Union Bank confirms investment by Cayman Island’s Culture Financial Holdings
From adaderana.lk Union Bank of Colombo PLC confirmed that Culture Financial Holdings of the Cayman Islands has invested over Rupees 11 billion 420 million (Rs 11,420,474,984.70) enabling Union Bank to issue 742,156,249 ordinary voting shares of the company at Sri…
Further erosion of foreign reserves puts Barbados dollar in danger – Moody’s
From Caribbean360 BRIDGETOWN, Barbados, July 23, 2014, CMC – With Barbados’ foreign reserves standing below the 2013 level, International credit rating agency, Moody’s has warned that strain could be put on the dollar. “Any further erosion in reserves would likely…
Trinidad central bank seeks to assure policyholders ahead of CLICO sale
From Caribbean360 PORT-OF-SPAIN, Trinidad, MC – The Central Bank of Trinidad and Tobago is seeking to assure policyholders that the terms of conditions of their policies “have not changed at all” and that the plan for the resolution of the…
Central bank governor: Caricom trade policy ‘nonsense’
CSME problems: Dr DeLisle Worrell Governor of the Central Bank of Barbados Dr DeLisle Worrell has made it clear he is not a fan of the wholesale free movement of people in Caricom. Worrell, one of the region’s leading economists,…
Caribbean countries with fixed currencies should not entertain devaluation – Worrell
By Ernie Seon From Caribbean360 Governor of the Central Bank of Barbados, Dr. Delisle Worrell is urging Caribbean countries with fixed currencies, not to entertain the thought of any devaluation as a means of restoring stability to their economies. BRIDGETOWN,…
CDB optimistic for 2014 reports RBC
RBC Caribbean Economic Report Frosty Weather Contributes to Market Jitters Given that US consumer confidence declined to 78.1 in February 2014, down from 79.4 in January, it can be argued that the polar vortex may have had a role to…
Trinidad to host Caribbean debt burden meeting
From Caribbean360 Representatives from across the region will attend the meeting organised by the Permanent Secretariat of the Latin American and Caribbean Economic System (SELA) with the General Secretariat of the Association of Caribbean States (ACS). PORT-OF-SPAIN, Trinidad, Thursday February…
