分类: business

  • Big refrigerator for Rupununi to push food supply – Ali

    Big refrigerator for Rupununi to push food supply – Ali

    Following the official inauguration of the upgraded Karasabai Airstrip in Guyana’s remote Region Nine on Saturday, President Irfaan Ali has announced a suite of targeted investments designed to turn the Rupununi region into a high-output agricultural hub, addressing long-standing logistical barriers that have stifled local economic growth for decades.

    The airstrip, which serves roughly 1,200 local residents, received a total investment of GY$1.53 billion for its expansion and modernization. Beyond enabling improved access to remote communities, the upgraded infrastructure is the cornerstone of the government’s plan to boost large-scale commercial agriculture in the area, which has already shown promising early output. President Ali confirmed that a 20-tonne industrial blast freezing refrigerator will be deployed to the region in the coming months to preserve fresh produce, meat, and other perishable goods before they are transported via air and road to markets in Georgetown and other population centers across Guyana.

    “Our goal is to maximize the economic value this new airstrip delivers to local communities,” Ali explained during the commissioning ceremony. “This 20-tonne unit will blast-freeze even locally produced meat, helping us build the cold storage capacity we need to reliably move fresh goods from Rupununi to national markets.”

    The government’s agricultural expansion strategy focuses on scaling up production of high-value crops including coffee, peanuts, ginger, and onions, in close partnership with smallholder farmers across Karasabai and surrounding areas. President Ali noted that the administration is actively facilitating private sector partnerships with local small farmers to turn agriculture into the region’s primary economic driver, unlocking sustained value from the upgraded airstrip infrastructure.

    Early results from existing commercial production in Rupununi already point to major untapped potential. Local Toka region is renowned for its large, high-quality watermelons: one farm produced 100,000 watermelons for shipment to Georgetown last year alone, with another 4,000 units shipped out just last week. Local tomato production has also hit industrial-scale output, reaching 20 kilogrammes of tomatoes per plant. For onion production, which Guyana first attempted to scale in the interior roughly 50 years ago, transportation bottlenecks have long derailed past efforts. Today, President Ali confirmed that full approval has been granted for large-scale onion cultivation, as long as local villages commit large tracts of land to the project. The government will centralize regional logistics and invest in purpose-built transportation vehicles to move onion harvests from Rupununi to national markets.

    “We’re not asking for anything more than for local villages to commit to production,” Ali said. “Follow the example of the successful watermelon farms and scale up output – that’s all we need to make this work.”

    Beyond agricultural development, the upgraded airstrip will also deliver critical public benefits to the remote region. President Ali announced that the government has reached an agreement with Jag’s Aviation to launch once-weekly scheduled commercial passenger flights to Karasabai, improving connectivity for residents. The expanded runway is also engineered to accommodate delivery drones, which will be used to transport emergency blood supplies from Lethem to Karasabai, cutting response times for critical medical emergencies.

    At the same time, the announcement leaves one key outstanding question unanswered: it remains unclear how large-scale agricultural operations will be protected against the widespread severe flooding that regularly impacts large swathes of the Rupununi region, a recurring natural challenge that could threaten crop stability and long-term output.

  • TAX CHEATS WARNED

    TAX CHEATS WARNED

    In a recent address to final-year business students at the University of Technology Jamaica’s (UTech) 2025/2026 Western Campus Seminar, hosted at Sea Gardens Beach Resort in Montego Bay, Jason Russell, president of the Montego Bay Chamber of Commerce and Industry (MBCCI) and a third-generation Jamaican business leader, has issued a stark warning to entrepreneurs engaging in tax dodging and unethical accounting practices: short-term gains from cutting corners will inevitably lead to long-term damage that cripples business growth.

    Russell, who oversees popular local hospitality ventures including Pier One Restaurant and Deja Hotel, drew on decades of hands-on business experience to challenge the common perception that off-the-books operations and under-the-table earnings deliver greater profits than legitimate, transparent practice.

    “I’ve seen countless entrepreneurs buy into the idea that operating in the black market or cutting corners on tax compliance brings bigger rewards,” Russell told the gathered students. “But the reality is far from that. When you intentionally fudge your books to hide income, you end up creating a mess you can’t untangle. I’ve mentored businesses that keep three separate sets of accounting records, all designed to mislead regulators. When you dig into those books, you can’t reconcile missing funds, basic entries are wrong, and no one can track where the money actually went — that’s by design, but it’s a design that sinks growth.”

