Carib Scope

分类： business

  • Randolph Andrew wins GAC EMZOOM in Hubbard’s Live Free promotion

    Randolph Andrew wins GAC EMZOOM in Hubbard’s Live Free promotion

    Jonas Browne & Hubbard Grenada Limited (Hubbard’s) successfully concluded its fifth annual Live Free for 1 Year Promotion on December 30, 2025, at the Esplanade Mall Courtyard. The celebratory event marked the finale of a nine-month customer appreciation campaign that commenced in April, delivering substantial benefits to participants and strengthening community ties.

    The closing ceremony, hosted by Hubbard’s Marketing Officer Donally D. Blackman alongside media personality Aruna Neptune, spanned from 3:00 PM to 5:30 PM. The hosts recounted the promotion’s journey, acknowledging numerous prize recipients and recognizing the corporate sponsors whose support facilitated the initiative.

    The event’s climax arrived with the revelation of the grand prize winner: Randolph Andrew from Top Hill, Carriacou. Mr. Andrew successfully unlocked the winning key, earning him a brand-new GAC EMZOOM vehicle. Overwhelmed with gratitude, he described the victory as a transformative moment in his life.

    Five finalists—Murica Charles-Brathwaite, Blossym Noel, Randolph Andrew, Accabre Lee, and Karena Fletcher—participated in the ultimate key selection ritual. Preceding the tense finale, saxophonist Lyndon Langdon delivered an elegant musical performance that enhanced the atmosphere.

    The ceremony featured a special appearance by Esther Isaac, the 2024 promotion winner, who reflected on her experience after winning a D-Max Isuzu the previous year, highlighting the lasting positive impact of Hubbard’s initiative.

    Demonstrating commitment to internal recognition, Hubbard’s conducted a staff appreciation draw awarding five employees with premium prizes including a Samsung S25 smartphone, a 65-inch television, and a local resort day pass.

    Additional promotion winners received formal recognition during the event: Sonia La Touche-Cadet (one year of free groceries), Montee Greendige (one year of free vehicle gas), Gailann Newton (two-night Sandals Grenada stay), Christa Charles (one year of free Carib Brewery products), and Lidya Frame (one year of free cooking gas).

    The 2025 Live Free for 1 Year Promotion reaffirmed Hubbard’s dedication to customer loyalty and cross-industry partnerships, concluding another successful chapter in the company’s community engagement efforts.

  • BPW Dominica to host forum for women in business

    BPW Dominica to host forum for women in business

    Business and Professional Women (BPW) Dominica is organizing an exclusive CEO forum specifically designed to address the future trajectory of Micro, Small, and Medium-sized Enterprises (MSMEs) in Dominica. This strategic initiative is centered on cultivating robust professional networks and fostering collaborative strategies to navigate the complexities of the contemporary economic landscape.

    The forum represents a clarion call for women entrepreneurs to consolidate resources, exchange knowledge, and develop enhanced resilience to maintain competitive advantage. Organizers emphasize that women-led businesses encounter a unique set of challenges and opportunities, necessitating a dedicated environment for strategic planning and experiential learning.

    Attendees will engage in critical dialogues on viable strategies for business survival and expansion amidst current economic pressures. A key objective is to facilitate meaningful partnerships that boost market competitiveness. Participants will also gain invaluable insights from accomplished women entrepreneurs who have successfully scaled their operations within Dominica.

    ‘In an evolving economic climate, the demarcation between mere survival and profound success frequently hinges on the caliber of one’s strategic alliances and business acumen,’ remarked the BPW team.

    The event will feature two distinguished Dominican business leaders as guest speakers. Antonillia Doctrove, renowned for her expertise in business administration and MSME development, will present her methodologies for driving sustainable business growth. Annette Severin-Lestrade will contribute her extensive knowledge on effective leadership, regional trade dynamics, and optimizing business operations for success.

    BPW Dominica asserts that the forum’s ultimate mission is to empower women entrepreneurs by providing an authoritative platform to explore strategic growth avenues, harness collective influence, and benefit from expert mentorship.

