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Tag Archives: finance

  1. CDB President says Bank needs to double financing to the help the Region achieve Sustainable Development Goals

    New President of the Caribbean Development Bank (CDB), Dr Gene Leon, says the Bank’s current size may need to be revisited if it is to remain an effective partner for the Region in a changing and challenging global environment. He pointed to the predicted financing gap which will impinge on Caribbean countries’ efforts to meet […]

    July 10, 2021NatureNo comments
  2. CDB supports sweet potato value chain project

    Enhancing food security and agricultural productivity are at the root of a new project, which seeks to improve the production, processing and marketing of sweet potato in the Caribbean Region. A US$600,000-grant from the Caribbean Development Bank (CDB) to the Caribbean Agricultural Research and Development Institute (CARDI) will fund the research and capacity building initiative. […]

    April 2, 2021Agriculture, FeaturedNo comments
  3. Scotiabank joins Mastercard in the launch of the Priceless Planet Coalition in the Caribbean

    Scotiabank joins Mastercard on the expansion of the Priceless Planet Coalition to generate climate change awareness and impact across four Caribbean countries: Jamaica, Barbados, The Bahamas and the Dominican Republic. As part of the launch of this initiative, Scotiabank cardholders can contribute to different forestation initiatives through online purchases made with their ScotiaCard. This global […]

    March 25, 2021BusinessNo comments
  4. New President of The Barbados Bankers Association Inc.

    The Barbados Bankers Association (TBBA) announces the election of Mr. Anthony Clerk, Managing Director and Chief Executive Officer, Republic Bank (Barbados) Limited as its new President. In addition to providing leadership of the Association, as President, TBBA, Mr. Clerk will be its main spokesperson to communicate the banking industry’s perspective to government, regulators and stakeholders, […]

    March 21, 2021Business, FeaturedNo comments
  5. Statement from Prime Minister Mia Amor Mottley on passing of Sir Courtney Blackman

    Sir Courtney Blackman was, without doubt, a true Barbadian legend, patriot and pioneer, whose contribution to public life, anchored as founding Governor of the Central Bank of Barbados, was always aimed at the fostering of economic growth for the upliftment of all Barbadians. He lived for his country, whether at the helm of our premiere […]

    March 17, 2021Featured, PoliticalNo comments
  6. Tribute to Courtney Newlands Blackman from the CBB

    The Central Bank of Barbados confirms that Sir Courtney Blackman, the first and longest serving Governor of the Central Bank of Barbados, has died at the age of 88. Sir Courtney died in the United States of America where he had been living for more than 20 years. Reacting to news of his death, current […]

    March 17, 2021Breaking News, Events, FeaturedNo comments
  7. DR Central Bank: Year could end with 5-6% GDP growth

    Less tax revenues and more social spending during the Covid-19 pandemic have led to an increase in borrowing and consequentially in the national debt. The consolidated public debt closed in 2020 at about US$53 billion. Yet, the Dominican Republic’s Central Bank is bullish, their Dominican economy is gradually yet firmly recovering. The Central Bank released […]

    March 10, 2021Business, FeaturedNo comments
  8. Digital Currency Fintech company Bitt names Laurent Féral-Pierssens as new COO

    Bitt is pleased to announce the transition of Laurent Féral-Pierssens to the post of Chief Operations Officer. Laurent officially joins the Bitt executive management team after six months of serving the company as Strategic Advisor. As digital currencies are gaining popularity internationally, Bitt is seeing accelerating interest in its Digital Currency Management Solution (DCMS), fueled […]

    February 19, 2021BusinessNo comments
  9. Mastercard and Island Pay Launch World’s First Central Bank Digital Currency-Linked Card

    Bahamians just received even greater flexibility in how they shop and pay using the country’s digital currency, the first of its kind. Under a new program from Mastercard and Island Pay, the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods […]

    February 18, 2021BusinessNo comments
  10. LIONS CLUB AND CIBC FIRSTCARIBBEAN ADDRESS PAEDIATRIC CANCER

    The Lions Club of Christ Church West has taken on the mammoth task of addressing paediatric cancers. This from secretary of the club, Lion Marie-Stella Nicholls whose brainchild it was to take on a project to help raise funds for paediatric cancer patients. She explained this to Raymond Ward, Manager Business Development-Corporate Banking at CIBC […]

    January 20, 2021EventsNo comments
  11. EU disburses third Payment Tranche of EC$ 15.8 million to Montserrat

    The European Union continues to support to Government of Montserrat through the release of the third Payment of EC$15.8 million (EUR 4.90M) under the country’s Multi Sector Sustainable Economic Development Budget Support Programme. Inclusive in this payment is EC$3 million (EUR 900,000) immediate support to the Government of Montserrat in dealing with the impact of […]

    January 12, 2021PoliticalNo comments
  12. Difficult Conversations – Eating Meating

    The Economic Commission for Latin America and the Caribbean is predicting a 40% unemployment rate in Barbados in December 2020. To survive, many may need to learn how to make money stretch. Every evening, I eat a delightfully healthy, nutritious, and well satisfying meal with my family. I cook this meal myself, and each forkful […]

    December 26, 2020AgricultureNo comments
  13. CIBC FIRSTCARIBBEAN HELPS ENTREPRENEURS THROUGH ‘CHERRY TREE TRUST’

    For about nine years, Charmaine London has been operating a jewelry-making supplies shop in an air-conditioned container along Bank Hall Main Road, St. Michael. London, who graduated from the Barbados Community College with an associate degree in graphic design, started out making and selling souvenirs to local shops. But she said that venture was not […]

