Search Result for: shareholders

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Countdown to the Vote for a Caribbean Media Mega-Merger

Set-Up for a Showdown By Dr Marcia Forbes CJ Contributor The excited anticipation of the vote-count felt somewhat like national general elections in Jamaica. Would media entities RJR/Gleaner win out in their thrust to merge by securing the 75% shareholder […]

Ashford Prime Completes $64 Million Purchase of Ritz-Carlton St Thomas

Ashford Hospitality Prime has completed its purchase of the Ritz-Carlton St Thomas for $64 million, the company announced. Concurrent with the completion of the deal, Ashford has financed the hotel with a $42 million non-recourse mortgage loan. The property will […]

The Ritz-Carlton St Thomas Has Been Sold

The Ritz-Carlton St Thomas has a new owner. The property, which recently underwent a $22 million renovation, is being acquired by Dallas-based Ashford Hospitality Prime for $64 million from Marriott International. The deal for the 180-room hotel in the US […]

Marriott Paying $12.2 Billion to Acquire Starwood Hotels and Resorts

By the Caribbean Journal staff In a landmark deal, Marriott International has announced the acquisition of Starwood Hotels and Resorts Worldwide. Marriott International paid $12.2 billion in stock and cash in the deal, which creates the world’s largest hotel company. The […]

A $1.5 Billion Timeshare Deal

By the Caribbean Journal staff Interval Leisure Group has acquired Starwood Hotels and Resorts’ Vacation Ownership Business, the companies announced. The move came after approval by the boards of directors of both companies. Under the agreement, a wholly-owned subsidiary of […]

What Jamaica Needs to Succeed

By Dennis Chung CJ Contributor One of the things we often forget is that development of a company or a country is primarily for the purpose of advancing the lives of people, and not just measuring numerical indicators. Although companies […]

This is the Biggest Question Facing Caribbean Air Transport

What kind of regional air transport system does the Caribbean want? By Kareem Yarde Op-Ed Contributor It was proclaimed that the 2015 restructuring plan of regional carrier LIAT — announced by the major shareholding governments (Barbados, St. Vincent and the Grenadines, […]

The Wider Context to Jamaica’s Big Media Merger

Local and Global Trends By Marcia Forbes, PhD CJ Contributor As promised, here is another look at the proposed RJR/Gleaner merger. This announcement comes against the backdrop of a media landscape that is constantly evolving globally, regionally and locally. Media […]

New President and COO at Norwegian Cruise Line

Above: a Norwegian Cruise Line ship By the Caribbean Journal staff There’s a new president and chief operating officer at Norwegian Cruise Line, following the resignation of Drew Madsen. Company veteran Andy Stuart has been appointed to the role, the […]

JetBlue’s Newest Appointments

Above: a JetBlue plane By the Caribbean Journal staff JetBlue announced a series of new promotions and appointments to its leadership team on Monday. The moves include the promotion of Mike Elliott to executive vice president for people; Jeff Martin […]

The Case for an Eastern Caribbean Ferry

By S Brian Samuel Op-Ed Contributor There’s no cheap travel within the Caribbean. Unlike Greece and other island archipelagos, virtually all travel within the Caribbean is by air. And as we all know, travelling by air within the Caribbean is, […]

Expedia Buying Orbitz for $1.6 Billion

By the Caribbean Journal staff Just a few weeks after buying Travelocity for $280 million, Expedia is at it again. The travel giant announced Thursday that it had paid the equivalent of $1.6 billion to acquire rival travel company Orbitz. […]

JetBlue Names New CEO

Above: a JetBlue plane By the Caribbean Journal staff JetBlue Airways has named a new Chief Executive Officer. The company announced Friday that Robin Hayes, the company’s current president, would succeed current CEO Dave Barger beginning Feb. 16, 2015. Barger […]

