Business News

CDB mum on Dr Gene Leon’s ‘immediate effect’ resignation

The Caribbean Development Bank (CDB) Tuesday remained mum on the resignation of its president, Dr Hyginus ‘Gene’ Leon, who has also threatened to file a lawsuit against the region’s premier financial institution.

Grenada to host Caribbean Investment Summit

Representatives from companies as well as individuals working in the Citizenship by Investment sector and or investment migration programmes will gather in Grenada from 22–25 May 2024 for a summit where they will discuss and explore the latest trends, share insights and forge strategic partnership.

IDB’s Board of Governors approve three historic, transformative changes to Support...

The Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest approved three transformative changes to increase the impact and scale of the IDB Group’s development work in Latin America and the Caribbean, including a new Institutional Strategy and a $3.5 billion capital increase to support a new business model for IDB Invest, the Group’s private-sector arm. 

Guyana could satisfy region’s need for refined sugar by 2027

President Dr Irfaan Ali says refined sugar from Guyana could be used across the region in place of existing imports. 

Caribbean economies on the rebound, says CDB’s Chief Economist

The Caribbean Development Bank has indicated that the majority of Caribbean economies are on the rebound, with the CDB forecasting an average growth rate of 8.6 per cent for its 19 Borrowing Member Countries in 2024.  

SVG PM not prepared to comment on situation involving CDB president

St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves on Wednesday said he is not prepared to comment on the ongoing situation regarding the embattled President of the Barbados-based Caribbean Development Bank (CDB) Dr Hyginus “Gene” Leon, who has been sent on administrative leave since January. 

Regional Energy Chamber launched at Guyana Energy Conference

A new regional non-governmental organisation – the Caribbean Energy Chamber – was launched in Georgetown on Monday at the sidelines of the 2024 Guyana Energy Conference and Supply Chain Expo.

Regionally produced brown sugar available, says Caribbean association

The Sugar Association of the Caribbean (SAC) is advising that there’s no need to import brown sugar as there are many options available in the region. 

Montserrat’s First National Risk Assessment on Money Laundering & Terrorist Financing...

The Government of Montserrat, through the National Anti-Money Laundering and Countering Terrorist Financing Committee (NAMLAC) announces the publication of the island’s first National Risk Assessment (NRA) 2023.

Japan loses its spot as the world’s third-largest economy

Japan's economy is now the world's fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany.