分类: business

  • Arajet adds 14th aircraft named “Salto de Jimenoa”

    Arajet adds 14th aircraft named “Salto de Jimenoa”

    Leading low-cost Dominican airline Arajet has marked a key milestone in its rapid expansion trajectory with the introduction of its 14th aircraft, a Boeing 737 MAX 8 branded “Salto de Jimenoa”. The new jet touched down at Santo Domingo’s Las Américas International Airport this week, boosting the carrier’s growing fleet capacity and expanding its ability to connect the Dominican Republic to global markets.

    What sets this new delivery apart is more than just its addition to operational capacity: the aircraft’s name was chosen to honor one of the Dominican Republic’s most beloved natural treasures, Jimenoa Waterfall, a top ecotourism destination nestled in the mountain highlands of Jarabacoa. This naming convention is part of a deliberate, long-term strategy from Arajet: the airline has committed to naming each plane after a significant natural site across the country, turning every aircraft in its fleet into a flying ambassador for the Dominican Republic’s rich biodiversity and protected natural areas.

    In comments on the delivery, Arajet CEO Victor Pacheco highlighted the dual purpose of the fleet expansion. Beyond increasing the airline’s route network and flight frequency to meet rising travel demand, Pacheco emphasized that the move aligns with the company’s core commitment to advancing sustainable tourism and inclusive economic growth across the Dominican Republic. Every flight operated by the named aircraft helps introduce international travelers to the country’s natural heritage, encouraging more responsible travel practices and supporting the growth of ecotourism economies in regional communities. Industry analysts note that the expansion positions Arajet to capture a growing share of the Caribbean travel market, while its focus on natural heritage promotion sets a new example for how airlines can tie corporate growth to destination sustainability.

  • When ingenuity is the main fuel

    When ingenuity is the main fuel

    Sixty years have passed since the Antonio Maceo Grajales Thermoelectric Power Plant (CTE), commonly known locally as “Renté”, first synchronized its generating unit to Cuba’s national power grid, and the facility still stands as an irreplaceable energy backbone for the entire eastern region of the island nation.

    Located in Santiago de Cuba, the plant has adapted its operations to run on domestically produced crude oil since the 1990s, a transition rooted in a directive from Cuba’s historic Commander-in-Chief that launched a modernization project for the facility’s 100-megawatt units. That project combined French technical support with homegrown Cuban engineering expertise, laying the foundation for the plant’s decades of continued operation, recalled Mayra McCalle Irsula, an industrial maintenance engineer who has spent more than 35 years working at Renté.

    Today, the plant faces unprecedented challenges: decades-long U.S. sanctions have frozen most imports, left warehouses with critically low spare parts inventories, and created persistent fuel shortages that limit the facility’s maximum output. But for the plant’s more than 1,000-person workforce, external pressures are nothing new, and they have responded with a commitment to local innovation rather than waiting for outside solutions, according to CTE General Director Jesús Aguilar Hernández.

    “Power generation cannot stop” is the guiding principle for the team, which has restructured its operations to guarantee uninterrupted output. Cross-functional teams combine operators, maintenance technicians, support staff and security personnel to streamline response, while maintenance crews stay on call 24/7 to address any emergency. Remote work is implemented for non-essential administrative roles where possible to keep core generation services running without interruption.

    While the plant’s total installed capacity stands at 500 megawatts, current constraints mean it can deliver a steady 285 megawatts to the National Electric System (SEN) via three fully operational units (3, 5, and 6) running at maximum capacity. Recent targeted overhauls in early 2026 brought units 5 and 6 back online after extensive repairs to circulation pumps, turbines and boilers, and the local workforce has turned to local manufacturing to replace critical imported components that are no longer available.

    In the plant’s machining workshop, that innovation becomes tangible. Eduardo Morales García, a veteran technician set to receive a 40-year service medal, explained that his team now manufactures parts that once were imported exclusively from Russia, including key shafts for Unit 5’s seawater pumps. Working with limited raw materials, the team has even redesigned critical systems to improve performance: Morales modified the boiler water supply system across multiple units, cutting unplanned downtime from failures and improving control of core operational parameters, while also developing a custom demineralized water system for the plant’s 100 MW units. For Morales and his co-workers, Renté is more than a job — it is a lifelong commitment, with the entire team ready to respond at any time of day or night, even when resources are scarce.

