分类: business

  • TSTT raises US$481m

    TSTT raises US$481m

    Port of Spain, Trinidad and Tobago – State-backed national telecommunications provider Telecommunications Services of Trinidad and Tobago (TSTT) has closed a landmark dual-currency secured bond issuance raising a combined US$481 million equivalent, a deal that refinances all of its outstanding debt maturing in 2029 and pushes its full repayment timeline out seven years to 2036, the firm announced in an official statement on Wednesday. The two-tranche offering consists of US$305 million in U.S. dollar-denominated senior secured notes carrying a 9.75% annual coupon, alongside TT$1.192 billion (valued at roughly US$176 million) in local currency senior secured notes with an 8.68% interest rate. Both sets of new notes have been listed on the Luxembourg Stock Exchange, creating a transparent, internationally regulated trading platform for global and domestic holders. The full proceeds from the issuance were deployed to fully redeem TSTT’s legacy 2029 notes, which previously carried a US$300 million tranche at 8.875% interest and a TT$1.156 billion tranche at 8.30% interest. Priced on October 27, 2026, the transaction strategically extends the company’s overall debt maturity profile, eliminating near-term refinancing risk at a time when global emerging market capital conditions remain tight and selective. TSTT marks the first corporate issuer from Trinidad and Tobago to tap the U.S. international capital markets in a 15-month stretch, a milestone that company leadership described as a testament to its steadily improving market standing. The U.S. dollar tranche was marketed via a four-day global roadshow that saw TSTT’s executive team hold in-person and virtual meetings with over 70 emerging market-focused investors across North America, Europe, and Latin America, ultimately drawing commitments from more than 40 distinct institutional accounts. The local currency TT dollar tranche, by contrast, followed a month-long domestic pre-marketing campaign that garnered interest from over 45 local institutional and high-net-worth investors. The final pricing delivered notable spread compression relative to TSTT’s 2019 inaugural bond issuance, with the U.S. dollar notes seeing a 190 basis point reduction in spread over relevant sovereign benchmarks, and the TT dollar tranche posting a 150 basis point spread cut. TSTT leadership attributed the improved financing terms to years of targeted operational upgrades, a more robust balance sheet, and a 2023 credit rating upgrade from S&P Global that lifted its long-term issuer rating from B+ to BB-. TSTT Board Chairman Kern Dass noted the overwhelming investor response reflected broad market confidence in the firm’s multi-year turnaround and long-term strategic roadmap. “Our board remains unwaveringly committed to responsible corporate stewardship and the strict financial discipline required to build a profitable, resilient national telecom operator that directly fuels Trinidad and Tobago’s broader economic development,” Dass stated. Acting Chief Executive Officer Reza Hosein emphasized that the extended debt timeline would unlock significant new operational flexibility, freeing up capital previously earmarked for near-term debt repayment to fund ongoing network expansion and infrastructure modernization across the country. “This refinancing is the direct payoff of years of cross-team work to strengthen TSTT’s financial health and operational performance. By pushing our maturity dates out seven years, we gain far greater room to meet all existing obligations while ramping up investment in the 5G-ready broadband and mobile networks that every household and business in Trinidad and Tobago relies on,” Hosein explained. Global financial institutions Citi and Scotiabank served as joint bookrunners for the U.S. dollar tranche and lead managers for the local currency TT dollar notes, while ACERO Capital acted as TSTT’s independent financial advisor for the full transaction. Adrian Guzzoni, Citi’s Head of Latin America Debt Capital Markets, highlighted that the deal secured strong cross-regional investor backing even amid persistent volatility in global fixed income markets. “Against a turbulent macro backdrop that has sidelined many emerging market issuers, this transaction drew enthusiastic support from both international institutional investors and local stakeholders. We are proud to have partnered with TSTT to hit its refinancing targets and extend its maturity runway,” Guzzoni said. Dennis Eisele, Scotiabank’s Managing Director and Head of Latin America Fixed Income Origination, described the deal as a landmark demonstration of TSTT’s market credibility. “This refinancing is a clear signal of broad investor confidence in TSTT’s trajectory, and it underscores the rare ability of a regional Caribbean corporate to successfully access both deep international capital pools and its vibrant domestic investor base. We were honored to combine our global capital markets expertise with on-the-ground local Caribbean market knowledge to help TSTT hit this critical long-term financing milestone,” Eisele added. TSTT’s final post-transaction assessment noted that the combination of dual-currency execution, broad cross-market investor participation, meaningful spread reduction, and multi-year maturity extension creates a far more stable financial foundation for the telecom provider for the next decade.