    He went on to note that Jamaica’s modern tax regulatory system has closed gaps that once allowed under-declaration to go undetected. “The government has built a robust, interconnected system that requires full disclosure to produce consistent, reconcilable financial records. Any attempt to hide income will leave obvious gaps that can’t be explained away when auditors or third parties review your books,” he explained.

    Russell emphasized that his own family-owned hospitality businesses have maintained 100% tax compliance from their founding, a choice that has created long-term value that unethical operators can never access. “At Pier One and our hotel, we take pride in being fully transparent with all our tax obligations. Too many tax dodgers miss the big picture: they hide income for years, then when they need financing from a bank to expand, they have no verifiable financial history to back up their claims of success. You can tell a bank you make a million dollars a month, but if your bank statements only show $10,000, and you have no record of a decade of operations, lenders aren’t going to take you seriously. Even if you drive a luxury car and own a big home, that doesn’t make up for missing, inconsistent financial records,” he said.

    He stressed that these short-term cuts to compliance create permanent barriers to long-term expansion. “I don’t judge other operators for their choices, but the facts are clear: a business built on under-the-table dealings can never reach its full potential. You can’t get approved for public contracts through the National Contracts Commission, you can’t secure a tax compliance certificate that’s required for most major business deals, you can’t expand into global markets, and you can’t access affordable financing from mainstream banks. You end up stuck in a dead-end, limited operation, with no room to scale. The only sustainable path to long-term business growth is to build your company on straight, transparent practices,” Russell advised.

    Beyond tax compliance, Russell shared practical advice for aspiring new business owners, urging students to build emergency cash reserves to weather unexpected disasters. He explained that insurance claim processes are often slow and inadequate, so having cash on hand is critical to keeping operations running after a crisis. “As business owners, we need to set aside a cash buffer for rainy days. You can’t afford to wait weeks or months for an insurance payout to reopen after a storm or other disaster. Insurance won’t get your business back up and running the next day. When my hotel suffered damage recently, I received no payout from insurance at all. But because we had built up a reserve, we were able to start repairs immediately and keep the business open,” he shared.

    The seminar, which brought together academic insight and industry experience to support emerging business leaders, ran under the theme “Bridging minds, building futures: Igniting innovation through collaboration.”

  • From Meadowbrook High, SoChill goes global

    From Meadowbrook High, SoChill goes global

    KINGSTON, JAMAICA – Few entrepreneurial success stories grow as organically as that of SoChill Clothing, the Jamaican apparel brand that emerged from a casual daily hangout among high school basketball teammates more than a decade ago. What began as a casual idea dreamed up under a tree by friends from Meadowbrook High School’s basketball team in St. Andrew in 2011 has expanded into a global lifestyle label, with its co-founder predicting major long-term influence on the international fashion market.

  • Caribbean employers urged to invest in workforce development

    Caribbean employers urged to invest in workforce development

    ST JOHN’S, Antigua – Across the Caribbean region, working professionals seeking to advance their education through traditional in-person or overseas pathways are facing a growing web of barriers that lock millions out of opportunity. Now, top business leaders are positioning flexible online learning as a practical, scalable solution that delivers mutual benefits for workers, private companies, and the broader regional economy.

    Martin Cave, Executive Director of the Antigua and Barbuda Chamber of Commerce, is calling on employers across the Caribbean to proactively support their teams in leveraging online education programs, which let working people upskill without stepping away from their jobs. While regional institutions like the University of the West Indies offer high-quality academic programs, Cave explained that in-person attendance is often out of reach for workers juggling full-time professional duties, family obligations, and tight household budgets.

    For Caribbean workers who aim to study at overseas institutions, the hurdles are even higher: steep international tuition fees, costly and disruptive relocation, and extended gaps in employment that can derail long-term career and financial stability. Cave notes that these systemic barriers have closed off traditional higher education pathways for a large share of the Caribbean working population.

    To address this gap, the Antigua and Barbuda Chamber of Commerce has formed a partnership with DeVry University, an accredited U.S.-based online higher education institution, to open access to discounted degree and certificate programs for private-sector workers and Antiguan and Barbudan nationals. Cave stressed that online learning eliminates nearly all the barriers tied to overseas or traditional in-person study, by design, because it lets students keep earning a full-time income while progressing toward their educational goals.

