Markets

The Caribbean’s Biggest Solar Energy Plant

 The Caribbean’s biggest operational solar plant has opened in Puerto Rico. The Oriana Solar Park has debuted in the area of Isabela, with an estimated production of 100,000 megawatt-hours of energy in its first year of operations. “The Oriana Solar …

The Caribbean’s Most Innovative Hospital

 The Caribbean’s most innovative hospital just passed a major milestone. Health City Cayman Islands is celebrating three years since it opened its doors. In that time, the hospital has treated more than 29,000 patients. As the hospital celebrates its third anniversary …

The Dominican Republic Is the Caribbean’s Fastest-Growing Economy

 The Dominican Republic is the Caribbean’s fastest-growing economy, according to the latest updated projections from the United Nations Economic Commission for Latin America and the Caribbean. The Dominican Republic’s Gross Domestic Product is projected to grow by 5.3 percent this …

LATEST NEWS

 By GERARD BESTCJ Contributor BRIDGETOWN, Barbados—As clouds of uncertainty loom over the global economy, it hasn’t exactly been smooth sailing for Caribbean companies. But these days, a different kind of cloud is creating fresh opportunities for regional businesses. For techies, …

 By GERARD BEST CJ Contributor A historic gathering of diverse sectors of Guatemalan society recently took place in the country’s capital, hosted by the Latin American and Caribbean Internet Address Registry, commonly known as LACNIC. The gathering, called LACNIC On …

 Angostura Holdings Limited has appointed Genevieve Jodhan as Chief Executive Officer. Jodhan previously served as the company’s Executive Manager, and has been acting in the CEO position since September 2016. Angostura is the producer of Angostura bitters and Angostura Rum. …

 The World Bank has appointed Tahseen Sayed Khan as its new Country Director for the Caribbean. She will be responsible for maintaining a “solid partnership” with the countries to address their development and financial challenges, the organization said in a …

 After years of flat growth, Jamaica is projecting a stronger economy in the medium term. The country projects average real GDP growth of 2.6 percent over the next four years, according to a policy paper tabled by Jamaica Minister of …

Guyana Belize

 A pair of CARICOM countries has signed a landmark new economic agreement. Belize and Guyana have signed a new trade and investment agreement, with both sides hoping the pact can open new areas of funding and marketing for local producers. …

Curacao Internet Development

 Major Internet society to hold third peering form in the Caribbean By Gerard Best CJ Contributor WILLEMSTAD, Curaçao—The third Caribbean Peering and Interconnection Forum will be on June 7, 2017 and the Internet community is already looking forward to it. …

refinery aruba

 A major Caribbean oil refinery is set to reopen. CITGO Aruba and the Aruban government have executed a commercial agreement that will reopen one of the Caribbean’s largest oil refineries in San Nicolas, Aruba. The signing ceremony for the agreement …

 Another Caribbean island will soon be without a personal income tax. Antigua and Barbuda will be abolishing its personal income tax beginning in April, the government announced this week. The personal income tax, which had been introduced in 2004, had …

 By Dana NilandCJ Contributor The Caribbean Tourism Organization (CTO) and the Caribbean Hotel and Tourism Association (CHTA) are launching the first Caribbean Tourism and Hospitality Investment Guide targeted at international investors. The publication exhibits a wide range of investment opportunities …

 Quantifying the impact of cruise tourism By the Caribbean Journal staff How much does cruise tourism impact the Caribbean economy? Something in the amount of $3.16 billion, according to Business Research and Economic Advisors, which launched its analysis of spending …

 By Dana NilandCJ Contributor Caribbean nations must strengthen their Internet infrastructure in order to take full advantage of the global digital economy. This was the message was expressed by Mark Vanterpool, Vice President of Caribbean Telecommunications Union (CTU), at the …

 A major lawsuit By the Caribbean Journal staff The US Virgin Islands government is suing the Hess Corporation for shuttering the HOVENSA refinery in 2012, Governor Kenneth Mapp announced Monday. According to a complaint filed in Superior Court, the USVI is …

 A major force in the region By the Caribbean Journal staff Colombia’s agribusiness sector is playing a key role in the growth of the country’s economy. With $192 million in exports to over 127 countries, the industry generates about 6.2 …

 IMF says GDP growth quickening By the Caribbean Journal staff Grenada’s economy is on the rise. The country’s GDP growth forecast has been revised upward significantly by the IMF, following the organization’s latest visit to the country. While Grenada had …