  • WU notice of abandoned accounts

    WU notice of abandoned accounts

    Western Union’s Grenada operations have initiated a public notification process in compliance with the Money Services Business Act Cap 198A, specifically Sections 28 and 29 (1)(c)(3). The financial service provider has published an extensive list containing 51 customers who have unclaimed remittance amounts that have remained inactive for over one year, thereby classifying these funds as abandoned property under Grenadian law.

    The published registry includes detailed information about each sender, comprising their full names, primary and secondary addresses, and the specific amounts denominated in Eastern Caribbean Dollars. The unclaimed sums range significantly from minor amounts like EC$1.42 to substantial sums exceeding EC$2,500. Notably, several individuals appear multiple times in the listing, indicating multiple unclaimed transactions.

    Affected customers have been granted a substantial claims window extending until April 2, 2026, to recover their funds. To initiate the retrieval process, individuals must directly contact Western Union Grenada’s office via telephone at 473-444-2274 or through electronic mail at wugd.unclaimedproperty@wu.com. The financial institution has explicitly stated that any funds remaining unclaimed after the stipulated deadline will be automatically transferred to the appropriate regulatory authority as mandated by the legislation.

    This procedure demonstrates Western Union’s adherence to regulatory compliance and financial transparency standards within Grenada’s monetary ecosystem. The publication serves both as a public service announcement and a legal requirement fulfillment, ensuring due process is followed for handling abandoned financial assets.

  • New Year, New Numbers: CARICOM’s 2026 Forecast

    New Year, New Numbers: CARICOM’s 2026 Forecast

    The Caribbean region is positioned for substantial economic expansion in 2026, with the World Bank’s latest Global Economic Prospects report indicating a collective growth rate of 5.8%. This impressive regional performance is primarily driven by Guyana’s extraordinary economic surge, projected at 23% as its oil and gas sector continues its rapid development.

    Even excluding Guyana’s exceptional numbers, the Caribbean demonstrates remarkable stability with a solid 3.1% growth forecast. Multiple economies are contributing to this positive outlook, with Dominica and Grenada both expected to expand by 3.4%, closely followed by Suriname (3.3%) and Trinidad and Tobago (3.2%). St. Vincent and the Grenadines complete the upper growth tier with a projected 2.9% increase.

    Tourism-dependent nations are maintaining steady progress, with Belize anticipated to grow at 2.4%, St. Lucia at 2.3%, and Barbados at 2.0%. While Jamaica (1.7%) and The Bahamas (1.2%) show more modest growth projections, they continue positive economic trajectories. Haiti’s forecast of 2.0% growth remains surrounded by significant uncertainty due to ongoing challenges.

    The comprehensive data from the World Bank’s June 2025 assessment reveals a region establishing firm economic footing with substantial potential for continued development and investment opportunities across multiple sectors.

  • Debipersad: Waar staan we, wat zijn de uitdagingen, wat geeft hoop in 2026?

    Debipersad: Waar staan we, wat zijn de uitdagingen, wat geeft hoop in 2026?

    Suriname enters 2026 navigating a delicate economic duality, according to Steven Debipersad, Chairman of the Association of Economists in Suriname (VES). While macroeconomic conditions show marked improvement from the crisis peaks of 2020-2021, significant social challenges persist beneath the surface stabilization.

    The nation currently experiences contrasting realities: greater monetary stability achieved through disciplined fiscal policies contrasts sharply with vulnerable household purchasing power and palpable poverty stress. Debipersad identifies four critical challenge domains for the coming year: safeguarding purchasing power and livelihood security, maintaining budgetary discipline and policy consistency, driving productive growth through exports and investments rather than credit consumption, and preparing strategically for the emerging oil and gas sector.

    Notable progress includes growing recognition among policymakers that macroeconomic stability forms the essential foundation for development, alongside improvements in policy systems encompassing planning, supervision, and reporting mechanisms. However, substantial concerns remain regarding potential undermining of stability through political pressures, sluggish pace of structural reforms, and public impatience with the delayed translation of macroeconomic gains into tangible household benefits.

