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BSJ News Desk


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.
Company News

Fortress: 2019 has been good so far

Leading fund manager, Fortress Fund Managers, says that 2019 has been a good year for investors so far, with its equity investments holding steady and bonds showing some gains at the end of its third quarter.
Company News

55 firms get funding from Caribbean Export

The Caribbean Export Development Agency, in cooperation with the European Union, has awarded over Bds $3.5M (€1.5M) under their 2nd Call for Proposals for the Direct Assistance Grant Scheme.

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.

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.

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.

18 years on, government strengthening bankruptcy law

Barbados needs to have a low cost legal framework in place which allows distressed businesses to pursue reorganization as a first option and emerge from insolvency proceedings as a going concern, says Minister of Small Business Dwight Sutherland.

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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