become more intentional about how work is structured, how people are managed, and how supportive workplace practices are integrated into daily operations. Investing in workforce wellbeing strengthens performance, retention, resilience, and overall business sustainability,” Paul explained.

    The association also expressed support for the growing national focus on occupational safety, health, and wellness across Saint Lucia. It called for sustained cross-sector collaboration between employers, labor groups, government agencies, and other key stakeholders to drive systemic improvements to workforce health across the island.

    At its core, AHRMP’s message urges all local organizations to reposition employee wellbeing as a strategic business priority, one that is directly tied to organizational productivity, business resilience, and long-term inclusive economic growth for the entire nation.

  • Double challenge

    Double challenge

    Jamaica’s fragile economic recovery is confronting a dual crisis that threatens to derail its already muted growth projections, the Planning Institute of Jamaica (PIOJ) has cautioned. The island nation continues to grapple with long-running disruptions from Hurricane Melissa, which made landfall as a devastating Category 5 storm in October 2024, and now rising global energy costs driven by Middle East geopolitical tension have stacked additional pressure on macroeconomic stability.

    Data released by the PIOJ shows the Jamaican economy shrank by 5.9% in the first quarter of 2025, with the bulk of that contraction directly tied to lingering damage from Hurricane Melissa. Speaking at the institute’s quarterly economic briefing on Wednesday, PIOJ Director General Dr. Wayne Henry underscored Jamaica’s persistent structural exposure to global market shocks, noting that escalating oil and commodity prices are already dragging down domestic trade and production output across multiple key sectors.

    “If global oil prices stay elevated for a prolonged stretch, Jamaica will encounter substantial headwinds that undermine core economic metrics,” Dr. Henry explained. “Higher energy costs will push up domestic inflation, widen the country’s existing trade deficit, slow real gross domestic product growth, and put significant strain on government fiscal performance.”

    One of the hardest-hit sectors is expected to be tourism, Jamaica’s largest source of foreign exchange. Dr. Henry noted that rising fuel-driven costs for airfare, cruise operations and local business overhead are already suppressing international visitor demand. In the first quarter of 2025, the accommodation and food services industry contracted by 20.4%, driven by a 17% overall drop in visitor arrivals, a 27.5% fall in stop-over visits, and a 1.1% decline in cruise passengers. Preliminary early data for the second quarter (April-June 2025) already records a nearly 23% drop in airport arrivals compared to the same period one year prior.

    Energy-intensive domestic industries including mining and manufacturing are also facing upward pressure on operational costs, compounded by persistent global supply chain disruptions that limit access to critical production inputs. “Virtually every major industry will face negative headwinds from higher energy prices and elevated costs for key imported inputs like fertilizer, which are experiencing shortages and price hikes due to supply chain constraints tied to the ongoing Middle East conflict,” Dr. Henry added.

    Geopolitical disruption has sent oil prices soaring past the $100 per barrel mark: since the outbreak of the United States-Iran conflict in late February 2025, shipping disruptions in the Persian Gulf and the closure of the Strait of Hormuz, a critical global energy chokepoint, have created extreme price volatility that hits energy-import dependent nations like Jamaica disproportionately hard. For Jamaica, this volatility has already spilled over into higher inflation, a worsening trade balance, and slower GDP growth.

    “Looking at the trade balance, higher global prices for energy, grain, fertilizer and international shipping have all driven up the total cost of Jamaica’s imports. Higher input costs also push up prices for domestically produced goods, eroding their competitiveness in international export markets,” Dr. Henry said, adding that the country’s trade deficit is almost certain to widen as import costs outpace export earnings. Heightened investor uncertainty in global markets is also expected to reduce demand for Jamaican exports, creating additional downward pressure on domestic output and overall GDP growth.

    To counter these overlapping challenges, Dr. Henry called for the implementation of proactive, coordinated policy measures to help Jamaica build long-term economic resilience. Key priorities outlined include accelerating the transition to domestic renewable energy, strengthening supply chain linkages between the agricultural sector and the tourism industry, diversifying international source markets for tourism visitors, and maintaining vigilant, prudent monetary and fiscal management.

    “By embedding energy resilience into core tourism and domestic production strategies, Jamaica can offset the expected impacts of oil price volatility, protect household livelihoods, and lock in a more sustainable path toward inclusive economic growth,” Dr. Henry noted.