    Complex maintenance work on the plant’s massive generation units demands extreme precision, and transportation disruptions tied to fuel shortages have created additional staffing constraints that slow progress. Ángel Fabars Borlot, electromechanical supervisor for the Power Plant Maintenance Company, explained that even the smallest components on the 60-year-old machinery weigh tons, with clearances measured in millimeters, making every step of repair work high-stakes. Despite understaffing, the small team of highly skilled, dedicated technicians on site delivers exceptional work to keep the units running.

    Maximiliano Guisande Agüero, head of dynamic equipment at Renté who boasts 56 years of experience at the plant, led the final work to bring Unit 5 back online earlier this year. He emphasized that every day of delayed repair costs the national grid critical generation capacity, so the team dedicates every possible hour to returning units to service as quickly as possible, well aware of the country’s ongoing energy challenges.

    To secure the plant’s future for decades to come, the leadership has prioritized cultivating the next generation of skilled workers. The facility has formal partnerships with the Pre-University Vocational Institute of Exact Sciences, local polytechnic schools, and the University of Oriente, offering hands-on work placements and professional training to students to recruit and retain new talent.

    For Aguilar Hernández, reaching the 60-year milestone is both an honor and a responsibility. “It represents a challenge left to us by previous generations that we must pass on to future ones,” he said. “It requires constant work and deep commitment. More than the equipment itself, what keeps this plant running is the skill and dedication of its workforce.”

  • Dominican Republic sees 14.8% increase in tourist arrivals during Holy Week

    Dominican Republic sees 14.8% increase in tourist arrivals during Holy Week

    Santo Domingo — The Dominican Republic’s tourism sector has delivered a robust performance this year, with official data showing a double-digit rise in visitor arrivals during the key Holy Week holiday period. Tourism Minister David Collado announced that the country welcomed a total of 223,328 tourists over the observance, representing a 14.8% jump compared to visitor numbers from the same week in 2023.

    Breaking down the latest figures, Collado highlighted accelerating growth through the final stretch of the holiday: arrivals rose 18.7% across the last four days of the break, a trend that confirms the steady, ongoing expansion the country’s travel industry has seen in recent months.

    Sharing the milestone results on the social platform X, the minister framed the strong visitor numbers as a collective win for the entire Dominican tourism ecosystem. He emphasized that the outcome reinforces three core strengths of the country’s travel brand: its global reputation as a safe destination, its enduring appeal to international travelers, and its unmatched ability to create new jobs and drive broad economic activity across local communities.

    For the Dominican Republic, tourism has long stood as one of the foundational pillars of the national economy, and Holy Week ranks consistently among the busiest and most commercially important peak travel periods of the year. Every uptick in visitor arrivals translates directly to tangible gains across multiple linked industries, from rising hotel occupancy rates to increased spending at local retail outlets, restaurants, and hospitality services. This growth, in turn, supports continued investment and expansion across the full spectrum of the country’s tourism sector.

  • Region faces structural challenge to dev’t — ECCB governor

    Region faces structural challenge to dev’t — ECCB governor

    At a high-profile launch event this Thursday, Eastern Caribbean Central Bank (ECCB) Governor Timothy Antoine has laid out a bold, decade-long strategic plan aimed at doubling the Eastern Caribbean Currency Union (ECCU)’s total GDP and lifting collective citizen prosperity, centered on an initiative branded “The Big Push: Collective Action for Shared Prosperity in the ECCU”.

    Three years in the making, the plan began as a provocative question Antoine posed to regional stakeholders: what would it take to double the size of the ECCU’s economies over 10 years? Today, that hypothetical vision has transitioned into a concrete, actionable roadmap for transformative change. To deliver meaningful, inclusive growth that residents can actually feel — not just measure on spreadsheets — Antoine argues the region must completely reimagine its long-standing development model, and confront a series of unvarnished, unavoidable structural challenges holding back progress.

