Caribbean Business Reports

Housing

National Housing Trust records 18.9B surplus

The National Housing Trust (NHT) in Jamaica recorded a surplus of $18.9 billion as laid...

Jan 22 | BY

Health

No new protocols for Trinidad and Tobago despite COVID-19 variant case

As health officials in Trinidad and Tobago urged the population not to panic about the...

Jan 22 | BY

Automotive

Volkswagen posts US$12.2-B profit in resilient pandemic year

Volkswagen AG said a robust sales recovery toward the end of the year helped cushion...

Jan 22 | BY

Investment

Barita to pay $809.9 million in dividends

Barita Investments Limited (BIL) has advised it approved an interim dividend of $0.746 per stock unit...

Jan 22 | BY

Trade

Jampro turn eyes to European market after signing MOU

Jamaica Promotions Corporation (Jampro) recently signed a memorandum of understanding (MOU) with the Caribbean Chamber...

Jan 22 | BY Josimar Scott

Employment

Four managers transition from Seprod

Richard Pandohie, group CEO of Seprod Limited, has explained that the company is not undergoing...

Jan 21 | BY

Aviation

United Airlines shares lose altitude after weak 1Q forecast

United Airlines officials said Thursday that travel will recover from the pandemic, but they just...

Jan 21 | BY

Banking

Scotiabank T&T introduces by-laws for virtual meetings

Scotiabank Trinidad and Tobago Limited has amended its by-laws to accommodate virtual meetings of its...

Jan 21 | BY Josimar Scott

Economy

Bahamas Gov’t extends post-Dorian tax relief for Grand Bahama, Abacos islands

The Bahamas’ Ministry of Finance announced recently that it will be extending tax relief measures...

Jan 21 | BY Josimar Scott

Economy

We did not miss inflation target, says Bank of Jamaica

The Bank of Jamaica (BOJ) says it’s the lower of two figures for inflation cited...

Jan 21 | BY

Economy

Jamaica’s unemployment figures tick upwards as COVID-19 bites

Jamaica’s unemployment rate increased by 3.5 percentage points between October 2019 and October 2020 to...

Jan 21 | BY

Employment

Dr ‘Gene’ Leon takes up CDB president role on May 1

The Caribbean Development Bank (CDB) yesterday announced in a news release that its board of...

Jan 20 | BY Josimar Scott

Climate Change

Impact of climate crisis on LAC equal to health, economic crises — IMF head

Editor’s note: The following is a presentation from International Monetary Fund Managing Director Kristalina Georgieva...

Jan 20 | BY

Politics

Joe Biden sworn in President of the United States

Joe Biden has been sworn in as the 46th President of the United States. Biden...

Jan 20 | BY Paul Allen

Energy

Maersk Drilling eyes opportunities in Suriname after securing contract with Total

Maersk Drilling is buoyant about its prospects in the Guyana-Suriname basin after winning its second...

Jan 20 | BY Josimar Scott

Tourism

Royal Caribbean to sell Azamara brand to Sycamore Partners

Royal Caribbean Cruises Ltd is selling its Azamara brand to private equity firm Sycamore Partners,...

Jan 19 | BY

Manufacturing

Paramount Trading Q2 profit fall to $4.5 million

Paramount Trading Jamaica Limited saw its profit significantly reduced for the second quarter ended November...

Jan 19 | BY

Aviation

737 Max to be cleared next week — European aviation agency

The Boeing 737 Max will be approved to resume flights in Europe next week, following...

Jan 19 | BY

Tourism

Adam Stewart named executive chairman of Sandals Resorts Int’l

Sandals Resorts International (SRI) yesterday announced Adam Stewart’s appointment as executive chairman of the company...

Jan 19 | BY

Investment

Proven upsizes APO by 33.33%

Proven Investments Limited (PROVEN or PIL) has informed the public that it will exercise its...

Jan 18 | BY Josimar Scott