GEORGETOWN, Guyana, February 4, 2020 (CMC) – The Russian-owned aluminium company, RUSAL, yesterday, dismissed all the 326 employees at the Bauxite Company of Guyana Inc. (BCGI), citing industrial unrest and damage to property. “The suspension of BCGI will have no ...
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Feed SubscriptionBarbados Launches Consent Solicitation For Its US Dollar-Denominated Commercial Debt
BRIDGETOWN, Barbados, February 4, 2020 (CMC) – The Barbados government said, today, it had launched “consent solicitation”, regarding certain United States dollar-denominated debt instruments, issued by itself and state-owned enterprises, in a bid to amend the terms of these instruments. ...
Read More »Former Chief Of Antigua’s Financial Services Regulatory Commission Pleads Guilty In The US
WASHINGTON, DC January 31, 2020 (CMC) – The former Head of the Antigua Financial Services Regulatory Commission (FSRC), Leroy King, has pleaded guilty, for his role in connection with the Stanford International Bank’s (SIB) seven billion US dollar Ponzi fraud ...
Read More »Global Ratings Agency Revises Jamaica’s Outlook From Stable To Positive
KINGSTON, Jamaica, January 31, 2020 (CMC) – Global credit ratings agency, Fitch Ratings Inc., has affirmed the government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’, and revised the outlook from stable to positive. According to Fitch Ratings, ...
Read More »Digicel Wants Guyana Telephone And Telegraph’s Monopoly Lifted
GEORGETOWN, Guyana, January 31, 2020 (CMC) – Gregory Dean, the Chief Executive Officer of the telecommunications company, Digicel Guyana, is urging the authorities to move towards liberalising the sector, after a petition was posted on social media, urging Guyanese to ...
Read More »Guyana Conglomerate, Banks DIH, To Branch Out Into Energy Sector
GEORGETOWN, Guyana, January 28, 2020 (CMC) – Guyana-based conglomerate, Banks DIH Limited, says it is entering the energy and auto sales industries, in keeping with the needs and demands of the local economy. “The economy, which is poised to undergo ...
Read More »Jamaican Private Sector Looking For Investment Opportunities In Guyana
GEORGETOWN, Guyana, Tuesday, January 28, 2020 (CMC) – President of the Jamaica Chambers of Commerce (JCC), Lloyd Distant Jn., says the private sector in his country is seeking to partner with the private sector, here, in expanding business opportunities in ...
Read More »2019 Was A Very Good Year For Caribbean Hoteliers
By Ernie Seon Correspondent NASSAU, Bahamas Friday, January 24, 2020 (CMC) – The Director General of the Caribbean Hotel and Tourism Association (CHTA), Frank Comito, says despite a few challenges, 2019 turned out to be a very good year for ...
Read More »World Bank Approves Funds For Grenada To Reduce Disaster Risks, Build Resilience
WASHINGTON, DC Friday, January 24, 2020 (CMC) – Grenada has become the first country in Latin America and the Caribbean, to be approved for a Deferred Drawdown Option for Catastrophe Risks (Cat DDO) to help reduce disaster risks and build ...
Read More »Eastern Caribbean Central Bank Governor Holds Talks On Bank’s Performance
CASTRIES, St. Lucia, January 21, 2020 (CMC) – The Governor of the St. Kitts and Nevis-based Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine, is leading a four-member delegation for talks, here, on the performance and prospects of the ...
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