Tag Archives: shares

  1. 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
  2. Strong Performance for Fortress Funds in fourth quarter of 2020

    Fortress Fund Managers posted one of its strongest-ever performances in the fourth quarter of 2020 as world equity markets continued their recovery from a turbulent year, reminding investors that a focus on the long-term and diversification remain essential. The leading fund manager reported that its global equity investments led the way during the quarter, with […]

    January 31, 2021BusinessNo comments
  3. 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
  4. Strong finish to a strong year for Fortress Fund Managers

    Leading fund manager Fortress Fund Managers achieved “a strong finish to a strong year” across its suite of Barbados and US dollar funds in 2019. In its fourth quarter report shared recently with investors, Fortress highlighted success in its three Barbados dollar funds, the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and […]

    February 17, 2020BusinessNo comments
  5. Fortress Fund Managers reports 2019 a good year for investors so far

    A leading fund manager, Fortress Fund Managers, is reporting that 2019 has been a good year for investors so far, with its equity investments holding steady and bonds showing some gains at the end of its third quarter, in spite of “a noisy summer” in the investment world which pushed markets “alternately up and down”. […]

    November 19, 2019BusinessNo comments

    Republic Financial Holdings Limited (RFHL) and its subsidiaries recorded profit attributable to shareholders of the parent of US$117.3 million for the period ended March 31, 2019. This figure was impacted by two significant one-off items, the net impact of which positively increased profits by US$13.9 million. Firstly, the bank in Trinidad and Tobago amended the […]

    May 3, 2019Business, FeaturedNo comments
  7. Royal Fidelity Management Buyout: What Bajans Need To Know

    Royal Fidelity Merchant Bank & Trust Limited announced as a result of a management led buyout, RF Holdings Limited (“RF Holdings“) a newly formed Bahamian holding company, has agreed to acquire 100% of its issued and outstanding shares that were previously held on a 50/50 basis by RBC Royal Bank of Canada and Fidelity Bank […]

    February 6, 2019Business, FeaturedNo comments
  8. Investors to Receive Interest Payments by January 11th

    The Central Bank of Barbados advises that there has been a delay in making interest payments due on December 31, 2018 to some holders of Government Securities. The Bank anticipates that all payments should be received by Friday, January 11, 2019. “We apologise for the delay that persons have been experiencing in receiving their interest,” […]

    January 8, 2019BusinessNo comments
  9. Medici Ventures Exercises Option for Additional $3 Million Investment in

    Medici Ventures, announces the exercise of an option to purchase additional ownership interest in, the Caribbean’s blockchain-based digital payment provider. Medici Ventures will increase its ownership stake in Bitt’s total Class A and B common shares by 8.6% in exchange for $3M in additional funding. Bitt is a Barbados-based financial technology company founded in […]

    March 12, 2018Breaking News, Business, FeaturedNo comments

    Regional and International investors now have greater investment options with the listing of Productive Business Solutions Limited (PBS), the parent of the PBS group of companies, on the Barbados and Jamaica Stock Exchanges. PBS, an international business company incorporated and licensed under the laws of Barbados, was welcomed to the International Securities Market (ISM) by […]

    November 6, 2017Breaking News, Business, FeaturedNo comments

    (EDITOR’s NOTE; This is what happens when you try to do a blanket sponsor of an event with many countries or components – people are likely to whisper behind your back that you’re no less than Jean & Dinah, Rosita and Clementina and why you don’t go and hang a shingle along Bush Hill by […]

    August 29, 2017Breaking News, Cricket, FeaturedNo comments
  12. Digicel Founder’s Fingers in Pie of New Telecoms Operator

    Irish business magnate Denis O’Brien, founder and chairman of telecommunications provider Digicel, is behind the St Lucia-based subsea cable operator Deep Blue Cable that has announced plans to operate a fibre-optic cable network that will provide connectivity across the Caribbean. Deep Blue Chief Executive Officer Stephen Scott confirmed O’Brien’s involvement to the Jamaica Gleaner newspaper, […]

    August 21, 2017Breaking News, Featured, TechnologyNo comments

    Barbados National Oil Company Ltd. (BNOCL) confirmed they signed an Agreement with the SOL Group for the sale of the shares of its subsidiary, Barbados National Terminal Company Limited (BNTCL). Consumers will continue to access product at their regular sources as before. Prices at the pumps will only change in accordance with the price of […]

    January 11, 2017Breaking News, Business, FeaturedNo comments
  14. Republic Financial Holdings Limited (RFHL) Now Owns 70% of Republic Bank (Grenada) Limited (RBGL)

