分类: business

  • Cluck, Cluck… Pay Up: Chicken Prices Rise

    Cluck, Cluck… Pay Up: Chicken Prices Rise

    Starting Saturday, July 6 2026, consumers across Belize are facing higher price tags for one of the country’s most popular protein sources: chicken. The Belize Poultry Association, the leading industry body representing local poultry producers, has formally enacted a market-wide price adjustment prompted by sustained increases in core production expenses that have squeezed producer margins for months.

    Under the new pricing structure, the cost of whole chicken will rise by 12 cents per pound, a change that went into effect immediately the day the announcement was released. Industry representatives explained that the adjustment is a direct response to escalating costs across every major input category for poultry farming. Key drivers include sharp upticks in the market prices of critical feed grains — corn and soybeans, which make up the bulk of chicken feed rations — as well as higher fuel costs for farm operations and transportation, and increased prices for specialized poultry premixes, the nutrient-dense additives required for healthy flock growth.

    The price increases will not be limited to whole chicken, either. The association confirmed that all other poultry-based products will see corresponding price adjustments, with the size of the increase varying depending on the specific cut of meat or level of processing applied to the product. For example, pre-packaged cut chicken breasts, marinated processed portions, and specialty poultry products may see different percentage increases compared to whole bird offerings.

    In a statement released alongside the pricing announcement, the Belize Poultry Association emphasized that the price hike was an unavoidable step to keep the local industry operational. Continued rising input costs had created unsustainable pressure on producers, the group noted, making the adjustment necessary to offset ongoing cost growth and maintain consistent supply of local poultry to Belizean consumers. The organization also closed its statement by thanking the Belizean public for its continued patronage and support of the domestic poultry sector, which is a core part of the country’s local food supply chain.

  • Liberty Caribbean Returns as Headline Sponsor of CANTO’s 41st Annual Conference & Trade Exhibition

    Liberty Caribbean Returns as Headline Sponsor of CANTO’s 41st Annual Conference & Trade Exhibition

    For the fifth straight year, regional telecommunications leader Liberty Caribbean has locked in its role as headline sponsor for the 41st CANTO Annual Conference & Trade Exhibition, extending a long-running partnership that supports digital and economic progress across the Caribbean.

    Slated to run from August 9 to 12, 2026, the landmark industry gathering will be hosted at the Hard Rock Hotel & Casino Punta Cana, located in the Dominican Republic, bringing together a diverse cross-section of key stakeholders from across the region and beyond. Centered on the forward-looking theme ‘Elevate the Caribbean – From Connectivity to Global Competitiveness’, the 2026 conference will convene cabinet-level government leaders, top regulatory officials, senior policymakers, pioneering technology innovators, and leading telecommunications providers. The collective goal of attendees is to examine actionable strategies that will help the Caribbean region speed up its digital transformation, build up its global competitive edge, and unlock inclusive, long-term sustainable economic growth.

    In comments on the renewed sponsorship, Liberty Caribbean Chief Executive Officer Inge Smidts emphasized the transformative potential of emerging technology for the region. ‘The rapid evolution of artificial intelligence is redefining how economies compete, businesses grow, and societies connect. For the Caribbean, this presents an unprecedented opportunity to leap forward,’ Smidts noted.

    Over the course of the four-day event, Liberty Caribbean will lead and contribute to high-priority discussions focused on four core pillars: expanding affordable, reliable connectivity across underserved communities, advancing meaningful digital inclusion to close the regional digital divide, shaping forward-thinking policy and regulatory frameworks that support innovation, and deepening cross-regional collaboration to accelerate the development of the Caribbean’s digital ecosystem.

    Industry analysts note that Liberty Caribbean’s repeated commitment to headline sponsorship of the CANTO conference is far more than a branding move: it underscores the company’s long-standing dedication to partnering with public and private sector stakeholders across the region to build a more connected, economically resilient, and globally competitive Caribbean digital economy. As the event’s principal sponsor, Liberty Caribbean will hold direct engagements with regional government ministers, top ICT regulators, leading industry executives, and private sector delegates to help guide the trajectory of Caribbean digital development for years to come. Beyond policy discussions, the conference also serves as a critical platform for strengthening strategic cross-sector partnerships, advancing collaborative solutions to shared regional challenges, and cementing Liberty Caribbean’s reputation as a trusted leader in driving digital transformation and sustainable growth across the Caribbean.

