分类: business

  • Young people urged to lean into creative industries

    Young people urged to lean into creative industries

    KINGSTON, Jamaica – Jamaican government officials are calling on the nation’s youth to harness the vast economic potential within the creative industries. Delano Seiveright, State Minister in the Ministry of Industry, Investment and Commerce, emphasized that Jamaica possesses a unique and underutilized niche in the global creative marketplace.

    Following a strategic meeting with entertainment mogul Romeich Major, a key architect of Jamaica’s modern entertainment landscape, Seiveright highlighted music, event production, and cultural businesses as natural competitive advantages for the nation. He argued that while Jamaican talent is abundant, young creatives must begin viewing their artistic endeavors as scalable business ventures.

    “The paradigm must shift from mere cultural expression to structured enterprise creation,” Seiveright stated. He pointed to Major’s career trajectory—spanning music management, brand development, and international events—as a blueprint for success. Major’s achievements demonstrate how artistic vision, when fortified with business acumen and persistence, can generate substantial job opportunities, export revenues, and global market penetration.

    Research from the Creative and Cultural Industries Association of Jamaica reveals the sector already contributes significantly to the national economy, accounting for 5.1% of GDP with an estimated annual value of $107 billion. Despite this substantial footprint, many emerging creatives face challenges in business structuring, financing, export capabilities, and market access.

    Seiveright outlined the government’s intensified focus on enterprise development, export expansion, and investment facilitation specifically tailored to creative sectors. The ministry aims to provide tools and partnerships that help entrepreneurs transition from local recognition to sustainable international operations, ultimately maximizing Jamaica’s cultural capital on the world stage.

  • Women of Babonneau drive Saint Lucia’s OCOP movement

    Women of Babonneau drive Saint Lucia’s OCOP movement

    Saint Lucia is pioneering an innovative economic development model through its One Community One Product (OCOP) initiative, adapted from Japan’s renowned ‘One Village One Product’ framework. This transformative program represents a collaborative effort between the Japan International Cooperation Agency (JICA) and Saint Lucia’s Ministry of Agriculture, Fisheries, Food Security and Climate Change.

    Unlike traditional agricultural programs that focus solely on production metrics, OCOP adopts a holistic value-chain approach that integrates growers, processors, and marketers into a cohesive ecosystem. The initiative aims to convert local cultural heritage and traditional practices into viable commercial opportunities, creating sustainable livelihoods while preserving community identity.

    The program underwent extensive development through preliminary community engagements across Soufrière, Micoud, and Laborie over the past year. These pilot activities enabled organizers to test various development approaches, assess community readiness, and customize the model to Saint Lucia’s unique socioeconomic landscape.

    Currently, OCOP has entered an intensive implementation phase centered in Babonneau, a community with generations of expertise in household-level value addition. The area’s tradition of women processing local produce for domestic use provides a natural foundation for commercial agro-processing development.

    At the core of the Babonneau initiative is the Saint Lucia Network of Rural Women Producers (Babonneau Cluster), where approximately 14 local women, including mothers, receive hands-on training in agro-processing techniques. This strategic capacity-building component ensures skills transfer and economic empowerment at the grassroots level.

    Kendra Payne, a local project consultant, emphasizes the program’s intentional design: ‘We’re building upon existing foundations and shaping them into realistic, sustainable enterprises. Our focus extends beyond production to ensure benefits are equitably distributed across the entire value chain.’

    The Babonneau pilot serves as a national blueprint, with lessons learned guiding planned expansion to other communities. This phased approach demonstrates how culturally-grounded economic initiatives can create meaningful impact while preserving traditional knowledge systems.

  • Personeel Melkcentrale legt werk neer: ‘Directeur Atompai moet blijven’

    Personeel Melkcentrale legt werk neer: ‘Directeur Atompai moet blijven’

    Employees of Melkcentrale NV initiated an unexpected work stoppage on February 25th in response to the announced termination of Director Monché Atompai and Deputy Director of Administrative Services Ritshik Adelaar. The protest effectively halted all production operations and forced the closure of the company’s retail outlet.

    According to staff spokesperson Assisa Alibug, the workforce was taken by surprise when Atompai revealed during a pre-protest address that external pressure was being applied to force his resignation and contract termination. Alibug stated that no substantive explanation was provided regarding the reasoning behind this decision, leaving employees deeply concerned about the company’s future direction.

    The spontaneous demonstration involved approximately 120-130 personnel across all organizational levels, including management, administrative staff, and production workers. In a show of solidarity, employees have initiated a petition campaign that has already gathered 105 signatures demanding the retention of both executives. Workers emphasized that their protest action was self-organized without any influence from management.

