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U.S. Investors Get Olint Priority

Federal Court in Orlando, Fla. U.S.-based investors will receive first priority in the Olint case, according to the U.S. Government, and the deadline for filing claims to recover money from David Smith’s failed ponzi scheme has been extended. Victim-witness specialist Elizabeth […]

Bahamas Signs Deal on $48.5M Sports Centre Renovation

The Bahamian government signed a $48.5 million contract with two local companies for what is dubbed as the Queen Elizabeth Sports Centre Redevelopment Project. The deal is part of the country’s broader strategy to capitalize on so-called “sports tourism” something […]

Ingraham Modifies Foreign Investment Restrictions, Residency Requirements

Restrictions preventing foreign investment in restaurants and entertainment facilities have been lifted by Bahamian Prime Minister Hubert Ingraham, who also announced a new minimum dollar requirement for foreign direct investment. The prime minister attributed the changes to a series of […]

Seismologist: Haiti Must Include Quake Preparedness in Redevelopment

Eric Calais By the Caribbean Journal staff Minimizing the risk of future earthquakes must a focus of any Haitian development plans, according to Eric Calais, a seismologist with the United Nations Development Programme. “When the next earthquake hits Haiti we […]

Four Seasons Project Restart Leading Renewed Foreign Investment in Barbados

Four Seasons Residences, Clearwater Bay, Barbados A slew of new projects in Barbados, including at Four Seasons, Beachlands, Cost-U-Less and Fort Ferdinand, could mean a big boost in foreign investment in Barbados, according to Minister of Finance Chris Sinckler. “People […]

Investors Consider $3 Million Shipwreck Museum in Grand Bahama

Looking to take advantage of the vast number of shipwrecks in Bahamian waters, a $3 million joint venture could mean a priceless-artifact museum in Grand Bahama. “The clock is ticking at the moment,” said Thomas Dean, the attorney representing the […]

Cayman Passes Changes to Companies Law

Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills — the Securities (Amendment) Bill and the […]

World Bank: Jamaican Crime Reduction Could Mean 5 percent Increase in Growth

If Jamaica can reduce its crime rate to the level of Costa Rica, it could see a 5.4 percent increase in gross domestic product, according to the World Bank’s World Development Report for 2011. “Indirect costs — associated with stress […]

Jamaican Government Temporarily Cuts Fuel Taxes, Staves Off Protest

Minister of Finance and Public Service Audley Shaw The Jamaican Government temporarily reduced the ad valorem tax on petrol from 15 percent to 10 percent yesterday, with the cut set to take effect Thursday. The move came after threats of […]

A New Beginning for the End of the World

At the edge of the Atlantic and the farthest boundaries of the Bahamas, in a small bar off Queen’s Highway, roamed the ghosts of presidents, outlaws and writers. But after years of neglect, even Ernest Hemingway couldn’t get a drink […]

New York Lawyer Contributes to Save Belize’s Mesoamerican Reef

Sir Thomas Moore, a lawyer in New York and longtime supporter of ocean renewal, donated $100,000 to help completely end all forms of trawling in Belize. Moore made the contribution as part of the Christie’s Green Auction last week. The […]

Editorial: A New Destiny for Haiti?

Above: Michel Martelly A Caribbean Journal Editorial Haiti has always been surrounded by volatility, a frequent, unfortunate victim in the Caribbean sea – all too often abused, both by its own leaders, and those from abroad. Its former dictator, Francois […]

Bahamas Completes BTC Sale

The government of the Bahamas has completed a 51 percent sale of the Bahamas Telecommunications Company to British firm Cable and Wireless Communications, Prime Minister Hubert Ingraham announced today in a statement. The deal was the subject of a great […]

Jamaica to Tap Chinese Coffee Market

The Jamaican Government is moving to broaden the market of Jamaica’s high-end Blue Mountain Coffee, as the first 16,500 kilogram shipment of Jamaican green bean coffee was sent off on its way to Hangzhou, China. Last year, the Hangzhou Coffee […]

Interview with Damien Cave, the New York Times’ Caribbean Correspondent

Damien Cave covers Mexico, Central America and the Caribbean for the New York Times based out of Mexico City. Cave has told the stories of some of the world’s most challenging events, from the war in Iraq to the earthquake […]

