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IFC affirms commitment to private sector capital market development in the Dominican Republic
Santo Domingo.- IFC Vice President and Treasurer Jingdong Hua said today that private sector development is key to supporting long-term growth and poverty reduction in the Dominican Republic. Hua is visiting the country for the first time as VP and Treasurer of IFC, a member of the World Bank Group. Hua met with government and regulatory officials to discuss how IFC can support the development ...
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Manufacturing slump paces Dominican Republic 0.3 1Q growth
Santo Domingo.- Dominican Republic's economy grew barely 0.3% in the first quarter, much slower than forecast, the Central Bank announced Friday. In its preliminary report the monetary authorities noted that in the first quarter of 2012 the economy grew 3.8%, 4.3% in 2011 and 7.5% in 2010. Key sectors with a strong impact on employment have fallen thus far this year, including retail ...
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Seven migrants escorted back to Cuba
Seven migrants, whose boat from Cuba was intercepted May 18 by the U.S. Coast Guard, were returned to Cuba, the Coast Guard said. Their boat was taking on water near Card Sound Bridge, which connects the Florida Keys to the mainland, when it was rescued. The migrants were removed from the boat and given food, water, shelter and medical attention, The Miami Herald reported. Under U.S. law, ...
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Tribune names de Castro WGN president and GM
The Tribune Co. has named radio veteran Jimmy de Castro as president and general manager of WGN-AM Radio, beginning June 3. De Castro will be responsible for the station's overall strategy, execution, and day-to-day management and operations, and will report to Larry Wert, Tribune's president of Broadcast Media. De Castro said in a statement he was determined to continue to grow WGNs ...
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Organizations Demand in Geneva End to Blockade Against Cuba
Geneva, May 24 (Prensa Latina) Non-governmental organizations are calling in this capital for the U.S. blockade against Cuba to be eliminated, and for the Human Rights Council to create a special procedure to investigate the impact of this unilateral policy. That U.S. aggression, in existence for more than 50 years, is inhumane and intolerable, and violates the content and spirit of the United ...
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Economic Growth Projected in Jamaica After Months of Contraction
Kingston, May 24 (Prensa Latina) The national economy will grow between 0.5 and one percent in fiscal year 2013-2014, says the director general of Jamaica's Planning Institute, Colin Bullock. He said, however, that during the first quarter of this year the economy shrank 0.7 percent compared to the same period in 2012. He explained that several billion dollar investment projects will help ...
Bahamas Digest
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Baha Mar integral to Bahamas long-term tourism plans
The Bahamas is already a major tourist destination in the Caribbean, but the financial crisis has reduced tourist numbers worldwide, creating a situation in which The Bahamas now have to compete globally for tourists. The Baha Mar resort, slated as a first-of-its-kind in the Caribbean hotel complex, may help it to do this.
The building of the Baha Mar resort on Cable Beach in Nassau has been seen by industry leaders across the Bahamas as a major investment in the future of the economy and tourism, which makes up a significant portion of the Bahamas’ GDP. It is a huge resort, costing $2.6 billion (by 2008 estimates), and will occupy an area of over 1000 acres. Read more
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