On Tuesday, today Republic Financial Holdings Limited announced its entry into an agreement to acquire Scotia Bank’s banking operations in Guyana, St. Maarten and the Eastern Caribbean territories, including Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. The US $123 million purchase price represents a $25 million consideration for total shareholding of Scotia Bank Anguilla Limited; and a premium of US$98 million over net asset value for operations in the remaining eight countries. This price does not include any amounts required to capitalize the branches post-closing. Opposition Leader Philip J Pierre in the wake of the news say this brings to light the need for harmonized OECS anti-monopoly laws.
Saint Lucians protest CABOT Development
Hundreds of Saint Lucians converged on the Cas en Bas Beach Sunday afternoon in support of a business owner who will be displaced when the Cabot (St. Lucia) golf resort project takes flight. However what was supposed to be a small lime, turned into a carnival-like atmosphere when police arrived on the scene. Miguel Fevrier was there, and has the details in this report.
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St. James Morgan Bay Staff made redundant; will be compensated in 2021
A now-former employee of the St. James Morgan Bay is calling on the intervention of the Labour Minister in ensuring that recently dismissed employees are fairly and speedily compensated. Senior Political Correspondent Miguel Fevrier spoke with the woman earlier Tuesday and filed this report.
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