GEORGETOWN, Guyana, November 5, 2019 (CMC) – After expanding by 4.4 percent this year — on the back of continued strength in the construction and services sectors, ahead of oil production in 2020 — Guyana’s economy could grow by a ...
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Feed SubscriptionFormer Antiguan Regulator To Face Fraud Charges In US After Losing Extradition Fight
ST. JOHN’S, Antigua and Barbuda, November 5, 2019 (CMC) – The former head of the Financial Services Regulatory Commission (FSRC), Leroy King, has lost his fight against extradition to the United States, and will now have to face several fraud ...
Read More »Depositors Of “Sou-Sou” Savings In Grenada Now Required To Declare Source Of Funds, Says Financial Intelligence Unit
ST. GEORGE’S, Grenada, October 22, 2019 (CMC) – The Financial Intelligence Unit (FIU) says as part of its efforts to combat financial corruption and money laundering, persons now depositing funds into financial institutions, achieved through the traditional form of savings, ...
Read More »Jamaica Gets World Bank Grant
WASHINGTON, DC October 22, 2019 (CMC) — The World Bank is providing a US$14.85 million grant to support Jamaica in expanding its financial protection against natural disaster risks. The Washington-based financial institution said that the funds from the Global Risk ...
Read More »Caribbean Central Banks Conducting Survey On Citizens’ Payment Preferences
BRIDGETOWN, Barbados, October 17, 2019 (CMC) – Regional central banks are conducting a survey to determine how people in the Caribbean pay for goods and services. “The survey is being conducted across the Caribbean (and) the information collected is going ...
Read More »LIAT Celebrating 63rd Anniversary Despite Financial Woes
ST. JOHN’S, Antigua and Barbuda, October 16, 2019 (CMC) – Cash-strapped regional airline, LIAT, is celebrating its 63rd anniversary, today, indicating that it remains “resilient to fulfil its mandate to connect the Caribbean”. The Antigua and Barbuda-based airline, which was ...
Read More »Blacks And Business: Behaving Badly?
By Yvonne Sam Contributing Columnist I have neither an axe to grind, nor have I bid leave of my senses. That being said, even as a Black individual, I have found Blacks to be difficult people to do business with, ...
Read More »Black Business And Professional Association Gets New Board Of Directors
By Michael Van Cooten Publisher/Editor TORONTO, Ontario October 9, 2019 — On Monday, the Black Business and Professional Association (BBPA) announced its slate of new directors to its 10-member Board, elected at the organisation’s Annual General Meeting, held on September ...
Read More »Jamaicans Will Soon Be Able To Own Shares In The Country’s Trans-Jamaica Highway
KINGSTON, Jamaica October 4, 2019 — Members of the public will soon be able to purchase shares in Trans-Jamaican Highway Limited (TJH), which owns and operates the country’s toll-road network. Minister of Finance and the Public Service, Dr. Nigel Clarke, ...
Read More »Caribbean Airlines Launches Layaway Payment Plan
PORT OF SPAIN, Trinidad and Tobago, October 4, 2019 (CMC) – Regional carrier, Caribbean Airlines, announced, today, the launch of Caribbean Layaway, an interest-free layaway plan, which allows customers, travelling within a two to six-month period, to pay for their ...
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