Carib Scope

分类： business

  • Zemi Miches All-Inclusive Resort opens in the Dominican Republic

    Zemi Miches All-Inclusive Resort opens in the Dominican Republic

    Miches, Dominican Republic – Grupo Facera has unveiled the Zemi Miches All-Inclusive Resort, Curio Collection by Hilton, marking a historic milestone as the first all-inclusive property under the Curio Collection brand in the Dominican Republic. The grand opening ceremony was graced by President Luis Abinader, alongside government officials, investors, and key stakeholders, signaling a significant boost for the region’s tourism sector.

    Hilton’s leadership lauded the resort as a strategic achievement, blending the brand’s world-class hospitality with the distinctive elegance of the Curio Collection. Jorge Giannattasio, Hilton’s Senior Vice President for the Caribbean and Latin America, emphasized that the project sets a new benchmark for regional hospitality, further elevating Miches as an emerging destination.

    For the Ranieri family, founders of Zemi Hotels & Resorts, the opening represents a continuation of their 128-year legacy of investing in Dominican tourism. The resort underscores their commitment to sustainable growth, community development, and creating opportunities for local residents. To date, the project has generated approximately 1,100 direct jobs and over 4,000 indirect employment opportunities.

    President Abinader commended the trust placed by international investors and Hilton, while Tourism Minister David Collado highlighted Miches as a rising star in the tourism landscape. He praised Zemi Miches for its unique concept, which draws inspiration from Dominican identity and Taíno heritage, offering a culturally immersive experience.

    Opened to the public in June 2025, Zemi Miches seamlessly integrates contemporary design with Taíno influences, utilizing natural materials and local craftsmanship. Developed with a $225 million investment, supported by financing from Banreservas, the resort promises authentic luxury experiences and positions Miches as a premier destination for travelers seeking excellence and cultural enrichment.

  • Saint Kitts and Nevis poised for steady economic growth in 2026 and beyond

    Saint Kitts and Nevis poised for steady economic growth in 2026 and beyond

    The economy of Saint Kitts and Nevis is on track for sustained growth in 2026 and beyond, according to projections shared during the Budget 2026 National Forum. Acting Financial Secretary Mr. Carlton Pogson outlined the nation’s economic outlook at the event held on October 29, 2025, at the St. Kitts Marriott Resort. Pogson emphasized that while the growth rate for 2025 is expected to be modest at 1.1 percent, it signifies a return to pre-pandemic economic stability. This tempered growth reflects the tapering of post-pandemic recovery efforts and sets a solid foundation for future expansion. Inflation has also seen a significant decline, dropping from highs of 2.7 percent in 2022 and 3.6 percent in 2023 to a modest 1.0 percent in 2024 and 0.6 percent as of August 2025. Looking ahead, the medium-term outlook from 2026 to 2030 is more optimistic, with average annual growth projected at 2.5 percent. By the end of the decade, GDP is expected to reach EC$2.7 billion, driven by broad-based growth across all sectors. Key industries such as Agriculture and Fishing, Construction, and Hotels and Restaurants are anticipated to play pivotal roles in this expansion. Despite these positive trends, Pogson cautioned that external factors such as geopolitical tensions, global economic slowdowns, and climate change could pose challenges. Nonetheless, the government remains committed to fostering a resilient and diversified economy, aligned with the Sustainable Island State Agenda (SISA), to enhance the quality of life for all citizens and residents.

  • Gajadien hekelt gebrek aan transparantie bij verkoop obligaties

    Gajadien hekelt gebrek aan transparantie bij verkoop obligaties

    Asis Gajadien, leader of the VHP parliamentary faction, has launched a scathing critique of Suriname’s government over its handling of the recent sale of 7.95% Cash/PIK Notes maturing in 2033. Gajadien asserts that the transaction was executed without adhering to the legal requirements governing the issuance, modification, or repayment of state debt. He emphasizes that all debt operations, whether issuing new bonds or repaying existing ones, must be pre-approved in the National Debt Plan and authorized by a government decree. Gajadien further argues that if repayment is facilitated through new borrowing, such financing must also be included in the Debt Plan beforehand. He deems it unacceptable that these decisions were not discussed with the National Assembly in advance, stressing that transactions impacting public debt should not occur behind closed doors. While acknowledging that the operation could potentially reduce debt if Suriname secures cheaper financing, Gajadien warns of the risks of costlier loans or opaque fees, which could exacerbate the debt burden. The total outstanding amount exceeds USD 693 million, with the tender process in New York concluding today and settlements scheduled for November 4. Gajadien recalls proposals made earlier this year for transparent and structured exploration of such opportunities, which were never acted upon. He criticizes the government’s lack of transparency, which fuels speculation and undermines public trust, and calls for immediate disclosure of transaction details, including amounts, interest rates, and fees. Gajadien warns of requesting an urgent Assembly meeting if the government fails to provide the necessary information, underscoring the importance of transparency in maintaining confidence in Suriname’s debt management.

