Carib Scope

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  • PKF St. Kitts and Nevis – Accountants and Business Advisers Launches as Leading Accounting and Business Advisory Firm

    PKF St. Kitts and Nevis – Accountants and Business Advisers Launches as Leading Accounting and Business Advisory Firm

    BASSETERRE, St. Kitts – December 15, 2025 – The professional services landscape in the Federation of St. Kitts and Nevis has been significantly enhanced with the formal inauguration of PKF St. Kitts and Nevis – Accountants and Business Advisers. The prestigious launch ceremony took place on November 15, 2025, at the scenic Spice Mill venue on Cockleshell Beach, attracting prominent business executives, corporate allies, and distinguished guests to celebrate this milestone event.

    Operating since January 1, 2025, the new entity is spearheaded by Managing Partner Petal Parry and Partner Henry Joseph. This establishment strengthens PKF International’s global network, which maintains over 500 offices across 150 countries worldwide, delivering premium audit, taxation, advisory, and outsourced services to clients.

    Ms. Parry brings twenty years of comprehensive expertise spanning accounting, audit compliance, taxation, banking operations, and financial strategy formulation. She holds dual qualifications including a Bachelor’s degree in Economics and Accounting from the University of the West Indies and an MBA in Finance from the University of Edinburgh. Her professional accreditations include Fellow of the Association of Chartered Certified Accountants (FCCA), Certified Internal Auditor (CIA), and Certified Anti-Money Laundering Specialist (CAMS).

    Mr. Joseph contributes unparalleled experience with over five decades in the accounting field, having served PKF in various capacities throughout the Caribbean and international markets. He currently holds the position of Managing Partner at PKF Grenada and is similarly recognized as a Fellow of the Association of Chartered Certified Accountants.

    The PKF brand maintains a historical connection with St. Kitts and Nevis dating to the 1970s, when predecessor firms played instrumental roles in shaping the region’s accounting standards and supporting commercial growth during critical developmental phases. The new practice builds upon this legacy with reinforced dedication to operational excellence, ethical integrity, and innovative service delivery.

    During her inaugural address, Ms. Parry articulated the firm’s vision: ‘We are committed to providing practical, impactful solutions that enable businesses to achieve sustainable growth. Our approach integrates deep local market understanding with globally sourced resources to address contemporary challenges faced by modern enterprises.’

    Mr. Joseph elaborated on the firm’s progressive philosophy: ‘Contemporary auditing transcends traditional error correction—it now encompasses strategic problem identification that directly influences business expansion and profitability enhancement. We develop tailored methodologies that refine operational practices and position clients for success in an evolving global marketplace.’

    The firm operates from Units C21 and C35 at Sands Complex in Basseterre, with communications channels including info@pkfkn.com and telephone (869) 466-3600. Additional information is available at www.pkfcaribbean.com.

  • Olieprijzen dalen scherp; markten vrezen overschot in 2026

    Olieprijzen dalen scherp; markten vrezen overschot in 2026

    International oil markets experienced a significant downturn yesterday, with both Brent crude and West Texas Intermediate (WTI) facing substantial pressure due to mounting concerns about potential supply surpluses and weakening demand from major economies. The decline occurred despite a brief price spike following former U.S. President Donald Trump’s announcement regarding potential military action against Venezuela.

    Brent crude futures fell below $60 per barrel while U.S. WTI oil traded around $55 per barrel, marking the lowest levels seen in several months. This downward trajectory follows emerging signals that global oil supply could outpace demand throughout 2026, creating a fundamentally bearish market environment.

    Market analysts attribute the price collapse to multiple concurrent factors:
    – Decelerating economic growth, particularly in China, which continues to suppress oil demand
    – Rising non-OPEC+ production, especially from United States shale operations
    – Geopolitical developments involving Russia and Ukraine that have heightened fears of additional supply entering markets

    Recent economic indicators from both the United States and Europe further reinforced concerns about weakening industrial activity, subsequently deteriorating sentiment across oil markets.

