Carib Scope

分类： business

  • Jamaican-owned GroceryList says it turned a profit last year with US$2.7m in revenues

    Jamaican-owned GroceryList says it turned a profit last year with US$2.7m in revenues

    South Florida-based digital platform GroceryList, founded by Jamaican entrepreneurs, has announced a significant financial milestone, surpassing $2.7 million in revenue last year while achieving profitability. The innovative platform has transformed how overseas immigrants support families back home by enabling direct purchase of essential goods from trusted local Jamaican merchants with same-day delivery.

    Operating from Pompano Beach, the company has developed what appears superficially as a grocery delivery application but functions as a comprehensive logistics and payments infrastructure specifically designed for markets characterized by fragmented retail systems, addressing challenges, inventory visibility issues, and last-mile coordination complexities.

    Jermain Morgan, COO and Co-Founder, explained the company’s unique approach: ‘Our primary objective wasn’t merely creating another delivery application. We constructed the fundamental framework that converts diaspora support into tangible household goods within hours. While cross-border care remains predictable, the necessary infrastructure to efficiently facilitate it was previously nonexistent.’

    The platform currently connects diaspora communities across the United States, Canada, and the United Kingdom with over 1,200 local merchants throughout Jamaica. The service has expanded significantly beyond its initial grocery focus to include hardware supplies, farm store products, pharmaceutical items, cooking gas, bill payment services, wholesale goods, restaurant meals, and pet supplies.

    GroceryList addresses a critical gap in Caribbean remittance economies, where billions flow annually into the region but traditionally convert inefficiently into essential goods through offline channels. The platform revolutionizes this process by enabling families abroad to select specific items their loved ones require rather than sending cash and hoping for appropriate utilization, with real-time delivery confirmation providing peace of mind.

    CEO and Co-Founder Rory Richards emphasized the transformative nature of their service: ‘Diaspora families seek immediate problem-solving capabilities rather than simply transferring funds. When parents require groceries, gas, medication, or hardware supplies urgently, our platform ensures same-day fulfillment—a fundamentally different value proposition compared to traditional wire transfers.’

    The company’s success stems from addressing challenges that typically hinder large e-commerce players in island markets, including inconsistent addressing systems, informal retail networks, and logistical gaps. GroceryList developed proprietary solutions including merchant onboarding protocols, wallet payment flows, shopper networks, and last-mile coordination systems.

    This sophisticated infrastructure has attracted business-to-business adoption, with hotels, supermarkets, and wholesalers now utilizing GroceryList’s network for sourcing produce and goods. Notable regional partners include PriceSmart, ProgressiveGrocers, and Lillian LTD, alongside hundreds of independent merchants.

    Having achieved profitability, GroceryList is now expanding into additional Caribbean markets while deepening its role as a comprehensive diaspora commerce platform that consolidates groceries, pharmacy products, hardware, bill payments, gas, wholesale items, restaurants, and pet supplies into a single, efficient ecosystem.

  • Belize’s Consumer Confidence Slips in February

    Belize’s Consumer Confidence Slips in February

    The Statistical Institute of Belize has reported a subtle yet notable decline in national economic optimism during February 2026. The Consumer Confidence Index (CCI) registered a 1% decrease, falling from 48.3 in January to 47.8, maintaining its position below the critical 50-point threshold that separates optimistic from pessimistic economic sentiment.

    Interestingly, this downturn occurred despite marginally improved twelve-month economic expectations among Belizean consumers. The primary driver behind the overall decline emerged from shifting attitudes toward major purchases. Consumer willingness to invest in high-value items including real estate, vehicles, and household appliances experienced a significant contraction, indicating heightened financial caution among households.

    Regional analysis revealed divergent patterns across districts. Toledo documented the most pronounced confidence reduction, predominantly influenced by deteriorating perspectives on major expenditures. Conversely, Stann Creek emerged as the most improved region, with residents demonstrating substantially reduced pessimism compared to previous assessments. Urban centers witnessed slight confidence growth while rural communities reported declining sentiment.

