The closure of Nutrien’s operations at the Point Lisas Industrial Estate in Trinidad has sparked significant concerns over the management of the country’s energy sector. Former Energy Minister and Prime Minister Stuart Young attributed the shutdown to what he termed “unfortunate mismanagement,” warning of its potential to undermine Trinidad and Tobago’s global competitiveness. The shutdown, confirmed on October 23, has already begun to disrupt the supply of carbon dioxide (CO₂) to local and regional manufacturers, including those in the carbonated beverage industry, a key export sector for the nation. Nutrien cited port access restrictions and unreliable natural gas supply as primary reasons for the decision, which has impacted its Trinidad Nitrogen operations’ cash flow over an extended period. Despite the closure, Nutrien remains confident in meeting its 2025 nitrogen sales targets, supported by its North American production. Young emphasized the critical role of the energy sector as a major foreign exchange earner and employer, stressing the importance of maintaining investor confidence and fostering respectful relationships with energy companies. He criticized the current government for failing to uphold these principles, warning of potential long-term plant closures and broader economic fallout.
分类： business
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Antigua Cabinet Orders End to All Tax Concessions Effective November 30
In a significant move to overhaul its fiscal policies, the government of Antigua and Barbuda has declared that all existing tax concessions for businesses and entities will be terminated effective November 30. This decision is part of a broader reform aimed at enhancing transparency, aligning policies with national priorities, and fostering fair competition. Starting December 1, 2025, businesses and ongoing projects will need to reapply for concessions under a new framework designed to ensure that incentives align with the country’s sustainable development and investment goals. Maurice Merchant, the Director General of Communications, emphasized during a post-Cabinet briefing that this measure will enable the government to reassess which sectors genuinely require support. He highlighted that the initiative aims to “promote fair competition” and strengthen accountability in the allocation of tax benefits. Merchant also pointed out that past broad-based concessions were often misused by businesses for projects beyond their original approval scope. The reform is expected to realign incentives with long-term objectives, including investments in green energy, tourism diversification, and the development of health and education sectors. While the decision will impact industries such as tourism, manufacturing, and renewable energy, officials clarified that qualified projects will still receive support. However, the reapplication process will ensure that incentives are appropriately scaled and compliant with updated national policies.
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Integration of sustainable energy practices and regional tourism subject of new cross-sector agreement
The Caribbean Electric Utility Services Corporation (CARILEC) and the Caribbean Hotel and Tourism Association (CHTA), alongside its affiliate, the Caribbean Alliance for Sustainable Tourism (CAST), have formalized a groundbreaking Memorandum of Understanding (MOU) aimed at enhancing the Caribbean’s energy and tourism sectors. Signed on October 20, 2025, during the opening of the annual CARILEC Resilient Energy Community (CAREC) Conference and Exhibition in Santo Domingo, Dominican Republic, the agreement seeks to foster collaboration between these critical industries. The partnership focuses on promoting sustainable energy practices, accelerating renewable energy integration, and bolstering climate resilience within the region’s tourism and hospitality sectors. Additionally, it aims to support economic development and environmental responsibility. The MOU outlines a collaborative framework across five key areas: knowledge exchange and research, policy and regulatory enhancements, disaster preparedness and resilience, membership opportunities and joint promotional efforts, and workforce development and capacity building. CARILEC emphasized that this initiative aligns with its overarching goal of achieving a sustainable energy future for the Caribbean. Furthermore, CARILEC has expanded its membership criteria to include Large Commercial Prosumers—businesses and institutions with at least 20 kW of grid-connected generation capacity. This inclusion allows tourism operators and self-generating enterprises to participate directly in regional dialogue, share best practices, and influence policies for cleaner, more resilient, and economically sustainable energy systems. The signing ceremony featured Mr. Wayne M. Caines, Chairman of CARILEC’s Board of Directors, and Dr. Cletus Bertin, CARILEC’s Executive Director, who highlighted the partnership’s potential to bridge energy and tourism for tangible progress in renewable energy deployment and disaster resilience. Mr. Sanovnik Destang, President of CHTA, underscored the interconnectedness of tourism and energy, noting that hotels and resorts are among the largest energy users in the region. He cited renewable energy projects in Aruba, Barbados, and Dominica as examples of progress but emphasized the need for greater adoption. The MOU also establishes a Joint Working Group to develop annual work plans, monitor implementation, and evaluate progress. The agreement is set for an initial term of three years, with provisions for renewal by mutual consent. This alliance aims to empower Caribbean utilities and tourism stakeholders to collaborate toward a cleaner, more resilient, and energy-efficient future, strengthening sustainable economic growth and competitiveness across the region.
