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Markets

Markets

REDjet's Burns: No Plans to Sue

REDjet CEO Ian Burns said his company had no plans to bring a lawsuit against Jamaican authorities after its application to operate flights to the island had been delayed. “We’re in business in the Caribbean to work with governments and […]

Markets

REDjet to CARICOM: Time for New Approach to Regional Air Travel

Markets

Caribbean Joint Action Plan Commits $960 Million in First Year

Markets

Air Jamaica, Caribbean Airlines Merge
Markets

Fugro to Perform Bahamas Oil Survey
Markets

Jamaican Economy to Grow 1 to 2 Percent
Markets

Jamaica to Enter Medical Tourism Market
Markets

Guyana Gets $26 Million in European Union Aid for Sugar Industry

Markets

Bahamas Petroleum Company, in Survey, Finds Supergiant Structures
Markets

Plans for $1 Billion in Chinese Funding for Caribbean

Markets

BHP Billiton Starts Drilling in Caribbean

Markets

Inter-American Development Bank Begins Barbados Visit
Markets

U.N.: Caribbean Foreign Direct Investment Fell 18 Percent in 2010

Markets

Geothermal Project Planned in Nevis

A geothermal well in Nevis Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ […]

Markets

Trinidad's Energy Minister Meets with Ghanaian Officials on Natural Gas

Ghana’s Energy Minister Dr. Joe Oteng-Adjei and Trinidad’s Minister of Energy Carolyn Seepersad-Bachan By the Caribbean Journal staff Following an agreement that would see Trinidad supply energy for power plants in Ghana, Trinidad and Tobago’s Minister of Energy and Energy […]

Markets

After 25 Years, Swiss Government Moves to Seize Duvalier's Millions

Swiss Bundeshaus The Swiss government has moved a court for authorization to seize millions that once belonged to former Haitian dictator Jean-Claude “Baby Doc” Duvalier, 25 years after the funds were first frozen. If the government is successful, the government […]

Markets

Inter-American Development Bank Warns on Caribbean Food Prices

By the Caribbean Journal staff Caribbean nations need to protect their urban poor as rising international food prices trigger an acceleration of inflation, according to a report from the Inter-American Development Bank. According to the report, “How will the Food […]

Bahamas Signs Deal on $48.5M Sports Centre Renovation

The Bahamian government signed a $48.5 million contract with two local companies for what is dubbed as the Queen Elizabeth Sports Centre Redevelopment Project. The deal is part of the country’s broader strategy to capitalize on so-called “sports tourism” something […]

Bahamas Petroleum Company to Begin Offshore Drilling in 2012

The Bahamas Petroleum Company is planning on beginning drilling in 2012, according to BPC CEO Dr. Paul Crevello. “We are working towards a drilling well next year sometime,” Crevello said yesterday. “We know the government is working towards getting regulations […]

Markets

Ingraham Modifies Foreign Investment Restrictions, Residency Requirements

Restrictions preventing foreign investment in restaurants and entertainment facilities have been lifted by Bahamian Prime Minister Hubert Ingraham, who also announced a new minimum dollar requirement for foreign direct investment. The prime minister attributed the changes to a series of […]

Trinidad House Approves Financial Intelligence Bill in Unanimous Vote

Parliament, Port-of-Spain Trinidad’s government approved amendments to its Financial Intelligence Bill yesterday in a unanimous vote in the House of Representatives. The vote followed what had been a heated debate. Trinidad had faced being blacklisted because of non-implementation of the […]

Investors Consider $3 Million Shipwreck Museum in Grand Bahama

Looking to take advantage of the vast number of shipwrecks in Bahamian waters, a $3 million joint venture could mean a priceless-artifact museum in Grand Bahama. “The clock is ticking at the moment,” said Thomas Dean, the attorney representing the […]

Markets

Cayman Passes Changes to Companies Law

Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills — the Securities (Amendment) Bill and the […]

Barbados Chamber of Commerce Signs Agreement with Prince Edward Island

Andy Armstrong, president of the Barbados Chamber of Commerce Following the Bahamas’ lead in looking to Canada for investment opportunity, the Barbados Chamber of Commerce and Industry signed a Memorandum of Understanding yesterday with the Chamber of Commerce of the […]

International Monetary Fund: Caribbean Real GDP to Grow 4.2 percent in 2011

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for […]

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