  • Agribusiness : Haitian cocoa at the World Chocolate Fair in Paris

    Agribusiness : Haitian cocoa at the World Chocolate Fair in Paris

    From October 29 to November 2, 2025, Haitian cocoa will be prominently featured at the 30th edition of the World Chocolate Fair (Salon Mondial du Chocolat) in Paris. This prestigious event, held at the Porte de Versailles, will showcase the unique flavors and rich heritage of Haitian cocoa, supported by the International Labour Organization (ILO) through the Project for Strengthening Agricultural Opportunities through Training and Technological Investment (P.R.O.F.I.T.), funded by the Norwegian Ministry of Foreign Affairs. Key stakeholders from Haiti’s southern cocoa sector, including Ayitika, Kaleos S.A., Kaûna, Ralph Leroy, the Ddaga Departmental Directorate of Agriculture, and Geonova, will participate to exhibit and sell cocoa products and derivatives, highlighting the economic potential of this crop. Companies like Kaleos, Kaûna, and Leroy Chocolat will present a range of cocoa-based products, including chocolate bars, cocoa powder, cocoa butter, hot chocolate, and the world premiere of the gluten-free ‘Choucoune’ biscuit made with breadfruit flour and cocoa. Haitian cocoa, primarily the Criollo and Trinitario varieties, is celebrated for its exceptional quality and historical significance. Criollo, known for its sweet flavor and aromatic richness, boasts a purity exceeding 90%. These varieties, introduced to Haiti by the Taíno people during the pre-Columbian era, are highly prized by European chocolatiers and fine pastry chefs. In 2023, cocoa ranked as Haiti’s second-largest primary export, with annual production of 5,000 tons generating approximately $8 million in revenue. However, less than 10% of Haiti’s total cocoa production is exported as fermented cocoa, underscoring the untapped potential of this industry.

  • Franco-Dominican Chamber to Celebrate France Week 2025 in Santo Domingo

    Franco-Dominican Chamber to Celebrate France Week 2025 in Santo Domingo

    Santo Domingo is set to host France Week from November 12 to 15 at the JW Marriott Hotel, organized by the Franco-Dominican Chamber of Commerce and Industry (CCIFD). This prestigious event, themed “Blue Economy and Smart Cities,” will bring together over 800 participants, including business leaders, investors, and government officials, to strengthen economic ties between France and the Dominican Republic. The forum will focus on key areas such as sustainable mobility, energy innovation, waste management, and green finance, aiming to foster collaboration and showcase cutting-edge projects. The opening day on November 12 will feature a welcome cocktail to celebrate Franco-Dominican business excellence. On November 13, President Luis Abinader will officially inaugurate the event alongside CCIFD President Eury Vásquez and French representatives. Sessions will highlight technological innovation and the energy transition, followed by a business luncheon led by Minister Ito Bisonó and B2B meetings to connect companies across sectors. The event will conclude on November 15 with a cultural day celebrating French art and elegance, including a conference at the Alliance Française and the Chic à la Française Walk at Blue Mall, offering exclusive activities for visitors. France Week, held biennially, is organized by the CCIFD, a non-profit network of over 210 companies dedicated to promoting economic relations between the two nations. The event is supported by the French Embassy, ProDominicana, Business France, AFD, Proparco, Sofratesa, Aerodom/Vinci Airports, Alstom, Altice Dominicana, and Banco Popular Dominicano, among others.

  • Hydro Belize Deal Raises Hopes for Public Stake in Energy Future

    Hydro Belize Deal Raises Hopes for Public Stake in Energy Future

    The Briceño administration has made a landmark move by investing $256 million to acquire full control of Fortis Belize Limited, which will soon be rebranded as Hydro Belize. This acquisition includes three major dams and a significant stake in Belize Electricity Limited (B.E.L.). The deal has sparked widespread interest, particularly regarding the potential for public investment in this energy giant. Prime Minister John Briceño emphasized that the initiative is designed to benefit Belizean citizens, with plans to allow thousands of Belizeans to invest in the company. The government aims to allocate a portion of the shares to the public, potentially setting aside up to 10% for individual investors. Additionally, the administration is exploring ways to involve Social Security in the investment, ensuring solid returns for the national fund. The Prime Minister also assured transparency, stating that the beneficial owners of Hydro Belize Limited will be publicly accessible through the registry. This move is part of a broader strategy to enhance public participation in key national assets, including the upcoming development of the Port of Belize.