    Demographic variations further characterized the February results. Male respondents reported diminished confidence levels while female participants recorded slight improvements. The most optimistic demographic cohort consisted of adults aged 25-34, who transitioned into optimistic territory during the assessment period. Conversely, individuals aged 35-44 experienced the most substantial confidence decline across all measured groups.

    The CCI methodology incorporates three core components: current economic condition evaluations, twelve-month economic projections, and perceived favorability for substantial purchases including properties, vehicles, and durable household goods.

  • DAIC AGM expected to shape private‑sector positioning ahead of major national developments

    DAIC AGM expected to shape private‑sector positioning ahead of major national developments

    The Dominica Association of Industry and Commerce (DAIC) is gearing up for its pivotal 2026 Annual General Meeting, strategically designed to equip the private sector with insights into emerging national development prospects. Scheduled for Thursday, April 9th at the Saint Alphonsus Parish Hall with a 1:00 p.m. start, this gathering holds particular significance due to its focus on capitalizing on opportunities linked to Dominica’s transformative international airport construction.

    A highlight of the Open Session will feature Samuel Johnson, Chief Executive Officer of the International Airport Development Company (IADC), delivering a comprehensive keynote address. His 45-minute presentation will detail specific business opportunities arising from this landmark infrastructure project, followed by an interactive Q&A segment designed to provide practical insights for attendees.

    The event is expected to attract prominent business leaders, policy makers, and diverse stakeholders seeking to understand how the private sector can actively participate in and benefit from Dominica’s expanding development landscape. Organizers anticipate the discussions will foster enhanced collaboration and strategic alignment across various industry sectors.

    Following the public session, DAIC members will convene a closed meeting to address internal statutory matters pertaining to the association’s governance and operations.

    Established fifty years ago, the DAIC represents a wide spectrum of industries and maintains its offices at Unit L3 1&2, Prevost Cinemall in Roseau. As a member of the Caribbean Chambers of Commerce (CARICHAM), the organization reaffirms its commitment to serving as the primary advocate for the private sector and a crucial partner in national development initiatives. The association expresses strong optimism regarding participation from its membership and the broader business community.

  • WTO-chef: wereldorde is onherroepelijk veranderd

    WTO-chef: wereldorde is onherroepelijk veranderd

    WTO Director-General Ngozi Okonjo-Iweala delivered a stark assessment of the global trading landscape during Thursday’s opening of the 14th Ministerial Conference in Yaoundé, Cameroon, declaring that the multilateral system has been fundamentally and irreversibly transformed.

    Addressing delegates at the Palais des Congrès, Okonjo-Iweala stated: ‘The world order and multilateral system as we knew it has irrevocably changed. We will not get it back… We must look to the future.’ Her remarks came as trade representatives from 166 member nations gathered amid mounting challenges to global commerce.

    While acknowledging that 72% of world trade still operates under WTO rules and highlighting positive developments in AI-related trade growth, the director-general outlined significant uncertainties plaguing the trading system. She specifically cited Middle East conflicts and the widespread impact of U.S. tariff policies as major disruptive factors.

    The organization faces multiple structural challenges, including the continued paralysis of its dispute settlement body and critical transparency failures in subsidy reporting. Only 64 members had submitted timely subsidy notifications for 2025, leaving 102 nations non-compliant with reporting requirements.

    ‘Lack of transparency leads to lack of trust, and that fuels suspicions of unfairness and anti-competitive behavior,’ Okonjo-Iweala warned delegates. This dynamic creates a ‘vicious circle’ of distrust that prevents members from agreeing on new rules and essential reforms, she added.

    Geopolitical tensions are exacerbating trade pressures, with Middle Eastern conflicts disrupting vital shipping routes and energy supplies. Meanwhile, ongoing trade conflicts—including high import tariffs implemented by the United States and other nations—continue generating uncertainty and disrupting global supply chains that haven’t fully recovered from recent crises.

