GEORGETOWN, Guyana, Oct. 29, 2025 /PRNewswire-HISPANIC PR WIRE/ — On the evening of October 24, 2025, GAC held a grand brand launch ceremony in George Town, the capital of the Cayman Islands – a world-renowned financial center and the “Pearl of the Caribbean.” The event attracted over 600 elites from local branches of international financial institutions, as well as the social, industrial and commercial sectors, who gathered together to jointly witness this important moment. The event, themed “Experience The Future Of Driving”, demonstrated GAC’s strategic layout for the international market and its brand confidence.

This launch marks the deepening of GAC’s accelerated globalization process. The Cayman Islands is a British Overseas Territory in the northwestern Caribbean Sea, consisting of three islands: Grand Cayman, Little Cayman, and Cayman Brac, with an area of 264 square kilometers and a population of 76,000. As the world’s fourth-largest offshore financial center after New York, London, and Hong Kong, the Cayman Islands is home to over 700 international banking institutions, including Bank of China, HSBC, CIBC First Caribbean International Bank, RBC Royal Bank, Bank of America, and JPMorgan Chase, more than 800 insurance companies, and nearly 10,000 international hedge fund institutions. Meanwhile, it also hosts major Chinese enterprises such as China Mobile, Sinopec, and PetroChina. In 2024, its per capita GDP reached US$97,700. It is also a well-known Caribbean diving resort that attracts millions of European and American tourists every year. By launching in the Cayman Islands, an international financial hub, GAC’s brand development is expected to strengthen its connection with global capital markets.

With “safety” and “technology” as its core concepts, GAC emphasizes independent technology research and development as well as product quality. This event showcased new products such as EMKOO, EMZOOM, AION V, GS8, GS4 MAX, and EMPOW. This launch is of great significance – it may further enhance the international competitiveness of Chinese auto companies in the high-end market, while injecting innovative vitality into the global automotive industry. GAC stated that it will rely on the financial advantages and international platform of the Cayman Islands to continuously expand emerging markets in the Americas and strive to become a benchmark brand in the global intelligent mobility field.

Photo – https://mma.prnewswire.com/media/2807965/image.jpg

NEW YORK, Aug. 27, 2025 /PRNewswire-HISPANIC PR WIRE/ — As part of the Barbados Payments System Modernization Project, the Central Bank of Barbados (CBB) has selected Montran to design and implement the country’s new Instant Payments System (IPS), a milestone in advancing financial infrastructure, speed, and inclusion for all sectors.

At the signing of the USD$ 40m Port deal for St Kitts & Nevis: L-R (Middle): 1. Hon. Dr. Terrance Drew, PM, St. Kitts & Nevis, Hon Minister Samal Duggins, Minister of Agriculture et. Al, St. Kitts and Nevis, Miss Aisha Maina, Managing Director, Aquarian Consult, Mr. Eric Intong, Acting Group Managing Director, Client Relations, Afreximbank and Prof. Benedict Oramah, President, Afreximbank.

The new port will anchor a 10 square kilometre special economic zone designed for agro-processing, light assembly and bonded warehousing. Feasibility studies begin in August, and financial close is targeted for Q1 2026. The facility is expected to create thousands of jobs and attract an additional USD 300 million in private investment. For Saint Kitts & Nevis, a nation of fewer than 60,000 people, the project positions the federation as a logistics hinge between 19 African and 12 Caribbean Commonwealth members. For exporters in West Africa, it removes a costly European detour and delivers end-to-end digital customs visibility.

One Week, Three Strategic Touchpoints

1. Port Signing In Grenada – July 28th
At the Afreximbank Afri-Caribbean Trade and Investment Forum in Grenada, Maina co-signed a USD 40 million Letter of Interest with Afreximbank and the Government of St Kitts & Nevis. Prime Minister Dr Terrance Drew witnessed the signing, while Honourable Samal Duggins, Minister of Agriculture and Marine Resources, signed for the island nation. The agreement finances a Panamax-capable deep-water port in Basseterre and a ten-square-kilometre special economic zone for agro-processing and light assembly.

“Africa and the Caribbean need assets, not just aspirations. With this port we move from promise to throughput, from talk to tonnage. It is the physical backbone of a trade bridge that has been too long in the making,” Maina said on stage.