    Staff representatives cited Atompai’s successful leadership in stabilizing the company’s financial position, ensuring timely salary payments, and implementing improved operational processes as key reasons for their support. The duration of the work interruption remains uncertain, with employees indicating their actions will continue until management addresses their concerns.

    No official statement has been released by company ownership or governing authorities regarding the contractual decisions that prompted the labor action.

  • Caribbean Shipping Assoc conference in Guyana to discuss major trade-related issues

    Caribbean Shipping Assoc conference in Guyana to discuss major trade-related issues

    Guyana is poised to host the Caribbean Shipping Association’s (CSA) 56th Annual General Meeting, Conference and Exhibition from October 25-28, 2026—marking the first time the country welcomes this prestigious maritime gathering. The event will convene over 350 global maritime stakeholders to address critical industry challenges and opportunities shaping regional commerce.

    According to Komal Singh, Chairman of the Shipping Association of Guyana (SAG), the conference will prioritize several transformative themes: enhancing supply chain management, facilitating regional trade, implementing sustainable shipping practices to reduce carbon emissions, and addressing persistent logistical bottlenecks. The discussions will also focus on modernizing port infrastructure, combating cybersecurity threats, and implementing digital innovations throughout logistics networks.

    The timing coincides with Guyana’s remarkable economic and infrastructure transformation, creating abundant opportunities for investors and shipping industry participants alike. Recent preparatory meetings between CSA officials and SAG leadership have focused on venue readiness, logistical coordination, and compliance with international conference standards.

    Industry executives highlight urgent needs for operational improvements across Caribbean ports. Tim Martin, President and CEO of Tropical Shipping, emphasized at the recent US-Caribbean maritime forum that administrative inefficiencies—such as limited customs clearance availability and outdated freight equipment—significantly delay cargo delivery and impact business profitability throughout the region.

    Meanwhile, Arawak Port Development Limited’s CFO Dionne Bethel advocated for enhanced cybersecurity measures and intra-port security upgrades to maintain competitive transshipment services.

    CSA General Manager Capella Ras expressed confidence in Guyana’s preparedness, noting “the dedicated efforts of its organising team promise a memorable and impactful conference.” The event will serve as a crucial platform for strengthening professional networks, showcasing best practices, and exploring emerging opportunities within the Caribbean maritime sector.

  • DHL Operations Recognized for Outstanding Service Quality

    DHL Operations Recognized for Outstanding Service Quality

    In a significant achievement for its Caribbean network, DHL Operations across St. Kitts and Nevis has earned formal recognition for exceptional service quality standards. The accolade was confirmed through the company’s December 2025 Quarterly Service Quality Competition Report, highlighting the offices’ commitment to operational excellence and customer satisfaction.

    Ms. Rashidi Clarke, DHL Operations Manager (Agents), announced the results which positioned the Nevis office as first-place winner among sixteen regional competitors, with the St. Kitts office securing a strong second place finish. The rankings were determined through comprehensive evaluation of year-end performance targets across the logistics network.

    “Please join me in congratulating all teams for their hard work and commitment to excellence,” stated Clarke. “Let’s keep the momentum going as we aim for even greater success in 2026.”

    The achievement underscores both offices’ sustained focus on operational efficiency, timely delivery performance, and maintaining elevated service standards. This success has been driven by dedicated teams consistently exceeding customer and business partner expectations through continuous improvement initiatives and adherence to global best practices.

    DHL’s regional operations have demonstrated strong commitment to innovation and excellence, utilizing advanced logistics solutions while maintaining robust local presence. This approach ensures seamless connectivity to international markets while prioritizing safety protocols, sustainability measures, and enhanced customer experiences aligned with the DHL brand’s trusted standards.

    Looking forward, the company has reaffirmed its dedication to strengthening operational capabilities, investing in workforce development, and delivering world-class logistics services throughout the Caribbean region and beyond.

  • Labour Dept Moves to Clarify CCJ Severance Ruling

    Labour Dept Moves to Clarify CCJ Severance Ruling

    The Belizean labor landscape faces mounting tension as conflicting interpretations of a landmark Caribbean Court of Justice ruling trigger both governmental intervention and worker mobilization. The Ministry of Immigration, Governance and Labour has moved urgently to address widespread public confusion stemming from the CCJ’s decision in Marin v. BTL, emphasizing that the ruling establishes precedent solely for the specific parties involved rather than creating universal entitlement to severance payments nationwide.

    Despite governmental assurances that existing severance regulations remain unchanged, the Belize Communication Workers for Justice (BCWJ) has intensified its campaign for compensation, alleging systematic non-compliance by Belize Telemedia leadership. The dispute has taken a decidedly personal turn as workers announced plans to demonstrate Friday at Southside Meat Shop on Albert Street West—a business owned by BTL board chairman Markhelm Lizarraga.

