OTTAWA, Canada (CMC) — The Bank of Nova Scotia yesterday confirmed that it would be selling its insurance operations in Jamaica and Trinidad and Tobago as part of a shake-up of its businesses that also included plans to exit nine Caribbean countries. However, late yesterday evening news emerged from Antigua and Barbuda — one of [...]

The Trinidad & Tobago Securities and Exchange Commission, TTSEC, has fined Guardian Holdings Limited, GHL, TT$300,000, but while the alleged offence has some bearing on the takeover offer for the insurance conglomerate, the regulator has not disclosed the precise charge. Guardian will pay the fine but has made no admission of guilt, as noted in [...]

Pension funds could be the conduit for about $25 billion of venture capital financing, but while the Jamaican Government is laying the groundwork for this to happen, it's a more risky bet that traditionally conservative fund managers acknowledge that they need to manage with care. And at least one industry representative is suggesting that pension [...]

The acquisition of regional financial conglomerate Sagicor Financial Corporation Limited (SFC) by Canadian private-equity firm Alignvest will not affect shareholders of the Jamaican subsidiary, says president and CEO of Sagicor Group Jamaica Limited Christopher Zacca. "The transaction is between Sagicor Financial Corp and Alignvest. SFC owns 49.1 per cent of Sagicor Group Jamaica, and [...]

Sagicor Financial Corporation Limited has agreed to a US$536 million takeover by Alignvest, a leading Canadian alternative investment management firm. In a release issued on Tuesday morning, Sagicor said that it has entered into a definitive arrangement agreement with Alignvest Acquisition II Corporation pursuant to which Alignvest will acquire all the shares of Sagicor by way of a [...]

OTTAWA, Canada (CMC) – The Bank of Nova Scotia Tuesday confirmed that it would be selling its insurance operations in Jamaica and Trinidad and Tobago as part of a shake-up of its businesses that also included plans to exit nine Caribbean countries. The bank, which has operated in the Caribbean since 1989, said that it [...]

With hundreds of motor vehicle crashes reported annually, inclusive of motorcycle crashes in Westmoreland, the parish has built a reputation for being a hotspot for trauma. Last Thursday's Taking Responsibility Road Tour visited the parish to discuss how to prevent these incidents and the benefits of proper safety gear. During the town hall-style discussion at [...]

KINGSTON, Jamaica (CMC) — The Planning Institute of Jamaica (PIOJ) is welcoming the government's decision to revise its framework to enable pension funds to invest up to five per cent in venture capital as a “positive development”. PIOJ Director General Dr Wayne Henry says the move augurs well for Jamaica, in terms of facilitating increased [...]

RIYADH, Saudi Arabia — Saudi Energy and Oil Minister Khalid al-Falih arrives at the start of a three-day conference called Future Investment Initiative (FII) in the Saudi capital Riyadh last month. (Photo: AFP) The oil market is experiencing a remarkable turnaround as oil prices have tumbled from recently trading at four-year highs to erasing all [...]