Finance
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Saint Lucia approves incentives for 20 new tourism projects – CARICOM Business
The St. Lucia government says it is anticipating investment in the tourism industry to surpass EC$320 million as a result of negotiations with various investors during the first 8 months of this year. “Investors are showing a high level of confidence and interest in St Lucia’s economic prospects. This is evident by the level of tourism investments which have been…
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Antigua registers 7% increase in tourist arrivals in July – CARICOM Business
Antigua and Barbuda has reported a 7% increase in tourist arrivals in July as the country continues to record a “steady rebound” in visitor arrivals in the wake of the coronavirus (COVID-19) pandemic that had forced the closure of borders. The Ministry of Tourism said during July, Antigua and Barbuda welcomed 24,673 visitors, an increase of 23,405 from the corresponding…
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LIAT looks to minimum revenue guarantees for viability – CARICOM Business
The Antigua and Barbuda government says every territory to which the cash-strapped regional airline, LIAT, flies to will be asked to purchase shares in the new company as efforts continue to revitalise the embattled airline. In a statement, the Government noted that “in the proposed new LIAT, thesalaries, wages and other emoluments will take up a smaller part of its…
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Survey on concerns about financial services launched
The CARICOM Secretariat is developing a common financial consumer protection (FCP) regime to regulate the conduct of financial service providers (FSPs) and to protect clients of financial institutions in CARICOM Member States. This project is part of the Strengthening Framework for CARICOM Integration and Cooperation Processes and is funded by the 11th European Development Fund. Click on the link to…
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Energy Services Customers to Benefit Most from New CARICOM-led Credit Risk Initiative
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Customers for energy services across the Caribbean Community (CARICOM) are expected to be the main beneficiaries of an ongoing initiative that seeks to facilitate ease of access to credit for small and medium enterprises (SMEs) within the Region’s energy sector. The Credit Risk Abatement Facility (CRAF) is currently being developed by the CARICOM Development Fund (CDF) – a…
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CARICOM Business News
Please see the latest edition of the CARICOM Business newsletter which comprises information culled from news entities in the Caribbean and beyond and includes a Foreign Exchange Summary, a Stock Exchange Summary and International Oil Prices. CARICOM Business 16 Feb 2018
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‘Looming’ issue of de-risking in Region remains high on CFATF agenda
Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson has said that de-risking or the loss of correspondent banking relations is looming largely across the Caribbean region because of what is being perceived by international financial institutions as “high-risk jurisdictions operating in a high-risk region.” Wilson is disagreeing with this perception on the basis that many of the…
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Region needs to develop digital financial services sector – CTU President
Port of Spain, Trinidad and Tobago – “The ITU, UNECLAC, the CTU, the various bankers’ associations, the central bankers, the anti-money laundering regulators, the digital financial Services technology providers, the cyber security experts and the consumer protection officials need to see how we, as a region, can develop our regional DFS sector,” stated Hon. Darcy W. Boyce, the President of the…
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Antigua-Barbuda strongly objects to being listed as a tax haven by Illinois
ST JOHN’S, Antigua — Antigua and Barbuda on Wednesday registered strong objections with the US state of Illinois, which has introduced legislation listing Antigua and Barbuda and ten Caribbean Community (CARICOM) countries along with six other Caribbean jurisdictions as tax havens. In letters to Speaker of the House of Representatives of the Illinois General Assembly, Michael Madigan and House Representative…
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