    Analytical projections suggest continued short-term volatility with a downward bias. Most experts agree that without clear production cuts from OPEC+ and with persistent demand weakness from China, the risk of further price deterioration remains substantial.

    Market participants are preparing for several scenarios in 2026:
    – Brent prices oscillating between $55-$65 per barrel range
    – Ongoing tension between producers seeking market share and those prioritizing price stability
    – Potential market interventions by OPEC+ should prices decline excessively

    For oil-producing nations, the price decline translates to increased revenue uncertainty and potential budget pressures. Conversely, importing nations and consumers may experience relief from reduced fuel and energy costs. These market developments underscore the critical importance of prudent fiscal policies and avoiding overreliance on projected oil revenues, according to energy analysts.

  • Economy : Strategic priorities of the Ministry of Commerce and Industry (video)

    Economy : Strategic priorities of the Ministry of Commerce and Industry (video)

    In a significant development for Haiti’s economic landscape, Commerce and Industry Minister James Monazard unveiled an ambitious portfolio of strategic priorities during the 31st edition of Tuesdays of the Nation on December 16, 2025. The presentation, hosted at the Prime Minister’s Office, detailed comprehensive programs, reforms, and structural projects designed to stimulate national economic growth.

    The ministry’s forward-looking agenda includes the implementation of a digital Professional Identity Card (CIP) application platform, representing a significant step toward modernizing Haiti’s professional documentation system. Minister Monazard provided particularly encouraging updates regarding the HOPE/HELP legislation renewal, indicating that the process is nearing completion with only one final procedural step remaining within the U.S. Congressional framework. The unanimous endorsement by a Congressional Commission signals strong bilateral support, with implementation expected imminently barring unexpected complications.

    Entrepreneurship development features prominently in the ministry’s strategy, with both the Youth Entrepreneurship Support Program (PAPEJ) and Women’s Entrepreneurship Support Project (PAEF) demonstrating measurable progress. Financial backing has already been secured for two of the ministry’s fourteen active initiatives during the initial quarter of the 2025-2026 fiscal year. The PAEF initiative has successfully launched its second cohort, while PAPEJ continues to advance according to established benchmarks.

    The Integrated Business Development Program (PIDE) constitutes another cornerstone of the economic strategy, focusing support on local and regional ventures across critical sectors including agro-industry, manufacturing, and biotechnology. Special emphasis is being placed on revitalizing traditional industries such as sewing and shoemaking through targeted strengthening initiatives.

    A distinctive regional development approach is being implemented with particular concentration on the Great North and Great South regions, where the majority of program beneficiaries will be selected. This geographical focus aligns with Minister Monazard’s vision of decentralizing economic activity and promoting balanced regional development throughout Haiti.

  • Punta Cana International Airport set for busiest year ever in 2025

    Punta Cana International Airport set for busiest year ever in 2025

    PUNTA CANA – Aviation authorities at Punta Cana International Airport (PUJ) project that 2025 will become the most active period in the facility’s operational history, with unprecedented levels of passenger movement and flight activities anticipated.

    Giovanni Rainieri, Director of Airside Operations, indicated that December 2025 is expected to be the peak month, concentrating the highest volume of daily passenger and flight operations. Data shared with N Digital reveals that over one million passengers holding confirmed tickets are projected to transit through the terminal by December 31, 2025, cementing PUJ’s status as the Dominican Republic’s primary aviation gateway.

    A new single-day passenger record is forecast for December 29, with approximately 51,000 travelers expected across 155 flights—surpassing the previous milestone of 50,000 passengers. During the week spanning December 24 to December 31, airport officials anticipate processing around 300,000 passengers, including 245,000 international arrivals. Simultaneously, weekly flight operations are predicted to reach an all-time high of 850 inbound and outbound movements, exceeding the prior record of 786.

    Average daily passenger traffic is projected to rise significantly in the latter half of December, exceeding 40,000 travelers per day—a notable increase from the 30,000 daily passengers recorded in the first two weeks of the month. This substantial surge has necessitated expanded staffing and enhanced security protocols.

