Markets Unfinished Anguilla Resort Sells for $15M
The still-unfinished 280-acre Temenos resort on Anguilla was purchased by an American home-goods executive for $15 million. Leandro Rizzuto, who owns the nearby CuisinArt Resort & Spa on the island, paid around 10 percent of the balance owed to the […]
Bahamas Works Minister Neko Grant: Tourist Infrastructure Vital
Ensuring that adequate infrastructure exists to support future tourism growth is vital, Bahamian Minister of Public Works Neko Grant said yesterday in a budget debate in Parliament. Grant said several countries have made this kind of infrastructure a priority, specifically […]
Cristina Savescu, World Bank Economist, on Caribbean Growth
By Alexander Britell Earlier this week, the World Bank released a report on growth prospects for Latin America and the Caribbean. That macro region had three distinct areas – Latin America itself, which is in the midst of an economic […]
Markets Virgin May Drop Kingston Flights
Virgin Atlantic may be dropping its flights to Kingston, and Jamaican Tourism Minister Edmund Bartlett is set to meet with the company to discuss the matter. The move will not affect flights from London to Jamaica’s Montego Bay, however. “We […]
Jamaica's Golding Talks Economy to Brookings Institution in Washington
Director of the Latin American Initiative at the Brookings Institute, Mauricio Cardenas and Jamaican Prime Minister Bruce Golding (JIS Photo) Jamaican Prime Minister Bruce Golding delivered a lecture on the Jamaican economy to Washington’s Brookings Institution think tank, focusing on […]
Caribbean Must Shift Growth Strategy, according to World Bank Report
By the Caribbean Journal staff The Caribbean region, like the rest of the developing world, must refocus its strategies from crisis-fighting to structural reforms aimed at growth, according to this month’s Global Economic Prospects report from the World Bank. “Developing […]
Markets Bank of Jamaica Governor Brian Wynter: "Remarkable Change" Under Way
Brian Waynter (Photo: JIS) Jamaica is going through a period of “remarkable change,” Bank of Jamaica Governor Brian Wynter said yesterday at the Caribbean Canadian Emerging Leaders’ Dialogue Economic Symposium in St. Andrew. Wynter said the bank was working on […]
Could Gardening Help with Food Prices?
Caribbean governments are encouraging citizens to plant their own gardens, in an effort to mitigate the impact of soaring food prices. Beatrice Buchanan, who lives in Kingston, Jamiaca, said her new garden is helping her to combat rising costs of […]
Bahamas Oil Refining Company's $40 Million Expansion Underway
The Bahamas Oil Refining Company has contracted with CB&I, a U.S. firm, for the construction of 14 new oil storage tanks, as part of a $40 million expansion. “CB&I’s scope of work includes the engineering, fabrication and construction of 14 […]
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