Home Businessuite News24

Businessuite News24

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

International rating agency Standard Poor’s (S&P) this week downgraded Barbados for the second time in six months, lowering its long-term local currency rating from CCC+ to CCC. In giving the rating a negative outlook, S&P said this reflected the potential for a downgrade over the next 12 months should the Government fail to advance measures […]

T&T Can Earn Much-Needed Foreign Exchange Selling More Natural Gas To Europe – Biesebroek

T&T Can Earn Much-Needed Foreign Exchange Selling More Natural Gas To Europe – Biesebroek

The head of the European Union Delegation to Port of Spain, Ambassador Arend Aad Biesebroek, is recommending that the Trinidad & Tobago Government and the private sector accelerate renewable energy usage, to help mitigate the effects of climate change, while earning much-needed foreign exchange selling more natural gas to Europe. Speaking in Port of Spain […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

JMMB Bank CEO Jerome Smalling Accelerating Rate Of Customer Acquisition With Aggressive Push

The JMMB Group has embarked on a 2017/2018 strategic focus to improve sales productivity and capacity while increasing client reach, this as it moves to position itself as a stronger player in the Jamaican commercial banking space by 2020. JMMB Group plans to target nearly three-quarters of small and medium-sized enterprises that rely on financing […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Tourism Ministry To Roll Out Initiatives To Diversify Tourism Product Through Five Linkages Networks – Bartlett

Minister of Tourism Edmund Bartlett, has indicated that his Ministry will continue to roll out initiatives to diversify the tourism product through the five Linkages Networks – Gastronomy, Health and Wellness, Sports and Entertainment, Knowledge, and Shopping – to attract more visitors to the island as well as generate additional earnings.He added that while encouraging […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Barbadians Warned To Brace For More Hardships – Dukharan

The Chief Economist for Bitt Inc, Marla Dukharan, is warning Barbadians to brace for more hardships, given the likelihood that the Government will miss its fiscal targets and that the island’s overall economic performance will be weaker than expected this year. She issued the grim assessment in response to the latest country risk report prepared […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Tourism Continues To Be The Main Engine Of Economic Growth

Jamaica’s Prime Minister Andrew Holness has indicated that tourism continues to be the main engine of economic growth, providing indirect employment for one in every four people in the linked sectors. These include agriculture, the creative and cultural industries, entertainment, manufacturing, transportation, finance and insurance, electricity and water, and construction. In 2016, the hotels and […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Government Should Lower Jamaican Dollar Reserve Requirements To Facilitate Further Decreases In Interest Rates – Holness

President of the Jamaica Bankers Association Nigel Holness, is proposing that the Government consider lower the Jamaican dollar reserve requirements to facilitate further decreases in interest rates. Mr. Holness argues that lowering of the reserve requirement would release much-needed Jamaican dollar liquidity into the lending pool for productive loans, thus having a direct impact on […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Peter Moses Now Chairman of FGB as Douglas Orane Retires

Kingston, Jamaica September 20, 2017] GraceKennedy Limited has announced the retirement of Mr Douglas Orane from the Board of Directors of its subsidiary First Global Bank Ltd. after serving as its Chairman from April 2001. This became effective on September 19. Mr Orane had indicated to Don Wehby, Group CEO, his intention to step down […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

The Logistics Is Here. It’s Not Something That Is Coming. It’s Already Here – Pinnock

Executive Director, Caribbean Maritime Institute (CMI), Dr. Fritz Pinnock, says the Logistics Hub programme will have numerous benefits for Jamaicans, especially in providing jobs for the unemployed and vulnerable youth. The Logistics Hub is a government-backed programme to establish Jamaica as the premier logistics node within the Americas, to capitalise on the trade and business […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Anya Schnoor Promoted To Executive Vice-President, Retail Payments, Deposits And Unsecured Lending For Canadian Banking

Anya Schnoor currently Managing Director of Scotiabank Trinidad and Tobago Limited, and Senior Vice President and Head of the Caribbean South and East has been promoted to Executive Vice-President, retail payments, deposits and unsecured lending for Canadian banking. Scotiabank announced Schnoor’s promotion on Tuesday with her appointment taking effect after November 1 and once a […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months