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Month: April 2011

Markets

Investors Consider $3 Million Shipwreck Museum in Grand Bahama

Looking to take advantage of the vast number of shipwrecks in Bahamian waters, a $3 million joint venture could mean a priceless-artifact museum in Grand Bahama. “The clock is ticking at the moment,” said Thomas Dean, the attorney representing the […]

CJ Interviews

OBMI's Tim Peck Talks Scrub Island and Luxury Development

Tim Peck is the chairman of design firm OBMI and is the company’s former CEO for the Caribbean region. OBMI has long been a major player in the region, in master planning, resort design and development consulting. Peck, who makes […]

Barbados Tourism Board Looks to Rihanna

Barbados’s Board of Tourism is looking to capitalize on international music star Rihanna’s Bajan heritage, with the board’s new chairman, Adrian Elcock, saying a Barbados appearance by the singer must happen on his watch. “We have to have a relationship […]

Markets

Cayman Passes Changes to Companies Law

Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills — the Securities (Amendment) Bill and the […]


World Bank: Jamaican Crime Reduction Could Mean 5 percent Increase in Growth

If Jamaica can reduce its crime rate to the level of Costa Rica, it could see a 5.4 percent increase in gross domestic product, according to the World Bank’s World Development Report for 2011. “Indirect costs — associated with stress […]


Barbados Chamber of Commerce Signs Agreement with Prince Edward Island

Andy Armstrong, president of the Barbados Chamber of Commerce Following the Bahamas’ lead in looking to Canada for investment opportunity, the Barbados Chamber of Commerce and Industry signed a Memorandum of Understanding yesterday with the Chamber of Commerce of the […]

Markets

International Monetary Fund: Caribbean Real GDP to Grow 4.2 percent in 2011

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for […]


Jamaican Government Temporarily Cuts Fuel Taxes, Staves Off Protest

Minister of Finance and Public Service Audley Shaw The Jamaican Government temporarily reduced the ad valorem tax on petrol from 15 percent to 10 percent yesterday, with the cut set to take effect Thursday. The move came after threats of […]


A New Beginning for the End of the World

At the edge of the Atlantic and the farthest boundaries of the Bahamas, in a small bar off Queen’s Highway, roamed the ghosts of presidents, outlaws and writers. But after years of neglect, even Ernest Hemingway couldn’t get a drink […]

Markets

REDjet to Start Flights Next Month

New Caribbean airline REDjet is set to take off next month, with tickets going on sale Wednesday, the company announced in a statement. According to Redjet, the first flights will begin May 8, featuring frequent trips to Barbados, Guyana, Jamaica […]


New York Lawyer Contributes to Save Belize's Mesoamerican Reef

Sir Thomas Moore, a lawyer in New York and longtime supporter of ocean renewal, donated $100,000 to help completely end all forms of trawling in Belize. Moore made the contribution as part of the Christie’s Green Auction last week. The […]


CARICOM, Italy Sign MOU

CARICOM and Italy today signed a Memorandum of Understanding aimed at strengthening political, scientific and technical relationships between the Caribbean market and Italy, CARICOM Secretary-General Lolita Applewhaite announced today. The Memorandum places a special focus on areas including tourism, modernization […]


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