Carib Scope

分类： business

  • Antigua Cruise Port Invites Local Entrepreneurs to Join Upland Development Project

    Antigua Cruise Port Invites Local Entrepreneurs to Join Upland Development Project

    Antigua Cruise Port has launched a strategic initiative to integrate local business talent into the next stage of its Upland Development Project. The port management is formally soliciting Expressions of Interest (EOIs) from entrepreneurs and artisans to establish retail outlets and immersive visitor experiences within the terminal’s new development zone.

    This ambitious project is fundamentally designed to celebrate the distinct cultural identity of Antigua and Barbuda. The curation process will prioritize enterprises that highlight locally manufactured goods, authentic artisan brands, and unique experiences deeply rooted in national heritage. The envisioned commercial space will feature a dynamic blend of traditional bazaar-style kiosks and modern, purpose-built retail areas, all engineered to significantly enrich the cruise tourist’s journey.

    Antigua Cruise Port’s selection criteria will emphasize businesses that champion local craftsmanship, fashion innovation, and creative expression. Additional preference will be accorded to ventures that demonstrate a strong commitment to sustainable practices, wellness-oriented services, and active community involvement.

    Successful applicants will gain a formidable business advantage: direct access to a continuous stream of international visitors within a high-traffic cruise terminal environment. The port offers a professionally managed retail ecosystem, providing entrepreneurs with unparalleled opportunities for brand exposure and direct customer engagement with a global clientele arriving via sea voyages.

    In an official communiqué, the port operator framed this call for EOIs as a cornerstone of a broader vision focused on inclusive economic growth and collaborative partnership. This initiative encourages local businesses to actively participate in scripting the future narrative of the nation’s evolving cruise tourism sector. The submission deadline for interested parties is set for January 31, 2026.

  • Cabo Rojo’s $673M Compliance Trap: How Ley 47‑25 Forces Dominican Innovation

    Cabo Rojo’s $673M Compliance Trap: How Ley 47‑25 Forces Dominican Innovation

    The Dominican Republic’s entrepreneurial landscape faces a transformative inflection point with the implementation of Ley 47‑25, the new Public Procurement Law effective January 2026. This legislative overhaul replaces the previous Law 340‑06, moving beyond procedural adjustments to mandate that 30% of all government contracts—amounting to approximately $673 million from the $2.245 billion Pro-Pedernales Trust—must be allocated to micro, small, and medium enterprises (MIPYMEs).

    While superficially appearing as a compliance requirement, this mandate represents a fundamental structural shift with severe operational implications. The southern region, particularly Cabo Rojo, stands at a critical crossroads where this policy could either catalyze economic innovation or trigger a coordination crisis. The law imposes stringent penalties for non-compliance, including fines ranging from 500 to 5,000 monthly public sector minimum wages and potential permanent closure of establishments for severe violations. Notably, Article 20 criminalizes collusion with prison sentences of 2–5 years, effectively eliminating shell company schemes and overlapping consortiums previously used to secure contracts.

    The successful implementation hinges on developing execution architecture capable of rapidly scaling hundreds of SMEs to meet contracting modalities such as the Asociación para la Innovación partnership model. This creates both unprecedented opportunity and substantial risk—without proper operational frameworks, projects face delays, quality compromises, and reputational damage.

    Strategic analysts emphasize that Cabo Rojo must evolve beyond traditional tourism development to become an exportable intellectual property engine, leveraging the global Dominican diaspora and digital nomad talent pool. Dominican FinTech, CleanTech, SaaS, and IP ventures now have a historic opportunity to demonstrate operational readiness and transform regulatory mandates into market advantages. The ultimate success of this initiative will depend on converting policy requirements into predictable, scalable outcomes that position the Dominican Republic as a competitive player in global innovation markets.

  • Here’s How to Apply for Airbnb Investment Properties at Shell Beach

    Here’s How to Apply for Airbnb Investment Properties at Shell Beach

    National Assets Management Company Limited (NAMCO), registered under Company No. C 88/16, has formally announced a call for expressions of interest regarding a significant investment opportunity. The initiative centers on the acquisition and development of properties designated for Airbnb operations within the Shell Beach Development Project.

    Prospective investors and corporate entities are now invited to submit detailed proposals for consideration. All submissions must be directed to the office of The Corporate Secretary at NAMCO. The company has set a definitive deadline of January 30, 2026, for the receipt of all applications.

