Business

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China to provide US $2 billion for regional co-financing fund

IDB and People’s Bank of China approve fund to support public and private sector projects that promote sustainable economic growth in Latin America and the Caribbean.
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Suriname keeps out Republic Bank

A strategic partnership between Suriname’s Hakrinbank and Republic Bank has fallen through as the state refuses to sell its shares to the Trinidadian bank....
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Ex-Cayman premier charged on 11 counts

Former premier of the Cayman Islands McKeeva Bush has been charged in a corruption investigation....
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Sagicor acquires British American operations in eastern Caribbean

Over 15,000 former BAICO policyholders get policies recapitalized as the sale of the BAICO’s traditional life insurance business to Sagicor is finalized. ...
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St George’s University could be up for sale

Owners of the Grenada-based private university reportedly hoping to fetch more than US$1 billion from its sale....
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USVI appeals to CARIFORUM in rum dispute

United States Virgin Islands governor sends letters to the leaders of Antigua and Barbuda, St Vincent and the Grenadines, Grenada, St Kitts and Nevis, Dominica, and St Lucia appealing for pan-Caribbean unity....
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New Grenada government to deliver "holding budget" in mid April

Economic Development Minister Oliver Joseph said that the new government which came to power on February 19 has already started work on developing a new economy for the island....
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Grenada default has negative implications for ECCU - Moody's

The Wall Street-based Moody’s Investors Service said Grenada’s default has “systemic implications for the ECCU through two channels, financial and institutional”....
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Tax evasion costing Bermuda millions

Bermuda government promising to go after those who owe it US$85 million in unpaid taxes....
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Grenada latest Caribbean country to restructure debt

Grenada called on creditors to restructure US$193 million of bonds ahead of a coupon payment it was supposed to have made on Friday....
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Jamaica to make funds available to troubled financial institutions

In February, the Portia Simpson Miller administration announced the introduction of Jamaica’s second debt exchange offer, as a prerequisite to the signing of a deal with the IMF....
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First Caribbean Export Week to be held

The Caribbean Export Development Agency looking to boost Caribbean’s export-led growth with regional week of activities starting March 17....
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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.”