April 15, 2021
Sagicor Financial Corporation says the COVID- 19 pandemic has caused significant economic and financial turmoil and uncertainty and has fuelled concerns that have led to a global recession.
The comments have been outlined in the company’s latest corporate filings on the 2020 financial year ending December 31, 2020. The group, in notes to the financial statements, said all levels of society had been affected in “significant ways” by COVID-19 and this had caused “a contraction in the economies in which the group operates”.
Addressing developments that occurred during the year, the company stated: “The spread of the virus, which resulted in widespread travel restrictions and cancellations, has had a significant, negative effect on global travel and the demand for entertainment and related products offered in key markets in which the Group holds investments.
Central Bank issues draft Mergers and Acquisition guidelines
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Central Bank: Trinidad and Tobago lucrative for mergers, acquisitions
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Top biz execs ‘to look at UWI Cave Hill financial woes’
Article by March 13, 2021
A high-powered team of regional business executives is to form a “Corporate Investment Committee” to help the University of the West Indies at Cave Hill with risk management through its financial struggles, UWI Vice-Chancellor Professor Sir Hilary Beckles has announced.
Representatives are to meet with the Mia Mottley administration next week to help put together a “high-level team” to examine the financially struggling institution’s balance sheet, said Sir Hilary on Friday during the Council Meeting of the Cave Hill Campus.
He said: “We have brought on board some of the finest financial corporate leaders in the region, and we have brought them hitherto, to constitute themselves into a committee which we have called the Corporate Investment Committee.