Fri, 29 May 2020 09:52:45 +0000 Monument Re Acquires GreyCastle Holdings

Monument Re announced that it has completed the acquisition of GreyCastle Holdings Ltd. [GreyCastle] and its subsidiaries, which include GreyCastle Life Reinsurance [SAC] Ltd. and GreyCastle Services Ltd., following receipt of regulatory approval from the Bermuda Monetary Authority. Related Stories Peak Re Complete Lutece Holdings Acquisition Monument Re Acquires GreyCastle Holdings Multi-Strat Enters Agreement With […](Click to read the full article)

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Thu, 28 May 2020 07:24:04 +0000 Digital skills have become even more important for accountants

For years ACCA has been highlighting how technology will impact the accounting and finance profession. In fact, digital is one of the seven quotients it defined in 2016 as core competencies for the future accountant. More recently in early 2020 ACCA released its report The digital accountant: Digital skills in a transformed world, which considers the implications of the digital quotient in the context of digitalisation of organisations and their future growth. It talks about the extent to which accountancy and finance professionals should be digitally knowledgeable and the skills they need to develop. The coronavirus factor But this was all pre-Covid-19 and reflected a broader trend of technological transformation that was already underway. As described in a Harvard Business Review article in March 2020, for years organisations have been transitioning to a digital core of software, data and networks, and along the way seeking scale (by producing more at lower costs), scope (via greater production variety) and learning (via improvement and innovation). Adopting this was already a challenge for organisations (young and small all the way up to established multinationals), but the coronavirus pandemic has made it even harder by adding a fourth dimension to t

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Wed, 27 May 2020 22:18:47 -0400 Opportunities in sargassum seaweed being explored

The acquisition of a seaweed harvester is yet another element in the country’s effort to address not only challenges posed by sargassum seaweed but opportunities as well. This was intimated by consultant...

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Fri, 22 May 2020 21:47:37 +0000 Official Govt & Legal Notices For May 22 2020

The official Government and Legal notices for today [May 22] include list of proposed planning applications, acquisition of property by a non-Bermudian and notice of intended marriage. List of Proposed Planning Applications Advertised May 22, 2020 Notice Type: Government Notice Notice Sub Type: Notification of Planning Applications Registered Notice ID: GN0452/2020 Public Authorities / Department: […](Click to read the full article)

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Thu, 21 May 2020 07:58:51 +0000 7 ways to make yourself more employable

The world is changing rapidly and dramatically due to the coronavirus pandemic. We’re having to adapt how we live day-to-day, including how we study and work. Whether you’re seeking employment or looking to progress your career, it has become a tougher recruitment environment as economies around the world enter recession, industries are disrupted and businesses quickly make major changes. Companies are undertaking urgent financial analysis, reining in staff numbers and keeping a closer eye on workforce performance. The likely longevity of the crisis, along with its impact on structural and fundamental norms, means some changes will form the "new normal". As businesses seek to become leaner and more efficient, offices will close, digital tools integrated and spending tightly monitored. Finance and accountancy professionals will be vital to support such transformation and recovery, but employers will be looking for skills profiles that match the disrupted environment. Candidates will need to be qualified, resilient, adaptable and have transferable skills. Show initiative, be proactive Making yourself more employable always requires being very proactive, but now even more so. For a while, competition will be higher for fewer roles and

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Wed, 20 May 2020 00:26:43 -0500 JP looks to acquisitions

Jamaica Producers Group, JP, holds more than $6 billion in liquid assets that it can deploy for acquisitions. Few companies are in acquisitive mode with the downturn in the Jamaican and global economy, but the food and logistics conglomerate...

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Tue, 19 May 2020 12:21:17 +0000 Scotiabank, Progreso halt services prior to merger

Santo Domingo.- As of Thursday, May 28 to June 2, Scotiabank and Banco Dominicano del Progreso will suspend services to users to complete the merger that has been in the works for several months. Only credit and debit card services, ATMs and telephone assistance will remain active, according to a video that was sent to customers. The branches of both institutions will close to the public at 1:00 pm and will open on June 2; From May 28, the online service and Progreso App will not be available, and from June 31 to May 2, Scotia Online and Scotia Caribe App will not be open to the public.

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Thu, 14 May 2020 09:30:40 +0000 Exor To Retain Ownership Of PartnerRe

Exor will retain ownership of PartnerRe following Covéa failing to “honour its commitment” to finalise the acquisition agreement. The company said, “Exor communicates that its Board of Directors, meeting under the Chairmanship of John Elkann, has acknowledged Covéa’s notice that Covéa will not honour its commitment to acquire PartnerRe in accordance with the terms of […](Click to read the full article)

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Fri, 08 May 2020 00:08:14 -0500 FTC puts Total gas market share at 30% - Sees no threat to competition from Epping deal

THE ACQUISITION of Epping resulted in Total Jamaica controlling nearly a third of the retail gasolene market, but that’s not enough to lessen competition, the Fair Trading Commission, FTC, has found. “The acquisition is unlikely to have either the...

