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The Bahamas Responds to New US Tariffs

NASSAU, Bahamas – The Bahamas government says it is engaging the United States in a bid to seek “clarification” after Washington imposed a new 12.5 percent tariff on exports from the country claiming that Nassau had failed to impose and enforce a prohibition on the importation of goods produced with forced labour.

Regional Tax Administrators to Meet in Guyana

GEORGETOWN, Guyana – Tax administrators and revenue management experts from the Caribbean Community (CARICOM) grouping will meet here later this month, the Guyana-based CARICOM Secretariat announced on Wednesday.

Guyana Advancing New Oil Exploration Blocks

GEORGETOWN, Guyana – The Guyana government says in an effort to strengthen its natural resources capacity, it is accelerating a new phase of oil exploration as it moves to expand petroleum activities beyond the prolific Stabroek Block, creating new opportunities for investment, employment and economic growth.

The Effects of the War Between US and Iran on Caribbean Economies

BRADES, Montserrat - The ongoing war between the United States and Iran in particular the control of the Strait of Hormuz is forcing Caribbean governments into some form of a dilemma as they seek to provide subsidies to their citizens in order to deal with the impact of the high cost of energy.

Premier Reuben Meade (Right) and dr. Hyginus ‘Gene’ Leon, the Executive Director of the Development Bank for Resilient Prosperity (DBRP), during the radio programme on Tuesday (CMC Photo)

OLACDE Says Energy Inflation Triples as Fuel Prices Continue to Rise

QUITO, Ecuador – The Latin American and Caribbean Energy Organization (OLACDE) says the period of inflationary relief experienced by the energy sector in Latin America and the Caribbean (LAC) has come to an end and that as of June this year, gasoline and diesel prices remained above the levels recorded before the Middle East conflict.

ECLAC Warns of Higher Price For Oil in LAC This Year

SANTIAGO, Chile – The Economic Commission for Latin America and the Caribbean (ECLAC) Friday warned that the average price of oil this year will be higher than in 2025, which means that six channels of impact on the region remain in effect.

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