Duggins added: “Fresh off the Afri-Caribbean Exchange, I proudly signed a landmark Letter of Interest with Afreximbank. Facility after facility, deal after deal, we are not just talking transformation; we are delivering it. The vision is clear, the progress is real, and the future is now.”

2. Caribbean Investment Forum In Jamaica – July 30th
From Montego Bay’s main stage, Maina confirmed that feasibility and environmental studies for the Basseterre port will begin in August. She outlined a corridor that cuts Lagos-to-Basseterre sailing times to about seven days, eliminating costly European detours.

“If private sector does not take charge of the process, we will remain where we have been. Retreat or defeat are not options,” she told delegates.

3. Trans-Atlantic Symposium In Trinidad – August 3rd
Maina closed the week in Port of Spain, delivering the keynote “Why Caribbean and Africa Trade and Investment and Economic Cooperation Matter” at the Trans-Atlantic Trade and Investment Symposium organised by the Emancipation Support Committee of Trinidad and Tobago. She connected port logistics, economic-zone clustering and new financing tools to broader goals of youth employment, food security and diversified exports.

Project Snapshot

Regional and Global Implications

●     Shorter transit times – Direct sailings remove European detours and lower freight costs.
●     Value-addition hub – The special economic zone lets African raw materials be processed closer to North American markets.
●     Commonwealth relevance – One of the Commonwealth’s smallest states will host a strategic maritime asset linking 19 African and 12 Caribbean members.
●     Private-capital leadership – Gemini Integrated Commodities co-invests with Afreximbank, placing execution risk on balance-sheet owners rather than policy desks.

Background

Momentum began in March with the Afri-Caribbean Investment Summit in Abuja, followed by a June charter of an Air Peace 777 carrying 120 Nigerian entrepreneurs and policymakers to Basseterre. The Grenada signing, Montego Bay confirmation and Trinidad keynote now merge those earlier steps into a single infrastructure roadmap.

About Aquarian Consult

Aquarian Consult is a Nigeria-based advisory and investment firm specialising in trade facilitation, human-capital development and infrastructure. Through Gemini Integrated Commodities, the company designs and executes projects that connect African markets to global value chains, with a focus on Africa-Caribbean integration.

Increasingly, consumers are looking for ways to send money across the globe quickly and securely. In fact, delivery speed, security, receipt confirmation and the ability to use an app are the top factors driving choice of online solutions, according to Mastercard’s latest Borderless Payments Report. To accelerate innovation and respond to consumer needs, Datapro removes the technical barriers to implementation that financial institutions may currently face when adopting new payment solutions.

“We are incredibly excited to collaborate with Mastercard in order to bring new digital payment solutions to customers across the region,” said Ignacio Blanco, CEO of Datapro. “Datapro has a solid track record of success within Latin America and the Caribbean for more than 45 years. This collaboration is a strong testament to Datapro’s ongoing commitment to supporting financial institutions in driving innovation and providing impactful digital solutions to their customers.”

Mastercard Cross-Border Services enables participating financial institutions across the world to offer their customers international payments in more than 60 currencies to over 100 markets covering 90% of the world’s population. As part of the Mastercard Move portfolio, the service offers users flexibility in how funds are received with full transparency and predictability over transaction status and delivery time. End points can include bank accounts, mobile wallets, cards, and cash payout locations.

“As the global economy evolves, people should be able to move money however they want and whenever they want. This requires an enhanced suite of services to ensure funds move quickly, seamlessly, and safely. By connecting Datapro’s platform to Mastercard Cross-Border Services, their customers will have access to seamless cross-border transfers underpinned by the reliability of the Mastercard network”, said Walter Pimenta, Executive Vice President, Commercial Payments and New Flows, Latin America and the Caribbean.

The collaboration will be effective across Latin America and the Caribbean, where Datapro will expedite the integration process for financial institutions with Mastercard’s Cross-Border Services. The collaboration features advanced data integration, business rule management, and API orchestration for financial institutions. This approach provides an agile and streamlined implementation, removing the common hurdles of technical integration and lengthy onboarding processes.

