Search Result for: credit rating

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How to Save on Your Next Trip to Nassau Paradise Island

Hotels and resorts in Nassau Paradise Island are offering warm weather getaways for those looking to escape the cold. Bay View Suites Paradise Island is providing guests with a day pass to Atlantis Paradise Island’s Aquaventure. Guests who book four […]

Using Tech to Improve the Caribbean’s Business Environment

How “RegTech” could help the Caribbean By Ryan Peterson CJ Contributor In the famous words of legendary Bob Marley, “…don’t let them fool you…”. Despite the images of white sandy beaches, turquoise seas and milky coconuts, the Caribbean is notoriously […]

The Best Caribbean Islands for Foodies

It’s not just a trend anymore — it’s a fact. More and more travelers are doing so with food as their major motivating factor. It’s convenient, that the Caribbean is one of the world’s great food destinations — even if […]

Barbados’ Must-Visit Summer Carnival: Crop Over

What to know about Barbados’ must-visit event: Crop Over By Sarah Greaves-Gabbadon CJ Travel Editor Trinidad’s pre-Lenten Carnival is the Caribbean’s most famous festival, but Crop Over, the mid-summer Bajan bacchanal that traditionally marks the end of the sugar cane […]

How to Create Prosperity in Jamaica

By Dennis Chung CJ Contributor In order to secure power (spillover from the colonial system), both political parties in Jamaica, when they formed government, set about creating institutional loyalties, using the state bodies and security forces to cement their hold […]

How You Can Travel to Jamaica Right Now — For Less

How to save on Jamaica right now By Dana Niland CJ Contributor Travelers this spring will find a variety of special packages, rates and discounts awaiting them in Jamaica. The deals range from budget-friendly to luxury accommodations, in everything from […]

What are the Best Places for Doing Business in the Caribbean?

By the Caribbean Journal staff The World Bank has released its 2016 Doing Business report, and there’s a familiar place at the top of the Caribbean region: Puerto Rico. The US Caribbean territory is ranked 57th in the world for […]

CJ First Look: The New Moon Palace Jamaica Grande

A major new all-inclusive in Ocho Rios By Guy Britton MONTEGO BAY — One of the most anticipated renovations and rebuilds in the Caribbean was finally unveiled earlier this summer in Jamaica. Located in the heart of Ocho Rios, it’s […]

Baha Mar Resort Project Files for Chapter 11 Bankruptcy

Above: the Baha Mar in Nassau By the Caribbean Journal staff The Caribbean’s largest resort project has hit a major hurdle. The $3.5 billion Nassau megaresort, which had already delayed its scheduled openings in December and March, has voluntarily filed […]

Making Caribbean Business Better

By Paul Hay CJ Contributor “With the widening of the Panama Canal and construction of a second canal in Nicaragua, a significant increase in trade and investment can be expected in the Caribbean Basin. So, improving competitiveness of local firms […]

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 […]

Supporting Caribbean Entrepreneurs, Sustaining the Regional Economy

By Irene Arias Op-Ed Contributor Small and medium sized companies are the backbone of Latin America’s economy. They represent more than 90 percent of all enterprises in the region, generating over half of all jobs and a quarter of the […]

S&P Raises Caribbean Development Bank Outlook to “Stable”

Above: the Caribbean Development Bank’s headquarters By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on the Caribbean Development Bank to stable from negative. The revision came as the New York-based firm affirmed the bank’s […]

Caribbean Business in 2014

By Paul Hay CJ Contributor The article “Growth to Accelerate in Latin America and the Caribbean …”, in the Annual World Economic Situation and Prospects 2014 report of the UN Department of Economic and Social Affairs (UNDESA), indicates that Haiti […]

Op-Ed: Green Energy Solutions Could Save the Caribbean $200 Million

By Jun Zhang Op-Ed Contributor HIGH ENERGY costs are the Achilles heel of the Caribbean. More than 97 percent of this region’s electricity is generated from fossil fuels and many islands devote a hefty portion of their GDP to fuel […]

Puerto Rico Governor Approves New Issue of General Obligation Bonds

Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has signed legislation authorizing the issuance of new general obligation bonds. The bonds will be used to “refinance outstanding lines of credit and meet […]

Green Caribbean: It’s Not Sustainability — It’s Common Sense

By Denaye Hinds CJ Contributor OVER THE YEARS, we have heard words and phrases like eco-friendly, green, eco-conscious, eco-lodge, go-green, greening our bottom line, conserving, preserving, sustaining. All of these relate to the act of considering the environment, being more […]

Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar […]

S&P: Grenada Debt Restructuring Could Take “Considerable Time”

Above: Grenada By the Caribbean Journal staff Grenada’s proposed debt restructuring could take “considerable time,” according to New York-based ratings firm Standard & Poor’s. The firm announced Friday that its “SD,” or selective default, rating on Grenada had remained unchanged. […]

Is Jamaica on the Right Track?

By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to […]

IMF: Haiti’s Business Environment “Needs to Be Strengthened”

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haiti has a business environment “needs to be strengthened,” the International Monetary Fund said following approval this week of a $7.4 million disbursement by its Executive Board. The move comes after […]

Op-Ed: Medical Tourism in the Caribbean

By J Frederick Emert Op-Ed Contributor ACCORDING TO the World Travel & Tourism Council (WTTC), in 2011, the total impact of the medical tourism industry contributed 9 percent of global GDP (over $6 trillion USD) and accounted for 255 million […]

Standard & Poor’s Places Puerto Rico Highway Bonds on Negative Watch

Above: Puerto Rico By the Caribbean Journal staff New York-based Standard & Poor’s has placed a group of highway-related bonds in Puerto Rico on CreditWatch with negative implications, citing insufficient reporting. The bonds, which include a BBB+ rating on the […]

Barbados Finance Minister: Moody’s Downgrade “No Surprise”

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

Barbados’ Bonds Downgraded to “Junk” Status by Moody’s

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]

IMF: St Kitts and Nevis Makes “Significant Progress” on Debt Restructuring

Above: Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “significant progress” on restructuring the country’s public debt, according to the International Monetary Fund, which recently completed its fourth review of the country’s economic performance […]

IMF: “Slow Recovery May Be Underway” in St Vincent and the Grenadines

Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the […]

Op-Ed: Belize’s Debt Payment

By Kay Menzies Op-Ed Contributor Certain realities are very much present in our daily economic life in Belize. For example, the population is, at this point, fully aware that we have a huge debt burden relative to our country’s size. […]

Jamaica’s Cruise Industry Is Growing, Buoyed by Royal Caribbean and Disney