Lee Chin to redeem US$19m AIC bonds

AIC Barbados Limited has signalled its intention to redeem another US$19 million owed to bondholders but is not disclosing the source of the cash for the payment.The final US$60 million should be redeemed within another 16 months....

US$20 million bond placement

Trinidad Cement Limited has overshot by more than US$10 million agreed limits on its short term borrowings, but has secured the forgiveness of its creditors in anticipation of the cement maker getting back on track with its...

Weather centre project to reduce farm risks

A project is on the drawing board to install weather stations at several locations across Jamaica, and train persons to use them, with the aim of providing early warning to farmers and planning authorities on impending storms, floods and droughts....

Caribbean Cement suspends production twice in three months

Caribbean Cement Company Limited has announced a shutdown of production for the second time this year - the first as safeguard against damage from civil unrest, the second due to an underperforming market.The company, which now has four months ...

Three tax depts to merge

The tax reform project, due to be wrapped up next, will separate the systems for domestic taxes and those linked to international trade, while three tax departments are slated to merge.Under the Tax Administration Reform Project, ongoing since January...

AirTAC licence challenged

Christopher Reid of Jamaica Air Shuttle has raised an objection with the Jamaica Civil Aviation Authority on plans by a rival Turks and Caicos carrier to service certain Caribbean routes that it also plans to fly....

Global Gateways expands

Global Gateways Solutions, provider of back-office customer service and collections services is adding 100 workers to service expanded contracts.Operations manager O'Neil Brown, said the call centre company which started with 15 workers and one client...

Credit union competing on price for mortgage business

First Regional Co-operative Credit Union (FRCCU) is bucking the trend of home-loan providers, holding mortgage rates firm despite interest rates on bank loans heading south.First Regional, with 10 locations spread over two parishes - St Mary and St Ann...

Ellington interim head of News Talk

Veteran broadcaster and lecturer at the University of the West Indies (UWI), Fae Ellington, has been appointed interim manager of the Universal Media Company which operates News Talk 93 FM.

Mining and oil boom propels investment in Colombia

Security gains and capitalist-friendly investment rules are spurring an unprecedented mining and oil boom in Colombia, a pro-business outpost on an increasingly leftist continent.Investors are deeming...

New banana plan

The Dominica government on Monday outlined a new package of assistance, amounting over time to about EC$4 million, to help revitalise the banana industry as well as the agricultural sector.To start, the Agricultural Industrial...

Venezuela, Trinidad sign off on energy-sharing pact

Trinidad and Tobago and Venezuela have signed off on the terms of a new pact for the exploration of hydrocarbon reserves in their waters, an agreement that Port-of-Spain trumpets as opening "new doors...

Capeco files for bankruptcy

Caribbean Petroleum Corp (Capeeco) has filed for bankruptcy protection nearly a year after the tanks at its fuel depot exploded, forcing the evacuation of hundreds of people.The company has at least US$500 million in debt and seeks to sell all its...

Making a wise career choice

What if you graduated from the University of the West Indies (UWI) or University of Technology with a Bachelor of Arts degree and 18 months later were still unable to find a job?

Potash rejects BHP Billiton bid as undervalued

Canadian fertiliser producer Potash Corp of Saskatchewan Inc said on Tuesday it has rejected an unsolicited takeover bid from BHP Billiton Limited, worth about US$38.49 billion, as "grossly inadequate."...

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