Archive for the ‘Education’ Category

Guggenheim Expands Its Global Dialogue with Phase 2 of the Guggenheim UBS MAP Global Art Initiative

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Pablo León de la Barra Appointed Guggenheim UBS MAP Curator, Latin America

NEW YORK, Aug. 2, 2013 /PRNewswire-USNewswire/ – Richard Armstrong, Director, Solomon R. Guggenheim Museum and Foundation, today announced that distinguished independent curator Pablo León de la Barra has been selected as Guggenheim UBS MAP Curator, Latin America. He is the second curator to have been chosen to participate in the Guggenheim UBS MAP Global Art Initiative, an ambitious collaboration between the Guggenheim Museum and UBS that was launched last year.

(Photo: http://photos.prnewswire.com/prnh/20130802/DC54198)

Through the Initiative, the Guggenheim is engaged in a multi-year effort to identify and support a network of artists and curators from three major regions—South and Southeast Asia, Latin America, and the Middle East and North Africa—in a comprehensive program involving curatorial residencies, acquisitions for the Guggenheim’s permanent collection, international touring exhibitions, and extensive educational and online activities.

Pablo León de la Barra will undertake a two-year residency in New York, where he will work with the Guggenheim’s curatorial staff to identify recent artworks by artists of Latin American origin that reflect some of the region’s most significant contemporary cultural practices and ideas. Artworks chosen by León de la Barra will enter the collection and form the basis of an exhibition planned to open at the Solomon R. Guggenheim Museum in 2014 before traveling to two international venues.

León de la Barra was nominated by a committee of five esteemed experts on this region: Magalí Arriola, Curator, Fundación Jumex, Ecatepec de Morelos, Mexico; José Falconi, Fellow, Department of History of Art and Architecture, Harvard University; Gabriela Rangel, Director of Visual Arts and Chief Curator, Americas Society, New York; Ana Sokoloff, art advisor, New York, and Yolanda Wood Pujols, Director, Center for Caribbean Studies, Casa de las Américas, Havana.

About Pablo León de la Barra

Born in Mexico City in 1972, Pablo León de la Barra earned his Ph.D in Histories and Theories from the Architectural Association, London. He has curated or co-curated more than a dozen exhibitions over the past decade. In London, he was founding member of 24-7, a collective of artists and curators (2002–05), artistic director of Blow de la Barra Gallery (2005–08), and founder and co-curator of the community art space White Cubicle Gallery (2005–12). He is also the founder of the Novo Museo Tropical, and was the curator of the first Bienal Tropical in San Juan, Puerto Rico (2011). León de la Barra serves on the advisory committees of the Cisneros Fontanals Art Foundation, Miami, and the Fundación Luis Barragán, Mexico. In 2012, he received the first Colección Patricia Phelps de Cisneros Travel Award for Central America and the Caribbean. For a complete bio, please visit
www.guggenheim.org/new-york/about/staff-profiles/curators/pablo-leon-de-la-barra.

About Guggenheim UBS MAP Global Art Initiative

Launched in April 2012, the Guggenheim UBS MAP Global Art Initiative is a multi-year collaboration that seeks to stimulate dialogue and creative interaction both regionally and globally through curatorial residencies, public and online programming, and collection building. The program is designed to reflect and augment the Solomon R. Guggenheim Foundation’s distinguished history of internationalism.

Website:
guggenheim.org/MAP

UBS Website:
ubs.com/Guggenheim

Social Media:
twitter.com/guggenheim
facebook.com/guggenheimmuseum
youtube.com/guggenheim
flickr.com/guggenheim_museum
foursquare.com/guggenheim

For updates on the Guggenheim UBS MAP Global Art Initiative, follow #GuggUBSMAP on Twitter.

For translations of the media release in Arabic, Brazilian Portuguese, Chinese (traditional and simplified), German, Spanish, Basque, and Italian, visit: http://www.guggenheim.org/new-york/press-room/releases/5551-maplatinamericacurator

For publicity images, visit: guggenheim.org/pressimages User ID: photoservice Password: presspass

CONTACT: Betsy Ennis/Lauren Van Natten, Guggenheim Museum, +1 212 423 3840, pressoffice@guggenheim.org; Amy Wentz, Polskin Arts, +1 212 715 1551, wentza@finnpartners.com; For inquiries about UBS Corporate Communications: Karina Byrne, UBS Americas, +1 212 882 5692, Karina.Byrne@ubs.com; or Dominique Scheiwiller, UBS Switzerland, +41 44 234 84 28, Dominique.scheiwiller@ubs.com

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Verus International receives support of Central Bank of Barbados

BRIDGETOWN, Barbados, July 22, 2013 /PRNewswire/ — The Central Bank of Barbados has confirmed that any misunderstanding regarding the status of Verus International has been clarified and resolved.  Verus International is in good standing to conduct its business in Barbados.

In making the announcement, Governor of the Central Bank DeLisle Worrell explained, “Verus International has met all the criteria to operate as a private investment firm.”  He added, “The Company has been licensed under the International Business Companies Act in Barbados since 1999, and is approved to conduct business here.  We value Verus International’s long-standing presence in Barbados and are grateful for their vision and commitment to the region.”

Ajmal Khan, Chairman and CEO of Verus International, was pleased any miscommunication is now cleared up and reiterated the Company’s commitment to Barbados and continued investment in the Caribbean.  Mr. Khan explained, “Verus International has operated in Barbados for 15 years.  We appreciate the professionalism and support of the Central Bank of Barbados in this matter.”

Verus International, a leading diversified global investment group based in New York and Barbados, invests across multiple sectors including Energy, Infrastructure, Real Estate, Education and Health & Wellness.  Having already made significant investments into Real Estate, Hospitality, and Sports and Entertainment in the Caribbean, the Company is seeking additional opportunities in the Caribbean that leverage its global relationships and generate significant economic development for the region.

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Diplomatic Service Dog Opens Doors in Cuba and Fetches Cuban Student

Bergin University of Canine Studies Awards a Cuban Scholarship

ROHNERT PARK, Calif., July 19, 2013 /PRNewswire-USNewswire/ — Bergin University of Canine Studies Project Fidelity promotes International relations by awarding a scholarship to a Cuban student.

(Photo: http://photos.prnewswire.com/prnh/20130719/DC49381)

Bergin University of Canine Studies (BUCS) is the only fully accredited college in the world that offers degrees in Canine Life Sciences. Cuban scholarship recipient Beatriz Amparo Labrador de la Osa has arrived at the Rohnert Park, Ca. campus. She has dreams of returning to Cuba and working to better the lives of the disabled by introducing the Assistance Dog concept in her native country. Beatriz fondly recalls Booster, the yellow Labrador retriever Service Dog who travelled to Cuba twice in recent years to demonstrate what he can do to help people. Booster travelled to Havana, Cuba as an ambassador for BUCS Master’s student Davis Hawn’s Project Fidelity.

According to Hawn, “My Project Fidelity sought to project fidelity between two Cold War adversaries utilizing my Service Dog Booster to prove my thesis that dogs are a social lubricant. With International help of Canadians and Bahamians we ventured into Cuba not speaking a word of Spanish. Booster was so successful that we met myriad leaders of organizations for the disabled. Booster removed the socks from a paralyzed man’s feet and we later appeared together on live educational television in Havana! The International relations spawned by my dog and a canine related education opened doors of enlightenment that I never previously envisioned. My life began at Bergin University.”

“In recognition of the warm Cuban reception we received I offered a scholarship for a Cuban dog lover to come to the U.S. to learn to train Assistance Dogs. The Cuban animal welfare association ANIPLANT introduced me to Beatriz. I was instantly impressed by her overwhelming love of dogs. She is currently attending BUCS’ classes under the tutelage of Dr. Bonita Bergin the founder of the Service Dog concept and Canine Companions for Independence (CCI). Beatriz  plans to open the first Assistance Dog training facility in Cuba and aptly name it The Booster Center in honor of my now cancer stricken dog Booster. I am so honored. I welcome any inquiries about my Project Fidelity and BUCS related educational experiences.”

“None of this would have been possible without the International help of Canadians and Bahamians. A Canadian firm, Cuba Education Tours arranged many important meetings. Bahamasair flew me with Booster at my feet into Havana and as a direct result Bahamasair now accommodates Assistance Dogs on all flights. When I fell in love with a homeless Cuban street dog, Canadian airline Airtransat flew him to Toronto free of charge. The little dog is Booster’s step-brother and his name is Fidelity!  I welcome any inquiries about my Project Fidelity and BUCS related educational experiences. My experience with both has created life-changing passion. “

Bergin University of Canine Studies attracts students from all over the world. Historically, students have come from 16 countries seeking a canine related education.  They aspire to implement canine related programs in their native countries. BUCS faculty, staff and students work together to create novel programs utilizing canines to help humans. For example, the BUCS program Paws for Purple Hearts teaches war veterans to train dogs for other disabled veterans in order to help them reintegrate into society when they return home. Anyone interested in attending classes, lending a hand, or donating is encouraged to contact the university.

For more information, please visit Bergin University of Canine Studies (BUCS)
http://www.berginu.edu/contact.html
707-545-3647

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Caribbean Trade Mission Trip To China Planned

The Chinese panel at the 2013 Avalon Invest Caribbean Now forum on June 5 in NYC. (Hayden Roger Celestin image)

The Chinese panel at the 2013 Avalon Invest Caribbean Now forum on June 5 in NYC. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Fri. July 12, 2013: Caribbean governments and top private sector executives in the tourism and investment sectors are being urged to participate in a 10-day trade mission to four top cities in China, set for this September 14th-23rd.

