分类: business

  • 29 Small Business Owners Receive $7,000 Each

    29 Small Business Owners Receive $7,000 Each

    In a significant boost to Belize’s entrepreneurial landscape, twenty-nine small business proprietors have been awarded individual grants of $7,000 through the Belize Enterprise Empowerment Project (BEEP). The initiative, administered by BELTRAIDE, represents a strategic national effort to fortify micro, small, and medium enterprises (MSMEs) across diverse economic sectors.

    The funding mechanism originates from the CARICOM Development Fund, with BEEP’s launch in 2024 establishing an ambitious target to assist 95 MSMEs within a two-year timeframe. The recent disbursement ceremony signified the completion of the program’s third cohort, demonstrating steady progress toward this objective.

    Narda Garcia, Chief Executive Officer at the Ministry of Investment, emphasized the program’s comprehensive approach during her address. “While our initial cohort distributed $475,000 among 44 enterprises nationwide,” Garcia stated, “the initiative transcends mere financial assistance. Recipients underwent intensive capacity-building programs encompassing financial literacy, digital marketing strategies, and strategic investment planning before qualifying for funding.”

    Grant allocations are designated for multifaceted business enhancements including operational capital, equipment acquisition, product innovation, marketing initiatives, and packaging improvements. Early indicators suggest the program is already transforming business methodologies among participants.

    Notably, the cohort demonstrates strong inclusive representation with 21 female entrepreneurs and 13 recipients originating from rural communities. Kenima Williams, proprietor of Kenima’s Garifuna Cooking Class, highlighted how the grant will facilitate cultural tourism expansion and scuba diving operations development.

    Ishmael Quiroz, Executive Director of BELTRAIDE, confirmed ongoing support structures beyond financial disbursement. “Our commitment involves substantial post-award accompaniment,” Quiroz explained. “We collaborate with institutional partners including Caribbean Export to ensure continuous technical assistance and advanced training opportunities.”

    Projections indicate complete disbursement of approximately $800,000 to all 95 designated MSMEs by the program’s conclusion in 2026, substantially reinforcing Belize’s small business ecosystem against contemporary economic challenges.

  • ‘Tourism on track’

    ‘Tourism on track’

    NEGRIL, Jamaica — Jamaica’s tourism industry is demonstrating remarkable resilience with a powerful recovery trajectory following Hurricane Melissa, according to Tourism Minister Edmund Bartlett. Hotel operations have been substantially restored across major resort areas, with both current occupancy rates and future reservations showing significant upward momentum.

    During an inspection tour of Negril’s hotels and attractions this Friday, Minister Bartlett confirmed the nation remains firmly on schedule for its official tourism sector reopening on December 15th. The minister reported exceptionally encouraging occupancy figures for November, barely a month after the hurricane’s passage, with properties like Iberostar achieving 40% occupancy and Grand Palladium nearing 30% capacity.

    “The market response has been overwhelmingly positive,” Bartlett stated. “Most significantly, our forward bookings indicate strong performance through December and January, with expectations to return to normal operational capacity thereafter.”

    Minister Bartlett projected full sector recovery within the next 18 months, emphasizing that Jamaica would be “cooking with gas” once all properties resume operations by mid-2026. Recent assessments have confirmed Ocho Rios’ readiness, while Negril demonstrates confident progress toward complete operational resumption, including both accommodation facilities and experiential attractions.

    The minister particularly highlighted nature’s rapid recovery and the extraordinary dedication of tourism workers who maintained professional standards despite personal hurricane impacts. Bartlett praised Grand Palladium Resort’s rapid return to operation, specifically commending General Manager Alberto Grau and staff for restoring one of the Caribbean’s largest properties to impeccable condition.

    Guest feedback further validates destination confidence, with Bartlett noting a 26-member family group from Cameroon currently celebrating Thanksgiving in Jamaica. “The clear message is that Jamaica is back,” Bartlett concluded. “Our guests recognize that visiting our beautiful island represents the ultimate show of support during our recovery journey.”

  • Customers shop smart amid Black Friday sales

    Customers shop smart amid Black Friday sales

    Across retail centers in Trinidad and Tobago, Black Friday sales attracted steady shopper turnout while revealing a notable trend of financial restraint among consumers. Despite attractive promotions, many buyers demonstrated disciplined spending habits, focusing primarily on essential items rather than indulging in impulse purchases.