    December 25, 2020EventsNo comments
  14. Sustainable recovery underway despite challenging year, Fortress reports

    In a year described as “challenging” and “volatile” with “mixed returns” in some funds, Fortress Fund Managers (FFM) has generated solid returns for investors. Investment Director Roger Cave made this assessment in the leading fund manager’s 2020 Annual Reports for the Fortress Caribbean High Interest Fund, the Fortress Caribbean Growth Fund, and the Fortress Caribbean […]

    December 23, 2020BusinessNo comments
  15. BRITISH OVERSEAS TERRITORIES COMMIT TO PUBLISHING FURTHER INFORMATION ON COMPANY OWNERSHIP IN MAJOR ANTI-CORRUPTION MOVE

    Britain has published draft legislation which sets out the minimum it expects to see from British Overseas Territories when they publish the owners of companies registered there. The legislation – which is supported by the Overseas Territories themselves – will improve corporate transparency and deter illicit finance. The introduction of publicly accessible registers of who […]

    December 22, 2020PoliticalNo comments
  16. CIBC FIRSTCARIBBEAN AND PRINCE’S TRUST INTERNATIONAL SIGN A FIVE-YEAR MOU

    CIBC FirstCaribbean and Prince’s Trust International have signed a Memorandum of Understanding that will see the bank supporting the work of the Trust in the region to uplift and empower young people over the next five years. During a virtual signing ceremony last Friday, the bank’s Chief Executive Officer and Chair of its charitable arm, […]

    December 8, 2020EventsNo comments
  17. Positive returns for Fortress Funds in third quarter of 2020

    Fortress Fund Managers has reported gains across all of its Barbados dollar funds for the third quarter of 2020. This was as “gradual healing” in global financial markets continued in the wake of the COVID-19 pandemic. The leading fund manager made this announcement in its September 2020 quarterly report, recently shared with its investors. Fortress […]

    November 25, 2020Business1 comment
  18. CIBC FIRSTCARIBBEAN ASSISTS CARIBBEAN ANTI-HUMAN TRAFFICKING FOUNDATION

    Closed borders and the difficulties of travel due to the COVID-19 pandemic have resulted in a number of people being stranded in Barbados and around the world, some without food, basic medicines and the means by which they can return to their homeland. Most of these people are often exploited; some may even have been […]

    November 24, 2020EventsNo comments
  19. Medici Ventures Makes Additional $8 Million Equity Purchase in Bitt Inc.

    Medici Ventures, the wholly owned blockchain-focused subsidiary of Overstock.com, Inc. recently announced an $8 million equity purchase in Bitt, its Barbados-based keiretsu company. The additional equity will enable Bitt to pursue market opportunities that accelerate the adoption of digital currencies in developing countries. This transaction gives Medici Ventures a controlling interest in Bitt. Bitt was […]

    November 11, 2020Business, FeaturedNo comments
  20. CIBC FIRSTCARIBBEAN ANNOUNCES WINNERS OF REGIONAL UNSUNG FRONTLINE HEROES INITIATIVE

    A 32-year old Registered Nurse tending to COVID-19 patients at a hospital Intensive Care Unit in both Curaçao and St. Maarten, who later contracted the virus himself, is among regional winners in this year’s inaugural Unsung Frontline Heroes initiative. The programme, designed by CIBC FirstCaribbean through its ComTrust Foundation to unearth the work of persons […]

    October 28, 2020Breaking News, Featured, Health1 comment
  21. Digital transformation survey from the CBB

    The CBB wants to hear from you. Take their short (three questions) digital transformation survey and then watch the Caribbean Economic Forum on Tuesday, October 27 at 8:00 p.m.

    October 22, 2020Business, Photo GalleryNo comments
  22. FCIB LENDS ASSISTANCE TO GET BACK TO SCHOOL

    The Salvation Army’s Division Youth and Candidate Secretary, Captain Monesha Broome is urging parents to look for creative ways to help their children cope with the school/life challenges associated with the COVID-19 pandemic. Captain Broome who was addressing the presentation ceremony for the Salvation Army’s Back-To-School Programme recently, noted that this year was one of […]

    September 29, 2020EducationNo comments
  23. Five Leading Women to Tackle Psycho-Social Challenges of COVID-19

    Employees in the financial services sector can weigh in on how they are coping with and managing the stresses and challenges that COVID 19 has presented. They can join the conversation on what is needed to ensure that they, their colleagues and their customers can respond to the disruption to their lives and livelihoods when […]

    September 22, 2020HealthNo comments
  24. Caribbean People to Talk About Just How We Rebuild Regional Economies Post COVID

    Four international economists will help us to reimagine our post-COVID-19 Caribbean economies and societies. The Central Bank of Barbados has assembled four economists with different specialties in policy, the environment, global finance, and education to address the topic “Adjusting to the Post -COVID-19 Economy” on Tuesday, September 22 at 8:00 p.m. EST (7:00 p.m. in […]

    September 13, 2020BusinessNo comments
  25. 1STCARIBBEAN’S ‘WALK FOR THE CURE’ GOES VIRTUAL IN ITS 9th YEAR

    The region’s largest cancer fundraiser, CIBC FirstCaribbean’s Walk for the Cure, is going virtual this year and hoping to attract even more numbers. He noted that plans are already being rolled out across the region for the virtual event, which will see the usual fundraising and pre-walk activities in each territory taking place online and […]

    September 9, 2020Featured, HealthNo comments