Markets

Talking Creativity in the Bahamas
Hotels

Pendry Is Opening Its First-Ever Caribbean Resort in Barbados 

 barbados pendry

Luxury boutique brand Pendry is opening its first-ever Caribbean hotel on the island of Barbados. The company is rebranding — and transforming – the former Port Ferdinand residential resort into what is now one of the region’s most anticipated debuts.  So what’s in store?  An 80-room retreat, with a marina, several eateries, a spa, a kids’ […]

Markets

Industrial Action Continues in Grenada

Above: a LIAT plane By the Caribbean Journal staff The ongoing labour dispute between air carrier LIAT and the Technical and Allied Workers’ Union in Grenada is continuing. The action, which has led to disrupted air service in Grenada and the Caribbean, stems from a dispute over extended working hours over a period of several […]

Markets

Haiti's Martelly Names New Co-Chair to Economic Development Council

Above: Haiti President Michel Martelly (Photo: OP) By the Caribbean Journal tsaff Haiti President Michel Martelly has appointed Haitian businessman Gregory Mevs as the co-chair of the Presidential Advisory Council on Economic Growth and Investment, the National Palace announced in a statement. Members of the Presidential Investment Advisory Board include former Spanish Prime Minister Jose […]

Markets

Barbados Finance Minister, IDB Vice President Hold Talks in Bridgetown

Above: Bridgetown, Barbados (Caribbean Journal Photo) By the Caribbean Journal staff Barbados Finance Minister Christopher Sinckler and Inter-American Development Bank Vice President Roberto Vellutini recently held talks in Bridgetown. The two sides focused their discussions on economic issues, particularly the impact of the global downturn. “We still have to manage to keep things as stable […]

Haiti's Martelly Names New Co-Chair to Economic Development Council

Above: Bahamian Prime Minister Perry Christie (BIS Photo) By the Caribbean Journal staff The Bahamian government will soon be calling a referendum on the issue of a national lottery in the country, according to Prime Minister Perry Christie. The referendum will cover a national lottery and/or web cafes, but not casinos. “It is my government’s […]

S&P: Lack of IMF Agreement "Detracting" from Jamaica's Creditworthiness

 Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding the country’s outlook at “negative.” S&P said the increase in short-term rating was a result […]

Dominica, Grenada Among Countries Developing Regional Black Sigatoka Plan

Above: a banana plant (CJ Photo) By the Caribbean Journal staff Dominica and Grenada are among a group of countries developing a regional plan to combat the Black Sigatoka disease, which is a growing threat to the Caribbean’s banana crop. A group of regional stakeholders held a teleconference Thursday with officials of the Inter-American Institute […]

Moody's Upgrades Suriname Bond Rating, Raises Outlook to "Positive"

 Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff Ratings firm Moody’s has upgraded the foreign currency rating of the government of Suriname to Ba3 and raised the country’s economic outlook from stable to “positive.” The change came from several factors, Moody’s said, including the expectation of “continued prudent fiscal management and improved debt sustainability […]

Belize "Unable" to Make Coupon Payment

 Above: Parliament in Belmopan By the Caribbean Journal staff The government of Belize announced Tuesday that it would be unable to make an Aug. 20 coupon payment on the country’s US Dollar Step-Up Bonds due in 2029. In a statement, Belize’s government said it had “already commenced discussions with the holders of this bond regarding […]

St Lucia to Launch Construction Stimulus

Above: Sugar Beach in St Lucia By the Caribbean Journal staff St Lucia is readying the launch of a two-year construction stimulus programme, Prime Minister Dr Kenny Anthony announced. The government called the plan, which would begin this month and end in February 2014, a “direct and immediate response to the lethargic economic environment currently […]

Haiti and Inter-American Development Bank to Accelerate Projects

Above: a waterfall in Haiti (Photo: MT Haiti) By the Caribbean Journal staff Haiti and the Inter-American Development Bank have agreed to step up the pace of collaborations on several projects in the country. The plans focuses on six areas: agriculture, education, energy, transport, water. sanitation and private sector development. The agreements were reached following […]

St Lucia's Raymond Officially Named Chief Economist in Turks and Caicos

 Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff Former St Lucia Senator Dr Ubaldus Raymond, who resigned from the Senate earlier this month, has officially been announced as the new Chief Economist in Turks and Caicos. Raymond, who earned a PhD from Howard University, was appointed by a four-member panel […]