  • Ambergris Development Plan Fuels Consultation Fight

    Ambergris Development Plan Fuels Consultation Fight

    A sweeping $600 million transformative development blueprint targeting northern Ambergris Caye in Belize has ignited widespread public pushback, as local residents, industry leaders and community representatives decry the project’s advancement without meaningful, early public input. The ambitious initiative, outlined in a 489-page 2025 Inter-American Development Bank (IDB) commissioned report, lays out far-reaching proposals including the relocation of the existing John Greif II Airport, construction of a new dedicated cargo port near Santa Cruz Bay, large-scale new residential communities, and system-wide upgrades to critical public infrastructure spanning roads, water and sewer networks, healthcare and education facilities, renewable energy systems, electric public transit and enhanced waste management frameworks. Proponents of the plan argue that relocating the currently urban-situated airport would unlock San Pedro land for affordable housing and public mixed-use spaces, accommodate surging tourist traffic to buoy Belize’s core tourism sector, while the new cargo port would streamline supply chain logistics and attract long-term foreign direct investment. Additional planned residential zones in Cayo Francés and Grand Belizean Estates are framed as a solution to San Pedro’s crippling overcrowding crisis, with dedicated affordable housing stock designed for the island’s large low- and middle-income hospitality workforce, 75% of whom currently spend three-quarters of their earnings on rent and basic food costs. Despite these stated benefits, cross-sector stakeholders were largely unaware of the multi-year plan’s details until its recent public circulation, with representatives from the Belize Tourism Industry Association noting even major commercial airline carriers had not been briefed on the proposed airport relocation. Local community advocacy group Ambergris Northern Alliance has raised urgent alarms that the island’s already strained environmental and existing infrastructure systems cannot support development of this scale, with projected construction posing severe risks to fragile mangrove ecosystems and coral reefs that form the backbone of Ambergris Caye’s tourism economy. Opposition United Democratic Party caretaker for Belize Rural South Gabriel Zetina further highlighted critical gaps in pre-planning, confirming no formal Environmental Impact Assessment (EIA), no finalized operational business plan, and no formal public feedback sessions have been completed prior to the government’s advancement of the $600 million investment. Elected Area Representative for Belize Rural South Andre Perez has since acknowledged the validity of community concerns, committing that officials will pause the project’s rollout to return to full, inclusive public consultation processes that center voices of working-class island residents as well as formal industry and municipal stakeholders. San Pedro Mayor Wally Nunez has also clarified that all major proposals including the airport relocation remain non-binding recommendations from the IDB, rather than finalized, irreversible government decisions, as local leaders work to align the large-scale development plan with the community’s stated priorities.

  • Who Pays the Price for Ambergris Caye’s Airport Expansion?

    Who Pays the Price for Ambergris Caye’s Airport Expansion?

