August 12, 2022 The economies of Curaçao and Sint Maarten are recovering from the pandemic but facing multiple challenges, including spillovers from the war in Ukraine. Curaçao was in a…
Category: CARIBBEAN BUSINESS AND FINANCE
Investment manager convicted over $121M Cayman fund
Reporting by Kirstin Ridley; Editing by Emelia Sithole-Matarise, Reuters August 12, 2022 An investment manager of a collapsed 100-million-pound ($121 million) Cayman Islands-based legal financing fund was on Wednesday convicted…
CIMA Unveils Commemorative Coin for Queen’s Platinum Jubilee
August 12, 2022 In collaboration with the Scottsdale Mint, the Cayman Islands Monetary Authority (“CIMA”) is pleased to announce the unveiling of our commemorative coin in celebration of the Queen’s…
IDB INVEST CALLS FOR MORE DEVELOPED AND INCLUSIVE FINANCIAL SYSTEMS IN CARIBBEAN
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 9, 2022 A report compiled by economists at the Inter-American Development Bank (IDB) says that there are many impediments when it comes to accessing finance…
What Consumers Want: The Rise and Rise of Speciality Foods
August 9, 2022 Speciality foods ranging from cocoa to coffee, sauces to blended seasonings, and rice to fragrant breads, are being snapped up by consumers eager for new food experiences…
Caribbean $120m data centre growth not surprising says Cloud provider!
By: Staff Writer August 5, 2022 A regional Cloud Services provider calls the growth in the Caribbean data centre markert unsurprising and because the market has converged over time, these…
NCB FINANCIAL REPORTS $18.6BN NET PROFIT OVER LAST NINE MONTHS
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 5, 2022 NCB Financial Group is reporting an unaudited consolidated net profit of $25.9bn for the nine months ended June 30th, representing a $12bn increase…
Signing of three grant agreements between the Government of Haiti and the World Bank
August 5, 2022 The Haitian Government, represented by the Minister of Economy and Finance, Michel Patrick Boisvert, and the Chief of Operations of the World Bank in Haiti, Laurent Msellati,…
Guyana Poised To Break $1BN In Oil And Gas Revenue This Year
August 2, 2022 Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030.…
Citizenship by Investment: Transforming investment diversification options for HNIs
August 2, 2022 There is a programme that has the power to transform options in investment diversification for high net-worth individuals (HNIs), even in the current climate of pandemic-induced and…
Damen and Curacao Plan Investments for Caribbean’s Largest Shipyard
August 2, 2022 Investments for the facilities at Damen Shiprepair Curacao, the largest shipyard in the Caribbean, are expected to proceed shortly. The shipyard located on Curacao near the coast…