Search Result for: diversification

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How to Buy a Caribbean Passport

By Nuri Katz As globalization continues, increasing numbers of global high net worth individuals (HNWI) have sought out citizenship by investment opportunities, according to a recent report by the New World Health Organization. Citizenship-by-investment provides HNWI and their families the […]

A New $200 Million Hotel Project Is Coming to the Exumas

By Alexander Britell Is this a game-changing hotel for the Out Islands of the Bahamas? The Bahamian government has signed a “heads of agreement” for a $200 million luxury resort in the Exumas. The eco-friendly resort will be located on […]

Air Canada’s Caribbean Traffic Growth Continues

Air Canada’s traffic to the Caribbean keeps rising. The carrier announced continued growth to the region in January, with an 8.1 percent year-over-year increase in revenue passenger miles to 735 million. Load factor increased by 1.2 percentage points to 86.8 […]

Copa Launches Belize Flights

Panama-based air carrier Copa Airlines has officially begun service between Panama and Belize. The airline’s first flight from Panama to Belize arrived on Tuesday carrying 92 passengers. Belize becomes Copa’s seventh destination in Central America. “For COPA Airlines this is […]

St Kitts Suspends Syrians From Citizenship by Investment Program

By the Caribbean Journal staff St Kitts and Nevis has announced the immediate suspension of processing of new applications for citizenship by investment from citizens and residents of Syria. In a statement, the country’s government said the changes were “made […]

This High-Design Inn is Coming to Puerto Rico

A new project in Puerto Rico By Dana Niland CJ Contributor A new inn has broken ground in Puerto Rico, the Puerto Rico Tourism Company announced this week. The new project is called Rincon Ojo de Agua, a 16-room project […]

Norwegian Launching Flights From New York to Martinique, Guadeloupe

Above: Martinique (CJ Photo) By Alexander Britell In a significant boost to the French Caribbean, Norwegian announced Thursday it would be launching flights to Martinique and Guadeloupe. The major launch includes flights from Boston, Baltimore/Washington and New York to both […]

This Caribbean Ritz-Carlton’s New Sustainability Push

Above: the Ritz-Carlton, San Juan By Dana Niland CJ Contributor The Puerto Rico Tourism Company (PRTC) has announced its certification of the Ritz Carlton, San Juan in the Ecotourism and Sustainable Tourism Program. This is the fifth such certification in […]

Tobago Looking to Expand Creative Sector

Above: Tobago (CJ Photo) By the Caribbean Journal staff Tobago is looking to expand and develop its creative and cultural industries. The island’s residents are being urged to “develop a skill and take advantage of the many opportunities being offered […]

Disrupting Caribbean Banking Technology

By Bevil Wooding CJ Contributor Customers across the Caribbean look longingly at innovations in the US and other markets, such as full-service online and mobile banking, marketplace lending facilities and merchant payment solutions. The open question is if, or when, […]

Turks and Caicos Signs Deal for $224 Million Ritz-Carlton Hotel Project

Above: Grace Bay Beach By Alexander Britell The Turks and Caicos Islands government has signed a development agreement with Desarrollos Hotel Group to build a $224 million hotel, resort, casino and spa project in the British Overseas Territory, Caribbean Journal has […]

Tourism Policy and Sustainability in the Caribbean Region

By Julio Orozco and Tevin Gall Op-Ed Contributors Regional policies with respect to Tourism development initially arose as a response to threats to tourism sustainability, which began to appear in the 1970’s as a result of the rapid global expansion […]

Natural Resources and Economic Policy in the Greater Caribbean

By Alberto Duran and Noemi Areli Sanchez Op-Ed Contributors As part of the regulatory function, the State, through its economic policy, directly influences the economic growth of a country. The discussion on the effects of that policy focuses generally on […]

The State of Aruba’s Economy

Above: Aruba By the Caribbean Journal staff Aruba’s economy is “recovering gradually” from a “severe double-dip recession,” according to the International Monetary Fund, which recently concluded its 2015 Article IV Mission to the Dutch Caribbean island. The recession was recovered […]