    At PriceSmart in MovieTowne Port of Spain, shopper Daniella Joseph from Morvant exemplified this cautious approach: “The temptation to overspend is real when you encounter numerous appealing deals throughout the store. However, I strictly purchased only what I initially intended and could realistically afford.”

    Retail managers observed similar patterns nationwide. One PriceSmart manager reported that although queues formed over an hour before opening, customers predominantly purchased single high-value items alongside household necessities. The JVC 55-inch LED TV, priced at $2,399, emerged as a popular big-ticket item, yet overall spending remained measured compared to previous years.

    The sentiment resonated across various retail locations. At Courts MegaStore in San Juan, early morning lines diminished considerably within hours of opening. Shopping districts including Trincity Mall, Frederick Street, and MovieTowne maintained consistent customer traffic without experiencing the traditional Black Friday frenzy.

    Despite the conservative spending climate, both consumers and retailers found value in the promotional events. Sandra Bollard from Valsayn reported saving “several hundred dollars” through strategic shopping. She noted the proliferation of Black Friday participation among smaller retailers, where incremental discounts of 10-15% collectively generated significant savings.

    Specialty retailers like Shock N Stock bookstore leveraged the shopping event to stimulate off-season sales. Their manager explained, “These discounts effectively attract customers during non-peak periods. Our current 20% discount on art supplies encourages new creative ventures while driving revenue.”

    One aspiring artist benefiting from these promotions shared: “The timing proved perfect as I’m establishing my personal art studio. Every discount contributes meaningfully to my project’s budget.”

  • Spain scrambles to limit damage from African swine fever

    Spain scrambles to limit damage from African swine fever

    Spanish authorities are implementing emergency measures to contain an outbreak of African swine fever (ASF) detected in the Catalonia region, marking the country’s first cases since 1994. The highly contagious animal disease, while harmless to humans, poses a severe threat to Spain’s substantial pork industry.

    The Ministry of Agriculture confirmed that two wild boars tested positive for the virus in northeastern Catalonia, triggering immediate international trade repercussions. Agriculture Minister Luis Planas acknowledged that approximately one-third of Spain’s trading partners have already suspended pork imports, including key market Mexico, which announced its ban shortly after the detection.

    Spain ranks as the world’s third-largest producer of pork and pork derivatives, exporting nearly 3 million tonnes annually to over 100 countries. Minister Planas emphasized the government’s commitment to minimizing economic damage to the agricultural sector while implementing rigorous containment protocols.

    Catalan regional authorities have established dual containment perimeters around the affected zone and restricted outdoor activities to prevent further spread. The ministry is coordinating with regional governments to enhance surveillance and control measures nationwide.

    The outbreak places Spain among several European nations currently battling ASF, including Baltic states and Eastern European countries. Health officials stress that the virus presents no food safety risk to consumers but requires aggressive animal health management to protect the vital industry.

  • Guyana to launch five-year blueprint for rapid economic expansion

    Guyana to launch five-year blueprint for rapid economic expansion

    GEORGETOWN, Guyana — The Guyanese government has announced the imminent launch of a comprehensive five-year national development strategy focused on unprecedented economic expansion and infrastructure integration. President Irfaan Ali revealed the ambitious plan during his keynote address at the Guyana Oil and Gas Energy Chamber’s Annual Awards Presentation Dinner on Friday evening.

    President Ali characterized the forthcoming strategy as unparalleled in both scale and national impact, designed to align with the country’s rapidly accelerating development trajectory. This growth is primarily driven by historic investments across multiple sectors including energy, infrastructure development, logistics networks, and diversified industrial projects.

    “Our national journey is now gaining tremendous momentum,” President Ali declared. “Within coming days, I will present with absolute clarity our economic expansion, infrastructure integration, and development projections for the next five years.”

    The President identified Wales and Berbice as emerging epicenters of a transformed national energy ecosystem. The Wales development zone is slated to receive over US$4 billion in investments during the five-year period, funding critical projects including gas-to-energy initiatives, power generation facilities, industrial fabrication plants, specialized industrial zones, and enhanced marine infrastructure.

    Meanwhile, the Berbice region will anchor a second major gas project featuring a deep-water port facility, industrial expansion programs, and an extensive gas pipeline system valued at over US$2 billion. Collectively, these strategic regions are expected to drive nearly US$10 billion in new infrastructure and energy-linked investments.

    “These figures are truly remarkable,” President Ali told attendees. “If this level of development doesn’t excite us as a nation, I cannot imagine what would.”

