分类: business

  • Dominica Youth Business Trust set for complete revamp, says Pm Skerrit

    Dominica Youth Business Trust set for complete revamp, says Pm Skerrit

    In a significant move to bolster youth entrepreneurship, Prime Minister Roosevelt Skerrit has unveiled comprehensive reforms for the Dominica Youth Business Trust (DYBT). The announcement came during a direct engagement with young citizens, signaling a government-wide commitment to empowering the next generation of business leaders.

    The centerpiece of this restructuring involves dramatically reducing interest rates on business loans to unprecedented lows of just 2-3 percent. This strategic reduction aims to eliminate financial barriers that have traditionally hindered young entrepreneurs from accessing capital. ‘We are implementing a complete revamping of the Dominica Youth Business Trust to make it more accessible to more young people in a more timely fashion,’ Prime Minister Skerrit emphasized during his address.

    Complementing these favorable lending terms, the government has allocated $5 million in dedicated funding to expand the program’s reach. This substantial financial injection will facilitate increased access to both loans and grants, providing comprehensive support for small business development across the island nation.

    Established in May 2004, the DYBT represents a collaborative model that consolidates resources from multiple institutions and donor partners. The organization’s core mission focuses on enabling Dominican youth to achieve their entrepreneurial ambitions through integrated financial, technical, and social support systems. The program distinguishes itself through its emphasis on robust training and mentorship components, ensuring participants receive holistic guidance throughout their business development journey.

    The overhauled initiative promises to accelerate the materialization of business concepts into tangible enterprises, effectively transforming innovative ideas into economic contributors for Dominica’s sustainable development.

  • Moon Gate Hotel & Spa Construction Update

    Moon Gate Hotel & Spa Construction Update

    The highly anticipated Moon Gate Hotel & Spa project is advancing steadily, with construction crews achieving several critical structural milestones. Recent site reconnaissance reveals the establishment of the foundational framework, signaling a significant leap from the initial excavation and site preparation phases. The project’s architectural vision, characterized by its fusion of minimalist luxury and organic design elements, is beginning to materialize on the skyline.

    Project developers have confirmed that the construction is adhering to its meticulously planned timeline, with key components such as the primary support structures for the main hotel building and the expansive spa wing now in place. The integration of bespoke, sustainable building materials is a focal point of the current phase, aligning with the project’s commitment to environmental stewardship and luxury wellness.

    Supply chain logistics and material procurement have been managed efficiently, mitigating potential global delays. The next phase will focus on the enclosure of the structure, installation of high-performance glazing, and the commencement of interior rough-ins. The development team emphasizes that the project remains on track for its projected opening, poised to become a new benchmark for luxury hospitality and holistic well-being upon completion.

  • Belizeans End 2025 Less Confident About the Economy

    Belizeans End 2025 Less Confident About the Economy

    BELIZE CITY – Belize concluded 2025 with a notable decline in economic optimism among its citizens, as revealed by the latest Consumer Confidence Index (CCI) published by the Statistical Institute of Belize. The comprehensive survey, which gauges public sentiment regarding national economic conditions, personal financial situations, and major purchasing readiness, recorded a concerning downturn in December.

    The index retreated to 47.9 points in the final month of 2025, down from November’s reading of 48.2. This downward movement places the indicator firmly below the critical 50-point threshold, signaling that a majority of consumers now harbor pessimistic rather than optimistic views about economic prospects. The deterioration primarily stemmed from diminished expectations for the upcoming year and increased reluctance to commit to significant expenditures.

    Geographic analysis revealed substantial regional disparities in economic sentiment. Stann Creek District experienced the most pronounced confidence collapse, plummeting from an optimistic 52.9 in November to 48.3 in December. Conversely, Toledo District demonstrated remarkable resilience, surging from 48.7 to 57.4—a dramatic improvement largely attributed to strengthened regional economic expectations.

