Caribbean Update back issues from Wednesday, April 1:
An abandoned Mayan city
Apr 01, 1992 ... An abandoned Mayan city, buried for centuries in a Guatemalan rain forest, has yielded the largest architectural sculpture yet discovered from the ancient civilization. Richard Hansen, director of the project and a research associate in the Isotope and Archaeometry Laboratory in the ...
Agricultural machinery and equipment
Apr 01, 1992 ... Agricultural machinery and equipment is being sought, via competitive international bidding, under the Agricultural Rehabilitation Program Project, financed by Inter-American Development Bank Loan 838 SF-GY. Contracts to supply 16 different lots of machinery and equipment are available for ...
Air Portugal
Apr 01, 1992 ... Air Portugal initiated twice weekly flights (Wednesdays and Sundays) between Lisbon and Santo Domingo in February, says local ...
Ample supplies of Cuban raw sugar to Japan
Apr 01, 1992 ... Ample supplies of Cuban raw sugar to Japan, a major buyer, were reported by Knight-Ridder Financial Services on March 12. Earlier this year, the consensus was that Cuba would have difficulty with harvesting the crop because of fuel shortages. But many sugar industry analysts now say the ...
Booker Tate of London
Apr 01, 1992 ... Booker Tate of London in March began technical assistance to the private Barbados Sugar Industry Ltd. (BSIL), to prepare for restructuring of the troubled industry under a long-term management contract. Three specialists are working alongside BSIL staff for four months to pave the way for "a ...
The British Virgin Islands
Apr 01, 1992 ... The British Virgin Islands will receive $2.9 million dollars in European Community (EC) aid under the fourth Lome accord with the African Caribbean and Pacific group (ACP). Allocated under the Seventh European Development Fund (EDF), which provides financing for the dependent territories of ...
Bunker "C" fuel oil
Apr 01, 1992 ... Bunker "C" fuel oil, one cargo lot of 230,000 to 400,000 net barrels of 42 U.S. gallons. SOL CSP-86616-MN-29 ....
Business and leisure travelers
Apr 01, 1992 ... Business and leisure travelers can obtain discount rates on hotel rooms in the U.S. and overseas by calling a new service, "The Room Exchange," established by A-1 Hotels International. Managing director Mike Beer explains: "We're able ...
BWIA International
Apr 01, 1992 ... BWIA International is now providing maintenance to other carriers. Its recently completed a "C3" check on an Aerocancun (Mexico) MD-83 aircraft at its Piarco ...
Caribbean UPDATE at your meeting
Apr 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
Apr 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 ...
Carnival Cruise Lines, Inc.
Apr 01, 1992 ... Carnival Cruise Lines, Inc. (NYSE: CCL) on March 16 announced that the agreement to return the Riviera Towers section of the Crystal Palace Resort and Casino to the Hotel Corporation of the Bahamas has been finalized. Effective March 1, 1992, Carnival turned over control and operations of ...
Casas del Sol
Apr 01, 1992 ... Casas del Sol, a new hotel-villa and club resort on Margarita Island, has signed a management contract with Premier Resorts & Hotels, bringing Premier's total to seven in the region. Premier President/CEO Claudio Silvestri says Casas del Sol will grow in several phases. At its June opening, ...
The Central American Railways Commission
Apr 01, 1992 ... The Central American Railways Commission (COCAFER) plans to build a $200 million passenger and freight line linking the five Central American nations and including Mexico and Panama, says the daily La Republica. The Government of Spain, which will lend its ...
CF MotorFreight
Apr 01, 1992 ... CF MotorFreight, of Menlo Park CA, one of North America's largest long-haul trucking companies, has launched expanded less-than-truckload (LTL) service to the Caribbean and Latin America. The company initially is offering service to Jamaica, Barbados, the Dominican Republic and Trinidad & ...
China and Cuba
Apr 01, 1992 ... China and Cuba have signed a 1992 trade protocol under which Havana will, for the first time, export nickel to Peking. Cuba says it will also supply China with sugar, citrus and medical products (such as interferon), while China will deliver food, medicines and spare machinery parts for the ...
Choice Hotels International
Apr 01, 1992 ... Choice Hotels International of Washington DC has opened a 116-room hotel on Grand Cayman, described as the Caribbean's first "high-tech economy Sleep Inn". State-of-the-art amenities such as dataports for personal computers and preprogrammed speed dial telephones are ...
