Posts by 

Patrick Hoyos

Commentary & Analysis

Enter Jaimie and the Colombians

On Friday, Nov. 8, the thunderclap was heard: Canadian Imperial Bank of Commerce would sell two-thirds of its Barbados-based CIBC FirstCaribbean International Bank to a company run by Colombian billionaire Jaime Gilinski for US$797 million,.

From our archives: For Alexandre Gabriel, rum is an uplifting experience

In an exclusive interview with The Broad Street Journal back in mid-2017, Alexandre Gabriel - a master blender who has put the Maison Ferrand brand of Cognac on the map over the past two decades, and who recently introduced Plantation Rum, said he was very optimistic about the future of the company.
Commentary & Analysis

Scotiabank seeks to re-invent itself in Barbados

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

King advises Barbados to follow the Jamaica“template"

Despite the pain it felt on having its Barbados government portfolio revised downwards, Scotiabank has encouraged the government to “stay the course.”
Commentary & Analysis

Griffith calls it a day at BTMI

His decision to resign from the BTMI, an agency into which he breathed life and by extension played the key executive role in building the team that would see a tourism comeback after years of decline and stagnation will leave a void.
Commentary & Analysis

Two great deals in one week

The new agreement reduces by 26.3% the original debt and interest past due as well as accrued since October 1, 2019. Now at mid-year that investors’ group said it held about 55% of Barbados’ US$1.5 Billion worth of foreign debt, so that means that a 26.3% reduction is almost US$400 million.
Commentary & Analysis

Few shots fired in energy“revolution"

The question, she was wrestling with, said the prime minister, was whether the new cap would go to 100 megawatts or 200 megawatts. And on top of that, she added, the feed-in-tariff ought to apply not just for plants that are one megawatt and under, but for five megawatts and under, in order, she said, “to increase the democratization of the industry.”
Company News

Roach, Alleyne promoted to tourism agency's senior team

Barbados' tourism agency, Barbados Tourism Marketing Inc. has named Petra Roach to the post of Head, Global Markets. Marsha Alleyne has been named Chief Product Development Officer,

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