The Government of Jamaica (GOJ) is collaborating with a number of multilateral financial institutions and partners to beef up the country’s resilience to extreme climate events. Working with the Inter-American Development Bank (IDB),…
Category: Business & Economy
Scotia one of the most efficient banking groups, says NCB Capital
Investment bank and brokerage NCB Capital Markets Limited has issued analysis showing that rival commercial bank Scotia Group Jamaica generally operates more efficiently than its peers, including its own parent, NCB Financial Group….
Banks warned as trade-based money laundering proliferates
Richard Serrano, a retired IRS-Criminal Investigation special agent who is currently the interim head of investigations at Citibank, says the nature of cargo movement allows age-old trade-based money laundering to proliferate, and that…
Exxon Mobil doubles down on fossil fuels with US$59b deal for Pioneer Natural
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including…
UPDATE: Select Brands, Stansfeld Scott partner to acquire Stone’s Ginger Wine
Ringtail International Inc, an equal joint venture between Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone’s Ginger Wine, with expectations to…
Select Brands, Stansfeld Scott partner to acquire Stone’s Ginger Wine
Ringtail International Inc, an equal joint venture between Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone’s Ginger Wine, with expectations to…
No borrowing for beneficial ownership delinquents, says COJ head
Shellie Leon, acting CEO of the Companies Office of Jamaica, says recent amendments to the Companies Act have introduced fines which penalise companies that fail to make an annual return for beneficial owners…
JN Bank restructures real estate portfolio with Eppley deal
JN Bank Limited has sold 22 buildings-covering 267,000 square feet-for $4.55 billion to Eppley Caribbean Property Fund Limited SCC and the Caribbean Mezzanine Fund II (CMF II), as it becomes the latest financial…
Vintage deal
RINGTAIL International, a 50-50 joint venture company owned by Jamaica-based Select Brands and Stansfeld Scott Inc of Barbados, announced Monday that it has entered into a definitive agreement with Australia-based Accolade Wines to…
Lee-Chin triumphs in dispute with Dominican Republic
Jamaican businessman and investor Michael Lee-Chin has been awarded more than US$43 million in an investment dispute with the Dominican Republic. Lee-Chin obtained a final award from a UNCITRAL Arbitral Tribunal in the…