Finance and Lending
Caribbean Biz

Carilend, promising to 'revolutionise' lending in region, is officially launched

Promising better service for both borrowers and lenders, new financial tech company Carilend was officially launched on Thursday night at Limegrove Centre in Holetown.

By

Patrick Hoyos

on

June 14, 2017

Media and Telecoms
Caribbean Biz

Yello Media Group names new CEO, plans expansion

Regional directory publisher Yello Media Group, which publishes the Yellow Pages in Barbados, has named Collin Francis as the new CEO, as the company prepares to expand into three new markets, the Jamaica Gleaner reports.

By

Patrick Hoyos

on

June 14, 2017

casino gambling
Caribbean Biz

Shaw: Jamaica courting foreign casino investors

The Jamaica finance minister said that for the 2016-17 fiscal year, the gaming sector recorded J$111.25 billion - or about US$864 million - in revenues, just over 20 per cent more than for the previous year.

By

Patrick Hoyos

on

June 14, 2017

From the financial reports
Caribbean Biz

OCM's results for 2016 hit by region's economic challenges

Net profit for the year was TT$56 million (US$8.3m), down from TT$83 million (US$12.3m) in 2015, a decline of about a third, or 32.5%.

By

Patrick Hoyos

on

June 14, 2017

From the financial reports
Caribbean Biz

CWC's revenue declines 4% in Q1 2017

It’s been a bit of a roller coaster ride for the company since it was acquired by Liberty Global plc a year ago, and the company began an aggressive integration process.

By

Patrick Hoyos

on

June 14, 2017

Fuel and energy
Caribbean Biz

Jamaica power company to build green energy back-up plant

The Gleaner said Jamaica saved around US$18 million in 2016 in oil imports based on 80MW generated from renewable energy projects.

By

Patrick Hoyos

on

June 14, 2017

Caribbean Business
Caribbean Biz

Caribbean Export shows region's potential in Brussels

The event was held from June 7th to 8th in Brussels and Caribbean Export showcased their export development work

By

Patrick Hoyos

on

June 14, 2017

From the financial reports
Caribbean Biz

Republic's net profit up 6% at end of Q3 2017

Republic's chairman, Ronald Harford, in announcing the results, said, “The growth in core profitability was the result of improvements in several of the Group’s overseas territories.”

By

Patrick Hoyos

on

June 14, 2017

Retailing
Caribbean Biz

In T&T, Massy Stores holding on to staff despite recession

According to the Trinidad Guardian, Massy Stores CEO Derek Winford said that although the group was diversifying operations and expanding into other areas, its supermarkets subsidiary was struggling with monthly costs such as rents, salaries and utilities.

By

Patrick Hoyos

on

June 14, 2017

Caribbean Business
Caribbean Biz

PBS Group is first to list on BSE’s international market

PBS Chairman Paul Scott said the company decided to offer a secondary listing on the BSE in oder to allow investors access to a regional company and to support a vision for a more integrated regional securities exchange.

By

Patrick Hoyos

on

June 14, 2017

Caribbean Business
Caribbean Biz

TT gov't petition to wind up CL Financial adjourned to July 25

According to the Trinidad Guardian, Ms. Peake said her application was urgent due to developments currently taking place in the company, telling the court that “Every day that passes, things are happening. There is a fundamental change in the status quo to the detriment of creditors.”

By

Patrick Hoyos

on

June 14, 2017

Caribbean Business
Caribbean Biz

In T&T, Imbert asks citizens to bear budget burden, aka, more taxation

The finance minister says he hopes that some of the taxes imposed in the2017-18 budget presentation could be only temporary measures.

By

Patrick Hoyos

on

June 14, 2017

From the financial reports
Caribbean Biz

Ansa McAl's net profit falls 23% at end of Q3 2017

Profit after tax was over $100 million below that of the previous period, TT$416.8 million, compared with TT$527.8 million in 2016).

By

Patrick Hoyos

on

June 14, 2017

Economic policy
Caribbean Biz

Farrell says TT dollar "significantly overvalued"

Dr. Farrell said it would make “no sense” if T&T floated its currency freely, because the currency would fall in value too fast.

By

Patrick Hoyos

on

June 14, 2017

Economic policy
Caribbean Biz

Lagarde promises to help Caribbean find growth

Ms Lagarde said “Let me assure you that we are not giving up on this, and we will work together to find a solution, not only on the loss of correspondent banking relationships but also on the high costs of international payments.”

By

Patrick Hoyos

on

June 14, 2017

Employment
Caribbean Biz

BCC boosts degree programmes with eye to Caribbean market

Chairman of the Board of Management of the Barbados Community College, Stephen Broome, wants to see the College become what he called a “second country provider” of higher educational services and programmes to countries in the Caribbean, mainly in its specialty areas.

By

Patrick Hoyos

on

June 14, 2017

Caribbean Business
Caribbean Biz

IDB announces investment plan to make Caribbean climate-smart"

The Inter-American Development Bank Group (IDB Group) says it is willing to invest up to US$1 Billion over the next five years in new public/private sector partnerships to help the Caribbean mitigate the damage that will be done to its infrastructure by climate change.

By

on

Shipping
Caribbean Biz

Kestrel Liner Agency, sponsor of job training in Barbados, wins Queen's trade Award

Kestrel Liner Agencies, a UK-based shipping firm serving the Caribbean, has been awarded the prestigious Queen’s Award For International Trade 2018. The Award recognises Kestrel’s rapid growth over the past three years, both in the Caribbean market as well other markets.

By

on

Caribbean Biz

ANSA McAl Foundation names Caribbean Awards Laureates

Danielle Dieffenthaller from Trinidad & Tobago, Kimala Bennett from Jamaica, Michael Taylor from Jamaica, and Corey Lane from Barbados were honoured by the Anthony N. Sabga Caribbean Awards for Excellence, for their work in science, art, entrepreneurship, and activism, at an awards ceremony on March 31. The winners were presented with cheques for TT$500,000, a medal and a citation.

By

BSJ News Desk

on

April 27, 2018

Caribbean Biz

Massy Holdings to launch “major transformation initiative” based on Infosys plan

With the road to growth a slow and often bumpy ride, the Massy Group sees its path to profits in cutting costs and improving efficiency across the board,

By

BSJ News Desk

on

April 27, 2018