PARAMARIBO, Suriname - The Malaysia based Petroliam Nasional Berhad (Petronas) says it plans to drill four new oil wells in Suriname which are expected to lead to further production developments later this year, the state-owned Communications Service Suriname (CDS).
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PARAMARIBO, Suriname – President Jennifer Geerlings-Simons says her administration is focusing on increasing foreign exchange earnings from the gold sector and plans to hold discussions with stakeholders in the sector next week.
WASHINGTON, DC - The International Monetary Fund (IMF) says reaping the post-pandemic tourism boom, Curaçao’s and Sint Maarten’s economies have been expanding strongly, driven by stayover tourists and construction activity.
BRIDGETOWN, Barbados - The second wider Caribbean Regional Risk Conference began here on Wednesday with regional countries being told economic instability is a channel through which global risks are transmitted and amplified, deepening their roots and cascading across the region.
SANTO DOMINGO, Dominican Republic – The Dominican Republic is set to host a historic milestone in its economic and logistical development with the arrival of Amazon as a Caribbean distribution hub.
KINGSTON, Jamaica – The Jamaica Chamber of Commerce (JCC) says any plans to increase the minimum wage must be “grounded in collaboration and transparency”.
NASSAU, Bahamas – The Central Bank of the Bahamas (CBB) says preliminary indications are that the domestic economy’s tempered pace of growth persisted during July, converging closer to its expected medium-term potential.
KINGSTON, Jamaica – The Jamaica Hotel and Tourist Association (JHTA) Tuesday said the ruling Jamaica Labour Party (JLP) government should hold consultations with key stakeholders before proceeding with its proposed move to double the national minimum wage.
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.
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.