    On November 6, 2026, long-simmering tensions over the future of Ambergris Caye’s critical aviation infrastructure escalated, as a key political figure stepped into the public debate surrounding the Government of Belize’s high-stakes airport expansion initiative. The multi-million-dollar development blueprint, as confirmed by official civil aviation leadership, outlines the construction of a brand-new airport facility in the northern region of the popular tourism hub, with a formal timeline to permanently decommission the existing John Greif II Airport in downtown San Pedro Town by 2030. The proposal has already sparked widespread pushback from local small business operators, cross-sector tourism industry stakeholders, and San Pedro Town Mayor Wally Nunez, who have flagged unaddressed risks to local livelihoods, tourism accessibility, and community mobility. This week, Gabriel Zetina, United Democratic Party (UDP) Caretaker for Belize Rural South, joined the fray to demand far more rigorous public and independent scrutiny of the project, pointing to contradictory public messaging from elected officials that has sown confusion across the island. Zetina highlighted a recent meeting hosted by the Belize Tourism Industry Association (BTIA) focused on the airport overhaul, where the local area representative publicly claimed there were no plans to shutter the existing John Greif II Airport. Zetina emphasized that this account directly conflicts with formal statements from Belize’s Prime Minister, who now holds the civil aviation portfolio after the previous minister, Andre Perez, was removed from the post two years prior following personal misconduct. As the ultimate authority on civil aviation policy, the Prime Minister has publicly confirmed the 2030 closure timeline for the existing airport, a detail further corroborated by Max Greif, who attended the BTIA gathering and shared that he received explicit confirmation of the closure timeline directly from the Chief Executive Officer of the Ministry of Civil Aviation. For his part, Mayor Wally Nunez has sought to calm public anxiety by stating that any potential airport relocation would not be implemented for at least another 20 years, pushing back against the 2030 timeline laid out by central government authorities. The conflicting accounts have left local residents and tourism operators in limbo, as they await full public disclosure of the project’s full cost breakdown, economic impact assessments, and mitigation plans to offset potential disruptions to the island’s $100+ million annual tourism economy. This report is adapted from a transcript of the outlet’s evening television newscast, with spoken Kriol remarks transcribed using a standardized, community-approved spelling system to preserve full accuracy of public statements.

  • NTUCB Urges Shift from Infrastructure to Food Security

    NTUCB Urges Shift from Infrastructure to Food Security

    Released on November 6, 2026, this latest development from Belize’s labor advocacy landscape highlights a growing push from the National Trade Union Congress of Belize (NTUCB) to reorder national government spending priorities amid a persistent cost-of-living crisis that is pushing millions of local households to the financial brink. For countless Belizean families, the most pressing daily challenge is no longer the delayed paving of a local road or the rollout of new public housing units: it is stretching already strained household budgets far enough to put three nutritious meals on the table for every member of the family each week.

    NTUCB President Ella Waight emphasized that the national labor body does not dismiss the long-term value of ongoing infrastructure, housing, and agricultural support initiatives that the current administration has launched in recent years. Waight acknowledged that existing government programs providing farm seeds, saplings, agricultural education partnerships with local schools, and small-scale support for backyard home gardening have already delivered tangible small wins for communities. She noted that many Belizean households with unused backyard space can easily grow staple herbs and vegetables such as cilantro and cucumbers, generating consistent weekly savings that add up to meaningful financial relief over time, and that expanded agricultural scholarships and formal advanced farming training programs could build a far more sustainable local food ecosystem that cuts reliance on costly imported produce. Waight also pointed out that massive amounts of seasonal local fruit including mangoes go to waste on the ground every harvest season, representing a missed economic opportunity to process surplus crops for domestic sale and export to generate additional household and national revenue.

    Even as the NTUCB expresses support for well-designed public works programs, fair taxation frameworks that fund essential public services, and women-focused home ownership schemes, Waight stressed that no long-term development project can take priority over immediate action to prevent food insecurity for vulnerable families. She revealed that the NTUCB drafted a comprehensive, actionable set of policy recommendations targeted at easing the national cost-of-living burden months prior, submitting the full document directly to both the Prime Minister and the Minister of Finance, but that the labor advocacy group has received no formal response or feedback on the proposed measures to date. The organization is now calling on the administration to fast-track review of these proposals and redirect non-urgent infrastructure funding to immediate food security support to prevent further household financial distress across the country.