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Wed, 06 May 2020 18:26:58 +0000 Republic records $500m half-year profit

Republic Financial Holdings Ltd recorded a $543 million profit for the half-year ended March 31. While still significant, it is $240 million – or 30.6 per cent – lower than last year’s half-year profits. In a statement Wednesday, Republic said these results reflect preliminary estimates of the financial impact of the covid19 pandemic on the group as a result of increased operating expenses during the latter half of March 2020. Republic also set aside an additional $367.7 million for the first half of Fiscal 2020 to cover potential future losses (2019 – $134.7 million). Total assets stood at $98.4 billion at March 31, 2020, an increase of $15 billion or 17.9 per cent over the total assets at March 31, 2019, reflecting mainly the acquisition of Scotiabank’s operations in St Maarten and the Eastern Caribbean (except Antigua and Barbuda) on November 1, 2019. This added $12.7 billion to the group’s asset base. The acquisition of Scotiabank’s banking operations in the British Virgin Islands remains ongoing, with the group presently engaged with the regulator in that territory to obtain the requisite approval. Republic’s president, Nigel Baptiste, said via the release that the bank was “cognizant of its responsibility to help clients, staff, and communities navigate these uniq

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Tue, 05 May 2020 11:41:02 +0000 Peak Re Complete Lutece Holdings Acquisition

Peak Reinsurance Company Limited today [May 5] announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. A spokesperson said, “Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, today announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. [renamed as Peak Capital Holdings […](Click to read the full article)

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Tue, 05 May 2020 09:27:25 +0000 Butterfield: Share Repurchases For April 2020

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of April 2020, the Bank purchased for Treasury 525,000 Common Shares at an average price of $ 18.33 per share. Related Stories Butterfield Completes Acquisition Of GTS Butterfield Bank Advises Of Shareholdings Butterfield To […](Click to read the full article)

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Wed, 29 Apr 2020 23:10:22 +0000 Curepe overpass opens to traffic

The Curepe intersection at the Churchill Roosevelt Highway, which featured several traffic lights, has been replaced with the new four-lane overpass which was partially opened to vehicular traffic on Wednesday. Minister of Works and Transport, Rohan Sinanan, cut the ceremonial ribbon and decommissioned the traffic lights. The structure, he said, was accessible to traffic for the past six weeks, and minor finishing work is ongoing. Sinanan, speaking with media on site, said, "If you consider that the bridge would have been completed six weeks ago, and completed in just about a year...in my opinion, that is excellent progression, when you compare it to the other interchanges that took a lot longer than that.” The sod for the $221 million bridge was turned by the Prime Minister in February last year and was first earmarked for completion last November. The opening was pushed back to January and then to April. All that is left to complete, Sinanan said, is some paving on the highway, minor drainage and beautification works, which have a two-week deadline. "We are satisfied that the project was completed within a good enough timeline and, so far, the project is within budget. He said it was initially budgeted to cost around $480 million in 2012 und

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Mon, 27 Apr 2020 20:58:06 +0000 Official Govt & Legal Notices For April 27 2020

The official Government and Legal notices for today [April 27] include acquisition of land. Land Acquisition Notice Type: Government Notice Notice Sub Type: Land – Acquisition of Land Notice ID: GN0386/2020 Public Authorities / Department: Immigration Publication date: 27 April 2020 Notice is hereby given that Jerome Halgan, a French citizen, is applying to the […](Click to read the full article)

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Thu, 23 Apr 2020 06:46:52 +0000 Keep calm and communicate

ALISON YOUNG How many times has a note from the CEO to all staff trumpeted the "exciting opportunities" of a merger or the "untapped potential for collaboration" with a new strategic partner? Such grandiose statements may be a reflection of what the CEO truly thinks or just spin from a well-meaning corporate communications department. But whatever the motivation, such emails or videos can be met with cynicism, even outright hostility, by staff recipients. What is greeted as an exciting opportunity by a CEO might be viewed as a job threat by a colleague much further down the food chain. Equally, that untapped potential for collaboration for the commercial director or CIO might jeopardise a valued and valuable supplier contract for an overstretched team in a region far away from head office. It is often the case that those closest to a new business deal or organisational initiative are the ones who are least threatened by it, while those further away have access to less information and so feel that they have less control. Research tells us that a lack of control leads to feelings of powerlessness, accompanied by anxiety and stress. It is not only large-scale change that can have this effect; it is a natural human response in the face of lower levels of disruption too.

