Business Economic Politics 

Antigua & Barbuda, United Arab Emirates Sign Green Barbuda Energy Project

The governments of Antigua and Barbuda and the United Arab Emirates have signed an agreement aimed at enabling Barbuda’s transition to green energy. The agreement, was signed today by the Honorable Asot Michael, Minister of Tourism, Economic Development, Investment and Energy. The project will see the installation of a modern 800kw hybrid solar photovoltaic battery system. Energy from the plant will be fed into the grid and will interface with other renewable and conventional power facilities providing electricity in Barbuda. In signing the agreement, Minister Michael commended the continuing interest…

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Business Environment 

The Larder Leads With Styrofoam Alternatives

Two months after the Government implemented the first stage of the ban on the importation of Food Based Polystyrene Products, one popular food and beverage establishment is already utilizing the Styrofoam alternatives. The nationally renowned restaurant, “The Larder” is leading from the front when it comes to the replacement of the banned Styrofoam cups, plates, bowls, spoons, forks and other polystyrene eating utensils. When the Ministry of Health and the Environment officials visited the business place inside Royal Palms on Frys Hill Road, signs of new life were evident as…

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Business Youth 

Young Entrepreneurs Sought for 2017 Youth Exhibition and Health Expo

The Department of Youth Affairs is inviting entrepreneurs, artists, and any young person with an interest in promoting their business or trade to be a part of our annual Youth Exhibition and Health Expo on Wednesday 27 th September 2017, from 8 am – 4 pm at the Multipurpose Cultural Centre at Perry Bay. The Youth Exhibition and Health Expo is an opportunity for young entrepreneurs (35 years and under) to showcase their business, network with others, and even sell their products to a guaranteed audience of over 1500 young persons. Registration for this event…

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Business Tourism 

Blue Diamond Resorts to Take over Management of Antigua’s Jolly Beach Resort & Spa

Blue Diamond Resorts, the Caribbean’s fastest-growing hotel company, is proud to announce that it will be taking over the management and operation of Antigua’s largest all-inclusive resort, the 464-room Jolly Beach Resort & Spa, beginning September 1, 2017. “We look forward to bringing our operations to the beautiful Island of Antigua, and to applying our management experience to this popular resort” said Jordi Pelfort, Managing Director of Blue Diamond Resorts. Known to be one of Antigua’s best all-inclusive resorts for its value, Jolly Beach Resort & Spa is set on…

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Business Technology 

Calvin Ayre appointed as Economic Envoy for Technology Development

The Government of Antigua and Barbuda announces the appointment of Mr Calvin Ayre as a Special Economic Envoy with responsibility for advising on economic cooperation and commerce between Antigua and Barbuda and other sovereign States where blockchain technology is being utilised. Mr Ayre will advise the Government on the effective implementation of new technological developments in cryptocurrency and Bitcoin which have been adopted by leading companies in the United States, Australia, Denmark, the Netherlands, Sweden, Canada, China, and the United Kingdom. He has already invested heavily in Bitcoin blockchain core…

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Business Economic Legal 

Gov. Welcomes “Vindication” of Calvin Ayre as Part of “the failure by US to Comply with WTO Ruling on Internet Gaming”

The Government of Antigua and Barbuda congratulates Mr. Calvin Ayre on the resolution of the criminal case brought against him in the United States. The dismissal of all felony charges against Mr. Ayre, in a matter that dragged on for over 5 years, vindicates him entirely. Mr. Ayre took up permanent residence in Antigua and Barbuda in 2007 after acquiring an existing gaming company. At all material times, his company was licensed by the Financial Services Regulatory Commission (FSRC) to carry on gaming activities and complied with the stringent laws…

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Business Development Economic 

DCA Permission Granted For Enabling Works Callaloo Cay Prepares For Phase One

Principals of Callaloo Cay will host an intimate event to signal the commencement of work on their project at Morris Bay, Old Road on Tuesday 28th February.  Pre-construction work will begin on the first phase of the multi-phase project. Callaloo Cay’s Senior Vice President of Business Development Mr. Dawood Shah says the milestone moment is one that is anticipated with extreme joy. “For the last two years, we have done everything required to fulfil the law of the land, to work with the community, and to ensure that the environment…

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Business CDB 

CDB, IDB Sign Agreement to Strengthen Partnership

The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and projects that contribute to sustainable economic development in the region. The agreement formalizes their cooperation in CDB borrowing member countries that are also members of the IDB, and countries in the Organisation of Eastern Caribbean…

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CIBC FirstCaribbean Assists Start-Up Entrepreneurs

A number of start-up companies and young people with great business ideas will soon get an additional avenue to bring their plans to fruition. Ten Habitat, a non-profit organisation which focuses on developing investor-ready start-up Caribbean entrepreneurs and regional bank CIBC FirstCaribbean have partnered in a venture to support local and regional start-ups. Gary Brown, Chief Executive Officer of CIBC FirstCaribbean and Chairman of CIBC FirstCaribbean’s charitable foundation,  and Selwyn Cambridge, Founder of Ten Habitat, recently signed a Memorandum of Understanding at the bank’s Warrens, St. Michael offices which will…

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Business CDB Economic 

CDB Urges Region to Act Now to Create Environment for Economic Growth

The Caribbean Development Bank (CDB) is projecting that the Region will experience economic growth of approximately 1.7 percent in 2017. However, CDB Director of Economics, Dr. Justin Ram, warns that this will not be enough to stimulate employment, particularly among youth, and reduce high regional debt levels. He points to the need for a long-term action plan that will allow the Region to participate in global supply chains, and drive sustainable economic growth. In a presentation at the Bank’s Annual News Conference, Dr. Ram urged regional policymakers to create an…

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