Latin American investors are seeking to expand business ties in the Caribbean, with companies in two major business capitals looking to forge new and deeper ties with their smaller Hemispheric neighbours to the south.
On the heels of the announcement of a visit scheduled for November from a Brazilian investment mission interested in doing business in the Eastern Caribbean, Mexico says it too has plans to meet with investors from the wider Caribbean in November, in Mexico.
The Brazilian mission, being...View More
Prime Minister Hon. Allen M. Chastanet has reaffirmed his willingness to ensure that the Caribbean Community (CARICOM), is successfully revamped into a more dynamic and highly influential regional and global entity.
Hon. Chastanet made this commitment during a visit with CARICOM Secretary General, Ambassador Irwin LaRocque, and his Chef de Cabinet, Charmaine Atkinson-Jordan.
The two CARICOM officials paid a courtesy call on the Prime Minister on September 6th, at his official residence at Vigie. The...View More
The Department of Sustainable Development will host a week of activities in commemoration of the International Day for the Preservation of the Ozone Layer (Ozone Day) 2016.
The activities will be held from September 12th - 16th, and will include an Ozone Day Address by the Minister for Sustainable Development, a series of articles in local newspapers, technician training in good refrigeration and air conditioning practices, presentations at selected primary schools, and a sale on recovery and recycling...View More
Santo Domingo, Dominican Republic, August 29, 2016: The Caribbean Export Development Agency (Caribbean Export), the Caribbean Association of Investment Promotion Agencies (CAIPA), and the IPAs of Haiti and the Dominican Republic participated in the United Nations Conference on Trade and Development's (UNCTAD) World Investment Forum 2016. Held in Nairobi, Kenya from July 17-19, 2016, within the framework of the 10th European Development Fund (EDF) Haiti-DR Bi-national Programme, the World Investment...View More
The sod turning ceremony for the Domaine Resort Development Project was held on 25th August 2016. The project aims to bring economic development and activity to the community of Choiseul.
The US$6 million tourism project will boast 20 villas falling under the conceptual resort category of chic boutique hotel.
Minister in the Office of the Prime Minister with responsibility for Tourism, Information and Broadcasting, Hon. Dominic Fedee, commented on the popularity of the resort type and the way in which...View More
CASTRIES, St. Lucia, Saturday August 27, 2016 - The Caribbean Association of Banks Inc. (CAB) is strongly supporting IMF Managing Director Christine Lagarde's proposed approach to dealing with the de-risking/correspondent banking issue that threatens some regional economies. It's her suggestion that "it is a collective action problem that calls for a collective solution" that is getting her a thumbs up from the CAB.
De-risking is where international banks limit or terminate their relationships with...View More
Prime Minister Allen Chastanet journeyed to the People's Republic of China at the invitation of investor and Chairman of Desert Star Holdings Limited, Teo Ah Khing.
Mr. Ah Khing has applied to establish a multi-billion-dollar resort development in Saint Lucia dubbed, the "Pearl of the Caribbean".
The Prime Minister noted that he is confident that the track record of Desert Star Holdings (DSH) along with other equine investments is above board and in good standing. The Prime Minister said his host has...View More
MIAMI, United States, Sunday August 21, 2016 - The President of the Caribbean Hotel and Tourism Association (CHTA), Karolin Troubetzkoy sees the upcoming Caribbean Hospitality Industry Exchange Forum (CHIEF) as an opportunity for hotels and tourism-related businesses to take stock and to "open our eyes to the bigger picture, which is so important if we want to succeed not only as individual businesses and destinations, but also as a region."
Speaking to reporters earlier this month in Miami, where CHTA...View More
For Invest Saint Lucia, the following article is testament to the country's value proposition, as well as the success and sustainability of investments.
The Saint Lucia government recently acknowledged the 50-year contribution of the Barnard family to the growth of the hospitality sector.
The Government of Saint Lucia has paid tribute to a local family for its contribution to the development of Saint Lucia's tourism industry.
On Aug. 16, government officials led by Prime Minister Hon. Allen...View More
Caribbean entrepreneurs stand to benefit from a partnership between the Caribbean Export Development Agency (Caribbean Export) and the World Bank Group. This partnership seeks to bring greater access to finance as the region's angel investment ecosystem develops.
The new programme, LINK-Caribbean, aims to stimulate private investment into early-stage enterprises by providing funding products that help entrepreneurs raise capital. The program will also develop a Regional Angel Investor Network (RAIN...View More