  • Antigua Welcomes 6 Ships and More Than 10,000 Cruise Passengers in Busy Port Day

    Antigua Welcomes 6 Ships and More Than 10,000 Cruise Passengers in Busy Port Day

    The twin-island nation of Antigua and Barbuda experienced a significant economic uplift as a fleet of cruise vessels simultaneously docked at multiple ports, delivering an unprecedented surge of over 10,000 passengers and crew members to its shores in a single day. This maritime convergence created a vibrant atmosphere across the islands, with local enterprises and tourism-focused businesses reporting substantially increased commercial activity.

    According to official data released by Antigua Cruise Port, the primary harbor in St. John’s accommodated four large cruise ships at full capacity. Meanwhile, the island’s broader port infrastructure successfully managed a total of six vessel calls throughout the day. Adding to this maritime spectacle, two luxury cruise liners were stationed at Falmouth Harbour, catering to premium travelers and further amplifying the day’s visitor statistics.

    Tourism authorities emphasized that this continuous stream of maritime arrivals has become a crucial economic driver for the nation. The sustained cruise traffic pattern underscores the sector’s vital role within Antigua and Barbuda’s tourism-dependent economic framework, providing consistent revenue streams for local merchants, tour operators, and hospitality services. Industry analysts note that such substantial simultaneous arrivals demonstrate both the islands’ growing popularity as a Caribbean destination and their enhanced port capabilities to manage complex logistical operations.

  • Tancoo: No increase in fuel costs

    Tancoo: No increase in fuel costs

    Amid escalating Middle East tensions that have driven global oil prices upward, Trinidad and Tobago’s Finance Minister Davendranath Tancoo has unequivocally stated the government will not adjust domestic fuel prices. The minister addressed concerns during his appearance at the Trinidad and Tobago Manufacturers Association’s Leadership Discussion and Networking Event in Port of Spain.

    The recent surge in oil prices, triggered by intensified conflicts between a US/Israel coalition and Iran, has created widespread apprehension about potential disruptions to energy supply chains. Minister Tancoo acknowledged these developments while emphasizing Trinidad and Tobago’s limited influence over geopolitical events in the region.

    “We cannot interfere with the situation in the Middle East. We have no real role as a country there,” Tancoo stated. “However, I know that the price of fuel and other energy products has increased.”

    The minister characterized the situation as a “mixed blessing” for the nation, explaining that while Trinidad and Tobago produces some oil, it simultaneously imports significant portions of its fuel requirements. This dual energy dynamic creates complex economic pressures as global prices fluctuate.

    “Therefore, the cost to the Government has gone up. Shipping costs have also gone up,” Tancoo elaborated. “We produce some oil and, therefore, as a result, we would have increased the take from the higher prices that have resulted.”

    Tancoo described the government’s approach as “a bit of a balancing act” between increased revenue from oil exports and heightened import costs for refined fuels. While acknowledging some revenue improvement, he cautioned against excessive optimism due to corresponding cost increases.

    The minister’s assurances come as Energy Minister Dr. Roodal Moonilal previously highlighted potential benefits from rising global liquefied natural gas (LNG) prices. Moonilal noted Trinidad and Tobago’s position as a net LNG exporter provides relative resilience compared to import-dependent economies during periods of global supply uncertainty.

    Government officials indicate a mid-term budget review is imminent, which will further address these energy economic dynamics.

  • Hadeed puts Govt under fire over taxes, VAT refunds

    Hadeed puts Govt under fire over taxes, VAT refunds

    A dramatic confrontation unfolded at the Trinidad and Tobago Manufacturers Association’s Leadership Discussion when prominent business executive Dominic Hadeed delivered a scathing critique of government taxation policies. The Blue Waters owner sparked enthusiastic applause from attendees by asserting that the government claims 30% of business earnings “without doing or investing anything.”