    “Virtual learning lets people study from their own homes, and fit coursework around their existing daily schedules,” Cave explained. “With flexible program structures and curricula built directly for in-demand careers, balancing work, education and personal life becomes far more manageable for working students.”

    Beyond the clear advantages for individual workers, Cave emphasized that companies that invest in supporting employee upskilling through online education see substantial long-term returns. A more highly skilled workforce directly drives higher productivity, streamlined operational efficiency, and stronger long-term market competitiveness for businesses.

    “When employees grow their skills through higher education, they bring stronger, more updated capabilities to their roles,” Cave said. “That translates directly to better on-the-job performance, fewer operational inefficiencies, and stronger overall business results.”

    These benefits are not limited to individual companies, either. They ripple out to support broader national economic development across the region. “At the macro level, stronger, more productive businesses deliver higher profits and output, which boosts GDP growth and strengthens overall economic resilience,” Cave explained. “This creates a self-reinforcing positive cycle of job creation, increased private investment, and sustained national progress.”

    Cave is urging businesses across Antigua and Barbuda, and across the wider Caribbean, to reframe online education not as a fringe perk for workers, but as a core strategic investment in their workforce and long-term growth. “I don’t see any downside to people investing in improving themselves,” he said. “This is a win for employees, it’s a win for employers, and it’s a win for entire countries across the region.”

  • Ariza: Notice of Annual General Meeting 2026

    Ariza: Notice of Annual General Meeting 2026

    ARIZA Credit Union has officially opened registration for its upcoming 2026 Annual General Meeting (AGM), offering members two convenient methods to confirm their attendance. Interested participants can secure their spot by visiting the dedicated registration link at tinyurl.com/arizaagm2026 or by scanning the QR code included in the original announcement to complete the RSVP process.

    A standard legal disclaimer accompanying the announcement clarifies that NOW Grenada, the platform hosting the notice, holds no liability for the opinions, statements, or third-party contributed media content shared in connection with the event. The platform also provides a reporting pathway for users to flag any content that violates community guidelines or constitutes abuse, ensuring a safe and transparent communication environment for all attendees and stakeholders.

    As a key annual governance event for ARIZA Credit Union, the AGM serves as a critical opportunity for members to review the institution’s past financial performance, discuss strategic priorities for the coming term, vote on leadership positions, and raise questions about operational developments. Open RSVP registration early in the planning process allows the organization to make adequate logistical arrangements to accommodate all participating members.

  • Businessman proposes road projects to Abinader to boost tourism in the Northeast

    Businessman proposes road projects to Abinader to boost tourism in the Northeast

    A prominent Dominican business figure has joined President Luis Abinader in calling for accelerated action on targeted road infrastructure projects that stand as critical building blocks for expanding the nation’s economic and tourism sectors, with a specific focus on unlocking growth in the country’s underdeveloped Northeast region.

    Leading the push is businessman Jhonny Cabrera, who has identified the modernization of the Las Américas entrance — the primary gateway to the Greater Santo Domingo metropolitan area — as a top urgent priority. Cabrera explains that upgrading this key arterial route will deliver multiple interconnected benefits: it will cut through persistent traffic congestion, drastically reduce the risk of road accidents to improve overall safety, and create a more polished, welcoming first impression for both domestic travelers and international tourists arriving to the country.

    Beyond the capital region’s access point, Cabrera has also stressed the critical need for upgrades to the main access road leading to Las Terrenas, one of the Dominican Republic’s most popular and fastest-growing coastal tourism hubs. He notes that the steady, long-term expansion of Las Terrenas’ tourism industry is inextricably linked to the quality of its transportation links; without efficient, modern, and reliable road connectivity, the destination cannot reach its full potential.

    To further amplify regional tourism development, Cabrera has put forward a new proposal: the construction of a strategic interconnected road network that would link the popular destinations of Las Terrenas, El Limón, and Las Galeras. The overarching goal of this initiative is to create a cohesive, integrated tourist circuit across Samaná Province, streamlining travel between key attractions for visitors and opening up new economic opportunities for local communities across the region.