    The VES outlines three measurable outcomes to define genuine progress by end-2026: maintained stability evidenced through predictable pricing and credible monetary policy; credible budgetary reform demonstrating clearer spending priorities and improved transparency; and concrete steps toward broad-based growth through job-creating investments and targeted social measures.

    Key economic indicators present a cautiously optimistic outlook contingent on policy consistency. Inflation could further decline if monetary and fiscal policies remain aligned, while exchange rate stability will depend on confidence levels, export earnings, and liquidity management. Purchasing power recovery is expected to proceed slowly and unevenly without parallel productivity gains.

    Critical policy choices include maintaining strict budgetary discipline with realistic estimates, avoiding liquidity-flooding measures, strengthening tax collection, and ensuring consistent policy communication. The emerging oil and gas sector presents both opportunity and risk—2026 should focus on institutional preparedness, genuine local content development beyond slogans, and building economic absorption capacity to prevent Dutch disease and enclave economics.

    Economic diversification remains crucial for risk management, particularly in agriculture, agro-processing, services, light industry, and tourism. While Suriname’s workforce demonstrates entrepreneurship and adaptability, acceleration requires improved governance, transparency, and institutional strength.

    The paramount priority for 2026 involves strengthening institutional and macroeconomic discipline to make stability irreversible while translating this stability into targeted purchasing power improvement and employment generation.

  • Government clarifies eligibility for low-emission vehicle tax concessions

    Government clarifies eligibility for low-emission vehicle tax concessions

    The Energy Division of Saint Lucia’s Ministry of Infrastructure, Ports, and Energy has issued definitive clarifications regarding its concessionary tax policy for low-emission vehicles, establishing clear technical distinctions between qualifying and non-qualifying hybrid technologies.

    According to an official statement disseminated through the National Competitiveness and Productivity Council, the policy framework specifically defines eligible hybrid vehicles as those employing “two or more distinct forms of onboard energy, each of which can propel the vehicle.” This technical specification effectively excludes so-called ‘mild hybrid’ vehicles that lack full electric propulsion capability, regardless of their marketing descriptions.

    The regulatory basis for these concessions is formally outlined in Statutory Instrument Number 222 of 2025, which references the Customs Duties (Amendment of Schedule 4) (No. 4) Order, 2025. This legislative instrument specifies that the reduced customs duty rates will take effect on December 1, 2025, and remain valid through November 30, 2026.

    Government authorities emphasized the critical technological differentiation between true hybrid vehicles and mild hybrid systems. The latter incorporate limited electrical components that support fuel efficiency functions such as engine assistance or start-stop mechanisms but cannot achieve propulsion exclusively through electric power. Since propulsion remains dependent entirely on internal combustion engines (whether gasoline or diesel), these systems produce “no meaningful reduction in tailpipe emissions” and consequently fail to meet the legal requirements for tax concessions.

    The current policy initiative builds upon previous import duty waivers and tax concessions for low-emission vehicles that were implemented during the government’s first term. These earlier concessions, subsequently extended from December 1, 2023, to August 30, 2024, established the foundation for the current regulatory framework.

    Acknowledging previous administrative practices where mild hybrid vehicles inadvertently received fee waivers, the government has instituted a transitional adjustment period. All such vehicles ordered before January 1, 2026, will still receive tax concessions to accommodate this regulatory transition.

    The ministry articulated that the policy’s fundamental objective is to enhance affordability for consumers transitioning to electric vehicles while encouraging movement away from traditional internal combustion engine vehicles reliant exclusively on fossil fuels. This hybrid vehicle tax concession strategy serves as an interim measure bridging conventional and fully electric transportation, with the ultimate goal of achieving complete sector electrification.

    Stakeholders seeking additional information are directed to review Statutory Instrument Number 222 of 2025, or contact the Energy Division directly at telephone number 1(758)468-6363 or via email at cepuo@govt.lc.

