Business Economic Politics Tourism 

Sandals Welcomes Auditors, Calls For Full Transparency

Sandals Resorts International (SRI) welcomes the recent announcement by Prime Minister Gaston Browne that his Government intends to utilize international tax auditors to monitor the finances of, as he put it, “Sandals and other corporate entities in Antigua and Barbuda.” In fact Sandals has been doing this very same thing for years, utilizing first Price Waterhouse, and most recently Grant Thornton as our auditors, two of the highest rated auditing firms in the world, and there has never been an issue with respect to us meeting our financial obligations and…

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Business CARICOM Economic Foreign Affairs Regional News Technology 

Russia in the Caribbean – A New Dawn; First ever joint Russian/Eurasian-Caribbean economic, media and academic forum

November perhaps represents a new ‘Dawn’ for the Caribbean, with humble beginnings in the spice isle of Grenada, with one of the most powerful nations in the world – Russia tabling an interesting proposal. So, what was Russia doing in the tiny Caribbean island of Grenada? Ushering a New Dawn of course. This is the intrepid title given to a full day forum with some of the biggest names in academia, media and economic entities. The event saw regional journalist, Russian academia, tech and financial businessmen from Russia, USA and…

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Business Economic 

Victims of Allen Stanford’s $7B Ponzi Scheme Will Wait Years to Be Repaid

At first glance, the effort to recover money for victims of Allen Stanford’s $7 billion Ponzi scheme looks a bit like Jarndyce and Jarndyce, the endless chancery court case satirized in Charles Dickens’ book, “Bleak House.” Stanford, you’ll recall, was convicted by a Houston jury in 2012 for swindling investors and sentenced to 110 years in prison. Eight years into the case, with no end in sight, the receivership set up in Dallas federal court to unwind Stanford’s fraud has turned up only a small percentage of investors’ lost billions….

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Advertising Business Uncategorized 

Local Small Businesses Get Big Boost Ahead of the Holiday Season with Axcel Finance

Axcel Finance, the leading regional microfinance institution in the Caribbean, has developed a double benefit offer for Small and MicroEnterprises .This special MicroBiz loan offer is designed to help them make purchases to restock their business for the busy holiday season, and at the same time they can win a 10% cashback on the value of the loan. The Offer has been dubbed the “STOCK-UP LOAN PROMOTION” and is valid for a limited 30 day period. “Christmas is the busiest and most lucrative season for small business in the country….

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Business Disaster Management 

C&W Communications (C&W), a Liberty Global company, today announced the first two partner organizations – ShelterBox and Rotary International1 – of the newly formed Cable & Wireless Charitable Foundation to execute immediate relief and recovery activities in the countries affected by Hurricanes Irma and Maria. ShelterBox, an international disaster relief charity specializing in providing emergency shelter for vulnerable families who have lost everything after natural disasters and conflicts; and Rotary International, a global network of 1.2 million neighbors, friends, leaders, and problem-solvers who come together to make positive, lasting change…

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Business Tourism 

ANTIGUA AND BARBUDA HITS THE ROAD IN GRAND EUROPEAN BLITZ

As Antigua and Barbuda experiences growth in tourism arrivals from key European markets, the Antigua and Barbuda Tourism Authority’s United Kingdom & Europe Office is focused on captalising on the exponential growth by increasing its presence within the market. In a grand European blitz, the Antigua and Barbuda Tourism Authority, along with some of the destination’s major hotel and airline partners, descended on the major gateway cities of Frankfurt, Rome, Milan and Stockholm from September 25 – September 29 for travel trade events designed to build awareness of the destination…

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Business Disaster Management 

DIGICEL PLEDGES TO HELP REBUILD DOMINICA IN THE WAKE OF HURRICANE MARIA

Digicel is committing to help the people of Dominica to rebuild in the wake of the devastating category five hit from Hurricane Maria. On a visit to the island on Tuesday to see the damage first hand and establish how Digicel can assist in kick starting the country’s recovery, Digicel Chairman and founder, Denis O’Brien, met with The Honourable Mr. Roosevelt Skerrit, Prime Minister of Dominica, to offer Digicel’s support. As such, Digicel will concentrate on three key areas in the south east region of Dominica; the Kalinago Territory, La…

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Business 

Winair Suffers Massive Damages

Winair  repositioned our aircrafts to St. Vincent prior to hurricane Irma and currently the fleet is operating from the island of St. Kitts as fuel and security for aircraft are not yet present in St. Maarten. Winair has performed in excess of 60 relief flights evacuating non nationals and providing transportation to legal residents of St. Maarten. Winair has suffered massive damage to its facilities and consequently basic telecommunications, internet, electricity and water were disrupted making operations difficult. The resilience of our employees who came to assist must be noted…

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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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