Virgin Islands
A scholarship fund for Virgin Islands students received a $24,000 donation
from a financial services firm, the Rotary Club of Tortola said last week. The VI office of Rawlinson & Hunter donated the cheque to the club’s Henry O. Creque Educational Trust, the organisation stated in a press release. The scholarship fund now stands at $150,000, according to the release.
Region
Telecommunications provider Digicel announced last week that 2010 fourth quarter earnings were up $80 million over the same quarter last year. The results include all 32 of the company’s markets and indicate that earnings before taxes, interest, depreciation and amortisation have reached more than $240 million — a record, the company said in a press release. The company now claims 11.5 million subscribers worldwide.
Bahamas
Contractors broke ground last week in Nassau, Bahamas on Baha Mar, a $3.4 billion resort, gaming and entertainment complex, company officials said. The 1,000-acre compound will include several hotel brands and a total of 2,250 new rooms, creating the largest convention centre in the Bahamas, according to a company press release. The project will also include a 20-acre water park, an 18-hole golf course and a 100,000-square-foot casino.
St. Vincent and the Grenadines
The International Monetary Fund approved a $3.26 million loan to the St. Vincent and the Grenadines government to help the country recover from last year’s Hurricane Tomas, the IMF said Tuesday. An IMF press release said the loan will carry a zero percent interest rate until the end of the year and is targeted toward low-income countries.