  • Soaring Power Costs Strain Belizeans as CFE Supply Falters

    Soaring Power Costs Strain Belizeans as CFE Supply Falters

    Belize is grappling with a severe energy crisis as soaring electricity costs from Mexico’s Comisión Federal de Electricidad (CFE) place immense strain on its citizens. Prime Minister John Briceño revealed this week that during peak hours, Belizeans are paying up to one U.S. dollar per kilowatt, a rate that is significantly higher than global standards. This alarming situation has prompted the government to explore alternative solutions, including a potential connection to the Central American power grid.

  • Low September Tourist Arrivals Signal Hard Times Ahead

    Low September Tourist Arrivals Signal Hard Times Ahead

    Belize’s tourism industry, a cornerstone of its economy, is bracing for challenging times as recent data reveals a significant drop in overnight tourist arrivals. According to the Belize Tourism Board, September 2025 saw an 8.6% decline in overnight visitors compared to the same period last year, with numbers falling from over 22,000 to just under 21,000. This downturn is particularly concerning given that overnight tourism is the primary revenue generator for the sector. The extended U.S. federal government shutdown, coupled with global geopolitical tensions and economic uncertainties, is exacerbating the situation, causing American and international travelers to reconsider their travel plans. Tourism Minister Anthony Mahler acknowledged the strong start to the year but highlighted the adverse effects of global instability, including trade wars and conflicts, on travel behavior. BTB Director Evan Tillett emphasized the critical role of overnight tourism, describing it as the ‘lifeblood’ of the industry. The recent decline starkly contrasts with 2024, a record-breaking year that saw over 562,000 overnight visitors, marking a 21% increase from 2023. As the industry prepares for a potential slowdown, stakeholders are hopeful for a recovery before the peak tourist season begins.

  • Bisonó promotes Dominican free trade zones to Spanish investors

    Bisonó promotes Dominican free trade zones to Spanish investors

    The Dominican Republic’s free trade zone model has been hailed as one of the most robust and dynamic in the region, with exports projected to hit US$8.6 billion by the end of 2024, according to Víctor Bisonó, the Minister of Industry, Commerce, and MSMEs. The sector has already generated over 198,000 direct jobs and 450,000 indirect jobs, contributing 3.1% to the national GDP in the previous year. In the first eight months of 2025 alone, exports surpassed US$5.7 billion, underscoring the country’s growing economic momentum. Bisonó shared these insights during his presentation, ‘Advanced Manufacturing Ecosystem in the Dominican Republic,’ held at the Mapfre Foundation as part of Dominican Week in Spain. He emphasized the nation’s transformation into a regional hub for innovation, logistics, and skilled talent, attracting 49 new companies this year. These additions expand the network of 97 industrial parks across diverse sectors, including electronics, pharmaceuticals, premium tobacco, textiles, jewelry, and medical devices. The latter sector boasts world-class firms such as Baxter, Jabil, B. Braun, and Cardinal Health. Bisonó also spotlighted the National Semiconductor Strategy (Decree 324-24), which aims to integrate the Dominican Republic into global microelectronics value chains. Citing the Information Technology and Innovation Foundation (ITIF), he noted the country’s potential to produce printed circuit boards and test components, positioning it as a trusted partner for the United States in advanced manufacturing. Inviting Spanish investors to collaborate, Bisonó described the Dominican Republic as a nation that ‘produces, innovates with purpose, and exports with identity,’ supported by legal stability, robust logistics, and a highly skilled workforce.

  • PM: “We Are In Trouble Right Now With Mexico”

    PM: “We Are In Trouble Right Now With Mexico”

    Belize is grappling with escalating electricity prices and strained relations with Mexico, its primary energy supplier. Prime Minister John Briceño has openly acknowledged the challenges, stating, ‘We are in trouble right now with Mexico, as much as you might not want to accept it, we are in trouble.’ During peak demand periods, Mexico’s Comisión Federal de Electricidad (CFE) has reportedly increased electricity prices to US$1 per kilowatt, exacerbating the financial burden on Belizeans. Belize Electricity Limited (BEL) has expressed deep concern over these developments. To address this crisis, the Belizean government has signed a non-binding memorandum of understanding (MOU) with U.S.-based Energy Transfer. The agreement proposes generating 50 megawatts of power locally, aiming to reduce reliance on imported electricity and enhance long-term energy security. Prime Minister Briceño emphasized that this initiative would not only improve domestic energy reliability but also position Belize as a potential energy exporter to neighboring Central American countries. This project is part of a broader strategy to diversify Belize’s energy portfolio, which includes the recent acquisition of Fortis hydroelectric dams, currently supplying approximately one-third of the nation’s power. While still in its early stages, the initiative reflects Belize’s commitment to achieving energy independence and mitigating the impact of external market fluctuations.