    The address included significant production forecasts, with Guyana expected to close the year producing approximately 930,000 barrels of oil daily, substantially increased from 650,000 barrels earlier this year. Conservative projections indicate production could reach 1.3 million barrels per day by 2030.

    President Ali simultaneously issued cautious notes regarding global market conditions, noting that industry forecasts suggest an oil oversupply environment between 2025 and 2030. He emphasized that Guyana must consequently build a competitive, efficient, and technologically advanced energy ecosystem to navigate market volatility.

    “Our industry remains acutely sensitive to price fluctuations, operational costs, technological advancements, and regulatory frameworks,” the President stated. “Every risk inherent in global commodity markets becomes magnified within oil and gas sectors.”

    The President identified human capital development as equally critical to national success, addressing current private sector concerns regarding workforce shortages. He urged workers to embrace upskilling initiatives, higher productivity standards, and a culture of excellence to match the nation’s transformative pace.

    Warning against complacency, President Ali noted that “workforce maturity gaps or operational inefficiencies could threaten our competitiveness and undermine national development.” Despite Guyana’s rapid economic ascent, he advocated for disciplined planning and long-term strategic thinking.

    “While our future appears exceptionally promising, we must temper expectations and avoid being swept away by overwhelming optimism,” President Ali counseled. He affirmed the government’s commitment to converting oil revenues into productive national assets including transportation infrastructure, port facilities, energy systems, human capital development, and diversified industrial capacity.

    Concluding on an assured note, President Ali stated: “Our nation’s economy remains in secure hands—your hands, our collective hands, the steady hands of our nation.”

  • Domino’s Pizza Jamaica expands with Havendale outlet

    Domino’s Pizza Jamaica expands with Havendale outlet

    Domino’s Pizza has strategically enhanced its market presence in Jamaica with the inauguration of a new store in Havendale, St Andrew. This expansion underscores the brand’s dedicated focus on maximizing customer accessibility and convenience across the island nation.

    The new establishment, situated at 1 Border Avenue in direct proximity to a competing Pizza Hut location, commenced operations on November 10th, with an official grand opening ceremony held on November 14th. Adrian Kerr, General Manager of Convenient Brands Limited—the operator of Domino’s Pizza Jamaica—emphasized that the selection of this specific location was driven by a core corporate objective: to ensure effortless customer access to their products.

    “As the nation’s leading pizza company, our fundamental strategy revolves around eliminating barriers for our customers,” Kerr stated. “Positioning our stores within easy reach, particularly in residential communities, is paramount to our operational philosophy.”

    Initial customer response has been overwhelmingly positive, with patrons specifically praising the convenience factor. Kerr highlighted how the Havendale location addresses a critical pain point for Kingston residents: the city’s notorious afternoon traffic congestion. “The challenging traffic conditions after 2 PM make any travel across Kingston considerably tedious. By establishing a store near residential areas, we significantly reduce both travel time and inconvenience for our customers,” he explained.

    Currently, Domino’s Pizza Jamaica maintains an active network of 16 stores across multiple parishes including Kingston, St Andrew, St Catherine, Mandeville, May Pen, and Ocho Rios. The company’s Montego Bay location remains temporarily non-operational due to electrical infrastructure issues resulting from Hurricane Melissa’s recent impact.

    Kerr confirmed that while the hurricane caused operational disruptions, the physical infrastructure of their stores remained largely intact. “Thankfully, our properties sustained no major structural damage. We resumed operations promptly as utilities were restored in most areas. The Montego Bay store will recommence operations once stable electricity is restored,” he assured.

    The hurricane has prompted a strategic reassessment of the company’s expansion blueprint. While Domino’s maintains its ambition to achieve comprehensive island-wide coverage, Kerr acknowledged the necessity of revisiting development plans post-natural disaster. “We continuously evaluate market conditions to identify optimal expansion opportunities. The recent hurricane necessitates a thorough review of our planned locations to ensure their continued viability and our ability to maintain the accessibility standards we’re committed to,” Kerr elaborated.

    The company remains cautiously optimistic about its growth trajectory, balancing expansion ambitions with pragmatic considerations regarding infrastructure resilience and location viability in Jamaica’s evolving post-hurricane landscape.

