Haitian Money

One Tragedy of Foreign Investment in Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - The Haitian government's struggling telecommunications company, TeleCo, was purchased by Vietnamese telecom, Viettel, in late 2010. It was a much needed foreign investment but lacking sufficient government regulation, the investment was tragic to hundreds of state employees.

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American Airlines Files for Bankruptcy, Expects to Continue Operations

FORT WORTH, USA (defend.ht) - NYSE:AMR, the parent company of American Airlines filed for bankruptcy on Tuesday and pledged to emerge as a stronger carrier in a move that could prompt another bout of industry consolidation and present a stern test for regulators.

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First Stone of $78M[US] Northern Haiti Industrial Park Laid

CARACOL, Haiti (defend.ht) - On Monday, the Haitian government, Inter-American Development Bank (IDB) and Korean apparel manufacturer, the SAE-A Company, laid the first stone of a year long project to construct an industrial park in the northern city of Caracol in Haiti.

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173-room Marriot Hotel coming to Port-au-Prince, Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - Unigestion Holding, a subsidiary of Digicel Group has inked out a deal with Mariott Hotels & Resorts to bring a 173-room hotel, at the cost of $45 million [US], to Port-au-Prince by the summer of 2014.

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Foreign Contractors Arrive in Haiti, Monday for Investment Forum

PORT-AU-PRINCE, Haiti (defend.ht) - A large delegation composed of foreign entrepreneurs and contractors, headed by former U.S. President Bill Clinton, and President of the Inter-American Development Bank (IDB), Luis Alberto Moreno arrived in Haiti on Monday to participate in a conference of investment in Haiti.

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Two-Day Forum for Investing in Haiti, November 29-30

PORT-AU-PRINCE, Haiti (defend.ht) - The Haitian government is hoping to bring together hundreds of Haitian and foreign business people to a conference on investing in Haiti.

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European Investors are Exploring the Haitian Market

PORT-AU-PRINCE, Haiti (defend.ht) - A delegation of investors from the Flemish region of Belgium and the Netherlands are currently visiting Haiti and have found interest in the Haitian market.

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$4,600,000.00 [US] to Rehabilitate Haiti's International Airport

PORT-AU-PRINCE, Haiti (defend.ht) - President Martelly went last Monday to the Toussaint Louverture International Airport to see the progress of the reconstruction of departure and arrival halls, damaged in the January 12, 2010 earthquake.

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Haitian Group Acquires Chevron Assets in Jamaica, D.R. and St Maarten

PORT-AU-PRINCE, Haiti (defend.ht) - The Haitian Gilbert Bigio (GB) Group has acquired Chevron Caribbean Corporations energy distribution and sales assets in Jamaica, Dominican Republic and St Maarten, including the Texaco gas brand.

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Northern Haiti Industrial Park Official Opening March 2012

CARACOL, Haiti (defend.ht) - The Northern Industrial Park will officially open in March 2012 and will offer opportunities for growth and industrial competitiveness in Haiti, DH has learned.

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Microloan Pioneer Says 'Social Business' to Rebuild Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - Economist Muhammad Yunus presented a concept called "social business" in a meeting with President Michel Martelly as a means for building Haiti's economy.

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Directorate of Taxes Reports 12.5% Surplus in State Revenue

PORT-AU-PRINCE, Haiti (defend.ht) - The Directorate General of Taxes (DGI) was pleased to report a 12.5% surplus in state revenue for taxes collected in the fiscal year 2010-2011. "The institution is committed to improving its services during the 2011-2012 fiscal year," said DGI Director, Robert Joseph.

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Supermom Youri Mevs on Balancing Work and Life

MIAMI, USA (defend.ht) - In an article, "Supermoms share how they do it all" by the Miami Herald, Haitian-American mother of four (4) and businesswoman, Youri Mevs, was featured to discuss her work-life balancing act.

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Actress Maria Bello Attends Presidential Investment Board Inaugural Meeting

NEW YORK, USA (defend.ht) - Actress Maria Bello will join the inaugural meeting of the Presidential Investment Advisory Board (PIAB), tasked to attract and coordinate investment and development in Haiti, on Wednesday in New York.

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President's Council on Investments Meeting in New York

NEW YORK, USA (defend.ht) - The inaugural assembly of the Presidential Advisory Council on Economic Growth and Investment will convene in its inaugural assembly on Thursday in the attendance of Michel Martelly, President of Haiti, Council Co-Chairman Laurent Lamothe, Wyclef Jean and mayor of New York City, Michael Bloomberg.

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Attracting Direct Foreign Investment to Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - "The mission of the Presidential Advisory Council for Economic Development and Investment is to advise the Head of State on public policy capable of attracting investment in the country and to project a positive image of Haiti to the rest of the world."

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World Bank Commits $500M[US] over next Three Years

PORT-AU-PRINCE, Haiti (defend.ht) - Following a two day visit to Haiti, the World Bank committed $500 million [US] to be disbursed over the next three years in areas of disaster response, education, boosting agricultural production, distribution of electricity and budget support for the Haitian government.

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Clinton Bush Fund Puts $1.1M into Organizations in Haiti

WASHINGTON, D.C. (defend.ht) - In a press release, the Clinton Bush Haiti Fund announced it's intention to support 3 organizations working with Haitians. HAND/EYE, an American 501c facilitating trade between Haitian artisans and international markets, FINCA is an international 501(c) that makes microloans and Inveneo, an American 501(c) building computer labs in underdeveloped regions throughout the world.

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Top Executives from the World Bank Travel to Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - Two vice-presidents of the World Bank, Pamela Cox, Vice President for Latin America and the Caribbean and Axel van Trotsenburg, Vice President for Finance and Dealers and Global partnerships, arrived in Haiti on Thursday for a two-day visit with a mission to reaffirm the commitment of the World Bank in Haiti.

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Laurent Lamothe Called to Lead Investment and Economic Development in Haiti

PORT-AU-PRINCE, Haiti (defend.ht) - On Thursday, the President of the Republic, Michel Martelly, presented the Presidential Advisory Council for Economic Development and Investment, announcing the council's chairs to be Special Adviser to the President, Laurent Lamothe and former U.S. President, William Jefferson Clinton.

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Book reviews

Haiti Noir

Book Review

The anthology edited by Edwidge Danticat puts a uniquely Haitian spin on the crime genre

"Danticat has succeeded in assembling a group portrait of Haitian culture and resilience that is cause for celebration." - Publishers Weekly