GENEVA – The head of United Nations trade facilitation agency, UNCTAD, has warned that Caribbean and other developing countries face “impossible trade-off” on debt, stating that spiraling debt has compromised their chances of sustainable development.
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NASSAU, Bahamas – Prime Minister Phillip “Brave” Davis says the former chief executive officer of the collapsed Bahamas headquartered FTX, Sam Bankman-Fried has been interviewed by local authorities as investigations continue into the demise of the crypto giant.
CASTRIES, St. Lucia – The administration of Prime Minister Phillip Pierre says the government will be disbursing over EC$20-million (One EC dollar=US$0.37 cents) in back pay owned to public servants.
KINGSTON, Jamaica – A revised Income Tax Relief Act that gives incentives to investments of US$1 billion or more, is expected to be tabled in Parliament by the next March, according to Minister of Finance and the Public Service, Dr. Nigel Clarke.
Kingston, Jamaica – The new Hi-Lo Food Stores (Hi-Lo) location in Negril, Westmoreland, and the Grace Agro-Processors (GAP) Plant in Denbigh, Clarendon are the latest facilities in the GraceKennedy (GK) Group to ‘go solar’. Both locations have installed solar power grid-tied systems with a combined generating capacity of 925 kWh per day, and which are projected to meet approximately 50 - 60% of the energy needs at the new Hi-Lo location, and up to 50% of the energy needs at GAP Denbigh.
Basseterre, St. Kitts and Nevis - Prime Minister of St. Kitts and Nevis, the Honourable Dr. Terrance Drew, will conduct his first official visit to Dubai in the United Arab Emirates from Tuesday 29th November 2022 to Saturday 3rd December 2022. The Prime Minister will be accompanied by the Minister of Tourism, Hon. Marsha Henderson; the Attorney-General, Hon. Garth Wilkin; the Cabinet Secretary, Dr. Marcus Natta; Mr. Sylvester Anthony and Ms. Veira Galloway.
SANTIAGO, Chile – The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) says that foreign direct investment (FDI) in the region rose by 40.7 percent in 2021, but did not return to pre-pandemic levels.
Tampa, Fla. – Black cannabis entrepreneurs are virtually non-existent in America. They constitute 2% of the businesses and less than 10% are owned by people of color. Not surprisingly, for decades Black and Afro-Latino communities have had much higher rates of incarceration for marijuana offenses. While this gap is being addressed in many states through social equity policy built into state medical and recreational marijuana laws, it’s clear that there is still significant ground to make up. As a result, the private sector is stepping up – including Parallel, the parent company of Florida’s Surterra Wellness, and Black Cannabusiness (BCB).
NASSAU, Bahamas – The Bahamas government has dismissed as “inaccurate allegations” international criticism of the country’s digital asset regulations following the collapse of FTX.
KINGSTON, Jamaica – A two-day “Invest Jamaica 2022 Conference” got underway here on Tuesday with delegates being told that Jamaica is becoming a leading investment destination in the Caribbean.
BRIDGETOWN, Barbados – Prime Minister Mia Mottley has given an assurance to the business community that it will not be left in the dark as her administration gets ready to implement the Barbados Economic Recovery and Transformation (BERT) 2022 plan.
GEORGETOWN, Guyana – President Irfaan Ali on Thursday announced the first round of salary adjustments for public servants that will see about 8,000 members of the disciplined services taking home more money from next year.
KINGSTON, Jamaica – Jamaica Producers Group Limited (JP) and PanJam Investment Limited (PanJam) Monday announced an agreement resulting in an amalgamation of both businesses to create a new group of companies.