Norwegian Expands With $3B Acquisition of Oceania, Regent Seven Seas

Above: Norwegian Breakaway By the Caribbean Journal staff One of the world’s biggest cruise lines is getting a whole lot bigger. Norwegian Cruise Line Holdings announced Tuesday it had entered into an agreement to acquire Prestige Cruises International, the parent […]

The Mechanics of Growth in Jamaica

By Dennis Chung CJ Contributor A FEW days ago I was on a radio interview where the question was: Who was responsible for growth, government or the private sector? This question, I think, is of fundamental importance if we are […]

LIAT Adds Another New Plane to Fleet

Above: Captain Chris Cameron and Captain Phil Gunsam in the new ATR (Photo: LIAT) By the Caribbean Journal staff Caribbean air carrier LIAT has added another new ATR-72 aircraft to its fleet, the company announced. The latest ATR-72 was delivered […]

Working to Build “The New LIAT”

Above: a new LIAT ATR-72 By the Caribbean Journal staff LIAT’s new Acting CEO Julie Reifer-Jones made her first public statement this week with a letter to staff vowing to build a “new LIAT.” “At the new LIAT, we are […]

Op-Ed: An Open Letter to LIAT

By Gregor Nassief Op-Ed Contributor Dear Directors: Re: Heads must roll I respectfully ask you, on behalf of the people of the Caribbean, and the people that visit the Caribbean, and especially on behalf of the people of Dominica who […]

Will Venezuela Invest in LIAT?

Above: a LIAT plane By the Caribbean Journal staff Venezuela has expressed an interest in investing in regional air carrier LIAT, according to Dominica Prime Minister Roosevelt Skerrit. The Prime Minister revealed the interest during a press conference this week […]

Are Air Taxes Stifling LIAT’s Success?

Above: a LIAT plane By the Caribbean Journal staff Are government air taxes stifling regional air carrier LIAT? That may be the case, according to Grenada Prime Minister Dr Keith Mitchell. Mitchell said that Grenada was prepared to be a […]

West Indies Cricket Board Names Jamaica Native New President

By the Caribbean Journal staff Jamaican native Dave Cameron has been elected the new president of the West Indies Cricket Board. Cameron had previously been the WICB’s vice president. He defeated incumbent Dr Julian Hunte in a narrow vote at […]

Dennis Chung: Jamaica’s Policy Options

By Dennis Chung CJ Contributor THERE ARE TWO THINGS of importance to Jamaica that occurred over the past two weeks which will have an effect on what happens to our economy going forward. The first is the update on the […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

Forbes: Jamaican Television — Moneymaking Versus the Public Interest

By Marcia Forbes, PhD CJ Contributor Jamaica Jubilee Conversations To have participated in one of the five Jamaica Jubilee Conversations hosted as a part of this island’s celebration of its 50th anniversary as an Independent nation was an honour. “The […]

LIAT Names New Chief Executive Officer

By the Caribbean Journal staff LIAT’s Board of Directors has appointed Captain Ian Arthur Brunton as the air carrier’s new Chief Executive Officer. The decision took effect Aug. 1. Brunton, who began his career as a pilot in the Royal […]

Grenada Succeeds in Protecting Cash in US and Vacating Restraining Notices

By L Andrew S Riccio CJ Legal Contributor Grenada is an island nation better known for its beaches and diving than for petroleum production. But in 2004, RSM Production Corp., a US company, applied for a petroleum exploration license from […]

Barbados “Must Encourage Innovation”

By the Caribbean Journal staff With the world increasingly moving toward the application of knowledge as a major component of economic activity, Barbados “must endeavour to put policies and strategies in place to encourage innovation,” according to Trade Minister Senator […]

Air Carrier REDjet Suspends Service

By the Caribbean Journal staff Caribbean air carrier REDjet, which initially experienced difficulty in obtaining authorization to fly into several regional countries, has suspended its service. “Unlike the heavily subsidised airlines that serve the region, REDjet does not receive any […]

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