    The comprehensive study further identified a growing urban-rural confidence divide. Urban consumers reported modest gains in economic optimism, while their rural counterparts exhibited heightened caution, particularly regarding major acquisitions such as vehicles, appliances, and household furnishings. This geographical polarization suggests varying economic experiences across Belize’s diverse demographic landscape.

    The CCI serves as a crucial barometer of economic health, measuring citizens’ perceptions across multiple dimensions including national economic conditions, household financial stability, and purchasing propensity. The latest findings indicate growing consumer restraint that could potentially impact economic activity in the coming months.

  • A Different View: Inside the inner architecture of leadership

    A Different View: Inside the inner architecture of leadership

    Beyond the conventional metrics of KPIs, engagement scores, and strategic outcomes lies a deeper, often neglected dimension of leadership: the internal landscape that shapes every decision and interaction. While most leaders meticulously refine their external presentation—communication style, decision-making processes, and influence tactics—far fewer invest comparable effort in understanding their internal responses during moments of crisis and pressure.

    The critical question modern leadership discourse frequently avoids is not whether challenges will emerge, but rather what internal mechanisms take control when they do. True leadership begins not with titles or authority, but long before—within the individual’s capacity for self-awareness and emotional regulation. Under calm conditions, many can perform effectively, but pressure reveals the fundamental difference between aspirational leadership and conditioned responses.

    This internal foundation manifests through subtle yet powerful indicators: the tone of a stressed voice, the pause between trigger and response, and the ability to remain present rather than defensive when confronted with discomfort. These moments separate leaders who operate from clarity from those reacting from fear, even when their external words appear identical.

    Leaders neglecting this inner development may demonstrate competence and inspiration during stable periods, but under duress, authority often becomes authoritarian. Feedback transforms into perceived threats, control supersedes curiosity, and decisions prioritize speed over wisdom. The leader’s nervous system shifts into defensive mode, creating an external perception of fear despite internal feelings of decisiveness.

    Conversely, leaders committed to sustained inner work develop regulated presence—not perfected calm, but the capacity to notice internal activation without being dominated by it. This enables thoughtful response selection rather than automatic reactions, creating steadier leadership that can navigate complexity without resorting to control or avoidance.

    Sustainable inner work transcends superficial emotional intelligence performances that fracture under genuine stress. It requires consistent self-reflection, honest inquiry, and willingness to sit with discomfort rather than projecting it onto others. This process builds self-trust, allowing leaders to understand their internal landscape so thoroughly that they cease surprising themselves and consequently reduce projecting reactions onto their teams.

    The ripple effects extend beyond professional environments into personal relationships and home life. Leadership patterns developed in the workplace inevitably manifest across all life contexts, making integrated inner work essential for coherent existence rather than compartmentalized performance.

    Ultimately, this transformation shifts leadership from influence toward integrity—not moral perfection, but alignment between internal state and external behavior. This coherence generates natural trust, as people instinctively distinguish between fear-based authority and awareness-rooted leadership. The former demands compliance; the latter inspires commitment.

    The most challenging realization emerges that no amount of technical skill, intelligence, or experience can compensate for emotional immaturity or unaddressed patterns. Leadership inherently amplifies existing internal conditions, making honest self-examination more valuable than any framework or workshop. The fundamental question evolves from what kind of leader one wants to be, to who they become when leadership demands more than comfortable giving.

    This quiet, often invisible work—rarely immediately rewarded—gradually transforms leadership quality in ways no conventional training can achieve. It shapes organizational atmosphere, determines conflict resolution pathways, and defines whether team members feel genuinely seen or merely managed. The answers emerge slowly through moments of tension, choice, and restraint—the crucible where leadership either deepens or merely repeats itself.

