Caribbean Update back issues from Saturday, February 1:
The Agricultural Credit Bank of Jamaica Ltd.
Feb 01, 1992 ... The Agricultural Credit Bank of Jamaica Ltd. has received an $8 million loan from the Caribbean Development Bank to help support its lending program from 1992-1995, for medium and ...
ANCON
Feb 01, 1992 ... ANCON (The National Association for the Conservation of Nature) is a private non-profit group founded in 1985 by prominent scientists, business and community leaders. Its mission is to "protect and conserve Panama's natural resources and biodiversity." ANCON is particularly ...
Bahamas: An electrification program
Feb 01, 1992 ... An electrification program conducted by the Bahamas Electricity Corp. will be assisted by a $31.83 million loan from the Inter-American Development Bank. The program includes the installation on Ragged Island of an innovative photovoltaic demonstration system to convert solar energy into ...
The Bahamas has abolished customs duties
Feb 01, 1992 ... The Bahamas has abolished customs duties on jewelry, perfume and other goods (effective January 1, 1992), to put the country in line with other duty-free countries and territories, according to a report from Nassau. The Government has scrapped duties on certain imported goods to reduce ...
Barbados: A solid waste management plan and feasibility study
Feb 01, 1992 ... A solid waste management plan and feasibility study will be financed by a $1.5 million technical cooperation accord with the Inter-American Development Bank. Daily solid waste production on Barbados is estimated at 254 tons, says Prime Minister Erskine Sandiford. The island's two existing ...
Barbados as a domicile for FSCs
Feb 01, 1992 ... Barbados as a domicile for FSCs was the topic of a recent talk by Yolande Bannister, Legal Counsel, Central Bank of Barbados. Her talk provides statistics, and highlights the linkages of the foreign sales corporations with the rest of the Barbadian economy. To obtain a copy of the speech, ...
Barbados: For an update
Feb 01, 1992 ... For an update on the status of financial products in Barbados (International Business Companies, Offshore Banks, Exempt Insurance, Foreign Sales Companies, etc.), contact: Bruce Zagaris at Oppenheimer Wolff & Donnelly, 1020 ...
Barbados Sea defenses will be improved
Feb 01, 1992 ... Sea defenses will be improved with a $7.82 million loan from the Caribbean Development Bank. Improvements will be made at 6 locations along the island's west, southwestern, southern and northeastern coastlines: Tarou Cliffs, Massacre By-pass, Point Michel, Dubuc, Londonderry Bay, and Mango ...
Barbados: The first Barbados Information Services Conference
Feb 01, 1992 ... The first Barbados Information Services Conference, held in October 1991, was attended by more than 150 data processing and telecommunications technology executives. The theme was "Exploring Global Information Processing ...
Barbados: The Sandy Lane Hotel and Golf Club
Feb 01, 1992 ... The Sandy Lane Hotel and Golf Club, inaugurated in 1961, reopened its doors November 27 after a $10 million renovation project. In the hotel, 86 of 110 bedrooms were enlarged and redesigned. Improvements were also made ...
Belize: A $12.6 million Primary Education Project
Feb 01, 1992 ... A $12.6 million Primary Education Project will be partly funded by a $7.1 million World Bank loan. The project includes three inter-related components: (a) teacher education ($2.5 million); improvements in the teacher training system and upgrading the knowledge, skills and overall competency ...
The Belize Chamber of Commerce and Industry
Feb 01, 1992 ... The Belize Chamber of Commerce and Industry has been planning an "in-bound trade mission" for early 1992, "seeking joint partnership and other business arrangements for the production and export of crops to the U.S. market." Targeted non-traditional crops include papayas, mangos, ginger, ...
Belize: The Water and Sewerage Authority
Feb 01, 1992 ... The Water and Sewerage Authority invites consultants to prequalify to conduct a feasibility study for the expansion of the water treatment plant and transmission main and the extension of the sewer system to serve new areas in Belize City. Funds for the study are being sought from the ...
