分类: business

  • Caribbean Airlines appoints acting successor after CEO steps down

    Caribbean Airlines appoints acting successor after CEO steps down

    KINGSTON, Jamaica — Caribbean Airlines has announced the appointment of Chief Operating Officer (COO) Nirmala Ramai as its acting Chief Executive Officer (CEO), following the unexpected resignation of Garvin Medera. The airline’s board of directors confirmed the decision on Monday, emphasizing that the move is designed to maintain operational continuity, stability, and accountability. The board assured stakeholders that the airline’s full schedule would remain unaffected during this transition period. In a formal statement, the board expressed gratitude to Medera for his contributions and leadership. Medera, in turn, extended his thanks to employees, partners, and customers, wishing the company continued success. To facilitate a smooth transition, the board outlined five strategic priorities: employee support, operational efficiency reviews, enhanced customer service, the development of a sustainable growth plan, and comprehensive audits of departments and processes. Additionally, Caribbean Airlines reiterated its commitment to promoting internal candidates for career advancement before considering external hires. The board also pledged to maintain transparent communication with employees and stakeholders throughout this period of change.

  • Ramona Samuels celebrates milestone of Voicebox brand

    Ramona Samuels celebrates milestone of Voicebox brand

    Ramona Samuels, a dynamic broadcaster and media entrepreneur, exudes an unmistakable aura of quiet confidence and determination. Her journey with Voicebox, a pioneering voice-over and personality brand, marks a significant 15-year milestone, celebrating her relentless drive and innovative spirit. Since its inception on September 2, 2010, Voicebox has become synonymous with professionalism, creativity, and international appeal, carving a niche in Jamaica’s media landscape. Samuels’ vision extended beyond offering a service; she aimed to create a sustainable platform where voice talent could thrive as a standalone business. Her early career as a voice artist saw her lend her distinctive voice to campaigns for global brands like Heineken UEFA Champions League, ATI, and Kingston Restaurant Week, as well as international clients in the Cayman Islands, Russia, the USA, and Canada. Recognizing the potential to monetize her talent, Samuels transformed her voice work into a multifaceted business model. Over the years, Voicebox has evolved into a comprehensive media outlet, offering voice-over services, event hosting, production coverage, and content creation. The brand’s tagline, “The Voicebox Makes You Heard,” encapsulates its mission to amplify voices and stories. Today, Voicebox is not only a trusted name in voice-over production but also a content powerhouse through Ramona Samuels TV on YouTube, which boasts over 3,000 followers. The platform delivers independent coverage of cultural events, entertainment stories, and social commentary, all infused with a distinctly Jamaican perspective. Samuels has also ventured into public relations, leveraging her experience and insights to provide strategic counsel in a noisy marketplace. Looking ahead, Voicebox aims to expand its digital footprint, foster international collaborations, and remain steadfast in its mission to elevate voices and brands. Samuels’ entrepreneurial journey offers valuable lessons: treat clients’ resources with care, focus on impactful strategies, and embrace ideas from all sources. She emphasizes the importance of integrity in PR, a profession that, while unregulated, demands the highest ethical standards. Samuels’ story is a testament to the power of innovation, resilience, and unwavering commitment to excellence.

  • Kintyre Holdings expands real estate portfolio with $110m Stony Hill investment

    Kintyre Holdings expands real estate portfolio with $110m Stony Hill investment

    KINGSTON, Jamaica — Kintyre Holdings has made a significant move in the real estate sector with the acquisition of a prime property in Stony Hill, St Andrew, for $110 million. The purchase, executed through its subsidiary, Parallel Real Estate Ventures Limited, marks a strategic expansion of the company’s portfolio. The property is set to be transformed into a high-end residential development, featuring two luxury villa lots and three modern townhome lots. Each lot will come with pre-approved architectural plans and covenants, offering buyers turnkey investment opportunities or build-ready options.