    To accommodate the increased operational load, multiple national agencies have amplified their presence at the airport. These include the National Drug Control Directorate (DNCD), the General Directorate of Migration, the Specialized Airport and Civil Aviation Security Corps (CESAC), and the Dominican Institute of Civil Aviation (IDAC).

  • 15 December Treasury Bill auction raises double projected revenue

    15 December Treasury Bill auction raises double projected revenue

    Grenada concluded its 2025 Treasury Bill offerings with a notably successful auction on December 15th, demonstrating robust investor confidence in the nation’s financial instruments. The Eastern Caribbean Securities Exchange (ECSE) reported that the 365-day Treasury Bill offering was substantially oversubscribed, attracting EC$10 million beyond the initial EC$10 million target.

    Utilizing a competitive uniform price methodology, the auction successfully raised EC$20 million at a discount rate of 4.76190%, notably below the maximum rate threshold of 5.0% initially established. This final auction of the year contributed to Grenada’s total 2025 securities market performance, where the government raised over EC$110 million through seven separate auctions comprising four 91-day and three 365-day Treasury Bills.

    Proceeds from these securities are strategically allocated toward refinancing existing Treasury bills and notes currently circulating in the market. This approach forms an integral component of the Government’s Debt Management Strategy, specifically designed to minimize borrowing costs by reducing dependency on overdraft facilities.

    Notably, investment yields from these instruments remain exempt from taxation, duties, or levies imposed by Participating Governments of the Eastern Caribbean Currency Union (ECCU). With the 2025 auction cycle now complete, market participants anticipate the forthcoming publication of the 2026 prospectus. Grenada maintains its traditional schedule of initiating each year’s securities auctions in February.

  • Business leaders spotlight MSME growth at 32nd GCIC Awards

    Business leaders spotlight MSME growth at 32nd GCIC Awards

    GRENADA – The Grenada Chamber of Industry and Commerce (GCIC) celebrated the nation’s most dynamic enterprises at its 32nd Annual Business Awards Ceremony on December 6, 2025. Held at the Radisson Beach Resort in Grand Anse under the theme “From Vision to Impact: Growing Sustainably Together,” the event gathered over 200 leaders from private sector, government, and civil society to honor businesses driving economic resilience through innovation and sustainability.

    Keynote speaker Bevil Wooding, Executive Director of the Caribbean Agency for Justice Solutions and renowned technology innovator, framed the awards within the broader challenges facing small island economies. “These awardees demonstrate that innovation, sustainability, and community impact are not optional extras—they are the foundation of long-term business success,” Wooding emphasized, noting how Grenadian businesses are redefining excellence while balancing global competitiveness with local value creation.

    GCIC President Collin Francis articulated the strategic vision behind this year’s theme: “Innovation without sustainability is short-lived. Sustainability without innovation leads to stagnation. Together, they point the way to business growth that creates jobs, protects our environment, and builds long-term prosperity for families across Grenada.”

    The awards ceremony highlighted a significant shift toward enterprises that successfully merge commercial performance with environmental stewardship, skills development, and community impact. Winners spanned diverse sectors including agriculture, tourism, ICT, marine conservation, and education, reflecting Grenada’s comprehensive approach to sustainable development.

    Petipha Lewis, GCIC Executive Director, emphasized the significance of this year’s recipients: “The quality and range of businesses recognized underscore the strength and resilience of Grenada’s private sector, particularly our MSMEs. These enterprises are creating opportunities, embracing technology, safeguarding our environment, and strengthening communities.”

    Notable award recipients included Fruittimoss Grenada (Excellence in Agri-Business), Metarelic People Inc. (Excellence in ICT), Grenada Blue Inc. (Marine Conservation), and Glenelg Spring Water Inc. (People’s Choice Award). The Chamber expressed gratitude to sponsors and partners including Republic Bank Grenada Ltd., The Nature Conservancy, and FLOW for their support in making the event possible.