    In its latest short-term forecast, the PIOJ projects the Jamaican economy will contract by an additional 3% to 4% in the second quarter of 2025, as the combined effects of post-hurricane recovery and elevated energy and fertilizer prices continue to weigh on activity.

    Despite the grim near-term outlook, Dr. Henry highlighted a projected return to growth in the 2026/27 financial year, with forecast growth of 1% to 3% overall. That expansion is expected to be driven by stronger performance in the second half of the fiscal year (October 2026 to March 2027), when recovery from the 2025 weather shock is projected to gain momentum. Even so, Dr. Henry cautioned that if current high energy prices and supply chain disruptions persist through coming quarters, the growth forecast will likely be revised downward.

  • ProDominicana highlights growth of tobacco and rum exports as symbols of national identity

    ProDominicana highlights growth of tobacco and rum exports as symbols of national identity

    In the capital city of Santo Domingo, ProDominicana, the Dominican Republic’s trade promotion agency, marked a major milestone with the fifth iteration of its signature “Tobacco and Rum Night” — a high-profile networking and showcase event designed to lift up two of the Caribbean nation’s most culturally iconic and economically vital export goods. Against a backdrop of growing global demand for artisanal Dominican goods, the gathering assembled a cross-section of key stakeholders: top business executives, leading export operators, foreign diplomatic representatives, and core industry partners from around the world. Attendees gathered not only to celebrate the legacy of these two sectors but also to underscore their outsized role in shaping the Dominican Republic’s national identity and global brand recognition.

    Opening the event, Biviana Riveiro, Executive Director of ProDominicana, delivered opening remarks reaffirming the agency’s ongoing commitment to traditional high-value export sectors. Riveiro stressed that sustained investment and targeted promotion of tobacco and rum remain core priorities for the nation, as these industries help solidify the Dominican Republic’s competitive standing in crowded global consumer markets.

    Official trade data released at the celebration revealed strong, consistent growth across both sectors in recent months. For the tobacco industry, total exports of tobacco and related products hit approximately $1.36 billion USD in 2025, with top international markets including the United States, Germany, China, Puerto Rico, and Spain. That positive momentum carried into the new year: between January and March 2026, tobacco exports topped $364 million USD, marking a robust 19% year-over-year increase compared to the first quarter of 2025.

    The Dominican rum sector posted even stronger growth figures, continuing its steady expansion into new and existing international markets. In 2025, total rum exports crossed the $116 million USD threshold, with primary buyers concentrated in Spain, the United States, Cyprus, Haiti, the Netherlands, and Germany. In the opening months of 2026, the sector extended that upward trajectory: exports reached more than $29 million USD, representing a 26% year-over-year growth rate when compared to the same period in 2025.

  • Fans to be allowed to create AI music remixes following Spotify, Universal deal

    Fans to be allowed to create AI music remixes following Spotify, Universal deal

    Global music streaming leader Spotify has announced a groundbreaking collaboration with major record label Universal Music Group (UMG) that will open the door to legal, AI-generated song covers and remixes for users, in a move that reshapes the intersection of artificial intelligence and the music industry. Unveiled during the platform’s investor day on Thursday, the new tool will require an additional fee on top of Spotify’s standard subscription pricing, marking a new revenue stream for both the company and participating rights holders.

    Unlike unregulated AI music tools that have sparked industry-wide controversy over intellectual property rights, this new initiative will only operate with the explicit consent of featured artists. Any revenue generated from the feature will be split between the original performing artists and songwriters, ensuring that all creators benefit from user-generated AI content. Spotify Global Head of Music Charlie Hellman emphasized the historic nature of the launch, noting that it marks the first time fans have been able to legally create derivative works from authorized artist catalogues, with all original creators sharing in the new value created.

    Prior to this partnership, Spotify enforced a ban on AI-generated music that draws directly from a specific artist’s work without formal approval, even as the platform continues to allow the upload of general AI-created music, including tracks linked to AI-generated artist identities. The new deal places Spotify in direct competition with two of the fastest-growing players in the consumer AI music space: Suno and Udio, which have collectively amassed millions of active users in the past year.

