Construction of the first phase of the Park Hyatt St. Kitts will create some 300 jobs in the construction sector and associated activities. Mohammed Asaria said Monday that the project is not so much about Range Development and Park Hyatt.

Baha Mar, the largest single-phase resort development in the Western Hemisphere, has become a powerful driver of the Bahamian economy, and accounted for an estimated 5 percent of the Commonwealth’s annual Gross Domestic Product (GDP) in 2011 and 2012.

Caribbean Community (CARICOM) leaders are being urged to support a loan application by the regional airline, LIAT, for funds to undertake a re-fleeting exercise so as to sustain its operations and improve services. The statement gave no details regarding the costs of the re-fleeting exercise, but LIAT said it was seeking to acquire French-made 48- and 63-seat aircraft.

For many observers and commentators, Iberia’s merger with British Airways hinted at a skeleton in the closet since the process got cracking and bad vibes on cash-strapped Iberia began coming in. For quite a number of experts, the merger looked like an opportunity for British Airways to devour Iberia.