    Contrary to framing the region’s stagnation as a temporary, cyclical downturn, Antoine emphasizes that the ECCU’s growth obstacles are deeply structural. He outlined several critical constraints that demand urgent attention: over 80 percent of the food consumed across the bloc is imported, driving exorbitant food import costs and contributing to elevated rates of diet-related disease and mortality. Nearly 90 percent of the region’s energy comes from polluting fossil fuels, pushing up electricity prices for households and businesses and eroding the international competitiveness of local industries. Intra-regional connectivity is another persistent pain point: transport links are so costly and inefficient that it is often cheaper for ECCU residents to travel to major North American hubs like New York or Miami than to neighboring Caribbean nations such as Barbados or Trinidad.

    Additional systemic challenges include stagnant or falling labor productivity across the bloc, paired with ongoing population decline that creates a major headwind for economic expansion. Antoine also highlighted that access to credit for private sector businesses remains far too limited, a gap that stifles entrepreneurship and job creation. “How do you grow and double the size of an economy with a falling population? We have to arrest this issue, folks. We have to wrestle with these issues and we have to solve them,” he stressed.

    Antoine was clear that “The Big Push” is no empty political slogan. Instead, it is a coordinated transformation strategy that relies on cross-regional collaboration and consistent execution, with core priorities of economic diversification, enhanced climate and economic resilience, improved competitiveness, and above all, shared prosperity that puts people first. The plan’s ultimate goals are deeply tied to everyday livelihoods: it aims to create meaningful professional opportunities for young graduates at home, so they do not have to leave their communities to build careers; support local farmers to produce competitively and cut reliance on food imports; and create the conditions for small businesses to expand and generate new local jobs.

    “Taken together, these hard truths are not mere inconveniences. They are structural constraints on our growth, our resilience, and our sovereignty,” Antoine said. He warned that continued inaction on these long-standing issues carries steep costs, noting that “inaction is not neutral; it compounds and accelerates decline” — making delay no viable option for regional leaders and stakeholders.

    The ECCB governor emphasized that the 10-year plan is designed to address these gaps head-on, but stressed that the central bank cannot deliver the initiative alone. “The big push is not a panacea and it is not the responsibility of the ECCB alone,” he explained. “We can choose to either curse darkness or light a candle. This strategic plan lights candles on many of these issues, but we cannot do it alone.”

    Antoine added that while the plan is undeniably ambitious, it is a necessary step forward for the region. The ECCB’s core role is not to generate growth directly, but to create the stable, enabling conditions that make growth possible: maintaining a strong Eastern Caribbean Dollar, safeguarding the regional financial system, and building sustained confidence among investors and residents alike. Collective action across public, private, and civil society stakeholders, he said, will be the key to turning the vision of doubled, shared prosperity into a reality for all people of the ECCU.

  • Big refrigerator for Rupununi to push food supply – Ali

    Big refrigerator for Rupununi to push food supply – Ali

    Following the official inauguration of the upgraded Karasabai Airstrip in Guyana’s remote Region Nine on Saturday, President Irfaan Ali has announced a suite of targeted investments designed to turn the Rupununi region into a high-output agricultural hub, addressing long-standing logistical barriers that have stifled local economic growth for decades.

    The airstrip, which serves roughly 1,200 local residents, received a total investment of GY$1.53 billion for its expansion and modernization. Beyond enabling improved access to remote communities, the upgraded infrastructure is the cornerstone of the government’s plan to boost large-scale commercial agriculture in the area, which has already shown promising early output. President Ali confirmed that a 20-tonne industrial blast freezing refrigerator will be deployed to the region in the coming months to preserve fresh produce, meat, and other perishable goods before they are transported via air and road to markets in Georgetown and other population centers across Guyana.

    “Our goal is to maximize the economic value this new airstrip delivers to local communities,” Ali explained during the commissioning ceremony. “This 20-tonne unit will blast-freeze even locally produced meat, helping us build the cold storage capacity we need to reliably move fresh goods from Rupununi to national markets.”