  • IMA Grenada Symposium at Gouyave

    IMA Grenada Symposium at Gouyave

    Against a backdrop of growing global interest in Caribbean citizenship-by-investment programs, Grenada’s Investment Migration Agency (IMA) brought industry leaders, local entrepreneurs, and community representatives together recently for its latest symposium, held at the St John Anglican Pastoral Centre in Gouyave. The event, themed “Grenadian Innovation: Creating Local Opportunities Through Investment Migration,” centered on one core goal: expanding the role of domestic stakeholders in the country’s fast-growing investment migration sector.

    At the heart of the day’s discussions was the newly amplified Enhanced Local Developers Participation (ELDP) Initiative, a policy framework designed to break down two longstanding barriers for Grenadian-led projects: limited access to growth capital and low domestic participation in the country’s high-profile Citizenship by Investment (CBI) Programme. Under the initiative, local developers gain structured access to international investment flowing into Grenada through the CBI program, opening doors across seven priority sectors that align with the country’s long-term development goals: tourism and hospitality, agribusiness, manufacturing, renewable energy, health and wellness, information and communications technology, education, and the creative industries.

    Senior representatives from three key governing bodies – IMA Grenada, the Grenada CBI Committee, and the Grenada Investment Development Corporation (GIDC) – took the stage to outline available support for aspiring local developers, clarifying that GIDC serves as the primary entry point for entrepreneurs looking to get involved. The agency offers end-to-end support for projects at every stage, from refining initial business concepts and conducting independent feasibility assessments to navigating regulatory approvals and packaging proposals that meet international investment standards.

    GIDC Chief Executive Officer Ronald Theodore emphasized that while unprecedented opportunity exists for local developers, preparation is the key to unlocking it. “The opportunity is real, but opportunity must meet readiness,” Theodore told attendees. “Our role is to help entrepreneurs develop well-structured, bankable projects through sound planning, financial preparation, and the necessary approvals. The ELDP Initiative provides a pathway, but preparation will determine success.”

    IMA Grenada CEO Thomas Anthony expanded on the unique value that the investment migration framework brings to domestic innovators, noting that it offers an alternative to the restrictive traditional debt financing that often locks small and medium-sized local projects out of growth. “Rather than relying solely on traditional debt structures, investment migration creates an opportunity for local innovators and developers to attract equity partners,” Anthony explained. “The capital is already flowing into Grenada. Our challenge is to ensure Grenadian entrepreneurs are positioned to access it and transform strong ideas into investment-ready projects.”

    Attendees also explored the broader community impact of increasing local participation in the CBI sector. Discussions highlighted how locally led investments in community tourism, sustainable agriculture, and climate-smart infrastructure can create more stable local jobs, strengthen marginalized rural communities, and drive inclusive, long-term economic growth that benefits all Grenadians, rather than just external stakeholders.

    Richard Duncan OBE, Chairman of the Grenada CBI Committee, reaffirmed the country’s commitment to maintaining the high standards that have made its CBI program globally competitive. “Grenada competes on the integrity and quality of its due diligence,” Duncan noted. “Maintaining that credibility is essential to attracting responsible investment while creating more opportunities for Grenadians.”

    The symposium is part of IMA Grenada’s ongoing Symposium Series, an outreach effort designed to demystify the investment migration sector for local communities across the island. By bringing these conversations directly into regional hubs like Gouyave, the agency aims to fulfill its dual commitments to public education and inclusive stakeholder engagement, ensuring that the benefits of Grenada’s investment migration industry extend beyond major urban centers and international investors to domestic creators and developers.

    This report is sourced from contributor content hosted by NOW Grenada, which does not take responsibility for contributor opinions or statements. Individuals can report abusive content through platform reporting channels.

