Search Result for: negotiations

175 results found.

Royal Caribbean Returning to Barbados

Above: the Jewel of the Seas By the Caribbean Journal staff Royal Caribbean will be returning to Barbados after removing all of its ships from the Southern Caribbean route last year. The news was announced by Barbados Tourism Minister Richard […]

USVI Governor Sends HOVENSA Sales Agreement to Legislature

Above: the HOVENSA refinery By the Caribbean Journal staff United States Virgin Islands Governor John de Jongh has submitted the new agreement with the HOVENSA refinery to the legislature for approval. The agreement, which is the fourth Amendment Agreement between […]

Montserrat to Receive $26M in UK Aid

Above: Montserrat By the Caribbean Journal staff Montserrat will be receiving $26.04 million USD in budget aid from the United Kingdom’s Department For International Development. The government announced the funding following what it called “detailed discussions and negotiations” with Montserrat […]

Vanderpool-Wallace: The Missing Link For Tourism in the Caribbean

By Vincent Vanderpool-Wallace CJ Contributor TOURISM MINISTERS and Commissioners and their counterparts in the private sector in the Caribbean have come to see that the region’s tourism industry is vastly underperforming compared to the potential that they see. Hotel occupancies […]

Playa Hotels Says Purchase of Montego Bay Ritz-Carlton “Not Complete”

Above; the Ritz-Carlton Rose Hall By the Caribbean Journal staff The purchase of the Ritz-Carlton Rose Hall in Jamaica’s Montego Bay is not yet complete, according to Playa Hotels & Resorts, which had been reported to have purchased the property. […]

Cuba Could Send 6,000 Doctors to Brazil

Above: Brasilia By the Caribbean Journal staff Cuba could send 6,000 doctors to Brazil under a proposal that is currently in negotiations between the two countries, Brazil’s government announced. Brazil would reportedly hire the doctors to serve in some of […]

First IMF Funds on Way to Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff The first tranche of $207 million under Jamaica’s agreement with the International Monetary Fund was slated to be deposited into Jamaica’s account on Friday. Confirmation of the funding was revealed by […]

OAS to Support Registration of Haitian Workers in Dominican Republic

Above: OAS SG Jose Miguel Insulza and Dominican Deputy FM Cesar Dargam (OAS Photo/Juan Manuel Herrera) By the Caribbean Journal staff The Organization of American States will be supporting a joint initiative between the governments of Haiti and the Dominican […]

US Virgin Islands and HOVENSA Finalize 14-Month Sales Timetable

Above: the HOVENSA refinery By the Caribbean Journal staff The United States Virgin Islands and HOVENSA have reached an agreement to govern a 14-month sales process for what was formerly the Caribbean’s largest oil refinery. The sales process will begin […]

Antigua’s Government “Very Hopeful” on Beaches Resort Project

Above: the Grand Pineapple Beach Resort in Antigua By the Caribbean Journal staff While the prospect of Sandals Chairman Gordon “Butch” Stewart’s proposed $140 million Beaches hotel project on Antigua’s Long Bay had seemingly dimmed last year, the project has […]

Grenada, Kuwait Fund Reach Agreement

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Kuwait Fund has agreed to lift a suspension imposed on Grenada, the Grenadian government announced Thursday. The agreement, reached following negotiations led by Works Minister Gregory Bowen, paves the way […]

Jamaica “Finalizing” IMF Agreement, Plans Debt Exchange Offer

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is now “finalizing” a new agreement with the International Monetary Fund, along with a debt exchange offer to be made Tuesday, Prime Minister Portia Simpson Miller said in a national […]

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 […]

“Rare Earth” Hopes in Jamaica

Above: Jamaica (CJ Photo) By the Caribbean Journal staff The Jamaica Bauxite Institute has signed a Memorandum of Understanding with Nippon Light Metal of Japan to set up a pilot project to extract rare earth elements from red mud in […]

