The Caribbean Development Bank and the government of Guyana have launched a $30.9 million “sea and river defence project” that is designed to improve the country’s irrigation and drainage infrastructure.
April 20, 2016
April 20, 2016
Business Briefs (April 21, 2016)
STEP conferenceThe 2016 Society of Trust and Estate Practitioners Caribbean Conference will be held in St. Lucia from Monday to Wednesday.
April 13, 2016
DR has deported at least 14,000 Haitians since last June
Last June in the Dominican Republic, an estimated 200,000 people of Haitian descent became illegal residents when a deadline passed for them to apply for DR citizenship.
April 13, 2016
As closure looms, resort holds job fair
About 300 Rosewood Little Dix Bay employees will need to find new jobs when the resort temporarily closes on May 1 for an 18-month renovation project, but some of them …
April 7, 2016
In 2015, new incorporations hit 12-year low
The financial services industry had its worst year in more than a decade in 2015 in terms of new company incorporations, with only 44,752 new entities forming, according to the …
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April 7, 2016
Minister: NHI is spiking health care demand
Before legislators passed government’s 2016 budget last week in the House of Assembly, Health and Social Development Minister Ronnie Skelton provided an update on how the National Health Insurance system …
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April 7, 2016
PR bond rates spike amidst debt moratorium law
The latest chapter in Puerto Rico’s debt crisis saga occurred yesterday when legislators there passed a bill giving PR Governor Alejandro Garcia Padilla the power to temporarily suspend debt payments …
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August 19, 2015
DR starts deportations amidst criticism
The Dominican Republic deported five more people of Haitian descent on Saturday, continuing a recently enacted policy of deporting undocumented residents, according to news reports.
August 19, 2015
Businesses to get disaster response training
The Department of Disaster Management is partnering with a United States-based foundation to facilitate a disaster recovery workshop for members of the Virgin Islands business community, DDM announced last week.
August 19, 2015
Bye, Biwater
Although Biwater has sold the operating rights to the desalination plant in Paraquita Bay, there won’t be major changes to the Virgin Islands’ water distribution network once the new supplier …
August 13, 2015
Tradewind expanding motorcycle, dirt bike supplies
Despite the dozens of scooters, dirt bikes, and motorcycles seen buzzing about daily in the Virgin Islands, it can be difficult to find new bikes for sale in the territory.
August 13, 2015
Non-stop service from NY to start in Dec.
The St. Kitts Tourism Authority announced on Monday that United Airlines will soon offer a non-stop service from its New York hub at Newark Liberty International Airport to St. Kitts, …
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August 13, 2015
Business Briefs (August 13, 2015)
SSB CONTRIBUTIONS The Social Security Board announced this week that it is increasing the maximum amount of earnings that can be subject to social security taxation by about 2.1 percent, …
April 29, 2015
Bank warns of Puerto Rico gov’t shutdown
The Puerto Rican government is running perilously low on cash and may shut down within the next three month, finance officials have warned.
April 29, 2015
VG resort signs training agreement with gov’t
Government officials and representatives of a major Virgin Gorda resort have signed a training agreement that will see Virgin Islanders receive additional education and training in hospitality.
April 29, 2015
Committees formed to steer financial services diversification
A 10-iniative government plan to diversify and shore up the territory’s financial services industry is well on the way to being implemented, officials said last Thursday.
April 22, 2015
Showing off Virgin Gorda’s art
With a paintbrush in her small hand and her eyes focused on the piece of refurbished wood in front of her, 8-year-old Kaedia Hodge spent her Saturday afternoon helping her …
April 22, 2015
Gov’t creates FATCA reporting system
The Virgin Islands government has created an Internet-based reporting system to help the territory’s banks, trust companies and other financial institutions comply with their obligations under a United States tax …
April 22, 2015
St. Lucia begins testing geothermal energy potential
St. Lucia may soon be able to generate half of its energy needs through a geothermal plant officials would like to build on the Soufriere Hills volcano.
April 16, 2015
US to remove Cuba from terror list
The United States government will remove Cuba from its list of state sponsors of terrorism, which could pave the way for further strengthening diplomatic relations.
April 16, 2015
Customs auction to be held Saturday
At 9 a.m. on Saturday, the Customs facility at the Port Purcell dock will resemble a giant community yard sale except that everything will be available to the highest bidder.
April 14, 2015
Boat show expands to three days
Following a successful launch on Scrub Island last year, organisers of the BVI Exquisite Boat Show are planning to expand the event and move it to Village Cay, they said …
April 8, 2015
Slowly, VG businesses expanding
On any given weekday, hundreds of tourists and residents disembark from boats at the Spanish Town Ferry Terminal.
April 8, 2015
LIME parent buys regional telecom
Cable & Wireless, the London-based parent company of Virgin Islands telecommunications firm LIME, has completed a $1.85 billion acquisition of its major Caribbean competitor, the Barbados-based Columbus International Inc.
April 8, 2015
Indebted Puerto Rican utility set for restructuring
The heavily indebted Puerto Rican Electric Power Authority (PREPA) has received a reprieve from creditors that will give it until Wednesday to unveil a log-awaited restructuring plan.