  • Asonahores warns higher airfare fees could hurt Dominican tourism

    Asonahores warns higher airfare fees could hurt Dominican tourism

    SANTO DOMINGO — The Dominican Republic’s leading tourism industry body is pressing public officials to reevaluate a series of recent increases to passenger transport fees, sounding the alarm that steadily climbing travel costs could erode the Caribbean nation’s standing as a competitive global tourism destination.

    Speaking at the 2026 Americas Investment Forum, Aguie Lendor, executive vice president of the Dominican Republic Hotel and Tourism Association (known locally as Asonahores), outlined the sector’s growing concerns. Lendor noted that already, airfares for travel to and from the Dominican Republic lag behind those offered by peer destinations across the Caribbean and Latin America when it comes to price competitiveness. While each individual fee adjustment may seem small and insignificant on its own, Lendor warned that the compound cumulative effect of multiple hikes adds significant cost that could shift the decisions of budget-conscious international travelers when they select their next vacation spot.

    The tourism sector is the backbone of the Dominican Republic’s national economy. Current data estimates that it contributes between 16% and 18% of the country’s total gross domestic product, and sustains more than 800,000 jobs across direct, indirect and induced categories. Lendor emphasized that he recognizes the government’s legitimate need to generate additional public revenue through fee adjustments. Even so, he stressed that regulatory bodies must conduct a thorough, data-driven assessment of how higher passenger charges will impact the country’s core tourism industry, which drives growth across nearly every other economic segment.

    Asonahores is pushing for a full, comprehensive review of all existing taxes and fees tied to air travel to the Dominican Republic. The association says this broad review is a critical step to protect the nation’s reputation as an affordable, attractive getaway for international visitors and safeguard the long-term stability of its largest economic driver.

  • Trade talks begin between Ecuador and Dominican Republic

    Trade talks begin between Ecuador and Dominican Republic

    Two Latin American and Caribbean nations, Ecuador and the Dominican Republic, have officially launched negotiations for a partial bilateral trade agreement designed to expand reciprocal market access for goods and services from both sides, Ecuador’s Ministry of Production, Foreign Trade and Investment confirmed recently.

    The inaugural round of negotiations is being conducted via virtual platforms, with discussions centered on eight core priority areas: improved market access for exports, standardized rules of origin, streamlined cross-border trade facilitation processes, updated sanitary and phytosanitary safety protocols, clearer frameworks for addressing technical barriers to trade, formal trade remedy mechanisms, structured dispute settlement procedures, and overarching institutional governance for the future agreement. Once finalized, the deal is projected to codify more transparent, predictable trade regulations and bolster the competitive positioning of small and medium-sized enterprises as well as large corporations operating in both markets.

    Bilateral trade flows between the two countries have already demonstrated consistent upward momentum in recent years. Official trade data shows that Ecuador shipped $148 million worth of domestic goods to the Dominican Republic in 2025, while imports from the Caribbean island nation amounted to just $19 million over the same period, leaving Ecuador with a $129 million trade surplus. That growth trajectory has continued into 2026, with Ecuadorian exports to the Dominican Republic recording an 11.4% year-on-year increase during the first quarter of the year. Top Ecuadorian exports to the Caribbean market include raw tobacco, electrical equipment, fabricated metal products, wild-caught shrimp, and cut flowers, while key imports from the Dominican Republic center on processed food products and industrial inputs.

    Following the conclusion of the first virtual negotiating round, participating officials have already scheduled the second round of talks, which will be held in-person on location in the Dominican Republic in the coming weeks to build on the progress made in the inaugural session.

  • Santo Domingo and Punta Cana host Dominican Week 2026

    Santo Domingo and Punta Cana host Dominican Week 2026

    A major new initiative aimed at deepening collaboration between the United States and the Dominican Republic is taking shape, after the New York-based Dominican Bar Association (DBA) officially announced the launch of Dominican Week 2026. Scheduled to run from July 7 to 10 across two host locations — Santo Domingo and Punta Cana — the four-day gathering is set to bring together a diverse cross-section of leaders from both nations, including legal practitioners, sitting judges, academic legal scholars, C-suite business executives, and public sector officials.

    Unlike previous iterations of the event, Dominican Week 2026 will expand its footprint outside of the capital city of Santo Domingo for the first time, adding a dedicated track of activities in Punta Cana. This geographic expansion is designed to unlock new opportunities for strategic dialogue and high-impact business networking across a broader landscape of Dominican stakeholders.

