Home' Trinidad and Tobago Guardian : January 22nd 2015 Contents the international hospital was hon-
ored to be considered a top five
"game changer" for the new year.
"We look forward to raising the
bar by consistently providing high
quality, affordable healthcare serv-
ices to local, regional and inter-
national patients in 2015," he said,
promising that new additions to
the leading edge facility will be
announced in the coming months.
In her summary of the
Caribbean s outlook for 2015,
Marchand reported significant
potential to develop and grow busi-
ness in 2015 with the monitoring
of developments and markets being
the "key to success."
Detecting "healthy prospects for
growth and innovation in all sec-
tors," Marchand noted the "con-
struction pipeline is strong," offer-
ing opportunities for the region
"to improve market access."
She asserted: "There are many
gaps in the region, and closing
them can become opportunities
for those investors that really
understand the regional context of
each local economy."
In addition to the Grand Cay-
man-based medical facility, the
exclusive newsletter listed four
other projects: Baha Mar in the
Bahamas, Yida International in
Antigua and Barbuda, the Merian
Mine in Suriname, and the Jamaica
Logistics Hub. Caribbean360.com
BG20 | REGIONAL
BUSINESS GUARDIAN www.guardian.co.tt JANUARY 2015 • WEEK FOUR
Global News Matters,
which produces the
newsletter, has listed
Health City Cayman
Islands as one of the top five Caribbean
investment opportunities to watch in
During the recent live webinar enti-
tled "Caribbean Outlook: Winning in
2015 and Beyond", which presented the
major highlights of regional investment
opportunities, Global News Matters
listed the state-of-the-art Cayman
Islands facility as one of the five "Top
investment projects to follow" in the
Melissa Marchand, managing director
of Global News Matters, said medical
tourism is on the rise in the region but
there is a danger that organisations will
build facilities and then hope and wait
for patients to come: "The sector has
to be carefully planned with Caribbean
countries coordinating to avoid costly
duplication and inefficiencies."
Marchand believes countries should
look at using the solid medical depth
and experience of Health City to identify
complementarities that can benefit
other Caribbean institutions.
Shomari Scott, marketing director
of Health City Cayman Islands, said
The Central Bank of Barbados (CBB) Tuesday said
that the island s economy is poised to achieve growth
of about two per cent this year up from the 0.3 per
cent in 2014.
In an analysis of the Barbados economic performance,
the CBB said that the growth in 2015 will be as a result
of tourism and construction activity and the spin-off
effects to wholesale, retail and business services sectors.
It said that the tourism industry is expected to benefit
from increases of nine per cent and 20 per cent in
airlift from the United States and Canada, respectively
during the winter season.
The CBB is projecting an estimated BDS$300 million
(One Barbados dollar =US$0.50 cents) of construction
activity in 2015, mostly in the private sector.
"Over the medium-term, assuming that new revenue
measures are implemented in fiscal year 2015/16 and
current revenue measures extended, the deficit is pro-
jected to decline to about five per cent of gross domestic
"Overall economic activity is estimated to have
improved by 0.3 per cent in 2014. Construction activity
expanded by an estimated one per cent percent, largely
on account of about BDS$152 million in investment
in tourism related projects."
The CBB said that construction and increased export
demand for quarrying products, contributed to the 21
per cent growth in mining and quarrying. Solar gen-
eration capacity grew by three mega-watt hours to
seven mega- watt hours.
It said that at the end of October 2014, the 12-
month moving average rate of inflation slowed to 1.7
and that the average annual unemployment rate at
the end of September rose to 12.5 per cent, largely
because of job losses from the fiscal consolidation
But the CBB noted that the fiscal consolidation
measures of the past 18 months have stabilised the
foreign reserves, and the foreign reserve movements
in 2014 reverted to the normal pattern observed in
2010, 2011 and 2012.
The CBB said that the stock of reserves was Bds$1.05
billion at the end of December, representing 14.5 weeks
of import cover.
The Central Bank said that tourism value-added is
estimated to have increased by one per cent, reversing
the downward trend witnessed over the last three
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Barbados central bank predicts 2% growth
Health City Cayman Islands rated
top investment opportunity for 2015
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