| Caribbean Markets | Index | Value | Change +-% | USD | EURO | GBP | CAD | |
|---|---|---|---|---|---|---|---|---|
| Bahamas | BISX All Share Index | 1,415.96 | -0.70 | -0.05% | 1.00 | 1.26 | 1.53 | 1.60 |
| Barbados | BSE 1000 Index | 1,094.82 | -1,990.31 | -64.51% | 1.98 | 2.51 | 2.95 | 1.90 |
| Jamaica | JSE Market Index | 86,275.28 | 582.03 | 0.68% | 98.47 | 8.14 | 148.02 | 94.17 |
| Trinidad | TTSE Composite | 1,123.48 | 0.17 | 0.02% | 6.33 | 8.02 | 9.42 | 6.07 |
News Update
- Crude oil surged 9% and gold gained 3% after European leaders agreed to take emergency steps.
- Malaysian developer Genting Group plans to invest US$24 million in a casino in Bimini, Bahamas.
- JMMB receives final regulatory approval to acquire CCFG.
- Trading volume and value on the JSE doubled in June from a year ago.
- Sagicor Life Jamaica was the best performing stock in the year on the JSE with a rise of 7%.
- Ciboney Group was the worst performing stock on the JSE for the year with a loss of 60%.
- Jamaica Stock Exchange board of directors announced 3 Jamaican cents quarterly dividend.
- Pulse Investments released third quarter financial statements.
- World markets rallied on Friday after European leaders took steps to offer direct lending to banks.
- Caribbean markets closed down for the week with Jamaica index falling more than 4%.
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Caribbean newsnow
Caribbeannewsnow.com
Last Update: May 24, 2004
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Fortis buys remaining 5 per cent stake in Belize Electric
Caribbeannewsnow.com
Last Update: May 24, 2004
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ST JOHN'S, Canada: Power producer Fortis Inc. has acquired the remaining five per cent of a Belize electricity generator it didn't own for US$3.5 million. Friday's announced purchase of the rest of Belize Electric Co. Ltd...
ST JOHN'S, Canada: Power producer Fortis Inc. has acquired the remaining five per cent of a Belize electricity generator it didn't own for US$3.5 million.
Friday's announced purchase of the rest of Belize Electric Co. Ltd. from the government of Belize makes the utility a wholly owned indirect subsidiary of Fortis, one of Canada's biggest private power companies. In early 2001, Fortis bought Duke Energy Group Inc.'s 95 per cent interest in Belize Electric for $62 million US. Belize Electric owns and operates the only commercial hydroelectric plant in Belize and sells its entire production to Belize Electricity, the primary power distributor in Belize and a company 68 per cent owned by Fortis. Fortis, based in St John's, Newfoundland, has more than $2.2 billion in assets and annual revenues of $843 million. Through subsidiaries, the company sells power in Newfoundland, Prince Edward Island, Ontario, Belize and the Cayman Islands. Fortis also produces power in Newfoundland, New York State and Belize and has investments in real estate and hotels. |
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