Cayman Islands

Telecommunications provider Flow Business is encouraging Caribbean entrepreneurs to take their business to the next level by participating in its next event series targeted at small businesses, with US$15,000 in cash and prizes up for grabs.

Telecommunications provider Flow Business is encouraging Caribbean entrepreneurs to take their business to the next level by participating in its next event series targeted at small businesses, with US$15,000 in cash and prizes up for grabs.

The annual Junior Ambassador of Tourism oratory competition on Tuesday crowned its 11th champion, who will represent the Virgin Islands in the Tourism Youth Congress in the Cayman Islands in September.

Desha Skelton from Elmore Stoutt High School won the honour after scoring the highest for her speeches on tourism in the territory.

The performance of CIBC FirstCaribbean International Bank’s regional operations continues on an upward trajectory as the financial institution’s second-quarter results show a massive 76 per cent jump in net income.

In the recently released condensed consolidated financial statements for the quarter ending April 30, 2022, the Barbados-headquartered bank generated US$43 million (BDS$86 million) in net income from continuing operations.

The CATAPULT Caribbean COVID-19 Relief Arts Grant is in the second year of a partnership between Kingston Creative, the American Friends of Jamaica and the Open Society Foundations that has delivered over half a million US dollars in support to the arts community.

The Virgin Islands has been added to the European Union’s “grey list” along with nine other jurisdictions in the Caribbean and elsewhere, the EU Council announced after its meeting on Feb. 24.

Besides the VI, the EU added the Bahamas, Belize, Bermuda, Israel, Montserrat, Russia, Tunisia, the Turks and Caicos Islands, and Vietnam, bringing the total list up to 25 jurisdictions.

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IN a move to strengthen the local medical cannabis industry, the Cannabis Licensing Authority (CLA) is now engaged in the process of protecting the "brand equity" of Jamaican ganja through the application of intellectual property (IP) as well as the recommendation of regulations and policies to increase investment.

Last year was a “fantastic year” for Virgin Islands financial services, according to Simon Filmer, a BVI Finance board member and managing director of Vistra.

Recent studies of global broadband and mobile data pricing from United Kingdom-based telecommunications provider Cable.co.uk haven’t turned out well for the Virgin Islands, which has consistently shown to have some of the highest prices in the world for those services.

However, when it comes to electricity, the VI ranks near the middle of the pack regionally.

Just 11 out of 28 Caribbean countries have cheaper electricity than the VI, according to a study released last month from the company.