Markets

IMF: Trinidad Economy “Poised for Modest Recovery” in 2013

 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 …

Grenada Parliament Passes Citizenship By Investment Act

 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 …

Can Caribbean Trade Help Tackle Hemispheric Challenges?

 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 …

LATEST NEWS

 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 …

 Above: Hong Kong By the Caribbean Journal staff The British Virgin Islands plans to open a representative office in Hong Kong, Premier Dr Orlando Smith announced this week. The office would be part of the territory’s strategy to improve ties …

 Above: a JetBlue plane By Alexander Britell Continuing its Caribbean expansion, New York City-based air carrier JetBlue announced Thursday that it would begin service to Haiti’s Port-au-Prince. The flights, which will include one daily nonstop flight between New York’s John …

 Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados is planning to create a “Hotel Innovation Fund” that would provide low-cost financing to hoteliers and other tourism providers. The government is currently meeting with tourism stakeholders to design the …

 Above: the summit in Caracas By the Caribbean Journal staff The seventh PetroCaribe summit in Caracas concluded this weekend with an agreement by member countries to establish a PetroCaribe “economic zone.” The move would expand the PetroCaribe oil agreement, which …

 Above: Tourism Minister John Maginley and Ambassador Ren Gongping By the Caribbean Journal staff Antigua and Barbuda Tourism Minister John Maginley met with newly-appointed Chinese Ambassador to Antigua Ren Gongping during a courtesy call on Thursday. Maginley, who will speak …

 Above: the Ritz-Carlton Rose Hall in Jamaica By Alexander Britell Travel demand for Jamaica is on the rise, according to the latest report from Expedia. More than 230,000 room nights in the country were booked through Expedia’s platforms in 2012, …

 Above: Port of Spain (CJ Photo) By Alexander Britell PORT OF SPAIN — Echoing the recent call of the Caribbean Hotel and Tourism Association, Trinidad and Tobago Tourism Minister Stephen Cadiz suggested Thursday that the Caribbean’s political leadership hold a …

 Above: Parliament in Belmopan By the Caribbean Journal staff New York-based Moody’s has upgraded the credit rating on Belize’s government bonds, the firm announced Monday. The rating has been lifted to Caa2 from Ca, with a “stable” outlook. The move …

 Above: St Lucia PM Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony will be on hand in Grenada for the upcoming Special Meeting of the Monetary Council of the Eastern Caribbean Central Bank …

 Above: a Cape Air plane in Vieques (CJ Photo) By Alexander Britell The last flight from Tortola on Sunday night marked the end of the American Eagle era in the Caribbean, a process that has been in the works for …

 Above: the last American Eagle flight By the Caribbean Journal staff American Eagle launched its last flight from the British Virgin Islands on Sunday, after almost 27 years of service. The move is part of the carrier’s gradual phaseout from …