The trip comes on the heels of the June 5th Avalon Invest Caribbean Now Forum in New York City and is being planned by Peter Zhang and Li Li of the Chinese American Business Development Center, in collaboration with Hard Beat Communications’ CMO, Felicia Persaud.

CABC has been leading trade missions for U.S. companies to China for the past 10 years while Hard Beat’s Invest Caribbean Now forum is in its third year.

The planned trip to Beijing, Shannxi , Zhejiang and Guangdong comes on the heels of Chinese President’s Xi Jinping first visit to the Caribbean island of Trinidad on May 31st and his pledge of more than $3 billion in loans to 10 Caribbean nations and Costa Rica on June 2nd.

The 2013 Caribbean/China Trade Mission is designed to help Caribbean premiers, ministers of governments, investment agencies and C-level private sector business leaders, meet with top Chinese officials from varied ministries, such as tourism and finance as well as  C-level company execs  including from the China Import Export Bank, to: promote  direct in country investment opportunities and company products and services; establish strategic connections, strengthen existing relations, explore opportunities for joint ventures, source potential suppliers and extend friendships and create relationships for return visits to the  Caribbean region.

The Mission will provide Caribbean governments and business leaders’ new access and close-up insight into the dynamic Chinese market— including its scale, diversity and potential.

Consequently,  the Chinese ministry and private sector executives will  be able to enhance  and expand business and investments to the Caribbean in their quest to  compete effectively in today’s global marketplace.

China’s 1.3 billion people are rapidly gaining purchasing power. In fact, by 2020, China will surpass the U.S. in middle class consumption. And as quickly as China is emerging as a new market for Caribbean real estate and products like tourism.

For event details and participation in the trip contact Felicia Persaud at felicia@caribpr.com.

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Solar Market in Caribbean and Central America Heats Up with Enecsys – Glenn International Partnership

Region’s top distributor will sell Enecsys micro inverters in regions burdened with high cost of conventional electricity

REDWOOD SHORES, Calif., July 2, 2013 /PRNewswire/ — Enecsys Limited, a premier supplier of micro inverter products for the global solar market, announced the addition of a new distributor, Glenn International, to meet increasing demand from customers in the Caribbean and Central America.

(Photo:  http://photos.prnewswire.com/prnh/20130402/SF66080-a)

(Logo:  http://photos.prnewswire.com/prnh/20130402/SF66080LOGO-b)

“The rate of growth in the solar energy market in this region is unprecedented,” said Ignacio Diaz, Director of Sales and Marketing at Glenn International. “We’re happy to be partnering with Enecsys, because we’ve found their Micro Inverter System maximizes solar energy harvest, which makes the switch to solar power easy and affordable for both installers and homeowners.”

As a major component of the Solar System, Enecsys offers two choices – Single and Duo micro inverters.  This provides installers the flexibility to mix singles and duos as needed in complicated rooftop installations, saving installation time and Balance-Of-System costs.

Enecsys Micro Inverters attach directly to the rack behind each module within a solar installation. The advantage of installing Enecsys Micro Inverters is that users gain visibility into the performance of each solar module, and can easily assess and address problems associated with shading, soiling or other obstructions.

“Enecsys is pleased to partner with Glenn International to distribute our micro inverter throughout the Caribbean and the rapidly solar emerging market of Central America,” said Thomas Nelson, Senior Director of Strategic Accounts. “Our new generation of micro inverters are designed to handle multiple grid settings in a single SKU, allowing Glenn International to be well positioned in supporting these regions.”

About Glenn International
With headquarters in Puerto Rico, Glenn International is the leading supplier of electrical, lighting and telecom equipment for the Caribbean and Central America. Since 1967, Glenn International has created energy solutions for customers in the region. With nearly a half century of experience, the company has the expertise to choose the best manufacturers and provide technical support that is unparalleled in the market.

About Enecsys
Enecsys Limited is the premier supplier of smart, highly reliable grid-connected micro inverters and monitoring systems for homes and businesses. The advantages of the Enecsys Micro Inverter System include: maximized energy harvest, improved safety for installers and users, increased reliability, an extended lifetime that matches the life of the solar modules, real-time performance monitoring for each solar module, and simplified PV array design and installation. Headquartered in Cambridge, UK, Enecsys has corporate offices in Redwood Shores, California, with additional sales and support facilities in Bad Homburg, Germany and Taipei, Taiwan.

For more information, please visit www.enecsys.com

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LIXIL to Acquire ASD Americas Holding Corp., Parent of American Standard Brands

Kitchen & Bath Products Leader Will Serve as Platform for North American Presence as LIXIL Continues Globalization of Business

TOKYO, June 28, 2013 /PRNewswire/ – LIXIL Corporation (Headquarters: Tokyo, Japan; President: Yoshiaki Fujimori), today announced that it has reached a definitive agreement to acquire 100% of the share capital of ASD Americas Holding Corp., the parent company of American Standard Brands (Headquarters: New Jersey, US; President and CEO: Jay Gould, hereafter called “American Standard”) at an enterprise value of $542 million (53.1 billion JPY, $1=98JPY) from an affiliate of Sun Capital Partners, Inc. (”Sun Capital”) (Headquarters: US).

American Standard is a leading North American manufacturer of a wide range of high quality kitchen and bath products.  On completion of the transaction, which is subject to regulatory approval, the company will remain headquartered in the U.S., and continue operating all existing facilities.

LIXIL Group, 1.4 trillion JPY ($15.3 billion, $1= 94.05JPY) building products company, has been actively expanding its global business.  LIXIL Group’s international sales reached approximately 200 billion JPY, contributing over 14% of the sales for the fiscal year ended March 31, 2013 and will increase to approximately 300 billion JPY comprising approximately 20% of LIXIL Group revenues. LIXIL’s global operations are present in more than 30 countries. In North America, Permasteelisa Group, a high-end curtain wall contractor owned by LIXIL Group, has existing revenues of approximately 30 billion JPY. The addition of American Standard will provide LIXIL with greater scale and more opportunities in North America, and will continue the growth of the international business towards its mid-term goals.

Yoshiaki Fujimori, President of LIXIL Corporation, said, “American Standard is the leader in the kitchen and bath products market with a deep history of more than 130 years.  LIXIL is targeting 1 trillion JPY sales revenue in its international businesses, with the goal for the international business to grow to approximately 30% of total LIXIL Group revenues.  American Standard will serve as a key platform for LIXIL as we continue to fulfill our ambitions to become a worldwide leader in the building materials and housing equipment market. LIXIL already owns the American Standard brand in the Asia Pacific market, and this transaction will strengthen the brand and the company’s considerable manufacturing capabilities and technological best practices.”

“This transaction marks an exciting chapter in our 137-year history,” said Jay Gould, American Standard Brands President and CEO. “We and our customers will surely benefit by combining LIXIL’s quality control, manufacturing technology and product development with American Standard’s sales networks, and I believe these will help the company maintain our position as a market leader.”

“The market leadership that American Standard enjoys today has been fueled by considerable operational improvements, an expanded product platform achieved through four strategic acquisitions, and a commitment to innovation,” said Marc Leder, Co-CEO at Sun Capital, a leading private investment firm specializing in leveraged buyouts and investments in market–leading companies. “I expect LIXIL will continue to invest in these strategies, and that the combined technology and product development capabilities of American Standard and LIXIL will ensure significant progress in the years ahead.”

About LIXIL Corporation
LIXIL is Japan’s largest manufacturer group for building materials and housing equipment and has more than 75,000 employees worldwide. The Group recorded net sales of 1.4 trillion JPY in FY ended March 2013. It offers comprehensive solutions in housing and lifestyle and an extensive product lineup from windows, tiles, front doors, kitchens, bathrooms, and toilets under the brand name of American Standard (Asia Pacific), INAX and Tostem.

In Japan, LIXIL is the biggest housing and building materials company with top share in eight different categories currently led by President Yoshiaki Fujimori. Those include approx. 55% share in exteriors, approx. 50% share in housing sashes/doors, approx. 50% in curtain walls and approx. 40% in sanitary wares. LIXIL also is a top brand in tiles, washstand cabinet units, bathroom units and kitchen units. LIXIL, through the integration, now has a vast and unique business portfolio.

In the global market, its operations are led by group companies, such as Permasteelisa Group, which has strong presence in the curtain wall business with unmatched technology and designs. Their projects in the US include: New York by Gehry, One Bryant Park in NY and San Francisco Federal Building.

For more information about LIXIL, please visit http://global.lixil.co.jp/

About American Standard
American Standard is a leading manufacturer of a wide range of high-quality kitchen and bath products for residential and commercial customers in the North America, Canada and Mexico. The company employs more than 5,000 people and markets products under the brand names of American Standard®, Jado®, Porcher®, Safety Tubs®, Crane Plumbing®, Eljer®, Fiat® and Decorative Panels International®.

For more information about American Standard, visit:
www.americanstandard.com
twitter.com/AmStandard
www.facebook.com/AmericanStandardPlumbing.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 320 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, visit www.SunCapPart.com.

