Displaying items by tag: Caribbean

Bank of Baroda, Avenue of the Republic and Regent Street

Lower profits, stiffer laws force sale of foreign banks in Guyana, Caribbean

GEORGETOWN, Guyana, December 7, 2018 - The Canada-headquartered Scotiabank and India’s Bank of Baroda have decided to sell out their operations in Guyana and other Caribbean countries due to declining profits and tighter anti-financial crimes legislation, Finance Minister Winston Jordan said.

December 9, 2018
Published in Caribbean

Scotiabank managing director Stephen Bagnarol addresses reporters on the Republic Bank acquisition at its head office, Port of Spain yesterday

CARIBBEAN | Scotiabank says Caribbean Remains Important

PORT OF SPAIN, Trinidad — Scotiabank is not pulling out of the region insisted Scotiatbank's senior vice-president and head of the Caribbean South and East, Stephen Bagnarol yesterday. Instead, it has decided to focus on its core markets, where they have “size and scale.”

November 29, 2018
Published in Business & Economy

Prime Minister Andrew Holness and Finance Minister Dr. Nigel clarke sign a loan agreement with the IDB in Washington, for a $285 million contingent credit facility which will provide immediate financing during the emergency recovery phase after a sudden event. The loan was signed in the US capital, Washington DC on Monday, November 26, 2018.

Jamaica | Holness Signs $285-million contingent credit facility with IDB

WASHINGTON, DC, November 27, 2018 - Jamaica's Prime Minister Andrew Holness and his finance minister Dr. Nigel Clarke, yesterday signed a $285 million Contingent Credit Facility, with the Inter-American Development Bank, which will provide immediate financing during the emergency recovery phase in the event of a national disaster.

November 26, 2018
Published in Business & Economy

CARICOM | University of Glasgow to pay UWI £200 million in Reparations

KINGSTON– The movement demanding reparations for the manner in which Africans were enslaved and taken to Britain, Europe, the Americas and the Caribbean, creating great wealth for these countries at the expense of enslaved Africans has begun to pay benefits.

November 26, 2018
Published in local news

Minister within the Ministry of Public Infrastructure, Annette Ferguson and Minister of Aviation of Ghana, Joseph Kofi Adda signing the agreement, flanked by delegates and officials.

GUYANA, Ghana to explore airline services between Caribbean and Africa

DPI, Guyana, Friday, November 23, 2018 - Guyana and Ghana on Friday signed a bilateral air services agreement that could pave the way for direct flights between Ghana and Guyana once the two countries make the routes sufficiently attractive for low-cost airlines to get passengers.

November 23, 2018
Published in Tourism

Commissioner for Infrastructure and Energy of the African Union Commission, Dr. Amani Abou-Zied

CARICOM to discuss connecting Africa and the Caribbean via air transport

GEORGETOWN, November 21, 2018 - The examination and development of air links between the African continent and its diaspora in the Caribbean, will be among the topics to be explored at this week's International Civil Aviation Organisation (ICAO) air transport meeting at Georgetown in Guyana.

November 21, 2018
Published in CARICOM

CHINA | "The Belt and Road Initiative Looks East"

Over the past few months, a team from The Hague Centre for Strategic Studies (HCSS) has done an extensive study into China’s engagement with island nations in the Caribbean and the South Pacific, with a focus on geopolitical and governance-related ramifications.

October 31, 2018
Published in Business & Economy

Venezuelan President Nicolas Maduro warned against U.S. deceit in the region. | Photo: EFE

Venezuela Rebukes Pompeo on Chinese Investment in Caribbean, Latin America

Venezuelan President Nicolas Maduro condemned Friday the comments made by United States Secretary of State Mike Pompeo, who urged Latin America and Caribbean country's to be wary of Chinese investments in the region.

October 23, 2018
Published in Latin America

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