Tag Archives: IMF

Daily Brief: First Applebee’s® Restaurant Opened in Panama – Dec 13, 2017

Hello, MoneyMax101 readers! Here’s your news update.

  • First Applebee’s® Restaurant Opened in Panama

    Markets.businessinsider.com / PanamaTue Dec 12, 2017

    DineEquity, Inc. (NYSE:DIN), one of the world’s largest full service restaurant companies and the parent company of Applebee’s and IHOP® restaurants, has opened the first Applebee’s Grill + Bar on December 8 in Panama City, Panama. The restaurant is the first of five locations planned for Panama within the next five years.

  • Jamaica Broilers Group Limited Unaudited 2nd Quarter Results for period ended October 28, 2017

    Jamaica Stock Exchange / JamaicaTue Dec 12, 2017

    Reveues up 11% in Q2 (to $11.5b from $10.4b in Q2 last year). Gross profit for the quarter also up 16% to $3 billion.

  • Liberty Global Announces Record and Distribution Dates for Upcoming Split-Off of Latin American Division

    Digitaljournal.com / CaribbeanTue Dec 12, 2017

    Liberty Global today announced that, in connection with the previously announced split-off of its subsidiary Liberty Latin America Ltd., which comprises Liberty Global’s operations in Latin America and the Caribbean that are currently attributed to its “LiLAC Group,” it has set a record date of 5:00 p.m. New York City time, on December 26, 2017 (the “Record Date”) and a distribution date of 5:00 p.m., New York City time, on December 29, 2017 (the “Distribution Date”), for the distribution of Liberty Latin America common shares.

  • St. Lucia is not a tax haven and will be off EU blacklist “very soon”

    St. Lucia News Online / St. LuciaTue Dec 12, 2017

    The St Lucia government says it will soon introduce new tax reform measures after the island was included among 17 countries worldwide on a new global list of tax havens by the European Union.

Daily Brief

Daily Brief:Turks and Caicos Islands to tap into multi-billion dollar BPO industry – Dec 11, 2017

Hello, MoneyMax101 readers! Here’s your news update.

  • Turks and Caicos Islands to tap into multi-billion dollar BPO industry

    Tcweeklynews.com / CaribbeanMon Dec 11, 2017

    The Caribbean is rapidly emerging as one of the most attractive destinations for the multi-billion dollar business process outsourcing (BPO) industry. Premier Sharlene Cartwright of the the Turks and Caicos Islands says they are ready to tap into the trade.

  • Richard Byles Cops Jamaica Observer Business Leader Award

    Jamaicaobserver.com / CaribbeanMon Dec 11, 2017

    Richard Byles, chairman and former CEO of Sagicor Group Jamaica, was last night named Jamaica Observer Business Leader 2017, topping a field of 12 of the island’s top chief executive officers which Award Selection Committee Chairman Moses Jackson described as “an embarrassment of riches” and which gave the committee a tough time to arrive at a decision.

  • Cable & Wireless To Delay Delisting In Barbados

    NationNews / BarbadosSun Dec 10, 2017

    Cable & Wireless (C&W) has agreed not to apply to de-list from the Barbados Stock Exchange, nor to cancel the shares held by the minority shareholders named in a class action suit against the company, until the case is determined.

  • ExxonMobil says signing bonus is US$18 million; calls for disclosures by all companies

    Demerara Waves / GuyanaSun Dec 10, 2017

    ExxonMobil Sunday night said a US$18 million signing bonus was deposited into a government account at the Bank of Guyana last year, and called for such transactions with all other companies to be made public in the future.

Daily Brief

Important Information Re Your Account

Good day, a few weeks ago (late November 2017) we launched our new membership plans which represents another major milestone in our development.

Beginning tomorrow (Dec 11, 2017) we will be transitioning existing accounts (including yours) to our new membership plans. If you have not yet signed up for a membership plan, between now and some time this week, your account will be converted to a ‘Starter’ membership plan. You can read our full post about our membership plans here.

In the meantime, we are offering a one time upgrade discount (exclusively for existing members only). If you use the following discount code during upgrade (this week only), you will receive a further discount on whichever plan you may choose.

Discount code: Sent in email

This offer will be for this week only and is specifically to say thanks to you our longstanding, loyal users.

Thanks again for your support.

MM101 Updates

Daily Brief: Saint Lucia ‘blacklisted’ by European Union – Dec 06, 2017

Hello, MoneyMax101 readers! Here’s your news update.

  • Saint Lucia ‘blacklisted’ by European Union  

    St. Lucia News Online / St. LuciaTue Dec 05, 2017

    The European Union has published its first blacklist of tax havens, naming 17 territories including Saint Lucia, Barbados and South Korea. A “watchlist” of 47 countries promising to change their tax rules to meet EU standards has also been issued. The “grey list” includes several with UK links, including Hong Kong, Jersey, Bermuda.