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Avalon Invest Caribbean Now 2013 Concludes With A Bang

Caribbean governments congratulate Royal Caribbean International for its 2013 award along with ICN Founder Felicia Persaud and Dr. Grace Lappin, managing director of Avalon Partners and this year's marquee sponsor. (Hayden Roger Celestin image)

Caribbean governments congratulate Royal Caribbean International for its 2013 award along with ICN Founder Felicia Persaud and Dr. Grace Lappin, managing director of Avalon Partners and this year's marquee sponsor. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Fri. June 7, 2013: Avalon Invest Caribbean Now concluded with a bang Wednesday, June 5th, with delegates, sponsors and speakers alike buzzing over the event’s presentation and program line-up that included a representative from the U.S. State Department and a Chinese delegation.

“Incredible,” “informative” and “superb,” were just some of the phrases used to describe the ICN 2013 forum that kicked-off with the VIP reception on Tuesday evening, June 4th and wrapped up at noon on Wednesday at the Radisson Martinique Hotel in New York City.

Over twelve dozen delegates attended the Avalon Invest Caribbean Now Forum and reception, including Premier of the Turks & Caicos Islands, Dr. Rufus Ewing and his Minister of Finance C. Washington Misick; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs St. Kitts, Ricky Skerritt; Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Minister of Tourism Nevis, Mark Brantley; Minister of Tourism of Antigua & Barbuda, John Maginley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation, Tobago; Nicolaas Sneek, Commissioner, St. Eustacius; Minister of Tourism of The Bahamas, Obie Wilchcombe and Chairman of the Caribbean Tourism Organization, and Commissioner of the United States Virgin Islands, Beverly Nicholson Doty.

ICN founder, Felicia Persaud, opened the forum with a passionate speech on the relevancy of the Caribbean while Anthony Eterno, of the Office of Caribbean Affairs in the Western Hemisphere Division in the U.S. State Department, discussed key issues regarding American investment in the Caribbean.

Alan Loewenstein delivered the keynote address and insisted the Caribbean is ripe for investments.

This was followed by a panel on “Development, Tourism & Beyond,” by Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications. The panel was moderated by Dr. Grace Lappin of Avalon Partners, Inc.

Xiaoguang Liu, consul in charge of economic & commercial affairs at the Consulate of China in New York; Johnny Liu of the American Chinese Commerce Development Association, (ACCDA); and Li Li, managing director of the Chinese American Business Development Center, (CABDC), were part of a well received panel on China and the Caribbean that was moderated by Arthur Piccolo of the Bowling Green Association.

The panel was presented by the Sino-American Friendship Association, (SAFA) and supported by ACCDA and the CABDC.

Additionally, US-based; Royal Caribbean Cruises, Ltd; the “ICN 2013 Corporate Leadership Award” winner, discussed its US$200 million in investments in the Caribbean region over the past ten years.

The event was the most promoted of the Caribbean Week activities with media placements in over one thousand media outlets, including CNBC, Reuters, Bloomberg and the Wall Street Journal.

Invest Caribbean Now is organized annually by The Caribbean Tourism Organization and digital media solutions company, Hard Beat Communications, during Caribbean Week in New York. The event is the brain child of Persaud and is now in its third year.

Kara Coleman, news anchor of One Caribbean Television emceed the forum which was sponsored by Avalon Partners; The Turks & Caicos Islands Investment Agency; Royal Caribbean Cruise, Ltd; One Caribbean Television, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

2013 media partners included the PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter, The Bahamas Weekly and Bahamas Local.

For more including additional photos and videos of the speeches and presentations stay logged on to InvestCaribbeanNow.com.

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TIFA Will Be Essential To Spurring Caribbean Growth – U.S. State Department Official

Mr. Anthony Eterno, of the Caribbean Affairs Office of the Western Hemisphere Division in the US State Department, addressing the Avalon Invest Caribbean Now 2013 forum in New York City on June 5, 2013. (Hayden Roger Celestin image)

Mr. Anthony Eterno, of the Caribbean Affairs Office of the Western Hemisphere Division in the US State Department, addressing the Avalon Invest Caribbean Now 2013 forum in New York City on June 5, 2013. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Fri. June 7, 2013: The United States – Caribbean Community Trade and Investment Framework Agreement, (TIFA), will be essential to spurring economic development and diversification of the region and to contributing to improvement in the well-being of citizens.

That’s the word from Anthony Eterno of the Caribbean Affairs Office of the Western Hemisphere Division in the US State Department, who on Wednesday, June 4th delivered a speech on “Investing In The Caribbean: The US’ Perspective,” at the 2013 Avalon Invest Caribbean Now forum held in New York City by digital media company, Hard Beat Communications in collaboration with the Caribbean Tourism Organization.

Eterno, who has over 15 years experience in Washington and overseas, including extensive service in the Caribbean, told the audience of more than 150 ministers, private sector investors from the U.S, Chinese representatives and the media, that the TIFA will include “matters relating to the WTO; bilateral trade and investment arrangements; cooperation in regional and multilateral areas; and support for regional integration (as well as a) focus on the digital divide through the promotion of innovation and the dissemination of technology.”

The U.S. State Department official’s comments came on the heels of the U.S. Vice President’s Caribbean trip to sign the TIFA on May 28th.  Eterno insisted that the United States is “creating a positive investment climate at the local level as well, making tangible progress in numerous communities across the region, noting that the U.S. State Department is actively using an “Economic Statecraft” approach that uses the tools of diplomacy abroad to support trade and the rights of U.S. investors abroad.

“Ours is a relationship that is borne out of a strong desire by all of our countries to collectively participate in an improved and sustainable future,” stated Eterno. “This is the kind of relationship that makes us stronger as partners.  And I can tell you that in many of the private conversations I have had with business leaders, government officials, unions, friends, and even family from the Caribbean, that because of this long-term focus and our proven commitment, the Caribbean knows in its heart of hearts that the United States has its back.  In fact, as we see the positive results of this strong partnership materialize, creating economic growth and prosperity for all of our citizens, we realize that we all have each other’s back.”

For the full presentation from Mr. Eterno log on here or to http://investcaribbeannow.com/presentations/

Other speakers and presenters at the Avalon ICN 2013 included Dr. Rufus Ewing, Premier of the Turks & Caicos Islands; C. Washington Misick, finance minister of the Turks & Caicos Islands; Alan Loewenstein, managing partner of Wedgewood Investment Group; Chairman of the Caribbean Tourism Organization and Commissioner of tourism of the USVI, Beverly Nicholson Doty; Miguel Reyna, director, Port Business Development and Asset Management, Royal Caribbean Cruises, Ltd.; Felicia Persaud, founder of Invest Caribbean Now and CMO at Hard Beat Communications; Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications; Dr. Grace Lappin of Avalon Partners, Inc. and Arthur Piccolo of the Bowling Green Association.

Private sector attendees included representatives from JP Morgan Chase, Nomura, Aegis Capital, Merrill Lynch, Royal Caribbean Cruises, Ltd, Frontier Markets Capital, Ltd.; Waterloo Investments Holdings Ltd.; RBC Merchant Bank Caribbbean; efm Hospitality; CIBC World Markets; RBC Royal Bank and Ibis Investments among others. 

Over twelve dozen delegates attended the Avalon Invest Caribbean Now Forum at the Radisson Martinique Hotel in mid-town, Manhattan, including Premier of the Turks & Caicos Islands, Dr. Rufus Ewing and his Minister of Finance C. Washington Misick; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs St. Kitts, Ricky Skerritt; Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Minister of Tourism Nevis, Mark Brantley; Minister of Tourism of Antigua & Barbuda, John Maginley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation, Tobago; Nicolaas Sneek, Commissioner, St. Eustacius; Minister of Tourism of The Bahamas, Obie Wilchcombe and Chairman of the Caribbean Tourism Organization, and Commissioner of the United States Virgin Islands, Beverly Nicholson Doty.; Parliamentary Secretary of Tourism of Anguilla, Haydn Hughes; Juliana Johan-Boodram, Permanent Secretary of Trinidad & Tobago’s Ministry of Tourism; and Russell Harrigan, chairman of the Board of Directors of the British Virgin Islands Tourist Board.

Meanwhile, Royal Caribbean International copped the prestigious “ICN Corporate Leadership Award” for 2013 for it’s over $200,000,000 investments in the Caribbean region in the past 10 years.

Invest Caribbean Now is the brain child of Felicia Persaud and is now in its third year.

Kara Coleman, news anchor of One Caribbean Television emceed the forum which was sponsored by Avalon Partners; The Turks & Caicos Islands Investment Agency; Royal Caribbean Cruise, Ltd; One Caribbean Television, the American Chinese Commerce Development Association  and The Chinese American Business Development Center.

For 2013 presentations log on here or http://investcaribbeannow.com/presentations/

For more including additional photos and videos of the speeches and presentations stay logged on to InvestCaribbeanNow.com.

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Investment Veteran Insists Caribbean Is Ripe With Promise At Avalon Invest Caribbean Now 2013

Mr. Alan Loewenstein, managing partner of Wedgewood Investment Group delivered the keynote address at the 2013 Avalon Invest Caribbean Now forum in New York city on June 5, 2013. (Hayden Roger Celestin image)

Mr. Alan Loewenstein, managing partner of Wedgewood Investment Group delivered the keynote address at the 2013 Avalon Invest Caribbean Now forum in New York city on June 5, 2013. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Fri. June 7, 2013: “The ‘Caribbean is ripe for significant investments to spur the region in sustained economic and human growth.”

