NASSAU, Bahamas – The government of The Bahamas says it has entered into a US$100 million agreement with the US-based Electra America Hospitality Group for the purchase of the Grand Lucayan resort.
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FLORIDA – As the tourism sector rebounds strongly from the near shutdown caused by the COVID-19 pandemic, the Caribbean Hotel and Tourism Association (CHTA) is calling on the region’s “bread and butter” industry to ramp up efforts to be adequately staffed to meet the impending surge of arrivals and continued growth.
WASHINGTON, DC – The International Monetary Fund (IMF) Tuesday said that the COVID-19 pandemic has had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real gross domestic product (GDP) and an increase in public debt to an unsustainable level of 133 percent of GDP.
NASSAU, Bahamas –The Bahamian economy exhibited a measured pace of recovery during 2021, the Central Bank of the Bahamas (CBB) has said.
KINGSTOWN, St. Vincent – The first cannabis consumption lounge in St. Vincent and the Grenadines opened late Friday at the Coconut Grove beach club, with people obtaining permits to buy cannabis products for a year, after an onsite consultation with a physician.
PORT OF SPAIN, Trinidad – The Jamaica-based manufacturer and distributor, Seprod, says it has reached an agreement to acquire AS Bryden & Sons Holdings, one of Trinidad and Tobago’s leading privately owned consumer products distributors.
BRIDGETOWN, Barbados – The British multinational automotive firm, Inchcape, says it has completed the acquisition of the 50-year-old Simpson Motors, five months after the locally-owned company had announced the merger of the three companies.
KINGSTON, Jamaica – The Jamaica Stock Exchange (JSE) has entered into a partnership with the Ghana Stock Exchange (GSE) allowing for the capital markets of the two countries to expand their products and services to investors.
BRIDGETOWN, Barbados – The Central Bank of Barbados will within a few days, unveil new banknotes that will go into circulation at the end of this year.
LONDON – Guyana has called on British investors to be more aggressive in their approach into doing business in the CARICOM country whose future development trajectory is predicated on strengthening traditional sectors and building new ones.
WASHINGTON, DC – The World Bank Tuesday warned that the war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through the end of 2024.
WASHINGTON, DC – The fintech ecosystem in Latin America and the Caribbean has experienced rapid growth and established itself as a key actor to meet the demands and needs of financial consumers in the region, according to a new study released here.
WASHINGTON, DC – The International Monetary Fund (IMF) Tuesday said that the war in Ukraine is shaking the global economy and raising uncertainty about the outlook for Latin America and the Caribbean.