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Hello, MoneyMax101 readers! Here’s your news update.
- Mayberry to list subsidiary
Gleaner – Business / Jamaica – Fri Jan 05, 2018
Mayberry Investments Limited will list its subsidiary on the Jamaica Stock Exchange, JSE, before the end of March, which could see it raising more than a $1 billion
- Hurricanes cut into Goddard’s bottom line
Business – Barbados Today / Barbados – Thu Jan 04, 2018
A major financial hit by associated company Sagicor General Insurance Company has been identified as one of the drags on Goddard Enterprises Limited’s (GEL) financial performance during the 2017 financial year. This was revealed in the conglomerate’s recently-released audited consolidated financials for the year ended September 30, which showed a near 100 per cent drop in the share of income from associated companies.
- Massy searches for new markets as Barbados profits dip
Business – Barbados Today / Barbados – Thu Jan 04, 2018
The Massy Group is seeking greater fortunes in countries like Guyana and Colombia as it acknowledges company profits are under threat in its main money earners, Barbados and Trinidad and Tobago. At the end of Massy’s financial year on September 30, 2017, the two key markets registered slight declines, with revenue from Barbados’ operations falling from TT$2.97 billion (BDS $990 million) in 2016 to TT$2.90 billion (BDS $968 million) in 2017.
- Gov to relax Exchange Control
The Bahamas Investor / Bahamas – Fri Jan 05, 2018
Prime Minister Dr Hubert Minnis has said his administration will relax Exchange Control on capital transactions, namely on capital (investment) and current account (trade) transactions for small and medium-sized Bahamian businesses/enterprises (SMEs). The changes, which will come into effect February 1 this year, are expected to assist SMEs and Bahamian investors by improving the ease of doing business for Bahamians and residents.
