Business

  • Photo of Jamaica moves towards an Independent Fiscal Commission:  CARICOM BUSINESS

    Jamaica moves towards an Independent Fiscal Commission: CARICOM BUSINESS

    The Government of Jamaica has initiated action to institutionalise fiscal transparency and strengthen its fiscal responsibility framework by way of an Independent Fiscal Commission. This was effected through tabling a Bill to that effect in the House of Representatives. According to Finance Minister Dr Nigel Clarke, “the fiscal commission will be the guardian and interpreter of Jamaica’s fiscal rules, monitoring…

    Read More »
  • Photo of The CARICOM Private Sector Organization and the Caribbean Community Sign MOU 3rd December 2020 – CPSO

    The CARICOM Private Sector Organization and the Caribbean Community Sign MOU 3rd December 2020 – CPSO

    The CARICOM Private Sector Organization (CPSO) and the Caribbean Community (CARICOM), on Thursday 3 December 2020, signed a Memorandum of Understanding, which establishes the legal framework for cooperation and collaboration between the Private Sector and the Community, as mandated by the Conference of Heads of Government of the Caribbean Community. Mr. Gervase Warner, CPSO Chairman, and President and CEO of…

    Read More »
  • Photo of CARICOM Private Sector Organisation and Caribbean Community sign MOU to support Regional Growth and Development

    CARICOM Private Sector Organisation and Caribbean Community sign MOU to support Regional Growth and Development

    The CARICOM Private Sector Organisation on Thursday signed a Memorandum of Understanding with the Caribbean Community to cooperate on the full implementation of the CARICOM Single Market and Economy (CSME), regarded as the most viable platform for supporting the Region’s growth and development. CARICOM Secretary-General Ambassador Irwin LaRocque signed on behalf of the Community and Chairman Mr Gervase Warner signed…

    Read More »
  • Photo of LIAT is back!  –  CARICOM BUSINESS

    LIAT is back! – CARICOM BUSINESS

    Commencing November 30, sub-regional carrier LIAT will be resuming its commercial services by providing services to a limited number of destinations and routes. According to a November 25 press release, “The airline will operate flights 5 days per week to 7 destinations across the LIAT network. The seven destinations are: Antigua, Barbados, Dominica, Grenada, St Lucia, St Kitts, and St…

    Read More »
  • Photo of St Lucia to introduce Tourism Levy December 15:  CARICOM BUSINESS

    St Lucia to introduce Tourism Levy December 15: CARICOM BUSINESS

    The Government of St Lucia will introduce a tourism levy effective December 15, 2020 to aid in the financing of the industry marketing and development. In a two-tier system, guests will be charged either US$3 or US$6 per person per night depending on a room rate below or above US$120. A rate of 50% of the tourism levy will apply…

    Read More »
  • Photo of New company registrations soar in Jamaica:   CARICOM BUSINESS

    New company registrations soar in Jamaica: CARICOM BUSINESS

    Jamaica has recorded 3,586 new company registrations for the period January 1 to November 11, 2020. That’s according to data produced by the Companies Office of Jamaica and released on social media by Finance Minister Dr Nigel Clarke who noted that “in the middle of the pandemic and record economic contraction, Jamaicans are forming new companies at a rate not…

    Read More »
  • Photo of S&P lauds Barbados’ post-COVID economic performance:  CARICOM BUSINESS

    S&P lauds Barbados’ post-COVID economic performance: CARICOM BUSINESS

    International ratings agency Standard & Poor’s (S&P) has maintained its long and short-term credit ratings of B-/B with a stable outlook for the Barbados economy. “The stable outlook reflects our view that the COVID-19 pandemic will have a significant impact on Barbados’ economy and that the recovery will be more subdued than anticipated,” S&P said. The ratings agency pointed out…

    Read More »
  • Photo of NCB & Republic Bank named among World’s Safest Banks: CARICOM BUSINESS

    NCB & Republic Bank named among World’s Safest Banks: CARICOM BUSINESS

    National Commercial Bank (NCB) Jamaica Limited and Republic Bank of Trinidad and Tobago are the only 2 banking institutions in the Region to be named in Global Finance’s list of the World’s Safest Banks in 112 countries. According to Global Finance, which is headquartered in New York with a circulation of 50,000 and readers in 191 countries, “The Safest Banks…

    Read More »
  • Photo of T&T to revisit the energy fiscal regime:   CARICOM BUSINESS

    T&T to revisit the energy fiscal regime: CARICOM BUSINESS

    Prime Minister Dr Keith Rowley has announced that the T&T government will revisit the energy sector tax regime to ensure the country remains competitive. This in the wake of a recent study by the IDB said T&T’s fiscal regime for the energy sector is one of the most uncompetitive in the region. The Central Bank’s Energy Commodity Prices Index (ECPI),…

    Read More »
  • Photo of Caribbean Basin Trade Partnership Act gets US Senate nod: CARICOM BUSINESS

    Caribbean Basin Trade Partnership Act gets US Senate nod: CARICOM BUSINESS

    On September 30, 2020, the United States Senate voted unanimously to renew the Caribbean Basin Trade Partnership Act (CBTPA) until September 30, 2030. H.R. 991 had passed the House on September 23rd. The legislation will come into force upon signing by the US President. The CBTPA is a preferential trade agreement that provides for duty and quota-free access for products…

    Read More »
Back to top button
Close