    BCWJ organizer Emily Turner articulated the strategic shift toward personal confrontation, stating: “We believe the chairman is behaving personally with us about paying our severance, and we must make it personal right back at him.” The decision follows collapsed negotiations that initially appeared promising when BTL indicated board approval for severance payments, only to subsequently maintain that many workers remained ineligible according to their interpretation of the CCJ ruling.

    Turner detailed the breakdown in negotiations, explaining that despite presenting good faith offers, company representatives reiterated their non-compliance stance regarding workers with over six years of service. The Labor Department continues urging both employers and employees to seek individualized legal guidance rather than presuming blanket application of the court decision, emphasizing that each case depends on specific contractual agreements and factual circumstances.

  • Estimates of Expenditure and Revenue for the financial year 2026-2027 laid in Parliament

    Estimates of Expenditure and Revenue for the financial year 2026-2027 laid in Parliament

    The Government of Barbados has formally presented its comprehensive budget for the 2026-2027 fiscal year to Parliament, initiating the legislative process for national expenditure and revenue allocation. This financial blueprint, which also includes a revised forecast for the ongoing 2025-2026 period, will undergo detailed parliamentary scrutiny starting March 2, 2026, through debates on the Appropriation Bill.

    For the current 2025-2026 financial year, the revised fiscal outlook indicates an expected cash revenue of $3,856.0 million, predominantly from tax contributions ($3,663.4 million), with the remainder from non-tax and grant sources. Total expenditure is projected at $3,939.8 million, leading to a modest deficit of $83.8 million, representing -0.5% of the estimated GDP of $16,242.8 million. A robust primary surplus of $658.4 million (4.1% of GDP) underscores a stable fiscal foundation.

    Looking ahead to 2026-2027, the government anticipates a significant revenue expansion. On a cash basis, current revenue is projected to reach $5,179.0 million, marking a substantial 34.3% increase from the revised 2025-2026 figures. Total expenditure on an accrual basis, inclusive of amortization, is set at $6,138.6 million. Converted to a cash basis (excluding amortization), this translates to $5,075.5 million, allocated between current ($4,185.7 million) and capital ($889.8 million) expenditures. This reflects a notable $766.7 million increase in current spending compared to the previous year.

    Key expenditure drivers include a significant rise in goods and services funding, set to increase by $376.2 million to $966.7 million, and a 32% jump in current transfers to $1,520.1 million. Debt servicing remains a major outlay at $1,495.9 million. Despite this, the primary balance is forecast to be a strong surplus of $817.5 million, equating to 4.8% of a projected GDP of $17,064.7 million.

    The budget allocates strategic investments across critical sectors, including:
    * $182.2 million subvention for the Queen Elizabeth Hospital.
    * $121.5 million for the Social Empowerment Agency.
    * $242.0 million for the Barbados Water Authority’s capital projects.
    * $116.0 million for the Barbados Defence Force.
    * $78.4 million for Special Needs grants, Pensioners, and Welfare.
    Additional provisions target long-term economic resilience, including $75.0 million for the Economic Diversification Growth Fund, $56.0 million for the Resilience and Regeneration Fund, $52.2 million for the Barbados Republic Child Wealth Fund, $23.0 million for the Smart Energy Fund, and $20.0 million to capitalize the Blue Green Bank, signaling a strong commitment to sustainable and diversified economic growth.

  • Punta Cana Airport recognized among world’s best in 2025 ASQ Customer Experience Awards

    Punta Cana Airport recognized among world’s best in 2025 ASQ Customer Experience Awards

    Punta Cana International Airport (PUJ) has once again secured its position among the world’s elite aviation hubs by winning the prestigious 2025 ASQ Customer Experience Award from Airports Council International (ACI) World. This remarkable achievement represents the ninth time the Dominican Republic airport has received this distinguished honor, having previously maintained an eight-year winning streak that now resumes.

    The airport earned top honors in the ‘Best Airports at Departures’ category for Latin America and Caribbean airports handling 5 to 15 million passengers annually. This recognition specifically acknowledges excellence in service quality as evaluated directly by travelers, making it one of the most authentic measures of passenger satisfaction in the aviation industry.

    The ASQ program stands as the global benchmark for airport customer experience measurement, utilizing real-time surveys conducted with passengers within airport facilities. The methodology ensures statistically significant data collection through randomized sampling across various locations and times, capturing genuine passenger experiences throughout their journey.

    During the 2025 evaluation period, the program gathered feedback from approximately 707,000 travelers worldwide, representing more than half of global air passenger traffic. The comprehensive data revealed increasing satisfaction levels across multiple touchpoints, including enhanced cleanliness, more pleasant terminal environments, welcoming atmospheres, superior customer service, and significant improvements in immigration and border control efficiency.

