Markets

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 …

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 …

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 …

LATEST NEWS

 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 …

 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 …

 Above: UK and Cayman Islands officials (Photo: Ministry of Financial Services) By the Caribbean Journal staff The Cayman Islands and the United Kingdom signed what the former called a “FATCA-type” agreement on Tuesday. The agreement paves the way for Cayman …

 Above: JAMPRO President Diane Edwards (centre), Permanent Secretary in the Ministry of Foreign Affairs Ambassador Paul Robotham and LASCO Group CEO Lascelles Chin (JIS Photo) By the Caribbean Journal staff Representatives from the Jamaica Promotions Corporation recently concluded its first-ever …

 Above: OAS Headquarters in Washington (OAS Photo) By the Caribbean Journal staff The OAS and Haiti are also working to facilitate a “major conference” in Washington next year. The aim of the conference is for Haiti to present its Investment …

 Above: the Eastern Caribbean Central Bank By the Caribbean Journal staff There are more than 36 banks listed across the Organization of Eastern Caribbean States region. Each individual holds the responsibility of licensing banks in its respective territory. But is …

 Above: Guyana By the Caribbean Journal staff Could bio-energy be a major way forward for energy production in Guyana? The country’s government has officially opened a bioethanol demonstration plant in Albion, and says there is potential for a bio-energy production …

 Above: Barbados (CJ Photo) By the Caribbean Journal staff Guatemala will help Barbados’s government with its proposal to restructure the sugar cane industry. The support was revealed by Guatemala Foreign Minister Luis Fernando Carrera Castro during a courtesy call with …

 Above: Port of Spain (CJ Photo) By the Caribbean Journal staff The economy of Trinidad and Tobago is “poised for a modest recovery” in 2013, according to the International Monetary Fund. The IMF’s Executive Board recently concluded its Article IV …

 Above: Grenada By the Caribbean Journal staff Grenada’s Parliament has passed the Grenada Citizen by Investment Act 2013, the government announced. The act, which passed last week, would make Grenada one of an increasing number of Caribbean countries offering passports …

 Above: OAS ASG Albert Ramdin (OAS Photo) By the Caribbean Journal staff Can increased trade within the Latin America and the Caribbean help the region reach its economic potential? That was the idea put forth by Assistant Secretary General of …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Business confidence is rising in Jamaica. At least that’s the verdict from Jamaican Finance Minister Dr Peter Phillips. The Minister, who was speaking at a Chamber of Commerce forum in Mandeville …

 Above: St George’s (CJ Photo) By the Caribbean Journal staff What if you could travel from island to island in the Caribbean, without being charged a roaming fee on your mobile phone? That’s the idea recently put forth by Grenada …

 Above: Dominica (CJ Photo) By the Caribbean Journal staff It’s a romantic notion of Caribbean travel — arrive in one destination, then travel to another two or three islands by sea or small plane. And the OECS regional subgrouping wants …

 Above: Aruba By the Caribbean Journal staff Aruba’s government is continuing its push to achieve energy independence by the year 2020. The government announced Tuesday that it had signed a memorandum of understanding with BYD Company Limited on a zero-carbon …