    To be considered, each proposal must include a comprehensive yet concise overview of the intended development project. Furthermore, applicants are required to disclose the estimated capital readily available for two primary phases: the initial acquisition of land plots and the subsequent construction of purpose-built Airbnb hospitality facilities. This process is designed to identify serious partners with the financial capacity and strategic vision to contribute to the Shell Beach development.

  • Antigua Has Become a Go-to Escape for the Wealthy—Including Jeff Bezos

    Antigua Has Become a Go-to Escape for the Wealthy—Including Jeff Bezos

    The Caribbean nation of Antigua, long celebrated for its 365 pristine beaches, is now emerging as a premier destination for luxury property investment. This shift is positioning the island as an exclusive, low-density alternative to more commercialized Caribbean hotspots, with its real estate market experiencing unprecedented growth.

    High-end developments, particularly in the coveted Jolly Harbour area on the western coast, are driving a significant transformation of formerly mid-market regions into upscale residential enclaves. Industry experts identify three primary catalysts for this surge: exceptional yachting accessibility, an unparalleled tropical lifestyle, and the nation’s Citizenship by Investment (CBI) program. This program grants qualifying investors a pathway to citizenship through property acquisition.

    Post-pandemic interest from North American buyers, specifically from the United States and Canada, has intensified dramatically. A key financial incentive is the nation’s favorable tax structure, which includes no income tax, no capital gains tax, and no wealth tax.

    After a period of constrained construction, new inventory is finally entering the market. However, real estate agents project that despite this increased supply, the potent combination of high demand and limited premium land will continue to exert upward pressure on property values, signaling a sustained bullish market.

  • Fernandez to Join Regional Talks at CTO Air Connectivity Summit in Bermuda

    Fernandez to Join Regional Talks at CTO Air Connectivity Summit in Bermuda

    Bermuda is set to host a pivotal gathering of Caribbean leaders this February for the inaugural Air Connectivity Summit organized by the Caribbean Tourism Organization (CTO). Among the distinguished attendees is Antigua and Barbuda’s Minister of Tourism, Civil Aviation, Transportation, and Investment, Charles ‘Max’ Fernandez. The high-level meeting, scheduled for February 24th, will focus on forging a unified strategy for the future of regional aviation. A central component of the agenda is the ‘Caribbean Skies — Ministerial Dialogue,’ a session dedicated to critical policy discussions on air transport, enhancing regional connectivity, and developing long-term aviation strategy. Minister Fernandez’s participation is particularly significant given his oversight of major aviation infrastructure projects in Antigua and Barbuda. These initiatives, including airport expansions on both islands, are designed to solidify the nation’s status as a premier air transport hub within the Caribbean. The CTO has stated that the core objective of this one-day summit is to synchronize aviation planning with the broader goals of tourism development. The ultimate aim is to craft policies that foster sustainable economic growth and significantly improve air travel linkages throughout the Caribbean region.

  • Marie Sharp Earns Global 50 Over 50 Honor

    Marie Sharp Earns Global 50 Over 50 Honor

    In a landmark achievement for Caribbean entrepreneurship, Belizean culinary innovator Marie Sharp has secured her place on the prestigious Forbes 50 Over 50 Global list. This distinguished recognition celebrates extraordinary women worldwide who have achieved significant professional milestones after reaching the age of fifty.

    Sharp’s journey represents a remarkable transformation from elementary school educator to internationally acclaimed food industry luminary. Her enterprise, Marie Sharp’s Fine Foods, originated from experimental backyard cultivation of habanero peppers and informal recipe testing among family circles during the early 1980s. What began as homemade condiment production gradually evolved into one of Central America’s most successful culinary exports.

    The company’s breakthrough occurred when Sharp’s distinctive pepper sauces gained rapid popularity in local markets, eventually crossing international borders to establish presence in United States markets. A critical turning point emerged when Sharp navigated a complex trademark challenge that necessitated rebranding, ultimately leading to the formal establishment of Marie Sharp’s Fine Foods in 1992.

    Today, the company’s portfolio has expanded beyond its signature heat-infused sauces to include artisanal jams and specialty seasonings, all maintaining authentic Belizean flavor profiles. The industry previously acknowledged Sharp’s contributions through her 2016 induction into the Hot Sauce Hall of Fame, cementing her status as a culinary trailblazer.

