World tourism to rebound from crisis in 2010, says UN

Global tourism is set to rebound in 2010 after the economic crisis and the swine flu pandemic produced "one of the most difficult years" for the sector, the UN World Tourism Organisation.
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“The Financial Battle has begun”

The financial battle has begun between the Whitehouse and Wall Street, after President Barack Obama on 21 January, 2010, proposed the most far-reaching overhaul of Wall Street since the 1930s. This overhaul has come after much public rage has been aired over the handsome bonuses that bank executives are set to receive in 2010.  These bonuses have become quite controversial following the recently concluded financial crisis. ... Full story

Exports decline

The value of total exports from Latin America and the Caribbean in 2009 fell 24% with regard to the previous year due to the global crisis, according to new estimates released by ECLAC.
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The Caribbean in the new world order

Disclaimer: This article was originally published in the Jamaica Gleaner on November 13, 2009 and has been republished here with the permission of the author, Mr. Benito Wheatley.  ... Full story

BVI approved for Hong King Stock Exchange

The British Virgin Islands International Finance Centre has announced that companies incorporated in the BVI have been approved to list on the Hong Kong Stock Exchange (HKSE).

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Peter Haycraft steps down as RTW Chairman

On December 1, 2009, Peter Haycraft stepped down as Chairman, paving the way for the promotion of Managing Director, Delma Maduro to the position of Executive Chairman and Chief Executive Officer; and Finance Director/Financial Comptroller, Simon Potter to the position of Managing Director and Chief Operating Officer. Maduro and Potter each have thirty plus years of service at Roadtown Wholesale Trading Limited (RTW) and are among its local shareholders. They are also among the beneficiaries of full undergraduate scholarships by RTW, in addition to further developmental training.

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Fourth annual award for FirstCaribbean Bahamas

FirstCaribbean International Bank Bahamas has won its fourth consecutive Bank of the Year award from the acclaimed magazine - The Banker - published by the Financial Times of London.

Caribbean finance to survive G20 pressure, says CARICOM

Offshore financial services are still a viable development option for Caribbean states despite unwelcome pressure from developed countries targeting tax havens in the region, Caribbean Community (CARICOM) leaders said during a recent media conference.

Region stands to lose $$$ to climate change

If no international agreement is reached to mitigate the effects of climate change, the cost for Latin America and the Caribbean could be equivalent to 137% of the region’s current GDP by 2100, asserts the ECLAC report Economics of Climate Change in Latin America and the Caribbean. Summary 2009.

“The New Gulf Currency scheduled for 2010 Release”

At a time when there is a lot of doubt surrounding the future viability of the US currency, a new currency is expected to emerge in January 2010, from the Gulf nations. In fact, a number of Gulf governments have stated their intention to achieve monetary union by 2010.

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