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GUYSUCO Closes Non-performing Sugar Estate

GEORGETOWN, Guyana (CMC) – The Guyana government said, on Monday, it was no longer tolerating the practice of diverting scare funds from good sugar estates to keep “the poor performers in operation”, as it confirmed the closure of the Wales Estate. The Ministry of Agriculture said, ...

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New Eastern Caribbean Central Bank Governor Appointed

BASSETERRE, St. Kitts (CMC) – The Monetary Council, the highest decision-making body of the Eastern Caribbean Central Bank (ECCB), has appointed Timothy Antoine as Governor of the institution. Antoine, a Grenada national, succeeds Sir K. Dwight Venner, who retired last ...

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How To Shop Smart And Save

How To Shop Smart And Save

(NC) It’s the time of year for festive dinners, family parties and lovely gifts. But the season of giving doesn’t need to be a season for overspending. The key is having a plan. Set a budget for the most important ...

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New Year’s Financial Resolutions

New Year’s Financial Resolutions

By Carla Hindman Director of Financial Education, Visa Canada Health and fitness are among the top resolutions for Canadians. But what about getting your personal finances in shape and becoming financially fit? Every year Canadians vow to stick to a ...

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GUYSUCO Exceeds Sugar Production Targets

GEORGETOWN, Guyana (CMC) – The Guyana Sugar Corporation (GUYSUCO) says, it has exceeded its production target for 2015 by over 300 tonnes, after recording 227,727 tonnes on Monday. GUYSUCO said, that it had set a target of 227,443 tonnes and ...

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ANSA McAL Ups Offer For Control Of Banks Holding Limited

ANSA McAL Ups Offer For Control Of Banks Holding Limited

BRIDGETOWN, Barbados (CMC) – The Trinidadian conglomerate, ANSA McAL, Wednesday increased its offer to shareholders for control of Barbados’ largest beverage company, Banks Holdings Limited (BHL). In a statement, ANSA McAL, which is in a bidding war with Brazilian conglomerate, ...

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Steel Company In Trinidad Lays Off 600 Workers

PORT OF SPAIN, Trinidad (CMC) – The Steel Workers Union of Trinidad and Tobago (SWUTT) Monday denounced the decision of the ArcelorMittal Point Lisas, a subsidiary of the world’s leading steel and mining company, to lay off 600 employees with ...

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Antigua Barbuda Investment Bank Ends Operations

ST. JOHN’S, Antigua (CMC) – The Antigua and Barbuda government says the operations of the troubled Antigua Barbuda Investment (ABI) Bank “would cease immediately” after announcing that the financial institution is being taken over by the Eastern Caribbean Amalgamated Bank ...

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