April 25, 2021
Disclaimer: The views and opinions expressed by this author are their own and do not represent the official position of the Barbados Today Inc.
by Dr. Basil Springer
“For I know the plans I have for you, declares the Lord, plans for welfare and not for evil, to give you a future and a hope.” – Jeremiah 29:11
The future of the CARICOM economy will be addressed in two successive columns.
1 gives a historical synopsis of the CARICOM environment, strategic economic comparisons between CARICOM and other selected jurisdictions with stronger economic performance, followed by examples of CARICOM’s economic development challenges and possible solutions.
The BVI Beacon
COMMENTARY â Regional tourism recovery predicted
Recently published visitor arrival figures indicate that Caribbean tourism has started down the long road to recovery. Following a disastrous 2020 during which governments closed borders to try to halt …
Recently published visitor arrival figures indicate that Caribbean tourism has started down the long road to recovery. Following a disastrous 2020 during which governments closed borders to try to halt the spread of Covid-19 and months when the sector all but ceased operations, visitor numbers are now slowly increasing.
According to Tourism Analytics, the Aruba-based consultancy which publishes tourism arrival figures on a rolling basis, stopover visitors to the island Caribbean excluding Haiti declined by 66.1 percent from 23 million in 2019 to 7.8 million last year. When it comes to this year, however, its website indicates that a gradual turnaround is now under way. When available stop-over figures for the
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PriceSmart Announces March Net Merchandise Sales
Net Merchandise Sales Increased 0.5% with Negative 1.5% FX Impact
Comparable Net Merchandise Sales Decreased 5.9% with Negative 1.4% FX Impact
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SAN DIEGO, April 9, 2021 /PRNewswire/ PriceSmart, Inc. (NASDAQ: PSMT) today announced that despite the COVID-driven surge in buying in March 2020, our net merchandise sales increased 0.5% to $307.6 million from $306.1 million in March a year earlier. Foreign currency exchange fluctuations impacted net merchandise sales negatively by 1.5%, or $4.4 million, versus the same one-month period in the prior year. There were 47 warehouse clubs in operation at the end of March 2021 and 45 warehouse clubs in operation at the end of March 2020.
PriceSmart Announces Fiscal 2021 Second Quarter Operating Results
NET MERCHANDISE SALES GREW 3.1%
OPERATING INCOME INCREASED BY 15.9%
DILUTED EARNINGS PER SHARE INCREASED BY 8.2%
COMPARABLE NET MERCHANDISE SALES GREW 1.1%
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SAN DIEGO, April 8, 2021 /PRNewswire/ PriceSmart, Inc. (NASDAQ: PSMT), operator of 47 warehouse clubs in 12 countries and one U.S. territory, today announced its results of operations for the fiscal second quarter of 2021 which ended on February 28, 2021.
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Sherry S. Bahrambeygui, Chief Executive Officer: PriceSmart achieved solid results for the second quarter of fiscal year 2021, with continued focus on strengthening our Company as a trusted part of our members lives. The quarter started with the grand opening of our new Usaquén Club, our third club in the greater metropolitan area of Bogotá which is located in the heart of a densely populated area. We believe that the Usaquén Cl