    The 2026 event agenda centers on the most pressing topics shaping the modern global economy. Attendees will dive into discussions covering artificial intelligence and its regulatory implications, cross-border investment frameworks, inclusive economic development strategy, and the shifting responsibilities of legal professionals in an increasingly interconnected international business environment.

    Over the course of the event, participants will hold scheduled meetings with representatives from leading Dominican institutions across public and private sectors. Key participating entities include the Dominican Chamber of Commerce, the Superintendency of Banks, tourism and development leader Grupo Puntacana, and top academic institutions such as Universidad Iberoamericana (UNIBE), the Pontifical Catholic Mother and Teacher University (PUCMM), and Universidad del Este (UDE).

    Per DBA leadership, the core mission of Dominican Week extends far beyond a simple professional gathering. The initiative is structured to strengthen long-term collaboration between the legal, business, and public sectors of both the U.S. and the Dominican Republic, while fostering emerging leadership, advancing professional development, and building durable international cooperation. Over the years, organizers note, the event has evolved into a foundational platform for building strategic cross-border partnerships, facilitating interdisciplinary knowledge exchange, and unlocking inclusive economic opportunities that reach well beyond the legal community.

    Founded and headquartered in New York City, the Dominican Bar Association is a mission-driven organization dedicated to advancing the legal profession for Dominican and Dominican-American practitioners. Its core priorities include promoting diversity and inclusion within the legal field, mentoring the next generation of legal professionals, and strengthening civic and professional ties for Dominican communities across the United States and the Dominican Republic. For the Dominican Republic specifically, the event also aims to shine a spotlight on the country’s rapidly growing profile as a regional hub for investment, innovation, and sustainable economic development.

  • ABWU Attends Global Tourism Services Conference as Support Grows for Women Workers

    ABWU Attends Global Tourism Services Conference as Support Grows for Women Workers

    In late June, London played host to the landmark International Transport Workers’ Federation (ITF) Tourism Services Section Conference, where global labor leaders and industry stakeholders gathered to map out a more equitable and sustainable future for the global tourism transport sector. Among the attendees were David Massiah, General Secretary of the Antigua and Barbuda Workers’ Union (ABWU) and Chair of the ITF Tourism Services Section, alongside ABWU Shop Steward Briann Russell.

    Opening the two-day gathering, Massiah delivered a stark assessment of the industry’s unaddressed inequalities. He pointed out that while billions in global investment continue to pour into expanding and upgrading tourism infrastructure, the millions of working people who keep the sector running are still systematically left behind.

    “Too often, those same workers are the ones facing the greatest insecurity—informal work, low wages, unsustainable working conditions, and increasing pressure from changing business models,” Massiah told delegates, highlighting a systemic gap between industry growth and worker well-being that has persisted for decades.

    Gender equity emerged as the central priority of the 2024 conference, with discussions and policy efforts culminating in the official launch of a groundbreaking joint report by ITF and the United Nations: the *Global Report on Women in Tourism Transportation*. The comprehensive new study documents long-standing gender gaps across every stage of employment in the sector, from entry-level recruitment to senior leadership representation. It also lays out clear, actionable recommendations to help employers, governments, and unions build more inclusive, fair, and equitable workplaces across the global tourism transport industry.

    Beyond advancing gender equity, conference delegates agreed on a set of core strategic priorities to guide the sector through its ongoing transition to sustainability. These priorities include raising industry-wide Environmental, Social and Governance (ESG) standards, expanding union membership and building organizational capacity for labor groups globally, advancing safety standards for tourism destinations worldwide, and ensuring a just transition that protects worker rights as the sector shifts to lower-carbon operations.

    To advance cross-sector collaboration, the conference hosted a dedicated Tourism Industry Event that brought together trade union delegates with representatives from leading global tourism bodies. Participants included officials from UN Tourism, the University of Surrey, the World Travel & Tourism Council, the World Sustainable Hospitality Alliance, and other major industry organizations, all joining to debate shared challenges and opportunities for the global tourism sector.

