At a strategic industry workshop held Thursday on the Mona campus of Jamaica’s The University of the West Indies, St. Andrew, Tourism Minister Edmund Bartlett has called for a fundamental reimagining of Jamaica’s tourism sector, urging stakeholders to move beyond outdated metrics of visitor arrivals and hotel occupancy and reposition the industry as an inclusive engine of national growth.\n\nOpening the workshop, titled ‘The Event Playbook: Strategies for Event Tourism Success’, Bartlett reflected on decades of narrow public perception surrounding Jamaican tourism. For generations, he explained, the sector was widely viewed as an exclusive space, reserved only for large hotel chains, big corporate players, and disconnected from the daily lives and economic prospects of ordinary Jamaicans. This exclusion, he noted, stretched across small business owners, local community groups, creative practitioners, small-scale farmers, local artisans, and young Jamaicans seeking economic opportunity.\n\nBut that outdated narrative is rapidly changing, Bartlett emphasized, pointing to tangible shifts that have opened new doors for broad-based participation in tourism’s growth. He credited this transformation to intentional government policy reforms, deliberate efforts to build stronger connections between tourism and other domestic sectors, and a steady expansion of the country’s tourism product portfolio. Beyond traditional beach and resort offerings, Jamaica now nurtures fast-growing segments including community-led cultural tourism, local gastronomy tourism, sports and event tourism, health and wellness tourism, and tourism anchored in the island’s creative economy.\n\nUsing the workshop as a platform to reinforce his bold strategic agenda, Bartlett reaffirmed his vision for the transformative Tourism 3.0 initiative, a framework built from the ground up to expand the overall tourism economy by centering broad participation across all segments of Jamaican society.\n\n“Tourism 3.0 marks a fundamental paradigm shift,” Bartlett said. “It tells us that we can no longer reduce tourism to just counting arrivals, filling hotel rooms, and managing attractions. Instead, we must frame tourism as a cross-cutting national development platform. It must create space for Jamaicans to participate not just as employees, but as business owners, local suppliers, content creators, innovators, independent service providers, and entrepreneurs.”\n\nWhen Bartlett first unveiled the Tourism 3.0 concept, he framed it as a total reset for Jamaica’s tourism industry, built on a completely new operational framework. Today, he reaffirmed that the shift is designed to modernize the sector’s operating model, making it more efficient, far more inclusive, and accessible to a much wider range of investors and local stakeholders — with a specific focus on small operators and creative entrepreneurs, who have long been sidelined from the sector’s historic growth.\n\nA core element of the new framework is a strategic geographic differentiation of tourism experiences across the island, ensuring every region can leverage its unique strengths to drive local economic growth. Bartlett outlined that the island’s south coast will be developed as a global hub for accessible tourism, delivering one-of-a-kind experiences that cater to under-served visitor segments. The well-established north coast will retain its role as Jamaica’s anchor for high-end wealth and luxury tourism, a position complemented by the unique offerings of the north-eastern corridor.\n\nLooking ahead, a major new priority for the Tourism 3.0 agenda is the development of urban city tourism, with the capital city Kingston positioned to take on a new leading role in the country’s tourism ecosystem. “City tourism is a big priority for us moving forward,” Bartlett said. “And that means Kingston is ready to claim its rightful place in Jamaica’s tourism story.”
分类: business
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The dollar closes May with key movements: here’s how it impacts your wallet
The Central Bank of the Dominican Republic has published its official weighted-average exchange rates for the United States dollar, effective through June 1 following the close of business on May 29, 2026. Per the central bank’s official announcement, the reference buying rate for US dollars stands at 57.83 Dominican pesos (RD$) per dollar, while the official selling rate is set at RD$58.70.
This benchmark rate is calculated as a weighted average of all spot market transactions conducted across the Dominican foreign exchange market, covering cash trades, interbank transfers, and check-based transactions. Notably, the calculation excludes activity related to financial derivatives, which the central bank does not count toward core spot market exchange rate benchmarks.