  • Belize announces resumption of shipments of goods to the United States

    Belize announces resumption of shipments of goods to the United States

    BELMOPAN, Belize—In a significant development for international trade, the Belize Postal Service (BPS) has officially reinstated all outbound shipments to the United States effective January 7. This move concludes a five-month suspension period that began in August last year, triggered by sweeping changes to U.S. customs regulations.

    The operational halt became imperative following the implementation of U.S. Executive Order 14324, which eliminated the traditional duty-free exemption threshold for international parcels. This regulatory shift mandated that all inbound shipments to the U.S., irrespective of their declared value, would become subject to standard customs duties and import taxes.

    To navigate these new regulatory requirements, BPS has implemented the Universal Postal Union’s Delivered Duty Paid (DDP) Global Solution—an advanced logistics framework that represents a fundamental transformation in how international shipments are processed. This sophisticated system enables the pre-calculation and collection of U.S. duties and taxes before departure from Belize, creating a more transparent and efficient customs process.

    The DDP system offers multiple advantages: accelerated customs clearance procedures upon arrival in the U.S., complete cost transparency for shippers, significantly reduced delivery delays, and minimized package returns. This creates a more predictable and reliable shipping experience for both commercial senders and individual recipients.

    This strategic adoption positions Belize as a regional leader in compliant international postal logistics and ensures that Belizean businesses—particularly micro, small, and medium enterprises (MSMEs)—maintain uninterrupted access to their valuable U.S. customer base. The implementation underscores Belize’s commitment to participating fully in global e-commerce while adhering to international trade regulations.

    Postmaster General Dr. Marsha Price emphasized that ‘the Belize Postal Service remains dedicated to providing secure, reliable, and globally compliant postal services. Our implementation of the UPU’s DDP solution not only addresses new U.S. regulatory requirements but significantly enhances Belize’s capacity to engage in international digital commerce. We appreciate the public’s understanding during this necessary transitional period.’

    The BPS has encouraged customers seeking information about the new DDP procedures, applicable duty rates, or required shipping documentation to contact their local post office branch or the customer service department for comprehensive assistance.

  • Tesla loses EV crown to China’s BYD in 2025 as sales slip

    Tesla loses EV crown to China’s BYD in 2025 as sales slip

    In a significant industry shift, Tesla Inc. has relinquished its position as the world’s leading electric vehicle manufacturer to Chinese automotive powerhouse BYD, according to year-end sales reports. The Elon Musk-led company reported approximately 1.64 million EV deliveries for 2025, representing an 8% decline from the previous year’s performance. This downturn contrasts sharply with BYD’s announcement of 2.26 million electric vehicles sold during the same period.

    The fourth quarter proved particularly challenging for Tesla, with 418,227 deliveries falling substantially below the FactSet consensus projection of 449,000 units. Industry analysts attribute this performance to multiple converging factors, including the expiration of the $7,500 federal tax credit in September 2025, which created immediate headwinds for consumer demand. Additionally, market observers note that Musk’s overt political endorsements of former President Donald Trump and far-right figures have impacted brand perception in key markets.

    BYD’s ascendancy marks a watershed moment in global automotive competition. Founded in 1995 as a battery specialist, the Shenzhen-based manufacturer has leveraged China’s position as the world’s largest new energy vehicle market to achieve remarkable scale. The company’s diversified approach—encompassing fully electric and plug-in hybrid vehicles—has proven strategically advantageous in addressing varied consumer preferences across international markets.

    While geopolitical tensions and substantial tariffs limit Chinese EV manufacturers’ access to the American market, BYD has successfully expanded its global footprint through aggressive growth in Southeast Asia, the Middle East, and European territories. This international expansion occurs as domestic Chinese consumers demonstrate increasing price sensitivity, compelling manufacturers to seek growth opportunities abroad.

    Financial markets responded to Tesla’s announcement with measured concern, as shares declined 2.6% in New York trading. However, Wedbush Securities analysts noted that the quarterly performance exceeded some pessimistic forecasts, suggesting underlying resilience despite challenging conditions. The firm highlighted that regulatory approvals for autonomous driving technology in Europe remain a critical hurdle, with potential for sales recovery once these barriers are addressed.

