Perhaps no country stands to benefit more from Air Canada subsidiary Air Canada Rouge’s decision to expand services to the Caribbean by +22% in 2014 than Haiti. The leisure carrier will assume Air Canada’s service from Toronto and Montreal to Cuba, the Dominican Republic, The Bahamas, Barbados and Haiti between March and May, while providing additional routes from Montreal to Haiti and Punta Cana.
Guyana and Haiti are poised to lead Latin America and the Caribbean in economic growth in 2014, with each projected to grow at a rate of +4.5%, according to the UN’s World Economic Situation and Prospects (WESP) report for 2014. Guyana’s expected growth represents a slight downtick from last year’s performance of +4.6%, while Haiti is expected to accelerate well above the +3.5% rate of growth it experienced last year.
Work on a $123MM liquefied natural gas (LNG) supply dock and storage facility near Titanyen is set to resume within two to three weeks. The project initially launched in August of 2013 but has been delayed due to holdups in the authorization process. According to Haytrac Power & Gas SA (HPG), which has been contracted to build the facilities, Government has processed all necessary documents, including those for HPG’s foreign partners PromiGaz (Colombia), GasEner (Dominican Republic) and Andinat.
The new minimum wage has sparked protests among workers in the assembly and textiles sectors. The Superior Wage Council (CSS) set the new daily rate at HTG 225 (roughly US $5.17) for certain work categories, with assembly and textiles falling under the umbrella of that rate. Workers have been pursuing an increase in wages to HTG 500 (US $12) per eight-hour day. The previous rate was HTG 200 (US $4.60).
The protests, which threatened to become violent, led the Association of Industries of Haiti (ADIH) to close activities on December 12 for the protection of workers and facilities.
The recent Q3 report from the Central Bank of Haiti and a November International Monetary Fund (IMF) mission have revealed some positive indicators for an economy that has been jolted by extreme weather and an inflation rate that reached nearly 8% in 2012.