About Datapro Inc.
Datapro is a leader in core banking and digital banking technology, with more than 100 customers in over 20 countries. Our vision is to be recognized as the architects of the banking evolution towards a digital world. We have been helping financial institutions across Latin America, the Caribbean, the US and the EU for the past 45 years to modernize their infrastructure and to deliver innovative digital solutions to their customers. In 2021, Datapro was acquired by Vencora, which is part of Constellation Software Inc. (CSU – TSE).

About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. © 2024 Mastercard. Cross-Border Services (part of the money movement portfolio known as Mastercard Move) may be provided by Mastercard Transaction Services Corp. through its subsidiaries and affiliates. In some jurisdictions services may be provided by subsidiaries or affiliates that hold licenses to engage in money transmission. For a list of those jurisdictions, see b2b.mastercard.com/licenses. Terms and conditions apply.

Services are subject to availability and certain restrictions, and Mastercard reserves the right to change, from time to time, in Mastercard’s sole discretion, the design, operation and functionalities of, and services comprising, the Cross-Border Services. Alternate designs, operations and functionalities of, and services comprising, Cross-Border Services may be available, from time to time, to participants on separate terms outside of what is represented here. The availability, operations and functionalities of, and services comprising, Cross-Border Services may vary by location.

Mastercard makes no representations as to any aspect of the service provided by third parties.​

Mastercard Cross-Border Services is a suite of products offered in the US by Mastercard Transaction Services (US) LLC u/a/n New York Bay Remittance, NMLS ID# 900705, licensed as a Money Transmitter by the New York State Department of Financial Services, or through its licensed subsidiaries.

About Mastercard Move
Mastercard Move provides banks, non-bank financial institutions, direct disbursers, and their customers with a fast, secure money transfer solution, domestically and internationally. The portfolio reaches more than 180 countries and 150+ currencies, with access to over 95% of the world’s banked population.

Mastercard Move enables customers to enhance their money transfer offerings and maximize revenue by giving end users transparency and choice: specifically, by enabling trackable payments, visibility of fees, estimated delivery times and, depending on the market, the option to receive payouts to bank accounts, digital and mobile wallets, card and cash.

The portfolio includes Mastercard Cross-Border Services and Mastercard Send.

Copyright © 2024

Datapro y Mastercard se unen para ampliar las oportunidades de pagos transfronterizos en América Latina

CARIBPR WIRE, MIAMI, FL, Weds. July 10, 2024: Datapro, proveedor líder de sistemas bancarios centrales y soluciones digitales, colaboró ​​recientemente con Mastercard para ampliar la integración de Mastercard Cross-Border Services, una solución dentro del portafolio de soluciones de transferencia de dinero de Mastercard Move. La colaboración permitirá a los clientes de Datapro en toda América Latina y el Caribe acceder a experiencias de pago transfronterizas y nacionales rápidas, transparentes y convenientes.

Cada vez más, los consumidores buscan formas de enviar dinero a través del mundo de manera rápida y segura. De hecho, la velocidad de entrega, la seguridad, la confirmación de recibo y la posibilidad de utilizar una aplicación son los principales factores que impulsan la elección de soluciones en línea, según el último Informe de Pagos sin Fronteras de Mastercard. Para acelerar la innovación y responder a las necesidades de los consumidores, Datapro elimina las barreras técnicas de implementación a las que las instituciones financieras pueden enfrentarse actualmente al adoptar nuevas soluciones de pago.

“Estamos increíblemente entusiasmados de colaborar con Mastercard con el fin de llevar nuevas soluciones de pago digital a los clientes de toda la región”, mencionó Ignacio Blanco, CEO de Datapro. “Datapro tiene una sólida trayectoria de éxito en América Latina y el Caribe desde hace más de 45 años. Esta colaboración es un fuerte testimonio del compromiso continuo de Datapro de apoyar a las instituciones financieras para impulsar la innovación y ofrecer soluciones digitales impactantes a sus clientes”.

Con los Mastercard Cross-Border Services las instituciones financieras participantes en todo el mundo pueden ofrecer a sus clientes pagos internacionales en más de 60 divisas y más de 100 países que cubren el 90% de la población mundial. Como parte del portafolio de Mastercard Move, el servicio ofrece a los usuarios flexibilidad en cómo se reciben los fondos, con total transparencia y previsibilidad sobre el estado de la transacción y el tiempo de entrega. Los puntos finales pueden incluir cuentas bancarias, cuentas bancarias, billeteras digitales, tarjetas y efectivo.

