Business

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Jamaica will face challenges meeting revenue target - analyst

Financial analyst, Dennis Chung, said the government must move to address the devaluation which will cause inflation and increase the country’s debt position.
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Jamaica seeks to reduce food import bill by US$300 million

Agriculture and Fisheries Minister said that thousands of acres of idle lands are available for production, and the Portia Simpson Miller government is determined to reduce the import bill....
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Caribbean to discuss US regulations at FATCA workshop

FATCA was signed into US law in 2010 and has the effect of designating financial institutions around the world, which receive US payments or deal with US clients as “Foreign Financial Institutions” (FFI’s)....
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Trinidad-Barbados gas pipeline construction to begin next year

Barbados expected to receive natural gas through the Eastern Caribbean Gas Pipeline by 2016....
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LIAT looking to High Court in Blackburn case

LIAT airlines has not accepted the unfair dismissal decision of the Antigua Labour Department regarding a former pilot and is now awaiting a High Court of Antigua decision....
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Some JSE listed entities could be facing big fines

Rule violations on the Jamaica Stock Exchange could cost some listed firms millions of dollars under amended rules....
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Cayman jobs for Caymanians law passed

Cayman government adopts protectionist stance with law that provides for Cabinet to designate certain positions, jobs, types of work or business areas as the sole purview of Caymanians....
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CariCRIS lowers credit rating of Barbados

The Caribbean’s only credit rating agency has downgraded Barbados’s credit rating due to its below-par economic performance and lack of improvements in fiscal performance....
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Smoothie Factory coming to the Caribbean

Texas-based Smoothie Factory signs master franchising agreement to develop in the Caribbean region with first stores to open in the Cayman Islands....
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Downturn does not dampen record-level Ansa McAL earnings

Trinidadian conglomerate Ansa McAL posts revenue of TT$5.9 billion for 2012, the highest in the group’s history....
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Barbados must find ways to increase foreign exchange earnings - Worrell

Central Bank Governor Dr. DeLisle Worrell said that Barbadians can and must grow the local economy, in order to continue the improvement in the quality of life for its citizens. ...
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Former pilots’ union leader wins against LIAT

Antigua Labour Department agrees that LIAT unfairly dismissed Captain Michael Blackburn....
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Caribbean Development Bank signs US$20M loan agreement with IDB for small Caribbean economies

The CDB will on-lend the funds for the financing of public sector projects in Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines.
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Alert, attentive and active citizenry keeps governments honest

The former finance minister of The Bahamas said: "Winning elections only matters if the governing that follows progresses the nation."
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World Bank says Caribbean to be among areas dominating global investment

Report predicts that by 2030, half the global stock of capital will be in the developing world, with countries in East Asia, Latin America and the Caribbean accounting for the most.
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First Citizens Investment Services receives award for service excellence

The St. Lucia-based investment company is the sister firm of First Citizens Investment Services (Barbados) Ltd., and of First Citizens Bank, which opened its doors in Barbados in 2012.
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“New record high” of foreign direct investment in Caribbean - ECLAC

ECLAC predicts that this year's FDI inflows to the region will range between a fall of three per cent and a rise of seven per cent.
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Salary increases on the way for St Lucia public servants

Government said that the increase will be a one per cent in the first year followed by a 1.5 per cent hike for the remaining two years.
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LIAT to present legal opinion summary to Trinidad prime minister

The shareholder governments have complained that the Port-of-Spain subsidy to CAL is a violation of the Revised Treaty of Charguaramas that governs the regional integration movement.
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Caribbean Airlines records estimated losses of US$70m

Caribbean Airlines, which began operations in 2007, acquired Air Jamaica in 2011. The Jamaican Government has a 16 per cent stake in the Trinidadian air carrier.
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Caribbean governments need to modernize tax system - study

The study argues that taxation is largely viewed in the region as a means of generating income to pay governments’ bills, rather than as a valuable instrument to achieve important development goals.
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St Lucia budget aims at reducing subsidies on basic food commodities

Prime Minister Dr. Kenny Anthony told legislators that the budget, which he described as “realistic” and meeting the socio-economic challenges of the country “head on.”