Fortress Fund Managers (FFM) may see significant benefits for their Barbados dollar funds as global interest rates begin to decline. In FFM's June 2024 quarterly report, it was highlighted that the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and the Fortress Caribbean Pension Fund are well-positioned to take advantage of this global trend. View Commercial Properties...
The Public Investment Fund (PIF) of Saudi Arabia has formed a multi-year partnership with Concacaf, setting the stage for significant advancements in football throughout the Caribbean. This collaboration aims to grow the sport at all levels across the region, with a particular focus on increasing opportunities and fostering a passion for football in Caribbean nations. This partnership is designed to...
The Government of Barbados is crafting a comprehensive modern industrial policy aimed at strengthening local manufacturers and enhancing their ability to compete in international markets. This announcement was made by Minister of Industry, Innovation, Science, and Technology, Marsha Caddle, during the Barbados Manufacturers’ Association’s (BMA) 60th anniversary Mix & Mingle event at Hayman’s...
President Donald Trump's corporate trust is in the process of selling a multimillion-dollar Caribbean resort, sparking renewed ethical debates. The property, known as Le Chateau des Palmiers, boasts two villas and five acres of prime beachfront on French St. Martin. This sale raises questions about potential conflicts of interest, as wealthy buyers may seek to gain favor with the administration by...
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CARICOM member states have made significant strides in their renewable energy (RE) efforts, achieving a commendable 12% RE electricity penetration by 2022. This progress, while falling short of the original goal of 27%, marks a crucial step in the region's energy transition towards sustainability. This milestone was highlighted during a webinar hosted by The Caribbean Centre for Renewable Energy and...
Barbados continues to thrive as a top tourist destination, earning its reputation as the "gem of the Caribbean Sea" with its stunning beaches, clear waters, rich culture, and hospitable locals. Tourism growth is expected in the upcoming years and according to the Barbados Statistical Service, in 2023 the island welcomed 636,540 visitors, and early data for 2024 shows a noticeable increase in arrivals...
In a recent interview with Vidwat Keshan, Associate Editor of Travel And Tour World, Cheryl Carter, Chief Operations Officer of Barbados Tourism, shared key insights on the island's evolving strategies to enhance its global tourism appeal. Speaking from the Arabian Travel Market (ATM) 2024, Carter discussed the initiatives that are positioning Barbados as a premier destination for luxury weddings, MICE...
LIAT, the well-known regional carrier that had ceased operations for several years, has returned with a fresh identity: LIAT 20, or LIAT 2.0. The airline recently marked its comeback by launching its first official flight from Antigua to Saint Lucia. “The Caribbean has long needed more robust connections between our islands. LIAT20’s expansion plans are a promising step in that direction,” said...
