One Million Visitors, One Billion Dollars Since 2017 Start

KINGSTON, Jamaica – The Jamaica Information Service (JIS) reports that the island recorded its one-millionth visitor – two Americans on an AA flight from Philadelphia – on June 15th. This  figure represents the largest number of arrivals over a six month period. The tourism sector also earned in excess of US$1.2 billion for the same period.

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Source: Jamaica Information Service

Jamaican Government Working On Easing Travel Under CSME

KINGSTON, Jamaica – The Ministry of Foreign Affairs and Foreign Trade has been working with its regional counterparts to resolve some of the problems that frustrate travellers within the CARICOM Single Market and Economy (CSME).

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Staff Leave Digicel Operation

GEORGE TOWN, Cayman Islands – Employees with Digicel’s Cayman operation have started to leave as a part of the company’s plan to restructure its global operations.

According to The Cayman Reporter, a Digicel spokes-person confirmed that staff have already begun to leave, but declined to to say how many would go before before their quota is reached.

“Digicel can confirm that the first set of people whose applications to our Enhanced Voluntary Separation Programme were accepted left the business last week,” the spokes-person said.

“We would like to thank them for their valued contribution to Digicel and to wish them all the best for the future.”

“Please be clear that the 25 percent is a global figure and does not apply to individual markets – as such, we will not be breaking out the numbers for individual markets.”

Source: The Cayman Reporter

Digicel Raising Funds To Refinance Debt

Digicel, a leading provider of mobile services in the Caribbean, is at an advanced stage of raising more than $1 billion (USD) to re-finance loans that are due over the next two years.

On April 29, The Irish Times reported that the group’s subsidiary – Digicel International Finance Limited – “is raising $935 million in senior secured loans that are due to be repaid within the next five to seven years.” A $100 million revolving credit facility is also being sought. Proceeds will be used to pay an existing $856 million secured loan which must be repaid between March 2018 and March 2019.

The company recently announced a major restructuring programme in Feb 2017 which includes a significant reduction in employee head count.

Source: Irish Times

Save The Date: CEMEX Earnings Webcast

MEXICO CITY, Mexico – CEMEX – one of the largest producers of Cement in the world  – will be holding their 2017 Q1 earnings webcast on April 27 at 10:00 AM Eastern Time. The dial number is: 1-847-585-4405, Passcode: 44765921. The Company also controls significant operations in Barbados, Jamaica and Trinidad.

Source: CEMEX