“A medida que evoluciona la economía mundial, la gente debe poder mover dinero como quiera y cuando quiera. Esto requiere un conjunto de servicios mejorados para garantizar que los fondos se muevan de forma rápida, fluida y segura. Al conectar la plataforma de Datapro a Mastercard Cross-Border Services, sus clientes tendrán acceso a transferencias transfronterizas sin interrupciones respaldadas por la confiabilidad de la red Mastercard”, comentó Walter Pimenta, vicepresidente ejecutivo de Pagos Comerciales y Nuevos Flujos para América Latina y el Caribe.

La colaboración será efectiva en toda América Latina y el Caribe, donde Datapro agilizará el proceso de integración de las instituciones financieras con los servicios de Mastercard Cross-Border Services. La colaboración incluye integración avanzada de datos, gestión de reglas de negocio y orquestación de API para instituciones financieras. Este enfoque proporciona una implementación ágil y simplificada, eliminando los obstáculos comunes de la integración técnica y los largos procesos de incorporación.

Copyright © 2024

Persaud, the founder of CaribPR Wire, Invest Caribbean, News Americas and Hard Beat Communications, is one of only four Guyanese nominated for this year’s awards and the only one in the category of Entrepreneurship and Business Excellence.

The Inaugural Caribbean Posh Icon Awards, founded by Caribbean Posh Magazine, is a new yet significant part of the Caribbean Posh Weekend Event and is designed to celebrate and empower Caribbean women.

“Our aim is to build a space that amplifies the way Caribbean women are celebrated and recognized for their achievements,” commented founder Janette Brin.

“It’s truly an honor to be among the many amazing Caribbean women who have made the list of top nominees for the inaugural, Caribbean POSH ICON WOMAN Awards, set for Caribbean American Heritage Month in the U.S. Virgin Islands as part of the Caribbean Posh Weekend,” said Persaud. “Being recognized by your own community and especially fellow Caribbean women entrepreneurs as amazing as Janette, makes it incredibly more special.

To vote for Persaud Click HERE and scroll down to the Entrepreneurship and Business Excellence section.

Persaud is also an award-winning Caribbean immigrant journalist, news editor, columnist and advocate, renowned for her impactful contributions across multiple industries. A staunch advocate for the Caribbean Diaspora, she spearheaded the Carib ID movement in 2008, leading the charge of ensure Caribbean nationals were able to count in the US Census. Her relentless advocacy over 12 years resulted in Caribbean nationals and immigrants being able to register their ancestry on the 2020 census forms. She continues her passionate advocacy for immigration reform, contributing a weekly column to the historic Amsterdam News.

Her expertise on the Caribbean has led to esteemed recognition through interviews on major media platforms such as AP, CNN, BBC, and The New York Times, alongside a listing in the US State Department Speakers Database as an expert on the Caribbean.

The Caribbean Posh Weekend is one of the most empowering event for Caribbean and Caribbean American women that has been held since 2017 in St. Thomas, United States Virgin Islands. This year’s weekend is set for June 28-30, 2024. This highly anticipated event will bring together women in business from across the region to foster sisterhood, collaboration, and celebration. The Caribbean Posh Icon Woman Awards will also honour the esteemed Dr. Yvette Noel-Schure of Schure Media Group, as the inaugural award recipient of the Pioneering ICON.

In addition to the Icon Woman Awards, Caribbean Posh Weekend features many other exciting highlights. The event offers vendor and partnership opportunities, allowing businesses and organizations to showcase their products and services to a diverse audience. This is a chance for entrepreneurs to connect with potential customers and collaborators, expanding their reach within the Caribbean community. See more at caribbeanposh.com/wkd.

