Economy, Trade & Investment

 
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Providenciales - Feb. 28, 2011 - Residents of the Turks and Caicos Islands will have to pay a whole new set of taxes, including a ten percent tax on the consumption of electricity and water, from April 1st, 2011, and more soon after.


Washington -- Feb. 8, 2011 -- After 15 years of positive growth, Trinidad and Tobago was hit hard in 2009 by the global financial crisis, the fall in energy prices, and the collapse of a large financial conglomerate.

Nassau - Feb. 3, 2011 -- Domestic economic conditions maintained a stable path during the month of December, amid the slow recovery in the global economy, which supported modest improvement in the main tourism sector

Jan. 26, 2011 -- Emera Inc. wishes to advise all shareholders of Light & Power Holdings Ltd. that 7,129,269 shares of LPH were deposited in response to the offer and Emera announced that it will purchase all deposited shares. If the tender and acceptance of all shares is confirmed by the Barbados Stock Exchange as valid, this will increase Emera's ownership in LPH to 79.74 per cent.



Jan. 23, 2011 -- The ECCU region has been hard hit by the global economic downturn and is faced with a protracted recovery. Real regional Gross Domestic Product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and Foreign Direct Investment (FDI) financed construction activity


(6 January 2011) The Statistical yearbook for Latin America and the Caribbean, 2010, which features the main economic, social and environmental indicators for the region's countries, is available on the ECLAC website from today.

Nassau -- Dec. 26, 2010 -- The domestic economy maintained a stable path during the review period, amid modest improvement in tourism activity and relatively subdued construction sector investments and private sector demand.

HALIFAX,Dec. 20, 2010 /CNW/ - Emera Inc. wishes to advise all shareholders of Light & Power Holdings Ltd. ("Light & Power Holdings" - Barbados Stock Exchange listing: "LPH") that the offer to purchase all issued and outstanding common shares in Light & Power Holdings at a cash price per share of BB$25.70 (twenty five Barbados dollars and seventy Barbados cents) has been approved by the Barbados Securities Commission and the Barbados Stock Exchange.

Basseterre -- Dec. 20, 2010 -- (CUOPM) - The European Investment Bank agreed to provide a US$ 8 million line of credit to the Development Bank of St. Kitts and Nevis to ensure continued availability of public and private sector finance during the financial crisis.


Dec. 15, 2010 -- The global economic crisis has hit Barbados particularly hard, by adversely impacting all of its key economic activities, including tourism, financial services, and real estate investment.


Dec. 14, 2010 -- Following a 1.9% decline in 2009, Latin America and the Caribbean will grow by 6% in 2010 thanks to the economic recovery posted by most countries in the region, according to an annual report launched by ECLAC yesterday.

Barbados Budget: Bitter dose

Bridgetown -- Nov. 23, 2010 -- Levying broad-based increases in taxes and user-fees, while at the same time offering significant support to several business sectors to help keep people employed and to pull the country from its economic hole, Sinckler said the aim was to reduce the fiscal deficit which balloned from $396.9 million in 2008/2009 to $712.9 million in 2009/2010.


Nov. 1, 2010 - Foreign direct investment (FDI) in Latin America and the Caribbean recovered significantly in 2010 with regard to the drop in 2009 as a result of the global financial crisis.

CHENGDU, China -Oct. 26, 2010 --  The Export-Import Bank of China (“China Eximbank”) and the Inter-American Development Bank (“IDB”) signed a Letter of Intent to boost trade between China and Latin America and the Caribbean (“LAC”) at the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.


Bridgetown -- Oct. 20, 2010 -- The Barbadian economy remained stable through the third quarter, even though the global outlook remained very uncertain.

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