April 6, 2021 Royal Bank of Canada (RY on TSX and NYSE) (“RBC”) announced that it has received the required approvals from local governments and from the Eastern Caribbean Central…
Category: BUSINESS AND FINANCE
Grenada’s 2020 CIP Revenue Shattered Records, Real Estate Investment Up 106%
By: Christian NesheimApril 6, 2021 Grenada’s citizenship by investment program logged a fourth consecutive year of growth in 2020, breaking a number of records in the process: Overall program revenue…
SVG Resort revenue up 16% through DAGS
By: Staff Writer April 6, 2021 The Young Island Resort in St Vincent and the Grenadines got a big boost through the Caribbean Export Development Agency’s Direct Assistance Grant Scheme…
IDB Invest Mobilizes Financing to Expand Investments in Panama Logistics Infrastructure
April 6, 2021 IDB Invest, a member of the IDB Group, is mobilizing financing worth $80 million for the Ecuadorian company Corporación Favorita C.A., the largest self-service store chain in…
IDB Invest, Banco Popular Strengthen Foreign Trade in the Dominican Republic and Promote Green Finance
April 6, 2021 Banco Popular Dominicano joins IDB Invest’s Trade Finance Facilitation Program (TFFP) by opening a credit line for up to $50m. This line will allow Banco Popular to…
Another TT Methanol plant closes, Cites Natural Gas prices.
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com On April 1, many in the Trinidad and Tobago energy sector would wake up to the announcement that yet another plant closure was looming at the…
Telecom infrastructure is the next big thing for the Caribbean says international financier.
By: Staff Writer April 2, 2021 An international financier with extensive experience in Caribbean operations said that technology has “accelerated” and is the next “big development” for the region. Andre…
Eastern Caribbean Blazes a Trail as First Currency Union to Launch Central Bank Digital Cash
By: Sarah Marsh April 2, 2021 The Eastern Caribbean on Thursday became the first currency union central bank to issue digital cash, a move that comes as bigger monetary authorities…
Haitian brand makes history with QVC debut
April 2, 2021 Haiti may be in turmoil politically but a Haitian-owned brand this week quietly made history by becoming the first Haitian brand to appear on QVC. On March…
Invest in Guyana Virtual Forum Attracts Scores of International Interest
April 2, 2021 The Guyana Office for Investment (GO-Invest), in collaboration with the Caribbean Export Development Agency (Caribbean Export), Caribbean Association of Investment Promotion Agencies (CAIPA) and the Delegation of…
Jamaica is well on its way to operating the first and only dedicated bamboo market pulp mill in the Western Hemisphere.
April 2, 2021 Bamboo Bioproducts Ltd (BBP) is advancing its investment in local bamboo with plans to build on lands in Frome, Westmoreland, and will focus on pulp for paper…