    Forbes’ recognition underscores Sharp’s embodiment of entrepreneurial resilience and innovative spirit while highlighting Belize’s emerging potential on the global business stage. Her narrative continues to inspire aspiring entrepreneurs across demographic boundaries, particularly demonstrating how determination and passion can transform modest beginnings into transnational success stories.

  • Argentinië verwelkomt eerste zending Chinese elektrische auto’s terwijl Trump dreigt met tarieven

    Argentinië verwelkomt eerste zending Chinese elektrische auto’s terwijl Trump dreigt met tarieven

    In a striking departure from its historically protectionist policies, Argentina has welcomed a massive shipment of 5,800 Chinese electric and hybrid vehicles, signaling President Javier Milei’s radical economic transformation. The BYD Changzhou cargo vessel docked at Zárate port in Buenos Aires on Tuesday after a 23-day journey from Singapore, marking a new era of trade liberalization under the libertarian leader.

    President Milei, despite his admiration for Donald Trump, has implemented policies diametrically opposed to the former US president’s protectionist stance. The Argentine government has significantly reduced import restrictions, lowered trade barriers, and streamlined customs bureaucracy. This dramatic shift has resulted in a record 30% surge in imports last year, primarily through Asian online retailers.

    The new regulatory framework permits up to 50,000 Chinese electric vehicles to enter Argentina duty-free this year—a remarkable change from the previous 35% import tariffs. This policy reversal represents one of the most significant economic transformations in the region, moving Argentina from one of Latin America’s most closed economies to an increasingly open market.

    Claudio Damiano, an expert from the National University of San Martin, emphasizes the symbolic importance of this shipment, noting that many observers are questioning how far this new economic direction will extend. The development occurs alongside pending free trade agreements between the EU and Mercosur, which would facilitate European industrial products’ access to South American markets. However, Damiano suggests European manufacturers cannot compete with Chinese pricing structures.

    Local automotive manufacturers and opposition figures have raised concerns about unfair competition from Chinese EVs. The Premier of Ontario province warned that the Canadian auto market could face significant pressure from this influx.

    Pablo Naya of Sero Electric, Argentina’s sole manufacturer of electric microcars, highlights infrastructure challenges: the country’s outdated energy grid remains unprepared for massive EV adoption, and dedicated service centers for maintaining Chinese vehicles are currently lacking.

    Despite these concerns, Naya acknowledges that domestic industry faces limited immediate threat but recognizes that future growth of Chinese EV imports could challenge local manufacturers as infrastructure and consumer demand develop.

    This strategic move positions Argentina toward a more open and dynamic economy, distancing itself from historical protectionist policies and reestablishing its role in global trade networks.

  • PayPulse 2025 Highlights Regional Salary Gaps in the Caribbean

    PayPulse 2025 Highlights Regional Salary Gaps in the Caribbean

    A groundbreaking regional compensation study has exposed significant economic disparities throughout the Caribbean nations. The Caribbean Society for Human Resource Professionals (CSHRP) has published its fourth annual PayPulse survey, delivering the most comprehensive analysis to date of wage structures and cost-of-living challenges across the archipelago.

    The 2025 edition marks a substantial expansion in research scope, incorporating 206 survey responses from 119 organizations operating across 20 Caribbean territories. This represents a 48% response rate increase and more than doubles corporate participation compared to previous year’s data collection. The extensive research encompasses 137 distinct professional positions spanning 34 industrial sectors.

    This year’s report introduces an innovative Affordability Index metric that juxtaposes average monthly earnings against essential living expenditures—including housing, food, utilities, and transportation. An index score of 100% indicates earnings precisely meet basic subsistence requirements, while figures above or below this threshold denote varying degrees of financial comfort or strain.

    Geographical analysis reveals dramatic regional variations. Belize emerged with exceptional economic resilience at 233.99%, followed by Guyana (138.63%) and Grenada (136.56%). Moderate affordability characterized The Bahamas, Antigua and Barbuda, and Jamaica. Conversely, eight nations registered concerning scores below the sustainability threshold—Trinidad and Tobago, Barbados, Saint Lucia, and Aruba among them—where typical incomes fail to cover fundamental living costs.

    Compensation benchmarking demonstrated Antigua and Barbuda, St. Kitts and Nevis, and Belize offered the highest proportion of supra-market wages. Contrastingly, Trinidad and Tobago, Saint Lucia, and Guyana predominantly compensated below regional standards.

