By Lincoln DePradine Jamaica-born Letna Allen-Rowe, a businesswoman and an author, is a cancer survivor with strong optimism that a cure for the disease will be discovered. “It might not happen in my lifetime, but I’m sure, as there is a God, it will happen,’’ Allen-Rowe told the Caribbean Camera last Sunday at a health […]
WASHINGTON,—The World Bank says remittance flows into Latin America and the Caribbean grew by 10 per cent to US$88 billion last year supported by a strong United States economy. The Washington-based financial institution said Mexico continued to receive the most remittances in the region, posting about US$36 billion in 2018, up 11 per cent over […]
The Jamaica-based Fly Jamaica Airways says it is making the jobs of all staff redundant as of Sunday, saying the lack of planes to carry out operations has left it without any other alternative. In a March 29 letter signed by chairman and chief executive officer Paul Ronald Reece, the airline, which has been trying […]
PARAMARIBO, Suriname –The Suriname-based Caribbean Community (CARICOM) Competition Commission says the intended sale of Scotiabank’s assets in nine Caribbean countries could have anti-competitive effects in at least three CARICOM member states. “The Commission remains cognisant of the provisions of Article 175 of the RTC (Revised Treaty of Chaguaramas) and at this time reminds national competition […]
PORT OF SPAIN, Trinidad – The United States says it is providing US$1.6 million to Trinidad and Tobago to assist Venezuelans fleeing the economic and political situation in that South American country. A statement issued by the US Embassy here said that the funds have been made available through the United States Agency for International […]
BASSETERRE, St Kitts – The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintechcompany, Bitt Inc. (Bitt) have signed a contract to conduct a first-of-its-kind blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean. The Bank, which serves as a central bank for Antigua and Barbuda, Dominica Grenada, St Lucia, St Vincent and […]
By David Jessop Health tourism is an enormous and highly competitive global business. Reliable estimates indicate that by 2021 the worldwide health tourism market will reach somewhere between US$46.6bn and US$125bn per annum, and is experiencing a compound annual growth rate of somewhere between 13% and 19%. In contrast the World Travel and Tourism Council […]
By Lincoln DePradine The ownership and control of Toronto’s carnival have been a contentious issue between the FMC and community stakeholders of the festival, which began in 1967 as Caribana. The City of Toronto, citing management and financial concerns in 2006, withdrew funding for the Caribbean Cultural Committee (CCC) that had overseen and produced Caribana […]
The following is a statement from the government of Cuba regarding the current situation in Venezuela: The Revolutionary Government of the Republic of Cuba condemns the escalation of pressures and actions by the US government in preparation for a military adventure under the guise of a “humanitarian intervention” in the Bolivarian Republic of Venezuela, and […]
ST JOHN’S, Antigua — The Antigua and Barbuda government has raised new concerns regarding the sale of Scotiabank operations here amid reports that the financial institution may be examining an alternative to paying severance to workers following the decision to sell its operations in nine Caribbean countries. Prime Minister Browne, who has publicly expressed reservations […]
