PanJam and Portland Private Equity Announce Acquisition of Minority Stakes in itelbpo
- Nov 16, 2019 - 2:30:20 PM
PanJam Investment Limited (PanJam) and Portland Private Equity
(Portland) announced today that they have entered into an agreement to
each acquire a 15 per cent ownership stake in Outsourcing Management
Limited (OML), which trades as itelbpo.
itelbpo was founded in
2012 in Montego Bay with a team of seven. Now, it is the region’s
largest, home-grown business process outsourcer, with operations in
Jamaica, the Bahamas, Mexico and the United States...
Marv Cunningham is the Caribbean’s Angostura® Global Cocktail Challenge Winner
- Nov 15, 2019 - 3:42:47 PM
talented Marv Cunningham from Bahamas has won the Caribbean Regional
leg of the Angostura® Global Cocktail Challenge 2019. Marv was up
against 5 other top bartenders in an intense competition.
made two cocktails in just seven minutes: His Amaro Cocktail using
Amaro di ANGOSTURA® was called “Amaro Bank Burst” and his “Rum Cocktail”
using Angostura’s® 7-year rum and ANGOSTURA® aromatic bitters and
ANGOSTURA® orange bitters was called “Mas Curried”...
Caribbean Ipa’s to make investment opportunities more attractive to foreign investors
- Nov 14, 2019 - 9:17:58 PM
The packaging and promotion of any product or service is critical to
attract customers and gain sales. The same is true for investment
opportunities. The Caribbean Export Development Agency (Caribbean
Export), in partnership with the Caribbean Association of Investment
Promotion Agencies (CAIPA) and the United Nations Industrial Development
Organisation (UNIDO) recently hosted a training workshop in the British
Virgin Islands (BVI) focused on improving the quality of investment
project information to make them more attractive to potential investors...
PanJam Reports Third-Quarter 2019 Profit of $2.5 Billion
- Nov 14, 2019 - 11:36:23 AM
PanJam Investment Limited (PanJam or the Group) increases profit levels and announces strategic investment.
profit attributable to stockholders for the quarter ended September 30,
2019 amounted to $2.5 billion, up from $1.9 billion for the same period
in 2018. Earnings per stock unit for the quarter were $2.38. For the
nine months ended September 30, 2019, net profit attributable to
stockholders amounted to $6.4 billion...
3.5 million BBD to Support Firms to Export and Grow
- Nov 14, 2019 - 9:00:10 AM
The Caribbean Export Development Agency (Caribbean Export) in
cooperation with the European Union has awarded over $3.5M BBD (€1.5M)
under their 2nd Call for Proposals for the Direct Assistance Grant
Tourism Satellite Account to assess impact on local economy
- Nov 13, 2019 - 12:50:46 PM
The Ministry of Tourism, Information and Broadcasting, Culture and
Creative Industries is currently working with the Department of
Statistics to conduct a Tourism Satellite Account (TSA) study to assess
the economic impact of tourism on the local economy. Private Sector
firms directly impacted by tourism are encouraged to participate in the
island-wide economic survey which was launched in September 2019.
an official report to be prepared by April 2020, the aim is to develop
government policies and sectoral initiatives that are better geared
towards improving competitiveness and overall development of the sector
that are directly linked and dependent on the Tourism Industry...
St. Thomas named best Caribbean Cruise destination
- Nov 12, 2019 - 9:15:53 PM
St. Thomas has been named the number one cruise destination in the Caribbean.
"Best Caribbean Cruise Destination" honor was bestowed upon the island
by Porthole Cruise Magazine's readers in its 21st Annual Readers' Choice
Awards, the results of which are published in the November/December
Bolstering the region’s readiness in multi-hazard early warning systems policy and practice
- Nov 12, 2019 - 3:52:48 PM
Over the last 15 years in the Caribbean, there have been observed
improvements in early warning systems (EWS). However, one area requiring
improvement is the governance framework including a national
multi-hazard early warning systems (MHEWS) policy. To this end, a draft
model national multi-hazard early warning systems policy and adaptation
guide was developed and is being validated at a workshop in Saint Lucia
on November 12, 2019.
Specifically, the workshop aims to present
and obtain feedback on the draft model national MHEWS policy and
adaptation guide and to agree on the steps for enhancement and piloting
the adaptation of the draft policy...
St. Lucia Prime Minister Allen Chastanet to Address Global Citizenship Conference
- Nov 12, 2019 - 2:35:42 PM
Prime Minister Honourable Allen Chastanet will on November 13th 2019
address the 13th annual Global Citizenship Conference hosted by Henley
& Partners in London. The Prime Minister will speak on the topic of
Saint Lucia’s Citizenship by Investment Programme, including due
diligence and the island’s tourism and real estate markets.
Minister Chastanet will also be part of a panel discussion on
“Citizenship by Investment on the World Stage” which will also feature
Prime Minister of Malta Hon Dr. Joseph Muscat, Prime Minister of
Montenegro H.E. Dusko Markovic, Prime Minister of the Republic of
Albania H.E. Edi Rama and Prime Minister of Antigua Hon. Gaston Browne...
