The next few years will see more countries jockeying for investors, operators, and developers in free zones. Among other factors, success will depend on transparent and sustainable government policies.
A drill-down on location research for your next Caribbean or Latin American business site
Jamaica Reaches Out to the Dominican Republic with Business Delegation
Smart approaches to strategic differentiation, communication and “boots on the ground” engagement is becoming increasingly critical to engaging with international investors.
Dominican Republic Signs Telecommunications Promotion Pact with Colombia
The pact will facilitate the exchange of information between Colombia and the Dominican Republic on good practices for digital transformation and connectivity.
Arajet Executing on Plan to Make Dominican Republic an International Low-Cost Airline Hub
Santo Domingo based low cost airline Arajet has announced ...
PriceSmart Announces Further Expansion into Guatemala with New Warehouse Club Location
PriceSmart has announced the development of a new warehouse club in Guatemala, just at the eve of the earnings report for the second quarter of 2023.
The First Dominican Republic Week in Jamaica Took Place February 20-25
The initiative was the brainchild of Ambassador Angie Martinez who, upon her arrival in Jamaica set out to forge closer trade and investment relations between the Dominican Republic and Jamaica.
interCaribbean Airways Expands Fleet, Travel Destinations
interCaribbean founder Lyndon Gardiner says the focus is on expanding connectivity in the eastern Caribbean.
Jorge Sequeira Picado Retires from Costa Rica’s CINDE Investment Promotion Agency
CINDE Senior Manager Margarita Umaña has been designated as the point person to aid in the transition.
Outsourcer Glowtouch Bets Big On The Dominican Republic – Not Just For CX, But IT Talent As Well
...So our goal is to have an additional…at least two more locations in other nearshore geographies and we are continuing to evaluate other nearshore locations.
Indotel’s Julissa Cruz Is Raising The Dominican Republic’s Level of IT Competitiveness
Finance Americas Executive Editor Loren Moss was recently in ...
Insight Crime: How The Dominican Republic Became The Caribbean’s Cocaine Hub
In this 1st of a 3 part series, Dominican Port authorities tell Insight Crime about their struggle against narcotraffickers.
Insight Crime: Cesar Peralta aka El Abusador, The Dominican Kingpin
César Peralta is arguably the most successful Dominican trafficker in recent decades but he did not operate in a vacuum.
Bahamas Relaxes COVID Travel Requirements, Health Visas No Longer Necessary
Fully vaccinated travelers will no longer be required to submit to pre-travel COVID-19 test results to enter the country.
Caribbean Common Market Countries & Colombia Reopen Trade Talks
Since 1994, CARICOM member countries have invested $5 billion USD in Colombia
Carnival Cruise Line Begins Construction On Grand Bahama Cruise Port
Construction on the Cruise Port is estimated to be completed in November 2024.
Bahamas Government Working To Promote Air Travel With Colombia
The official confirmed plans for a possible launch of direct air service from Bogotá into Grand Bahama, during the latter part of 2022.
Dominican Airline Orders 20 737 Max Aircraft From Boeing
Tourism makes up 8.4% of the Dominican Republic's GDP.
Wingo Launches Flights Between Santo Domingo & Medellín, Colombia
Flights between Santo Domingo & Medellín begin March 28, and start at $194 USD round trip
PriceSmart Announces “Stellar” Results For Quarter Ending November 30, 2021
In many markets PriceSmart is the only reliable source for high quality grocery imports from the US, such as whole turkeys or authentic bacon, ham, cheeses & condiments.
Viva Air Launches Flights Between Punta Cana, Dominican Republic And Colombia
Viva will initially fly between Medellín (MDE) and Punta Cana (PUJ) on Mondays, Wednesdays, Fridays and Sundays.
Digicel Builds Subsea Cable, Improving Connectivity In Southern Caribbean
The cable will connect French Guiana, Suriname, Guyana and Trinidad & Tobago, with the capability to connect offshore oil and gas rigs in the area.
Bogotá & San José To Host TecnoEdificios, Refriamericas & CleanTec In-Person Conventions In November
This event will be held along with Refriaméricas, SolarTec, & CleanTec Show, expos for the air conditioning and refrigeration industry, and for the professional cleaning industry.
Jamaica To Receive New Ambassador From Colombia
"You will also have the task of putting Colombia, which is a Caribbean country, on that agenda," said Duque, after taking Clopatosky’s oath, who had served since 2018 as Presidential Advisor for the Participation of People with Disabilities.
New Book From The Editors Of Finance Americas – Doing Business In The Bahamas: The Bahamas as a Nearshore Business, Operations & Investment Destination
The Bahamas deserves close consideration for specialty & high value BPO and nearshore service delivery site selection, as well as consideration by remote worker professionals, digital nomads, and lifestyle entrepreneurs. This new book provides valuable information.
Punta Cana Wins Twice-Weekly Flights From Medellín, Colombia Via Wingo
Saturday, Copa Airline’s low-cost subsidiary Wingo began operating flights between Medellín Colombia and the resort destination of Punta Cana, Dominican Republic, with rates starting at $199 round trip, and including one penalty-free date change.
Caribbean, LatAm Countries Included In USA’s New Travel Ban On Dogs Starting July 14
The United States Centers for Disease Control and Prevention ...
PriceSmart Reports Double Digit May Sales Increase
Fiscal year to date, which includes the nine months ended May 31, 2021, net merchandise sales increased 7.3% to $2,594.3 million from $2,418.8 million for the nine months ended May 31, 2020.
PriceSmart Declares Dividend, Names New Directors, Reports Sales Up 5.2% For January
PriceSmart, Inc. (NASDAQ: PSMT) earlier this week declared an ...