    Cabrera emphasizes that these infrastructure projects deliver far more than just improved transportation. For local residents, upgraded roads will directly translate to a higher quality of life, shortening commute times and improving access to essential services. For the broader regional economy, the projects are projected to draw in new domestic and foreign private investment, create thousands of new local jobs, and help position the Samaná region and the broader Dominican Northeast as a top-tier competitive international tourism destination.

    Wrapping up his advocacy, Cabrera has issued a formal call for national government authorities to formally incorporate all of these proposed projects into the country’s official national infrastructure planning framework, underscoring that the investments are essential to advancing long-term inclusive and sustainable economic growth across the Dominican Republic.

  • The top 5 European tourist origins to the Dominican Republic: Spain continues to lead

    The top 5 European tourist origins to the Dominican Republic: Spain continues to lead

    The Dominican Republic’s civil aviation regulator has released full-year 2025 data on transatlantic air travel, showing slow but consistent expansion in passenger volumes between the Caribbean nation and European markets. Total European-origin and -bound air passengers reached 2,172,458 last year, marking a 2% uptick from the 2024 total of 2,126,954, representing an increase of 45,504 passengers year-over-year. The Civil Aviation Board (JAC) characterized the overall trajectory as “slow but sustained growth”, a trend that aligns with broader post-pandemic recovery patterns in Caribbean tourism. Spain retained its position as the Dominican Republic’s largest European air travel market, closing 2025 with 912,177 total passengers, a solid 7% increase compared to 2024 figures. This leading market position is backed by strong airline connectivity: four of the 10 carriers with the most frequent service between the two countries are Spanish-based, including major players Air Europa, Iberia, Iberojet, and leisure-focused World2Fly. The United Kingdom claimed the second spot in the European market rankings, recording 354,892 total passengers in 2025, a 4% annual increase. JAC analysts highlighted this uptick as evidence of stable, consistent travel demand between the Dominican Republic and the UK, with air connectivity holding steady throughout the year. Germany remained the third-largest market for the Dominican Republic’s European air routes, even as the country recorded a 9% year-over-year drop in passenger volumes, falling from 302,186 in 2024 to 276,208 in 2025. France also faced a mild decline, with passenger numbers falling 6% from 153,414 in 2024 to 144,043 last year. Rounding out the top five European markets was Portugal, which posted a 7% year-over-year growth in passenger volumes, climbing from 80,274 travelers in 2024 to 86,038 in 2025 to secure the fifth position. While a handful of key markets saw minor contractions, the overall 2% growth across all European routes confirms the Dominican Republic’s gradual, steady recovery of its transatlantic travel sector.

  • Call off Corentyne River bridge talks unless Suriname scraps tariff for Guyanese cargo vessels – private sector

    Call off Corentyne River bridge talks unless Suriname scraps tariff for Guyanese cargo vessels – private sector

    Tensions between Guyana and neighboring Suriname over cross-border trade on the Corentyne River have reached a new boiling point, with Guyana’s leading business organizations now calling for a full suspension of planned discussions to build a cross-border bridge linking the two nations, until long-simmering trade disputes are fully resolved. What began as a public complaint from Guyanese President Irfaan Ali over Suriname’s new fees for Guyanese cargo vessels navigating the shared river has expanded into a broad pushback from the private sector, which has linked the levies to deeper trade grievances and a long-standing border territorial dispute.

    Following Ali’s initial public critique of Suriname’s policy earlier this month, the Guyanese central government has declined to comment publicly on the negotiations, with senior foreign ministry officials only confirming that back-channel discussions between the two administrations are ongoing, shrouded in complete secrecy. For its part, Suriname has pushed back against Guyanese criticism, arguing that the fee structure is rooted in long-standing domestic regulations, not a new policy, and notes that Guyana may formally request exemptions for its vessels through standard diplomatic channels.

    The Georgetown Chamber of Commerce and Industry (GCCI), a leading private sector body with close ties to Guyana’s ruling People’s Progressive Party Civic administration, first tabled the call to pause bridge talks in an official public statement. The organization argues that no progress on the cross-border infrastructure project can move forward until Suriname reverses the vessel fees and addresses a list of other persistent trade issues, most notably the widespread dumping of counterfeit, illicit, and substandard goods from Suriname into Guyana’s domestic market.

