IDB Invest, which is part of the Inter-American Development Bank (IDB) and works with private companies, has raised $750 million by selling a bond under its Global Debt Program. A bond is basically a loan investors give to an organization, and in return, they get interest over time. This bond will last for 2.5 years, and it pays 3.625 percent interest every six months. The price of the bond was set at a...
Barbados is poised to make history with the launch of the world’s first vehicle powered by renewable natural gas (RNG) derived from Sargassum seaweed, Blackbelly sheep manure, and rum distillery wastewater. This innovative project, a result of over a year of research by the University of the West Indies at Cave Hill, marks a major step in renewable energy development. The initiative, spearheaded by...
Virgin Voyages is ringing in the new year with a series of festive sailings through the Caribbean. As 2024 draws to a close, travelers are invited to celebrate New Year’s Eve against the backdrop of sun-soaked beaches and crystal-clear waters. The cruise line will offer a range of options for ringing in 2025. Scarlet Lady and Valiant Lady will embark on Caribbean journeys from Miami, with stops at...
The Strand Turks and Caicos, a premier luxury resort community situated along 2,230 feet of pristine oceanfront in Providenciales, is gearing up for its grand opening on November 23, 2024. With limited availability, this highly anticipated resort promises to redefine exclusivity in the Caribbean, offering a blend of luxurious accommodations, world-class amenities, and unforgettable experiences that...
Starting January 2025, Barbadians will need to obtain advance permission before traveling to the United Kingdom, as part of the UK government’s plan to digitize its border and immigration systems for enhanced security. On Tuesday, the British government announced implementation dates for its new Electronic Travel Authorisation (ETA) scheme, which will soon impact travelers from the...
The Barbadian government is addressing long-standing concerns about the ease of doing business in the country with several new initiatives, according to Minister of Energy and Business, Senator Lisa Cummins. During the launch of Global Business Week 2024, Senator Cummins outlined key strategies aimed at simplifying business processes, modernizing outdated legislation, and making the island more...
BWH Hotels, the global hospitality giant known for brands like Best Western and SureStay Hotels, has been making significant strides in expanding its presence across the Caribbean. This includes newly opened properties in Aruba and Curaçao, with a robust pipeline of additional hotels set to launch throughout the region. In an interview with Caribbean Journal Invest, Bill Clegg, Regional Director of...
A regional gathering focused on "Financing Circular Economy Solutions for Waste Management" concluded on September 6. Funded by the EU's Zero Waste in the Caribbean initiative and co-financed by German Cooperation alongside CARIFORUM, the meeting brought together over 60 waste-management experts to explore financial solutions for transforming waste into opportunities within the circular economy. Held...
Minister of Tourism and International Transport, Ian Gooding-Edghill, has urged for enhanced collaboration among key tourism stakeholders across the Caribbean, emphasizing their pivotal role in driving the region’s economic progress. Speaking at the ASTA Caribbean Showcase in Curaçao, Gooding-Edghill highlighted the importance of governments and tourism agencies strengthening alliances to boost the...
The Caribbean Hotel and Tourism Association (CHTA) has selected Antigua and Barbuda as the venue for the 43rd Caribbean Travel Marketplace (CTM), set to take place from May 18-22, 2025. This major event will draw global buyers and regional suppliers, positioning Antigua and Barbuda as a rising star in Caribbean tourism. “Our twin-island nation is now a focal point for international travel and...