分类: business

  • 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.

  • Trading blame

    Trading blame

    A fierce dispute has erupted across Jamaica’s agricultural sector following Hurricane Melissa’s October devastation, with farmers and vendors engaging in mutual blame over escalating food prices that are straining consumer budgets.

    In St. Elizabeth parish, frustration among growers has reached critical levels. Dale Williams, a corn and cassava farmer from Hope River Lane, asserts that intermediaries known locally as ‘higglers’ are disproportionately inflating prices after purchasing produce at reasonable farm gate rates. “They triple their money because they know demand is high,” Williams explained, noting that this practice unfairly damages farmers’ reputations while making essential goods unaffordable for hurricane-affected communities.

    The conflict reveals deeper structural issues within Jamaica’s food distribution network. Anthony Smith, a potato and watermelon cultivator from Ridge Pen, reported selling sweet potatoes at $100 per pound to higglers who subsequently retailed them in urban markets like Kingston for $400-500 per pound. Similar markups affect yam ($600/lb) and scallion ($1,000/lb), creating disincentives for agricultural production as farmers increasingly abandon cultivation for more profitable trading roles.

    Coronation Market in Kingston, the island’s primary produce bazaar, reflects these tensions through volatile pricing. While most vegetables have increased by approximately $50 over two weeks, Scotch bonnet peppers dramatically jumped from $3,000 to $4,000 per pound, highlighting the extreme post-hurricane supply constraints.

    Vendors vigorously dispute farmers’ allegations, citing their own operational challenges. Iesha, a Coronation Market trader, emphasized that transportation costs, hurricane-related scarcity, and necessary markups prevent selling at farm prices. “If the farmer sells for $10, we can’t sell for $10,” she stated, referencing increased dependence on expensive imports due to damaged local supplies.

    Agricultural entrepreneur Sheldon Dockery provided broader context, noting that rising fertilizer, fuel, and transportation expenses—exacerbated by Jamaica’s infrastructure challenges—contribute significantly to end prices. Meanwhile, vendor Mark reported barely breaking even on scallions due to customer resistance, indicating complex market forces beyond simple profiteering.

    This supply chain discord emerges as Jamaican consumers face painful choices between nutritional needs and economic reality, with farmers and vendors each defending their positions in a strained post-disaster economy.

  • 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.

  • JPS named CACU utility provider of the year

    JPS named CACU utility provider of the year

    KINGSTON, Jamaica — The Jamaica Public Service Company Limited (JPS) has received the prestigious Utility Provider of the Year award, marking the first presentation of this honor by the Consumer Advisory Committee on Utilities (CACU) in collaboration with the Office of Utilities Regulation (OUR).

    This distinguished accolade celebrates JPS’s comprehensive dedication to superior customer service, technological advancement, and unwavering national support. The evaluation framework for this new award category assessed utility companies across multiple critical dimensions: customer experience, service reliability, operational fairness, and strategic technological implementation.

    Selection methodology incorporated both public voting participation and empirical data gathered during the OUR’s extensive 10-week mystery shopping investigation conducted earlier this year.

    Pia Baker, Senior Vice President for Customer Experience and Commercial at JPS, emphasized that this recognition validates the company’s systematic modernization initiatives aimed at revolutionizing customer interactions. “This acknowledgment holds profound significance for our organization. We have deliberately pursued transformational changes in customer service delivery — expanding self-service capabilities through the MyJPS App, enhancing accessibility via the MyJPS Care Hub, minimizing customer wait times, and elevating service quality across all communication channels,” Baker stated.

    Baker specifically commended JPS frontline personnel for maintaining exceptional professionalism and empathy during challenging circumstances, particularly following Hurricane Melissa’s devastation. “While many customers experienced understandable distress during the hurricane aftermath, our teams demonstrated remarkable patience and dedication while simultaneously managing their personal recovery situations,” she observed. Baker additionally recognized business process outsourcing partner iTel for providing crucial support in maintaining voice contact operations.

    The utility executive framed the award not as a final achievement but as inspiration for continued customer-centric evolution. “We express gratitude to our customers who consistently provide feedback, voice concerns, and push us toward daily improvement. Customer service represents an ongoing journey of adaptation, listening, and progressive development,” Baker concluded.

    JPS continues to disseminate operational updates through its official website, social media channels, and traditional media outlets. Customers can monitor post-Hurricane Melissa restoration progress via the company’s dedicated restoration portal at https://www.jpsco.com/hurricane-melissa-restoration-updates/.

  • Hah-R-Mony Entertainment joins private-sector recovery push after Hurricane Melissa

    Hah-R-Mony Entertainment joins private-sector recovery push after Hurricane Melissa

    JAMAICA – In a significant demonstration of private sector mobilization, Hah-R-Mony Entertainment Limited has taken a leadership role in Jamaica’s post-hurricane recovery efforts as the island nation races against time to prepare for the imminent winter tourist season following Hurricane Melissa’s devastation.