  • GCSI is bullish about its 2026 prospects

    GCSI is bullish about its 2026 prospects

    The Grenada Coalition of Service Industries (GCSI) is charting an ambitious course for 2026 following a transformative year of organizational restructuring and strategic partnership development. Under the leadership of Chairman Jude Bernard, the coalition has successfully repositioned itself as a catalyst for service sector growth through its GCSI 2.0 initiative, encapsulated by the motto ‘Transformation through Collaboration and Innovation’.

    The coalition’s revitalization efforts have yielded significant achievements, including the establishment of seven pivotal local partnerships with key institutions: Grenada Development Bank, Grenada Bureau of Standards, Grenada Investment Development Corporation, T A Marryshow Community College, Grenada National Training Agency, Grenada Chamber of Industry and Commerce, and Caribbean Coding Academy. Notably, GCSI forged a historic regional alliance through a memorandum of understanding with the Barbados Coalition of Service Industries, marking a milestone in Caribbean economic cooperation.

    Building on this foundation, GCSI has outlined an extensive agenda for early 2026 featuring the revival of Services Week from March 21-27. The program includes the return of the signature Services Expo, Grenada’s inaugural Services Industries Award reception, and an innovative virtual Career Day targeting secondary school students.

    The coalition’s comprehensive strategy extends beyond events to include substantive capacity-building initiatives. The GATEWAY to Trade program will focus on export capacity development and acceleration for service organizations and SMEs. Simultaneously, the Bridge to Brilliance initiative by DeVry University will address regional talent pipeline strengthening through upskilling and reskilling programs designed for the digital economy.

    Additional 2026 plans encompass localized training sessions for stakeholders and collaborative activities with strategic partners, all aimed at elevating Grenada’s service producers to export-ready status and enhancing the nation’s economic development through service sector excellence.

  • St Kitts, Haiti get CAF ok as shareholder countries

    St Kitts, Haiti get CAF ok as shareholder countries

    In a landmark decision signaling expanded regional integration, the Development Bank of Latin America and the Caribbean (CAF) has formally approved St Kitts and Nevis and Haiti as new shareholder countries. The historic move was ratified during the institution’s board of directors meeting convened in Panama City on December 16 under the leadership of Chairman Davendranath Tancoo, who serves as Trinidad and Tobago’s Finance Minister.

    This strategic incorporation will enable both Caribbean nations to access tailored development financing mechanisms, specialized technical assistance programs, and knowledge-sharing initiatives specifically designed for small island developing states facing climate vulnerability challenges. The expansion effectively triples CAF’s Caribbean shareholder base compared to 2023 levels, representing the most significant regional enlargement in the institution’s history.

    Concurrently, CAF’s board authorized substantial financial commitments totaling $3.175 billion for pan-regional operations. These funds will catalyze critical infrastructure projects spanning electricity generation, water security systems, sustainable transportation networks, and support mechanisms for vulnerable communities. Additional financing will target small and medium-sized enterprises alongside productive economic sectors requiring development capital.

    The institution has demonstrated accelerated Caribbean engagement throughout 2025, having incorporated Saint Lucia in June during its Seville board meeting. This follows earlier expansions that welcomed The Bahamas, Antigua and Barbuda, and Grenada into the shareholder framework over preceding twelve months. Currently, six Caribbean nations maintain shareholder status with several others advancing through various incorporation stages.

    CAF Executive President Sergio Diaz-Granados emphasized the institution’s regional philosophy, stating: ‘St Kitts and Nevis and Haiti are joining a home-grown development bank that was established by the region specifically for regional advancement.’ He characterized CAF as ‘more than a financial institution—it constitutes a strategic bridge unifying Latin American and Caribbean development objectives through contextually appropriate solutions.’

    In a parallel development, the board confirmed Barbados’ successful compliance with requirements to transition to full membership status. This elevation positions Barbados alongside Trinidad and Tobago as the second CARICOM nation to achieve full membership standing within the development bank.