  • Ariza Credit Union to strengthen Grenada’s cooperative movement

    Ariza Credit Union to strengthen Grenada’s cooperative movement

    In a significant move to bolster Grenada’s cooperative financial sector, Ariza Credit Union has unveiled an innovative annual sponsorship program. This initiative is specifically designed to empower smaller credit unions by funding their participation in the Caribbean Confederation of Credit Unions (CCCU) Convention and Trade Show.

    As the largest credit union in Grenada and the second largest within the Organisation of Eastern Caribbean States (OECS), Ariza acknowledges the indispensable role smaller institutions play in promoting financial inclusion and fortifying community economic resilience. The program strategically targets credit unions with total assets not exceeding EC$10 million, entities that typically operate with constrained resources and limited access to regional developmental forums.

    The selection process for the inaugural beneficiary was conducted via a live, transparent draw held at Ariza’s Head Office. From a pool of eligible candidates—including Gateway Cooperative Credit Union, Hermitage Cooperative Credit Union, Birchgrove Cooperative Credit Union, Horizon Cooperative Credit Union, and GTAWU Credit Union—GTAWU Credit Union was selected as the first participant.

    Attendance at the prestigious CCCU Convention is anticipated to yield substantial benefits for the chosen institution, encompassing advanced training in governance protocols, sophisticated risk management strategies, exposure to cutting-edge financial technologies, and the opportunity to forge valuable professional networks across the Caribbean region.

    The President of Ariza Credit Union emphasized the philosophical underpinning of the initiative, stating, “We are deeply convinced that the collective strength of our sector is predicated on collaborative efforts to ensure continuous capacity building through training, development, and supportive initiatives.”

    This rotating sponsorship model ensures that support is equitably distributed, with the overarching goal of generating sector-wide advantages that transcend individual credit unions. By investing in the development of its smaller counterparts, Ariza reinforces its commitment to the principle of ‘cooperation among cooperatives’ and cements its leadership role in fostering the long-term growth and sustainability of Grenada’s credit union movement.

  • PM presents $1.9b Estimates including $105m deficit

    PM presents $1.9b Estimates including $105m deficit

    In a landmark parliamentary address, Prime Minister Godwin Friday presented the 2026 national budget totaling EC$1.89 billion, marking the first fiscal blueprint since his New Democratic Party’s decisive electoral victory in November. The financial plan introduces a modest 2% increase over 2025 allocations, signaling a period of strategic fiscal management amid economic challenges.

    The budget architecture reveals recurrent expenditure dominating at EC$1.31 billion, while capital investment is set at EC$577.2 million. Financing mechanisms demonstrate careful balancing, with EC$906.9 million expected from current revenue streams and EC$978.7 million from capital receipts. This structure results in a current account deficit of EC$105.5 million, which the government acknowledges requires deliberate containment strategies.

    Revenue projections indicate a slight contraction, primarily attributable to a 40% decline in non-tax revenue following the conclusion of hurricane reimbursement programs. Tax revenue shows resilience with a projected 0.7% growth, driven by increased international trade transactions (1.9% increase) and significant growth in income and profit taxes (6.5% rise).

    Expenditure analysis reveals concerning trends in debt servicing, with amortization costs surging by 25.8% and sinking fund contributions increasing by 13.6%. Personnel compensation grows by 9.6%, while pension obligations see modest adjustment. The capital budget reflects strategic prioritization, decreasing by 17.4% but focusing resources on critical infrastructure including transportation networks, educational facilities, and climate resilience projects.

    Sectoral allocations demonstrate targeted investment: Transport and Works receives EC$115.5 million, Education and Vocational Training allocated EC$63.5 million, while Higher Education and Grenadines Affairs secures EC$78.4 million. The Finance Ministry obtains the largest capital portion at EC$190.1 million, with housing initiatives receiving nearly EC$40 million.

    The Prime Minister emphasized the government’s commitment to fiscal sustainability while maintaining essential public services and infrastructure development, acknowledging the challenges of deficit reduction while meeting developmental objectives.