Caribbean conference features Bahamian panelists on compliance leadership and strategic communications
- Nov 11, 2019 - 11:20:42 AM
Bahamian panelists highlight risks of disruptions in the financial
services industry and provide tips to manage change through strategic
communications and compliance leadership at the 13th annual Caribbean
Regional Compliance Association (CRCA).
professionals focused on disruptive risks impacting their industry
during a panel discussion with Tanya McCartney, CEO of the Bahamas
Financial Services Board...
Salada Foods Jamaica brews the right connection with Diaspora in Florida
- Nov 8, 2019 - 9:34:43 AM
As of October 1, 2019, Salada Foods Jamaica stands as the official hot
beverage partner of the Consulate General of Jamaica - Miami. Salada
Foods will provide complimentary coffee and teas to Jamaicans renewing
visas and utilizing other critical services offered by the Consulate.
This collaboration sanctioned by Consul General for Miami R. Oliver Mair
will see Salada Foods bringing a taste of home to Jamaicans ‘far from
“South Florida is considered the fastest-growing region of Jamaicans compared to any in the Diaspora...
Saint Lucian triple jumper takes aim at Tokyo 2020
- Nov 6, 2019 - 3:10:46 PM
Sandisha Antoine is celebrating her 28th birthday in a very unfamiliar
place. She is uncertain, perhaps a little bit scared, and indubitably
very excited about what lays ahead for one of Saint Lucia's genuine
She was just 15 years old when she set her first Saint
Lucia national record. Her mark of 12.11 metres was enough to win her
silver in the under-17 girls triple jump at the 36th CARIFTA Games on
Providenciales, Turks and Caicos Islands. Chantel Malone of the British
Virgin Islands, the gold medallist that day...
Fashion Accelerator Workshop prepared designers for export
- Nov 6, 2019 - 11:35:31 AM
Regional fashion designers who participated in the Caribbean Fashion
Accelerator pt2 programme had nothing but praise for the intense
training they received.
They shared their thoughts at the
recently concluded International Fashion Festival (IFF), held at the
Hilton Barbados Resort, where they showcased runway grabbing designs.
Collectively, they said the experience helped to sharpen their technical
skills and exposed them to international standards...
Caribbean's Tourism growth rate more than double global average
- Nov 6, 2019 - 11:05:53 AM
Tourist arrivals to the Caribbean increased by a solid 9.7 percent
during the first half of 2019, when compared to the same period last
year, the Caribbean Tourism Organization (CTO) revealed today.
the media at a news conference at World Travel Market this morning, the
CTO's chairman, Dominic Fedee, said this performance was more than
double the global average of 4.4 percent.
Caribbean's largest tourism marketing event on track for The Bahamas
- Oct 29, 2019 - 11:45:48 PM
Citing the new tourism offerings in The Bahamas and throughout the
Caribbean and the opportunity to showcase the nation of islands to the
travel world following Hurricane Dorian, the Caribbean Hotel and Tourism
Association (CHTA) reaffirmed that all systems are go to bring the
region's largest and longest-standing tourism marketing event to The
Bahamas January 21 to 23, 2020.
The 38th Caribbean Travel
Marketplace (CTM) will bring together hotel and destination
representatives as well as other tourism providers; wholesalers and tour
operators; online travel agencies...
The Government of Saint Lucia provides further VAT Relief to local manufacturers
- Oct 29, 2019 - 6:05:11 PM
The Government of Saint Lucia continues to provide tax relief to the
business sector, this time targeting local manufacturers. Prime Minister
Honourable Allen Chastanet moved a Motion in the House of Assembly on
Tuesday October 29th for an amendment to the Value Added Tax Act to Zero
Rate the service of printing.
In introducing the Amendment, the
Prime Minister explained: “Educational supplies as defined under the
Value Added Tax Act, Cap 15.42 (VAT Act) including newspapers...
Saint Lucia Latest Issue: Road Improvement and Maintenance A Priority
- Oct 28, 2019 - 12:30:35 PM
The Government of Saint Lucia has made the rehabilitation of roads and
bridges, the construction of new roads and potholing, the construction
of footpaths and pathways, a major priority over the last three
years.The Ministry of Infrastructure, Ports, Energy and Labour is the
Ministry spearheading the efforts, recently unveiling The Road
Improvement and Maintenance Program (RIMP).
The Government has also pursued a number of other road interventions
through the Disaster Vulnerability Reduction Project (DVRP) and the
Constituency Development Program (CDP). The idea is to improve the
overall road network in Saint Lucia...
Belize to host the 6th Biennial CAJO Conference
- Oct 28, 2019 - 11:30:56 AM
The 6th Biennial Caribbean Association of Judicial Officers (CAJO)
Conference will be held during the period October 31st- November 2nd at
the Biltmore Plaza Hotel, Belize City, Belize. The Conference will be
held under the theme “Judicial Integrity – The Pathway to Public Trust
and Confidence”. Interim Chairman of CAJO, and Judge at the Caribbean
Court of Justice (CCJ), the Honourable Mr Justice Peter Jamadar stated
“this year’s Conference promises to surpass the expectations of