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The International Seed Testing Association and IICA collaborate to upgrade seed testing and certfificationin region
In a landmark virtual ceremony, the International Seed Testing Association (ISTA) and the Inter-American Institute for Cooperation on Agriculture (IICA) formalized a groundbreaking partnership aimed at revolutionizing seed quality testing and certification systems across the Americas. The memorandum of understanding was signed by ISTA President Ernest Allen and IICA Director General Manuel Otero, marking a significant step toward agricultural modernization and food security in the region. The collaboration will focus on sharing technical expertise, training personnel, standardizing seed analysis protocols, and enhancing the capabilities of certification and quality assurance bodies. Ernest Allen emphasized the transformative potential of the agreement, stating, ‘This partnership is a bridge between our organizations. Just as a small seed can grow into something extraordinary, we expect this alliance to flourish into a robust collaboration benefiting all 34 IICA Member States.’ Manuel Otero highlighted the critical role of seeds in agricultural development, stressing the need for actionable strategies to improve quality of life across the hemisphere. The partnership will also promote regional technological innovation and facilitate greater participation in international seed trade, ensuring the Americas remain at the forefront of agricultural advancements.
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Tropic Wear Celebrates 30+ Years as Antigua’s Destination for Authentic Levi’s® & Dockers® Collections
Tropic Wear, the premier authorized retailer of Levi’s® and Dockers® brands in Antigua and Barbuda, continues to uphold its esteemed legacy of delivering high-quality, trusted fashion to the island community. Strategically situated at #17 Heritage Quay (bottom floor) in St. John’s, this iconic store has been a beacon of style and exceptional service for over three decades. Renowned as the go-to destination for authentic Levi’s® and Dockers® apparel, Tropic Wear now showcases the latest Spring/Summer 2025 collections, blending contemporary trends with timeless classics that epitomize both brands. From the legendary Levi’s® 501® jeans and trucker jackets to Dockers® smart-casual essentials, the store offers versatile pieces tailored to suit every lifestyle. To celebrate the new season, Tropic Wear is offering an exclusive 30% discount on cozy sweaters, Levi’s® denim, and Dockers® apparel for both men and women, featuring a diverse range of wardrobe staples. ‘We take immense pride in serving our community and visitors for over 30 years,’ said a spokesperson. ‘Our customers have made us a part of their lives across generations, and we remain dedicated to upholding this tradition with exceptional fashion, value, and service.’ Tropic Wear extends heartfelt gratitude to its loyal patrons and warmly invites everyone to explore its newest arrivals. Whether you’re seeking a modern wardrobe update or a timeless Levi’s® classic, Tropic Wear promises the perfect fit for every style. Visit #17 Heritage Quay, St. John’s, Antigua, or call (268) 462-6251 for more information.
