Jobs should shift from tourism to in-demand sectors Tourism-based economies in the Caribbean can be salvaged from the onslaught of the coronavirus pandemic. This is what the founder and chief investment officer of Wincrest Capital Ltd, Barbara Ann Bernard, shared in her recent article at the World
Starting Sunday, 10th May, the British Virgin Islands (BVI) will have a new curfew schedule amid the threat of COVID-19 in the island. During a contact signing, Premier Andrew Fahie announced that the new curfew hours will run during night-time hours from 7:00 PM to 6:00
The government of Jamaica extends the islandwide 12-hour curfew for another week to curb the increase in COVID-19 cases. In a virtual press briefing, Prime Minister Andrew Holness announced that the curfew will be extended for another week. “The national curfew has been extended, commencing at 6:00pm
The government of Turks and Caicos will ease the current lockdown measures and will implement a “phased reopening” from 4 May. A few government services, retail businesses and beaches will be allowed to open with restrictions. While all international, island-to-island travel, educational institutions will remain closed until
Around 7:00 AM local time May 2, a magnitude 5.4 earthquake struck offshore south of Tallaboa, Puerto Rico according to the U.S. Geological Survey. USGS reports that the quake hit at a shallow depth of 5.6 miles near the city of Ponce and the towns of
Following the approval of IMF for the disbursement of 3 COVID-19 emergency assistance fund, Dominica said the money will be allocated for income support. In an interview, Dominica Prime Minister Roosevelt Skerrit said that the fund will bring some relief to those greatly affected by COVID-19.
The International Monetary Fund (IMF) approved the requests from 3 Caribbean nations for a COVID-19 emergency financial assistance. IMF’s Executive Board approved a total of SDR 48 million (US$65.6 million) disbursements to Dominica, Grenada, and St. Lucia following requests under the Rapid Credit Facility (RCF) mechanism. The
Grenada authorities have ordered the shut down of Caribbean Agro Industries Ltd., the country's lone flour mill, due to COVID-19. The Government has ordered the closure of the US-owned firm after health authorities have confirmed that four (4) out of the eight (8) active COVID-19 cases
Countries in the Caribbean region are bracing for a possible two-tier crisis - a deadly hurricane amidst the COVID-19 pandemic. Weather and science experts are anticipating an “above-average” probability for category 3 and above hurricanes for this season which begins on 1 June 2020. Scientists added
The Ministry of Economic Affairs and Investment said that Barbados is not losing sight of its long-term transformation goals amidst the current COVID-19 pandemic During an online panel discussion, Marsha Caddle, Minister of Economic Affairs and Investment noted the COVID-19 crisis highlighted that global economic structures
