GEORGETOWN, Guyana – Eco (Atlantic) Oil and Gas Limited Monday said that the Jabilo-1 well, in the Canje Block, drilled by the US-oil giant, ExxonMobil,  is dry and will be plugged and abandoned.

BRIDGETOWN, Barbados – The Barbados government says it will be taking over the BDS$80 million (One BDS dollar=US$0.50 cents) of debt of the operators of the state-owned Hilton Barbados Hotel, even as the opposition the government’s ability to meet its debt obligations in the foreseeable future given “the persistent absence of any significant platform of growth being constructed”

PORT OF SPAIN, Trinidad –The Trinidad and Tobago government Monday said that the coronavirus (COVID-19) pandemic has had an impact on both oil and gas production here.

ST. JOHN’S, Antigua – Antigua and Barbuda is to table a proposal Friday urging regional governments to support an initiative to reduce significantly reduce the taxes for air travel in a bid to encourage intra-regional travel as the threat from the coronavirus (COVID-19) pandemic declines.

PORT OF SPAIN, Trinidad – Finance Minister Colm Imbert says the state-owned Caribbean Airlines (CAL), which earlier this week announced that it would be retrenching up to 450 employees, would need at least TT$110 million (One TT dollar=US$0.16 cents) to meet severance payments.

• American Express will provide a $40 million investment to Accion Opportunity Fund, representing the nonprofit’s largest investment to date. • Loans from Accion Opportunity Fund* offer much needed capital to historically underfunded small business owners, including people of color, women and immigrants.

PORT OF SPAIN, Trinidad – The chief executive officer of the cash-strapped state-owned airline, Garvin Medera, Monday said that new measures being implemented by Caribbean Airlines (CAL) to reverse its decline in revenue and job losses will not affect the quality of service, safety and customer care.

KINGSTON, Jamaica – International Monetary Fund (IMF) Caribbean member countries could benefit from as much as US$2.4 billion in additional liquidity support, under the entity’s newly proposed US$650-billion Special Drawing Rights (SDR) allocation.

West Palm Beach, Florida – Alicia M. Williams, founder and president of Training Source One has earned one of the training industry’s highest distinctions; an Accredited Provider as a nationally certified Training Professional under the International Association of Education and Training (IACET).

KINGSTON, Jamaica – The Jamaica government says it is moving ahead with plans to implement the national five-year Global Digital Services Strategy, aimed at increasing the sector’s employment to 70,000 jobs by 2025.

CASTRIES, St. Lucia –The Director General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala has acknowledged that the coronavirus (COVID-19) pandemic will have a great impact on the economies of the Organization of Eastern Caribbean States (OECS).

ROSEAU, Dominica –Prime Minister Roosevelt Skerrit is predicting that an international airport will become a reality for Dominica by 2025 as he inked an agreement with the Canadian-based Montreal Management Consultants Establishment Limited (MMCE) on Wednesday night.