DIGICEL now has until the end of this month to formalise a restructuring agreement with creditors, which would “recapitalise the business and place it on a firm and sustainable footing for the future”….
Category: Business & Economy
Business social – April 5
On March 28, Red Stripe hosted the official launch of its $2.2-billion Cellars Expansion for beer production (CERS) Project and its newly renovated corporate office affectionately known as Red Stripe House. CERS marks…
Guyana Gov’t explains delay in final audit on ExxonMobil’s expenses
GEORGETOWN, Guyana (CMC) — The Guyana Revenue Authority (GRA) has defended its decision regarding the prolonged delay in releasing the findings of an audit that allegedly found more than US$200 million in questionable…
Business social
GK General Insurance (GKGI) in partnership with their parent brand, the GraceKennedy Financial Group (GKFG), and sister company First Global Bank had the opportunity to host several special guests in their Hospitality Skybox…
CBTT maintains repo rate
The Central Bank of Trinidad a nd Tobago (CBTT) is holding its repo rate at 3.5 per cent going into a third-straight year despite the International Monetary Fund (IMF) urging it to consider…
Warm and welcoming
Employees at the newly renovated Chukka Caribbean Adventures-managed Harrison’s Cave Eco-Adventure Park all agree that the polite and inviting nature of locals in Barbados is possibly the number one reason for the high…
Scotia Investments raises $250 million for CAC 2000
Scotia Investments Jamaica Limited (SIJL) recently led the successful raise of approximately $250 million to refinance maturing preference shares for air-conditioning and energy solutions provider CAC 2000 Limited. Senior manager of investment banking…
To counter China, US trade rep seeks closer ties to allies
WASHINGTON (AP): THE JOE Biden administration is pressing its case for a new approach to global trade, arguing that America’s traditional reliance on promoting free trade pacts failed to anticipate China’s brass-knuckled brand…
Stocks dip, yields drop on latest signs of slowing economy
NEW YORK (AP): STOCKS WERE dipping on Wall Street yesterday, and Treasury yields were dropping following the latest signals that the United States economy is slowing under the weight of much higher interest…
Geophysx hunts rare earth minerals, outside partners
MINING START-UP Geophysx, which holds some 70 licences to explore for copper, zinc, gold, and rare earth minerals, will seek two partners to augment its new drilling projects. The partnerships will serve as…