Circuit breakers
Apr 01, 1992 ... Circuit breakers, switches, instruments transformers, arresters, protection equipment and control equipment are sought under SOL 519-0320-CEL-10 for the USAID/El Salvador Public Improvement Project No. 519-0320, relating to the enlargement of the Nuevo Cuscatlan Substation. Bid deadline is ...
Commercial Bank Contacts
Apr 01, 1992 ... Jose Antonio Caro, President, Banco Comercial BHD, S.A., Luis F. Thomen Esq. Winston Churchill, Torre BHD, Santo Domingo, Dominican Republic. Tel. (809) 562-7373. Fax: 809) 562-4396.Rafael Castro, President, Banco del Caribe Dominicano S.A., Gustavo Mejia Ricart Esq. Agustin Lara, ...
Consultants will be recruited
Apr 01, 1992 ... Consultants will be recruited to undertake a comprehensive study "to establish the current state of industrial development in Belize, determine the areas of comparative advantage for industrial investment in the country, and devise an industrial development strategy that would facilitate the ...
The Costa Rican Electricity Institute
Apr 01, 1992 ... The Costa Rican Electricity Institute has invited bids for a series of international tenders to advance its various energy/electrical developments projects:Tenders Nos. 5613 through 5622, supported by World Bank Loan No. 572/OC-CR, for Electrical Development Program II; ...
Cotton towels
Apr 01, 1992 ... Fax: 502-2-365523 . . . Cotton towels. Contact: Compania Industrial Liztez SA, Calz ...
Cuba has offered Belize
Apr 01, 1992 ... Cuba has offered Belize help for its sugar industry, following an agreement signed in Havana February 7 by the two countries to establish consular and commercial relations. Talks were held with Cuban Sugar Prime Minister Juan Herrera Machado on how Cuba, with its advanced agricultural ...
Cuba sugar exports
Apr 01, 1992 ... in January . . . Cuba sugar exports for the period January- October 1991 were 6.398 million tons, about 5% less than he ...
Cuban defense factories
Apr 01, 1992 ... Cuban defense factories have been pressed into service making civilian goods formerly imported from the Soviet bloc, says Prensa Latina, the official news agency. It notes that military ...
Cuba's economy contracted
Apr 01, 1992 ... Cuba's economy contracted by an estimated 24% last year, and could fall another 6% to 11% this year, says economist Gerardo Gonzalez of Havana's Center for the Study of the Americas, who spoke last month at a conference in San Juan, Puerto Rico. "We're moving back to a pre-mercantile ...
Delta Airlines
Apr 01, 1992 ... Delta Airlines has inaugurated new service from Orlando FL to St. Croix. An additional flight to St. Thomas (making two daily) was also begun. The flights compensate for the closing of Pam Am, which ...
Development aid from Finland
Apr 01, 1992 ... Development aid from Finland and a loan from the Nordic Development Bank has been secured by Nicaragua, Minister of Cooperation Erwin Kruger said February 29 in Helsinki at the end of a three-day visit to Finland. "As a result of these talks, we have been able to identify the main fields of ...
Development Bank Contacts
Apr 01, 1992 ... Agro. Pedro Breton, General Manager, Banco Agricola de La Republica Dominicana, Ave. George Washington, Santo Domingo, Dominican Republic. Tel. 809-533-1171. Fax: 809-533-1064.Ing. Caonabo Javier Castillo, President, Banco de Desarrollo Agropecuario SA, Ave. Independencia Esq ....
The Dominican Corp. of State Enterprises
Apr 01, 1992 ... The Dominican Corp. of State Enterprises (CORDE) recently signed a gypsum exploitation contract with Caribbean International Enterprise (CIE), a U.S. firm. CIE will reportedly pay CORDE $5.50 per ton of gypsum exported from its mines in Barahona province. The contract includes construction ...
Dominican Republic forests
Apr 01, 1992 ... Dominican Republic forests are dwindling rapidly to satisfy an increasing demand for wood, charcoal and farmland. But reforestation is slow and ecologists here fear the "Haitianization" of the country's landscape. 500 years ago, what later became the Dominican Republic had some 2.5 million ...
Downtown Kingston is being revitalized
Apr 01, 1992 ... Downtown Kingston is being revitalized by Kingston Restoration Corp. (KRC), a private sector company created by a group of local business leaders. Executive Director Morin Seymour reports that KRC has about a dozen projects underway at any one time, and has renovated 43 buildings. Between ...
El Batey shopping mall
Apr 01, 1992 ... El Batey shopping mall in downtown Sosua (with 24 units, a a rooftop night club, and a studio living unit) is for sale at $1.2 million. All units are ...