Belize: The 3rd International Symposium
Feb 01, 1992 ... The 3rd International Symposium and Workshop on Ecotourism and Resource Management, 1st World Congress on Tourism and the Environment have been scheduled for April 27-May 1 in Belmopan, Belize. It will feature field seminars throughout Belize, with special focus on coastal zone management ...
A Caribbean tourism marketing effort
Feb 01, 1992 ... A Caribbean tourism marketing effort, to promote the region as a single destination, will be launched this spring, and has received pledges of nearly $2 million. The program will see the Caribbean public and private sector pool their advertising funds under a regional umbrella. American ...
Caribbean UPDATE At Your Meeting
Feb 01, 1992 ... If you would like Caribbean UPDATE distributed at your meeting or conference, please contact us: Tel. 800-766-3949, or 201-762-1565. Fax: 201-762-9585.Note: The first Tuesday of every month, in Washington, D.C., there is a luncheon ...
Caribbean UPDATE Sources
Feb 01, 1992 ... Caribbean UPDATE derives its information from numerous sources, including personal contacts with key government and corporate officials. We receive reports and press releases from international agencies, governments, corporations, and chambers of commerce. We subscribe to the daily service ...
Central American exports
Feb 01, 1992 ... Central American exports to Europe are expected to grow substantially this year, because the region has obtained generous tariff concessions, similar to those granted in November 1990 by the European Community's Council of Ministers to benefit the Andean nations of Colombia, Ecuador, Bolivia ...
A Central American railroad
Feb 01, 1992 ... A Central American railroad, taking advantage of numerous local lines which need repair or construction, may be built with funding from Japan and the European Community. The project would require $200 million in financing for a 1,154- kilometer route running from the Nicaraguan port of ...
Costa Rica: Government's banana expansion policies
Feb 01, 1992 ... Government's banana expansion policies could be curbed by a socio-environmental impact study of the industry completed by the International Union for the Conservation of Nature (IUCN), which could also result in alteration of methods used by the banana companies. The 137-page study was ...
Costa Rica: Three different foreign tourists
Feb 01, 1992 ... Three different foreign tourists in mid-December 1991 complained they were robbed by Radio Patrulla policemen in downtown San Jose. The officers allegedly stopped them for a passport check, searched them (for drugs, they claimed), and stole cash or jewelry. One of the accused officers has ...
Creative Leisure International
Feb 01, 1992 ... Creative Leisure International, which markets "customized vacations at private villas and resorts," now offers its services on St. Thomas. For example, a seven-night vacation at a three-bedroom ocean-view villa (six people) with a large private swimming pool ...
Cuba: A plan to cut electricity consumption
Feb 01, 1992 ... A plan to cut electricity consumption by 12%, to cope with a chronic energy crisis caused by a shortage of imported oil, has been put in place by Cuban authorities. The cut, applicable to both private homes and the state sector, represented a further squeeze for Cuba's hard-pressed 10.5 ...
Cuba: The importance of joint enterprises
Feb 01, 1992 ... The importance of joint enterprises with foreign companies is now "more crucial," Havana Radio Reloj Network said on January 6. It added: "Potential associates keep in mind the social stability of the country, the recovery of capital in a few years, the triplication of the investment over a ...
Curacao Drydock Co
Feb 01, 1992 ... Curacao Drydock Co., of which the island Government of Curacao is a main shareholder, is entering into a joint venture with Empresa Nacional de Astilleros (ENA), a Cuban state-owned shipyard company,, for the lease and operation of a shipyard in Cuba. Mario Evertsz, Director of Effective ...
Dominican Republic: A company wants to buy
Feb 01, 1992 ... A company wants to buy (for resale) electrical household appliances, flatware (including knives, forks and spoons), stainless steel products and glassware. Details: Manuel Pereda Aladro, President, Ramon ...