Guyana, China Agree on Infrastructure, Healthcare Projects

China’s Assistant Commerce Minister, Li Rongcan and Guyana’s Foreign Minister, Carolyn Rodrigues-Birkett Guyana and China signed agreements yesterday on a series of projects, including transportation, health care and cultural-related initiatives. Guyana’s Foreign Minister, Carolyn Rodrigues-Birkett, Finance Minister Ashni Singh and […]

Bahamas Looking to Capitalize on “Billion-Dollar” Shipwreck Industry

The Bahamian government is looking to cash in on what, according to experts in Florida, could be a billion-dollar industry with an amendment to the country’s Abandoned Wreck Act. “We are being told it could be a billion-dollar industry if […]

Jamaica, Barbados Meet to Discuss Alleged Incident at Grantley Adams Airport

Grantley Adams International Airport A five-member Jamaican delegation will meet with officials from Barbados today to talk about the alleged incident March 14 in which Jamaican national Shanique Myrie claimed she endured two demeaning cavity searches by a female immigration […]

Andrew Humphries on the Four Seasons Nevis Reopening and Caribbean Expansion

After Hurricane Omar hit the island of Nevis and closed the Four Seasons Nevis for over two years in 2008, the resort celebrated its reopening in December 2010, and, more recently, its 20-year anniversary. Caribbean Journal talked to Andrew Humphries, […]

Ingraham Leads Bahamian Investment Delegation on Canada Visit

A Bahamian delegation of public officials and private investors led by Prime Minister Hubert Ingraham is on its way to Canada to find opportunities for investment in the country, Ingraham announced Friday at a press conference. “I don’t want to […]

Jamaica Complains to CARICOM on Alleged Barbados Immigration Incident

The Jamaican Government will raise the issue of an alleged mistreatment of a Jamaican woman by Barbados customs officials, Foreign Affairs Minister Ken Baugh announced. Jamaican national Shanique Myrie claims she was subjected to two demeaning cavity searches, along with […]

Montserrat Ready for New Constitution

As of Sep. 1, Montserrat’s new constitution will go into effect, according to the island’s Chief Minister, Reuben Meade, after five years of debate. “We recognize that many persons would have liked to see more radical changes,” he said. “However, […]

Cayman, IRS Meet on U.S. Foreign Tax Compliance Statute

Cayman Premier McKeeva Bush Cayman Islands Premier McKeeva Bush led a Cayman delegation to meet with the United States Internal Revenue Service’s Deputy Commissioner, Michael Danilack, along with other senior officials to discuss implementation of the Foreign Account Tax Compliance […]

Jamaican MPs, Amending Constitution, Pass Charter of Rights

Prime Minister Bruce Golding and Opposition Leader Portia Simpson-Miller Jamaica’s Parliament passed the long-debated Charter of Rights Bill yesterday, which has been discussed for nearly two decades. The new charter, which will replace Chapter III of the Jamaican Constitution, was […]

Nassau’s Graycliff: A Caribbean Mecca Becomes a Luxury Empire

On a quiet street in Old Nassau, a 17th-century manor is the home of one of the Caribbean’s most vibrant entrepreneurial spirits. Owner Enrico Garzaroli has turned the former mansion of pirate John Howard Graysmith into a global brand, with […]

Minister Vincent Vanderpool-Wallace on Bahamian Tourism, Part 2

By Alexander Britell Earlier this month, we talked to Bahamas Minister of Tourism and Aviation Vincent Vanderpool-Wallace about what trends he had seen in the past few years for Bahamian tourism. We followed up with Minister Vanderpool-Wallace to find out […]

Richard Lightbourn Talks Bahamian Law, the Privy Council and Foreign Investment

By Alexander Britell Richard Lightbourn is a partner at McKinney, Bancroft and Hughes, the landmark Nassau law firm. Current Prime Minister Hubert Ingraham was a law clerk at the firm, and his predecessor, Perry Christie, committed his pupilage at the […]

Turks Governor: “Tough Decisions” Ahead

Gordon Wetherell, Governor of Turks and Caicos, said there were “tough decisions” ahead for the territory, as the United Kingdom seeks to execute a financial support package for the archipelago, which saw its constitution suspended in 2009 after a series […]

Cancun, Punta Cana and Now Antigua. Royalton CHIC Just Opened Its Newest Resort.