Category Archives: Business

CHTA President’s pronouncement on Cricket World Cup and crime only marginally reassuring

The surfeit of crime that is currently affecting some Caribbean Community (CARICOM) countries is doing nothing to stem the flow of extra regional visitors who have always favoured this part of the world as destinations for reflection and relaxation. Visitors’ preference for favouring the Caribbean, as against other parts of the world where serious crime […]

Central Bank’s payment system wins consumer body’s support

13 A proposal by the Central Bank of Barbados to centralise the commercial banking payment system has received support from a consumer group. The Barbados Consumer Empowerment Network (BCEN) welcomed the initiative, saying it will benefit consumers.  “We appreciate Governor [Dr Kevin] Greenidge’s efforts to address the inefficiencies and fragmentation currently plaguing our banking sector,” […]

Pressure for responsible road use by heavy duty vehicles can come from the private sector itself

Irresponsible road use and the various negative consequences of the phenomenon, coupled with the failure of the authorities to match what now appears to be the most serious challenge ever to safety on our roads, has recently attracted a pointed public statement from the Georgetown Chamber of Commerce and Industry [GCCI], ‘calling out’ the authorities […]

56 entrepreneurs benefit from SEED grants

Business Enrique Rupert 5 Hrs Ago Minister of Social Development and Family Services Donna Cox (centre) holds the cheque for the recipients of the SEED programme at the distribution ceremony held on June 17 at the Diego Martin Community Centre, Diamond Vale. – Photo by Enrique Rupert MINISTER of Social Development and Family Services Donna […]

Bahamas June Afreximbank forum another landmark in Caribbean, Africa ties

Various earlier initiatives designed the long-weakened links between Africa and the Caribbean in forgettable ‘business collaboration,’ most notably the slave trade. They both have, incrementally, arrived at a point where both ‘the continent’ and the Caribbean would appear to have decided on the re-kindling of business ties, albeit, utilizing more pleasing mechanisms. In recent years, […]

Antigua PM challenge sincerity of rich countries’ climate commitment

With the issue of climate change and its continually degrading effects on environmental, social and economic circumstances, particularly in poor countries, becoming an increasingly acrimonious item on the global climate agenda, Prime Minister of the tiny and climate vulnerable Caribbean Community (CARICOM) member state of Antigua and Barbuda, Gaston Browne, has seized the opportunity afforded […]

Nigerian bank to establish Caribbean presence

69 A Nigerian multinational commercial bank is making moves to set up in the Caribbean, promising improved access to financial services and expanded digital services. Aigboje Imoukhuede, Chairman of the Lagos-headquartered Access Holdings, of which Access Bank is a subsidiary, did not say where or when the bank would open its doors but assured the […]

Manning: Securities industry vital for economic development

Business Ryan Hamilton-Davis Friday 14 June 2024 Minister in the Ministry of Finance Brian Manning, gives the keynote address at the TTSEC’s strategic stakeholder engagement forum at the Hyatt Regency, Port of Spain on June 14. – Photo by Angelo Marcelle MINISTER in the Ministry of Finance Brian Manning has said it was crucial for […]

As Jamaica agro-processing sector makes extra-regional waves, Guyana’s appears stuck in uncertainty

Already having established a noteworthy reputation on the extra-regional market for success in penetrating sizeable sections of the international market for agro-processed products, Jamaica’s agro-processing sector is pushing the country’s farmers harder to increase production at the level of the farm in order to further expand the sector’s international market. Backed by the Jamaica Products […]

CSO report: Inflation rises to 0.9 per cent

Business Ryan Hamilton-Davis 11 Hrs Ago Shopping cart filled with essential food items at a grocery store in Port of Spain. – File photo bu Faith Ayoung THE inflation rate, which is a measure of the percentage change in the all items index for the month of May 2024/May 2023, was calculated at 0.9 per […]