TRINIDAD-FINANCE-Central Bank relinquishes “emergency control” over CLICO
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Caribbean Travel News
Black Immigrant Daily News
News Americas, NEW YORK, NY, Fri. Dec. 2, 2022: Here are the top stories making Caribbean travel news in 60 seconds for this week ending Dec. 2, 2022:
The US and Canada Are warning All Nationals to avoid all travel to Haiti .
Americans and Canadians are also being warned to reconsider travel to Trinidad and Tobago due to crime there, including kidnapping and terrorism.
The US is also warning Americans to exercise caution if travelling to Cuba.
Canada meanwhile is warning Canadians to exercise a high degree of caution if travelling to Jamaica and due to crime in those countries.
This comes as The World Travel Awards recently named Jamaica the ‘World’s Leading Cruise Destination’ ‘World’s Leading Family Destination’ and ‘World’s Leading Wedding Destination’ at its awards in Oman.
Caribbean Airlines has increased serice from Port of Spain, Trinidad to Grenada’s Maurice Bishop International Airport (MBIA.) The Monday and Friday CAL service will depart Grenada at 8:15 pm and offer connectivity to the red eye flight to New York. The Tuesday, Thursday and Sunday flight service departs MBIA at 11:20 am and arrives in Port of Spain at noon, offering convenient connections to the Toronto flight service.
Look out for UNICO 18°77° Hotel In Montego Bay, Jamaica. The all-inclusive, adults-only resort will have 451 rooms when it opens. It broke ground recently but no opening dates have been given so far
Dominica has been named as one of the top destinations to unwind by Lonely Planet’s Best in Travel collection.
Sandals Resorts Has Some Amazing 2023 travel deals You can’t afford to miss this holiday. They include deals at its Sandals Emerald Bay in The Bahamas, Sandals Royal Barbados and Sandals Ochi in Jamaica. Check it out at https://www.sandals.com/specials/perfect-gift/
And The Reef Cannabis Dispensary of Detroit and Muskegon Heights’ “Reefopoly” will give away $100,00 in cash prizes, a lifetime supply of Cannabis, plus a Caribbean trip for two, and thousands of other instant prizes – including basement grow kits and more!
Game players will visit reefopoly.com/register/ and follow the simple steps to sign up.
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BARBADOS-CURRENCY-New banknotes go into circulation next week
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The Top 10 Caribbean Countries For Foreign Direct Investments
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By NAN Business Editor
News Americas, GEORGETOWN, Guyana, Fri. Dec. 2, 2022: The Economic Commission for Latin America and the Caribbean (ECLAC) has released its annual data on Foreign Direct Investment in the Caribbean and Latin America for 2021. The combined regions saw a 40.7 growth more than in 2020, but this growth was not enough to achieve the levels seen prior to the pandemic.
In the Caribbean, Guyana was the country that exhibited the greatest growth in inflows, surpassing the Dominican Republic, which in prior years had been the leading recipient of investments in that subregion. So what are the countries in the Caribbean that benefited from inward FDI last year? Here’s the top 10 from high to low.
CountryFDI in USDGuyana4,453,000,000Dominican Republic3,102,000,000The Bahamas1,185,000,000Jamaica320,000,000Barbados237,000,000Grenada144,000,000Belize125,000,000Antigua & Barbuda104,000,000Saint Vincent and the Grenadines65,000,000Saint Lucia47,000,000
St. Kitts received just USD 40 million in FD investment in 2021.
DROPS
Trinidad and Tobago reported a drop off of 777.6 million USD in investments in 2021 while Suriname reported a drop by 132.7 million. Haiti saw no investments in 2020 or 2021. In 2019 Haiti had secured USD 56 million in FD investments.
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CARIBBEAN-BUSINESS-Multi-hub mechanism being created to improve movement of mail throughout the region
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St. Kitts And Nevis Prime Minister Hon. Dr Terrance Drew On Working Visit to Dubai
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News Americas, Basseterre, St. Kitts, Dec. 01, 2022: Prime Minister of St. Kitts and Nevis, the Honorable Dr. Terrance Drew, is conducting his first working visit to Dubai in the United Arab Emirates from Tuesday 29th November 2022 to Saturday 3rd December 2022.
The Prime Minister will be accompanied by the Minister of Tourism, Hon. Marsha Henderson; the Attorney-General, Hon. Garth Wilkin; the Cabinet Secretary, Dr. Marcus Natta; Mr. Sylvester Anthony and Ms. Veira Galloway.
The visit provides an opportunity for St Kitts and Nevis to show the world that it is open for business and is ready to attract investors who seek mutually beneficial partnerships with the nation.
The Prime Minister will identify new areas of collaboration in advancing economic recovery and stability and reaffirming the solid foundation between the two countries.
The Embassy of St Kitts and Nevis will host an exclusive cocktail event on Thursday, 1st December 2022 for investors, citizens, and business partners to meet the Prime Minister and his delegation.
Dubai has successfully positioned itself as a world-class financial hub. The multicultural city has two-thirds of the world’s population within reach on flights of eight hours or less, allowing it to serve as a nexus for the East and West, along with being in the heart of the Africa-Middle East-Asia triangle.
Dubai’s rapid growth, strategic location, and favourable business culture have led it to gain the reputation of being the world’s most sought-after business hub.
The Prime Minister’s visit comes at a time when the economies of many countries are affected by the lingering impact of the COVID-19 pandemic and by the consequences of the Ukraine-Russia conflict.
The visit is also aimed at deepening relationships with important stakeholders including international investors and government-approved agents, who play a vital role in promoting and supporting the country’s recently upgraded Citizenship by Investment (CBI) programme.
Since assuming office in August 2022, Prime Minister Hon. Dr. Terrance Drew has been working tirelessly to find and implement solutions that will prosper St Kitts and Nevis. The government is taking measures to sustain and enhance the image of the twin-island Federation’s CBI programme by ensuring that it is more transparent and follows the principles of integrity and good governance.
St Kitts and Nevis hold the oldest citizenship by investment programme in the world, which has been vital in assisting the country in funding important economic and social projects, but it has come under scrutiny over the last few years.
The Citizenship by Investment programme is one way to direct foreign direct investment to innovative projects across the spheres of education, health, agriculture, and tourism.
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