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BSJ News Desk


Don't use petroleum-based containers, the government reminds us

However, plastic bags used for waste disposal, storage and preservation still legal.
Company News

RBC sells EC operations to group of local banks

Johnathan Johannes, Managing Director of 1st National Bank of St. Lucia, said, “We formed the consortium for the express purpose of expanding the scale of the locally owned financial entities in the Eastern Caribbean Currency Union.

From fossil fuel to renewable energy: BNOCL to install 30,000 PV systems over next decade

In light of the government’s announced plan for Barbados to become 100 per cent energy efficient by 2030, the chairman said, BNOCL’s Board decided they had to play their part in helping the country reach its goal, even though they are in the oil business.
Company News

C.G.I. to purchase Sun General; ANSA McAl to purchase Trident Insurance

These announcements follow Sagicor’s purchase of Harmony General Insurance Co. Ltd’s operations in September last year.

Standard & Poor's raises its long- and short-term foreign currency ratings on Barbados.

On Dec. 11, Barbados exchanged approximately US$531 million in new 2029 bonds and US$32 million in past due interest bonds to holders of its U.S. dollar bonds that had been in default since 2018, resulting in S&P raising the ratings six notches.

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.

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