  • Bank of Baroda records financial successes after mulling closure

    Bank of Baroda records financial successes after mulling closure

    GEORGETOWN, GUYANA – Nov 6, 2026: Just six years after Bank of Baroda, the India-headquartered global commercial lender, was on the verge of winding down its entire Guyana footprint, the institution is celebrating unprecedented financial milestones alongside the official inauguration of its purpose-built new headquarters at the intersection of Carmichael and Quamina Streets in central Georgetown.
    Addressing attendees at the opening ceremony, Bank of Baroda Global Managing Director and CEO Debedatta Chand laid out staggering performance metrics that underscore the bank’s dramatic local turnaround: total aggregate business volume has surged from GY$28.7 billion in the 2022-23 fiscal year to more than GY$51.2 billion in 2025-26, marking a nearly 29% year-over-year growth rate for the latest reporting period. Local deposit volumes climbed over 31%, while outstanding loans and advances expanded by more than 22%, driving net profit to GY$774 million for the latest fiscal cycle. Most notably, the bank has executed a striking overhaul of its loan portfolio health, slashing non-performing assets from GY$314 million to a mere GY$38 million, a 87.9% reduction in bad debt over the period.
    Guyana’s President Dr Irfaan Ali, who delivered keynote remarks at the event, recalled the pivotal 2020 negotiation that altered the bank’s trajectory in the country: shortly after securing victory in that year’s general and regional elections, he was informed Bank of Baroda intended to fully exit the Guyanese market, a decision he worked actively to reverse. “I could not be more elated to stand here today launching this state-of-the-art new headquarters with all of you, compared to that day in 2020 when we sat across the table discussing your planned withdrawal from our economy – this is a night and day difference,” Ali told the audience.
    The head of state went on to challenge Bank of Baroda to deploy a larger share of its global parent capital to tap into Guyana’s robust, low-risk lending landscape, where official central bank data shows national non-performing loan ratios have fallen to just 1.3% of total outstanding credit. “This statistic is a powerful signal of three critical strengths: the high overall quality of lending across our financial sector, the strong repayment capacity of Guyanese borrowers, and the remarkable resilience of our entire financial system, paired with sustained, broad-based credit expansion,” Ali explained. He cited latest macroeconomic data showing private sector credit grew 19% year-over-year in 2025, while the first six months of 2026 delivered 15.5% total domestic credit growth, 11.5% expansion in private sector lending, a 21.2% jump in real estate mortgage disbursements, and 8.1% growth in loans to service sector businesses. Ali emphasized these gains are not inflated by low base effects, but represent consistent, accelerating growth across successive reporting cycles.
    Chand, who expressed unbridled optimism about Guyana’s ongoing economic transformation, noted the country’s fast-expanding oil and gas sector, paired with targeted public and private investments in infrastructure, agriculture, renewable energy, and small and medium-sized enterprises, has unlocked unprecedented cross-sector opportunities for local financial institutions. “We see enormous untapped potential for the banking industry to serve as a core engine driving this national transformation, and Bank of Baroda is fully committed to being a leading, active participant in Guyana’s high-growth economic story,” he stated. The CEO outlined upcoming plans to expand the bank’s local product suite, including major upgrades to digital, mobile and internet banking platforms, enhanced card services, expanded trade finance offerings, streamlined cross-border remittance services, and more accessible payment solutions tailored to the unique needs of Guyanese individual customers and domestic businesses. Chand noted the new, spacious, customer-centric headquarters is far more than a symbolic real estate upgrade: it is designed to cut operational friction, deliver a more professional work environment for local staff, and scale the bank’s service capacity to match the fast-growing demands of Guyana’s expanding economy. The event was also attended by Guyana’s Finance Minister Dr Ashni Singh, Bank of Baroda (Guyana) Inc. Chairman Nishant Rajan, and local subsidiary Managing Director Mohit Bakuni.