    This call comes amid already stalled momentum for the bridge project, which has languished since the National Democratic Party (NDP), led by Dr Jennifer Geerlings-Simons, won Suriname’s general election less than a year ago. Severe budget constraints and strict fiscal oversight from the International Monetary Fund have left the new Suriname administration unable to secure funding for its share of the east-west connectivity project, a pledge the previous Santokhi-led government had made ahead of last year’s election if it retained power.

    One week after President Ali emphasized that any cross-border cooperation must be rooted in reciprocal benefit, the GCCI echoed that sentiment, arguing that Guyana should not extend goodwill to a neighboring partner that does not extend the same treatment in return. “The GCCI calls on the Government of Guyana to halt discussions on the development of the Corentyne River Bridge linking Guyana and Suriname unless these issues are permanently resolved,” the chamber’s statement read. The organization added that Guyana should only direct public resources toward cross-border projects that deliver mutual, balanced benefits, “and ought not include partners who frustrate and obstruct our people’s advancement.”

    Ali has already left the door open to retaliatory action if Suriname does not reverse the fees, which apply to vessels carrying Guyanese quarry products and timber along the Corentyne. “For me, reciprocity is very important and let’s see how this goes in another few days and, you know, as a country we will have to make the necessary adjustments to ensure that we are not placed at a disadvantage with the other businesses from Suriname,” he said last week.

    Other Guyana business bodies have echoed the GCCI’s frustration, warning that the fees will have severe cascading impacts on border communities and local economic competitiveness. The Upper Chamber of Commerce and Industry (UCCI) noted that remote river communities including Orealla and Siparuta will “feel the full brunt” of Suriname’s policy, as the additional costs are passed directly to consumers, eroding the competitiveness of local businesses in regional markets. “This certainly will have a deleterious effect on the local economy with catastrophic repercussions,” the UCCI warned.

    The UCCI detailed the steep cost burden placed on Guyanese operators: vessels are charged up to $2,500 USD per trip for pilot license fees, on top of broker fees ranging from $1,000 to $1,500 USD. The chamber described these charges as “exorbitant, extortionate, and unaffordable, far beyond the ability of the river users to pay.” To eliminate total reliance on Suriname’s control of the river, the UCCI is calling on the Guyanese government to fast-track construction of an overland road connecting Crabwood Creek to Orealla. “This unfortunate development has once again reignited the call and determination to expedite the completion of the road linking Crabwood Creek and Orealla. This would obviate the need to become totally dependent on Surinamese discretion and approval. The road will be ours to use,” the statement said.

    The Guyana Manufacturing and Services Association (GMSA) added that the fees threaten to raise operating costs across a wide range of sectors tied to the Corentyne River, including trade, transport, timber, and quarrying. Beyond individual businesses, the association warned that the unilateral fees will damage broader cross-border supply chains, hurt investment confidence between the two nations, and harm livelihoods in border communities.

    In one of the most serious allegations to emerge from the dispute, the GCCI argued that the new river levies are not an isolated policy, but part of a broader campaign to advance Suriname’s long-standing colonial-era territorial claim to the 6,000-square-mile New River Triangle in southeastern Guyana. “The pursuit of Suriname of this illegal claim seems to be one of the key motivations for the creation of impediments to the rapid pace of development being undertaken in Guyana, including in Berbice, and aimed at preventing this country from reaching its peak potential,” the GCCI said.

    The chamber added that the current dispute has brought decades of unaddressed unfair trade practices to a head. For years, Guyanese business owners and fishing crews have faced systemic barriers from Surinamese authorities, the organization said. In addition, Guyana’s adherence to the free movement rules of the Caricom Single Market and Economy (CSME) has left the country vulnerable to a flood of illicit and counterfeit goods from Suriname, ranging from counterfeit cigarettes to banned pesticides and toxic mosquito coils that pose severe public health risks to Guyanese consumers. Beyond the health threat, the influx of these unregulated products has created unfair competition for legitimate domestic manufacturers in Guyana, the GCCI added.

    The Berbice Chamber of Commerce and Development Association (BCCDA), which represents the border region most impacted by the dispute, has put forward a three-pronged strategy for the Guyanese government to resolve the standoff: pursue a diplomatic resolution with Suriname, issue clear guidance and formal protection for Guyanese operators working on the river, and deploy permanent Guyanese official presence in the upper Corentyne region to monitor conditions and assist affected citizens.

