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Markets

The Rebirth of Montserrat

March 13, 2014 | 8:34 am | 0 Comment

The Rebirth of Montserrat

Above: MDC CEO Ivan Browne at Caribbean Journal's headquarters in Miami (CJ Photo) By Alexander Britell MIAMI — The Eastern Caribbean island of Montserrat is eyeing a renaissance. Almost 19 years after the volcano that devastated half the island and destroyed its capital city, Plymouth, the British Overseas Territory has big plans: a new capital, a new port and more...

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13 Potential Caribbean Tech Hubs

February 24, 2014 | 8:16 am | 0 Comment

13 Potential Caribbean Tech Hubs

COULD a Caribbean city develop into a Silicon Beach? As the Caribbean seeks to develop, it will need to be creative — and part of that means both attracting creative people and companies to its shores and supporting creative people and companies at home. One way, we think, could be to cultivate a tech hub somewhere in the region. It wouldn't be easy, but when you more...

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Caribbean Islands Commit to Branson-Led Green Energy Challenge

February 10, 2014 | 5:00 am | 0 Comment

Caribbean Islands Commit to Branson-Led Green Energy Challenge

Above: Necker Island in the British Virgin Islands By the Caribbean Journal staff Seven countries and territories in the Caribbean have signed on to a regional challenge aimed at transitioning the Caribbean to green energy. The agreements were signed at the Creating Climate Wealth event on Sir Richard Branson's Necker Island last week. Branson arranged the more...

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Jamaica: IDB Approves $60 Million Loan to Improve “Competitiveness”

February 10, 2014 | 4:30 am | 0 Comment

Jamaica: IDB Approves $60 Million Loan to Improve “Competitiveness”

Above: Kingston (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $60 million loan aimed at improving "competitiveness" in Jamaica, the bank announced last week. The loan will "promote tax and land titling reforms and improve access to credit," the bank said. The loan is part of the third phase of an IDB programme more...

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Jamaica to Receive $80 Million IDB Loan for “Fiscal Sustainability”

February 8, 2014 | 6:00 am | 0 Comment

Jamaica to Receive $80 Million IDB Loan for “Fiscal Sustainability”

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica will be receiving an $80 million loan from the Inter-American Development Bank aimed at improving the "effectiveness and efficiency" of the country's tax system. The loan will target "fiscal sustainability," according to the IDB, with the goal of reducing tax distortions, strengthening revenue more...

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Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

February 7, 2014 | 5:38 pm | 0 Comment

Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody's Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or "junk" status, the New York-based firm announced Friday. The move follows a similar downgrade by Standard & Poor's earlier this week. "The problems that confront the commonwealth are many more...

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Seaborne Airlines Relocating to Puerto Rico; Government Taking Equity Stake

December 18, 2013 | 4:00 pm | 0 Comment

Seaborne Airlines Relocating to Puerto Rico; Government Taking Equity Stake

Above: a Seaborne plane By Alexander Britell MIAMI — St Croix-based regional airline Seaborne Airlines has reached a deal with the government of Puerto Rico to relocate its headquarters to San Juan. Under the deal, the government of Puerto Rico will take an equity stake in the airline and have two seats on the board of directors. The two sides said the move more...

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Could St Maarten Become a Hub For Travel to Nevis?

December 18, 2013 | 3:18 pm | 0 Comment

Could St Maarten Become a Hub For Travel to Nevis?

Above: St Maarten's Princess Juliana Airport By the Caribbean Journal staff Could Nevis get an airlift boost from St Maarten? That's one of the initiatives Nevis Tourism Minister Mark Brantley is working on for the 2013/2014 season, hoping to expand upon the airlift the island receives from places like San Juan, Antigua and St Kitts. "We have met with the more...

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IMF: “Tentative Signs” of Gradual Economic Recovery in Jamaica

December 18, 2013 | 1:27 pm | 0 Comment

IMF: “Tentative Signs” of Gradual Economic Recovery in Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff Is Jamaica on the road to recovery? Not quite, but there are signs of life, according to the International Monetary Fund completed its second review of the country's economic performance under a programme supported by an Extended Fund Facility arrangement. "Overall programme implementation under the more...

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Can the Caribbean Attract Tourists From the BRICS?

November 5, 2013 | 3:56 pm | 0 Comment

Can the Caribbean Attract Tourists From the BRICS?

Above: Union Island, St Vincent and the Grenadines (CJ Photo) By Alexander Britell MIAMI — The United States, the United Kingdom and Canada remain the primary source markets for Caribbean tourism — but with the global tourism market getting more and more competitive, that will likely start to shift in the years to come. As more Caribbean countries, out of more...

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