TRINIDAD-FINANCE-Central Bank relinquishes “emergency control” over CLICO
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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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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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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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Kanye West and Kim Kardashian have official divorce and Ye’s classic single “Gold Digger” is trending after court docs reveal his massive child support payment.
KimYe’s divorce has been settled by a Los Angeles court. On Tuesday, it was reported that Kanye West and Kim Kardashian would share joint custody of their four children, North, Saint, Chicago, and Psalm, while Kanye has been ordered to pay Kim $200,000 a month in child support.
The divorce petition was filed by Kim Kardashian early last year and has been in court for almost all of 2021 and 11 months in 2022. The proceedings were wrought with drama by Kanye, who changed almost a dozen lawyers and insisted that he didn’t agree with the divorce and wanted his family back while also publicly bashing his ex-wife over their children.
According to TMZ, the divorce was settled with both parents having “equal access” to the children, but Kim is expected to have primary care and custody of the children. Their expenses will also be jointly borne by Kim, a billionaire, and Kanye, a former billionaire with a sizable wealth. However, as for a dollar figure of what Kanye’s 50% share looks like- it’s $200,000 a month for the four kids and is due on the first day of each month and has to be sent directly to Kim’s account.
According to TMZ, the rapper is additionally responsible for 50% of the educational expenses, including tuition and security expenses.
Kanye West & Kim Kardashian
The court also ruled that any future dispute between the parents must first go to mediation. The mandatory mediation order notes that if a party fails to join the mediation, the other party will, by default, win over the other.
The court also notably upheld a prenuptial agreement that existed between the two. This means that the prenup agreement is valid and enforceable despite past claims by Kanye that it was not.
As for their property, this is divided according to the prenup agreement. As part of the settlement, Kanye agreed to part with the $4.5 million home he bought across from Kim’s estate in exchange for keeping the couple’s $60 million Malibu beach property as well as the two ranches in Wyoming, another property- 300-acre parcel of land in Calabasas, a home in Belgium as well as his childhood home in Chicago.
As for Kim, she will get to keep the home they have in Idaho and the $60 million Hidden Hills home she currently resides in with the kids.
Back in October, Kim Kardashian had repaid Kanye West $23 million for his share of the purchase price of the Hidden Hills home they bought in 2014. The ex-couple also waived spousal support.
In the meantime, the settlement comes after much contention between Kanye and Kim, which was almost headed to a trial next month. It’s unclear if the terms of the agreement are amicable, as Kanye previously claimed that his ex-wife had “kidnapped” their daughter Chicago and has blocked him from seeing his children most of the time.
Kanye West has also had many public meltdowns in relation to the children whom he wanted to attend his Donda Academy sports and religious school.
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Juice WRLD’s girlfriend Ally Lotti is renewing her claims that the deceased rapper did not die from a drug overdose.
In a new video released on Monday, Ally Lotti repeated the controversial claims that the Chicago rapper had not died from an accidental drug overdose and that fans were not fully aware of everything in relation to the Juice Wrld’s death.
“Y’all mad ’cause literally I’m like, ‘Oh, blah blah blah you guys think he died from an overdose.’ You’re wrong! you’re wrong!” she said, shouting in the video while sitting in a vehicle. “Literally, you’re wrong so suck a d*ck. Okay? S**k a d**k.”
Lotti continued, “There’s a lot of sh*t y’all don’t know that I f**king grieved through myself while I let y’all grieve and talk mad sh*t on me. I don’t care.”
Back in 2020, the Cook County Medical Examiners’ office said that Juice Wrld’s cause of death was an accidental overdose of Oxycodone and codeine. The report referenced high doses of Promethazine and Naloxone in the artist’s blood as well.
While his autopsy cleared his death, police did not treat the matter as a homicide. It’s unclear what Lotti is now alleging.
Juice Wrld
However, Juice Wrld’s last moments appeared to be him being treated for an overdose. The substance, Promethazine in the autopsy report is found in cough syrups and used to treat nausea, while Naloxone is the active ingredient in Narcan, which is used to counteract opioid overdoses.
There is no report that the rapper had a previous overdose, and reports about the day he died by an unnamed team member that the rapper had received doses of Narcan on the morning he died. It’s unclear who administered the Narcan.
There are reports that crew members informed paramedics on the scene that the rapper had received Narcan, administered once, nasally. Paramedics later administered more Narcan after the rapper became unconscious.
In the meantime, Lotti’s claims are not new. She previously made the same allegations back in June 2022, where she hints that there is more to the rapper’s death that contradicts what the official reports are.
“I’ve been quiet for the last year-and-a-half-plus, to myself,” she said in a video back in June.
“Took myself away from everyone because I knew what was going to happen. If people knew what happened the day before Jarad passed, and the day that Jarad passed and everything like that, which I cannot speak upon at this moment. But I will. I will. I just have to make sure that I am safe.
The woman also appeared displeased with the handling of his legacy, including the release of two post-humous albums since his death.
“Know you guys have my full support. I cannot let Jarad’s legacy be what it is. Jarad would never treat any of his fans like this… It’s always been about money and Jarad made enough money to not have this issue. I’m going to take it to court,” she said.
Juice WRLD, whose real name is Jarad Higgins, died on December 8, 2019.
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