An electricity expansion project
Apr 01, 1992 ... An electricity expansion project requires consultants to prepare preliminary and final designs, help to prequalify contractors, and provide technical inspection services. The project will be financed by the Caribbean Development Bank. It consists of: generation plant additions (4 MW diesel ...
Embutidos del Valle
Apr 01, 1992 ... Embutidos del Valle, an RD$15 million chicken processing plant, has begun operations in Santo Domingo. It produces several types of ...
Employees at Aeronica
Apr 01, 1992 ... Employees at Aeronica, the state-run airline, went on strike February 10, to protest a Government plan to sell 49% of the company to TACA Airlines of El Salvador, as part of an effort to privatize the ...
The European Community
Apr 01, 1992 ... The European Community in February rejected Cuba's bid for admission to the Lome Convention, an economic cooperation program which provides trade preferences and other aid from the 12 EC nations to 70 former European colonies. The bid was rejected in a ...
Every Havana resident
Apr 01, 1992 ... Every Havana resident was offered 1.5 pounds of food and vegetables daily in March, in addition to some citric fruits and garden vegetables that go directly from fields to customers. These days, 10 million kilograms of agricultural products are being harvested daily and it was predicted that ...
Exchange Rates
Apr 01, 1992 ... <Pre> Aruba(florin) --1.79 Barbados(dollar) --2.0113 Bahamas(dollar) --1.00 Belize(dollar)--2.00 Bermuda(dollar) --1.00 Cayman Islands(dollar)--0.83 Costa Rica(colon) --139 Cuba(peso) --1.3203 ...
Financing Sources Available
Apr 01, 1992 ... 6. 936 funds are generated by profits deposited in Puerto Rican banks by subsidiaries of U.S. corporations operating in Puerto Rico. As these funds are exempt from U.S. income tax under Section 936 of the Internal Revenue Code, and from Puerto Rican income tax under the Tax Incentive Act, ...
A five-month-long drought
Apr 01, 1992 ... A five-month-long drought has caused heavy cattle losses valued at $14 million in Central Panama, the National Cattle Association said on March 5. It said that milk output had decreased by 15 to 20% in the past 10 months because of ...
The following market research and trade lists
Apr 01, 1992 ... The following market research and trade lists are available from the American Embassy in Tegucigalpa. Each report is available for $10. To order, send check to: U.S. Foreign ...
A forest emergency
Apr 01, 1992 ... A forest emergency has been announced by Government, in order to reduce the loss of forests that are calculated at 150,000 hectares annually. It also asked for an aid package of $10.5 million from the international community. The Nicaraguan Institute of Natural Resources (IRENA) has ...
Four Caribbean Community (Caricom) member states
Apr 01, 1992 ... Four Caribbean Community (Caricom) member states have agreed to implement measures to facilitate "hassle-free" travel in the region for Caricom citizens. Other states in the 13-nation economic community have made commitments to put in place measures which would make it easier for Caricom ...
Government has applied for a $60 million loan
Apr 01, 1992 ... Government has applied for a $60 million loan from the World Bank for its Energy Sector Deregulation and Privatization Project, to finance the next installment of its generating capacity, comprising a 3 x 20 MW low-speed diesel, followed by a 2 x 30-35 MW combustion turbine. The ...
Government plans to spend a record $78 million
Apr 01, 1992 ... Government plans to spend a record $78 million on capital projects this year, to boost employment. The 1992 budget includes $20 million towards a $70.5 million incinerator plant, and $9.5 million towards a new $40 million prison. Finance Minister David Saul has also announced plans to issue ...
Guyana and Israel
Apr 01, 1992 ... Guyana and Israel are restoring diplomatic relations after an 18-year break. The two countries are discussing accrediting ambassadors. Guyana broke ties with the Jewish ...
The Haitian Studies Association
Apr 01, 1992 ... The Haitian Studies Association holds its 4th annual conference October 16-17 at the, Richardson Conference Center, Tufts University, Medford MA. Panels will be devoted to a number of subjects, including: political history, political economy, foreign policy, economics, development, ...
Haiti's economy
Apr 01, 1992 ... Haiti's economy, long the poorest in the hemisphere, has sunk to new depths as a result of political turmoil and economic isolation, following the September 30, 1991 overthrow of Jean-Bertrand Aristide, its first democratically elected president. Many fear that an economic embargo that shut ...