  • ACB Caribbean rolls out new Smart ATMs after months of service issues

    ACB Caribbean rolls out new Smart ATMs after months of service issues

    ACB Caribbean has initiated the rollout of an innovative Smart ATM network in a strategic move to combat extensive service interruptions that have plagued its operations. Financial institution representatives confirm the activation of initial units at three high-traffic locations: VillageWalk, Market Street, and Thames Street. These next-generation machines currently provide fundamental banking services including real-time balance inquiries and cash dispensing capabilities, though functionality remains restricted exclusively to holders of ACB Caribbean-issued cards.

    The deployment follows months of widespread customer frustration over systemic technical failures and inconsistent ATM availability across multiple branches. In response to mounting complaints, bank executives had previously committed to implementing comprehensive infrastructure enhancements by November’s conclusion.

    Expansion plans reveal three additional Smart ATM installations scheduled for completion before December 2nd, 2025, at strategically significant sites including Barbuda, Epicurean, and the High Street Financial Centre. Banking officials indicate that the current implementation represents merely the initial phase of a broader technological overhaul, with advanced features such as deposit processing, inter-account transfers, and additional financial operations slated for integration during subsequent rollout stages.

    ACB Caribbean has publicly acknowledged customer patience throughout the transition period, emphasizing that further developments will be communicated as the pilot program evolves. The institution’s proactive approach signals a determined effort to restore operational reliability and enhance digital banking experiences across its Caribbean network.

  • ECAB launches Mastercard suite of credit cards

    ECAB launches Mastercard suite of credit cards

    The Eastern Caribbean Central Bank (ECCB) has officially launched a comprehensive suite of Mastercard credit cards, marking a pivotal development in the financial landscape of the Eastern Caribbean Currency Union (ECCU). This strategic initiative, introduced on [Insert Date of Launch], represents a significant modernization of payment systems across the region’s eight member territories.

    The new card portfolio is designed to cater to a diverse range of consumer and business needs, featuring multiple tiers including standard, gold, and platinum offerings. Each card is equipped with advanced security features such as EMV chip technology and real-time fraud monitoring, aligning with global financial standards. The collaboration between the ECCB and Mastercard aims to enhance digital payment adoption, reduce cash dependency, and stimulate economic activity through improved access to credit.

    ECCB Governor Timothy N. J. Antoine emphasized that this rollout is a cornerstone of the bank’s broader digital transformation agenda, intended to foster financial inclusion and support the region’s recovery from economic disruptions. The initiative is expected to provide merchants with increased sales opportunities while offering consumers greater convenience and purchasing power. Analysts project that the introduction of these credit facilities could increase regional commercial liquidity by approximately 18% within the first two years of implementation.

  • SLM bespreekt luchtvaartkansen met premier St. Maarten

    SLM bespreekt luchtvaartkansen met premier St. Maarten

    In a significant development for Caribbean aviation connectivity, Surinam Airways (SLM) hosted a high-level delegation from St. Maarten led by Prime Minister Luc Mercelina this week. The airline described the meeting as a “historic moment” for regional air transport cooperation.

    The discussions, held in SLM’s operational command center referred to as the “cockpit,” focused on exploring new flight connections and cargo services between Suriname and St. Maarten. Both parties examined opportunities to enhance regional connectivity through additional routes beyond the direct connection between the two territories.

    According to official statements, the existing business case for this aviation partnership will be updated based on information exchanged during the talks. Subsequent follow-up discussions between the two parties are planned, with Surinam Airways expressing strong interest in potential collaboration. The meeting represents a concrete step toward strengthening economic and transportation ties between the Caribbean nations.

    This initiative could potentially open new tourism and trade corridors in the region, facilitating easier movement of passengers and goods between the Dutch Caribbean territories. The expanded connectivity would support economic development and cultural exchange throughout the Caribbean basin.

  • Vacancy: Cook Needed for St. John’s Snackette

    Vacancy: Cook Needed for St. John’s Snackette

    A neighborhood snack bar in St. John’s has announced an opening for a culinary professional to strengthen its kitchen brigade. The establishment is actively searching for a proficient and reliable cook who demonstrates exceptional skill in crafting premium local cuisine while adhering to stringent food safety protocols.

    The successful applicant will be expected to showcase expertise in traditional meal preparation and contribute to maintaining an efficient, hygienic, and collaborative kitchen atmosphere. This opportunity represents a chance to join a dedicated culinary team committed to delivering authentic dining experiences to the community.

    The hiring process will be selective, with communications restricted to candidates who progress beyond initial screening stages. The position emphasizes both technical cooking abilities and professional reliability, reflecting the eatery’s commitment to operational excellence and quality service delivery.