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 […]
By Claudette de la Haye Detroit – Genesis G70 won the NACTOY Car of the Year Award at the recent 2019 North American International Auto Show (NAIAS). The new sport sedan beat two strong competitors: the Honda Insight and Volvo S60. Receiving the award on behalf of Genesis was Dominica-born, Erwin Raphael, General Manager of […]
BRIDGETOWN, Barbados– Less than two months after releasing enhancements to its Mobile App and Online Banking, CIBC FirstCaribbean has been named the Most Innovative Bank in the region at the prestigious World Finance Banking Awards presented by UK-based World Finance Magazine. The bank is the only Caribbean-based bank to have been recognized at this year’s […]
GEORGE’S, Grenada – Prime Minister Dr Keith Mitchell believes the time has come for Grenada to reconsider decriminalizing the use of marijuana and other forms of recreational drugs. “More and more we are hearing about countries who are placing less importance on criminalizing the use of marijuana and other forms of recreational drugs but it’s an […]
By Lincoln DePradine A decade ago, events began unfolding in the United States that, at first, received little or no attention from Caribbean politicians and other citizens of the region. Those events began in 2007 with a crisis in the United States mortgage market and mushroomed into a full-blown international banking crisis and a global […]
RUDDER 6.5, a concert to celebrate the career of Trinidad-born artiste David Rudder, which was scheduled to be held at the Sony Centre for the Performing Arts in Toronto on Saturday, has been cancelled because of reported slow ticket sales. The cancellation has prompted one of his fans and a student of Caribbean music to […]
