GEORGETOWN, Guyana, February 7, 2019 (CMC) – Guyana announced, yesterday, that the US-based oil giant, ExxonMobil, had made two additional discoveries of oil, offshore Guyana, building on the previously-announced estimated recoverable resource of more than five billion oil-equivalent barrels on ...
Read More »Category Archives: Business & Money
Feed SubscriptionBank Of Jamaica Comments On Foreign Exchange Situation
KINGSTON, Jamaica, February 4, 2019 (CMC) – The Bank of Jamaica (BoJ) says it has sold US$50 million to authorised dealers and cambios in a “flash sale auction”, over the past two weeks, aimed at offsetting the effects of excessive ...
Read More »St. Vincent Government Owes Millions For Lands Used To Build New Airport
KINGSTOWN, St. Vincent and the Grenadines, February 4, 2019 (CMC) – The St. Vincent and the Grenadines government has acknowledged owing an estimated EC$33 million for lands acquired at Argyle, for the construction of the Argyle International Airport, which opened ...
Read More »Jamaica Government Moving To Privatise Several Assets
KINGSTON, Jamaica, January 29, 2019 (CMC) – The Jamaica government says it will, in the coming months, be looking at privatising a number of assets under its portfolio. Speaking at the official opening of the 120-room S Hotel in Montego ...
Read More »PM Urges Jamaicans To Buy Shares In Public Companies
KINGSTON, Jamaica, January 24, 2019 (CMC) – Prime Minister, Andrew Holness, is urging Jamaicans to acquire shares in public companies, listed on the island’s stock exchange. “I am encouraging Jamaicans to buy shares in these public companies, when they are ...
Read More »Canada-based Guyana Goldfields Inc. Appoints Former US Ambassador As Senior Vice-President
GEORGETOWN, Guyana, January 6, 2019 (CMC) – Canadian gold-mining company, Guyana Goldfields Inc., has appointed Former United States Ambassador to Guyana, Perry Holloway, as its Senior Vice President in charge of Strategy and Corporate Affairs. The company’s only operating mine ...
Read More »Trinidad And Tobago’s Domestic Growth Slackened In Third Quarter, Says Central Bank
PORT OF SPAIN, Trinidad and Tobago, December 29, (CMC) – The Central Bank of Trinidad and Tobago (CBTT) says that domestic growth momentum appeared to have slackened in the third quarter of 2018, while inflation remained very low. “Domestically, after ...
Read More »High Court Judge Awards Fly Jamaica Multi-Million US Dollar Settlement
KINGSTON, Jamaica, December 22, 2018 (CMC) – A High Court judge has awarded Fly Jamaica Limited US$4.2 million in damages, for breach of contract against ADS Global Limited, the company that operated the airline’s call centre, from 2012 to 2014. ...
Read More »Jamaica-Based Sandals Resorts Denies Allegations Made On US Television
KINGSTON, Jamaica, December 18, 2018 (CMC) – Jamaica-based Sandals Resorts has categorically denied allegations that it is covering up allegations of sexual assault on two American female guests, insisting that it stands ready to “vigorously defend itself in court”. In ...
Read More »Telecommunications Services of Trinidad and Tobago Sends Home More Workers As Part Of “Staff Rationalisation Exercise”
PORT OF SPAIN, Trinidad and Tobago, December 13, 2018 (CMC) – The Telecommunications Services of Trinidad and Tobago (TSTT) announced, yesterday, the dismissal of 51 of its employees, as the head of the Communications Workers Union (CWU), Clyde Elder, said ...
Read More »