    Addressing ministers of Finance, Planning, Economic Affairs, and Trade directly, Hadeed presented a detailed case against current fiscal approaches. He highlighted how recent 100% excise tax increases on tobacco products had backfired economically, resulting in halved sales and consequently reduced government revenue rather than increased income. Hadeed attributed this paradox to increased smuggling activity through the country’s porous borders, estimating that $1.2 billion in annual cigarette sales could be concealed in just two weekly shipping containers.

    The business leader proposed collaborative reform, urging ministers to consult with private sector representatives to develop mutually beneficial solutions. “Sit with us, we are willing to work with you all,” Hadeed offered, suggesting that cooperative approaches would ultimately generate more revenue than aggressive taxation.

    Government ministers responded with mixed receptions. Planning Minister Kennedy Swaratsingh acknowledged the observations as “fair” but defended government expenditures by referencing substantial social responsibilities including infrastructure development, education, and national security investments totaling billions over recent years.

    Finance Minister Davendranath Tancoo countered Hadeed’s characterization of government non-involvement, citing public goods like road maintenance, utility infrastructure, and emergency services as essential government-provided services requiring funding. While acknowledging ongoing work with private sector representatives, Tancoo emphasized that governing requires balancing multiple perspectives beyond business interests alone.

    The exchange highlighted the persistent tension between Trinidad’s private sector and government regarding optimal economic policy and revenue generation strategies.

  • First Phase of VC Bird Runway Rehabilitation Completed

    First Phase of VC Bird Runway Rehabilitation Completed

    Antigua and Barbuda’s primary aviation facility, VC Bird International Airport, has achieved a significant milestone in its comprehensive infrastructure upgrade program. The initial phase of the runway rehabilitation project has been successfully completed, marking substantial progress in the enhancement of the nation’s critical transportation hub.

    International construction and infrastructure leader Aecon Group Inc. is executing this strategic redevelopment initiative, which aims to significantly improve runway operational performance, elevate safety standards, and extend the long-term durability of essential airport infrastructure. The completion of the first phase sets the stage for the project to advance to subsequent stages in the coming months.

    Adding a innovative dimension to the project documentation, local creative enterprise Spencer Branding Studio has been commissioned to capture the transformation through advanced aerial drone cinematography, professional photography, and comprehensive video production. Their work entails regular aerial surveillance and on-site visual documentation, creating a detailed visual timeline of the rehabilitation’s progression.

    This extensive visual archive will serve multiple purposes: facilitating precise project reporting, enhancing stakeholder communication, and creating a permanent historical record of the airport’s infrastructure transformation. As the main aviation gateway for Antigua and Barbuda, VC Bird International Airport plays a pivotal role in supporting the nation’s tourism-driven economy and maintaining crucial regional connectivity throughout the Caribbean.

  • PAS Cargo launches new logistics, off-site commercial GRA customs facilities

    PAS Cargo launches new logistics, off-site commercial GRA customs facilities

    In a significant development for Guyana’s trade infrastructure, Florida-based PAS Cargo USA has inaugurated groundbreaking logistics and customs facilities at its East Bank Demerara location, promising to transform the nation’s cargo clearance processes. Sector leaders unanimously hailed the March 25, 2026 opening as a solution to longstanding congestion issues that have plagued Guyana’s supply chain operations.

    Colin Moore, President of the Guyana Customs House Brokers and Clerks Association, characterized the new facility as addressing “one of the biggest nightmares” in cargo clearance. “Especially in Guyana, we have a system here where there is a lot of congestion and this because we’re a small country, we are now developing,” Moore stated during the official launch at Georgetown Marriott Hotel. He emphasized that brokers typically achieve satisfaction when processing cargo within 30 minutes—a benchmark PAS Cargo has consistently met.