    Interestingly, the two startups have followed a similar trajectory to Spotify’s new offering: after launching with little to no formal agreements with major labels or artists, both have pivoted to strike licensing deals with major industry players in recent months. Udio has already secured partnerships with both UMG and Warner Music Group, while Warner has also reached a separate agreement with Suno. Even so, UMG and Sony Music Entertainment remain locked in federal litigation against Suno over copyright infringement, with the case currently pending before a U.S. District Court in Massachusetts.

    For creators, the new AI feature is framed as an opportunity to expand their income beyond traditional streaming royalties. Hellman emphasized that the tool will deliver “a brand new source of income on top of what they already earn on Spotify.” UMG CEO Lucian Grainge echoed that positive framing, noting that the partnership prioritizes creator interests while adhering to responsible AI development principles. “This initiative is firmly artist-centric, rooted in responsible AI,” Grainge said, adding that it will “drive growth for the entire music ecosystem.”

    Alongside the AI collaboration, Spotify used its investor day to announce a second major update for paying subscribers: early access to concert tickets through a new program called Reserved. Launching in the United States this summer before rolling out to international markets, the program will allow eligible subscribers to buy tickets for shows from their favorite artists roughly 24 hours before tickets go on sale to the general public.

    Eligibility for the early access program will be determined by Spotify user listening data. The platform will prioritize fans who stream an artist’s music frequently, listen to a wide range of tracks from the artist’s catalogue, and have saved the artist’s work to their personal libraries. Eligible users will be able to purchase up to two tickets per show through Spotify’s integrated partner ticketing platform. The company says the program is designed to combat the longstanding problem of scalper bots, which buy up large blocks of concert tickets immediately after they go on sale to resell at inflated prices, a practice that has frustrated both fans and artists for decades. By restricting early access to verified, highly engaged fans, Spotify aims to ensure more tickets end up in the hands of genuine concertgoers rather than resellers.

  • Dominican Republic surpasses 1.1 million Canadian tourists

    Dominican Republic surpasses 1.1 million Canadian tourists

    The Caribbean nation of the Dominican Republic has cemented its standing as one of the most sought-after getaways for Canadian travelers, officially crossing the milestone of 1.1 million annual visitors from Canada, new government data confirms. The figures were unveiled by the Dominican Ministry of Tourism during a high-profile tourism promotional roadshow hosted recently in Montreal, Canada.

    Speaking at the industry gathering, Dominican Tourism Minister David Collado outlined the outsized importance of the Canadian market to the country’s $10-billion-plus tourism economy, noting that just two Canadian provinces – Ontario and Quebec – account for the vast majority of northern American travelers, generating nearly 1 million combined visits in the latest reporting period. Breakdown data shows Ontario led with more than 544,000 tourist arrivals, while Quebec contributed over 446,000 travelers to the Caribbean destination.

    Collado emphasized that Quebec alone makes up 39% of all Canadian tourist arrivals to the Dominican Republic, ranking it among the country’s most valuable and consistent international tourism source markets. Beyond strong visitor demand, the minister highlighted the robust air connectivity that underpins the growing travel relationship between the two nations. He revealed that by 2025, more than 6,700 flights will operate between Canada and the Dominican Republic across 29 non-stop routes, with flights maintaining an impressive average occupancy rate of 83% – a figure that signals strong, sustained consumer demand for travel between the two regions.

    At the Montreal promotional event, held May 13 at the city’s Four Seasons Hotel, senior Dominican tourism officials showcased the country’s diverse portfolio of top travel destinations, from the iconic palm-fringed shores of Punta Cana and the lush whale-watching hubs of Samaná to the emerging surf and eco-tourism destination of Miches, the historic capital city of Santo Domingo, the golden coastlines of Puerto Plata, and the golf and resort hub of La Romana. Officials also highlighted a pipeline of new hotel development projects designed to expand accommodation options and attract a broader range of Canadian travelers, from budget-friendly family groups to high-end luxury seekers.

    One of the most striking insights shared at the roadshow came from visitor satisfaction data: 92% of Canadian tourists surveyed after their trips said they intend to return to the Dominican Republic for future vacations, while more than half confirmed they would actively recommend the country to friends and family as a top vacation spot. When asked what draws them to the Caribbean nation, Canadian travelers consistently cited its world-class white-sand beaches, year-round warm tropical climate, widely popular all-inclusive resort model, and convenient non-stop flight access from Canadian cities as core factors driving their travel decisions.