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Sandals, local fisherfolk discuss boosting sustainable seafood supply
Sandals Resorts International (SRI) has taken significant steps to establish a sustainable and reliable seafood supply chain in Saint Vincent and the Grenadines (SVG) by engaging directly with the local fishing community. On October 14, representatives from Sandals SVG, alongside Winsbert Harry, President of the National Fisherfolk Organization (NFO), and members of the Barrouallie Fishing Cooperative, conducted a site visit to a proposed storage and processing facility in Barrouallie. The visit highlighted critical areas for improvement, including investments in storage infrastructure, ice supply, and handling systems, all designed to meet the resort’s stringent quality and efficiency standards. Discussions also centered on diversifying the seafood supply by incorporating species such as butterfish (coral trout) and various groupers, in addition to the resort’s existing offerings. The collaboration deepened on October 15, when Sandals hosted a workshop at the resort for NFO and cooperative members. The session focused on understanding seasonal seafood demand, assessing feasible catch volumes, reviewing pricing models, and mapping out logistics for direct delivery to the resort. Participants also addressed training needs in quality control, proper handling, and cold storage management to align with international hospitality benchmarks. As a tangible outcome, the parties agreed to launch a trial program centered on tuna, supported by recently installed fish aggregating devices that have boosted tuna availability. The NFO is set to finalize a target species list and propose a delivery structure in the coming weeks, with training sessions planned to ensure quality and traceability. This initiative reflects SRI’s broader commitment to community empowerment and the integration of locally sourced, high-quality ingredients into its culinary offerings. Matthew Flynn, SRI’s senior purchasing manager, emphasized that the partnership exemplifies Sandals’ ethos of linking tourism with community development. ‘By investing in local capacity and strengthening the seafood supply chain, we are creating meaningful opportunities for Vincentian fisherfolk while providing our guests with the freshest taste of the Caribbean,’ Flynn remarked.
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Nevisian businesswoman Shobaina Prince wins Taiwan ICDF Entrepreneurial Elite Pitch Competition
Nevisian entrepreneur Shobaina Prince, founder of Native Radiance, has emerged victorious in the Entrepreneurial Elite Pitch Competition, a key initiative under the Taiwan International Cooperation and Development Fund’s (ICDF) Women’s Employment, Entrepreneurship, and Financial Inclusion (WEEEFI) Project. The competition, held at the Nevis Performing Arts Center (NEPAC), showcased six female-led businesses, each presenting innovative ideas to a panel of judges. Prince secured the top prize of a US$3,000 grant, awarded by H.E. Edward Tao, Ambassador of the Republic of China (Taiwan) to St. Kitts and Nevis, and Hon. Spencer Brand, Minister of Labour in the Nevis Island Administration (NIA).
The event marked the second phase of the WEEEFI Project, now integrated into the Sustainable Island State Phase One Project. Claudia Walwyn, Project Coordinator, emphasized the initiative’s goal to foster entrepreneurial skills and economic development through vocational training and financial support. Participants benefited from cash grants to either launch or enhance their businesses, with the top three entrepreneurs receiving additional recognition and funding.
Patricia Haliday, owner of Vera SKN Hair and Skin Care, claimed second place with a US$2,000 grant, while Vincia Alexander secured third place for her renewable energy microgrid project, earning a US$1,000 grant. All six participants received certificates of participation, underscoring the program’s commitment to empowering women entrepreneurs in Nevis and beyond.
Prince’s success highlights the transformative impact of initiatives that promote gender equality in entrepreneurship, driving innovation and economic resilience in the Federation of St. Kitts and Nevis.
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Post-BERT, CTUSAB urges fairer share of growth for workers
The Congress of Trade Unions and Staff Associations of Barbados (CTUSAB) has issued a stark warning that the nation’s economic recovery will remain incomplete unless workers see tangible benefits from growth. CTUSAB President Ryan Phillips emphasized this during a press conference on Wednesday, as the organization assessed progress under the Barbados Economic Recovery and Transformation (BERT) programme, backed by the International Monetary Fund (IMF). While acknowledging BERT’s successes in areas like employment recovery, macroeconomic stability, and climate resilience, Phillips stressed that economic growth alone is insufficient if workers do not share in its rewards. He highlighted ongoing challenges such as stagnant wages, high living costs, and financial strains on state-owned enterprises. Phillips argued for wage increases tied to productivity, stronger social protection systems, and greater worker involvement in policy-making. He also raised concerns about the exodus of skilled Barbadians seeking opportunities abroad, warning that this talent drain threatens job security and national competitiveness. Prime Minister Mia Mottley recently noted that while the formal IMF arrangement under BERT is ending, the government will continue structural reforms, keeping the IMF engaged for future collaboration. Phillips outlined six priorities for the next phase of recovery: sustainable job creation, enhanced social protection, worker participation in policy implementation, equitable economic gains, skills development, and addressing the high cost of living. He urged policymakers to prioritize people in the nation’s economic strategy, declaring, ‘Economic recovery without social justice is incomplete.’ The BERT programme, launched in 2018 to address a severe debt crisis, has evolved through phases focusing on fiscal consolidation, green transformation, and now ‘shock-proofing’ Barbados against climate volatility and supply chain instability.