  • 9% wage increase for Ferrands employees

    9% wage increase for Ferrands employees

    After a period of constructive dialogue, Ferrands Food Products Ltd. and the National Workers Union (NWU) have finalized a comprehensive three-year labor agreement. The breakthrough concludes industrial negotiations that will substantially benefit clerical, technical, and ancillary staff members.

    NWU President General Tyrone G Maynard unveiled the specifics of the new compensation package, which guarantees employees a cumulative nine percent wage enhancement structured over the agreement’s duration. The incremental raise breakdown allocates a four percent increase in the first year, followed by three percent in the second year, and two percent in the final year. A significant component of the settlement includes the provision of retroactive pay covering the previous five months.

    Crucially, the pact ensures the preservation of all existing fringe benefits, which will be maintained in accordance with prevailing industry standards. Both parties have committed to a collaborative effort to facilitate the prompt and effective execution of these new terms.

    The formalization process is now underway, with arrangements being coordinated through the Department of Labour. The official signing ceremony is scheduled to occur under the auspices of the Labour Commissioner, marking the contractual commencement of the negotiated terms. This agreement extends a decade-long industrial relations partnership between Ferrands Food Products and the NWU, demonstrating a sustained commitment to cooperative labor-management relations.

  • BTL Pitches SMART Takeover to Business Leaders

    BTL Pitches SMART Takeover to Business Leaders

    BELIZE CITY – In a strategic move to garner corporate support, Belize Telemedia Limited (BTL) presented its case for acquiring Speednet (SMART) to the nation’s leading business organizations during a private consultation session this week. The high-stakes meeting with the Belize Chamber of Commerce and Industry (BCCI) and Belize Business Bureau (BBB) executives follows recent public protests against the proposed telecommunications merger.

    BTL executives articulated a vision of enhanced national infrastructure, asserting the consolidation would eliminate redundant assets and establish a more robust telecommunications network. The company projects significant improvements in service reliability and expanded coverage areas as primary benefits of the acquisition.

    Countering mounting concerns about reduced market competition, BTL unveiled a comprehensive consumer protection framework. The proposed safeguards include guaranteed price freezes on specific mobile and data services for a three-year period, preservation of existing customer plans, and specialized support programs for senior citizens and prepaid users. Additional commitments feature transparent service policies, regular outage disclosure reports, and a two-year rural expansion initiative.

    BTL Chief Executive Ivan Tesucum emphasized the transaction’s alignment with national interests, stating the merger aims to ‘accelerate digital inclusion’ while strengthening the country’s telecommunications infrastructure. The executive framed the acquisition as critical for Belize’s technological advancement and economic development.

    The telecommunications giant faces mounting scrutiny from consumer advocacy groups and competitors who warn the merger could establish a market monopoly, potentially leading to increased prices and diminished innovation over time. The business community’s response to BTL’s presentation remains undisclosed as consultations continue.

  • Foton picks up new pickup

    Foton picks up new pickup

    Foton Jamaica has officially entered the full-size pickup segment with the grand launch of its flagship model, the Tunland V9, at its Oxford Road showroom on January 24. The introduction marks a strategic expansion for the brand into a premium and previously underserved sector of the Jamaican automotive market.

    Under the theme of ‘dominance,’ the V9 makes a significant visual statement with dimensions that align more closely with North American trucks than traditional compact pickups. Jhanelle Wagstaffe, Senior Sales Manager at Foton, expressed strong enthusiasm for the model’s arrival, stating it “speaks dominance, presence, versatility” and is an “excellent addition” to the existing lineup.

    Technologically, the Tunland V9 is engineered as a powerhouse. It features a sophisticated drivetrain combining a 2.0-litre turbo-diesel engine with a 48-volt mild-hybrid system. This configuration is designed to deliver robust performance and enhanced fuel efficiency through electric torque assistance and energy recovery. Power is managed by a standard eight-speed automatic transmission and a capable four-wheel-drive system complete with a locking rear differential and multiple off-road modes.

