Recently added articles from Caribbean Update:
Mixed investment picture.(THE REGION)
Jul 01, 2009 ... Foreign Direct Investment (FDI) flows to Latin America and the Caribbean in 2008 reached a record US$128.3 billion, up 13% from 2007, according to the ECLAC report Foreign Direct Investment in Latin America and the Caribbean 2008 presented by Commission Executive Secretary Alicia Barcena, ...
Disaster insurance renewed.(THE REGION)
Jul 01, 2009 ... Sixteen Caribbean nations and territories renewed insurance policies that trigger payouts of emergency cash after devastating hurricanes or earthquakes, reports AP (June 7, 2009): Amid the global financial crisis, member governments received a 10% decrease in premium costs for ...
Us deportations assailed.(THE REGION)
Jul 01, 2009 ... The United States should review its policy on deporting West Indian criminals back to their home countries, Caribbean nations told US Attorney General Eric Holder at a meeting in Bridgetown, Barbados, reports Reuters (May 24, 2009): The issue is a major irritant between ...
Libya to set up bank in region.(THE REGION)
Jul 01, 2009 ... Libya will set up a commercial bank in the Organization of Eastern Caribbean States (OECS) region, reports Caribbean Net News (June 8, 2009). The decision was taken after discussions St Vincent & the Grenadines Prime Minister Ralph Gonsalves had with Libyan leader Muammar Al Gaddafi, in ...
EC awaits Libyan embassy.(THE REGION)
Jul 01, 2009 ... Libyan envoy Mokhtar Ghenas says his country also plans to open an embassy on an Eastern Caribbean island that has not yet been identified, reports AP (June 9, 2009). The announcement comes as Libya seeks to strengthen ties with the region ....
New US ambassadors.(THE REGION)
Jul 01, 2009 ... President Barack Obama announced eight new ambassadorial appointments, naming three big campaign donors and fundraisers to plum posts in Canada, the Bahamas and South Africa and tapping career diplomats for jobs in Guinea, Haiti and Lithuania, reports AP (June 6, 2009). Obama ...
Climate change kills coral.(THE REGION)
Jul 01, 2009 ... Climate change has contributed to a flattening of the complex, multi-layered architecture of Caribbean coral reefs, compromising their role as a nursery for fish stocks and a buffer against tropical storms, according to a study published in the London-based Royal Society journal Biology ...
Deadly earthquake.(THE REGION)
Jul 01, 2009 ... An earthquake toppled dozens of homes in Honduras and Belize, killing at least six people and injuring 40 as terrified residents spilled from their homes across much of Central America, reports AP (May 29, 2009). The magnitude7.1 quake struck off the Caribbean coast of Honduras, 80 miles ...
Broadband expansion.(THE REGION)
Jul 01, 2009 ... KVH Industries, Inc., (based in Middletown, R.I). on June 4 said it has taken operational responsibility of the mini-VSAT Broadband(SM) service network supporting North America and the Caribbean. These regions were previously managed under a revenue sharing agreement with SES AMERICOM ....
NAVTEQ expands map coverage.(THE REGION)
Jul 01, 2009 ... NAVTEQ, a Chicago-based provider of digital map, traffic and location data for in-vehicle, portable, wireless and enterprise solutions, on June 9 announced the availability of its navigable map in the Bahamas, St. Barts and the Cayman Islands. NAVTEQ now provides ...
Digicel reports 11% revenue growth.(Brief article)
Jul 01, 2009 ... Digicel, the large Caribbean telecommunications operator and recent entrant to the Central American market, on June 8 said revenues for its fiscal year ended March 21, 2009 were US$1.73 billion, up 11% on the previous year. Subscribers rose 9% to 7.1 million. Recent launches in Honduras ...
New JetBlue destinations.(THE REGION)
Jul 01, 2009 ... JetBlue Airways (JBLU) on June 4 announced its three newest Caribbean destinations: Barbados; Kingston, Jamaica; and St Lucia. Nonstop flights from New York's John F. Kennedy Intl Airport begin in October. Later, JetBlue will ...
Pepsi bottler partnership.(THE REGION)
Jul 01, 2009 ... PepsiAmericas Inc., the second-biggest Pepsi bottler, said it created a joint venture with the Central America Beverage Corp., reports AP (May 18, 2009). The move comes as PepsiAmericas, along with the bigger Pepsi Bottling Group, is fighting a proposed takeover by PepsiCo Inc. Purchase, ...
Fall, winter Windstar sailings.(THE REGION)
Jul 01, 2009 ... Windstar Cruises, which operates a three-ship fleet of luxury yachts, June 3 said it will offer 31 Caribbean sailings and premiere a new 7-day St. Martin roundtrip itinerary on the 148-guest Wind Spirit due to guest request. Each week from December through March, Wind Spirit will sail ...
Short-stay visa waiver accord.(THE REGION)
Jul 01, 2009 ... Short-stay visa waiver agreements were signed between the European Union (EU) and four Caribbean countries in a Brussels with the participation of representatives from Antigua & Barbuda, The Bahamas, Saint Kitts & Nevis, Mauritius, Barbados and Seychelles, reports Caribbean Net News (May ...
Green Globe partnership.(THE REGION)
Jul 01, 2009 ... Green Globe Intl, Inc. (based in Murrieta, Calif) said May 26 it has entered into an agreement with Responsible Business Alliance, a Corporate Social Responsibility (CSR) advisory partnership. RBA will act as a preferred representative of the Green Globe brand and its ...
SightLogix rep named.(THE REGION)(Brief article)
Jul 01, 2009 ... SightLogix, maker of outdoor video analytics cameras for wide-area perimeter security (based in Princeton NJ), on June 10 said it has named Coaxial Systems Associates (CSA) to serve as Manufacturer's Representative in Florida and the Caribbean. Recently relocated to ...
Country Commercial Guides.(THE REGION)(Brief article)
Jul 01, 2009 ... Paid subscribers to Caribbean Update newsletter may receive free of charge via Email detailed Country Commercial Guides, produced by the US Dept. of Commerce, offering useful information about doing business in countries in the region we cover. The following reports are currently available ...
Offshore energy exploration.(BAHAMAS)
Jul 01, 2009 ... Australian energy exploration company, BPC Ltd on May 18 announced an offshore joint venture with Norway's StatoilHydro launch the first major exploration project here since 1986: A report, published last year, stated that there could be multiple 500 MMBOE oil fields in 18 leads ...
Casino transition plan.(BAHAMAS)
Jul 01, 2009 ... Isle of Capri Casinos, Inc. on May 29 said it entered into an agreement to continue operating the Isle of Capri Casino in Freeport, Grand Bahama, until it intends to exit on Aug. 31, 2009. The company said it will continue to assist the Govt. of the Bahamas and the owner of the Our Lucaya ...