December 7, 2020 Governor of The Central Bank of The Bahamas (CBOB) John Rolle stressed that The Bahamas has not reached a level of debt distress, in response to a prediction by a respected Caribbean economist that the nation will default on its sovereign debt. According to economist Marla Dukharan, ‘The Bahamas’ historically high fiscal
October 30, 2020 Cayman Islands Finance Committee members confirmed that the government is now forecasting a $168.7 million deficit by the end of this year as a result of the COVID-19 pandemic. Councillor to the Minister of Finance Roy McTaggart, as he opened the committee hearing for the appropriation changes to this year’s budget, delivered the
Kyle Sinclair and Zaneta Alvaranga were among the record breakers as Wolmer's Boys and Immaculate Conception won the boys’ and girls’ high school titles at the 2020 Mayberry Swim Meet. Wolmer's Boys' standout Sinclair was a double record breaker on the day, erasing old marks in the 100 and 200 metre freestyle. Zaneta Alvaranga of
Mayberry Jamaica Equities, a subsidiary of Mayberry Investments Limited, continues to rack up huge profits. Stocks in the company's portfolio that recorded double-digit price increases year over year were: Caribbean Cement Company by 97 per cent, Supreme Ventures Limited by 48 per cent, Jamaica Broilers Group by 41 per cent, and Jamaica Money Market Brokers
Brokerage firm, Mayberry Investments Limited recently donated $500,000 to the Kingston YMCA, a community-focus non-profit organization on Hope Road in Kingston. The YMCA is known worldwide for its recreational programmes and services to children of all age groups. The YMCA partnership arose out of a plea made by Delroy Chuck, Minister of Justice, a former
Higher revaluation gains from invested stocks resulted in Mayberry posting good earnings and assets growth for 2019. Total comprehensive income grew by US$5 million or 18 per cent to end 2019 at US$33.6 million. The income earned in 2018 was US$28.5 million. This growth in 2019 was due to higher revaluation gains, resulting from positive
Title sponsor Mayberry Investment Limited has pumped $250,000 into the sixth staging of the SW Isaac Henry Track and Field Meet set for February 22 at National Stadium starting at 8:35 am. For the first time in Jamaica there will be a mixed 4x400m relay, it was announced at the media launch at Knutsford Court
Finance and the Public Service Minister Dr Nigel Clarke has indicated that infrastructure spending will be one of the big-ticket items in the upcoming 2020 -2021 national budget, which will be tabled next month. He has identified the south coast highway, linking Harbour View in St Andrew to Port Antonio, Portland, and capital works at
According to the prospectus posted on Friday last, the IPO, which opens on February 18 and closes on March 3, will offer 52.5 million ordinary shares at a subscription price of $1.91. Mayberry Investments Limited will be the lead brokers for the IPO and financial advisors for CAB. Of the total shares that are being
Caribbean Assurance Brokers (CAB) Limited has issued a prospectus for the sale to the public of a 20 per cent shareholding in the company. The raise targeted is $100.2 million. As indicated by the prospectus, the company is planning a Caribbean expansion. CAB said it “believes that there are opportunities to expand its brokerage operations