  • BBA Pitches Smarter Future for Belizean Commuters

    BBA Pitches Smarter Future for Belizean Commuters

    On November 6, 2026, the Belize Bus Association (BBA) formally addressed public misconceptions regarding its position on recent national transportation reform efforts, while announcing a forthcoming technology-focused strategic plan to elevate commuter experiences across the country. In an exclusive telephone interview, BBA President Froylan Gilharry pushed back against unsubstantiated claims that the industry group had sought to derail proposed transit legislation, emphasizing that the association’s advocacy over recent months had centered on strengthening, not obstructing, the regulatory framework for all transport operators. Gilharry explained that the BBA had conducted months of extensive stakeholder outreach, collecting on-the-ground insights, decades of operational experience from large and small bus fleet owners, independent operators, and leadership from the national bus company, to draft targeted amendments to the initial reform bill. The proposed adjustments were designed to embed robust independent oversight, full financial transparency, fair proportional representation for every industry participant, and mandatory conflict-of-interest recusal protocols for any parties with direct financial ties to transit operations involved in regulatory decision-making. The BBA leader noted that it was deeply disheartening to see public officials mischaracterize the group’s collaborative advocacy efforts as obstruction, stressing that the proposed amendments were crafted to protect the long-term interests of both transport workers and the broader Belizean public, rather than serve narrow factional goals. Following the passage of the initial reform bill without the BBA’s proposed safeguards, and amid growing fragmentation between competing transport industry factions, the association has pivoted to develop a standalone, innovation-centered transit improvement blueprint tailored to address gaps in the current regulatory structure. The upcoming plan will leverage digital tools to streamline route scheduling, real-time commuter tracking, fare collection systems, and fleet maintenance monitoring, with the stated goal of creating a more accessible, reliable, and equitable public transit network that serves rural and urban communities alike across Belize.

  • Barbados ramps up cannabis research efforts

    Barbados ramps up cannabis research efforts

    Delivering a landmark address at the recent BAJCAN Cannabis Expo held at Bridgetown’s Hilton Hotel last Friday, Barbados’ Minister of Agriculture, Food and Nutritional Security Dr Shantal Munro-Knight laid out a bold national roadmap to position the eastern Caribbean island as a leading regional epicenter for cannabis-focused biotechnology and cutting-edge research. The centerpiece of the government’s strategy is the development of one of the Caribbean’s most advanced tissue culture laboratories, scheduled to launch in the St Philip parish before the end of the current calendar year, purpose-built to meet strict international quality and safety benchmarks. A dedicated national cannabis seed bank will follow shortly after the lab’s launch, designed to safeguard the archipelago’s unique indigenous cannabis genetic strains from unauthorised external appropriation, a measure the minister framed as a critical investment in long-term local intellectual property sovereignty.

    Citing explosive growth in the global medicinal cannabis sector, which hit a valuation of $19.7 billion in 2025 and is on track to surge to $26.9 billion in 2026, Dr Munro-Knight emphasized that Caribbean nations collectively hold unprecedented untapped potential to carve out competitive advantages across high-value segments including specialized biotech research, standardized third-party product testing, and evidence-based therapeutic innovation. A former inaugural chief executive officer of the Barbados Medicinal Cannabis Licensing Authority (BMCLA), the minister drew on her first-hand experience building the local industry from scratch to outline the layered, systemic hurdles that small island developing states (SIDS) face in scaling the sector.

    The most pervasive unaddressed barrier, she noted, is the long-documented “elephant in the room” of global banking restrictions, which she described as a systemic, cross-border challenge rather than a flaw in domestic regulatory frameworks. Risk-averse global financial institutions continue to carry deep historical bias against communities with longstanding cultural ties to cannabis, creating de facto exclusion from standard financial services for legitimate licensed cannabis operators across the region. Even with recent shifts in global policy including the United States’ formal rescheduling of cannabis under federal drug laws, SIDS remain locked out of equitable access to global capital flows by a global financial system structured around Anglo-Saxon liberal capital capture, she explained.

    Additional persistent challenges include deep-seated public stigma rooted in decades of cultural and legal prohibition, widespread public confusion between evidence-based medicinal cannabis applications and unregulated recreational use, and lingering public anxiety about unforeseen societal harms that require sustained, targeted public education campaigns to counter. To illustrate the plant’s tangible therapeutic value, Dr Munro-Knight shared a personal anecdote about her own father, who lives with debilitating chronic muscle spasms and relies on regulated medicinal cannabis oil to manage his symptoms and maintain quality of life, reinforcing the urgent need to center patient outcomes in all industry regulatory design.