St Kitts’ Ocean Terrace Inn Planning March 2015 Reopening

Above: a rendering of the finished product By the Caribbean Journal staff St Kitts’ Ocean Terrace Inn is planning to reopen its doors on March 1, 2015 following an extensive renovation. The property received a $5 million loan from the […]

Lease Agreement Signed For New Hotel Project in US Virgin lslands

Above: Water Island By the Caribbean Journal staff A long-dormant Caribbean island is getting a major development boost. US Virgin Islands Governor John de Jongh has approved a lease agreement for the Water Island Development Company for the redevelopment of […]

Medical Tourism in the Caribbean

By Paul Hay CJ Contributor The fifth “Global Ministerial Summit” was held in Washington, DC on Sept. 21. Ministers of health, tourism and economic development, trade commissioners, and health attachés from 25 nations gathered to discuss medical tourism challenges and […]

Caribbean, Latin American Tourism Agencies to Meet in Trinidad

Above: Trinidad (CJ Photo) By the Caribbean Journal staff Tourism agencies from across Latin America and the Caribbean are slated to meet on Monday in Port of Spain, Trinidad and Tobago. The agencies are gathering under the theme of “Sustainable […]

BCQS Expanding to Panama

Above: Panama By the Caribbean Journal staff Property and development consultants BCQS International is expanding its reach into Panama. The firm announced Tuesday that it would be joining forces with Edward McGrath & Associates in Panama. The companies are embarking […]

Trinidad and Tobago to Hold Investment Conference in New York City

Above: Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago is ramping up its push to attract foreign investment. The country’s government announced this week that it would be holding an investment conference in New York later this […]

Healthcare in the Caribbean

By Paul Hay CJ Contributor The World Health Organization (WHO) published a ranking of global healthcare systems in their World Health Report 2000. According to an article in the June 29, 2012 edition of the Business Insider entitled “These are […]

Caribbean Airlift and Caribbean Tourism

By Julio Orozco Op-Ed Contributor The importance of ‘Accessibility’ particularly Air Access and its relationship to the viability of the Regional Tourism Industry cannot be over stated. The tourism industry is heavily reliant on air transport for tourists/visitors for business and […]

Fitch Downgrades Aruba Credit

Above: Aruba By the Caribbean Journal staff Fitch Ratings has downgraded Aruba’s long-term foreign and local currency issuer ratings to BBB- from BBB, the New York-based ratings firm announced. The firm said the island’s sovereign creditworthiness had “deteriorated” since 2009 […]

Honduras Opens Ethanol Production Plant

Above: the opening of the plant in Catacamas (OAS Photo) By the Caribbean Journal staff Honduras has opened its first ethanol plant in the eastern portion of the country. It plant is part of a wider initiative led by the […]

Op-Ed: Sustainable Development and Agriculture in the Caribbean

By Kariyma Baltimore Op-Ed Contributor THE ISSUES of food production, agricultural development policies and food security have generally ranked high on the Region’s “Priorities List.” Agriculture is viewed as an important sector in most Greater Caribbean countries, especially in light of […]

Joe Biden, Danilo Medina Hold Meeting in Santo Domingo

Above: US Vice President Joe Biden and Dominican Republic President Danilo Medina in Santo Domingo By the Caribbean Journal staff Dominican Republic President Danilo Medina received United States Vice President for an official visit on Thursday in Santo Domingo. Medina […]

Op-Ed: Why Companies Should Invest in the Caribbean Workforce

By Kimberly Frank Op-Ed Contributor Governments need to take an active role in inviting industry to invest in their countries. In this article, I argue that Caribbean countries should work together to promote their pre-existing dual education system and create […]

Barbados, St Maarten Hold Talks on Talk Cultural Industries

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados Culture Minister Stephen Lashley recently received St Maarten Governor Eugene Holiday for a visit in St Michael last week. The two sides focused on ways that culture can help diversify […]

At Nassau’s Baha Mar Resort, The Art of Everything