The established rates follow a long-standing regulatory framework set by a 2003 Monetary Board resolution, which mandates that the official spot market purchase rate be used for the daily revaluation of foreign currency-denominated assets and liabilities across the country’s financial system. Under this rule, all commercial companies and financial institutions are required to adjust their balance sheets to align with this daily reference rate, a mechanism designed to support overall transparency and stability in the Dominican economic system.
Movements in the dollar-peso exchange rate carry direct, widespread impacts for multiple segments of the Dominican economy. For importers and domestic consumers, a higher dollar valuation directly pushes up the cost of cross-border purchases, ranging from staple food goods to imported consumer technology and fuel, which in turn shapes household monthly budget planning.
However, the exchange rate shift creates uneven outcomes for different groups of Dominican citizens. For households that receive remittances from family members working abroad, a stronger dollar delivers a tangible financial benefit: each US dollar sent from overseas converts to a larger amount of Dominican pesos, increasing the purchasing power of remittance receipts for local consumption.
As the month of May 2026 draws to a close, the performance of the dollar against the Dominican peso continues to act as a key barometer for both national and global economic conditions. Its fluctuations directly shape the daily financial decisions of Dominican citizens, from personal consumption plans to long-term investment choices, making close monitoring of exchange rate evolution a critical step to prepare for potential economic challenges in the second half of 2026.
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Regional music rights organization to hold 15th Annual General Meeting in June
The Eastern Caribbean Collective Organisation for Music Rights (ECCO) Inc., a regional collective management group that represents music creators and rights holders across the subregion, has formally announced plans to host its 15th Annual General Meeting (AGM) in St. Lucia next month. In a public press release issued by the organization, officials confirmed that the in-person gathering will be complemented by a virtual participation option for members who cannot travel to the host venue, allowing remote attendance via the Zoom video conferencing platform.
Founded to bring together music writers and publishers from across the Eastern Caribbean, ECCO’s core mandate is to manage global music copyright licensing for public and commercial use across all broadcast and digital platforms. The organization collects royalties on behalf of its member creators and rightsholders, ensuring that creators are compensated fairly when their work is performed or reproduced publicly.
While a range of operational and strategic governance matters will be addressed during the one-day AGM, the most high-stakes item on the meeting’s agenda is a set of leadership elections to fill vacant board director positions across multiple regional territories and membership classifications. The open seats span all corners of the Eastern Caribbean: one Writer/Director position each will be contested for Dominica, Grenada, St. Kitts and Nevis, and St. Vincent and the Grenadines. Additionally, five Writer Director seats and two Publisher Director seats representing host territory St. Lucia will be up for election.
ECCO has outlined clear deadlines and requirements for members seeking to stand for the open director positions. All completed nomination forms must be submitted to the organization’s headquarters located at Maurice Mason Avenue, Sans Souci, Castries, Saint Lucia no later than 10:00 a.m. local time on Wednesday, June 17, 2026. Submissions may be delivered either in person to the office or sent electronically to the dedicated email address [email protected] Per ECCO’s rules, every nomination form must carry the signatures of both the nominating member (a writer or publisher matching the nominee’s classification) and the nominee themselves, as formal confirmation that the candidate agrees to serve on the board if elected.
For members who plan to miss the AGM entirely, whether in person or virtually, the organization has also set rules for proxy voting. To allow an authorized representative to vote and conduct business on their behalf during the meeting, completed proxy forms must be submitted to the ECCO office — either physically or via email — by 10:00 a.m. local time on Thursday, June 18, 2026, one day after the nomination deadline.
The AGM is officially scheduled to kick off at 10:00 a.m. local time on Saturday, June 20, 2026, at the Burke King Conference Room in Castries’ Sans Souci district. Meeting organizers confirmed that registered virtual attendees will receive their unique Zoom access link after completing their registration for the event.