    Rejecting fragmented, nation-by-nation approaches to industry development, the minister issued a rousing call to action for all Caribbean industry stakeholders, regulators, and policymakers to align on shared regional standards for testing, intellectual property protection, and cross-border advocacy to push back against discriminatory global financial barriers. “The systemic headwinds stacked against small island states in this space cannot be overcome by any single nation acting alone,” she told expo attendees. “Our path to long-term, sustainable success lies in coordinated regional collaboration, rather than isolated national strategies.”

  • Maritieme sector biedt jongeren nieuwe kansen door groei olie- en gasindustrie

    Maritieme sector biedt jongeren nieuwe kansen door groei olie- en gasindustrie

    On November 6, the Maritime Authority Suriname (MAS) launched its three-day 15th annual Maritime Open Days, a public outreach event designed to connect local youth, secondary vocational students, and industry stakeholders with fast-expanding career and training pathways in the country’s booming offshore oil and gas maritime ecosystem. The event, running through Saturday, features exhibits from dozens of sector companies and public organizations that showcase hands-on maritime operations, accredited vocational programs, and long-term career trajectories for new entrants to the blue economy.
    Presiding over the opening ceremony on behalf of President Jennifer Simons, Transport, Communication and Tourism Minister Raymond Landveld emphasized that the rapid expansion of Suriname’s offshore energy sector brings far more than short-term economic gains: it imposes new, non-negotiable obligations for operational safety, rigorous environmental stewardship, and the deliberate cultivation of local professional expertise to ensure national wealth stays within domestic borders. Landveld pushed back against narrow metrics of industry success that center only on total oil production volumes or foreign direct investment inflows, arguing that the true measure of progress is how much generated value circulates to benefit Suriname’s general population. He specifically called on young Surinamese people to pursue specialized maritime training to claim active, leading roles in the fast-growing blue economy.
    During the event, Oil, Gas and Environment Minister Patrick Brunings unveiled a sweeping new set of regulatory measures to strengthen national marine ecosystem protection and oil spill response capacity. The government will first conduct a comprehensive baseline survey of Suriname’s entire maritime territory to map the current ecological health of coastal and offshore waters, creating a standardized reference point to accurately measure future environmental shifts and assess the impact of industrial activity. Brunings also announced that the national oil pollution disaster response framework will be fully expanded to cover not just offshore oil leaks, but also chemical spill incidents occurring in both marine zones and inland river systems. He framed access to higher specialized maritime education as a core national priority, stating that advanced technical training is no longer a personal choice for Surinamese citizens in the country’s current “Suriname 3.0” development phase, but a collective national duty to build long-term self-sufficiency.
    Industry leaders also highlighted the critical role of targeted skill development for sustainable sector growth. TotalEnergies Suriname General Manager Artur Nunes da Silva noted that robust hydrographic expertise forms the foundational backbone of safe commercial shipping, sustainable extraction of maritime resources, and long-term, inclusive economic expansion. MAS Director Michel Amafo praised the cross-sector participation that made the 15th Open Days a success, and announced that the president of the World Maritime University will attend the 2027 iteration of the event, as a growing cohort of Surinamese students graduate from the prestigious international institution to fill high-skilled roles in Suriname’s maritime and offshore energy sectors.

