Barbados is set to witness a transformative investment of over $700 million in two of its largest housing developments, spearheaded by construction magnate Mark Maloney. The executive chairman of The Maloney Group unveiled ambitious expansion plans for The Residences at Coverley and Atlantic Breeze in Christ Church during the TVET Council’s 4th Barbados Annual Construction and Design Conference. The Residences at Coverley, already in its first phase, will deliver nearly 600 homes, complemented by a vibrant lifestyle community featuring the island’s first dedicated nature trail and a sprawling 70,000 square-foot retail town center. Maloney emphasized the inclusion of major brands, restaurants, and entertainment venues, estimating the investment at Coverley to be around $500 million. Atlantic Breeze, with its second phase nearing completion and third phase underway, will contribute an additional $200 million, bringing the total investment to over $700 million. Homes in these developments are priced between $200,000 and $300,000, offering unmatched value, according to Maloney. Despite initial roofing issues in phase one, which have since been resolved, Maloney expressed confidence in homeowner satisfaction and the company’s commitment to addressing any concerns promptly. The government has also pledged to upgrade road infrastructure leading to the developments, with work expected to commence soon. Looking ahead, The Maloney Group is exploring additional projects, including condominiums and hospitality investments, and is considering similar developments abroad to cater to international buyers seeking well-organized, amenity-rich communities.
分类: business
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ECCB Governor urges Credit Unions to Strengthen Resilience Amid Global Challenges
In a compelling address at the Credit Union Summit held on September 24, 2025, at the St. Kitts Marriott Resort, Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB), urged credit unions across the Organization of Eastern Caribbean States (OECS) to bolster their resilience in the face of a rapidly evolving global financial landscape. Antoine described the credit union movement as a ‘force for good’ in the region, emphasizing its pivotal role in fostering financial and economic empowerment. He highlighted the current global economic challenges, including geopolitical tensions, trade wars, and the accelerating impact of artificial intelligence (AI), and called for proactive adaptation to harness the potential of these technologies while mitigating their risks. Antoine encouraged credit unions to ‘light candles in the darkest places,’ drawing on historical and faith-based resilience to continue empowering communities. Prime Minister Dr. Terrance Drew, speaking virtually from New York, echoed these sentiments, underscoring the critical role of credit unions in supporting ordinary citizens across the Caribbean, particularly where traditional financial institutions have failed. Dr. Drew noted the region’s ‘polycrisis,’ encompassing climate change, post-pandemic recovery, inflation, and geopolitical instability, and urged credit unions to rise to these challenges as they have in the past. The summit, themed ‘One Vision, One Future: OECS Credit Unions Growing Together,’ aims to foster collaboration and growth among credit unions in the region.
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Amazon reaches $2.5b settlement over Prime enrollment practices
In a landmark settlement, Amazon has agreed to pay $2.5 billion to resolve allegations brought by the Federal Trade Commission (FTC) regarding deceptive practices in enrolling consumers into its Prime subscription service and complicating the cancellation process. The lawsuit, filed in a federal court in Seattle, accused Amazon of intentionally misleading customers during checkout, making it challenging to decline the $139-per-year Prime membership while prominently featuring sign-up options. The FTC highlighted that crucial details about pricing and automatic renewals were often obscured or buried in fine print. Amazon’s internal cancellation system, nicknamed ‘Iliad’—a reference to Homer’s epic about the prolonged Trojan War—was described as deliberately convoluted. As part of the settlement, Amazon is required to overhaul its enrollment and cancellation processes, ensuring transparency and ease of use. Additionally, the company must implement new disclosure requirements before charging consumers. The court had previously ruled that Amazon Prime subscriptions fall under consumer protection laws, emphasizing that Amazon collected billing information without fully disclosing subscription terms. Amazon neither admitted nor denied wrongdoing in the settlement proposal, which was submitted before the third day of testimony in Seattle. This case is part of a broader bipartisan effort to regulate the growing influence of U.S. tech giants, marking a significant shift in government oversight.
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Crackdown coming
In a decisive move to protect Jamaica’s tourism sector, Tourism Minister Edmund Bartlett has announced plans to strengthen regulations and enforce penalties against unregulated operators. Speaking to the Jamaica Observer, Bartlett emphasized the risks posed by unlicensed activities, which undermine the country’s tourism product. He revealed that the government will collaborate with the Ministry of National Security and the Ministry of Justice to ensure compliance and enforce sanctions effectively. This initiative comes in response to growing concerns from licensed stakeholders who report unfair competition from unregulated entities. For instance, Garfield Dussard, owner of Garfield’s Diving, highlighted the challenges of competing with operators who bypass permits, licenses, and insurance, offering cheaper rates and larger commissions. Similar grievances are echoed across the industry, with licensed transport providers, craftsmen, and tour companies losing market share to unregulated rivals. The Tourism Product Development Company (TPDCo) has begun issuing cease-and-desist orders to unregistered operators, but many argue that enforcement remains inconsistent. Licensed operators like Robert McNamee and Dalton Green have expressed frustration over the lack of effective action, with some even considering exiting the industry due to unsustainable competition. Minister Bartlett has called for stricter enforcement and a partnership with local authorities to ensure compliance with standards. The Tourism Ministry is also pursuing policies to incentivize greater participation of Jamaican manufacturers, farmers, and professionals in the tourism supply chain. As Jamaica strives to maintain its status as a premier destination, stakeholders stress the need for a balanced regulatory framework that ensures safety, fairness, and sustainability for all participants in the industry.
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USDA Showcases US Beef & Lamb in Montego Bay
The Jewel Grande Montego Bay Resort in Jamaica became the epicenter of culinary innovation on September 16, as the United States Department of Agriculture (USDA) hosted an enlightening Beef & Lamb Showcase. The event, designed to highlight the exceptional quality and versatility of USDA-certified meats, attracted a diverse audience of industry professionals, including chefs, hoteliers, and food-and-beverage executives, all eager to explore the potential of these premium products in Jamaica’s dynamic food scene. The evening commenced with insightful presentations and live demonstrations by USDA experts, who detailed the rigorous standards, cutting-edge practices, and nutritional advantages that position USDA beef and lamb as global market leaders. These sessions not only emphasized the superior quality of the meats but also underscored the opportunities they offer for elevating menus in Jamaica’s hospitality sector. The second half of the event featured a curated tasting session, where guests savored an array of dishes that showcased the adaptability of USDA beef and lamb. From internationally inspired tender cuts to innovative fusions with traditional Jamaican flavors, the culinary creations sparked vibrant discussions among attendees. Cecil Jagdath, Executive Chef at Marguerites, praised the initiative, noting its value in providing fresh perspectives and enhancing the dining experiences expected by guests. For the USDA, the event was more than a promotional effort; it was a strategic move to strengthen ties with Jamaica’s hospitality industry and bolster the island’s reputation as a global culinary destination. Liz Wunderlich, Caribbean Representative for US Meats, highlighted Jamaica’s significance as a key market and announced plans for local distribution of USDA premium products through supermarket channels. The showcase concluded with toasts to its success, marking a significant step in fostering collaboration between the USDA and Jamaica’s culinary leaders.