US Virgin Islands Receives Federal Funds for Economic Development

Above: USVI By the Caribbean Journal staff The United States Virgin Islands has been awarded more than $1.4 million in economic development funding from the US Department of Commerce. Of the funding, $1 million will be used to help establish […]

Couples Resorts Concludes Deal for Almond Casuarina Resort in Barbados

Above: Almond Casuarina Beach Resort in Barbados By the Caribbean Journal staff Couples Resorts has concluded negotiations for the lease of the 280-room Almond Casuarina Beach Resort in Barbados, CEO Glenn Lawrence announced Monday. The lease will become effective Feb. […]

Jamaica Signs Off on IMF Measures; Talks Heading Toward “Final Round”

Above: Minister Peter Phillips (CJ Photo) By the Caribbean Journal staff Jamaica’s Cabinet has signed off on a series of measures required to advance the country’s negotiations with the International Monetary Fund, Finance Minister Dr Peter Phillips said at a […]

Op-Ed: The IMF, Chavez, and Jamaica’s Economic Future

By David Rowe Op-Ed Contributor FOR THE LAST 12 MONTHS, Jamaica has been in intermittent negotiations with the IMF. These negotiations have not yet yielded a new agreement. It is now acknowledged internationally that Jamaica is in an economic crisis. […]

Report Urges Canada to Step Up Efforts on Caribbean Free Trade Pact

Above: Roseau, Dominica (CJ Photo) By the Caribbean Journal staff Canada should ramp up efforts to reach a trade deal with the Caribbean Community this year, according to a new report from the Toronto-based CD Howe Institute. The report, “A […]

Couples Resorts Close to Purchase of Almond Casuarina Resort in Barbados

Above: the Almond Casuarina Beach Resort in Barbados By the Caribbean Journal staff Jamaica-based Couples Resorts is in “firm negotiations” concerning the purchase of the 280-room Almond Casuarina Beach Resort in Barbados, Couples CEO Glenn Lawrence and Casuarina Chairman Anthony […]

Dennis Chung: Jamaica Without the IMF

By Dennis Chung CJ Contributor AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is […]

Bahamas Signs $1.3 Million Contract for Road Repairs in Abaco

Above: the contract signing (BIS Photo/Letisha Henderson) By the Caribbean Journal staff Bahamas Deputy Prime Minister Philip Davis signed a $1.3 million contract for road repairs in central Abaco Wednesday. The contract was awarded by the Cabinet to Bill Simmons […]

Trinidad’s Energy Ministry Awards Pair of Oil Exploration Licences to Petrotrin

Above: Port of Spain By the Caribbean Journal Trinidad’s Ministry of Energy and Energy Affairs has signed two oil exploration and production licences with state-owned Petrotrin. The licences cover the Trinidad Northern Areas Block and the North Marine Block. The […]

Op-Ed: Jamaica’s Mistake on Israel

By David Rowe Op-Ed Contributor I WAS DISAPPOINTED that Jamaica voted in favour of the United Nations resolution which lifted the Palestinian Authority from an entity to a non-member observer. Both Israel and the United States opposed the resolution […]

Op-Ed: Jamaica and Wall Street

By David Rowe Op-Ed Contributor THE FACT THAT Barbados’ government bonds have been downgraded to junk status was not a good development for the reputation of the Commonwealth Caribbean in international financial markets. Both Moody’s and Standard and Poors now […]

In Doha, St Lucia’s Fletcher Urges Large Nations on Climate Change

Above: the Doha talks (UN Photo/Mark Garten) By the Caribbean Journal staff Failure to reach a climate agreement in Doha will result in a global catastrophe, St Lucia’s Dr James Fletcher told the UN Conference on Climate Change Wednesday. Fletcher, […]

Sandals Buys Veranda Resort & Residences in Turks and Caicos

Above: the Veranda Resort By Alexander Britell Following its purchase of the LaSource resort in Grenada last month, Sandals has announced the purchase of the Veranda Resort Hotel in Turks and Caicos. The property will be annexed to Sandals’ current […]

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 […]

JetBlue Is Adding a New Nonstop Route From Westchester to Puerto Rico