Dominican Republic: A new $3.6 million plant for milk processing
Feb 01, 1992 ... A new $3.6 million plant for milk processing, Pura Leche Dominicana (Puledom) is being built in La Vega province, on the site of a previous milk processing plant (Indulac), says Milton Messina, an executive with the new company. The plant will produce ...
Dominican Republic: An import restraint limit
Feb 01, 1992 ... An import restraint limit and guaranteed access level for certain wool textile products (Category 448) produced or manufactured in the Dominican Republic have been established by the U.S. Dept. of Commerce for the period December 1, 1991 through May 31, 1992. The import limit is 17,500 ...
Dominican Republic: Best prospects
Feb 01, 1992 ... Best prospects for U.S. exports to the Dominican Republic in 1992 (according to the American Embassy in Santo Domingo) include: electric power systems; electronic components; medical equipment; furniture; ...
Dominican Republic: Electricity
Feb 01, 1992 ... * Electricity continues to be "the weak link" in the Dominican economy, says the Embassy. However, "in response to serious problems in the production and sale of electricity, the Dominican Government has announced its willingness to purchase electricity from private suppliers and to ...
Dominican Republic: The Festival of the Americas
Feb 01, 1992 ... The Festival of the Americas is a five-day program (October 8-12) to be held in Santo Domingo, celebrating the 500th anniversary of Columbus' arrival in the New World. Santo Domingo became his home and Spain's base for exploration of the rest of the Americas. Intercap reports it has obtained ...
Dominican Republic: The new 63-room Coral Beach Resort
Feb 01, 1992 ... The new 63-room Coral Beach Resort has opened at Puerto Chiquito. General Manager/Owner of the all-inclusive property, which is ...
Dominican Republic: The Services Group
Feb 01, 1992 ... The Services Group, a consulting firm, has been working on a study to assess the country's competitive position in continuing to attract free zone industries. In the past five years, employment in the nation's free zones has soared from 40,000 to 140,000, but vigorous ...
Dominican Republic: Tourist and foreign visitor arrivals
Feb 01, 1992 ... Tourist and foreign visitor arrivals at Puerto Plata International Airport for the first 11 months of 1991 were down by 12% to 260,602. At the same time, the total hotel room ...
Dominican Republic: Trans Dominican Airways
Feb 01, 1992 ... Trans Dominican Airways, a cargo airline based here, has been authorized by the U.S. Dept. of Transportation to begin passenger service to Puerto Rico, subject to final safety and operational approvals from the Federal Aviation Administration. The carrier recently agreed to pay a fine ...
Dominican Republic: Two new hotels
Feb 01, 1992 ... Two new hotels are being built on Barahona province, at a combined cost of RD$270 million. The Riviera Beach Club will have 109 rooms during its first ...
El Salvador: The first population census
Feb 01, 1992 ... The first population census since 1971 is planned for 1992. In 1971, population was reported at 3.6 million. Estimates based on a growth rate of 2.8% indicate that the present population is more than 5 million (although it could be much ...
Exchange Rates
Feb 01, 1992 ... * Aruba(florin)-- 1.79/b* Barbados(dollar)--2.0113/b* Bahamas(dollar)--1.00/b* Belize(dollar)--2.00/b* Bermuda(dollar)--1.00/b* Cayman Islands(dollar)--0.84/b* Costa Rica(colon)--139/b* Cuba(peso)--1.3203, (3) 22.00/b ...
Grenada has doubled
Feb 01, 1992 ... Grenada has doubled its total of tourist rooms to 1,100 since 1984, and projects another 900 rooms by 1994. Expansion program alone are expected to add 150 rooms by the end of 1993. The ...
A group of Danish commercial companies
Feb 01, 1992 ... A group of Danish commercial companies is exploring the possible establishment of a fish-processing plant in Grenada, says a Dept. of Fisheries official. Under a ...