EDITOR’S NOTE: An image for use with this story is available HERE

WEB Aruba’s Recip Phase IV Plant

WEB Aruba’s Recip Phase IV Plant

CARIBPR WIRE, ORANJESTAD, Aruba, Fri. May 17, 2024: Technology group Wärtsilä and Water – En Energiebedrijf Aruba N.V. (WEB) will celebrate the final takeover of Recip Phase IV, a 102 MW dual-fuel power plant on the Caribbean island of Aruba. The celebration marks the completion of four power plant projects with Wärtsilä delivered over the past 20 years. Wärtsilä supplied these plants on an Engineering, Procurement and Construction (EPC) basis. WEB’s baseload power production is based on an all-Wärtsilä generating fleet totalling 194 MW.

In 2017, WEB began an earnest effort to diversify its fuel mix with liquefied natural gas (LNG). The Recip Phase IV power plant features six Wärtsilä 18V50DF dual-fuel engines which can operate on both liquid and gaseous fuels, allowing for the transition to cleaner fuels. Initially, the plant will operate on heavy fuel oil (HFO) and transition to LNG as it becomes available on the island. The increased efficiency and transition to LNG will reduce overall emissions from the WEB generating complex.

As WEB continues to add renewables to the island, the flexibility provided by Wärtsilä’s faststarting and stopping engines will enable optimal use of these intermittent resources while ensuring system stability. Renewables, such as wind and solar, are highly variable in their energy production. The flexibility provided by Wärtsilä engine technology will allow for increased adoption of renewables while avoiding grid instability and blackouts, renewable curtailment, and higher system costs.

WEB Aruba has selected the most efficient assets to complement renewables as WEB works to build a reliable, renewable energy future for Aruba. Wärtsilä’s engine power plants have replaced older units with more efficient and flexible generation. The fuel flexibility provided by dual-fuel engines adds resiliency to the company’s system while also allowing for the transition to cleaner fuels and lower emissions.

“We are excited to partner with utilities like WEB who are actively making the energy transition happen. As the Caribbean region works to decarbonise electricity generation, it is crucial to increase system flexibility to manage cost, maintain reliability and optimally enable renewables to perform,” said Jon Rodriguez, Director, Engine Power Plants, North America at Wärtsilä Energy.

The final takeover signing ceremony will take place at the WEB Aruba on 17 May, 2024.

© Wärtsilä Corporation

All Wärtsilä releases are available at www.wartsila.com/media/news-releases and at news.cision.com/wartsila-corporation where also the images can be downloaded. Use of the image(s) is allowed only in connection with the contents of this press release. Wärtsilä images are available at www.wartsila.com/media/image-bank.

Wärtsilä Energy in brief

Wärtsilä Energy is at the forefront of the transition towards a 100% renewable energy future. We help our customers and the power sector to accelerate their decarbonisation journeys through our market-leading technologies and power system expertise. Our solutions include flexible engine power plants, energy storage and optimisation technology, and services for the whole lifecycle of our installations. Our engines are future-proof and can run on sustainable fuels. Our track record comprises 79 GW of power plant capacity, of which 18 GW are under service agreements, and over 125 energy storage systems, in 180 countries around the world.

www.wartsila.com/energy

Wärtsilä in brief

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.

www.wartsila.com

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Aruba Utility celebra adquisición final de cuarta central eléctrica Wärtsilä en 20 años de asociación

Central Recip Fase IV de WEB Aruba

Central Recip Fase IV de WEB Aruba

CARIBPR WIRE, ORANJESTAD, Aruba, May 18, 2024: El grupo de tecnología Wärtsilä and Water – En Energiebedrijf Aruba N.V. (WEB) celebrará la adquisición final de Recip Fase IV, una central eléctrica de biocombustible de 102 MW en la isla caribeña de Aruba. La celebración marca la conclusión de cuatro proyectos de centrales eléctricas con Wärtsilä entregados en los últimos 20 años. Wärtsilä suministró estas centrales sobre una base de ingeniería, adquisición y construcción (EPC). La producción de energía de carga base de WEB se basa en una flota generadora totalmente Wärtsilä totalizando 194 MW.

En 2017, WEB inició un serio esfuerzo para diversificar su mezcla de combustibles con gas natural licuado (GNL). La central eléctrica Recip Fase IV presenta seis motores de biocombustible Wärtsilä 18V50DF que pueden operar con combustibles líquidos y gaseosos, lo que permite la transición a combustibles más limpios. Inicialmente, la central operará con fuelóleo pesado (HFO) y hará la transición a GNL a medida que esté disponible en la isla. El aumento de la eficacia y la transición al GNL reducirán las emisiones generales del complejo generador de WEB.