    A key differentiator from competitors is its rear suspension. Departing from the conventional leaf-spring design typical for work-focused trucks, the V9 employs a multi-link coil setup, which Foton claims provides a notably smoother ride and superior handling without sacrificing utility.

    The vehicle is built for dual purposes: serious work and premium comfort. It boasts a spray-coated bed capable of handling a full pallet and payloads up to one tonne, alongside a formidable 3.5-tonne towing capacity. Practical work features include integrated side steps and a damped tailgate with an auxiliary step.

    Inside, the V9 transitions into a luxury cabin. It is outfitted with powered leather seats, ambient lighting, a 12.3-inch digital driver’s cluster, and a massive 14.6-inch touchscreen infotainment system supporting Apple CarPlay. This screen also serves as the display for a standard 360-degree camera with a built-in dash-cam. Safety is addressed with six airbags and a suite of collision warning systems, while driving aids like Adaptive Cruise Control and Hill Descent Assist enhance both on and off-road experiences.

    The Tunland V9 now sits atop the Foton range in Jamaica, joining the compact G7 pickup, Miler truck, and C-series buses. With the smaller G7 already receiving a favourable market response, company executives are optimistic that the V9 will achieve similar success, appealing to both commercial buyers seeking a heavy-duty workhorse and individuals desiring a refined, luxurious daily driver.

  • REBUILD FACES EXECUTION TEST

    REBUILD FACES EXECUTION TEST

    Jamaica’s ambitious national rebuilding program following the devastating Hurricane Melissa faces significant implementation risks due to structural weaknesses in the state’s project execution capacity, according to a stark assessment from the Independent Fiscal Commission (IFC). The fiscal watchdog’s report, presented to Parliament on Tuesday, indicates that despite Jamaica’s strong fiscal buffers and available financing, the government’s historical pattern of capital underspending threatens to undermine reconstruction efforts.

    The October hurricane caused an estimated US$8.8 billion in damages, equivalent to approximately 41% of Jamaica’s GDP, prompting the temporary suspension of fiscal rules and triggering a major reconstruction initiative. However, the IFC’s January assessment reveals concerning execution trends, with central government capital spending between April and September reaching just $19.2 billion—nearly 46% below the original budget of $35.5 billion.

    The commission emphasized that the government’s stronger-than-expected budget performance in the first half of the 2025/26 fiscal year reflected widespread under-execution of capital projects rather than improved implementation capacity. This pattern of underspending, while supporting near-term fiscal outcomes, masks fundamental weaknesses in the state’s ability to deliver large-scale public investment programs.

    Jamaica entered the current fiscal year with robust macroeconomic indicators, including declining public debt, low unemployment, and improved credit ratings. By September 2025, the debt-to-GDP ratio had fallen to 60.3%, positioning the country to meet its legislated 60% debt target ahead of schedule. However, Hurricane Melissa has dramatically altered this trajectory, with public debt now projected to rise to 68.2% of GDP by fiscal year-end.

    The IFC acknowledged that Jamaica’s fiscal buffers and disaster-risk financing arrangements—including access to approximately US$663 million in contingent resources—enabled an immediate response to the catastrophe. International development partners have additionally mobilized up to $6 billion in potential financing to support recovery and reconstruction efforts.

    Despite these financial resources, the commission stressed that financing availability is not the primary constraint. Instead, it identified long-standing deficiencies in public investment management, including procurement delays, inadequate project preparation, and limited project-management capacity across government ministries and public bodies. The report specifically cautioned against what it termed “over-ambition in materially executing additional capital projects amid local capacity constraints.”

    As Jamaica transitions into the reconstruction phase, the IFC recommended aligning capital budgets more closely with actual delivery capacity while strengthening execution frameworks to ensure rebuilding efforts translate into sustainable economic growth rather than temporary fiscal improvements.