That’s the consensus of 30-year investment veteran, Alan Loewenstein, managing partner of Wedgewood Investment Group. In delivering the keynote speech at the 2013 Avalon Invest Caribbean Now forum in New York City on Wednesday, June 5th, Loewenstein said “the government that can lure the most investment will be the long term winner because these investments will spur the local economy.”

He said the Caribbean is a safer bet for investors compared to Africa and Latin America since growth in the LATAM has much more political risk than the Caribbean while investments in Africa is “still too early stage with unstable governments that cause the potential for tremendous risk.”

“Investments now will be on the ground level of a growth and a building boom that will spur more growth in the future,” predicted Lowenstein, adding that the time to buy is when valuations are cheap.

But he said governments must do their part to attract the baby boomers and new millionaires and billionaires who are growing globally including in China and Russia.

“These people are accustomed to the modern conveniences of society,” said Loewenstein, so to entice them to come, all the technology needs to be in place, the marina has to be built, the service industry has to be trained and all the comforts of home need to be transported and this requires significant investment.”

For the full speech from Mr. Loewenstein log on here or to http://investcaribbeannow.com/presentations/

Other speakers and presenters at the Avalon ICN 2013 included Anthony Eterno of the Caribbean Affairs Office of the Western Hemisphere Division of the U.S. State Department; Dr. Rufus Ewing, Premier of the Turks & Caicos Islands; C. Washington Misick, finance minister of the Turks & Caicos Islands; Felicia Persaud, founder of Invest Caribbean Now and CMO at Hard Beat Communications; Chairman of the Caribbean Tourism Organization and Commissioner of tourism of the USVI, Beverly Nicholson Doty; Miguel Reyna, director, Port Business Development and Asset Management, Royal Caribbean Cruises, Ltd.; Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications; Dr. Grace Lappin of Avalon Partners, Inc. and Arthur Piccolo of the Bowling Green Association.

Private sector attendees included representatives from JP Morgan Chase, Nomura, Aegis Capital, Merrill Lynch, Royal Caribbean Cruises, Ltd, Frontier Markets Capital, Ltd.; Waterloo Investments Holdings Ltd.; RBC Merchant Bank Caribbbean; efm Hospitality; CIBC World Markets; RBC Royal Bank and Ibis Investments among others. 

Over twelve dozen delegates attended the Avalon Invest Caribbean Now Forum at the Radisson Martinique Hotel in mid-town, Manhattan, including Premier of the Turks & Caicos Islands, Dr. Rufus Ewing and his Minister of Finance C. Washington Misick; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs St. Kitts, Ricky Skerritt; Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Minister of Tourism Nevis, Mark Brantley; Minister of Tourism of Antigua & Barbuda, John Maginley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation, Tobago; Nicolaas Sneek, Commissioner, St. Eustacius; Minister of Tourism of The Bahamas, Obie Wilchcombe and Chairman of the Caribbean Tourism Organization, and Commissioner of the United States Virgin Islands, Beverly Nicholson Doty.; Parliamentary Secretary of Tourism of Anguilla, Haydn Hughes; Juliana Johan-Boodram, Permanent Secretary of Trinidad & Tobago’s Ministry of Tourism; and Russell Harrigan, chairman of the Board of Directors of the British Virgin Islands Tourist Board.

Meanwhile, Royal Caribbean International copped the prestigious “ICN Corporate Leadership Award” for 2013 for it’s over $200,000,000 investments in the Caribbean region in the past 10 years.

Invest Caribbean Now is the brain child of Felicia Persaud and is now in its third year.

Kara Coleman, news anchor of One Caribbean Television emceed the forum which was sponsored by Avalon Partners; The Turks & Caicos Islands Investment Agency; Royal Caribbean Cruise, Ltd; One Caribbean Television, the American Chinese Commerce Development Association  and The Chinese American Business Development Center.

For 2013 presentations log on here or http://investcaribbeannow.com/presentations/

For more including additional photos and videos of the speeches and presentations stay logged on to InvestCaribbeanNow.com.

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Investors Urged To Open Their Wallets To The Turks & Caicos

Premier Dr. Rufus Ewing, of the Turks & Caicos Islands, shares investment opportunities in his island at the Avalon Invest Caribbean Now 2013 forum in New York City on June 5, 2013. (Hayden Roger Celestin image)

Premier Dr. Rufus Ewing, of the Turks & Caicos Islands, shares investment opportunities in his island at the Avalon Invest Caribbean Now 2013 forum in New York City on June 5, 2013. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Fri. June 7, 2013: U.S. and Chinese investors are being urged to “open their wallets” to investment opportunities in the Turks & Caicos Islands.

The call to action came from the Premier of the Turks & Caicos Islands, Dr.  Rufus Ewing and his finance minister, C. Washington Misick, at the 2013 Avalon Invest Caribbean Now forum held in New York City on June 5, 2013.

Dr. Ewing shared several opportunities currently available for investment in the TCI as well as expansion and infrastructure enhancements planned by his Progressive National Party government.

These include the expansion of the Providenciales International Airport; the Caicos Causeway Project that will stretch from Providenciales to South Caicos; the development of College Park catering for medical, trade and hospitality schools and the establishment of technology parks on the island as part of a Software Development Economic Special Zone.

The Premier and Minister Misick also disclosed opportunities for the development of AP/EP branded hotels of quality on the island to boost the island’s hotel room stock; yachting tourism via marina development; a deep water port among several others.

For the full presentation from Premier Dr. Rufus Ewing, log on here or to http://investcaribbeannow.com/presentations/

Other speakers and presenters at the Avalon ICN 2013 included Anthony Eterno of the Caribbean Affairs Office of the U.S. State Department; Felicia Persaud, founder of Invest Caribbean Now and CMO at Hard Beat Communications; Chairman of the Caribbean Tourism Organization and Commissioner of tourism of the USVI, Beverly Nicholson Doty; Alan Loewenstein, managing partner of Wedgewood Investment Group; Miguel Reyna, director, Port Business Development and Asset Management, Royal Caribbean Cruises, Ltd.; Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications; Dr. Grace Lappin of Avalon Partners, Inc. and Arthur Piccolo of the Bowling Green Association.

Private sector attendees included representatives from JP Morgan Chase, Nomura, Aegis Capital, Merrill Lynch, Royal Caribbean Cruises, Ltd, Frontier Markets Capital, Ltd.; Waterloo Investments Holdings Ltd.; RBC Merchant Bank Caribbbean; efm Hospitality; CIBC World Markets; RBC Royal Bank and Ibis Investments among others. 

Over twelve dozen delegates attended the Avalon Invest Caribbean Now Forum at the Radisson Martinique Hotel in mid-town, Manhattan, including Premier of the Turks & Caicos Islands, Dr. Rufus Ewing and his Minister of Finance C. Washington Misick; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs St. Kitts, Ricky Skerritt; Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Minister of Tourism Nevis, Mark Brantley; Minister of Tourism of Antigua & Barbuda, John Maginley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation, Tobago; Nicolaas Sneek, Commissioner, St. Eustacius; Minister of Tourism of The Bahamas, Obie Wilchcombe and Chairman of the Caribbean Tourism Organization, and Commissioner of the United States Virgin Islands, Beverly Nicholson Doty.; Parliamentary Secretary of Tourism of Anguilla, Haydn Hughes; Juliana Johan-Boodram, Permanent Secretary of Trinidad & Tobago’s Ministry of Tourism and Russell Harrigan, chairman of the Board of Directors of the British Virgin Islands Tourist Board.

Meanwhile, Royal Caribbean International copped the prestigious “ICN Corporate Leadership Award” for 2013 for it’s over $200,000,000 investments in the Caribbean region in the past 10 years.

Invest Caribbean Now is the brain child of Felicia Persaud and is now in its third year.

Kara Coleman, news anchor of One Caribbean Television emceed the forum which was sponsored by Avalon Partners; The Turks & Caicos Islands Investment Agency; Royal Caribbean Cruise, Ltd; One Caribbean Television, the American Chinese Commerce Development Association  and The Chinese American Business Development Center.

For 2013 presentations log on here or http://investcaribbeannow.com/presentations/

For more including additional photos and videos of the speeches and presentations stay logged on to InvestCaribbeanNow.com.

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Business Development Trip To China Urged At Avalon Invest Caribbean Now 2013

 ICN founder Felicia Persaud, 4th from right, with Mike Ronan, vice president of government relations for the Caribbean, Latin America & Asia at RCCL, 4th from l.; Miguel Reyna, director, Port Business Development and Asset Management, 3rd from r;  Kara Coleman, news anchor of One Caribbean Television and ICN 2013 emcee, 2nd from left and the China and the Caribbean panellists including Li Li at L; Consul in charge of economic & commercial affairs of the Consulate General of China in New York, Xiaoguang Liu; 3rd from r. and Johnny Liu of the American Chinese Commerce Development Association at right. (Hayden Roger Celestin image)

Among the corporate, governmental and economic heavyweights participating in the 2013 Invest Caribbean Now Forum were (l. to r.) Li Li, managing director of the Chinese American Business Development Center; Kara Coleman, news anchor of One Caribbean Television and ICN 2013 emcee; Peter Zhang, president of the Sino-American Friendship Society; Mike Ronan, vice president of government relations for the Caribbean, Latin America and Asia at Royal Caribbean Cruise Lines; ICN founder Felicia Persaud; Miguel Reyna, director, Port Business Development and Asset Management; Johnny Liu of the American Chinese Commerce Development Association; and Xiaoguang Liu, consul in charge of economic and commercial affairs of the Consulate of China in New York. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Thurs. June 6, 2013: Caribbean governments were on Wednesday, June 5th, urged to participate in a business development and investment promotions trip to China this Fall as the curtains came down on the Avalon Invest Caribbean Now Forum in New York City.

