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Sunday, February 07 2016 @ 06:20 AM AST

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CAF issues over US$188 million in debt in Japan, Switzerland

The former Corporacion Andina de Fomento, still known by its then acronym CAF, today issued about US$150 million in Swiss francs and about US$38 million in Japanese yen.

The money raised from the bonds will fund water infrastructure projects in Latin America and the Caribbean.

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New flight between Dominican Republic and Trinidad and Tobago starts today

Dominican Wings today began flights to Piarco Trinidad and Tobago.

The inaugural flight was scheduled to leave at 6 am with 180 passengers from Aeropuerto Internacional Las Américas José Francisco Peña Gómez.

Besides the Santa Domingo - Port of Spain route, the airline will fly to Puerto Plata. On giving the news, Company President Víctor Pacheco said the moment is historic because it is the first fully Dominican-owned to fly international routes.
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Oil companies' investments slow in 2015, forecast to be slower in 2016

In 2015, oil companies took Final Investment Decisions (FIDs) for just six projects. This year, the number is likely to be even lower, Morgan Stanley said in a research note dated January 29. "Inside, we show the 9 most likely candidates but expect just 3-4 of those to go ahead. This has implications for oil companies, service providers and the commodity," said Morgan Stanley Research Europe.

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Barbados banks' non-performing loans decline, profitability doubles

Barbados banks' non-performing loans (NPLs) are on the decline while their profitability doubles, the Central Bank of Barbados said in its latest Financial Stability Report (FSR) released yesterday.

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Aruba business people report increase in profits

A larger percentage of respondents to the Central Bank of Aruba's (CBA's) Business Perception Survery operated with profits in the third quarter of 2015, compared to the previous quarter, the CBA said in a report today.