Business

World Bank appoints new country manager for Haiti

The World Bank has appointed Laurent Msellati, a French national, as its new country manager for Haiti, effective April 1, 2021.

$600-M PULSE

Pulse Investments Limited recently completed its acquisition of Villa Ronai, a nine-acre estate located in Stony Hill, St Andrew, in a transaction valued at $600 million.As part of that transaction the company also secured $1.2 billion in new financing.

JCSD launches platform to help companies stage virtual AGMs

Jamaica Central Securities Depository Limited (JCSD), in partnership with AppFinity Technologies Limited (AppFinity), has launched E-AGM, an online platform to facilitate listed companies hosting virtual or hybrid annual general meetings (AGMs).

Scotia appoints new SVP of corporate and commercial banking

Scotiabank has announced the appointment of career banker Morris Nelson to the post of senior vice-president (SVP) of corporate and commercial banking.

Bahamas' external reserves down to B$2.2 billion

The Central Bank of The Bahamas (CBOB) is reporting that external reserves dropped by B$62.8 million to B$2.2 billion last month, following the expected trend laid out by its governor over the course of the novel coronavirus...

Unilever Caribbean posts TT$18.6 million net profit for 2020

After an expensive restructuring of its home-care portfolio in 2019, Unilever Caribbean Limited returned to a profitable path as it recorded a net profit of TT$18.6 million ($399 million) for its 2020 financial year (FY) ending December 31, compared to a TT$75.9 million...

Major economies support US$650-billion boost in IMF resources

WASHINGTON, DC, United States (AP) — Finance officials of the world's major economies yesterday agreed on a proposal to boost the resources of the International Monetary Fund (IMF) by US$650 billion as a way to provide more support to vulnerable countries struggling to deal with a...

Target to spend more than $2 billion at black-owned businesses

NEW YORK, United States (AP) — Target will spend a total of more than $2 billion at black-owned businesses by 2025 as part of its effort to advance racial equity.

Resumption of cruise tourism expected in August

As the local economy continues to recover from the fallout caused by the novel coronavirus pandemic, the tourism sector, which is one of the most severely affected, is now finalising plans to homeport a cruise vessel from the Norwegian Cruise Line company ahead of the resumption of...

BOJ authorises resumption of dividend payment

The Bank of Jamaica (BOJ), following a recent meeting with the representatives of financial holding company designates (FHC) and deposit taking institutions (DTIs), has agreed to the resumption of dividend declarations and distributions from these...

JN Fund Managers raises $1.4 billion in capital market

JN Fund Managers Limited has successfully raised $1.4 billion with the issue of two fixed rate notes to a combination of institutional and accredited investors in the local capital market.

IMF in favour of global minimum corporate tax: official

WASHINGTON, United States (AFP) — The International Monetary Fund's (IMF) top economist yesterday said the fund has long supported a global minimum corporate tax, after US Treasury Secretary Janet Yellen called on G20 countries to adopt one.

MATTHEW HALL — ANALYSE THAT

Some people shudder when they hear the word coding, and others are not sure how to explain data analytics. But for Matthew Hall, his cool and calm demeanour masks how passionate and knowledgeable he is as he explains the ins and outs of software development. During an...

Excessive risk-taking making stocks overvalued: IMF

WASHINGTON, United States (AFP) — Massive government aid has provided liquidity to support economies during the novel coronavirus pandemic, but also caused stock prices to surge beyond their value, the International Monetary Fund (IMF) cautioned yesterday.

Way out of COVID-19 economic crisis increasingly visible – IMF

WASHINGTON, USA (AP) — The roll-out of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund (IMF) says in its latest...