Business

The Outlook for the Hotel Business in the Dominican Republic

USVI “Resumes Business” After Tropical Storm Karen

By the Caribbean Journal staff The USVI has “resumed business” following the passage of Tropical Storm Karen, officials said Wednesday. While the storm brought heavy rainfall to the trio of islands, it “had little to no impact on the territory’s …

Interjet Has Big Plans in Cancun

By Dana Niland CJ Contributor Mexico-based Interjet Airlines is in the midst of a significant expansion push. The airline said it woulld be expanding overall service through its Mexico City hub by 40 percent and officially establish Cancun International Airport …

Hyatt Regency Trinidad Completes “Extensive” Renovation

By the Caribbean Journal staff One of the Caribbean’s leading business hotels has completed an “extensive,” four-phase renovation project. The Hyatt Regency Trinidad in Port of Spain has officially debuted its new look, following upgrades to the property’s guest rooms, …

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Here’s How U.S. Law Applies To Any Company Doing Business In Cuba

By some estimates, when Cuba transitions to a market-oriented economy and resolves its various disputes with the U.S., the island nation will require more than $50 billion of investment to modernize its economy. Recent improvements in U.S.-Cuba relations have opened …

Doing Business in the Caribbean 2016

By Paul Hay CJ Contributor Doing Business 2016: Measuring Regulatory Quality and Efficiency is the 13th in the long-standing series of co-publications by the World Bank and International Financial Corporation (IFC). This annual report on the ease in doing business …

A New Hotel Is Coming to St Lucia

St Lucia’s room stock will get a boost this year with the debut of the new HarborClub [sic] on the Rodney Bay Marina, according to the Saint Lucia Tourist Board. The 115-room hotel will include two restaurants, lounges, a full-service …

Dominica “Open For Business”

By Dana Niland CJ Contributor Dominica is “open for business” and ready to welcome visitors to its shores, according to the country’s Minister for Tourism and Urban Renewal, Robert Tonge. This announcement came at a recent press briefing in which …

What International Business Means to Barbados’ Economy

By the Caribbean Journal staff Barbados needs to appreciate the value of its international business sector, according to the country’s Prime Minister. And Prime Minister Freundel Stuart is warning against undervaluing the country’s international business sector, saying that it “continues …

New Fund to Bridge Caribbean Agriculture and Climate Change

The crossroads of business and climate By Dana Niland CJ Contributor The Inter-American Development Bank (IDB) has approved the $5 million Climate-Smart Agriculture Fund for Latin American and the Caribbean (CSAF), which aims to incentivize private sector investment in projects …

Grenada Launching Business Grants for Innovators, Entrepreneurs

Above: Grenada (CJ Photo) By Gerard Best CJ Contributor Innovators and entrepreneurs in Grenada will soon benefit from a suite of new grant funding opportunities. The Grenada Ministry of Communications, Works, Physical Development, Public Utilities, ICT and Community Development will …

Why Jamaica Needs a Long-Term View

By Dennis Chung CJ Contributor Recently, I said to someone that one of the challenges Jamaica has as a country is that we are too focused on immediate gratification, and not on the long-term effects of our actions. As a consequence, …

The Best Business Hotels in Trinidad

When US Vice President Joe Biden and Chinese President Xi Jinping visited the Caribbean, they both went to Trinidad. That’s because over the years the country has become the de facto business capital of the region, led by its booming …

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 …

Accelerating Entrepreneurship in St Vincent and the Grenadines

Above: St Vincent (CJ Photo) By Gerard Best CJ Contributor Entrepreneurship is getting a boost in St Vincent and the Grenadines. Businesses in Saint Vincent and the Grenadines have until April 3 to apply to provide incubation services to entrepreneurs, …

Jamaica: “Significant Improvement” in Business, Consumer Confidence

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is seeing a “significant improvement” in both business and consumer confidence, according to the International Monetary Fund, which recently visited the island. According to Jan Kees Martijn, who let the …

Jamaica Launches Cybersecurity Strategy

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has officially launched a new “cybersecurity strategy” for the island. The strategy was launched at a ceremony at the Jamaica Pegasus Hotel in New Kingston earlier this week. The strategy …

Why Caribbean Business Needs Reform

By Paul Hay CJ Contributor Doing Business 2015: Going Beyond Efficiency is the 12th in the series of long-standing co-publications of the World Bank and International Financial Corporation which ranks the global competitiveness of nations annually. In this publication, 189 …

The Caribbean Glass Ceiling

By Marcia Forbes, PhD CJ Contributor Women Less than 5% of CEOs & 50 to 100 years for parity In its Jan. 2015 report, the International Labour Organization (ILO) announces a gaining momentum of women in business and management across …