AFTER some 17-months of twist and turns with legislators and minority shareholders, NCB Financial Group has now closed the offer to takeover regional insurance giant, Guardian Holdings Limited (GHL). NCBFG's success in the transaction comes a day earlier than its fourth extension of May 3, 2019 to acquire up to
One of the three licences needed by NCB Financial for the takeover of Guardian Holdings Limited has been granted by Trinidad’s Finance Minister Colm Imbert under the Foreign Investment Act. There were no updates on the other two licences, which are still pending. “The Minister of Finance welcomes this direct
ADVISORY COLUMN: INSURANCE QUESTION: I had an extended stay in the United States recently. The best part was using a family member’s self-driving vehicle. Despite my strong desire not to cede control to the automated systems, I allowed the vehicle to do ‘its thing’. I made 15 trips. They were
The United States Federal Reserve left its key interest rate unchanged and signalled no rate hikes are likely in coming months. The move, which was widely expected, comes amid signs of renewed economic health, but unusually low inflation. The announcement reaffirms a message that has reassured investors since the start
The Ministry of Finance in Trinidad and Tobago approved a licence for NCB Financial Group’s acquisition of Guardian Holdings Limited, GHL, with ‘best wishes’ for the parties to a transaction that has buy-in from shareholders but has been held up by regulatory delays. But the Jamaican banking conglomerate, which is
The Jamaica Teachers’ Association (JTA), in association with the Sagicor Foundation, launched the 36th annual JTA/Sagicor National Athletic Championships at the JTA’s Head Office in Kingston on Tuesday. The track and field meet, which has kick-started the career for many of Jamaica’s top track and field stars, will be
Year two of Christopher Zacca’s tenure as president and CEO of Sagicor Group Jamaica brought record profit amid a restructuring of the accounting for resort investment Playa. But just in case anyone thought otherwise, Zacca is declaring he is hungry for more and is looking to mergers and acquisitions (M&A)
ON the south coast of Barbados, the St Lawrence Gap in Christ Church is a must-stop for tourists looking to enjoy the lively nightlife, bubbling restaurants and gorgeous beachfront properties on the island. The well-known strip, which is also called 'The Gap' is home to some of the 4,000 transnational
Prime Minister Andrew Holness points to something of interest in the model of the Silver Sun Estates housing project in St Catherine as he toured the project with chairman of West Indies Home Contractors (Wihcon), Peter Melhado on Wednesday. (Photo: JIS) Prime Minister Andrew Holness yesterday requested a full brief
MONTEGO BAY, St James — In response to a recent call for the pegging of the Jamaican currency to the US dollar, Minister of Finance Dr Nigel Clarke has highlighted the creation of 100,000 jobs among a raft of tangible gains the economy has derived from the current floating exchange
