WASHINGTON, D.C. CMC – The World Bank says remittances to the developing world, including the Caribbean, are expected to grow by 6.3 percent this year to US$414 billion. In its revised estimates and forecasts, issued here on Wednesday, the World ...
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Experts Share 3 Crucial Planning Steps More and more small business owners are selling their companies, with sales hitting a four-year high earlier this year in the United States, and Canada predicting its largest small business turnover ever in the ...
Read More »T&T’s Republic Bank Acquires More Shares In HFC Bank Of Ghana
PORT OF SPAIN, Trinidad CMC – Republic Bank says it now controls 40 percent of the HFC Bank Ghana, after acquiring an additional 7.98 percent shareholding in financial institution. In a statement, the Trinidad-based bank said that it purchased 23,638,340 ...
Read More »Grenada Government Could Reclaim Ownership Of Grenada Electric Company
By Linda Straker Grenada Correspondent ST. GEORGE’S, Grenada CMC – WRB Enterprises, the US-based owners of the Grenada Electricity Company (GRENLEC), says it intends to sell a majority share on the lone power company and is giving the Keith Mitchell ...
Read More »US Consortium Wins Bid For New Power Generating Plant
KINGSTON, Jamaica CMC – Azurest Cambridge, a United States consortium, has been selected as the preferred bidder for the new power generating plant to fulfill the mandate of bringing cheaper electricity to the country . The announcement, made by the ...
Read More »Chairman Resigns From Television Jamaica And RJR
KINGSTON, Jamaica CMC – Milton Samuda, the embattled chairman of the Board of Television Jamaica, has resigned, a few weeks after he was accused of engaging in censorship by restricting questions to be asked of two Olympians. Earlier this month, ...
Read More »New Book Tells How To Make Money Buying Real Estate In Non-traditional Way
PICKERING, Ontario – For tax sales that occur outside the GTA, visible minorities make up a small fraction of bidders. And even though many people of varying ethnicities view real estate as a good investment, prospective investors are still oblivious ...
Read More »Eastern Caribbean Central Bank Wants Tighter Controls Over Banking System In The Sub-region
CASTRIES, St. Lucia CMC – The Eastern Caribbean Monetary Council is considering a proposed amalgamation of the banks in the sub-region in order to create more efficiency and stability within the financial system. There are more than three dozen banks ...
Read More »T&T Government To Remove Fuel Subsidy To Caribbean Airlines
PORT OF SPAIN, Trinidad CMC – On Monday, the Trinidad and Tobago government announced that it would terminate its subsidy to state-owned Caribbean Airlines (CAL), ending an issue that had been heavily criticized by other regional governments. Finance Minister, Larry ...
Read More »TVJ Chairman Steps Down, Pending Outcome Of Investigation
KINGSTON, Jamaica CMC – Embattled chairman of the of the board of Television Jamaica Ltd. (TVJ), Milton Samuda, last Friday, temporary stepped down from his position pending the outcome of an investigation into allegations that he had engaged in censorship ...
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