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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 ...
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Bill creates Dominican Republic’s 1st red light district submitted again
Santo Domingo. - Opposition deputy Esther Minyety on Friday said she submitted the bill to create the "red light district" to the lower Chamber, because the originally proposed legislation had expired. The PRD party legislator said she's confident the bill aimed at establishing norms for streets near historical places where women offer sexual services will pass. She said the ...
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YSI Announces Contract For Climate Change Monitoring Buoys In The Caribbean
Xylem’s YSI Integrated Systems and Services (ISS) has been awarded a contract for five marine monitoring buoys by The Caribbean Community Climate Change Centre (CCCCC). The buoys will collect high-quality data for researchers studying climate change in the Caribbean Sea, including the waters of Barbados, Belize, Dominican Republic, St. Lucia, and Trinidad & Tobago. "The ...
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Canadian businessman on trial behind closed doors in Cuba as government mum on proceedings
Canadian businessman Sarkis Yacoubian goes to court for his corruption trial in Havana, Cuba, Friday, May 24, 2013. The trial of Yacoubian, who was president of import company Tri-Star Caribbean which was shuttered in July 2011, is under way nearly two years after he was detained. President Raul Castro has repeatedly spoken of a need to root out entrenched corruption on this Communist-run ...
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Cuba silent on Canadians corruption trial
Canadian businessman Sarkis Yacoubian goes to court for his corruption trial in Havana, Cuba, Friday, May 24, 2013. The trial of Yacoubian, who was president of import company Tri-Star Caribbean which was shuttered in July 2011, is under way nearly two years after he was detained. President Raul Castro has repeatedly spoken of a need to root out entrenched corruption on this Communist-run ...
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Cuba Confirms Willingness to Strengthen Ties with Argentina
Buenos Aires, May 24 (Prensa Latina) Cuban President Raul Castro confirmed in a letter to his Argentina peer Cristina Fernandez his willingness to strengthen ties of friendship and cooperation between the two countries. In the letter released here by Telam news agency, the Cuban statesman greeted the Argentinian president, on the occasion of the commemoration of Argentina's May 25, 1810 ...
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Cuba Ratifies Determination to Expand Cooperation with Ecuador
Quito, May 24 (Prensa Latina) Cuba's First Vice President Miguel Diaz-Canel expressed his country's willingness to further strengthen ties of friendship and solidarity with Ecuador, and expand cooperation and integration between the two governments and ...
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Graystar joining housing rush in Castro
Graystar is fueling up on Castro apartments. The South Carolina-based developer, which has 200,000 rental housing units under management, has filed an application to build 87 units at 2198 Market St., a former Shell gas station. The project is being designed by HellerManus. The project site consists of a triangular shaped lot with frontage on Market and Sanchez Streets. The site was recently ...
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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