Caribbean countries are bracing – and are warning their populations – about stringent economic times as the fall out from the financial global crisis continues to descend on them.
Jobs have already been lost, not only in the tourism sector on which most of the regional countries depend on, but also from manufacturing and processing and [...]
Archive for February, 2009
Global crisis impacting the Caribbean:
Posted in Business articles, Caribbean on February 26, 2009 | Leave a Comment »
That nagging criminal gang challenge:
Posted in Uncategorized on February 22, 2009 | Leave a Comment »
Jamaica’s Minister of National Security, Colonel Trevor MacMillan last week gave a chilling description of the current crime situation facing the Caribbean. “Merciless, terrifying and frighteningly magnified,” were the words he used to describe the violent environment that has befallen many countries in the region.
His words are ringing true as almost two months into the [...]
More challenges for Caribbean tourism
Posted in Business articles on February 9, 2009 | 1 Comment »
The tourism sector in the Caribbean, enjoying some stability after the devastating fall-out of the 9/11 events in the United States, is again facing major threats – this time from the world wide global credit crunch.
Hotels around the Caribbean are reporting sharp declines in occupancy rates, jobs are being scaled down in the hospitality industry [...]
Companies pull out projects in Trinidad; gloomy outlook for energy sector:
Posted in Business articles on February 9, 2009 | Leave a Comment »
Trinidad and Tobago’s energy minister Conrad Enill painted a gloomy outlook for the oil and gas sectors, noting that three companies have already pulled out from investing in the country while government is revising major energy downstream projects in light of falling oil prices.
Trinidad and Tobago has already suffered a major blow to its revenue [...]
A timely intervention:
Posted in Caribbean on February 8, 2009 | 2 Comments »
For several months, there were whispers among the corporate circle that all was not well with some subsidiaries of the Trinidad-based conglomerate CL Financial.
The conglomerate had over-stretched itself this time, according to the hushed discussions, conquering the globe with rapid investments in energy, real estate, spirits, insurance, banking, manufacturing and distribution.
The issue broke into the [...]
