AIC locks up investor agreement – Columbus offer closes, bid evaluations begin
AIC Barbados Limited (AICB) narrowly missed being called into default by its bondholders, whose agreement were secured individually to wait out the sale of Michael Lee Chin’s stake in Columbus Communication to pay down US$36.7 (J$3.3 billion) [...]
US$24 trillion exposure
The watchdog over-seeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly US$24 trillion, or about US$80,000 for every American. The whopping amount [...]
The Port Authority sensitises stakeholders on body-search policy
“IT HAS become pertinent that a body-search policy be implemented due to the steady increase in incidence of contraband found on vessels entering and leaving our port facilities,” stated Deputy Commissioner of Police Linval Bailey.
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Making money from music
Under copyright laws, songs aired in Jamaica earn the songwriters registered with the Jamaica Association of Composers, Authors and Publishers (JACAP) an estimated J$30 million per year. But the money represents a portion of the song royalties [...]