    Speaking to assembled industry and organizational leaders, Massiah emphasized that no single stakeholder group can build a better future for tourism on its own. “The future of tourism cannot be shaped by any one group alone,” he said. “Governments set the framework. Industry drives investment and innovation. Workers deliver the service and the experience.”

    Following the London conference, Massiah traveled to Madrid to hold discussions at the UN Tourism Office, continuing diplomatic efforts to align labor priorities with global tourism development goals. Massiah stressed that genuine cross-stakeholder partnership is the only path to turning tourism into a powerful driver of inclusive development—especially for small island developing regions like the Caribbean, where tourism forms the backbone of national economic activity and social progress.

  • Antigua and Barbuda to Push CARICOM for Longer Suspension of Common External Tariff

    Antigua and Barbuda to Push CARICOM for Longer Suspension of Common External Tariff

    As the Caribbean Community (CARICOM) prepares to convene its annual Heads of Government meeting in Saint Lucia, Antigua and Barbuda has laid out a clear, cost-of-living-focused policy agenda centered on reforming the bloc’s core trade framework. Prime Minister Gaston Browne outlined his country’s priorities in an interview on the *Brown and Brown Show* on Sunday, confirming that Antigua and Barbuda will lead a push to extend and broaden the current suspension of the Common External Tariff (CET) — a regional import duty applied to all goods entering CARICOM from non-member nations.

    The existing CET suspension, currently capped at a one-year term, has already helped bring down prices for imported goods across the bloc. Browne argues that this temporary relief needs to be expanded to deliver sustained relief for households grappling with rising living costs. “We’ll certainly be one of the countries that’s going to push for a reduction in the cost of living by asking for a continued suspension of the CET,” Browne told listeners. “I know it’s on a yearly basis. I think we should go to at least two years in the suspension of the CET.” Beyond extending the timeline, Antigua and Barbuda is also calling for the suspension to be broadened to cover more product categories, unlocking additional price cuts for consumers.

    To complement the CET reform, Browne says Antigua and Barbuda will also advocate for expanded access to lower-priced imports from the Dominican Republic, a non-CARICOM neighbor with competitive production in multiple key sectors. To back this proposal, the prime minister has already instructed the country’s Ministry of Trade to compile a detailed list of goods that the Dominican Republic can supply at lower costs than existing intra-CARICOM suppliers. This move is part of a broader regional strategy to tame persistent inflationary pressures that have strained household budgets across the Caribbean in recent years.

    Browne also highlighted that CARICOM is currently advancing a new trade agreement with Colombia, which would open doors for member states to access a wider range of competitively priced goods. Leveraging its existing robust shipping connections to Panama, the Dominican Republic, and key South American markets, Antigua and Barbuda stands ready to act as a regional distribution hub for these lower-cost imports, the prime minister noted, positioning the country to support the entire bloc’s cost-reduction goals.

    While short-term trade adjustments are critical for immediate relief, Browne emphasized that long-term, sustainable reductions in the cost of living will require deeper structural change. “Ultimately, we will be able to reduce the cost of living by growing our own produce and having our own meats,” he said, calling on consumers across the region to prioritize and support locally produced agricultural goods as part of the collective push for lower living costs.

  • Antigua and Barbuda Projects EC$250 Million Budget Surplus on Strong Revenue Growth

    Antigua and Barbuda Projects EC$250 Million Budget Surplus on Strong Revenue Growth

    The twin-island nation of Antigua and Barbuda is on track to deliver a landmark annual budget surplus exceeding EC$250 million in 2025, with government revenue collections continuing to outperform results from the previous year, Prime Minister Gaston Browne announced in a public appearance Sunday.

    Speaking during an interview on the local *Brown and Brown Show*, Browne explained that the stronger-than-expected surplus forecast stems from robust revenue collection by two key government agencies: the Inland Revenue Department and the Customs and Excise Division. This positive fiscal outcome comes even as the administration maintains a controversial policy holding domestic fuel prices below global market rates, a choice that has carved into projected government earnings.

    “Year-to-date, revenue performance has been good, very strong,” Browne told listeners. “We’re quite pleased with the performance of both Inland Revenue as well as Customs. Both of them have actually shown increases over last year.”

