After near 13 years at the helm of the National Export-Import Bank (EXIM), seasoned banker and Managing Director Lisa Bell will step down from duties at the end of April. Bell, who has…
Category: Business & Economy
Buffett’s firm ups stakes in Japanese trading houses
OMAHA, Nebraska (AP): BILLIONAIRE WARREN Buffett’s company has increased its investments in five major Japanese trading houses to give Berkshire Hathaway control of 7.4 per cent of each of those conglomerates. Buffett disclosed…
OECS member states to benefit from study tour of Dominica
ROSEAU, Dominica (CMC): GRENADA, ST VINCENT and the Grenadines, and St Kitts and Nevis are expected to benefit from a three-day study tour of Dominica’s geothermal energy project as part of the efforts…
Kaya generates US$2.2 million in year
KAYA GROUP, one of the largest ganja chains on the island, generated US$2.2 million ($330 million) for its December 2022 year end, or 25 per cent higher year on year with details emerging…
Guyana leads CARICOM countries in economic growth for 2023
WASHINGTON (CMC): GUYANA IS expected to record the highest growth among Caribbean Community (CARICOM) countries this year, while Haiti will record under one per cent growth in 2023, according to the latest World…
Swiss lawmakers pick apart Credit Suisse woes ahead of deal
GENEVA (AP): SWITZERLAND’S PARLIAMENT opened a special session yesterday to scrutinise the state-imposed takeover of Swiss bank Credit Suisse by rival UBS – and consider strengthening the legal arsenal to better gird against…
Pension plans reclassified according to risk profile
THE FINANCIAL Services Commission (FSC) indicates that it has concluded a reclassification exercise for Jamaican private pension plans, with changes based on specific plan benefit type and in line with Organization for Economic…
Music firm wants to cross-list on JSE
MUSIC LICENSING Inc, a small US-based music rights firm with a big catalogue, wants to cross-list on the Jamaica Stock Exchange, JSE, while adding Jamaican music to its repertoire. The company has informed…
EXIM Bank managing director stepping away
MANAGING DIRECTOR at the National Export-Import (EXIM) Bank, Lisa Bell, is stepping down from her post on April 30, 2023. Bell has been at the helm of the state finance agency for 13…
Bank of Japan’s new head says banks stable
TOKYO (AP): The new governor of Japan’s central bank signalled on Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Bank of…