  • Accountants told adapt to AI while protecting public trust

    Accountants told adapt to AI while protecting public trust

    Delivering a keynote address at the Institute of Chartered Accountants of Barbados (ICAB) annual gathering held at the Lloyd Erskine Sandiford Centre last Friday, ICAB president Damien Skeete laid out a clear vision for the future of the island’s accounting sector, framing rapid artificial intelligence and data analytics adoption as both a transformative opportunity and a key test of the profession’s long-standing commitment to public trust. Skeete outlined how emerging AI tools have already upended traditional auditing workflows: processes that once required entire teams of chartered accountants to manually sift through thousands of individual transaction records can now be augmented by intelligent systems that scan full datasets in real time, flag hidden anomalies, surface emerging operational trends, and pinpoint unmitigated risks far faster than manual review processes ever allowed. Beyond streamlining core auditing tasks, Skeete noted that AI is rewriting fundamental frameworks for how financial information is collected, processed, and shared with stakeholders, while also reshaping daily learning patterns, workplace operations, and even professional social interactions across the entire sector. Even as technological innovation unlocks new efficiencies, the regional accounting profession faces a overlapping set of concurrent pressures: rising public and regulatory demands for full transparency and organizational accountability, growing mandatory focus on environmental sustainability and climate-related financial disclosures, persistent talent recruitment and retention hurdles, and lingering cross-border economic volatility. Against this complex operational landscape, Skeete emphasized that certified accountants hold a uniquely advantageous position to guide local businesses toward robust, data-backed strategic decisions, drawing on their deep specialized expertise in risk mitigation, corporate governance, and performance tracking. He invoked a folksy family adage to drive home the sector’s broad value, noting “as my grandmother would say, we are no one-trick pony”, before highlighting that trust remains the accounting field’s unmatched competitive advantage. This year’s ICAB conference operates under the core theme “Future Ready: Leading the Profession Through Change”, with scheduled sessions designed to explore three priority focus areas: upskilling pathways for accountants to meet evolving modern business requirements, the operational and reporting implications of climate action and natural capital accounting for local organizations, and the tangible operational benefits of centering neurodiversity inclusion to build stronger, more innovative workplace teams. Skeete told assembled industry delegates that the entire conference program is structured to unpack the single most critical question facing the sector today: how can Barbados’ accounting profession retain its relevance, build long-term organizational resilience, and uphold its decades-long reputation for public respect as market conditions shift rapidly? He argued the solution is straightforward: “The answer lies in our willingness to learn, adapt, and to lead.” Skeete also tied the profession’s evolution to Barbados’ ongoing national milestones, noting that as the nation marks 60 years of independence and five years as a republic, it will continue to rely on strong public institutions, adaptive resilient businesses, and ethically grounded leaders to drive inclusive national progress – and chartered accountants have a non-negotiable central role in supporting all three pillars of national development. He closed his keynote with a call to action for all attendees, urging the sector to “commit to being future ready, not only for our own success, but for the benefit of the businesses, communities, and the nation we proudly serve.”

  • New 5-cent coins to replace Queen’s portrait with ECCB logo and Caribbean flags

    New 5-cent coins to replace Queen’s portrait with ECCB logo and Caribbean flags

    The Eastern Caribbean Central Bank (ECCB), the regional monetary authority serving 8 Eastern Caribbean island nations and territories, is set to launch its newly redesigned 5-cent circulation coins in a phased rollout beginning next week, with Montserrat selected as the first jurisdiction to receive the updated currency units. Following the Montserrat launch, Grenada will welcome the new 5-cent coins during the week of 16 November 2026, before the remaining six participating member states of the Eastern Caribbean Currency Union (ECCU) – Anguilla, Antigua and Barbuda, Dominica, St Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines – receive their allocations during the week of 23 November 2026. The most prominent update to the new coin series appears on its obverse (front face): the longstanding portrait of Her Majesty Queen Elizabeth II that adorned the previous generation of 5-cent coins has been replaced with the official ECCB logo, encircled by the national flags of all ECCU member jurisdictions to reflect the collective identity of the regional currency union. In a deliberate move to preserve public familiarity with the widely recognized coin, the reverse (back face) retains the iconic, centuries-old image of the sailing ship *Golden Hind*, a beloved cultural marker that has featured on Eastern Caribbean 5-cent coins for decades. ECCB leadership noted that the redesign delivers a refreshed, modern visual identity for the region’s circulation currency, while honoring shared historical and cultural heritage through the retention of the familiar *Golden Hind* motif. The central bank has committed to publishing ongoing public updates as the new coins enter circulation across all ECCU territories in the coming months. Established in October 1983, the ECCB serves as the unified monetary regulatory body for all 8 ECCU member jurisdictions, overseeing currency stability and financial system integrity across the Eastern Caribbean region.