  • Tancoo prays to deliver a budget to improve citizens’ lives

    Tancoo prays to deliver a budget to improve citizens’ lives

    In a moment of reflection and prayer, Finance Minister Davendranath Tancoo sought divine intervention as he prepared to present the United National Congress (UNC) government’s inaugural National Budget on October 13. Tancoo, who also serves as the Member of Parliament for Fyzabad, shared a heartfelt message on social media, accompanied by a photo of himself in his office at the Eric Williams Financial Complex in Port of Spain. He expressed his hope that the decisions made during the budget presentation would enhance the lives of all citizens and pave the way for a prosperous future for Trinidad and Tobago. The budget, scheduled for delivery at 1:30 PM in the House of Representatives, marks a significant milestone for the UNC administration under Prime Minister Kamla Persad-Bissessar’s second term. Tancoo has previously indicated that the budget will likely reflect a deficit, a continuation of the fiscal trends established by the previous People’s National Movement (PNM) government over the past nine years. The 2024/2025 budget had projected revenues of $54.224 billion, expenditures of $59.741 billion, and a fiscal deficit of $5.517 billion. As the nation eagerly anticipates the budget’s unveiling, many are hopeful that the government will deliver on the promises that secured their victory in the April 28 general election.

  • Saint Lucia receives automated passport control kiosks from OECS Commission

    Saint Lucia receives automated passport control kiosks from OECS Commission

    The soaring costs of regional travel within the Caribbean continue to burden commuters, with high taxes on airline tickets being a primary culprit. These taxes, often exceeding the base airfare, have made intra-Caribbean flights significantly more expensive compared to regions like Europe and Southeast Asia, where lower aviation taxes and government support have fostered the growth of budget airlines. This disparity has created a challenging environment for Caribbean travelers and the tourism industry alike. Locals are increasingly priced out of flying between islands, while tourists face unexpectedly high costs, dampening demand for regional travel. The financial strain is also felt by local airlines, which struggle to compete with subsidized foreign carriers. Among these is LIAT Air, a new entrant in 2024, which faces the dual challenge of distancing itself from its failed predecessor, LIAT 1974, and navigating the heavy tax burden. LIAT Air CEO Hafsah Abdulsalam highlighted these issues during her address at the State of the Tourism Industry Conference (SOTIC) 2025, emphasizing the need for efficiency and government collaboration to reduce costs. Abdulsalam also revealed LIAT’s ambitious plans to expand connectivity to South America and Africa, underscoring the potential benefits of increased travel volume for local airlines, airports, and tourism-dependent businesses. However, achieving this vision requires a concerted effort from regional governments to address the tax issue and foster a more supportive environment for aviation. Whether the discussions at SOTIC 2025 will lead to actionable steps remains uncertain, but the stakes are high for the Caribbean’s most vital industry.

  • SEC en overheid bundelen krachten voor Local Content Conference 2025

    SEC en overheid bundelen krachten voor Local Content Conference 2025

    In a significant step toward advancing Suriname’s energy sector, Ashwin Adhin, Chairman of the National Assembly (DNA), highlighted the critical importance of collaboration between parliament, government, and the private sector during a meeting with the Suriname Energy Chamber (SEC). The discussion, held in preparation for the upcoming Local Content Conference 2025 scheduled from October 21 to 23, focused on refining the local content policy to drive national development. The conference, organized by the SEC in partnership with Afreximbank, the Energy Authority Suriname (EAS), and the Surinamese government, aims to produce actionable recommendations, including a national definition of local content and a comprehensive roadmap for its implementation. Adhin emphasized that local content is a vital tool for Suriname’s economic growth, with DNA’s legal staff and parliamentary committees actively engaging to identify necessary legislative support. SEC Chairman Orlando Olmberg underscored the broader vision of local content, stating that it extends beyond oil and gas to encompass collaboration, knowledge sharing, and economic diversification. A key objective of the conference is to identify projects worth $200 million that align with the $5 billion in available funding for sector development, facilitated by Afreximbank. Additionally, the initiative aims to foster joint ventures between Surinamese and foreign companies, further boosting the country’s energy sector and economic prospects.