    Republic Financial Holdings Limited (RFHL) has announced its acquisition of an additional 19% shareholding in Republic Bank (Grenada) Limited (RBGL), moving its shareholding to 70%. This comes further to the Notices published on May 6, 2016 and June 10, 2016, advising of the opening and subsequent extension of the Offer Period for RFHL to acquire […]

    July 10, 2016BusinessNo comments
  15. No job losses expected as BHL falls under the possession of AmBev

    The new owner of Banks Holdings Limited is seeking to allay public and possible staff concerns if AmBev’s latest acquisition would create more unemployment in a country seeing double digit figures in the job market for almost the last five years… Newly installed Chairman Marcio Juliano held a media familiarisation at the Hilton Barbados on […]

    December 20, 2015BusinessNo comments
  16. ICBL Poised to Finish 2015 Strong – Encouraging Signs Being Seen for 2016

    ICBL (The Insurance Corporation of Barbados Limited) is poised to finish the year strongly, supporting recent arguments that there are signs of improvement being seen in the Barbados economy. In its nine month report for the period ended September 30, 2015, ICBL reported positive results in a number of key areas, in particular shareholder income […]

    December 17, 2015BusinessNo comments
  17. ANSA McAL, ignominious in defeat?

    Despite the fact how many Bajans seem to view the move as being vindictive in defeat – Trinidadian giant ANSA McAL continues to wait on the Supreme Court of Barbados before making its next move, after spending 10’s of millions of dollars in their attempt to become the owners of Banks Holdings Limited (BHL) . […]

    December 13, 2015Business, FeaturedNo comments
  18. Who has a bigger d**k? ANSA McAL INCREASES B.H.L OFFER TO $7.20

    ANSA Mc AL (Barbados) Limited upped the ante yet again for shareholders of Banks Holding Limited (BHL) by making a bid to purchase 100 percent of the issued Common shares in BHL at an upwardly revised BBD $7.20. This amended unconditional offer represents an increase of 20 cents over the last offer announced by ANSA […]

    December 6, 2015BusinessNo comments

    ANSA McAL Limited (ANSA McAL) is advising all shareholders of Banks Holding Limited (BHL) of its intention to amend its offer to purchase 100 percent of the issued Common shares in Banks Holdings Limited (BHL) to BBD $7.00. This amended offer represents an increase of $1 over the last offer made by ANSA McAL on […]

    November 22, 2015Breaking News, Business, FeaturedNo comments

    ANSA McAL (Barbados) Limited will be appealing the Courts’ decision last Friday to lift the injunction that blocked trading of shares and bidding for control of Banks Holdings Limited. President, CEO of ANSA McAL (Barbados) Limited. Most of the BHL shareholders who intend to join with ANSA McAL in the class action suit have shareholding […]

    November 18, 2015Breaking News, Business, FeaturedNo comments
  21. FLOW gets yet another new owner

    Lime then Flow, now Liberty? It’s official – Cable & Wireless Communications (CWC), the company which trades here as FLOW, has been bought by John Malone’s Liberty Global Plc in a cash-and-stock transaction valued at 3.5 billion pounds (US$5.3 billion), extending the US billionaire’s European cable empire deeper into Latin America and the Caribbean with […]

    November 17, 2015Breaking News, Business, FeaturedNo comments

    If Ansa McAL succeeds in bringing Banks Holdings Limited into its vast protfolio of local and ragional businesses, it will cost the conglomerate over 400 million dollars. Mouttet said his group was very keen to avoid any unnecessary delays in the takeover process and had requested of the court a short interim injunction period and […]

    November 8, 2015Business, FeaturedNo comments
  23. Digicel has decided not to proceed with its planned IPO at this time

    Despite significant support for the IPO from a high quality group of investors during the marketing period, current conditions, particularly in emerging markets, have impacted transaction momentum over recent days. “Digicel is now at a key juncture in our growth story following a $1.5 billion investment programme over the past three years; we generate strong […]

    October 11, 2015Business, FeaturedNo comments

    Digicel has entered into a Share Purchase Agreement with respect to the sale of its 75% stake in Digicel Asian Holdings Pte Ltd., the parent of Digicel Myanmar Tower Company Limited, to the Edotco Group Sdn Bhd. Closing of the sale is currently expected to occur by November 30, 2015, and the closing is conditional […]

    October 7, 2015BusinessNo comments
  25. ICBL Reports Strong Position at Half Year Mark – Shareholders Seeing Increased Returns

    Shareholders and customers of the Insurance Corporation of Barbados Limited (ICBL) can certainly feel confident that their financial investment is sound and policies soundly backed, according to the leading insurance company’s latest unaudited, half year financial statements. In its six month report for the period ended June 30, 2015, ICBL noted that it had seen […]

    September 24, 2015BusinessNo comments