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 […]
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 […]
Oil prices soared today, with Brent crude approaching US$60 a barrel, its highest in more than two years. Traders say there is stronger-than-anticipated demand and cuts in supply as Opec producers have reduced bloated inventories. The threat by Turkish president Recep Tayyip Erdogan to ‘”close the valves” on oil exports from Iraq’s Kurdish regions because […]
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 […]
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 […]
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 […]
The number of shareholders coming out and publicly rejecting Ansa Coating International Limited’s offer to purchase the ordinary shares in Berger Paints Jamaica Limited, now held by minority shareholders is growing. Mayberry Investments Limited, noted financial analyst John Jackson, Sagicor Investments, a subsidiary of Sagicor Group which controls more than 10 percent of Berger Paints […]
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 […]
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 […]