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Caribbean news: Coral reefs, hurricane troops + more

PICTURED: Coral reef

CONCERNS OVER SCOTIABANK SALE

The Bank of Nova Scotia has announced the sale of its operations in nine Caribbean countries to Trinidad & Tobago’s Republic Financial Holdings Limited. The US$123m acquisition of the Canadian bank’s Caribbean interests follows large pro t gains in its Latin American portfolio.

Some Caribbean countries have expressed concerns over the deal, which will be subject to regulatory approval.

BRITISH HURRICANE TROOPS AWARDED

British military personnel have been recognised for their efforts in the Caribbean following Hurricanes Irma and Maria in 2017. Troops were decorated with the Queen’s Commendation for Valuable Service in the latest round of operational military honours, announced by the Ministry of Defence.

GUYANA AND GHANA PLANNING AIR LINKS

Guyana and Ghana have signed a bilateral air services agreement aimed at seeking direct flights between the two countries. The open skies agreement was signed following a discussion held in Guyana on the topic of “Promoting Air Links between African States and the Diaspora”.

RESTORATION WORK ON CORAL REEFS

A new coral restoration capacity project has been launched by the Caribbean Hotel and Tourism Association (CHTA), a non-profit group called Tourism Cares and the Dominican Republic’s Grupo Puntacana Foundation. Project training will include work on coral restoration efforts. CHTA chief executive Frank Comito said: “Coral gardening is both an ecological imperative as well as a significant economic driver for our region.”

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