Haitian Money

Official Opening of the Caracol Industrial Park

PORT-AU-PRINCE, Haiti (defend.ht) - Michel Martelly presided over the official opening of the Caracol Industrial Park on Monday, October 22, 2012. The president welcomed the project launched by former President Rene Preval that is now the largest and most modern industrial park in the Caribbean and Latin America.

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Muhammad Yunus announces financing for Haitian businesses

PORT-AU-PRINCE, Haiti (defend.ht) - Nobel peace price laureate Muhammad Yunus announced that his group would providing loans and equity investments to several Haitian businesses. The financing will range from $80,000 to $500,000 with interest rates from 6-10%.

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New tax on alcohol and tobacco in Haiti

MIAMI, USA (defend.ht) - Prime Minister Laurent Lamothe said Monday the country is moving to increase taxes [on alcohol and tobacco] to raise $100 million to make “a big difference in the education system.”

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USAID-Haiti Cash-for-Work Program is Underachieving

WASHINGTON, D.C. (defend.ht) - A USAID internal audit of the cash-for-work program in Haiti found that efforts had fallen short of expectations. Program leaders stuck with rubble-removal rather than diversifying reconstruction projects, did not meet employment goals, some as low as 32%, increased the risk for serious injury and may have enabled corruption by local government officials.

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Digicel Entrepreneur of the Year Finalists: Building the Economy of Tomorrow

PORT-AU-PRINCE, Haiti (defend.ht) - Digicel Entrepreneur of the Year in Haiti, a country facing many economic problems is entering its third edition and there have been more applications received than in previous years.

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Salami Exporters in D.R. Losing Millions after Ban in Haiti

SANTO DOMINGO, Dominican Republic (defend.ht) - On Thursday, meat exporters in the Dominican Republic demanded an understanding between the Haitian and Dominican governments to lift a ban on importing salami meat into Haiti that is amounting to losses in the millions.

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Haiti: Digicel Announces Closing of Voila

PORT-AU-PRINCE, Haiti (defend.ht) - Six month's after Digicel acquired Voila, it announced that the Voila network and company will be closing on October 15.

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Haiti: Minimum Wage Increases to 200 HTG for Industrial Workers

PORT-AU-PRINCE, Haiti (defend.ht) - An October 1, 2009 bill signed into law by former President Rene Preval to raise the daily minimum wage from 70 HTG ($1.69 [US]) to 200 HTG ($4.82 [US]) will go into effect on October 1, 2012 the Minister of Social Affairs and Labour, Josepha Gauthier announced on Thursday.

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Haiti: Carnaval des Fleurs was a Net Loss

PORT-AU-PRINCE, Haiti (defend.ht) – Carnivals, whether in Les Cayes or in the capital city of Port-au-Prince, Haiti, are enjoyable, but not profitable in terms of government revenue. After an analysis of the cost/revenue report by the Minister of Culture and Chairman of the recent carnival committee that claimed a gain of 21 million HTG in revenue for the public treasury, we found it not to be true. The numbers add up to a net loss for the state of 46 million HTG.

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Haiti - Open Letter to President: Businessman Announces Lawsuit against Government

PORT-AU-PRINCE, Haiti (defend.ht) - André Apaid Jr, the businessman abased on Monday at the Toussaint Louverture International Airport, being prohibited from traveling abroad, over allegations of unpaid taxes, released a critical open letter to President Michel Martelly ultimately announcing intentions to sue the government.

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Haiti: State Electricity Announces Plans to Make Power Available 24 Hours per Day

PORT-AU-PRINCE, Haiti (defend.ht) - Andress Appolon, Director General of Electricity of Haiti, having repaired all circuits lost a week after the passage of Tropical Storm Isaac announced a $160 million plan to have electricity available in Port-au-Prince 24 hours per day.

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Haiti: Business Leaders Prohibited from Leaving the Country for Alleged Tax Evasion

PORT-AU-PRINCE, Haiti (defend.ht) – A prominent businessman in Haiti was stopped from leaving the country on Monday by port authority officials at the international airport for alleged tax evasion, a charge the business leader is contesting.

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Haiti: Power Outages across Port-au-Prince

PORT-AU-PRINCE, Haiti (defend.ht) - At least 32 power grids lost power in metropolitan due to Tropical Storm Isaac which passed over Haiti Friday night. Authorities at Electricity of Haiti (EDH) believe damage was minimized by preventative measures taken before the storm such as trimming tree branches threatening power lines and prepare gas generators for backup.

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Haiti: New Director to Facilitate Investment, Georges Andy Rene

PORT-AU-PRINCE, Haiti (defend.ht) - A new director of the Investment Facilitation Center, Georges Andy Rene, was formally installed on Tuesday and given the task of taking Haiti from its 174th ranking in countries to do business in, into the top 50 of nations.

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New Head of Electricite d'Haiti Andress Appolon

PORT-AU-PRINCE, Haiti (defend.ht) - The new, and first female, Director General of Electricity d'Haiti, Andress Apollon, convened the board of directors of the power company Thursday to adopt two resolutions that are hoped to lead to more effective delivery of electricity by EDH.

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Haiti: Gregory Mevs Named Chair of Pres. Council on Investment

PORT-AU-PRINCE, Haiti (defend.ht) - On Friday, the Office of the Presidency announced Gregory Mevs would co-Chair with former U.S. President Bill Clinton the Presidential Advisory Council for Economic Development and Investment (CCPDEI).

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Haiti: Community Mill Opens to Increase Agricultural Production

TIMONETTE, Haiti (defend.ht) - The first of a series of community mills was opened in the town of Timonette on Monday. Funded by the PetroCaribe fund, the opening of the mill also accompanied competitively priced fertilizer and tool distribution for farmers. President Michel Martelly and the Ambassador of Venezuela inaugurated the center that both expect to dramatically boost domestic agriculture production in the country.

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Peintures Caraïbes, First Haitian Enterprise in Caracol Industrial Park

CARACOL, Haiti (defend.ht) - Peintures Caraibes, or Caribbean Paint, signed on Tuesday, with the Haitian government an agreement to set up a second production plant at the industrial park of Caracol. This plant is expected to bring 170 jobs to the area in its first year, and 300 more in its second.

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First Private Equity Fund Exclusively for Investment in Haiti Introduced by Leopard Capital

WASHINGTON, D.C. (defend.ht) - With the signing of a commitment with the International Finance Corporation, Leopard Capital established the first private equity fund to operate and focus exclusively on Haitian investments, post-2010-earthquake.

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Nestlé Joins Project to Assist Haitian Coffee Growers

VEVEY, Switzerland (defend.ht) - Nestlé has partnered with the Inter-American Development Bank in a project aimed at raising the yields of Haitian coffee growers by providing seedlings and technical assistance to farmers.

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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