    Emerging markets present a silver lining for Tesla, with smaller regions demonstrating stronger-than-anticipated growth that may partially offset declines in major territories like China and Europe. Industry watchers anticipate a period of market rebalancing as EV demand patterns stabilize following the tax credit expiration and manufacturers adapt to new competitive realities.

  • ATL Autobahn shines light on customers

    ATL Autobahn shines light on customers

    ATL Autobahn, the authorized Jamaican dealer for BMW vehicles, hosted an exclusive year-end celebration dubbed ‘LUMINOUS’ on December 20, 2025. The premium gathering took place at Bridget Sandals on Hope Road in St. Andrew, serving as a heartfelt expression of gratitude to the brand’s dedicated customer base.

    Uche McLean, Head of Business at ATL Autobahn, emphasized the event’s significance in recognizing remarkable brand loyalty. “Having represented multiple automotive brands in Jamaica, I’ve never witnessed such profound devotion. BMW owners exhibit unparalleled allegiance to the marque,” McLean stated in discussions with Jamaica Observer’s Auto magazine. The executive, who assumed his role approximately one year ago, described the event as strategically aligned with BMW’s premium positioning.

    Guests enjoyed sophisticated entertainment, gourmet catering, and premium beverages while exploring Bridget Sandals’ luxury footwear collections. The venue featured several prominent BMW models, creating an immersive brand experience.

    Despite operational challenges following Hurricane Melissa’s recent impact, McLean confirmed BMW’s sustained market dominance as Jamaica’s leading premium automotive brand. The storm primarily affected western regions of the island, with the Montego Bay showroom escaping significant damage. The company implemented comprehensive support measures for affected customers and staff during recovery periods.

    Sales projections remain strong, with 2025 volumes expected to match previous year’s performance—a notable achievement given hurricane-related disruptions. The BMW X4 and X3 models are engaged in a tight sales competition, though McLean anticipates the X3 will ultimately surpass the X4 by year’s end.

    The BMW X4 Sports Activity Vehicle, having concluded production in November as part of the brand’s electrification strategy, will return as a fully electric model in upcoming months. McLean outlined plans to address this transition through the X3 and its forthcoming variants.

    Looking toward 2026, BMW Jamaica prepares for the introduction of the all-electric iX3 featuring the innovative Neue Klasse platform, expected to arrive in mid-2026, signaling the brand’s continued commitment to technological advancement and sustainable mobility.

  • Digicel/Digicel Foundation invest $1.7 mil to spread holiday cheer

    Digicel/Digicel Foundation invest $1.7 mil to spread holiday cheer

    Digicel and its philanthropic arm, Digicel Foundation, have demonstrated significant corporate citizenship through a combined investment of $1.7 million in community enhancement programs during the recent holiday season. This substantial financial commitment was channeled through two distinct initiatives: the Christmas Runs on Real Connections campaign and the Extraordinary Projects Impacting Communities (EPIC) programme.

    The Christmas campaign, allocated $700,000, focused on creating festive engagement through customer appreciation activities. A highlight of this initiative was the mobile Community Pop-Up Caravan that traversed markets and major thoroughfares nationwide. Accompanied by Santa Claus and festive assistants, the caravan distributed various gifts including grocery items and Christmas hams, creating spontaneous moments of joy for residents across both Trinidad and Tobago.

    Simultaneously, the Foundation reinforced its dedication to sustainable social development through its EPIC programme with a $1 million investment. This strategic funding initiative specifically targets the non-profit sector, providing substantial grants to organizations driving community-based projects. In early December, the foundation distributed ten grants of $100,000 each to selected NGOs nationwide. These funds are specifically earmarked for projects that promote sustainable development and create lasting positive impact in communities.

    The comprehensive investment strategy reflects Digicel’s core philosophy that seasonal celebrations should transcend mere festivity to generate tangible, meaningful differences in people’s lives. Both programs were specifically designed to foster genuine human connections while supporting broader national development objectives, according to the company’s December 31st media release.