Mientras WEB continúa la adición de energías renovables a la isla, la flexibilidad proporcionada por los motores de rápido arranque y parada de Wärtsilä permitirá la utilización de estos recursos intermitentes al mismo tiempo que asegura estabilidad del sistema. Las energías renovables, como eólica y solar, son altamente variables en su producción de energía. La flexibilidad proporcionada por la tecnología del motor Wärtsilä permitirá mayor adopción de energías renovables mientras que evita inestabilidad y apagones de red, reducción de energías renovables y mayores costos del sistema.

WEB Aruba ha seleccionado los activos más eficaces para complementar las energías renovables mientras que WEB trabaja para construir un futuro de energía renovable confiable para Aruba. Las centrales eléctricas de motores de Wärtsilä han reemplazado las unidades más antiguas por una generación más eficaz y flexible. La flexibilidad de combustible proporcionada por los motores de biocombustible agrega resistencia al sistema de la empresa al tiempo que permite la transición a combustibles más limpios y menores emisiones.

“Estamos muy contentos de asociarnos con empresas de servicios públicos como WEB que hacen que la transición energética ocurra de manera activa. Mientras la región del Caribe trabaja para descarbonizar la generación de electricidad, es crucial aumentar la flexibilidad del sistema para administrar los costos, mantener la confiabilidad y permitir que las energías renovables funcionen de manera óptima”, dijo Jon Rodríguez, director de centrales eléctricas de motores, América del Norte en Wärtsilä Energy.

La ceremonia final de firma de adquisición tendrá lugar en WEB Aruba el 17 de mayo de 2024.

© Wärtsilä Corporation

Todos los comunicados de prensa de Wärtsilä están disponibles en, www.wartsila.com/media/news-releases y en news.cision.com/wartsila-corporation, donde también se pueden descargar las imágenes. El uso de la (s) imagen(es) solo está permitido en conexión con el contenido de este comunicado de prensa. Las imágenes de Wärtsilä están disponibles en www.wartsila.com/media/image-bank.

Wärtsilä Energy en resumen

Wärtsilä Energy lidera la transición hacia un futuro energético cien por ciento renovable. Ayudamos a nuestros clientes y al sector de energía a acelerar sus procesos de descarbonización a través de nuestras tecnologías líderes en el mercado y experiencia en sistemas de energía. Nuestras soluciones incluyen centrales eléctricas de motores flexibles, tecnología de almacenamiento y optimización de energía y servicios para todo el ciclo de vida de nuestras instalaciones. Nuestros motores están preparados para el futuro y pueden funcionar con combustibles sostenibles. Nuestra trayectoria incluye 79 GW de capacidad de central eléctrica, de los cuales 18 GW están bajo acuerdos de servicio y más de 125 sistemas de almacenamiento de energía distribuidos a 180 países en todo el mundo.

www.wartsila.com/energy

Wärtsilä en resumen

Wärtsilä es un líder mundial en tecnologías innovadoras y soluciones de ciclo de vida para los mercados marino y energético. Enfatizamos la innovación en tecnología y servicios sostenibles para ayudar a nuestros clientes a mejorar continuamente el rendimiento ecológico y económico. Nuestro equipo dedicado y apasionado de 17.800 profesionales en más de 280 ubicaciones en 79 países da forma a la transformación de la descarbonización de nuestras industrias en todo el mundo. En 2023, las ventas netas de Wärtsilä alcanzaron un total de 6.0 mil millones de euros. Wärtsilä cotiza en el Nasdaq Helsinki.

www.wartsila.com

Una foto asociada con este comunicado de prensa está disponible en https://www.globenewswire.com/NewsRoom/AttachmentNg/d064225e-1fa8-4ab6-8c4f-4f074209da20/es

CORE GROUP RESOURCES EXPANDS FOOTPRINT WITH NEW OPERATION IN TRINIDAD AND TOBAGO

HOUSTON, May 15, 2024 /PRNewswire-HISPANIC PR WIRE/ — Core Group Resources, a leader in providing personnel to multiple industries by identifying, hiring, and growing the right talent, is pleased to announce the opening of Core Trinidad, Ltd. This strategic expansion is designed to better serve Core Group clients in the region, with a focus on serving energy, maritime, construction and related industries. The company will focus on maximizing Trinidadian content, meaning wherever possible, personnel will be local nationals supporting Trinidadian companies, contributing to a positive economic impact in Trinidad and Tobago.