    Since establishing its regional headquarters in Trinidad and Tobago in 2022, CAF has deployed extensive programming across climate finance, resilient infrastructure development, public service modernization, and digital transformation initiatives. The institution continues to expand its portfolio encompassing blue and green economy investments, cultural heritage tourism, and educational development programs throughout the Caribbean basin.

  • Naxos Trading brings quality, affordable products to Jamaica’s digital marketplace

    Naxos Trading brings quality, affordable products to Jamaica’s digital marketplace

    KINGSTON, Jamaica — Naxos Trading has emerged as a significant player in Jamaica’s rapidly expanding digital marketplace, positioning itself as a premier destination for affordable quality products since its January 2025 launch. The online retailer has strategically aligned with 7Krave Marketplace, an established digital platform, to overcome traditional barriers faced by small and medium-sized enterprises in the Caribbean nation.

    This innovative partnership leverages 7Krave’s robust technological infrastructure to address critical challenges including inventory management, delivery logistics, and digital marketing. Through the integrated mobile application, Naxos Trading has accelerated its market penetration while maintaining a customer-centric operational model that prioritizes accessibility and convenience.

    The company’s product portfolio showcases an intentional blend of health-conscious and practical offerings. Shoppers can discover 100% natural deodorants, specialized personal care items including Neem Essential Care 5-in-1 Toothpaste, and Mine Botanicals Raw and Organic Skin and Hair Oils. The selection extends to globally recognized Kirkland Signature brand products such as Himalayan Pink Salt, premium olive oils, and organic virgin coconut oil.

    Beyond wellness products, Naxos Trading addresses everyday practical needs with solar lanterns, utility storage solutions, automotive supplies including synthetic motor oils, and authentic Jamaican honey. This diverse merchandise strategy reflects a comprehensive approach to serving household, automotive, and lifestyle requirements.

    Founder Mario Thomas emphasized the transformative impact of the partnership: “The collaboration with 7Krave Marketplace has provided a streamlined solution that enables entrepreneurs to list products efficiently, benefit from reliable island-wide delivery systems, and access thousands of daily platform users across Jamaica.”

    Demonstrating corporate social responsibility, Naxos Trading has implemented a hurricane relief initiative offering customers a 10% discount using promo code RELIEF10 when purchasing items to support Hurricane Melissa recovery efforts.

    Consumers can access Naxos Trading’s offerings via https://7krave.com/marketplace/stores/naxos-trading or through the 7Krave Mobile App available on major digital platforms.

  • Uber opens registration for taxi drivers in Saint Lucia

    Uber opens registration for taxi drivers in Saint Lucia

    Uber Technologies has initiated the registration process for licensed taxi operators in Saint Lucia, marking a significant step toward the official debut of its ride-hailing services on the island nation. The December 16 announcement confirms the platform will operate exclusively under the Uber Taxi framework, requiring all participating drivers to hold valid taxi licenses and certifications.

    Jorge Cordero, General Manager for Uber’s Saint Lucia operations, emphasized the strategic focus on leveraging technology to enhance earning potential for local drivers. “We’re seeking licensed taxi professionals who want to expand their client base through digital innovation,” Cordero stated. “This initiative specifically targets the growing demographic of tourists who already prefer the Uber ecosystem during their travels.”

    The company is implementing a dual approach to market entry: directly onboarding individual drivers through the Uber Driver application while simultaneously engaging with established taxi associations and transportation enterprises across the island. This collaborative model aims to integrate existing transportation infrastructure with Uber’s technological platform.

    Prospective drivers must undergo a comprehensive verification process, submitting documentation including valid driving credentials, taxi permits, insurance certifications, banking information, photographic identification, and completed background checks. The Uber Taxi model already operates successfully in multiple Caribbean markets including Barbados, Jamaica, and the Dominican Republic, demonstrating the viability of this approach in similar tourism-driven economies.

    Uber’s expansion strategy focuses on connecting licensed operators with both residents and visitors, particularly targeting the substantial tourist population already familiar with the application’s functionality. The company confirms that while driver onboarding is currently underway, an official service launch date will be announced following completion of preparatory phases.