    The government’s agricultural expansion strategy focuses on scaling up production of high-value crops including coffee, peanuts, ginger, and onions, in close partnership with smallholder farmers across Karasabai and surrounding areas. President Ali noted that the administration is actively facilitating private sector partnerships with local small farmers to turn agriculture into the region’s primary economic driver, unlocking sustained value from the upgraded airstrip infrastructure.

    Early results from existing commercial production in Rupununi already point to major untapped potential. Local Toka region is renowned for its large, high-quality watermelons: one farm produced 100,000 watermelons for shipment to Georgetown last year alone, with another 4,000 units shipped out just last week. Local tomato production has also hit industrial-scale output, reaching 20 kilogrammes of tomatoes per plant. For onion production, which Guyana first attempted to scale in the interior roughly 50 years ago, transportation bottlenecks have long derailed past efforts. Today, President Ali confirmed that full approval has been granted for large-scale onion cultivation, as long as local villages commit large tracts of land to the project. The government will centralize regional logistics and invest in purpose-built transportation vehicles to move onion harvests from Rupununi to national markets.

    “We’re not asking for anything more than for local villages to commit to production,” Ali said. “Follow the example of the successful watermelon farms and scale up output – that’s all we need to make this work.”

    Beyond agricultural development, the upgraded airstrip will also deliver critical public benefits to the remote region. President Ali announced that the government has reached an agreement with Jag’s Aviation to launch once-weekly scheduled commercial passenger flights to Karasabai, improving connectivity for residents. The expanded runway is also engineered to accommodate delivery drones, which will be used to transport emergency blood supplies from Lethem to Karasabai, cutting response times for critical medical emergencies.

    At the same time, the announcement leaves one key outstanding question unanswered: it remains unclear how large-scale agricultural operations will be protected against the widespread severe flooding that regularly impacts large swathes of the Rupununi region, a recurring natural challenge that could threaten crop stability and long-term output.

  • TAX CHEATS WARNED

    TAX CHEATS WARNED

    In a recent address to final-year business students at the University of Technology Jamaica’s (UTech) 2025/2026 Western Campus Seminar, hosted at Sea Gardens Beach Resort in Montego Bay, Jason Russell, president of the Montego Bay Chamber of Commerce and Industry (MBCCI) and a third-generation Jamaican business leader, has issued a stark warning to entrepreneurs engaging in tax dodging and unethical accounting practices: short-term gains from cutting corners will inevitably lead to long-term damage that cripples business growth.

    Russell, who oversees popular local hospitality ventures including Pier One Restaurant and Deja Hotel, drew on decades of hands-on business experience to challenge the common perception that off-the-books operations and under-the-table earnings deliver greater profits than legitimate, transparent practice.

    “I’ve seen countless entrepreneurs buy into the idea that operating in the black market or cutting corners on tax compliance brings bigger rewards,” Russell told the gathered students. “But the reality is far from that. When you intentionally fudge your books to hide income, you end up creating a mess you can’t untangle. I’ve mentored businesses that keep three separate sets of accounting records, all designed to mislead regulators. When you dig into those books, you can’t reconcile missing funds, basic entries are wrong, and no one can track where the money actually went — that’s by design, but it’s a design that sinks growth.”

    He went on to note that Jamaica’s modern tax regulatory system has closed gaps that once allowed under-declaration to go undetected. “The government has built a robust, interconnected system that requires full disclosure to produce consistent, reconcilable financial records. Any attempt to hide income will leave obvious gaps that can’t be explained away when auditors or third parties review your books,” he explained.

    Russell emphasized that his own family-owned hospitality businesses have maintained 100% tax compliance from their founding, a choice that has created long-term value that unethical operators can never access. “At Pier One and our hotel, we take pride in being fully transparent with all our tax obligations. Too many tax dodgers miss the big picture: they hide income for years, then when they need financing from a bank to expand, they have no verifiable financial history to back up their claims of success. You can tell a bank you make a million dollars a month, but if your bank statements only show $10,000, and you have no record of a decade of operations, lenders aren’t going to take you seriously. Even if you drive a luxury car and own a big home, that doesn’t make up for missing, inconsistent financial records,” he said.