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Uber rolls in, pledging safety, opportunity – for taxis only
Uber, the global ride-hailing giant, has officially introduced its services in Barbados, marking a significant milestone in the Caribbean region. The launch event, held at the Hilton Barbados Resort, highlighted Uber’s commitment to modernizing transportation while positioning itself as a collaborator rather than a competitor to the local taxi industry. Over 400 licensed taxi operators have already joined the Uber Taxi platform, which is exclusively designed for registered taxi drivers. Belén Romero, Uber’s Regional General Manager for the Andean, Central America, and Caribbean region, emphasized the company’s goal to address a critical gap in Barbados’ transport market. Romero expressed enthusiasm about supporting tourism and providing a seamless experience for Uber’s 1.9 million global users, many of whom travel internationally. She also underscored the benefits for local drivers, including enhanced earning opportunities, access to innovative technology, and improved safety features. Romero welcomed competition from local taxi associations planning to develop their own ride-hailing apps, stating that it fosters innovation and improves user experiences. Additionally, Uber is collaborating with the Barbados Police Service to strengthen safety protocols, leveraging its global team of experts and over 30 safety features to ensure passenger and driver security. The Uber Taxi product in Barbados offers drivers flexibility, access to a global user base of 149 million, and advanced safety tools. Alongside its core ride-hailing service, Uber has introduced Uber Hourly for time-based bookings, ideal for island tours, and Uber Reserve, allowing trips to be scheduled up to 90 days in advance. The launch has sparked discussions within the transport sector, with traditional taxi operators advocating for fair regulations and a level playing field.
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Aftrek van voorbelasting: hoe zit het nu?
The Value Added Tax (VAT) Law of 2022, which came into effect on January 1, 2023, has now become a familiar concept for entrepreneurs. However, as the Tax Administration begins its enforcement checks, it has become evident that certain aspects, particularly the deduction of input VAT, remain unclear. This article delves into the mechanics of input VAT deductions, exceptions, and why the 0% VAT rate, such as in supplies to contractors and subcontractors in the oil and gas sector, does not negate the right to deduct. Input VAT refers to the VAT paid by businesses on expenses like purchasing goods, hiring services, or office supplies. This VAT can be deducted from the tax on turnover, provided these expenses are used for taxable supplies. A fundamental principle of the VAT system is that the tax is ultimately borne by the end consumer, not the entrepreneur. Entrepreneurs act as intermediaries and can deduct the VAT paid on business expenses, provided there is a direct link to taxable supplies. Taxable supplies include goods or services subject to VAT rates like 10%, 5%, or 0%. Even supplies under the 0% rate are considered taxable, meaning input VAT on related costs remains deductible. For instance, supplies and services to contractors and subcontractors in the oil and gas sector, as per Annex 1 of the VAT Law, are subject to a 0% rate if they fall under the Petroleum Act 1990. This provision ensures that the right to deduct is preserved for suppliers or service providers. However, the 0% rate can lead to misunderstandings, with some assuming that no VAT charged means no right to deduct, which is incorrect. There are exceptions to input VAT deductions, such as expenses related to food, beverages, tobacco, gifts, staff benefits in kind, and personal cars (with some exceptions). These exclusions are legally mandated and apply to all VAT-registered businesses, including those subject to the 0% rate. In summary, input VAT is deductible if linked to taxable supplies, the 0% rate does not affect the right to deduct, and there are specific legal exceptions. Entrepreneurs must be prepared to substantiate how business expenses relate to taxable activities during Tax Administration checks.