FirstCaribbean International Bank has announced the appointment of Clovis Metcalfe, a 35 year veteran of the bank, to the role of Managing Director in Jamaica. Clovis, replaces current MD, Milton Brady, who has been appointed to FirstCaribbean’s Executive Management Committee as Managing Director, Corporate Investment Banking. Metcalfe’s appointment took effect from January 1st 2009. As [...]

As 2009 opens, experienced business professionals will meet future business leaders in The Bahamas for four days of dialogue and professional development.  From January 4 to 7, the Caribbean Business Clubs of Harvard Business School and the Wharton School of the University of Pennsylvania will host the 7th Annual Caribbean MBA Conference in Nassau. The [...]

Crime and theft were cited as the most problematic factors for doing business in Guyana, Jamaica and Trinidad and Tobago in the 2008-2009 Global Competitiveness Report published by the independent World Economic Forum. By contrast Caribbean Community (CARICOM) partner Barbados ranked inefficient government bureaucracy and Latin neighbour Colombia faced with protracted drug and leftist anti-government [...]

IMF Managing Director Dominique Strauss-Kahn has welcomed the $700 billion US bail-out package to address the crisis which has seen the collapse of major private financial institutions.  “It is rather urgent to find a solution for this systemic crisis,” Strauss-Kahn said in an interview with Frankfurter Allgemeine Zeitung to be published Wednesday. “In that regard, we [...]

Barbados International Trade Centre. Barbados’ generally open trade and investment regime, and its close integration into the world economy has helped it maintain some of the highest per capita incomes and human development indicators among developing countries, according to a WTO Secretariat report on the trade policies and practices of the island. The report shows [...]

Grenreal Property Corporation Limited Monday became the 14th equity to be listed on the Eastern Caribbean Securities Exchange (ECSE). The listing ceremony took take place at the Esplanade Mall in St Georges, Grenada. The shares of the company, which will be known in the market by its trading symbol, GPCL, will become available for trading [...]

The Government of St Vincent and the Grenadines’ 91-day, EC$16.0 million Eastern Caribbean dollars Treasury bill issue, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), was oversubscribed by EC$8.225 million. Licensed intermediaries placed a total of 16 bids, ranging from $75,000 to $8.22 million [...]

Coming soon to a PC near you – news entertainment and more. The global entertainment and media industry is experiencing sustained growth and will increase at a 6.4 per cent compound annual growth rate to US$2 trillion in 2011, according to PricewaterhouseCoopers Global Entertainment and Media Outlook 2007-2011. The report maintains the Internet, TV distribution [...]

Haiti needs more than a push start. The IMF has approved an additional U$26 million to assist Haiti to mitigate the impact of food and fuel prices on the economy of the struggling Caribbean nation. The Fund completed the third review of Haiti’s economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement and [...]

Last week on the Eastern Caribbean Securities Market, 130 Cable & Wireless St Kitts & Nevis Limited shares traded at $7.33, up thirty-three cents or 4.71% since its last traded price, 300 Dominica Electricity Services Limited shares traded at $3.15 down ten cents or 3.08% since its last traded price, 465 East Caribbean Financial Holding [...]