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Wed, 22, Apr, 2020 07:01:00 GMT Keep calm and communicate

How many times has a note from the CEO to all staff trumpeted the 'exciting opportunities' of a merger or the 'untapped potential for collaboration' with a new strategic partner?

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Tue, 21 Apr 2020 20:59:27 +0000 Dominican Gov. to hand out 525,000 Lbs. of chicken daily

Santo Domingo.- The president of the High-Level Commission to Prevent and Control Coronavirus on Tue. announced an agreement with farmers, which includes the acquisition of chickens and cheeses, that will be distributed to the population. to alleviate the pandemic. Gustavo Montalvo said that around 525,000 pounds of chicken will be purchased daily to distribute to the population, or around 5.6 million chickens. “The Ministry of Agriculture will carry out a program of financial and technical assistance for the agricultural sector. This support has begun with the purchase of 5.6 million chicken to distribute 525,000 pounds daily.”

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Mon, 06 Apr 2020 13:36:48 +0000 Eppley Caribbean Property Fund Limited (CPFV) – Value Fund Share Buy Back

Eppley Caribbean Property Fund Limited (CPFV) has advised that the during the period March 25 -31, 2020, the Company purchased 17,000 CPFV shares in keeping with its Value Fund Share Buy Back policy: CPFV further advised that: “The purpose of the acquisition is to unlock shareholder value by purchasing shares at a price that is […] The post Eppley Caribbean Property Fund Limited (CPFV) – Value Fund Share Buy Back appeared first on Jamaica Stock Exchange.

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Fri, 03 Apr 2020 13:32:56 +0000 First Rock Capital Holdings Limited (FirstRock) – Issues Joint Notice of Acquisition with Panjam Investment Limited

First Rock Capital Holdings Limited and Panjam Investment Limited – Joint Notice of Acquisition First Rock Capital Holdings Limited (FirstRock) has advised that the Company recently acquired the property known as 1, 1B and 3 Bamboo Avenue from Desnoes Estates Limited, a subsidiary of PanJam Investment Limited, for the consideration of Five Million United States […] The post First Rock Capital Holdings Limited (FirstRock) – Issues Joint Notice of Acquisition with Panjam Investment Limited appeared first on Jamaica Stock Exchange.

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Fri, 03 Apr 2020 00:19:11 -0500 GK taps Glaves-Hucey to manage Key Insurance

AFTER 15 YEARS moving up the insurance ladder within the GraceKennedy Group, Tamara Glaves-Hucey has been given her company to run. Her appointment as general manager of Key Insurance Company Limited, a new acquisition for the conglomerate, was...

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Mon, 30 Mar 2020 12:31:32 +0000 Indies Pharma Jamaica Limited (INDIES) -Acquisition of Land by Indies Pharma Business Park

Indies Pharma Jamaica Limited (INDIES) has advised that Indies Pharma Business Park, a subsidiary of the Company, has acquired a parcel of land situated at Lot 1 Montego Park Estates Ironshore, St. James. The post Indies Pharma Jamaica Limited (INDIES) -Acquisition of Land by Indies Pharma Business Park appeared first on Jamaica Stock Exchange.

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Mon, 23 Mar 2020 13:47:50 +0000 GraceKennedy (GK) Confirms Key Insurance’s Take Up of Its Acquisition Offer

Press Release – GraceKennedy (GK) Confirms Key Insurance’s Take Up of Its Acquisition Offer The post GraceKennedy (GK) Confirms Key Insurance’s Take Up of Its Acquisition Offer appeared first on Jamaica Stock Exchange.

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Mon, 23 Mar 2020 13:47:12 +0000 First Rock Capital Holdings (FirstRock) – Acquisition

First Rock Capital Holdings (FirstRock) has advised that the Company has entered into an agreement to acquire majority ownership of Dolla Financial Services Limited. The post First Rock Capital Holdings (FirstRock) – Acquisition appeared first on Jamaica Stock Exchange.

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Fri, 06 Mar 2020 00:24:05 -0500 GK aims to double Western Union network

GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...

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Fri, 21 Feb 2020 21:14:18 +0000 Pulse Investments Limited’s (PULS) Acquisitions

Pulse Investments Limited’s (PULS) has advised that PULS’ Board is considering the following acquisitions: “A substantial (non controlling) stake in Irie Jam 360 Media, a New York based radio, TV and internet media group, broadcast to a mainly Caribbean market in the tri state area of New York, New Jersey and Connecticut. “A substantial stake […] The post Pulse Investments Limited’s (PULS) Acquisitions appeared first on Jamaica Stock Exchange.

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