Newsline Business (March 13)

Newsline Business (March 13)

Republic Financial Holdings Ltd on Wednesday announced the acquisition of the majority interest in the Cayman National Corporation Ltd at a cost of 198.4 million US dollars. A statement from Republic Financial Holdings said the transaction comprised the purchase of 74.99 per cent of the issued shares in CNC, at...

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Newsline Business (March 6)

Newsline Business (March 6)

The St. Kitts-based Eastern Caribbean Central Bank has signed a contract with the Barbados-based Fintech company, Bitt Inc. to conduct a blockchain-issued Central Bank Digital Currency pilot within the Eastern Caribbean Currency Union. The ECCB says the agreement was signed late last month and that the pilot project is the...

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Newsline Business (February 27)

Newsline Business (February 27)

The Central Bank of Jamaica says it has reached an ideal level of its Net International reserves. And therefore there is no need for an increase. Co-Chair of the Economic Programme Oversight Committee, Keith Duncan says future increases will depend on demand. *** Guyana is turning to South Africa for...

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Newsline Business (February 20)

Newsline Business (February 20)

Jamaica’s Central Government debt increased by $2.3 million between March the December last year. The Fiscal Policy Paper tabled in parliament recently says this increase was due to a rise in external debt stock, caused by the depreciation of the Jamaican dollar. Meanwhile Jamaica’s entertainment sector contributed 71 billion dollars...

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Caribbean Newsline (October 3)

Caribbean Newsline (October 3)

In the headlines: EC dollar remains strong Bahamas offers medical aid to Dominica China donates to Barbuda hurricane relief T&T Opposition leader calls recent budget a “bankrupt budget” Barbados’ Finance Minister not ‘duly’ concerned by recent downgrade   Watch the full update here.

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