    Among only 100 airports worldwide to receive ASQ recognition this year, Punta Cana’s achievement becomes particularly notable given its sustained operational performance during a period of high passenger volumes. The airport has consistently maintained strong traffic numbers throughout the award period, even achieving weekly passenger records, demonstrating that operational excellence and customer satisfaction can coexist at scale.

  • SSB Invests $10M Contributors’ Funds in Heritage Bank Deal

    SSB Invests $10M Contributors’ Funds in Heritage Bank Deal

    The Social Security Board (SSB) of Belize has finalized a significant financial investment strategy, directing $10 million from contributor funds into a fixed-term deposit arrangement with Heritage Bank Limited. This strategic move, initially announced in December and now officially confirmed, involves monthly contributions from numerous Belizean workers and employers across the nation.

    Financial documents published in the Belize Gazette outline the specific terms of this banking agreement, revealing a two-year investment period with a fixed annual interest rate of 2.75%. This calculated financial maneuver is projected to generate approximately $275,000 in annual returns for the Social Security Fund.

    Heritage Bank Limited, the recipient institution of this substantial deposit, operates as a fully licensed domestic commercial bank under the regulatory oversight of the Central Bank of Belize. The bank has maintained a consistent record of exceeding statutory requirements for both capital adequacy and liquidity ratios, according to official statements.

    Vanessa Vellos, Communications and PR Manager for SSB, provided additional context regarding the investment decision-making process. In discussions with News Five, Vellos explained that the board’s Investment Services Department conducted thorough financial calculations before recommending this specific allocation. “The SSB maintains an investment committee that carefully evaluates our liquidity position,” Vellos stated. “Their analysis determined that this amount represented an optimal investment figure given current market conditions.”

    This investment approach follows established precedent for the Social Security Board, which has previously engaged in similar term deposit arrangements with other banking institutions. These prior investments have reportedly delivered strong returns and performed according to expectations, creating confidence within the board regarding the Heritage Bank placement.

    The investment strategy employs a phased implementation approach through multiple tranches, preserving operational flexibility while maximizing returns on funds that would otherwise generate minimal interest income. SSB officials emphasize that the resulting investment income will directly contribute to the long-term stability of the Social Security Fund, supporting critical payment obligations including pension disbursements and sickness benefits.

    Vellos confirmed the successful finalization of the investment, noting, “The transaction has been completed and is currently progressing according to plan. We have received no objections to this investment decision.”

  • ‘Money Is Such a Heavy Topic’: Faith & Finance Opens Dialogue for Women

    ‘Money Is Such a Heavy Topic’: Faith & Finance Opens Dialogue for Women

    A transformative financial literacy event specifically designed for women successfully convened this week, bringing together over 25 participants. Organized under the banner ‘Faith & Finance,’ the gathering provided a comprehensive platform addressing longstanding barriers to financial education through direct resource access and proven strategic methodologies.

    The event was meticulously curated by Sharlene Skinner and Sergin David of Bloom Events, focusing on delivering practical knowledge across multiple financial domains. Key workshop topics included intelligent investing principles, strategic utilization of insurance products, actionable saving techniques, and real-world success case analyses. Uniquely, all financial lessons were contextualized within faith-based frameworks, redefining money management as an essential component of personal stewardship.

    Highlighting the program was a powerful keynote address by veteran business leader Alice Orie, who recounted her remarkable entrepreneurial journey beginning at age 13. Her narrative detailed how small business initiatives became survival mechanisms during her family’s financial struggles. With over four decades of business experience, Orie shared candid insights on navigating professional pitfalls, overcoming intense public scrutiny and gossip, and achieving sustained success. Her presentation extended beyond inspiration to include practical investment approaches, accessible saving methods, and the central role of faith in maintaining holistic success.

    The educational experience was further enhanced by Ashwini Singh, investment analyst at event sponsor UTC Global Balance Fund, who conducted an intensive workshop on budget decoding. Singh demonstrated practical techniques for optimizing salary allocation across expenses while creating realistic saving structures. Complementary expertise was provided by Sagicor representatives Deborah Raoul and Sherlon Leon, who elucidated how various insurance instruments could be leveraged to advance long-term financial objectives.

    The event proved particularly impactful for women primarily in their thirties and beyond, facilitating fundamental financial literacy development. Reflecting on the gathering, co-organizer Sharlene Skinner told St. Lucia Times: ‘Money remains a profoundly heavy topic. We critically need more spaces like this for understanding monetary nuances and improving our stewardship capabilities. This afternoon visibly demonstrated growing awareness and mindset shifts—precisely Faith & Finance’s purpose.’

    Bloom Events confirms this inaugural gathering represents merely the beginning of this initiative, with subsequent events already in active development stages.