Heart pacemaker manufacturer
Apr 01, 1992 ... Heart pacemaker manufacturer Medtronic Inc. (based in Minneapolis MN) will add 60 workers to its workforce of 510 at two island plants (Villalba, Humacao) and may invest several million to in plant and equipment, to meet rising demand, ...
Hess Oil Virgin Islands Corp.
Apr 01, 1992 ... Hess Oil Virgin Islands Corp. will increase its total workforce on St. Croix from 1,600 to 2,800 by the end of the year as a $900 million project to build a catalytic cracking complex is begun (completion date is late 1993), says Vice President Alex Moorehead. The company laid ...
Hill and Knowlton Inc.
Apr 01, 1992 ... Hill and Knowlton Inc. has been appointed public relations agency for the Bahamas Ministry of Tourism, with worldwide responsibility except for Canada. The appointment, says Prime Minister Sir Lynden Pindling, "comes as part of the heightened initiatives being taken by the Ministry of ...
Honduran authorities
Apr 01, 1992 ... Honduran authorities called March 10 for an international team to inspect the reported settlement of Salvadoran rebels in disputed pockets of land along the Honduras-El Salvador border. Honduras claims that hundreds of rebels of the Farabundo Marti National Liberation Front, or FMLN, and ...
Hotel owners and managers
Apr 01, 1992 ... Hotel owners and managers in Belize have formed a Belize Hotel Association. President Alma Edwards says the group has 30 members, and should expand to 60 in a few weeks. BHA members say they hope to cooperate on joint marketing efforts, especially ...
Indian Commerce Minister P. Chidambaram
Apr 01, 1992 ... Indian Commerce Minister P. Chidambaram said March 9 that India was considering to supply 20,000 tons of rice to Cuba instead of wheat requested by Havana. He told the lower house of parliament in New Delhi that India may supply 10,000 tons of rice in the "near future" after reviewing ...
The Inter-American Investment Corporation
Apr 01, 1992 ... The Inter-American Investment Corporation (IIC) and Guyana Furniture Manufacturing (GFM) signed agreements for a $500,000 loan and a $300,000 equity investment, the IIC said on March 9. The financing will support a project that produces high-quality solid hardwood doors primarily for export ...
The International Monetary Fund
Apr 01, 1992 ... The International Monetary Fund (IMF) has approved the use of its resources by the Republic of Panama totaling the equivalent of Special Drawing Rights (SDR) 130.38 million (about US$179.12 million). Of this total, up to SDR 93.68 million (about US$128.70 million) may be drawn over the next ...
An international union
Apr 01, 1992 ... An international union on February 25 brought a $1 billion suit against Government and a pharmaceutical firm, charging widescale fraud in transferring "runaway" plants to Puerto Rico for tax benefits. The class action suit, filed on behalf of discharged workers at two U.S. pharmaceutical ...
Israel and Cuba
Apr 01, 1992 ... Israel and Cuba, long adversaries, are rumored to be discussing a tourism program that would bring Israeli visitors to this Caribbean island. The talks also reportedly include ...
The issue of an EC$30 million 10-year development bond
Apr 01, 1992 ... The issue of an EC$30 million 10-year development bond on March 1 has evoked a good initial response, says the Finance Ministry. The issue, in denominations ranging from EC$10,000 to EC$100,000, carries an interest rate of 7.5%. Proceeds are expected to finance projects ...
Kmart plans its first expansion
Apr 01, 1992 ... Kmart plans its first expansion to the U.S. Virgin Islands, where it will open two stores in shopping malls (one in St. Thomas, the other in St. Croix), says Alan Olds, regional manager in ...
LACSA
Apr 01, 1992 ... LACSA, the national airline, with funding from a Japanese investor (Sanyo Oil), is spreading its wings beyond Costa Rica by setting up its base in San Jose as a "bridge" to Central and South America, says Miami-based marketing manager Larry Waterman. LACSA in 1991 expanded its flights by ...
A letter of intent
Apr 01, 1992 ... A letter of intent to sell the Condado convention center and hotel complex has reportedly been signed by Pridco with an interested party, according to Caribbean Business. It is rumored that Carnicon Management Associates (a U.S. hotel ...
A local health food manufacturer
Apr 01, 1992 ... A local health food manufacturer requires supplies of soybeans suitable for making tofu. Quantity: 30,000 lbs. per month. Details: Verna James, Creole ...
Locomotive and rail car accessories and components
Apr 01, 1992 ... Locomotive and rail car accessories and components are sought under SOL CNI-865,280-05, with bids due by April 24, 1992. Details: Maria Teresa Arias, Panama Canal ...