BRIDGETOWN, Barbados — The Director of Creatives and Diaspora at the Cairo-based Africa Export-Import Bank (Afreximbank), Temwa Gondwe, says there is potential for the financial institution to invest in film production, music, fashion and sports in the Caribbean.
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PORT OF SPAIN, Trinidad – Prime Minister Kamla Persad Bissessar says the state-owned Caribbean Airlines (CAL) does not operate a single profitable route and has given the management of the airline two years to get the company’s financial house in order or face the sack.
PARAMARIBO, Suriname – Suriname's government says it will not enter into a new agreement with the International Monetary Fund (IMF) similar to the one that had been successfully implemented by the Santokhi government.
GEORGETOWN, Guyana – The Guyana Sugar Corporation (GuySuCo)says it will be meeting with representatives of the Guyana Agricultural and General Workers Union (GAWU) on for Thursday as it seeks to address the long-standing issue of wage and salary “bunching” within the sugar industry.
PORT OF SPAIN, Trinidad – The Energy Chamber of Trinidad and Tobago says while the energy sector is the major contributor to national income, contributing on average 30-40 per cent of gross domestic product (GDP), it only employs on average two percent of the national workforce or around 12,700 people.
PORT OF SPAIN, Trinidad – The Vice President of Global Exploration at ExxonMobil Upstream Company, John Ardill, Tuesday said Trinidad and Tobago could replicate the success of Guyana as the two countries continue to explore their gas and energy sector.
WASHINGTON, DC – The Inter-American Development Bank (IDB) has approved a US$43.9 million grant to expand support for over 200,000 vulnerable youth between the ages of 15 and 35 in Haiti, with a focus on young returnees and those not in education, employment, or training (NEET).
PORT OF SPAIN, Trinidad - The Energy Chamber of Trinidad and Tobago is congratulating the state-owned NGC Group on returning to a profitable position, saying the company Group plays an extremely important role in the energy sector.
KINGSTON, Jamaica – The Jamaica economy is expected to grow within a two to three percent range during the period July to September this year, the Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, has said.
ST. GEORGE’S, Grenada – The Grenada government revenue and grants for the first half of this year, declined by EC$112.6 million as compared to the same period last year, according to data released by the Ministry of Finance.
BRIDGETOWN, Barbados – The Development Bank of Latin America and the Caribbean (CAF) Monday provided a US$225,000 grant to bolster cultural tourism and the creative industries as Barbados prepares to host the Caribbean festival of Arts (CARIFESTA XV), the region’s premier arts and cultural festival.
BRIDGETOWN, Barbados – The senior financial sector specialist at the World Bank, Nicholas Smith, Tuesday said Caribbean countries are lacking in the implementation of fast payment mechanisms that have proven to be a major breakthrough in business transactions globally.
GEORGETOWN, Guyana – Guyana's government on Friday said that the first oil has been achieved from the One Guyana Floating Production, Storage and Offloading (FPSO) vessel, the country’s fourth offshore development within the prolific Stabroek Block.