The invitation was extended by Li Li, managing Director of the Chinese American Business Development Center and seconded by the Consul in charge of economic & commercial affairs of the Consulate General of China in New York, Xiaoguang Liu; and Johnny Liu of the American Chinese Commerce Development Association.  The three were part of a panel on ‘China and the Caribbean’ at ICN 2013, which came on the heels of Chinese President’s Xi Jinping first visit to the Caribbean island of Trinidad on May 31st and his pledge of more than $3 billion in loans to 10 Caribbean nations and Costa Rica on June 2nd.

“The Chinese private sectors are seeking opportunities in the Caribbean such as hospitality, real estate, healthcare and education industry because they are easy to operate, are transparent and create jobs,”  Li told the packed room at the Radisson Martinique Hotel Wednesday.

She said the Caribbean, located in the center of the Americas, provides the advantage of easy access to markets in the North, South and Central America and serves as a bridge to the markets in Europe.

Citing statistics that said up to 100 million Chinese will be traveling abroad by 2015, Li said the time was right for the Caribbean to target this key demographic, especially since the Chinese consumer works hard and has spending power and “the Caribbean has garnered critical acclaim as a Mecca for tourism with significant investments in that and related sectors.”

Li also pointed to figures that showed the Chinese outbound travel market will be $590 billion by 2020.

The panel was presented by the Sino-American Friendship Association, (SAFA) and supported by The Chinese American Business Development Center, (CABDC) and the American Chinese Commerce Development Association, (ACCDA).Arthur Piccolo of the New Sports Group moderated the forum.

Meanwhile, Anthony Eterno, of the Caribbean Affairs Office of the Western Hemisphere Division in the US State Department, in his speech on the “US’ views on Investing In The Caribbean,” insisted that the U.S. Obama administration remains committed to an economic partnership with the region that stimulates growth.

And in opening remarks, ICN Founder and CMO of Hard Beat Communications, Felicia Persaud, urged Caribbean governments to  do more to “tell and sell” the diverse Caribbean investment story to the right people because the region “is relevant” despite what the naysayers may claim.

“We are relevant when 11 Caribbean nations are in the top 100 when it comes to ease of doing business but only seven for Latin America and eight for Africa,” said Persaud. “We are relevant when eight nations in the Caribbean are ranked in the top 100 fastest growing economies globally compared to 10 for Latin America as of 2012 … a difference of two … and we are relevant when the world’s richest man invests Caribbean.”

Over twelve dozen delegates attended the Avalon Invest Caribbean Now Forum at the Radisson Martinique Hotel in mid-town, Manhattan, including Premier of the Turks & Caicos Islands, Dr. Rufus Ewing and his Minister of Finance C. Washington Misick; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs St. Kitts, Ricky Skerritt; Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Minister of Tourism Nevis, Mark Brantley; Minister of Tourism of Antigua & Barbuda, John Maginley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation, Tobago; Nicolaas Sneek, Commissioner, St. Eustacius; Minister of Tourism of The Bahamas, Obie Wilchcombe and Chairman of the Caribbean Tourism Organization, and Commissioner of the United States Virgin Islands, Beverly Nicholson Doty.

Speakers and presenters included Miguel Reyna, director, Port Business Development and Asset Management, Royal Caribbean Cruises, Ltd.; Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications; Dr. Grace Lappin of Avalon Partners, Inc. And Arthur Piccolo of the Bowling Green Association.

The “ICN 2013 Corporate Leadership Award” was presented to Royal Caribbean International,

In brief remarks, Adam Goldstein, President and CEO of RCCL, said “The Caribbean has been the heart and soul of who we are and where we go for over 40 years, and we are honored to receive the 2013 ‘Invest Caribbean Now Corporate Leadership Award” as our goal is to continue to work closely with the Caribbean so that their ability to retain and attract cruise ships remains as strong and robust as ever and we look forward to being a leader and working to help recognize the region’s value.”

Mike Ronan, vice president of government relations for the Caribbean, Latin America & Asia at RCCL, represented Golstein at the event and accepted the prestigious award that is given to one individual or corporation each year for their above par investments in the region.

Invest Caribbean Now is organized annually by The Caribbean Tourism Organization and digital media solutions company, Hard Beat Communications, during Caribbean Week in New York. The event is the brain child of Persaud and is now in its third year.

Kara Coleman, news anchor of One Caribbean Television emceed the forum which was sponsored by Avalon Partners; The Turks & Caicos Islands Investment Agency; Royal Caribbean Cruise, Ltd; One Caribbean Television, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

2013 media partners included the PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter, The Bahamas Weekly and Bahamas Local.

For more including additional photos and videos of the speeches and presentations stay tuned for continuous updates on to InvestCaribbeanNow.com.

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Over A Dozen Caribbean Governments For Invest Caribbean Now Forum Today

Turks & Caicos Premier Dr. Rufus Ewing addressing guests at the TCI sponsored  Avalon ICN VIP party on June 4, 2013. (Hayden Roger Celestin image)

Turks & Caicos Premier Dr. Rufus Ewing addressing guests at the TCI sponsored Avalon ICN VIP party on June 4, 2013. (Hayden Roger Celestin image)

CaribPR Wire, NEW YORK, NY, Weds. May 5, 2013: More than a dozen Caribbean governments will gather in New York City this morning for the third annual Invest Caribbean Now Forum.

Two premiers, a chief minister, a governor; seven ministers of governments and two commissioners will join more than a hundred delegates, including from China; the U.S. government and the private sector for the Avalon Invest Caribbean Now Forum at the Radisson Hotel in mid-town, Manhattan.

The event comes on the heels of last night’s opening reception for speakers, sponsors and VIPS, which was hosted by the Turks & Caicos Islands Investment Agency and the Government of the Turks & Caicos Islands at the Yale Club in NYC.

In brief remarks, Premier of the Turks & Caicos Islands, Dr. Rufus Ewing, insisted his country is open for business.

Governments who will attend the forum today will include Dr. Orlando Smith, Premier of the British Virgin Islands; Chief Minister of Anguilla, Hubert Hughes;  Governor John De Jong, Jr. of the United States Virgin Islands; Finance Minister Washington Misick of the Turks & Caicos Islands;  Minister of Tourism of Trinidad Stephen Cadiz; Minister of Tourism of Antigua, John Maginley; Minister of Tourism, Nevis, Mark Brantley; Minister of Tourism, Sports & Culture, St. Vincent & The Grenadines, Cecil McKie; Minister of Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs of St. Kitts, Ricky Skerritt and Minister for Tourism, Heritage and Creative Industries, St. Lucia, Lorne Theophilus; Commissioner of Tourism for the US Virgin Islands and Chairman of the Caribbean Tourism Organization, Beverly Nicholson Doty; Commissioner, St. Eustacius, Nicholas Sneek and Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation of Tobago were among governmental dignitaries.

Anthony Eterno of the Caribbean Affairs Office of the US State Department, who will speak on the US’ view on investing in the Caribbean and Xiaoguang Liu, Consul in charge of economic & commercial affairs at the Consulate General of China in New York, will also speak on Wednesday morning on the China-Caribbean opportunities that exist as part of a panel on China and the Caribbean.

The sold out Forum will begin at 8:30 a.m. sharp with a welcome by emcee Kara Coleman, news anchor of One Caribbean Television and opening remarks from founder of ICN and CMO of Hard Beat Communications, Felicia Persaud.

This will be followed by remarks from CTO Chair Nicholson-Doty and a speech by Eterno; Premier Dr. Ewing and his finance minister, Washington Misick.

Two panels will then follow – one on Development, Tourism & Beyond with Heather Flossiac of Belle Vue Properties of St. Lucia; E. Jay Saunders, CEO of Digicel TCI; Brian Lilly, founder of One Caribbean Television and Ganesh Ramanathan, creative director at Hard Beat Communications and the other on China and the Caribbean that will feature Liu; Johnny Liu of the American Chinese Commerce Development Association and Li Li, managing director of the Chinese American Business Development Center.

The panels will be moderated respectively, by Dr. Grace Lappin, managing director of Avalon Partners and Arthur Piccolo of the New Sports Group, who is replacing Martin Mohabeer of Spackman Capital.

The formal forum will wrap up at 10:30 a.m. with a presentation by Miguel Reyna – Director, Port Business Development and Asset Management, Royal Caribbean Cruises, Ltd and the ICN corporate leadership award presentation to Royal Caribbean International. An hour long doing business and networking session will bring the curtains down on ICN 2013.

The Avalon Invest Caribbean Now Forum comes on the heels of U.S. Vice President Joe Biden’s Caribbean trip on May 28th for the signing of the United States – Caribbean Community (CARICOM) Trade and Investment Framework Agreement, (TIFA) and the first visit to Trinidad & Tobago by the Chinese President Xi Jinping, which will take place from May 31 to June 2.