  • Saint Lucia receives automated passport control kiosks from OECS Commission

    Saint Lucia receives automated passport control kiosks from OECS Commission

    Saint Lucia’s Citizenship by Investment Programme (CIP) has become a cornerstone of the nation’s economy, offering foreign investors a pathway to citizenship through various investment options. Launched in 2015, the programme has evolved into a significant revenue stream, contributing over $121 million in the 2023–2024 fiscal year alone. However, its rapid growth has sparked debates about its impact on local property markets and housing affordability for citizens. The CIP allows investors to obtain citizenship through donations to the National Economic Fund, real estate investments, government bonds, or enterprise projects. While the programme has tightened due diligence and aligned with regional standards, concerns persist about its long-term effects on local communities. Critics argue that without explicit measures to curb inflationary pressures on real estate, locals risk being priced out of their homeland. Lessons from Tobago, which enforces stricter foreign land acquisition rules, highlight potential solutions for balancing economic growth with social equity. As Saint Lucia’s CIP continues to attract high-net-worth individuals, policymakers face the challenge of ensuring that the benefits of economic citizenship are equitably shared.

  • Armand Bipat vervangen als technisch directeur EBS

    Armand Bipat vervangen als technisch directeur EBS

    In a significant organizational restructuring, the Energy Bedrijven Suriname (EBS) has announced major changes to its leadership during its annual general shareholders’ meeting. Armand Bipat, who assumed the role of Technical Director in January this year following Marcel Eijndhoven’s departure, has been relieved of his duties. Stepping into the position of Chief Technical Officer (CTO) is Rishidath Mathoera, the current secretary of the EBS union.

  • Regional data center in Guyana can cost US$3 billion

    Regional data center in Guyana can cost US$3 billion

    Guyana is poised to become a technological hub for the Caribbean with the proposed development of a state-of-the-art data center, estimated to cost between US$2 billion and US$3 billion. President Irfaan Ali unveiled this ambitious plan during the grand opening of the SOMA Hotel and Restaurant, a venture by TOTALTEC Group, on October 11, 2025. The project aims to establish Guyana as a regional leader in innovation, computing, and data storage. The data center, requiring vast land and a stable, cost-effective energy supply, is expected to support various industries, including FinTech, digitization, and modernisation across the Caribbean. President Ali emphasized the strategic importance of this investment, envisioning Guyana as the sovereign storage and computing hub for the region. The initiative aligns with ExxonMobil Guyana’s appraisal of hydrocarbon resources at Longtail in the Stabroek Block, which could fuel energy plants and other industrial facilities. The SOMA Hotel, a symbol of local economic growth, will employ 60 to 100 Guyanese and source materials locally, reflecting the nation’s commitment to sustainable development.

  • FLASH : HOPE/HELP Law between optimism and concern in the Haitian textile sector

    FLASH : HOPE/HELP Law between optimism and concern in the Haitian textile sector

    The Haitian Hemispheric Opportunity Through Partnership for Encouragement (HOPE) laws and the Haiti Economic Lift Program (HELP) law, which expired at the end of September 2025, have left the Haitian textile sector in a state of uncertainty. These laws, initially approved by the U.S. Congress in 2005 and 2010, allowed Haiti to export clothing to the U.S. market duty-free, accounting for 90% of the country’s exports. The benefits also extended to the Dominican Republic, where textile mills produced fabrics and yarns sent to Haiti for garment production. In 2018, the sector employed 62,000 people, but due to security concerns, this number has plummeted to 26,000, with at least 15 factories closing. Fernando Capellan, president of the Industrial Development Company (CODEVI), remains optimistic about the laws’ renewal within the next 90 days, citing support from the White House and the program’s impact on the U.S. supply chain. However, Haiti’s Minister of Trade and Industry, James Monazard, expressed concern over the alarming situation, warning that without renewal, many companies in the subcontracting sector—a cornerstone of Haiti’s economy—could face closure. Political disagreements in the U.S. Congress have further delayed any decision, with the Trump administration expected to make a final call by December 19, 2025. The future of Haiti’s outsourcing sector hangs in the balance as stakeholders await a resolution.