OECS Business Focus Weekly Issue No.6

 

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Welcome to OECS Business Focus Weekly Issue No.6

Regional Business News for informed decision-making.

“Capitalize On Linkages In Tourism”, Jamaican Tourism Minister Says

Jamaica’s Minister for Tourism, Edmund Bartlett, says the Caribbean needs to take advantage of the linkages that exist in the tourism sector.

Bartlett said linkages exist in such sectors as food and beverage, shopping, health and wellness, nutroceuticals, venues for conventions and other events, among others

Bartlett said that while some aspects of the industry are open to foreign control, such as marketing and investment, “the things that the visitor eats, the things that the visitor wears, the things that the visitor drinks, the experience that the visitor consumes in our destinations must be owned by us and that way the money stays with us”.
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IDB Invest Partners with Unicomer Group to Provide Loan Support for Low Income Citizens

IDB Invest, the private sector institution of the IDB Group, has disbursed financing of up to US$15 million to Unicomer Trinidad, part of the Unicomer Group. This is a medium-term, local currency loan. The funds are intended to finance the client portfolio of Unicomer Trinidad, with a particular focus on reaching low-income citizens.

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New Baggage Restriction on US Flights

A new restriction has been imposed on carry-on baggage for passengers flying to the United States.
Effective June 30, following a directive to airlines from the United States Transportation Security Administration (TSA), any “powder like substance” with the exception of baby formula, medically prescribed powder-like substances and human remains, will be forbidden in carry-on and cabin luggage if the quantity of the substance is over 350 millilitres, 12 ounces or 350 grams.

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UWI Seeks to Educate Caribbean Leaders on Climate Change

Despite the technological and other advances since 1951, the political will to make the well-needed appropriate investments in climate change adaptation and mitigation policies and strategies remains a vitally important missing link in the development agenda of most regional states.

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Antigua to Acquire Machines to Help Fight Sargassum Seaweed

Equipment to help in the fight against the Sargassum Seaweed is expected to arrive in Antigua shortly.
This follows a request made to Martinique at the recently concluded Organisation of Eastern Caribbean States (OECS) meeting of the Council of Ministers of Environmental Sustainability in Montserrat, for assistance in identifying the suitable equipment.

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Construction of Sandals Beaches in Barbados to Start Next Year

Construction of the multi-million-dollar Sandals Beaches hotel in St Peter is going ahead despite the current bleak economic climate in Barbados.

Sandals International Group Deputy Chairman Adam Stewart says this assurance has been given to Prime Minister Mia Mottley during meetings held between the Prime Minister and the Sandals Executives.

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TEECA Programme Hosts Business Retreat in Martinique to Enhance Trade and Investment

A group of 15 Organisation of Eastern Caribbean States (OECS) small and medium-sized enterprises (SMEs), together with their counterparts from Martinique, participated in a business retreat held in Martinique from July 1 – 3, 2018, as part of the recently established Trade Enhancement for the Eastern Caribbean (TEECA) programme.

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Cruise Passenger Arrivals to St Kitts Exceed One Million for the First Time

St Kitts received its millionth cruise passenger on Monday last, reaching the key number of arrivals that gives the island marquee port status for the first time in its history.

“I am deeply gratified to welcome over one million cruise passengers to our shores as of today,” said Lindsay Grant, Minister of Tourism, International Trade, Industry and Commerce. “It is particularly significant that this historic occasion is taking place now, as we have over two months left in the 2017-2018 cruise season to increase arrivals even further. Reaching this milestone at this point in time is truly a testament to the strength of our relationships with the cruise lines and to the continuing appeal of our tourism product.”

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European Union Steps Up ₤30 Million Support for Hurricane-Hit Caribbean Countries

Representatives of the European Union (EU) and the governments of Antigua and Barbuda and Dominica on July 17 signed agreements in support of the post-hurricane recovery and reconstruction efforts in those Caribbean Community (CARICOM) member states. The financing agreements amount to €30 million (US$35 million).

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Contents 

 

Jamaica Government to spend US$40k on Tablets for Teachers

The Jamaica Government will be spending $5,234,800 or US$40,000 to provide additional tablets to equip teachers involved in the Science, Technology, Engineering and Mathematics (STEM) programme.
Science and Technology Minister Dr Andrew Wheatley made the announcement this week while addressing the opening ceremony of the Excellence in STEM Experimental Education workshop at the Excelsior Community College in St Andrew.

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Cuba Lifting Freeze on New Private Tourism Businesses

A 16-month freeze on new private restaurants and bed-and-breakfasts will end in December when Cuba's communist government implements new regulations meant to prevent tax evasion and the accumulation of wealth, state media has reported.

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How Apple App Store Changed Our World, a Decade Later

A decade ago, Apple opened a store peddling iPhone apps, unlocking the creativity of software developers and letting users truly make their mobile devices their own.

The resulting explosion of phone apps - there are now more than two million for the iPhone alone - has changed daily life for billions of people around the world.

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UK Trade Commissioner to Latin America and the Caribbean visits the Region

The UK’s HM Trade Commissioner to Latin America and the Caribbean, Joanna Crellin, visited Barbados from June 22 to 23 as a part of a regional tour, which included Jamaica, Guyana and Trinidad and Tobago.  

The Trade Commissioner’s schedule in Barbados included meetings with Foreign Trade Minister Sandra Husbands, as well as representatives from the Caribbean Development Bank (CDB).

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St Lucia Imposes Visa Requirement on Venezuelans; Waived for Chinese Citizens

Pursuant to Cabinet conclusion No. 292 of 2018, which decided that Venezuela is a threat to Saint Lucia’s national security and that China should enjoy most favoured economic and political status, the government has imposed a visa requirement for Venezuelans and waived it for Chinese citizens.

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Delta Petroleum Supports Summer Safety Programme In St. Kitts and Nevis

The 16th Annual Summer Safety Programme organized by the St. Kitts and Nevis Fire and Rescue Services (SKNFRS) got off to an excellent start on Monday, July 16 with hundreds of children eager to make new friends and learn safety practices that they can apply in their daily lives.
 
The theme this year was “Protecting the Future of our Federation through Fire Safety Awareness”.

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Global Travel Magazine Gives Top Marks To Saint Lucia’s Jade Mountain And Anse Chastanet

 

Jade Mountain resort is the number one hotel in St. Lucia, according to readers of the influential Travel + Leisure (T+L) magazine, which also placed its sister hotel, Anse Chastanet, in the top five on the island.

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Find more OECS Business information in
the OECS Business Focus Issue #9.
Contact Your Local Chambers of Commerce a Free Printed Copy.
www.oecsbusinessfocus.com

 

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