    Sectoral assessment identified Construction, Architecture, and Property as having the highest prevalence of sub-market remuneration packages. Hospitality, Tourism, and Catering sectors outperformed others in compensation competitiveness. Premium earning opportunities concentrated in Human Resources, Banking and Financial Services, alongside Hospitality and Tourism divisions.

    Recruitment metrics indicated most vacancies fill within three to eight weeks, though C-suite and specialized technology roles frequently require nine weeks or longer. Entry-level positions typically staff within three weeks.

    Executive leadership roles continued to dominate the compensation landscape, with Chief Executive Officers commanding highest regional remuneration, followed by Chief Operating Officers and Chief Financial Officers.

    Benefits analysis revealed health insurance and retirement plans as standard offerings for professional tiers, while perks like company vehicles and transportation allowances remained predominantly restricted to senior management.

    CSHRP emphasizes PayPulse 2025 delivers vital business intelligence for stakeholders across the economic spectrum—from HR professionals and employees to governmental policymakers—enabling evidence-based decisions amid evolving Caribbean economic conditions. The complete report is available for acquisition at www.cshrpteam.com.

  • Sugar Leads Export Gains in November 2025

    Sugar Leads Export Gains in November 2025

    Belize experienced a notable shift in its trade dynamics during November 2025, with sugar exports driving a significant improvement in the nation’s export performance while import expenditures contracted substantially. According to data released by the Statistical Institute of Belize (SIB), the country’s export revenues climbed to $24.8 million, marking a robust 10.5 percent increase compared to the same period in 2024.

    The export surge was predominantly fueled by sugar, which more than doubled its previous performance, alongside strengthened shipments of bananas and cattle. This growth partially offset declines observed in molasses, marine products, and citrus exports, particularly grapefruit concentrate.

    Conversely, Belize’s import expenditures demonstrated a contrasting trend, dropping nearly 10 percent to $208.4 million. This reduction was primarily attributed to diminished purchases of machinery and transport equipment, including fewer acquisitions of aircraft and industrial machinery.

    Regional trade patterns revealed divergent outcomes. Exports to the European Union expanded to $4 million, supported by enhanced sugar and banana sales, while shipments to Mexico increased due to heightened cattle exports. CARICOM trade also strengthened, reaching $7.8 million with support from sugar and pineapple concentrate. However, exports to the United States declined, primarily due to reduced conch exports and the absence of molasses and alcoholic beverage shipments.

    Cumulative data for the first eleven months of 2025 indicates Belize spent approximately $2.64 billion on imports while generating $365.5 million from exports, both figures representing a decrease from 2024 levels. Despite November’s encouraging export performance, the nation’s overall trade balance for the year remains below previous year’s benchmarks.

  • First Look: Interiors and Amenities Unveiled at The Residences at Nikki Beach Resort & Spa Antigua

    First Look: Interiors and Amenities Unveiled at The Residences at Nikki Beach Resort & Spa Antigua

    The Residences at Nikki Beach Resort & Spa Antigua have unveiled their highly anticipated interior designs and premium amenities through newly released architectural renderings. This development introduces a sophisticated interpretation of Caribbean luxury living, merging the brand’s renowned barefoot-luxury ethos with exclusive residential comforts.

    Architectural and design elements draw direct inspiration from Antigua’s natural landscape, incorporating a soft color palette reflecting the island’s turquoise waters and pristine white sands. The interiors showcase light-filled living areas adorned with natural textures and refined contemporary finishes. Each residence has been meticulously designed to facilitate seamless indoor-outdoor living through open-plan layouts, expansive terraces, and spa-inspired primary suites that capture breathtaking island and ocean vistas.

    The residential experience extends beyond private units to include comprehensive amenity spaces that translate Nikki Beach’s iconic social atmosphere into an exclusive private environment. Property owners will gain access to a dedicated beach club, oceanfront swimming pools with premium cabanas, state-of-the-art wellness and spa facilities, and carefully curated lifestyle spaces designed to foster both social connection and personal relaxation.

    This development represents a significant evolution in Caribbean residential design, creating a fully integrated resort-living experience where luxury hospitality, lifestyle programming, and high-end architectural design converge. The project offers a turnkey solution for investors and homeowners seeking both premium vacation accommodation and sophisticated residential living within one of the Caribbean’s most prestigious destinations.

    The newly released visualizations, credited to The Residences at Nikki Beach Resort & Spa Antigua development team, provide prospective buyers and investors with comprehensive insight into the project’s architectural vision and luxury offerings.