    The facility represents Guyana’s first approved offsite commercial customs facility by the Guyana Revenue Authority (GRA), featuring state-of-the-art racking systems that enable rapid cargo location and retrieval, contrasting sharply with previous one-week waiting periods. Moore particularly praised the adequate accommodations provided for customs officers, addressing a critical operational concern.

    Komal Singh, Chairman of the Shipping Association of Guyana (SAG), highlighted the facility’s role in addressing storage space shortages on wharves while preparing the nation for future manufacturing expansion. “We cannot wait until the time when we have excess and massive amounts of exports in place and start working then to increase our efficiency,” Singh cautioned, emphasizing the need for proactive infrastructure development to meet international standards.

    Shridat Naraine, Vice President of PAS Cargo USA, described the “first-of-a-kind” secure off-port bond facility as offering spacious vehicle maneuverability and comprehensive parking solutions. The facility addresses environmental concerns and operational inefficiencies previously experienced at Demerara River port locations, positioning the company to serve industrial, commercial, and oil gas sectors with enhanced capability. “This is a statement that Guyana deserves world-class infrastructure; a statement that local talent, innovation and vision can compete at the highest level,” Naraine asserted.

    The technological integration allows customers to seamlessly navigate documentation, customs clearance, and cargo collection within a single location, significantly streamlining supply chain operations.

    Thandi McAllister, Parliamentary Secretary in the Ministry of Public Utilities and Aviation and Guyana’s representative to the International Maritime Organisation, framed the development within broader international trade conventions. She noted that states are bound by international agreements to simplify administrative formalities in international trade, describing the facility as exemplifying “powerful synergies” between public policy and private sector innovation. McAllister hailed the project as a “landmark achievement” in national trade development that would generate increased job opportunities while addressing inconsistent and excessive port clearance processes that have historically frustrated users and hindered efficiency.

  • $2.50 Diesel Price Leap Hits Every Corner of Belize

    $2.50 Diesel Price Leap Hits Every Corner of Belize

    Belize’s economy faces immediate strain following an unprecedented overnight surge in diesel fuel prices, which escalated by $2.50 per gallon. This dramatic increase compounds earlier spikes in regular and premium gasoline recorded just last week, sending shockwaves across the nation’s transportation and agricultural sectors.

    The maritime industry has responded swiftly to the economic pressure. Water taxi operators have formally petitioned the Belize Port Authority for authorization to implement emergency fuel surcharges. Caribbean Sprinter has already adjusted its pricing structure, adding a two-dollar premium to in-person ticket purchases while maintaining lower rates through its Sail Sprinter application—a strategic move implemented ahead of the anticipated Easter travel period.

    Kaylon Young, Ports Commissioner of the Belize Port Authority, emphasized the severity of the situation: “The water taxi operators we regulate are experiencing significant impacts. They’ve approached us to explore possible measures to mitigate these rising operational costs.” Young acknowledged the necessity of fuel for island transportation while suggesting any fare adjustments should remain temporary.

    Land transportation faces similar challenges. Transport Minister Dr. Louis Zabaneh confirmed the National Bus Company would initially absorb the increased diesel costs to maintain stable fares for commuters. This decision leverages the company’s economies of scale in bulk purchasing. However, fourteen independent bus operators who declined to join the national system now face mounting financial pressures without institutional support.

    The agricultural sector, particularly sugar production—Belize’s primary agricultural revenue generator—confronts severe operational challenges. Alfredo Ortega, Chairman of the Belize Sugar Cane Farmers Association, described the situation as “very tough” for farmers already struggling with harvesting costs. “This increase creates a greater burden,” Ortega stated. “We initially thought it was a joke because we’ve never witnessed a single increase of two dollars and fifty cents per gallon in many years.”

    Ortega has appealed for government intervention to provide financial relief to farmers. The price surge has been attributed to ongoing geopolitical tensions in the Persian Gulf, with officials expressing hope that resolving international conflicts would stabilize global fuel markets. Meanwhile, consumers, transporters, and producers alike await respite from the escalating economic pressure.