    The invitation-only roadshow brought together key stakeholders from across North America’s travel ecosystem, including senior leaders from Canadian travel agencies, major commercial airlines, international tour operators, and tourism industry associations. The core goals of the event were to strengthen existing commercial partnerships, align on collaborative marketing strategies, and lay the groundwork for continued sustainable growth in two-way travel between Canada and the Dominican Republic.

    Looking ahead, industry analysts expect the Dominican Republic to retain its position as one of the top Caribbean destinations for Canadian travelers for the foreseeable future, driven by consistent investments in new hotel infrastructure, industry-leading air connectivity, and growing consumer demand for sun-and-sea beach vacations and luxury all-inclusive resort experiences.

  • IICA and FEPALE strengthen regional Cooperation to advance sustainable dairy development

    IICA and FEPALE strengthen regional Cooperation to advance sustainable dairy development

    Top agricultural and dairy industry bodies have announced deepened collaboration to drive a more competitive, environmentally resilient dairy sector across Latin America and the Caribbean, following a high-level technical gathering hosted at the Inter-American Institute for Cooperation on Agriculture (IICA) headquarters in San José, Costa Rica.

    The meeting brought together IICA Director General Muhammad Ibrahim and Ariel Londinsky, Secretary General of the Pan-American Dairy Federation (FEPALE), to assess the progress of existing joint projects and map out new avenues for regional alignment in the dairy space. A core focus of the talks was advancing the Regional Sustainable Development Agenda for the Dairy Sector in Latin America and the Caribbean, a cross-institutional initiative already backed by FEPALE, IICA, CAF – Development Bank of Latin America and the Caribbean, and the global Dairy Sustainability Framework (DSF).

    This collaborative program targets stronger regional coordination across key priorities for the dairy industry: boosting productive sustainability, building climate resilience, strengthening institutional capacity, and expanding technical knowledge sharing. It also leverages the standardized DSF methodology to align efforts and systematically track progress across participating nations and stakeholders.

    Beyond the regional sustainability agenda, participants discussed the critical role IICA could play in supporting the rollout of the landmark Mercosur-European Union Association Agreement, specifically focusing on core dairy-related provisions. These include managing export and import tariff rate quotas, aligning sanitary and phytosanitary standards, expanding equitable market access, and harmonizing regulations governing protected denominations of origin.

    Upgrading the quality and accessibility of reliable industry data was also flagged as a urgent collective priority. The two organizations committed to expanding joint work between FEPALE’s specialized Dairy Sector Observatory and IICA’s Observatory of Public Policies for Agrifood Systems (OPSAa). The partnership will strengthen systematic data collection processes and generate more actionable, strategic data to inform evidence-based policymaking, ongoing sector monitoring, and critical business decision-making across the region.

    Officials also explored opportunities to align ongoing initiatives with the Southern Agricultural Council and IICA’s network of national country offices, with the goal of advancing a cohesive regional strategy centered on three pillars: accelerating technological innovation, driving inclusive territorial development, and building more sustainable end-to-end dairy value chains.

    Looking ahead to the next phase of partnership, the two institutions have scheduled a High-Level IICA–FEPALE–CAF Technical Discussion Forum to be held in the final quarter of this year. The gathering will bring together key stakeholders to unpack emerging opportunities and persistent challenges facing the sustainable transformation of the regional dairy industry.

    Longer-term planning also confirmed continued collaboration ahead of the 7th Pan-American Meeting of Young Dairy Farmers, set to be hosted in Chile in 2027. The event prioritizes nurturing youth leadership in the sector, facilitating generational knowledge transfer, and spurring greater innovation in small and large-scale dairy production systems across the Americas.

    In a closing highlight, meeting participants identified an opportunity to amplify regional voices on global sustainability platforms, discussing plans to engage a broad cohort of regional dairy stakeholders in the upcoming UN Climate Change Conference of the Parties (COP) set to take place in Türkiye. Participants framed the global summit as a critical platform to demonstrate Latin America and the Caribbean’s collective commitment to integrating sustainability, ambitious climate action, and food security across the dairy sector.

    The high-level meeting concluded with both institutions formally reaffirming their shared commitment to expanding targeted technical cooperation, and advancing the long-term goals of boosting competitiveness, embedding sustainable practices, and deepening global integration for the dairy industry across the Americas.