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 the ‘Business articles’ Category
Global crisis impacting the Caribbean:
Posted in Business articles, Caribbean on February 26, 2009 | Leave a Comment »
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 [...]