    The prime minister noted that the upward trend in revenue has put the government in the rare position of delivering a multi-hundred-million-dollar surplus while simultaneously making progress on reducing the country’s overall sovereign debt burden. “We are projecting a surplus of about a quarter of a billion dollars, and the debt-to-GDP is falling down to about 62 percent,” Browne added.

    Browne also confirmed that the government has rejected advice from its own Ministry of Finance to scrap the fuel price subsidy, choosing to continue artificially lowering consumer costs at the pump. To maintain the policy, the government compensates the West Indies Oil Company to offset losses from the capped prices, and the administration gives up roughly EC$4 million in monthly tax revenue to keep the subsidy in place.

    Even accounting for this recurring monthly revenue loss, Browne confirmed that total year-to-date collections are still higher than the totals recorded during the same period in 2024, defying projections that the subsidy would erase fiscal gains.

    The prime minister used the announcement to defend his administration’s track record on fiscal stewardship, pointing out that since his government took office in 2014, national debt has grown only marginally even as the country’s overall economy has expanded substantially. “When it comes to fiscal responsibility, I can say here without any fear of contradiction that my administration has been the most fiscally responsible administration that this country has ever seen,” Browne stated.

    Looking ahead, Browne emphasized that the confluence of sustained broad-based economic expansion, improved tax compliance and collection, and careful fiscal planning has put the government in a stronger financial position, allowing it to keep pushing forward with critical infrastructure and development projects across the nation.

  • OPEC+ kondigt bescheiden productie-uitbreiding aan temidden dalende olieprijzen

    OPEC+ kondigt bescheiden productie-uitbreiding aan temidden dalende olieprijzen

    Seven major producer nations within the OPEC+ alliance have confirmed plans to implement a modest increase to collective oil production starting in August 2026, marking the fifth straight month of output expansions for the bloc. The decision comes as global fuel prices have fallen to levels not seen since before the outbreak of the US-Iran conflict earlier this year, easing pressure on energy markets worldwide.

    The Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC partner producers, collectively known as OPEC+, made the announcement Sunday, confirming that the seven participating countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — will add a total of 188,000 barrels of crude per day to global markets. In an official statement, the alliance emphasized that it will continue closely monitoring market dynamics and maintain a cautious, data-driven approach to preserve global market stability.

    Global oil prices have dropped sharply over the past month, driven by growing market optimism that followed a preliminary US-Iran agreement to de-escalate their conflict. Under the terms of the tentative deal, Iran has agreed to allow unimpeded passage of commercial vessels through the Strait of Hormuz, while the United States will lift its blockade on Iranian ports. Since the agreement was reached, the volume of commercial traffic through the strategic chokepoint has risen, though it has not yet returned to pre-conflict levels.

    The Strait of Hormuz is one of the world’s most critical energy infrastructure chokepoints, carrying roughly one-fifth of global oil trade before the outbreak of the conflict. Even with the preliminary de-escalation, regional tensions remain elevated. Iran’s joint military command recently issued a warning that oil tankers must only use Iran-approved shipping routes through the strait, threatening a “forceful response” for non-compliance.

    As negotiators work to finalize a permanent peace agreement, oil prices have continued their downward trend. As of Sunday evening, Brent crude, the global benchmark for oil pricing, traded around $72 per barrel. This price point matches levels recorded just before US and Israeli strikes on Iran in February, and marks a sharp decline from the March peak of nearly $120 per barrel.

    The US-Iran conflict triggered a global energy crisis earlier this year, when the blockade of the Strait of Hormuz left even prior incremental production hikes from OPEC+ unable to offset the massive disruption to global supply. At the start of the conflict, many major Middle Eastern oil producers were forced to cut output, as export routes were effectively closed. The latest estimate from S&P Global Energy projects that full production recovery across the Persian Gulf region will not be completed until the first quarter of 2027.

    Despite falling crude prices, energy analysts have repeatedly warned that consumer fuel and goods prices will remain elevated for a long period even after a full conflict resolution, as supply chain adjustments and post-crisis reconstruction take time to fully normalize global energy markets.