Caribbean Business Report for 20th April 2020

Good day and many thanks for your interest in this week’s Caribbean Business Report, coming as the e-school term begins – its third term [for ole school folks😁]

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The New COVID-19 reality begins to set in. One more week to go before the Prime Minister is due to make an assessment and decide whether the partial shut down should be eased further.

So all protocols are still in place – some will last much longer – such as social distancing and the wearing of masks – even after we return to some sense of normalcy.

Want to take this moment for a correction – we did mention in last week’s edition that the Republic Bank was donating US$2M to the OECS – it is actually US$200,000.00. Our sincere apologies. Here’s that report in case you missed it.

And this week we must commend Sagicor for once again stepping to assist the OECS and the region as the region continues its battle against COVID-19.

In the meantime, here are this week’s headlines:

  • PM: the country will not automatically reopen on April 26th
  • Schools re-open Monday April 20th – “virtually”
  • A COVID-19 legacy – food and nutrition security in the Caribbean
  • ECCB Governor: economic activity to contract between 5 and 7 percent – [see the full statement in the CBR]
  • Honduras declares food production and agro-industry a national priority
  • Ministry of Commerce: application forms for business operation
  • World Bank: coherent Covid-19 Policy Response Needed
  • Business Model Pitch Competition – Application Now Open
  • OECS receives additional support from Sagicor to combat the spread of COVID-19
  • US$6,000 from Sagicor for the fight against COVID-19
  • Sagicor donates EC$27,000 to St Lucia telethon
  • SLASPA: operations at Sea Ports
  • CDB makes COVID-19 funding available for creative sector
  • Daren Sammy donates to health care workers at St. Jude
  • Civil Status registry open daily

Do have a productive day. Continue to maintain the COVID-19 protocols. The coronavirus is highly contagious — don’t ever let down your guard while in public or at the office or even your home. There’s still a lot of Alcosan available as a hand sanitizer or for wiping down surfaces. Stay safe. 
— 
Bernard Fanis