Invest Caribbean Now is organized annually by The Caribbean Tourism Organization and digital media solutions company, Hard Beat Communications, during Caribbean Week in New York.

ICN 2013 is sponsored by marquee sponsor Avalon Partners; gold sponsors, The Turks & Caicos Islands Investment Agency and Royal Caribbean Cruise, Ltd; bronze sponsor, One Caribbean Television and supporting sponsors, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

2013 media partners include the PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter, The Bahamas Weekly and Bahamas Local.

For more, log on to InvestCaribbeanNow.com.

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Royal Caribbean International to Receive the 2013 Invest Caribbean Now Corporate Leadership Award

Royal Caribbean International President, Adam Golstein and VP Mike Ronan, will accept the award on behlaf of the company.

Royal Caribbean International President & CEO, Adam Goldstein and VP Mike Ronan, will accept the award on behalf of the company.

CaribPR Wire, NEW YORK, NY, Mon. June 3, 2013: Celebrating more than four decades in business, Royal Caribbean International will be honoured for its investments in the Caribbean region during Caribbean American Heritage Month in New York City this June.

Royal Caribbean International will be presented with the ‘2013 Invest Caribbean Now Corporate Leadership ‘award on Wednesday, June 5th at the Radisson Martinique Hotel, for its substantial commitment in serving the Caribbean region’s tourism sector, the current lifeblood of many nations.

The Avalon Invest Caribbean Now forum is the definitive Caribbean investment event, presented annually in conjunction with the Caribbean Tourism Organization, (CTO), the governmental arm of tourism; and digital media company, Hard Beat Communications. Held during Caribbean Week in New York, one individual or corporation deemed as excelling in its investments in the U.S.’ ‘Third Border,’ is selected to receive the coveted award each year.

ICN officials are honouring Royal Caribbean International this year for generously investing in the region and developing partnerships with governments and local businesses in twenty countries.  Royal Caribbean operates twenty-three ships that call at over twenty Caribbean destinations, bringing more than 8.5 million visitors to the region each year.

Over the last ten years, Royal Caribbean’s partnerships have been extensive, generating aggregate investments of over US$200,000,000, including the historic cruise port of Falmouth, Jamaica; Roatan Honduras Town Center and the cruise port in Belize City. In addition, Royal Caribbean operates its private destinations of CocoCay in The Bahamas and Labadee in Haiti.

Royal Caribbean International’s CEO and President, Adam Goldstein and Mike Ronan, the company’s vice president of government relations for the Caribbean, Latin America and Asia, will accept the award on behalf of Royal Caribbean.

In commenting on the award, Royal Caribbean International’s CEO and President, Goldstein, said: “The Caribbean has been the heart and soul of who we are and where we go for over 40 years, and we are honored to receive the 2013 ‘Invest Caribbean Now Corporate Leadership Award.’ At Royal Caribbean, our goal is to continue to work closely with the Caribbean so that their ability to retain and attract cruise ships remains as strong and robust as ever and we look forward to being a leader and working to help recognize the region’s value.”

As well, this year’s ICN program will focus on both the US and China’s investments in the Caribbean with speakers including Anthony Eterno of the Caribbean Affairs Office in the Western Hemisphere Department of the U.S. State Department; Xiaoguang Liu, consul in charge of economic & commercial affairs, Consulate General of China, New York; and Jianxin Lin, chairman of the American Chinese Commerce Development Association.

The forum comes on the heels of Vice President Joe Biden’s May 28th trip to the Caribbean for the signing of the United States – Caribbean Community (CARICOM) Trade and Investment Framework Agreement, (TIFA) and the first visit to the region by the new Chinese President Xi Jinping that concluded on June 2nd.

ICN 2013 is sponsored by marquee sponsor Avalon Partners; gold sponsors, The Turks & Caicos Islands Investment Agency and Royal Caribbean Cruises Ltd.; bronze sponsor, One Caribbean Television and supporting sponsors, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

2013 media partners include the PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter, The Bahamas Weekly and Bahamas Local.

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Rick Waugh announces his retirement from Scotiabank effective January 31, 2014; Brian Porter to take on role of President and CEO effective November 1, 2013

TORONTO, May 31, 2013 /PRNewswire/ – Scotiabank Chief Executive Officer Rick Waugh today announced his intention to retire as CEO effective November 1, 2013 after 10 years in the role and 43 years with the Bank.  He will remain a Director of the Board and assume the role of Deputy Chairman of the Bank until January 31, 2014.

(Photo: http://photos.prnewswire.com/prnh/20130531/LT23880 )

The Board of Directors has appointed Brian Porter to the role of President and Chief Executive Officer effective November 1, 2013.  Brian was appointed to the role of President on November 1, 2012, and just prior to that was Group Head, International Banking, overseeing all of the Bank’s personal, small business and commercial banking operations in more than 55 countries outside of Canada. Brian was also Scotiabank’s Group Head of Global Risk Management and Treasury.   He joined Scotiabank in 1981, and has held a variety of other management positions, including Deputy Chairman of Global Banking and Markets.

“Rick Waugh has guided Scotiabank through a period of tremendous growth, generating exceptional returns for shareholders and employees during some very turbulent times. His focus on customers, diversification, emerging markets and risk management along with his strong values, has shaped the growth and direction of the Bank over the last ten years,” said John Mayberry, Chairman of the Board.

The Board expressed its confidence in Brian Porter appointing him President in November 2012.  Mayberry added, “We are pleased to take the next step in succession today by confirming him in the role of President and CEO effective November 1, 2013.   Brian has a tremendous range of experience across the Bank, including the critical role of Chief Risk Officer. The Board is confident in Brian’s ability to continue to produce strong results and build on the straightforward and proven business model that has worked so well for customers, shareholders and employees.”

“I want to congratulate Brian Porter on his appointment to President and Chief Executive Officer,” said Rick Waugh, CEO, Scotiabank.  “He has had an exceptional career at Scotiabank.  Brian and the management team bring the right experience, values and culture to ensure our Bank’s continued success.”

“It is a distinct privilege to have been entrusted with the role of President and Chief Executive Officer, and I would like to thank the Board of Directors and Rick Waugh for their confidence in my ability to continue to deliver superior, consistent and predictable results for all of our stakeholders,” said Brian Porter, President, Scotiabank.

Scotiabank is a leading multinational financial services provider and Canada’s most international bank. With more than 83,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $754 billion (as at April 30, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

For further information:

Diane Flanagan diane.flanagan@scotiabank.com (416) 933-2176
Ann DeRabbie ann.derabbie@scotiabank.com (416) 933-1344

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Investments Unite China, U.S. & The Caribbean In Caribbean American Heritage Month

Anthony Eterno, U.S. State Department, Office of Caribbean Affairs, Western Hemisphere and Xiaoguang Liu, consul in charge of economic & commercial affairs of the Consulate General of China in New York are among the ICN 2013 speakers.

Anthony Eterno, U.S. State Department, Office of Caribbean Affairs, Western Hemisphere and Xiaoguang Liu, consul in charge of economic & commercial affairs of the Consulate General of China in New York are among the ICN 2013 speakers.

CaribPR Wire, NEW YORK, NY, Fri. May 31, 2013: Investment in the Caribbean region is bringing together a unique coalition for Caribbean American Heritage Month this June, as the United States, China and the Caribbean unite for Invest Caribbean Now 2013.

The sold out Forum on June 5th at the Radisson Martinique Hotel in New York City, comes on the heels of U.S. Vice President Joe Biden’s Caribbean trip on May 28th for the signing of the United States – Caribbean Community (CARICOM) Trade and Investment Framework Agreement, (TIFA) and the first visit to Trinidad & Tobago by the Chinese President Xi Jinping, which will take place from May 31 to June 2.

Xiaoguang Liu, consul in charge of economic & commercial affairs at the Consulate of China in New York will headline a panel on China’s growing interests in the Caribbean. Other panelists will include Jianxin Lin, chairman of the American Chinese Commerce Development Association, (ACCDA); and Li Li, managing director of the Chinese American Business Development Center, (CABDC). The Sino-American Friendship Association (SAFA) will present the panel, which will be supported by ACCDA and the CABDC and moderated by Martin Mohabeer, managing director of Spackman Group, a Hong-Kong based venture capital firm.

As well, Anthony Eterno, of the Office of Caribbean Affairs in the Western Hemisphere Division in the U.S. State Department, will discuss key issues regarding American investment in the Caribbean Additionally, US-based; Royal Caribbean Cruises, Ltd will discuss its investments in the Caribbean region before an audience that will include over a dozen Caribbean premiers and ministers of government.

In 2012, U.S. imports from Caribbean countries under the Caribbean Basin Initiative totalled more than $11 billion, representing a 178 percent increase over the past decade. U.S. exports equalled nearly $12 billion, representing a 133 percent increase over the past decade.

In 2011, China announced it would lend $6.3 billion to Caribbean governments, adding considerably to the hundreds of millions of dollars in loans, grants and other forms of economic assistance it has already channelled in the past decade.

Invest Caribbean Now is organized annually by The Caribbean Tourism Organization and digital media solutions company, Hard Beat Communications, during Caribbean Week in New York.