“We are excited to bring our decades of local experience and hiring expertise together with our network of skilled local professionals to meet the growing needs of our customers in the region,” said Matt Fuhrman, CEO of Core Group. “Establishing local operations will not only support the Trinidadian economy but also ensure the best possible service to our clients, under the experienced direction of Dan O’Connor, and create lasting career opportunities for our candidates.”

Dan O’Connor, Vice President of Core Group Caribbean, will manage the new operation in Trinidad. O’Connor has more than 20 years’ experience in corporate operations management and has established several companies in Trinidad since 2004, bringing deep relationships and expertise to Core Group’s venture.

As part of its global expansion strategy, Core Group is bringing its proprietary placement systems, software and processes to work closely with major E&P companies, independents, service contractors and locally owned businesses in the region to provide quality personnel in technical and non-technical, high-demand roles.

In line with the company’s commitment to safety and operational excellence, Core Trinidad, Ltd., will be STOW-TT Certified (Safe TO Work in Trinidad and Tobago) for high-risk environments. For candidates and customers interested in learning more about Core Trinidad’s services, please visit https://www.coregroupresources.com/core-trinidad.

About Core Group Resources:
Core Group Resources is a dynamic company specializing in the provision of personnel via executive search, recruiting, staffing, consulting, and contracting. Dedicated to connecting passionate professionals with leading organizations, they excel in various sectors, including maritime, healthcare, technology, renewable energy and more. Their commitment to excellence and tailored services makes Core Group a trusted partner in achieving business success. For additional information, please visit www.coregroupresources.com.

About Core Trinidad, Ltd.
Core Trinidad, Ltd. was established in 2024 as a subsidiary of Core Group Resources, leveraging the parent company’s depth of expertise and ability to provide quality personnel via executive search, recruiting, staffing, consulting, and contracting. Core’s local operation serves major E&P companies, independents, service contractors and locally owned businesses in Trinidad and Tobago. For additional information, please visit: www.coregroupresources.com/core-trinidad.

Logo – https://mma.prnewswire.com/media/2413136/Core_Group_Resources_Logo.jpg

VMTS facilitates money transfer services globally to customers sending money to Jamaica from Europe, the UK, United States, Canada, the Cayman Islands and Turks and Caicos. With this new agreement, VMTS now gains access to TerraPay’s robust online platform, enabling hassle-free cross-border transfers for customers sending and receiving money across approximately 31 markets globally.

CEO of VM Money Transfer Services Limited, Michael Howard, welcomes the boost that this partnership will bring to the agency’s operations. He shared, “Purposeful partnership is an integral part of VM Money Transfer’s mission as we seek to continuously improve service delivery to our clients. We are excited about this recent collaboration as, with TerraPay’s extensive network, we have the opportunity to significantly broaden our reach and potentially tap into new markets, all while keeping our clients supported and empowered with convenient and secure channels for their money transfer needs.”

The agreement was signed between the two entities in March 2024, and Juan Luis Hernandez, TerraPay’s Senior Regional Manager for Latin America and the Caribbean, who visited Jamaica for the occasion, shares the enthusiasm. Hernandez commented, “We are delighted to partner with VM Money Transfer Services to drive innovation and efficiency in cross-border remittances. Together, we aim to provide a superior remittance experience for Jamaicans worldwide, strengthening connections with their loved ones and contributing to the economic development of Jamaica.”

Along with the expanded service through TerraPay, VMTS customers can continue to enjoy the flexibility and convenience of having their funds deposited directly to their Jamaican bank account through VMTS’ Direct to Bank Service. Clients can also collect their remittances in Jamaica from VM Money Transfer’s over 70 sub-agents, 8 VM Money Express locations and 16 VM Building Society branches Islandwide.

