Business

  • Photo of Keynote address by Secretary-General Dr Carla Barnett at the Opening Session of the State of the Sector Conference of the Barbados Small Business Association

    Keynote address by Secretary-General Dr Carla Barnett at the Opening Session of the State of the Sector Conference of the Barbados Small Business Association

    Honourable Kerrie Symonds, Minister of Energy, Small Business and Entrepreneurship of Barbados;  Mr. Neil Corbin, President of the Barbados Small Business Association; Senator Dr. Lynette Holder, Chief Executive Officer of the Barbados Small Business Association; Dr. Deodat Maharaj, Executive Director of Caribbean Export; Presenters, Participants, Ladies and Gentlemen. Greetings!  I am really delighted to have the opportunity to speak with…

    Read More »
  • Photo of Jamaica’s exports record growth of 24.6%: CARICOM BUSINESS

    Jamaica’s exports record growth of 24.6%: CARICOM BUSINESS

    Jamaica’s total spending on Imports for January – May 2021 amounted to US$2,249.3 million, an increase of 12.0% relative to the same period in 2020. This increase was mainly attributable to higher imports of Fuels and Lubricants (42.7%) and Raw Materials / Intermediate Goods (13.8%). Total exports for the review period were valued at US$655.1 million, 24.6% above the US$525.7…

    Read More »
  • Photo of Caribbean expected to grow 4.1% in 2021, ECLAC says: CARICOM BUSINESS

    Caribbean expected to grow 4.1% in 2021, ECLAC says: CARICOM BUSINESS

    A new “Economic Survey of Latin America and the Caribbean” report released by ECLAC raised its growth forecast for the Region from 5.2% in July to 5.9%. Despite the encouraging improvement, these figures remain below par to bounce back from 2019’s Gross Domestic Product (GDP) with the Caribbean posited to grow by 4.1%. The growth in 2021, according to the…

    Read More »
  • Photo of Barbados: Arrivals rising in tourism sector –  CARICOM BUSINESS

    Barbados: Arrivals rising in tourism sector – CARICOM BUSINESS

    Tourism interests in Barbados are now viewing the upcoming 2021/22 winter tourism season optimistically based on the latest statistics from the Barbados Tourism Marketing Inc. (BTMI). During July 2021, some 10,819 visitors travelled to Barbados, a significant increase of 6,745 visitors compared to the corresponding period of July 2020. The United States (US) copped 43.3 % market share, while the…

    Read More »
  • Photo of Guyana rolls back freight charges to pre-pandemic levels:  CARICOM BUSINESS

    Guyana rolls back freight charges to pre-pandemic levels: CARICOM BUSINESS

    Effective August 1, 2021, Guyana by statute reduced freight charges to pre-pandemic levels (March 31, 2020) in the calculation of customs duties, excise taxes, and input VAT on goods imported. This facility however expires on January 31, 2022. This was occasioned by marked increase in shipping costs from some countries, moving from an average of US$2,500 to as much as…

    Read More »
  • Photo of Grenada fiscal revenues exceed target by 10.6%:  CARICOM BUSINESS

    Grenada fiscal revenues exceed target by 10.6%: CARICOM BUSINESS

    The Fiscal Reports for the months of April, May and June have shown that the Government of Grenada earned more than the targeted revenue as projected in the 2021 Estimate of Revenue. For the 3-month period total revenue collections equalled EC$175.9 million, $18.6 million above target or $32.7 million more than revenues collected for the comparable 3-month period in 2020.…

    Read More »
  • Photo of Barbados records growth of 5.5%: CARICOM BUSINESS

    Barbados records growth of 5.5%: CARICOM BUSINESS

    Barbados has recorded growth of 5.5% during the April to June quarter of 2021. That’s the word from Governor of the Central Bank of Barbados Cleviston Haynes who is predicting growth of 1 to 3% for calendar 2021. Haynes said the performance of the economy continued to be constrained by the protracted COVID-19 pandemic, which resulted in a dramatic falloff…

    Read More »
  • Photo of Cayman implements 5-phase tourism re-start strategy: CARICOM BUSINESS

    Cayman implements 5-phase tourism re-start strategy: CARICOM BUSINESS

    The Cayman Islands has announced a five-phase approach to reopening its tourism sector. During the first phase or ‘reduced quarantine period’, which began in June, fully vaccinated travellers are subject to a mandatory 5-day quarantine while the unvaccinated undergo 14-days isolation. In the second phase, or “reduced reparations restrictions”, effective August 9, additional travel restrictions will be eased, including the…

    Read More »
  • Photo of Jamaica: Remittances exceed US$1 billion in 4 months – CARICOM BUSINESS

    Jamaica: Remittances exceed US$1 billion in 4 months – CARICOM BUSINESS

    For the first 4 months of 2021, remittance inflows into Jamaica exceeded the US$1-billion mark. Net remittance inflows of US$1012.7 million increased by 52.6% or US$349.1 million relative to the previous corresponding period. This improvement resulted from an increase of 46.2% or S$345.7 million in total remittance inflows aided by a decline of 4.1% or US$3.5 million in total remittance…

    Read More »
Back to top button
Close