ICN 2013 is sponsored by marquee sponsor Avalon Partners; gold sponsors, The Turks & Caicos Islands Investment Agency and Royal Caribbean Cruise, Ltd; bronze sponsor, One Caribbean Television and supporting sponsors, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

Speakers and panellists confirmed for ICN 2013 are:

Anthony Eterno, U.S. State Department, Office of Caribbean Affairs, Western Hemisphere;

Dr. Rufus Ewing, Premier Turks & Caicos Islands, (TCI);

Washington Misick, Finance Minister, Turks & Caicos Islands;

Beverly Nicholson-Doty, Chairman, Caribbean Tourism Organization, (CTO) and Commissioner Tourism, USVI;

Alan Lowenstein, managing director, Wedgewood Investment Group;

E. Jay Saunders, CEO, Digicel TCI;

Heather Floissac, managing director, Belle Vue Properties, Ltd;

Brian Lilly, CEO, Lilly Broadcasting and One Caribbean Television;

Adam Goldstein, president, Royal Caribbean International;

Miguel Reyna, director, port business development and asset management, Royal Caribbean Cruises Ltd.;

Dr. Grace Lappin, managing director, Avalon Partners;

Xiaoguang Liu, consul in charge of economic & commercial affairs of the Consulate General of China in New York;

Jianxin Lin, chairman of the American Chinese Commerce Development Association, (ACCDA);

Li Li, managing director of the Chinese American Business Development Center, (CABDC);

Ganesh Ramanathan, creative director, Hard Beat Communications;

Felicia Persaud, CMO, Hard Beat Communications.

Other government attendees will include:

Premier Dr. Orlando Smith of the British Virgin Islands;

John Percy de Jongh, Jr,   Governor, US Virgin Islands;

Chief Minister Hubert Hughes of Anguilla;

Senator Ricky Skerritt, Minister Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs, St. Kitts;

Lorne Theophilus, Minister Tourism, Heritage and Creative Industries, St. Lucia;

Stephen Cadiz, Minister Tourism, Trinidad & Tobago;

Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation of Tobago;

Mark Brantley, Minister Tourism, Nevis;

Nicolaas Sneek, Commissioner St. Eustatius;

John Maginley, tourism minister of Antigua & Barbuda;

Damion Crawford, minister of state, Jamaica;

Maryse Noel of Haiti

and Hugh Riley, secretary general, Caribbean Tourism Organization, (CTO).

Private sector representatives will include senior executives from JP Morgan Chase, Merrill Lynch, Nomura, CIBC World Capital, Ibis Investments, Aegis Capital, Portfolio Credit Management Limited, DHL, Marriott International, Spackman Capital, Royal Caribbean Cruise, Ltd., One Caribbean Television, Avalon Partners, Digicel, TCI, Scotiabank TCI and Sun Realty among others.

2013 media partners include the PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter, The Bahamas Weekly and Bahamas Local.

For more, log on to InvestCaribbeanNow.com.

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The Definitive Caribbean Investment Forum Returns To New York City This June

may24thinviteCaribPR Wire, NEW YORK, NY, Fri. May 24, 2013: The countdown is on to the Avalon Invest Caribbean Now forum, the definitive Caribbean investment meeting and the most promoted item on the Caribbean Week calendar, set for June 5th from 7:30 to 11:30 a.m. at the Radisson Martinique, 49 West 32nd Street at Broadway in New York City.

With over 1,000 media placements already including on the Wall Street Journal, CNBC, Bloomberg and Reuters, the conference remains true to its goal of matching international financial influencers with government officials and policy makers from “Paradise,” the last emerging market on earth.

Speakers and panelists confirmed for ICN 2013 are:

Anthony Eterno, U.S. State Department

Dr. Rufus Ewing, Premier Turks & Caicos Islands, (TCI)

Washington Misick, Finance Minister, Turks & Caicos Islands

Beverly Nicholson-Doty, Chairman, Caribbean Tourism Organization, (CTO) and Commissioner Tourism, USVI

Alan Lowenstein, managing director, Wedgewood Investment Group

E.Jay Saunders, CEO, Digicel TCI

Heather Floissac, managing director, Belle Vue Properties Ltd

Brian Lilly, CEO, Lilly Broadcasting and One Caribbean Television

Adam Goldstein, president, Royal Caribbean International

Miguel Reyna, director, port business development and asset management, Royal Caribbean Cruises Ltd.

Dr. Grace Lappin, managing director, Avalon Partners

Xiaoguang Liu, consul in charge of economic & commercial affairs of the Consulate General of China in New York

Jianxin Lin, president of American Chinese Commerce Development Association, (ACCDA)

Li Li, managing director of the Chinese American Business Development Center, (CABDC)

Ganesh Ramanathan, creative director, Hard Beat Communications

Felicia Persaud, CMO, Hard Beat Communications.

Government attendees will include:

John Percy de Jongh, Jr,   Governor, US Virgin Islands

Hubert Hughes, Chief Minister, Anguilla

Senator Ricky Skerritt, Minister Tourism & International Transport, International Trade, Industry, Commerce & Consumer Affairs, St. Kitts

Lorne Theophilus, Minister Tourism, Heritage and Creative Industries, St. Lucia

Stephen Cadiz, Minister Tourism, Trinidad & Tobago

Assemblyman Tracy Davidson-Celestine, Deputy Chief Secretary and Secretary, Division of Tourism and Transportation of Tobago

Mark Brantley, Minister Tourism, Nevis

Nicolaas Sneek, Commissioner St. Eustatius

Hugh Riley, secretary general, Caribbean Tourism Organization, (CTO).

Private sector representatives will include senior executives from JP Morgan Chase, Merrill Lynch, Nomura, CIBC World Capital, Ibis Investments, Aegis Capital, Portfolio Credit Management Limited, DHL, Marriott International, Spackman Capital, Royal Caribbean Cruise, Ltd., One Caribbean Television, Avalon Partners, Digicel, TCI, Scotiabank TCI and Sun Realty among others.

A VIP only reception for sponsors, speakers, panelists and special guests will precede the forum on June 4th at the Yale Club and will be sponsored by The Turks & Caicos Islands Investment Agency.

Tickets at US$185 are available only through May 24th for the June 5th forum at http://investcaribbeannow.com/registration/

The coveted 2013 ICN Leadership Award will be presented to Royal Caribbean International.

Invest Caribbean Now is organized annually by The Caribbean Tourism Organization and digital media solutions company, Hard Beat Communications, during Caribbean Week in New York.

ICN 2013 is sponsored by marquee sponsor Avalon Partners; gold sponsors, The Turks & Caicos Islands Investment Agency and Royal Caribbean Cruise Ltd; bronze sponsor, One Caribbean Television and supporting sponsors, The Chinese American Business Development Center, the American Chinese Commerce Development Association and No-Jet-Lag.

2013 media partners are: The PR Newswire, CaribPR Wire, News Americas Now, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle, Dominica Gazette, Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, the Bajan Reporter , The Bahamas Weekly and Bahamas Local.

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Defending Paradise: $64 million and Immediate Action Committed to Protect the Environment and Accelerate Renewable Energy

NECKER ISLAND, British Virgin Islands, May 23, 2013 /PRNewswire-USNewswire/ – In a joint effort to safeguard and bolster the Caribbean region’s tourism-dependent economy, fifteen Caribbean governments and seventeen corporations met on Necker Island, home of Sir Richard Branson, in the British Virgin Islands this weekend and committed approximately $64 million USD to preserve and protect the region’s marine and coastal environment, and accelerate efforts to transition to renewable energy.

“Protecting and harnessing the natural world is the greatest opportunity of our lifetimes,” said Sir Richard Branson, Founder and Chairman of the Virgin Group. “We can’t have much economic growth without a healthy Caribbean environment, and we can’t have a healthy Caribbean environment without healthy economic development. Solving the energy challenge and marine conservation challenge in the Caribbean go hand-in-hand.”

The event, launching the second phase of the Caribbean Challenge Initiative (CCI), was co-hosted by the Prime Minister of Grenada, Premier of the British Virgin Islands, and Sir Richard Branson.  The event’s sponsoring partner was Tiffany & Co. Foundation, and the event was organized by The Nature Conservancy, with support from Virgin Unite, the non-profit entrepreneurial foundation of the Virgin Group, and the Carbon War Room.

“We are honored to be part of such a historic event, and we applaud our fellow Caribbean nations participating in this Summit,” said Prime Minister Dr. the Right Honourable Keith C. Mitchell of Grenada. “We are charting a path for future generations, stressing the importance of conservation throughout the region.”

“Governments and their people, companies and their consumers, and local communities all must work together to protect this beautiful region,” said Glenn Prickett, Chief External Affairs Officer for The Nature Conservancy. “This event has demonstrated that no longer is protecting nature viewed as a luxury, it is critical to the success of the region’s economy.”

Commitments announced at the Summit by individual governments to support these efforts included the establishment of a national trust fund to protect biodiversity in The Bahamas; adoption of a Protected Areas System Plan to protect 33 percent of marine and coastal environments in the British Virgin Islands; the establishment of 14 fish sanctuaries in Jamaica; a commitment to double the number of protected areas in Puerto Rico; Grenada’s reaffirmation to protect 25 percent of its marine and coastal environment; and Belize’s commitment to protect 30 percent of its marine and coastal environments with over 10 designated as no-take fishing zones.

In addition to these commitments, Defend Paradise, a campaign designed to generate funding for marine conservation in the Caribbean and raise consumer awareness of the marine environment was launched.

Access the full press release, video footage from the Caribbean Summit and photos.

