Government Takes Steps to Boost Stock Market Participation with NAMCO Listing

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Residents and non-residents will soon have the chance to invest in the National Asset Management Company (NAMCO).

Ambassador Lionel Max Hurst, Chief of Staff in the Office of the Prime Minister, announced this decision during a post-Cabinet press briefing.

The move comes as part of an effort to encourage more residents to invest in stocks and bonds, with NAMCO being listed on the Eastern Caribbean Stock Exchange (ECSE).

Currently, there are only two local companies listed on the ECSE.

The government aims to broaden investment opportunities and change attitudes towards stock market investments.

NAMCO manages investments in the West Indies Oil Company, State Insurance Corporation, and Blue Horizon.

SOURCE: Pointe Xpress

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4 COMMENTS

  2. So NAMCO, the entity that we know nothing about, or has ever seen an audit of its finances, will be an entity on the stock market?
    Is NAMCO a company? Is it not tax payers money that funds this dubious entity?
    Something just doesn’t look right here. There are rumors of statuary board monies being chanelled into namco.
    What the hell is going on in this country?
    The sooner we get this idiot far away from our finances the better.

  3. I argue the Caribbean institutions are failing guts people. In this case the Eastern Caribbean Securities Exchange.
    A company goes public and is listed on the Exchange. Is this an IPO? if so where is the prospectus. Who are the investment bankers handling this?
    So many things are handled behind closed doors by a bunch of individuals who have no clue what they are doing. In their mind it sells well politically.
    This sounds like political gimmickry to me. Not even financial gimmickry; snd the Eastern Caribbean Securities Exchange should either stop these solicitations of the public or explains what the hell is going on.
    As I started out Caribbean institutions are failing its people

  4. @Sandra Clarke as a budding journalist please focus on the issues not the message not the pathological liar.
    How can Cabinet ask Antiguans and others to put their hard earned money into a company they nothing about financially?
    In any other place the AG and the institution ECSE involved would chiding him for being an idiot with what he said.
    Max is a product of the system. Let’s Change the system and the product will disappear from our consciousness

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