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News : International : Caribbean News Last Updated: Nov 16, 2019 - 5:18:46 PM
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News : International : Caribbean News
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...
News : International : Caribbean News
Marv Cunningham is the Caribbean’s Angostura® Global Cocktail Challenge Winner - Nov 15, 2019 - 3:42:47 PM

The 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.

Marv 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”...
News : International : Caribbean News
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...
News : International : Caribbean News
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.

Net 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...
News : International : Caribbean News
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 Scheme (DAGS)...
News : International : Caribbean News
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.

With 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...
News : International : Caribbean News
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.

The "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 2019 issue...
News : International : Caribbean News
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...
News : International : Caribbean News
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.

Prime 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...
News : International : Caribbean News
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).

Caribbean compliance professionals focused on disruptive risks impacting their industry during a panel discussion with Tanya McCartney, CEO of the Bahamas Financial Services Board...
News : International : Caribbean News
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 yaad.’
“South Florida is considered the fastest-growing region of Jamaicans compared to any in the Diaspora...
News : International : Caribbean News
DCA provides assistance to Cabot St. Lucia and Invest Saint Lucia in bringing sustainable tourism development to Saint Lucia - Nov 8, 2019 - 9:00:17 AM

The Development Control Authority (DCA) is currently working with the Cabot St. Lucia Inc. team and Invest Saint Lucia to ensure that their proposed touristic/residential development inclusive of a golf course proposed for the Cap Estate/Cas En Bas area is executed to the standards of the DCA and other sister agencies.

The development team met with officials from the DCA on Thursday 7th November, where discussions focused on the finalization of their designs...
News : International : Caribbean News
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 champions.

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...
News : International : Caribbean News
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...
News : International : Caribbean News
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.

Addressing 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.
News : International : Caribbean News
Caribbean Biodiversity Fund approves US$12 Million for Ecosystem-based Adaptation to Climate Change in 10 Caribbean Countries - Nov 5, 2019 - 6:00:13 PM

The Caribbean Biodiversity Fund (CBF) congratulates 11 organizations for their successful funding applications made under the CBF Ecosystem-based Adaptation (EbA) Facility’s 1st Call for Proposals. Grants totalling US$12 Million and ranging in size from US$ 260,000 to US$2 million will be provided for the implementation of EbA solutions within the marine and coastal zones of 10 Caribbean countries...
News : International : Caribbean News
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...
News : International : Caribbean News
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...
News : International : Caribbean News
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...
News : International : Caribbean News
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 attendees...
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