Caribbean Business Reports

Production

Jamaica segment sees 29 per cent revenue jump for Jamaica Broilers

Jamaica Broilers Group, for the nine months ended January 30, 2021, reported profit before tax...

Mar 05 | BY

Energy

Frontera, CGX ‘advance’ plans to drill offshore Guyana

Canadian oil exploration and production (E&P) company Frontera has revealed plans to drill two blocks...

Mar 05 | BY Josimar Scott

Banking

Scotiabank announces sale of Guyana operation

…but central bank displeased with process Scotiabank on Wednesday disclosed plans to sell its Guyanese...

Mar 05 | BY Josimar Scott

Entrepreneurship

Flow latest service aims to help SMEs improve digital presence

Flow launched a new business service aimed at delivering customised, smart ICT solutions to small businesses...

Mar 05 | BY

Tourism

Jamaica projects 1.6 million visitors, US$1.8B in tourism earnings for 2021/22

Jamaica’s Tourism Minister, Edmund Bartlett, says the industry is projected to earn US$1.87 billion from...

Mar 04 | BY

Entertainment

Disney CEO says moviegoing has probably changed forever

Walt Disney Co Chief Executive Officer Bob Chapek said he believes there have been fundamental...

Mar 04 | BY

Retail

Grenada Gov’t concerned about Caribbean Agro price increases

The Government of Grenada has expressed concern about Caribbean Agro Industries’ decision to effect price...

Mar 03 | BY Josimar Scott

Retail

Walmart aims to spend $350 billion on US products this decade

Walmart Inc pledged to support American manufacturers by spending an additional $350 billion on items...

Mar 03 | BY

Trade

ITC, Caribbean Export launch trade hub for MSMEs

 The International Trade Centre (ITC) has collaborated with the Caribbean Export Development Agency (Caribbean Export)...

Mar 03 | BY

Investment

Mayberry Jamaican Equities posts US$37 million in year end losses

Mayberry Jamaican Equities Limited (MJE) reported total comprehensive loss amounted to US$37 million for the...

Mar 03 | BY

Telecommunications

Hammer Fiber Optics gives Dominicans in US an easier way to call home

Hammer Fiber Optics last Wednesday announced the release of its DominicaVoice calling product that will...

Mar 02 | BY Josimar Scott

Manufacturing

Profit up 80 per cent at Jamaica Producers despite revenue fall

Jamaica Producers Group earned consolidated revenues of $21.0 billion for the year ended December 31,...

Mar 02 | BY

Markets

Butterfield Bank in Cayman outperforms Bermuda parent

In a time when banks are facing lower deposits and defaults on loan payment s...

Mar 02 | BY Josimar Scott

Real Estate

Sagicor X Fund Limited considers new business lines

Following Sagicor X Fund Limited’s disposal of 20 million ordinary shares in Playa this year...

Mar 02 | BY

Aviation

Caribbean Airlines Cargo collaborates with exporTT to bolster export industry

Caribbean Airlines Cargo and exporTT — the national agency that seeks to diversify the export...

Mar 02 | BY

Banking

Toronto Dominion to close 82 US branches as COVID drives digital growth

Toronto-Dominion Bank said it will close 82 bank branches in the US as part of...

Mar 02 | BY

Social Development

IDB lends support to Trinidad and Tobago’s vulnerable groups

Inter-American Development Bank (IDB) on Friday finalised a loan agreement with the Government of Trinidad...

Mar 01 | BY Josimar Scott

Economy

IMF: Latin America and the Caribbean’s winding road to recovery

Latin America and Caribbean economies managed to bounce back from COVID-19’s initial economic devastation earlier...

Mar 01 | BY

Finance

CDB’s COVID-19 response exceeds US$190 million in 2020

The Caribbean Development Bank (CDB) provided more than US$140.2 million in financing in 2020 and...

Mar 01 | BY

Tourism

Tourism in a post-pandemic world

Editorial note: In this IMF County Focus, Aleksandra Babii and Sanaa Nadeem look at the...

Mar 01 | BY