Economic opportunities are expected to abound for Jamaica through the establishment of a multibillion-dollar ship repair and maintenance facility in the country. Called the German Ship Repair Jamaica (GSRJ) Shipyard, the project will provide dry docking (lifting the ship out of the water) for commercial vessels up to 20,000 tons and a range of maintenance and repair services to vessels […]
President of the Caribbean Development Bank (CDB), Dr. Gene Leon, has called on regional governments to address the Caribbean’s transportation issues. Dr. Leon says the absence of airlifts in some areas has seriously hampered trade and commerce. He noted that intra-regional transport declined by as much as 50 percent between 2008 and 2018. In the Eastern Caribbean, he said the […]
Growth in Latin America and the Caribbean is expected to decelerate sharply in 2023. The World Bank projects GDP in the region to increase by 1.3 percent before recovering somewhat to 2.4 percent in 2024. The multilateral agency says the slowdown reflects efforts by monetary authorities to reduce inflation and spillovers from a weak global outlook. The bank says sluggish […]
According to a Reuters’ report, the government of the Caribbean twin island Republic Trinidad and Tobago has asked the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the country. Under U.S. sanctions, companies and governments must obtain authorization from the U.S. Department of Treasury to do business with the Venezuelan state-run oil company PDVSA. […]
German-owned three-star low-cost airline, Eurowings, has canceled all its flights to the Caribbean. Chief Executive Officer of the Barbados Tourism Authority, Dr. Jens Thraenhart, in confirming the departure of the German airline, said the news was communicated to the region last week. He said Eurowings reassigned the planes that were scheduled to come to the region to North America, which […]
Minister of Tourism, Hon. Edmund Bartlett, is again calling for the implementation of a Caribbean visa regime that will allow for ease of movement within the region for tourist purposes. “We are going to have to decide if we are going to create freedom of movement within the Caribbean, and in doing so, are we going to establish a special […]
While calling for the implementation of a single-use visa for visitors, Minister of Tourism, Hon. Edmund Bartlett has reiterated that partnership and the implementation of a multi-destination tourism framework, are necessary to boost the recovery of tourism in the Caribbean. Addressing the “first ever Caribbean Saudi Arabia Summit” in the Dominican Republic today (July 7), Minister Bartlett stressed that “as […]
Barbados has the most expensive gasoline in the Caribbean and Latin America and the 11th most expensive in the world. According to globalpetrolprices.com, the leading provider of data on global fuel prices, as of July 4, Barbadians were paying an average of US$2.34 for gasoline, which is higher than places such as the UK, Switzerland, Singapore, Ireland, and Sweden. Among […]
International Monetary Fund (IMF) Caribbean Member Countries are being encouraged to lead take-up of the institution’s multibillion-dollar Resilience and Sustainability Trust (RST). The RST is aimed at helping countries build resilience against external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability. Managing Director, Kristalina Georgieva, said that Caribbean countries are ideally positioned to tap into […]
Cricket West Indies (CWI) has announced that Hayley Matthews has been appointed as the West Indies Women’s Captain. Matthews, who is one of the leading all-rounders in world cricket, will assume the leadership role from Stafanie Taylor ahead of the next West Indies Women’s Series, expected to be played later this year. Taylor, the most successful female player in West […]