For queries, please reach out to Juveria Samrin at juveria.n@terrapay.com

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This is according to the recently elected Prime Minister of the twin-island federation who concluded a four-day visit to Dubai, from 29 November to 3 December 2022.

Prime Minister Terrance Drew was in the state to engage with important stakeholders including high-level government officials, international investors, government-approved agents and promoters, who play a vital role in promoting and supporting the country’s recently upgraded citizenship by investment programme.

With the country’s citizenship by investment programme undergoing a facelift, Prime Minister Drew said the changes to the programme were not just superficial but would ensure that the programme achieved what it was designed for – strengthening St Kitts and Nevis’ economy.

Traditionally, the economy of the two-island state has depended on the growing and processing of sugar cane, but the impact of decreasing world prices on this commodity over the last few decades has moved the government’s attention to tourism, export-oriented manufacturing, and offshore banking.

Tourism is the mainstay of St Kitts and Nevis’ economy, with the United States, Canada and Trinidad and Tobago being some of its trop trade partners. The travel and tourism sector accounted for one-tenth of the gross domestic product (GPD) in St Kitts and Nevis in 2021 and it is estimated that roughly 200,000 tourists visited the islands in 2009.

With a revamped citizenship by investment programme that will be underpinned by better legislative and administrative oversight, Prime Minister Drew said he was confident that the programme would have even more impact on the country’s tourism sector.

The new cabinet aims to ensure that the destination continues to make strides towards the full resumption of tourism activity, including the return of airlift and cruise ship arrivals, with the ultimate goal of improving the quality of life of the people of the Federation.

St Kitts and Nevis is committed to enhancing its tourism presence and strengthening the economic impact of the tourism sector.

Recently during November this year, Wonder of the Seas, the world’s largest cruise ship, made its inaugural call to Port Zante in St Kitts and Nevis.  The ship from the Royal Caribbean Group brought along nearly 6,500 guests and over 2,000 crew members.  This cruise call has also been the fifth inaugural cruise call to St Kitts and Nevis since October 2022.

This year, on November 26, a superyacht named Evrima made its inaugural visit to the island sporting the finest amenities and affluent guests. Evrima accommodates 298 guests and is the first of the yachts to be introduced for the new Ritz-Carlton Yacht Collection line. This event maintained St Kitts and Nevis’ reputation as an exclusive destination.

According to the CIA World Factbook, tourists, mainly Americans, come to the island via cruise ships via Port Zante in Basseterre, air travel via Robert L Bradshaw International Airport, and the private airport and private dock for private yachts. St Kitts and Nevis is also home to Brimstone Hill Fortress, a UNESCO world heritage site.

The country’s citizenship by investment programme has been instrumental in bringing globally renowned brands such as the Park Hyatt Hotel that has recently been launched in Christophe Harbour in Banana Bay. The country will be looking to use its revamped citizenship by investment programme to develop its hospitality sector further which is a major drawcard not just for tourists, but investors looking for legitimate offshore real estate products to buy into.

Part of the change process has seen consultations with various stakeholders in the St Kitts and Nevis CBI unit who will closely now monitor and ensure that real estate projects funded by the CBI programme are completed.  To this end, the government is also seeking out reliable and trustworthy developers who are ready to put capital behind creative and strong projects that will further enhance St Kitts and Nevis citizenship by investment offering.

St Kitts and Nevis citizenship by investment programme stands as the oldest and one of the most trusted programmes of its kind. Since 1984, it has allowed investors and their families to legally obtain citizenship of one of the Caribbean’s most idyllic locations.

St Kitts and Nevis’ citizenship by investment programme has been pivotal in developing other important sectors such as healthcare, business, and education in the nation. With the help of the tourism industry and the citizenship by investment programme, the country has witnessed socio-economic development at a significant pace. Funds generated by the citizenship by investment programme will continue to aid the country in paving the path of development efficiently. Spending on infrastructure has made the country unrecognisable from only 20 years ago – for example there is a thriving cruise ship port complex, and new roads have been built to take pressure off traffic in Basseterre.

Prime Minister Drew was accompanied by a delegation including Marsha Henderson, Minister of Tourism, Attorney-General, Garth Wilkin; Cabinet Secretary Dr Marcus Natta; Sylvester Anthony and Veira Galloway.