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ECCB approves Scotia Bank sale – Dominica News Online

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The Eastern Caribbean Central Bank (ECCB) has approved the sale of Scotiabank’s operations to Trinidad & Tobago’s Republic Financial Holding Limited (RFHL) in Dominica and several other countries of the sub-region, minus Antigua and Barbuda.

The ECCB disclosed the information in a release last week, stating that it has, “in consultation with the ECCB Monetary Council, approved the application for the transfer of the assets and liabilities of the Bank of Nova Scotia (BNS) to the Republic Financial Holding Limited (RFHL) in Dominica, Anguilla, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines, pursuant to Section 43 of the Banking Act.

The release added that “discussions on the future of Scotiabank’s operations in Antigua and Barbuda are ongoing.”

When the bank first made the announcement, they received a backlash from Antigua and Barbuda’s Prime Minister Gaston Browne.

And now, he has said that the twin island is now in a better position than before.

“In the first instance, the only leverage that we had would have been not issuing the vesting order. Now we’re in a better position because, guess what? They neither have approval from the Central Bank nor would they get the vesting order. So our position is even stronger today than it was two days ago,” Browne, who is also the country’s Finance Minister, said.

The RFHL stated in a release that the ECCB has said that it believes that the corporate banking record of the Republic Group and its extensive network of correspondent banks will bode well for the Eastern Caribbean Currency Union (ECCU) banking sector.

In November of 2018, the Republic Group announced that it had entered into an agreement to acquire the BNS banking operations in various territories. The execution of the agreement signalled the commencement of a transaction that remains subject to all regulatory and other customary approvals and conditions.

This approval is the most recent of those gained by RFHL since the announcement. Previous approvals include a letter of “No Objection” from the Central Bank of Curacao and St. Maarten and approval from the Central Bank of Trinidad and Tobago (CBTT).





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New Portsmouth housing development to be named after Rosie Douglas – Dominica News Online

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Portsmouth housing

The new Housing Development in Georgetown, Portsmouth will be named after the late Rosie Douglas, a former prime minister of Dominica.

Prime Minister Roosevelt Skerrit made the announcement during a handing-over ceremony recently.

Sixty-eight families have already benefited from this new development. Twenty-four (24) received keys for their new homes, while the remaining 44 will receive their new homes in the upcoming weeks.

 “We have decided to name this housing development in honour of our late Parl Rep [Parliamentary Representative] and Prime Minister Rosie Douglas,” he revealed. “This development will be known as the Rosie Douglas Housing Development.”

Prime Minister Skerrit advised residents to take care of their new homes and to avoid quarrels with neighbours.

“If you are going to name the place after Rosie who has been good to so many of us in Dominica, one, you have to maintain the place clean; two, you have to keep the flowers planted and three, no noise among neighbours,” he advised. “It’s only peace and love.”

The prime minister cited the  CBI-funded project as am example of how the government has been able to utilize the Citizenship By Investment Program to directly benefit of families and residents of Dominica.

“We have had the CBI Program since 1993 and the only tangible things that you have seen the CBI has done for Dominica is under this Dominica Labour Party [DLP],” Skerrit stated. “This is the only party that can point to things – housing, infrastructure – that had been done in the country utilizing these funds, so we are grateful for this medium for raising funds.”

According to him, had it not been for this CBI funds, “and not only the CBI funds in itself”, but the prudent management of the funds, “we would have been in great difficulties after this Hurricane Maria.”





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Karlyn Joseph- a diverse package – Dominica News Online

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Karlyn C. Joseph is a twenty five year old photographer and upcoming makeup artist as well as a YouTube content creator who resides in Roseau Dominica.

Karlyn started her YouTube channel because she wanted to show others that some of the things that they go through, everyone goes through and that they are not alone. She wanted to be able to inspire others to follow their dreams regardless of their circumstances.

Although she works from home, she says it has been tough finding the right balance due to the fact that being a stay at home mother is a job on its own, but time management is key. She said she had to learn to make a schedule and try her best to stick to it throughout the day. She also had to remember that she is not alone and cannot do everything on her own. The support of her husband, who helps out in whatever way he can and her parents who provide a great deal of help, has made things easier.

Karlyn began photography in 2012 after realising that she enjoyed being behind the camera. However, it was not until later that she decided that she would rather be her own employer rather that be someone else’s employee because of the freedom and excitement involved in running your own business. It quickly became her passion.

Karlyn’s biggest obstacle was being able to finance her dreams. A lot goes into running a business and with photography equipment not being readily available on island, she had to import the equipment that she needed making it more costly.

It quickly became obvious to her that her ability was being underestimated because she is a woman in the photography business which is believed to be a man’s job. She therefore received a lot of pressure and criticism about her work. But her determination to become one of the best, made it easy for her to overcome.

She hopes to impact people in a positive way through her YouTube videos. She tries to show people a glimpse of her life in order to help them see that she goes through similar problems as everyone else and how she tackle these problems daily as a family unit. She also tries to put a smile on people’s faces with a few funny videos and challenges now and then and also want to show people that social media is not always harmful and that they need to be more open minded to the idea of vlogging.

Karlyn’s goal is to continue to be an entrepreneur, she would love to own many different small businesses and grow as a social media influencer. Not necessarily for fame, but for the opportunity to share her story with others in hopes of inspiring and educating others.

Her encouraging words to young entrepreneurs are to “stop waiting for the “right time” because there is no such thing. I’m not saying stop everything you’re doing and start your own business. But start working towards it today. In this moment. And don’t let others discourage you.”

Karlyn Joseph’s photography business can be found on Facebook and Instagram by the name 93k Studios. You can also subscribe to her YouTube channel 93K Family.





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Minister of Youth, National Youth Council, 1,500 Dominican Students Stand for Peace – Dominica News Online

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On Wednesday September 18, more than 1,500 primary and secondary school students and members of youth organizations are expected to march for peace in Roseau, Dominica. To commemorate this event, the Minister of Education Hon. Petter Saint Jean will sign a Memorandum of Agreement to support an international peace law, the Declaration of Peace and Cessation of War (DPCW) to spread a culture of peace throughout all of Dominica.

Students will gather at the cruise ship terminal and march toward Windsor Park Stadium.  During the event there will be performances, a poster contest, and brief speeches from the Minister of Youth, National Youth Council President Alexander Baron, the International Peace Youth Group (IPYG) and United Nations-affiliated peace organization Heavenly Culture World Peace Restoration of Light (HWPL), which has toured several Caribbean countries from St. Kitts and Nevis to Belize to Antigua and Barbuda — who signed the DPCW with HWPL earlier this year.

“This peace walk could not have come at a better time,” said a local Roseau restaurant owner. “It’s exciting to see Dominican people, especially the youth, come together.”

The peace walk is being organized by the Dominica government in partnership with IPYG. IPYG’s vision is to mobilize youth around the world to cultivate a culture of peace within their communities. The youth of IPYG accomplish this purpose through youth advocacy, youth empowerment and peaceful campaigns similar to Wednesday’s Peace Walk.

A similar Peace Walk will take place in Belize next week.

Who – 1,500 primary and secondary school students and members of youth organizations marching for peace alongside key members of the Dominica Government, including Minister of Education Hon. Petter Saint Jean, and National Youth Council President Alexander Baron.

What – Non-Partisan Peace March commemorating Dominica’s support of the DPCW

When – Wednesday, September 18, 2019 at 10:00 AM

Where  – Peace walk will start: Cruise ship terminal at the Bay Front; will end at: Windsor Park Stadium.





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