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Miami Investment Company Buys Bermuda’s Largest Hotel

Miami Investment Company Buys Bermuda’s Largest Hotel

HAMILTON, Bermuda, December 16, 2019 (CMC) – The Fairmont Southampton, the largest hotel in Bermuda’s, has been sold to a Miami-based investment and development company for an undisclosed price. According to Karim Alibhai, the founder of investment firm, Gencom, he ...

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Fly Jamaica Files For Bankruptcy Protection

Fly Jamaica Files For Bankruptcy Protection

KINGSTON, Jamaica, December 15, 2019 (CMC) – Guyana-based carrier, Fly Jamaica, has filed for bankruptcy protection, in a bid to seek protection from creditors. This was by revealed Marlon Murdock – the agent for Fly Jamaica trustee, Wilfred Baghaloo – ...

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Royal Bank Offloads Operations In The Eastern Caribbean

Royal Bank Offloads Operations In The Eastern Caribbean

ROSEAU, Dominica, December 12, 2019 (CMC) – The Royal Bank of Canada (RBC) has entered into a “definitive agreement”, today, with a consortium of Eastern Caribbean indigenous banks, to sell all of its banking operations in the Eastern Caribbean. “Consistent ...

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Jamaican Prime Minister Woos African Investors

Jamaican Prime Minister Woos African Investors

By Kenton X. Chance CMC Caribbean Correspondent NAIROBI, Kenya, December 9, 2019 (CMC) — Jamaica’s Prime Minister, Andrew Holness, has reached out to African investors, telling them that size should not be an impediment to business — and that profit ...

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