  • Jamaica selected for Airbnb’s new service  

    RJRNewsOnline.com / JamaicaTue Dec 05, 2017

    Jamaica has been selected as part of the roll out of Airbnb’s new service titled Airbnb Trips. The service will see visitors from around the world paying for unique experiences in Jamaica through the Airbnb platform. According to the Head of the Global Policy at Airbnb, Chris Lahane, the new service will have far reaching benefits for Jamaica.

  • Transjamaican Highway says revenues up, Portmore toll still highest trafficked  

    Gleaner – Business / JamaicaWed Dec 06, 2017

    TransJamaican Highway Limited, the concession holder for Highway 2000 East-West is now pulling in revenues above $8.8 million daily for Portmore, St Catherine, according to Wednesday Business estimates and data provided by the company in November.

  • NCB Clarien stake in Bermuda worth US$54m  

    Gleaner – Business / JamaicaWed Dec 06, 2017

    The book value of NCB Financial Group’s stake in Clarien Bank, Bermuda, would equate to US$53.6 million (J$6.74 billion), but the entities avoided any financial disclosures in announcing the deal last week.

Daily Brief

Daily Brief: Chorvelle Johnson is the new CEO of Sagicor Bank – Dec 05, 2017

Hello, MoneyMax101 readers! Here’s your news update.

  • Chorvelle Johnson is the new CEO of Sagicor Bank

    Gleaner – Business / JamaicaMon Dec 04, 2017

    Sagicor Bank Jamaica has appointed Chorvelle Johnson as its new chief executive officer, effective January 29, 2018. Last week it was announced that she had resigned from Proven Wealth Limited where she was the Company’s President and CEO

  • WIBISCO joy

    Business – Barbados Today / BarbadosTue Dec 05, 2017

    Shareholders in the West Indian Biscuit Company (WIBISCO) are smiling all the way to the bank but most of the glee is in Trinidad and Tobago. That’s because shares in the Gills Road, Bridgetown biscuit manufacturer are among the highest paying on the local stock exchange, but the biggest beneficiaries are Trinidadians.

  • Energy minister mum on BNTCL sale

    Business – Barbados Today / BarbadosTue Dec 05, 2017

    The fate of the Barbados National Terminal Company Ltd (BNTCL) appears to be dangling in wind, with Government noticeable silent in the aftermath of the Fair Trading Commission’s (FTC) ruling on the proposed sale to the Kyffin Simpson-led Sol group.

  • No fallout from the loss of Avianca and GOL flights, suggests Inniss

    Business – Barbados Today / BarbadosTue Dec 05, 2017

    Cabinet minister Donville Inniss says the loss of direct air links with Latin America has not negatively impacted Barbados’ international business sector. Back in August, Avianca Airlines announced a temporary suspension flights requiring passage over Venezuelan airspace, including its Bogotá to Bridgetown service.

Daily Brief

Victoria Mutual Investments Limited Raising J$689.3m at J$2.45 per share. Opens Next Monday Dec 11

VM Investments Limited has released their prospectus and they are seeking to raise J$689.3m from the sale of 300.0m Ordinary Shares at J$2.45 per share. The offer opens on December 11, 2017. Victoria Mutual Investments Limited (“VMIL”) was incorporated in 1984 and is domiciled in Jamaica. It is a wholly-owned subsidiary of The Victoria Mutual Building Society, established in 1878. VMIL is the parent company and sole owner of Victoria Mutual Wealth Management Limited (“VMWealth”).

Bulletin

Daily Brief: VM Investments IPO is coming – Dec 04, 2017

Hello, MoneyMax101 readers! Here’s your news update.

  • VM Investments IPO coming

    IC Insider / JamaicaMon Dec 04, 2017

    Victoria Mutual will make an announcement on Monday of the pending Initial Public Offer of shares in VM Investments Limited the immediate parent company of VM Wealth Management (VMWM).

  • Venezuela Plans a Cryptocurrency, Maduro Says

    NYT > Americas / Latin AmericaMon Dec 04, 2017

    President Nicolas Maduro of Venezuela says his government will launch a cryptocurrency to fight what he calls a financial “blockade” by the Trump administration against the socialist-run country.

  • Canada’s Trudeau Steps Up on Trade, as America Under Trump Pulls Back

    NYT > Americas / Latin AmericaSun Dec 03, 2017

    Partly as insurance against Nafta’s collapse and perhaps a way to show Washington it has options, Canada is chasing after other free trade deals.

  • The opinion poll guru, the Caribbean islands and the $10m consultancy deal

    Theguardian.com / CaribbeanSun Dec 03, 2017

    As the proud owner of a majestic castle in Kent and a luxurious villa in Mustique, the founder of Mori, Sir Robert Worcester, is a man who has clearly done well out of the opinion poll business.

Daily Brief

NCB Financial Group Limited (NCBFG) Acquires Majority Stake in Bermudan Bank

NCB Financial Group Limited announced today a transaction under which NCB will acquire a majority stake in Clarien Group Ltd, owner of Clarien Bank Ltd based on Hamilton Bermuda. NCB will acquire a 50.1% majority stake in CGL. Funds managed by the Portland Private Equity will hold 17.92% and Edmund Gibbons (once the sole shareholder) will retain 31.98%.

Bulletin