Guatemala: An end-user
Feb 01, 1992 ... An end-user here seeks a number of wood and fabricated metal products: wooden kitchen utensils; gourmet cook books; plastic kitchenware; kitchen and tableware; earthenware, stoneware table and kitchen articles, household; non-electric cast aluminum pressure cookers. Also: table cutlery; ...
Guatemala: The apparel industry
Feb 01, 1992 ... The apparel industry in Guatemala has grown dramatically in recent years, according to data provided by the Non-Traditional Products Exporters Association (GEXPRONT), from $19.5 million in 1986 to $207 million in 1990, with jobs in the sector increasing from 5,120 to 80,000, and the number ...
GUYANA: After years in the doldrums
Feb 01, 1992 ... After years in the doldrums, Guyana's economy recorded spectacular increases in key sectors during 1991, signaling a long awaited turnaround. Opposition, labor and human rights groups, skeptical about the meaning of the economic picture, have not eased their criticism of the Government's ...
Guyana: Reynolds International
Feb 01, 1992 ... Reynolds International of Richmond VA, which recently invested $60 million to start a bauxite mine here, says it will eventually invest $100 million in the project. The report coincides with the achievement of its planned annual production target by the Aroima Bauxite Co., in which Reynolds ...
HONDURAS: Coffee exports
Feb 01, 1992 ... Coffee exports, the country's second major export commodity (after bananas) earned $145.9 million in the 1990-91 crop year, says the Honduran Coffee Institute. Exports totaled 1.86 million 46-kilogram bags. The Institute had ...
Honduras: Consulting companies
Feb 01, 1992 ... Consulting companies are invited to prequalify for the study and design of the Sewage Plan of San Pedro Sula, part of the Sanitation and Urban Highways Project, which is partly financed by the Inter-American Development Bank. Prequalification forms are available through February 11, ...
Honduras: Manufacturing firms and dealers
Feb 01, 1992 ... Manufacturing firms and dealers are invited to prequalify for the supply of machinery and equipment for a project on Sanitation and Urban Highways in San Pedro Sula, partly funded by the Inter-American Development Bank. Forms are available ...
Imports of Costa Rican papaya
Feb 01, 1992 ... Imports of Costa Rican papaya to the U.S., Puerto Rico and the U.S. Virgin Islands would be allowed under a proposed rule by the U.S. Dept. of Agriculture, "provided that certain conditions are met to ensure the papayas' freedom from Mediterranean fruit flies." Research has shown that the ...
Jamaica: Prime Minister Michael Manley
Feb 01, 1992 ... Prime Minister Michael Manley on January 5 ruled out general elections in Jamaica before they are constitutionally due in 1994, saying he needed the time for his economic liberalization policies to work ....
Jamaica: Sandals Negril
Feb 01, 1992 ... Sandals Negril, which since its establishment in 1988 has enjoyed high occupancy rates, will add 25 new rooms (to its current total of 199), two tennis courts, two racquetball courts, and a ...
The Karibu
Feb 01, 1992 ... The Karibu, a Bahamas-registered tanker, violated an international embargo against Haiti the first week of January, delivering 165,000 barrels of diesel fuel from Colombia. State-run Colombian Petroleum Co. (Ecopetrol) said it sold the oil to Caribe Petroleum Inc., a Panamanian-based firm ...
Liberty Club
Feb 01, 1992 ... Liberty Club, the $15 million, all-inclusive 128-room resort scheduled to open here in September, has appointed Gail Flannigan Associates as its exclusive U.S. group and incentive agency. Liberty Club, set on 40 acres on the southwest tip of the ...
Lithuania and Cuba
Feb 01, 1992 ... Lithuania and Cuba signed an agreement in Vilnius in November 1991 that provides for a form of clearing trade. Cuba will buy meat, milk, electric motors, refrigerators, furniture, motorcycles and bicycles in return for sugar, ...