    He stressed that these short-term cuts to compliance create permanent barriers to long-term expansion. “I don’t judge other operators for their choices, but the facts are clear: a business built on under-the-table dealings can never reach its full potential. You can’t get approved for public contracts through the National Contracts Commission, you can’t secure a tax compliance certificate that’s required for most major business deals, you can’t expand into global markets, and you can’t access affordable financing from mainstream banks. You end up stuck in a dead-end, limited operation, with no room to scale. The only sustainable path to long-term business growth is to build your company on straight, transparent practices,” Russell advised.

    Beyond tax compliance, Russell shared practical advice for aspiring new business owners, urging students to build emergency cash reserves to weather unexpected disasters. He explained that insurance claim processes are often slow and inadequate, so having cash on hand is critical to keeping operations running after a crisis. “As business owners, we need to set aside a cash buffer for rainy days. You can’t afford to wait weeks or months for an insurance payout to reopen after a storm or other disaster. Insurance won’t get your business back up and running the next day. When my hotel suffered damage recently, I received no payout from insurance at all. But because we had built up a reserve, we were able to start repairs immediately and keep the business open,” he shared.

    The seminar, which brought together academic insight and industry experience to support emerging business leaders, ran under the theme “Bridging minds, building futures: Igniting innovation through collaboration.”

  • From Meadowbrook High, SoChill goes global

    From Meadowbrook High, SoChill goes global

    KINGSTON, JAMAICA – Few entrepreneurial success stories grow as organically as that of SoChill Clothing, the Jamaican apparel brand that emerged from a casual daily hangout among high school basketball teammates more than a decade ago. What began as a casual idea dreamed up under a tree by friends from Meadowbrook High School’s basketball team in St. Andrew in 2011 has expanded into a global lifestyle label, with its co-founder predicting major long-term influence on the international fashion market.

  • Caribbean employers urged to invest in workforce development

    Caribbean employers urged to invest in workforce development

    ST JOHN’S, Antigua – Across the Caribbean region, working professionals seeking to advance their education through traditional in-person or overseas pathways are facing a growing web of barriers that lock millions out of opportunity. Now, top business leaders are positioning flexible online learning as a practical, scalable solution that delivers mutual benefits for workers, private companies, and the broader regional economy.

    Martin Cave, Executive Director of the Antigua and Barbuda Chamber of Commerce, is calling on employers across the Caribbean to proactively support their teams in leveraging online education programs, which let working people upskill without stepping away from their jobs. While regional institutions like the University of the West Indies offer high-quality academic programs, Cave explained that in-person attendance is often out of reach for workers juggling full-time professional duties, family obligations, and tight household budgets.

    For Caribbean workers who aim to study at overseas institutions, the hurdles are even higher: steep international tuition fees, costly and disruptive relocation, and extended gaps in employment that can derail long-term career and financial stability. Cave notes that these systemic barriers have closed off traditional higher education pathways for a large share of the Caribbean working population.

    To address this gap, the Antigua and Barbuda Chamber of Commerce has formed a partnership with DeVry University, an accredited U.S.-based online higher education institution, to open access to discounted degree and certificate programs for private-sector workers and Antiguan and Barbudan nationals. Cave stressed that online learning eliminates nearly all the barriers tied to overseas or traditional in-person study, by design, because it lets students keep earning a full-time income while progressing toward their educational goals.

    “Virtual learning lets people study from their own homes, and fit coursework around their existing daily schedules,” Cave explained. “With flexible program structures and curricula built directly for in-demand careers, balancing work, education and personal life becomes far more manageable for working students.”

    Beyond the clear advantages for individual workers, Cave emphasized that companies that invest in supporting employee upskilling through online education see substantial long-term returns. A more highly skilled workforce directly drives higher productivity, streamlined operational efficiency, and stronger long-term market competitiveness for businesses.

    “When employees grow their skills through higher education, they bring stronger, more updated capabilities to their roles,” Cave said. “That translates directly to better on-the-job performance, fewer operational inefficiencies, and stronger overall business results.”