    The entertainment conglomerate, which operates across approximately 21 hotels primarily along Jamaica’s tourism-dependent northern coastline, has deployed specialized crews, utility trucks, and heavy-duty equipment throughout Montego Bay. Their mission: clearing obstructed roadways, removing fallen trees, and eliminating hazardous debris that threatens the region’s accessibility.

    This strategic intervention aims to accelerate the restoration of vital transportation corridors while providing crucial support to Jamaica Public Service teams working to rebuild electrical infrastructure including downed light poles and other essential utilities.

    Garth Ramsay, Senior Director at Hah-R-Mony Entertainment, emphasized the company’s recognition of its fundamental role within Jamaica’s tourism ecosystem. “We transcend traditional entertainment services,” Ramsay stated. “As integral components of Jamaica’s economic infrastructure, we understand that tourism disruptions immediately affect local families. By deploying our resources to clear access routes and assist utility restoration, we’re facilitating a safer, accelerated return to normalcy for both visitors and residents alike.”

    CEO Ho-Chi-Min Castillo Rollfort characterized the initiative as embodying a broader vision of public-private collaboration and national resilience. “This represents the private sector functioning as a strategic force multiplier,” Rollfort explained. “Economic delays directly impact employment and livelihoods. Our field operations operate with urgency because temporal efficiency is critical. We maintain close coordination with public authorities to ensure safety compliance and honor our service commitments to guests. Today’s recovery pace directly translates into tomorrow’s stability for Jamaican families.”

    These efforts coincide with intensified clean-up operations across St James and adjacent parishes, where private stakeholders are converting high-level recovery pledges into concrete actions aimed at restoring infrastructure, operational readiness, and market confidence along Jamaica’s crucial tourism corridors.

    With the peak tourism season rapidly approaching, industry executives report that this coordinated public-private response is establishing the foundation for a robust and rapid post-hurricane economic recovery.

  • PLH Barbuda to Pump US$100M Into Economy in 2026, Employing 800 People, PM Says

    PLH Barbuda to Pump US$100M Into Economy in 2026, Employing 800 People, PM Says

    Prime Minister Gaston Browne has unveiled significant economic projections for Barbuda’s development during Parliament’s 2026 Budget presentation, highlighting the PLH project as a transformative economic catalyst. The luxury development initiative is forecast to generate approximately US$100 million in economic value for Antigua and Barbuda next year while creating employment opportunities for 800 workers.

    The Prime Minister emphasized that PLH represents one of the nation’s most substantial private-sector investments, serving as a primary engine for income generation and job creation on the island. Notably, local employment has reached exceptional levels with 80% of the project’s workforce comprising Barbudan residents—demonstrating how large-scale development directly benefits indigenous communities.

    Beyond immediate employment, the construction activities are projected to generate tens of millions in wages, contractual agreements, and procurement opportunities for local suppliers throughout 2026. This substantial economic injection underscores the project’s massive scale and its pivotal role in Barbuda’s broader economic expansion.

    Additionally, PLH is providing robust fiscal support to the Barbuda Council through tax revenues and fees exceeding $5 million annually. This steady revenue stream enables the Council to enhance public services and strengthen its financial sustainability.

    Positioned as a cornerstone of Barbuda’s tourism and real estate sector growth, the PLH development progresses alongside other major initiatives including Nikki Beach Barbuda’s residential phase, which anticipates commencing sales in early 2026. Further details regarding Barbuda’s development trajectory are expected during the upcoming budget debate sessions.

  • Marriott at Yeptons Beach on Track for Winter 2027 Opening, PM Says

    Marriott at Yeptons Beach on Track for Winter 2027 Opening, PM Says

    Prime Minister Gaston Browne has officially confirmed that construction of the new Marriott resort at Yeptons Beach is advancing according to schedule, with a targeted opening in winter 2027. The announcement was made during the presentation of the nation’s 2026 budget, where the Prime Minister highlighted this development as a cornerstone of a broader national strategy to revitalize the tourism sector.

    Browne positioned the Marriott project within a portfolio of high-value tourism investments currently transforming the nation’s hospitality landscape. This strategic push aims to significantly increase room capacity, attract premium international visitors, and solidify the country’s competitive standing within the Caribbean tourism market. The initiative is being driven by robust economic indicators, including elevated visitor expenditure, a strong rebound in cruise ship arrivals, and growing demand for high-profile international conferences and events.

    The Yeptons Beach Marriott is one of several multi-million dollar developments slated for completion within the next three years. It joins an impressive roster of projects such as the ultra-luxury One&Only Half Moon Bay, Murby Resorts, the expansive Buccaneer Beach development, and the exclusive Nikki Beach Barbuda residences. This construction boom is further amplified by the government’s preparations to host the 2026 Commonwealth Heads of Government Meeting, which is expected to draw significant global attention and visitor traffic.

    While specific architectural details and amenities for the new Marriott property were not disclosed in the budget address, the Prime Minister assured that all construction milestones are being met on time. Additional insights and detailed updates on the nation’s hospitality sector expansion are anticipated when the parliamentary budget debate reconvenes next week.