Merck Sharp & Dohme Quimica de Puerto Rico Inc
Feb 01, 1992 ... Merck Sharp & Dohme Quimica de Puerto Rico Inc. will expand to Arecibo with a $90 million, 150,000-square-foot production plant by 1993, says Michael L. King, Vice President of North American operations. It will make three of Merck's best-selling cardiovascular drugs. Merck, based in New ...
New on St. Barts is the Hotel Carl Gustaf
Feb 01, 1992 ... Also new on St. Barts is the Hotel Carl Gustaf (named to honor the present 16th King of Sweden, whose forebears owned this tiny French island over 200 years ago). The hotel's 12 luxury suites are tiered into the hillside overlooking the harbor. There is a small restaurant, cocktail lounge ...
Nicaragua: Banco de Credito Centroamericana
Feb 01, 1992 ... Banco de Credito Centroamericana (Bancentro) is a new private bank in Nicaragua, opened December 2, 1991, located at Km. 4.5, Carretera a Masaya. Key stockholders are executives of ...
Nicaragua: Eight manufacturing firms
Feb 01, 1992 ... Eight manufacturing firms have reportedly moved into Nicaragua's first major duty-free industrial park, Las Mercedes. All 11 buildings on the 118-acre site are said to be occupied by domestic and foreign firms, including Neptuno, a joint U.S.-Nicaraguan jeans maker, and Ronaco, a U.S ....
The Nicaragua Power Authority
Feb 01, 1992 ... The Nicaragua Power Authority has received a $19 million loan from the Inter-American Development Bank to help rehabilitate the national electric power system. The program will consist of four components: (1) rehabilitation of the spillways of the Asturias and Apanas dams and other civil ...
Nicaragua: President Violeta Chamorro
Feb 01, 1992 ... President Violeta Chamorro on January 9 shuffled 11 cabinet members, including her foreign minister, and replaced the head of the Central Bank in her first cabinet changes after two years in office, the Government said. Nicaraguan Foreign Minister Enrique Dreyfus was replaced by Ernesto ...
Nicaragua: The Paris Club
Feb 01, 1992 ... The Paris Club has granted Nicaragua unprecedented terms for repaying its $830 million debt to the group of Western creditor nations, say officials in Managua. The terms amount to a 75% discount on the debt, says Presidency Minister Antonio Lacayo. They include a 98% cut in debt servicing ...
Nicaragua: The U.S. Agency for International Development
Feb 01, 1992 ... The U.S. Agency for International Development has invited bids for Management of the Development Training Project (525- 0318), SOL USAID/Nicaragua 92-01, due March 3, 1992. The objective of the contract is to: (1) provide technical assistance to USAID/Nicaragua in the recruitment, placement ...
Panama: A public opinion poll
Feb 01, 1992 ... A public opinion poll conducted by Dichter and Neira revealed that 24% of voters said that if elections were held "today" they would not elect a president, and another 22% said they would not choose any among the current batch of presidential candidates, the newspaper La Prensa said on ...
Panama: More than 1,400 businesses
Feb 01, 1992 ... More than 1,400 businesses now use the facilities of the 240-acre Colon Free Zone, for importing, warehousing, assembling, repacking, and re-exporting a vast array of products. In 1990, the volume of commercial transactions reached a record $5.8 billion (imports of $2.7 billion and exports ...
A peace agreement reached January 1 by the Government of El Salvador and its guerrilla enemies
Feb 01, 1992 ... A peace agreement was reached January 1 by the Government of El Salvador and its guerrilla enemies, the Farabundo Marti National Liberation Front (FMLN), which is designed to bring to an end 12 years of civil war (which has claimed more than 75,000 lives) by autumn. The accord was wrapped up ...
Pope John Paul II
Feb 01, 1992 ... Pope John Paul II has scheduled trips this October to the Dominican Republic, Jamaica and El Salvador, coinciding with ...