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Ben & Jerry’s business model to headline CIF 2013

cIFlogo

May 20th, 2013

News Release

Ben Cohen, Co-founder of Ben & Jerry’s Homemade, INC.

Ben Cohen, Co-founder of Ben & Jerry’s Homemade, INC.

CaribPR Wire, Port of Spain, Trinidad, Mon. May 20, 2013: The 3rd annual Caribbean Investment Forum, (CIF), takes place on June 10th and 11th, 2013 with an exciting line up of local, regional and international speakers, headlining with Ben Cohen, Co-founder of Ben & Jerry’s Homemade, INC.

Ben is the part of the duo which has helped to build a store-front venture into a $300 million ice-cream empire by making social responsibility and creative management, strengths instead of weaknesses. His business plan has been featured in his 2007 book “Values-Driven Business: How to Change the World, Make Money, and Have Fun” and explores the road map for starting a successful business. Ben has maintained that successful businesses can be environmentally and socially conscious and uses real-life examples in his book to show how “triple bottom line” practices-profits, people and planet, have helped businesses thrive.

The Ben & Jerry’s community –oriented approach to business where by good will, good times and good ice-cream are shared, will come to life at CIF 2013. Today a model for business success Ben and Jerry have been recognized for fostering their company’s commitment to social responsibility.

Ben’s presentation will deliver a rousing tribute to the entrepreneurial spirit, full of anecdotes and focusing on the importance of bringing social responsibility to the business world.

Ben Cohen will speak at the Opening Plenary of the Caribbean Investment Forum on June 10th, 2013, with a presentation titled: “Ben & Jerry’s Homemade – A Radical Business Philosophy,” and on Tuesday June 11th, 2013, he will share “The Ben & Jerry’s Story.”

Caribbean Investment Forum is an initiative of the Ministry of Trade, Industry and Investment (MTII) and presented by invesTT, the investment promotion agency of Trinidad and Tobago. CIF takes place on June 10th and 11th 2013 at the Trinidad Hilton and Conference Centre and will feature sessions on industries targeted for growth inclusive of Maritime, Agribusiness, Tourism, Business Process Outsourcing, ICT, Creative Industries and Energy.

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3rd Annual Caribbean Investment Forum, (CIF), Launched

cIFlogo

Trinidad & Tobago’s Trade, Industry & Investment Minister, Vasant Bharath, second from right, chats with (l to r): President of InvesTT , Kelvin Mahabir,; TIC Chairman,  Anthony Aboud, and Managing Director Full Circle Animation, Jason Lindsay, during the formal launch of the Caribbean Investment Forum held at the Hyatt Hotel on May 14, 2013. (PHOTO: SHIRLEY BAHADUR)

Trinidad & Tobago’s Trade, Industry & Investment Minister, Vasant Bharath, second from right, chats with (l to r): President of InvesTT , Kelvin Mahabir,; TIC Chairman, Anthony Aboud, and Managing Director Full Circle Animation, Jason Lindsay, during the formal launch of the Caribbean Investment Forum held at the Hyatt Hotel on May 14, 2013. (PHOTO: SHIRLEY BAHADUR)

CaribPR Wire, Port of Spain, Trinidad, Tues. May 14, 2013: The 3rd annual Caribbean Investment Forum, (CIF), an initiative of the Ministry of Trade, Industry and Investment, (MTII), and presented by invesTT, was launched today at the Hyatt Regency Trinidad, Port of Spain. CIF 2013 will take place on June 10th and 11th at the Hilton Trinidad and Conference Centre and is expected to deliver two impactful days of high level discussions on investment opportunities in the Caribbean.

Emphasizing the forum’s mandate to attract potential investors was feature speaker Senator the Honourable Vasant Bharath, Minister of Trade, Industry & Investment. The Honourable Minister noted that meticulous planning was involved in the staging of CIF 2013 with the aim to not only bring investors to Trinidad and Tobago but to keep these investors here.

According to Mr. Kelvin Mahabir, president of invesTT, “As a platform for face to face discussion, Caribbean businessmen and industry experts have the opportunity to showcase the competitive advantages that their businesses and countries have to offer to the potential investor. It is an avenue for direct engagement of international counterparts and a direct link to new projects and investment profiles.”

CIF 2013 will build on the success of last year’s forum which welcomed more than 500 business persons and over 60 international, local and regional speakers to Trinidad and Tobago in an effort to develop industries with the potential for growth.

The targeted industries which will be the focus of parallel and plenary sessions at CIF 2013 include Maritime, Agribusiness, Tourism, Business Process Outsourcing, ICT, Creative Industries and Energy. The presentations will surround the 2013 theme: “Caribbean Competitiveness- The nexus of Innovation & Entrepreneurship” and will provide real and imminent examples of opportunities for development and growth. Leading the cadre of international speakers will be Ben Cohen, co-founder of Ben & Jerry Homemade Inc. who will present on successful business models.

The launch also served as an opportunity to highlight successful outcomes of CIF 2012, with a presentation by Mr. Jason Lindsay, Managing Director of Full Circle Animation. The animation sub-sector of the Creative Industries has benefited from the CIF model and is poised for further growth with the announcement of an animation incubator project which was recently established. This seeks to develop pilot projects of independent animators and the animation industry within Trinidad and Tobago and will be elaborated further at CIF 2013 during the parallel session on the Film Industry.

Foreign participation and potential investors are expected from the US, CARICOM, Canada, UK, Poland, United Emirates, India, Korea, Ghana, South Africa, and in Latin America-Argentina, Brazil and Venezuela.

Caribbean Investment Forum is the first event in a packed week of business activity in Trinidad and Tobago, and is followed by the Trade and Investment Convention (TIC). CIF 2013 is presented by invesTT, Trinidad and Tobago’s investment promotion agency.

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Pan-American Life Insurance Group Reports Strong Financial Results in 2012

Acquisition Accelerates Growth Strategy

NEW ORLEANS, May 14, 2013 /PRNewswire/ — Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, today announced financial results for the full year ending December 31, 2012.

Revenues grew 19 percent to $560 million, while pre-tax operating earnings were down 27 percent to close the year at $25.6 million as a result of one-time acquisition-related charges of $19 million.  Excluding these charges pre-tax operating income increased by 13 percent.  Revenue gains were primarily attributable to growth in the Latin American markets where PALIG operates and the acquisition of MetLife Algico/Alico assets in the Caribbean, Panama and Costa Rica.   Net income for the year was $46 million compared to $32 million in 2011, reflecting strong operating results in all segments and one-time adjustments such as increased acquisition expenses, investment gains and the impact of M&A activity during the year.

“This was a milestone year for Pan-American Life and we’re beginning 2013 in an excellent financial position,” said Jose S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “This year we’ve been successful in continuing to execute our core strategy by expanding our operations in growth markets, while maintaining conservative financial management and a prudent risk profile.  Our improved revenue and operating earnings reflect our continued focus on execution exemplified by the acquisition of certain MetLife operations in Latin America and the Caribbean, the initial realization of value in markets such as Costa Rica and our continued investment in promising opportunities, such as Mexico and the Private Client Major Medical business.”

In addition to the MetLife acquisition and the opening of Pan-American Life’s Mexico office, the company also launched several new products in 2012, including LifeAccess, a competitive universal life product in Latin America and PanaBridge Advantage in the United States to capitalize on the supplementary health insurance market.

During the last six months of 2012, PALIG closed its acquisition on select businesses and assets from MetLife’s Alico/Algico units in the Caribbean, Panama and Costa Rica, providing the company with additional scale in its life and health segments and expansion into 13 new markets.  Operating results of MetLife businesses acquired by PALIG are included in the company’s 2012 consolidated financial statements.  2013 financial statements will reflect full year impact of these operations.

“The MetLife acquisition advances Pan-American Life Insurance Group’s strategy to become one of the leading life and health insurance providers in the Americas,” added Mr. Suquet. “This purchase enhances PALIG’s financial strength and expands our size and geographic footprint, and makes our high quality services available to customers in the Caribbean.”

“The acquisition adds 36 percent to our asset base, which now stands at more than $3 billion, increases our statutory gross earned premium by 42 percent to more than $685 million, more than doubles the number of countries in which we offer products to 22, and increase the number of insured lives by 54 percent to more than 1 million,” said Mr. Suquet. “The added scale, financial strength, depth of product offerings and added expertise offers PALIG the opportunity to continue to meet our growth objectives and become the preferred provider in all the markets in which we compete.”

PALIG’s financial strength and stability continue to be recognized within the industry. Earlier in 2012, Fitch Ratings and A.M Best reaffirmed Pan-American Life’s ratings with ‘A’ Insurer Financial Strength (IFS) rating and Stable Outlook.

2012 financial and sales highlights follow:

2012 Financial Highlights

  • Total Assets: $3.0 billion
  • Total Equity: $600 million
  • Net Income: $46 million
  • Total Revenues: $560 million

2012 Sales Highlights

  • Overall sales in 2012 increased 15 percent
  • Global Life showed a 9 percent increase
  • International Group increased 28 percent
  • Domestic Markets showed a 7 percent increase

About Pan-American Life

The Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group’s flagship member, has been delivering trusted financial services since 1911, employing more than 1,300 worldwide, providing top-rated life and health insurance, employee benefits and financial services in 47 states, the District of Columbia (DC), Puerto Rico, and the U.S. Virgin Islands. The Group’s member companies offer individual and/or group life and health insurance throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 15 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com.

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