    “These unilateral fees represent a significant escalation that our small business owners and residents cannot absorb. We are witnessing a situation where Guyanese are being penalized for utilizing shared water-space that has always been used freely for legitimate trade and travel. This action directly impedes the ease of doing business and disrupts the longstanding relations between our border communities,” BCCDA President Samantha Reid said in the organization’s statement.

    While pushing for urgent action to reverse the fees, the GMSA reaffirmed its commitment to closer cross-border economic integration between the two nations, calling on Suriname’s authorities to reverse the policy to preserve regional goodwill and long-standing cooperation. “The GMSA says Guyana and Suriname must continue to pursue closer economic collaboration, not policies that restrict movement and make cross-border trade more costly and uncertain,” the association said, urging Suriname to roll back the levies in the interest of shared regional development.

  • interCaribbean Airways, Air Canada launch interline agreement

    interCaribbean Airways, Air Canada launch interline agreement

    In a strategic move that will reshape travel connectivity between the Caribbean and North America, interCaribbean Airways unveiled a new interline partnership with Canada’s flag carrier Air Canada this Friday. The collaboration centers on streamlining travel through two key Caribbean hub points: Barbados and Antigua, forging stronger transportation ties between the two regions.

    What this agreement delivers is a marked expansion of travel choices for passengers moving between the Caribbean basin and Air Canada’s far-reaching global and North American route network. For travelers heading to or from the Caribbean, the new arrangement allows them to book an entire connecting journey on a single ticket, granting seamless access both to interCaribbean Airways’ comprehensive route coverage across the Caribbean islands and Air Canada’s services connecting through major Canadian hubs including Toronto and Montreal to hundreds of destinations worldwide. Ticket reservations for these combined routes opened immediately when the agreement was announced, while one of the most passenger-friendly amenities — through baggage check-in for the entire journey — is scheduled to roll out to customers within the coming weeks.

    Beyond improving travel convenience for leisure and business visitors, the partnership directly answers the longstanding needs of Canada’s large, vibrant Caribbean diaspora, which is heavily concentrated in the Toronto and Montreal metropolitan areas. By offering more flexible and streamlined routing options, the agreement makes it easier for community members to travel between their Canadian homes and family connections across the Caribbean. At the same time, it opens up simpler access for Canadian leisure travelers seeking to explore the dozens of island destinations that make up the Caribbean, one of the world’s top vacation hotspots for North American travelers. Both airlines have emphasized that the new interline agreement embodies their shared commitment to expanding customer-centric connectivity and maintaining high standards of service for all passengers traveling between the Caribbean and Canada.

  • Government invests over RD$2 billion in Samaná tourism infrastructure

    Government invests over RD$2 billion in Samaná tourism infrastructure

    SANTO DOMINGO – The Dominican Republic is advancing an ambitious push to elevate one of its key coastal tourism hubs, with a multi-million dollar infrastructure overhaul and a refreshed destination branding strategy aimed at attracting more international visitors. Dominican Tourism Minister David Collado has formally unveiled a total investment package worth 2.047 billion Dominican pesos (RD$) dedicated to upgrading public and tourism-focused infrastructure across the Samaná province.

    The scope of the transformation project covers a wide range of critical upgrades, from full paving of existing roadways and modernized drainage infrastructure to complete reconstruction of urban streets and enhancements to shared public spaces and core tourism facilities. A key component of the work is focused on preparing the Arroyo Barril cruise terminal for its official inauguration and the steady flow of cruise ship passengers that will follow. For this segment of the project, an additional 185 million RD$ has been allocated to resurface 29 streets stretching more than six kilometers in the immediate surrounding area of the terminal.

    Alongside the infrastructure investments, the national tourism administration is rolling out a new dedicated tourism brand for Samaná, presented by Vice Minister Tammy Reynoso. The brand was developed through a collaborative process that incorporated expertise from global tourism consultants and input from key local industry stakeholders, including the Samaná Hotel and Tourism Association (AHETSA). Officials say the rebranding initiative is designed to reposition Samaná as a premium, world-class travel destination on the global tourism map, boosting visitor arrivals, extending average tourist stays, and driving long-term economic growth for the province and the wider Dominican tourism sector.