    These benefits are not limited to individual companies, either. They ripple out to support broader national economic development across the region. “At the macro level, stronger, more productive businesses deliver higher profits and output, which boosts GDP growth and strengthens overall economic resilience,” Cave explained. “This creates a self-reinforcing positive cycle of job creation, increased private investment, and sustained national progress.”

    Cave is urging businesses across Antigua and Barbuda, and across the wider Caribbean, to reframe online education not as a fringe perk for workers, but as a core strategic investment in their workforce and long-term growth. “I don’t see any downside to people investing in improving themselves,” he said. “This is a win for employees, it’s a win for employers, and it’s a win for entire countries across the region.”

  • Ariza: Notice of Annual General Meeting 2026

    Ariza: Notice of Annual General Meeting 2026

    ARIZA Credit Union has officially opened registration for its upcoming 2026 Annual General Meeting (AGM), offering members two convenient methods to confirm their attendance. Interested participants can secure their spot by visiting the dedicated registration link at tinyurl.com/arizaagm2026 or by scanning the QR code included in the original announcement to complete the RSVP process.

    A standard legal disclaimer accompanying the announcement clarifies that NOW Grenada, the platform hosting the notice, holds no liability for the opinions, statements, or third-party contributed media content shared in connection with the event. The platform also provides a reporting pathway for users to flag any content that violates community guidelines or constitutes abuse, ensuring a safe and transparent communication environment for all attendees and stakeholders.

    As a key annual governance event for ARIZA Credit Union, the AGM serves as a critical opportunity for members to review the institution’s past financial performance, discuss strategic priorities for the coming term, vote on leadership positions, and raise questions about operational developments. Open RSVP registration early in the planning process allows the organization to make adequate logistical arrangements to accommodate all participating members.

  • Businessman proposes road projects to Abinader to boost tourism in the Northeast

    Businessman proposes road projects to Abinader to boost tourism in the Northeast

    A prominent Dominican business figure has joined President Luis Abinader in calling for accelerated action on targeted road infrastructure projects that stand as critical building blocks for expanding the nation’s economic and tourism sectors, with a specific focus on unlocking growth in the country’s underdeveloped Northeast region.

    Leading the push is businessman Jhonny Cabrera, who has identified the modernization of the Las Américas entrance — the primary gateway to the Greater Santo Domingo metropolitan area — as a top urgent priority. Cabrera explains that upgrading this key arterial route will deliver multiple interconnected benefits: it will cut through persistent traffic congestion, drastically reduce the risk of road accidents to improve overall safety, and create a more polished, welcoming first impression for both domestic travelers and international tourists arriving to the country.

    Beyond the capital region’s access point, Cabrera has also stressed the critical need for upgrades to the main access road leading to Las Terrenas, one of the Dominican Republic’s most popular and fastest-growing coastal tourism hubs. He notes that the steady, long-term expansion of Las Terrenas’ tourism industry is inextricably linked to the quality of its transportation links; without efficient, modern, and reliable road connectivity, the destination cannot reach its full potential.

    To further amplify regional tourism development, Cabrera has put forward a new proposal: the construction of a strategic interconnected road network that would link the popular destinations of Las Terrenas, El Limón, and Las Galeras. The overarching goal of this initiative is to create a cohesive, integrated tourist circuit across Samaná Province, streamlining travel between key attractions for visitors and opening up new economic opportunities for local communities across the region.

    Cabrera emphasizes that these infrastructure projects deliver far more than just improved transportation. For local residents, upgraded roads will directly translate to a higher quality of life, shortening commute times and improving access to essential services. For the broader regional economy, the projects are projected to draw in new domestic and foreign private investment, create thousands of new local jobs, and help position the Samaná region and the broader Dominican Northeast as a top-tier competitive international tourism destination.

    Wrapping up his advocacy, Cabrera has issued a formal call for national government authorities to formally incorporate all of these proposed projects into the country’s official national infrastructure planning framework, underscoring that the investments are essential to advancing long-term inclusive and sustainable economic growth across the Dominican Republic.