JAMPRO Wins Top Accolades In Stevie Awards
JAMPRO won gold in the “Sales Process of the Year” category, and Diane Edwards (above), the agency’s president, also won gold as “Business Development Executive of the Year.” Edwards also won silver in the “Woman of the Year in Sales” category.
Montserrat Launches Tax-Free Remote Worker Visa For Digital Nomads Craving A COVID-Safe Caribbean
The stamp is valid for 12 months but may be renewed. Applicants taking advantage of the program will be exempt from any Montserrat Income Tax.
Mexico Introduces Legislation To Ban Outsourcing
The proposal was widely criticized by business groups when AMLO first mentioned it in late October, saying the change would further harm Mexico’s economy when it is still reeling from the effects of the COVID pandemic.
Insight Crime: Jamaica Has Highest Homicide Rate In The Americas
Breaking from an overall decrease in “serious” crimes last year, shootings across the nation rose. Gangs in Jamaica and Haiti have reportedly been engaged in a deadly trade where marijuana is exchanged for guns. Boats loaded with up to 3,000 pounds of cannabis have been heading from Jamaica to nearby Haiti, where drugs are swapped for handguns and high-powered assault weapons, according to an investigative report by the Jamaica Gleaner.
Fitch Expects A Reset For Caribbean & Latin American Relations With Biden – Harris
While attempts to counter Chinese influence could involve greater deployment of U.S. development funds and private investment, there may be tensions, for example regarding Chinese business interests and investment in the region, like in the telecoms sector.
PriceSmart Announces Positive December Results, Currency Challenges In Trinidad
PriceSmart, Inc. (NASDAQ: PSMT) Net Merchandise Sales grew 2.8%, after negative 3.1% FX impact. Comparable Net Merchandise Sales decreased 1.7%, after 2.9% negative FX impact. E-Commerce Penetration was 2.8% of Total Net Merchandise Sales
Global Personal Freedom Declines Notably According to New Human Freedom Index
The HFI captures the degree to which people are free to enjoy important rights such as freedom of speech, religion, association, and assembly, and measures freedom of movement, women’s freedoms, crime and violence, and legal discrimination against same-sex relationships. While economic freedom around the world has increased slightly since 2008, the report finds that of the 12 major categories that make up the index, all but five have seen some deterioration, with Religion, Identity and Relationships, and Rule of Law seeing the largest decreases since 2008.
PriceSmart Announces Plans to Build Two New Warehouse Clubs in Jamaica & Guatemala
Once open, these would be PriceSmart's second location in Jamaica, and its 5th location in Guatemala.
Fitch Ratings Says LatAm Electricity Sector Should Remain Resilient Through Pandemic
Fitch expects the pandemic to affect overall revenues and leverage, but electric corporates generally have sufficient leverage and liquidity to absorb shocks.
Survey Reveals Optimism for Future of Business and Investment in Central America
Biz Latin Hub conducted a survey asking for participants’ perceptions of doing business in Latin America. Notably, several Central American countries received mention from respondents as key opportunities for business development and growth in the region.
Despite Coronavirus Restrictions, PriceSmart Sales Down Less Than 2% In June
PriceSmart, Inc. (NASDAQ: PSMT) announced that for June 2020 net merchandise sales decreased 1.5% to $249.2 million USD from $253.1 million in June a year earlier in its warehouse clubs in The Caribbean & Latin America.
Over 30,000 May Die In Caribbean From COVID-19 Says University of Washington Institute
Caribbean mortality projection: 8,231 Central America mortality projection(ex-México): 22,546
Spirit Airlines Fined By US Government For Violating Passenger Rights, Unethical Behavior
Spirit was found guilty of undercompensating passengers, forcing them to sign untruthful documents, and denying their rights after overbooking flights.
Honduran President Juan Orlando Hernández In Stable Condition, Hospitalized With COVID-19
Honduras President Juan Orlando Hernandez is in stable condition after being hospitalized last week with the COVID-19 Coronavirus infection. His wife is also hospitalized.
East West Goes North South With Costa Rican Manufacturing Expansion
Atlanta, Georgia based OEM contract manufacturer East West has ...
Costa Rica Invited To Join OECD
The Organization for Economic Cooperation and Development (OECD) has announced that it has extended an invitation to Costa Rica to become the 38th member state of the organization.
Jamaica, Paraguay, Guatemala, Nicaragua Escape Negative Credit Outlook & Remain Stable, Says Fitch
For most speculative-grade sovereigns, limited financing options either constrain fiscal stimulus or heighten liquidity and macroeconomic risks where it is enacted. All are on Negative Outlook except Jamaica (B+), Paraguay (BB+), Guatemala (BB-) and Nicaragua (B-), which all have a Stable Outlook.
Barbados Upset About Being Blacklisted By European Union
The Government of Barbados considers the blacklisting of the country by the European Union over its regulatory regime to combat money laundering and terrorist financing to be both unjust and regrettable, says Attorney General and Minister of Legal Affairs, Dale Marshall
Suriname Presents Covid-19 Financial Relief Package
The government of Suriname has announced an economic stimulus and support package to mitigate the effects of the Coronavirus COVID-19 Pandemic in the South American country.
Moody’s Downgrades Belize to Caa1, Cites “Severe Economic Shock”
Moody's has downgraded the sovereign credit rating of Belize to Caa1 and expects the Central American country to defer interest payments on debt.
Guest Insight – Guyana: The New Wealthy Neighbor?
Diplomat Sergio Escobar says Guyana has a very promising future despite the many obstacles that it will have to overcome.
ICAO: Caribbean, Central American Countries Must Cooperate On Aviation Sector Recovery
The ICAO's Dr. Fang Liu encouraged regional civil aviation authorities to coordinate efforts to protect the commercial aviation industry and enhance economic recovery after the Coronavirus COVID-19 Pandemic.