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Colombian group to buy 67% stake in CIBC FirstCaribbean

Canadian Imperial Bank of Commerce is reducing its exposure to a company that has lost US$1.6 billion in value since 2006, according to a recent report by Bloomberg news.
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Scotiabank renews its commitment to the region

Brendan King, Scotiabank’s senior vice president for international banking, was in Barbados recently to personally deliver the bank’s ongoing commitment to Barbados.
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Management training underway for public officers

According to Director of the Learning and Development Directorate Fay-Marie Browne, the programme will expose the selected public officers to a wide range of current management techniques and practices.
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Barbados reaches deal on foreign debt with creditors' group

The Government of Barbados and the Barbados External Creditor Committee said on October 18 that they had reached an agreement in principle to exchange some of the Government’s U.S. dollar-denominated debt for new bonds to be issued by Barbados.
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Marriott International Inc. to acquire Elegant Hotels Group Plc for US$200m

‍Marriott International will pay about 101 million pounds sterling (US$130 million), or a total of about US$199 million including debt, the company said in the statement.
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Sagicor Life to acquire CLICO/BAT assets in T&T

Alignvest Acquisition II Corporation said that its wholly-owned subsidiary Sagicor Financial Corporation Ltd.,will acquire the insurance portfolios of both Colonial Life Insurance Company (Trinidad) Ltd., and British American Insurance Company (Trinidad) Ltd.
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Renewable energy cap will be increased, says Mottley

Prime Minister Mia Mottley says the so-called cap, or maximum, capacity for renewable energy sales to the local power utility will be increased in due course as Barbados moves on with its plan to become less dependent of fossil fuel energy.
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Holder: Asycuda World will allow closer monitoring

Now that the basic Asycuda World software has been implemented by the customs department, it will be expanded to automate every other section of customs now covered in the original launch of the system, says Owen Holder, the new Comptroller of Customs.