Home Tag "Caribbean"

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

International rating agency Standard Poor’s (S&P) this week downgraded Barbados for the second time in six months, lowering its long-term local currency rating from CCC+ to CCC. In giving the rating a negative outlook, S&P said this reflected the potential for a downgrade over the next 12 months should the Government fail to advance measures […]

T&T Can Earn Much-Needed Foreign Exchange Selling More Natural Gas To Europe – Biesebroek

Tourism Ministry To Roll Out Initiatives To Diversify Tourism Product Through Five Linkages Networks – Bartlett

Minister of Tourism Edmund Bartlett, has indicated that his Ministry will continue to roll out initiatives to diversify the tourism product through the five Linkages Networks – Gastronomy, Health and Wellness, Sports and Entertainment, Knowledge, and Shopping – to attract more visitors to the island as well as generate additional earnings.He added that while encouraging […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Barbadians Warned To Brace For More Hardships – Dukharan

The Chief Economist for Bitt Inc, Marla Dukharan, is warning Barbadians to brace for more hardships, given the likelihood that the Government will miss its fiscal targets and that the island’s overall economic performance will be weaker than expected this year. She issued the grim assessment in response to the latest country risk report prepared […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Tourism Continues To Be The Main Engine Of Economic Growth

Jamaica’s Prime Minister Andrew Holness has indicated that tourism continues to be the main engine of economic growth, providing indirect employment for one in every four people in the linked sectors. These include agriculture, the creative and cultural industries, entertainment, manufacturing, transportation, finance and insurance, electricity and water, and construction. In 2016, the hotels and […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Compliance And Enforcement Critical To Protecting International Trading Relationships And Securing Ready Markets For Exports – Spence

Chief Technical Director in Jamaica’s Ministry of Industry, Commerce Agriculture and Fisheries, Dermon Spence, has indicated that the expansion of trade is part of Government’s strategic objectives for the sector. The Ministry’s strategic mission involves several activities that are critical to supporting the quality of produce to ensure that we consistently meet the standards that […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Trinidad And Tobago Needs To Learn From The Jamaican Experience And Make The Hard Decisions Needed For Economic Transformation – Duncan

Wednesday, September 13th, 2017, Port of Spain, Trinidad… JMMB Group CEO and Co Chairman of Jamaica’s Economic Program Oversight Committee (EPOC), Mr Keith P. Duncan urged Trinidad and Tobago to learn from the Jamaican experience and make the hard decisions needed for economic transformation. Speaking at an arm chair discussion hosted by JMMB Group, in […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Dominican Republic Looking To Revitalise Exports and Investments with Jamaica and Other Countries in the English-Speaking Caribbean – Nicolas

Fernando Gonzales Nicolás president of the Roundtable of Commonwealth in the Dominican Republic has announced that his country is looking at ways to revitalise exports and investments with Jamaica and other countries in the English-speaking Caribbean. According to the president, the English-speaking Caribbean consumes around US$30 billion in imported products and services yearly, of which […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

T&T Economy Continues to Taste the Medicine That Fiscal Reform Must Require In The Face Of Reduced Revenues – Lashley

Ingrid Lashley Chairman of National Enterprises Limited in her 2017 outlook to shareholders is reporting that in general, economic conditions are likely to remain challenging in 2017 as the economy continues to taste the medicine that fiscal reform must require in the face of reduced revenues. Notwithstanding this, preparatory work to facilitate new fields by […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Caribbean Will Grow By 1.2 Per Cent, Following -0.8 Per Cent Contraction In 2016 – ECLAC

The Economic Commission for Latin America and the Caribbean has predicted that the economies of the English and Dutch speaking Caribbean will grow by 1.2 per cent, following -0.8 per cent contraction in 2016. In releasing its “Economic Survey of Latin America and the Caribbean 2017” in Chile on Thursday, ECLAC said the countries of […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

British Caribbean Insurance Company Sets Up Shop In Barbados – Levy

The British Caribbean Insurance Company (BCIC), which is owned jointly by the ICD Group and the Victoria Mutual Building Society, opened its first branch in Barbados this week, fulfilling a long-time desire of ICD group chairman Joseph M Matalon to expand BCIC into the Caribbean region. Peter Levy, BCIC’s managing director commenting on the move […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months