Lucia<strong>.</strong> History and growth of CBIs Citizenship-by-investment (CBI) programmes began in 1984 in St Kitts and Nevis, followed by Dominica in1991, by Antigua and Barbuda and Grenada in 2013 and then St Lucia in 2015. Since 1984, several changes and adjustments were made to the various schemes. Basically, however, there are three types of programmes: […]
or vendors doing business in different Caribbean territories. Jamaica and Barbados will, in the next six months, become the first two territories to access a new pan-Caribbean digital payment settlement system called CaribDollar (Carib$). Carib$, a stablecoin or kind of cryptocurrency, is being developed by partners Abed Ventures Inc out of Barbados and German entrepreneur […]
KINGSTON, Jamaica— Minister of Transport and Mining, Audley Shaw, has appealed to motorists to act responsibly on the roadways, given the growing number of crashes and fatalities being reported. The minister was speaking at the launch of Road Safety Month, on June 8 at the Future Energy Source Company (FESCO) gas station in Kingston, when […]
As global supply chains continue to be impacted by the novel coronavirus pandemic and the war in Ukraine, calls have intensified on especially vulnerable Caribbean states to ramp up food production and to advance plans for food security. Speaking at a Caribbean Development Bank’s (CDB’s) seminar held recently, Isaac Solomon, vice-president of operations at the […]
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Businesses urged to take cybercrime seriously as threat grows 1 2 With reports of phishing and online scams on the rise, C&W Business Jamaica (CWBJ) is urging businesses to prioritise cybersecurity training for its staff as a means of fighting these threats. Director of Enterprise, Government, and IT Solutions Carol Robertson says most cyberattacks constitute […]
Parts of South Florida were experiencing road flooding from heavy rain and wind Saturday as a storm system that battered Mexico moves across the state. Officials in Miami warned drivers about road conditions as many cars were stuck on flooded streets. “This is a dangerous and life-threatening situation. Traveling during these conditions is not recommended. […]
The Bank of Jamaica (BOJ) is projecting an increase in crude oil prices for the June 2022 quarter, underpinned by expectations that demand will continue to outpace supply, amid ongoing tensions between Russia and Ukraine, and the potential for additional sanctions to be placed on Russia. For the June and September 2022 quarters, the central […]
Despite the continued supply chain disruptions and rising commodity prices, Lasco Manufacturing Limited (LASM) grew revenue by 15 per cent to $9.48 billion and achieved its highest net profit to date of $1.71 billion, which did not include any tax remissions. The company, which manufactures soy-based products and bottled drinks, has not seen a reduction […]
