Barbados has been designated as the new global hub for Small Island Developing States (SIDS), following a landmark agreement signed at the UNCTAD Global Supply Chain Conference held at the Lloyd Erskine Sandiford Centre in Barbados. The agreement, signed by Gerd Muller, Director General of the United Nations Industrial Development Organisation (UNIDO), and Kerrie Symmonds, Minister of Foreign Affairs...
The Caribbean Hotel and Tourism Association (CHTA) proudly introduces its revolutionary guidebook, "Artificial Intelligence Transformation Guide for Caribbean Tourism." This groundbreaking project, led by the CHTA Technology Task Force, represents a major milestone as the first AI-focused guidebook released by a regional Hotel and Tourism Association. Authored by Christus Gill with the support of AI...
The forthcoming Banyan Tree Bimini Resort & Residences will be the first Banyan Tree Resort and Residences to open in the Caribbean, bringing an unparalleled level of luxury to the Bimini, Bahamas real estate market. This elite development by Rockwell Island Development Group promises to become a prime destination for discerning property investors and residents. Elevating Caribbean Real...
A spectacular 250-acre private island in the Caribbean is now on the market, offering a nearly turnkey experience. Located in the Berry Islands of The Bahamas, Bird Cay is just a 30-minute flight from Nassau and has recently undergone a major construction project, adding 11 new beachfront cottages. With approximately 4.75 miles of water frontage, the island is powered by extensive solar arrays and...
Barbados, known for its rich culture, pristine beaches, and welcoming climate, presents a myriad of opportunities for investors looking to enter the Caribbean real estate market at various price points. With its growing popularity among tourists and investors alike, Barbados has become a hotspot for those seeking lucrative investment options. Here are some ways to tap into this thriving...
The economies of the Caribbean region are returning to pre-pandemic growth levels, and CIBC Caribbean attributes this recovery as a key factor in its robust performance for the first half of its financial year. The Barbados-headquartered regional financial institution recently released its unaudited consolidated statement of comprehensive income for the six months ending April 30. The financial report...
The allure of Caribbean real estate extends far beyond its stunning vistas and vibrant cultures; it presents a lucrative opportunity for investors. Investing in Caribbean properties, especially in nations offering citizenship by investment (CBI) programs, can yield substantial rewards. Navigating the Investment Journey Here’s a detailed roadmap for investing in Caribbean real...
Barbados has secured a substantial low-cost loan from the British government, amounting to £300 million (approximately BDS$773 million), to advance its climate resilience initiatives and economic sustainability goals. This significant financial boost was announced by Ryan Straughn, the Minister in the Ministry of Finance and Economic Affairs. The funding, provided by the United Kingdom Export Finance...
Sports play a crucial role in Barbados' tourism industry, according to Kamal Springer, Sports Manager at the Barbados Tourism Marketing Inc (BTMI). Speaking to pupils at Eagle Hall Primary School during their Male Week initiative, Springer emphasized the significant economic impact of sports tourism on the island. Under the theme "Today’s Boys, Tomorrow’s Tourism Stars," Springer encouraged...
A transformative $2 billion project named Esencia is set to redefine the Caribbean hospitality landscape, positioning Puerto Rico as a premier luxury destination. This ambitious venture, led by British billionaire brothers David and Simon Reuben, in collaboration with Roberto Ruiz and Will Bennett of Three Rules Capital, aims to inject vitality into the region's economy and tourism sector. Situated in...