Business

Stories, photos, videos, audio that highlight issues pertaining to the Caribbean business environment, and entreprenuership in the region and the Diaspora.

Dominica gets US$27m for geothermal project

The World Bank on Tuesday approved a US$27 million project to support the construction of a 7 Mega Watts small geothermal power plant in Dominica; the aim of which is to increase the share of renewables, diversify the country’s energy matrix, and identify a clear road map for private sector investment in geothermal development.

Jamaica focusing on “Inflation-targeting”

Jamaica is seeking to introduce “inflation-targeting” as the next phase of it economic reform programme.
“Inflation targeting” is a monetary policy regime in which a central bank has an explicit target inflation rate for the medium term and informs the public.

Poverty reduction rests on trade

Open trade is particularly beneficial to the poor, because it reduces the cost of what they buy and raises the price of what they sell. As new research from the World Bank and the World Trade Organization makes clear, farmers and manufacturing workers earn more income when their products can reach overseas markets.

Seven Caribbean countries BLACKLISTED

Trinidad and Tobago is among seven Caribbean countries named on the revised financial blacklist of the European Union (EU).
The updated list follows an assessment of 92 countries by the Commission of Finance Minister of the EU based on three criteria: tax transparency, good governance and real economic activity, as well as one indicator, the existence of a zero corporate tax rate.
The report published on March 12 states that Trinidad and Tobago continues to be recognized as a non-cooperative jurisdiction concerning taxation because it “has a “Non-Compliant” rating by the Global Forum on Transparency and Exchange of Information for Tax Purposes for Exchange of Information on Request”.