Dutch giant Unilever breaks ground for factory in Cuba
weather events including strong winds, and/or rainfall during hurricanes and tropical storms”. Beneficiaries of the LPP include farmers who depend on the weather for a good harvest. The LPP “targets all individuals irrespective of income level, and provides timely cash payouts following a weather event, and give policy holders the opportunity to rebuild their lives in the wake of a natural disaster”.
LPP is offered in association with the People’s Cooperative Bank and credit unions.
Provided that Ms Appleby and other persons like her who were qualified to participate in the Banana Catastrophe Fund actually signed up and bought LPP, the situation following the flood rains in Portland ought not to be so dire.
My suspicion is that the majority of persons who were affected, unfortunately did not fall into that category.
IDUTCH CONSUMER product giant Unilever has become one of the largest foreign companies to move into a special economic development zone at the Cuban port of Mariel that is meant to jump-start outside investment on the island.
Unilever broke ground Friday on a US$35 million joint venture with the Cuban government to produce personal-care products.
Unilever will hold a 60 per cent stake in the venture, which will produce shampoo, soaps and other products for local and international distribution. The factory is expected to generate 300 local jobs and will be managed by Unilever officials.
Only seven other foreign firms have moved to open operations in the special economic zone since it was inaugurated in 2014. Many have yet to break ground or remain in the early stages. Cuba says it is hopeful of accelerating the pace of foreign investment in the country, a pace lagging at less than half the annual goal of more than US$2 billion a year.
Eleven more companies have been approved to open operations at the free trade zone, Cuban officials say.