By: Staff Writer December 29, 2020 The Grenada government’s “unwillingness” to work together to keep Grenlec delivering consistent power to Grenadians has forced the Tampa based power company, WRB, to…
Category: BUSINESS AND FINANCE
Global Cannabis market to reach $147bn by 2027- The Caribbean will capitalise!
A CBD producer says the Caribbean will capitalise on cannabis growth trends as the market is expected to reach $147bn by year 2027. Elvis “Papi” Edwards, owner/operator of CBDxr, told…
Shell takes 50% stake in Colombian oil and gas firm!
By: Staff Writer December 29, 2020 Oil giant, Shell, takes a 50 percent stake in Colombian oil and gas firm to continue its offshore, deep water exploration. Ecopetrol S.A. hereby…
Canadian company extends PPA in Nicaragua into 2039
By: Staff Writer December 29, 2020 A Canadian firm extends their power purchase agreement (PPA) in geothermal facility in Nicaragua into 2039. Polaris Infrastructure, a Toronto-based company engaged in the operation,…
Shopping giant to open new warehouses in Jamaica and Guatemala by early 2022
By: Staff Writer December 29, 2020 Shopping giant and warehouse club is proceeding with construction of two new warehouses in Jamaica and Guatemala for a Spring 2022 opening. PriceSmart, Inc.,…
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement!
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement! By: Staff Writer December 25, 2020 Beaches Turks and Caicos, one of Sandals Resorts International’s resort brands has…
Cable & Wireless may have sold access to their mobile network for China to track Americans in the Caribbean!
By: Staff Writer December 25, 2020 Shocking allegations that the telecommunications giant in the Caribbean, Cable & Wireless (C&W), who owns BTC in The Bahamas and Flow in Barbados, may…
Marriot AC Hotels expands to Dominican Republic.
The world’s largest hotel chain, Marriott, together with investment firm EGI Business Group, adds to its growing portfolio in Latin America with the introduction of AC Punta Cana in the Spring of…
New $70m St Kitts solar plant is partnership, not takeover!
By: Staff Writer December 25, 2020 A new solar energy project for the St. Kitts and Nevis energy company, SKELEC, will not be a foreign takeover but rather is just…
US Congressman warns “catastrophic” if Bahamas drills for oil!
By: Staff Writer December 21, 2020 U.S. Representative warns Bahamian government to not allow Bahamas Petroleum Company (BPC) to drill for oil in Bahamian waters, citing fears of “catastrophic” impact…
IMF gives Honduras $90m for COVID-19 relief.
By: Staff Writer December 18, 2020 IMF Executive Board Completes Third Reviews Under the Stand-By Arrangement and Arrangement under the Standby Credit Facility for Honduras. The IMF Executive Board’s completion…