May 4, 2021 Last week, the Prime Minister of the Commonwealth of Dominica, Dr the Hon. Roosevelt Skerrit announced a one-million-dollar budget for the construction of a new bridge. The…
Category: BUSINESS AND FINANCE
Bladex acts as Joint Lead Arranger in a US$300m, Senior, Secured, Term Loan Facility for Investment Energy Resources Ltd.
May 4, 2021 Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or the “Bank”) today announced the successful closing of a US$300m 7-year senior secured term loan (the “Facility” or the…
Growth in 2021 for Caribbean Rum depends on the success of COVID vaccinations!
By: Staff Writer April 30, 2021 The head of the regional rum and distillers association said that a “healthy return to growth in 2021” depends on the successful roll out…
Guyana: Press Statement on 19th offshore oil discovery within the Stabroek Block
April 30, 2021 Vickram Bharratt, on behalf of the Government of Guyana and as Minister of Natural Resources with responsibility for the Petroleum Sector, it gives me great pleasure to…
IMF Reaches Staff-Level Agreement with the Republic of Suriname on a $690m Three-Year Program under the Extended Fund Facility
April 30, 2021 The program aims to lay the foundation for a strong, resilient, and inclusive economic recovery through protecting the poor, lowering inflation, restoring debt sustainability, and investing in…
Caribbean Ratings Agency CariCRIS expands into Jamaica
April 30, 2021 Caribbean Information and Credit Rating Services Limited (CariCRIS) today held the official launch of a branch office in New Kingston, Jamaica, this being the Company’s first office…
How Coffee Solutions Limited increased export sales and revenue in 2019 – A DAGS Case Study
By: Staff Writer April 27, 2021 A Jamaican coffee producer increased exports by 10 percent in 2019 as well as increased overall operational efficiency due to direct support from the…
ExxonMobil announces discovery at Uaru-2 offshore Guyana
April 27, 2021 Guyana potential increases to as many as 10 floating production storage and offloading vessels (FPSO) Estimated recoverable resource of approximately 9 billion oil-equivalent barrels to increase Six…
Acquiring Second Citizenship Unlocks Greater Travel Freedom for African Professionals, Says CEO of St Kitts and Nevis’ Citizenship by Investment Unit
April 27, 2021 In an editorial for Kenya’s StartUp Magazine, Les Khan, the CEO of St Kitts and Nevis’ Citizenship by Investment (CBI) Unit, said becoming a citizen of the…
Bahamian entrepreneur Calls government out for double dealing with him and Royal Caribbean over crown land
By: Staff Writer April 23, 2021 A Bahamian entrepreneur will not be pushed off of his dream project on Paradise Island despite Royal Caribbean Cruise Line (RCCL) striking a deal…
Royal Caribbean ‘Homeporting opens doors to boost local revenue’
April 23, 2021 With Royal Caribbean International’s Adventure of the Seas on target to set sail June 12 on its historic inaugural Nassau homeporting voyage, the company’s vice president today…
IMF Executive Board Concludes 2021 Article IV Consultation Discussions with the Kingdom of the Netherlands—Aruba
April 23, 2021 On April 16, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation discussions [1] with the Kingdom of the Netherlands—Aruba. COVID-19…