By Caribbean News Report | Editorial credit: Markus Mainka / shutterstock.com The Virgin Islands’ soaring air connectivity received another uplift this week as LIAT Airlines returned to the skies over Beef Island. Premier Natalio “Sowande” Wheatley hailed the move as a boost for economic growth as he welcomed the Caribbean operator to the territory at […]
Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update published by UN Trade and Development (UNCTAD) on 5 December. This $1 trillion increase, reflecting 3.3% annual growth, highlights resilience in global trade despite persistent challenges. Robust growth in services trade, up 7% for the year, […]
Photo credit: Caribbean Business Report The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Mr. Daniel Best, a native of Barbados, as the seventh President of the institution. This decision underscores the Bank’s commitment to visionary leadership and sustainable development across the Caribbean region. Mr. Best brings a wealth of […]
Cricket can inspire a new generation and unlock fresh avenues for economic growth across CARICOM” – Dr Rowley Following the Second CARICOM-India Summit in Georgetown, Guyana, CARICOM Leaders gathered at the CARICOM Secretariat on Thursday 21 November for the Twenty-First Meeting of the Prime Ministerial Sub-Committee (PMSC) on Cricket. Chair of the Prime Ministerial […]
By Greg David, THE CITY | Editorial Credit: Leonard Zhukovsky / shutterstock.com At last week’s rally at Madison Square Garden, Donald Trump yet again pledged to “launch the largest deportation program in American history.” According to him, deporting millions of immigrants, including those who are undocumented and those who are here legally, will free up millions […]
By Rona Mahadeo | Editorial credit: em_concepts / shutterstock.com Guyana, a small South American nation with a population of just under 800,000, has emerged as one of the fastest-growing economies globally due to its significant offshore oil discoveries starting in 2015. With an estimated 11 billion barrels of recoverable oil reserves discovered in the Stabroek […]
By Linda Hohnholz, eturbonews | Photo credit: eturbonews Jamaica Tourism Minister, Hon. Edmund Bartlett, has continued to advocate for the importance of tourism-dependent destinations owning the supply side of the industry to increase investments and earnings. Speaking at the International Tourism and Investment Conference (ITIC) Global Tourism Investment Summit in London yesterday, the Minister highlighted that […]
U.S Small Business Administration, SBA Press Office | Editorial credit: RossHelen / shutterstock.com More Than a Dozen Private Funds to Invest $2.8 Billion in Over 1,000 Critical Technology Startups and Small Businesses WASHINGTON– Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and Secretary Lloyd J. Austin, head of the U.S. Department Secretary of Defense (DoD) announced 13 […]
Photo credit: DPI Guyana Guyana’s local content legislation continues to create numerous opportunities for Guyanese involvement in the oil and gas sector, enabling more than US$2 billion in revenue generation for small and medium-sized local enterprises. This is according to President, Dr Mohamed Irfaan Ali, who has emphasised that 65 per cent of the oil […]
Photo credit: DPI Guyana The gold mining sector is poised for a major uptick in production as the government sets a target of one million ounces by 2030. President, Dr Mohamed Irfaan Ali detailed the massive progress being recorded in the sector as he addressed a special sitting of the 12th Parliament last Thursday. President, […]