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Scotiabank Selling off Banks in the Caribbean

Scotiabank is shutting shop in parts of the Caribbean, entering an agreement with a Trinidad-based leading financial group to take over its banking operations in nine “non-core markets” in the region. It was announced today that, subject to…

Axed Petrotrin Workers Face Uncertain Retirement

With the final closure of Petrotrin slated for month-end, thousands of pensionable employees still face questions about the security of their retirement funds. The state-owned oil and gas company has over 5,000 employees and reports are…

Public protest in Bahamas over electricity prices

Hundreds of residents gathered on Wednesday for a march through downtown Nassau that ended with a public protest in Parliament Square, primarily over a rise in electricity prices in The Bahamas, along with a few other matters of public…

Cuba and EU discuss unilateral coercive measures

Representatives of Cuba and the European Union (EU) spoke last Monday about unilateral coercive measures, in the first round of the dialogue on this subject, held in Brussels, the Belgian capital. According to a diplomatic note, an exchange…

IMF concludes 2018 consultation with Suriname

On November 16, 2018, the executive board of the International Monetary Fund (IMF) concluded the 2018 Article IV consultation with Suriname. Suriname’s economy has stabilized and is expected to further improve. Real GDP grew by 1.7 percent…

Barbados on Track for OECD Compliance By Year-End

The Barbados Government is on track to revise its current suite of international business legislation by year-end to ensure compliance with the Organisation for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting…

10 Injured as Plane Crash Lands at Airport in Guyana

Ten people were injured this morning when a Fly Jamaica aircraft carrying 120 passengers and eight crew members made an emergency landing at the Cheddi Jagan International Airport (CJIA) in Guyana. Officials say none of the injuries are…