Drummond heads GK Funds in Cayman
Robert Drummond, recently assigned to scout and execute new business ventures for Grace-Kennedy's financial service arm, GK Investments, has now been named as CEO of the group's Cayman Islands-registered fund management subsidiary...
Goodyear relocates... Says fire won't impede performance
Goodyear Jamaica Limited has moved to 248 Spanish Town Road, following a January 12 Queen's Warehouse fire that damaged its administrative offices at No. 230 and claimed some of its tyre inventory. The company also said it resumed shipment...
David Smith defends Olint
David Smith, the foreign exchange trader at odds with financial regulators, says he has never guaranteed his clients the consistent returns reported in the press, and that his firm Olint is now a legitimate player in other Caribbean jurisdictions.
Chang's CNG plans hit snag
Partners, Canadian Sea Natural Gas Manage-ment Corporation and businessman Raymond Chang, have hit a snag in their plans to supply Jamaica with compressed natural gas (CNG). "The problem is there is no gas available," Chang told Wednesday Business.
CI Funds consultant warns against 'too-good-to-be-true' investments
Until Monday, Mike Kelly had not heard of David Smith or his currency trading 'club' that has generated so much controversy in Jamaica. But Monday when the veteran Canadian mutual fund manager was asked by potential Jamaican investors...
Hylton appointed chairman of Harmonisation Ltd
Banker Patrick Hylton has replaced Richard Byles of chairman of Harmonisation Limited, but said he would not discuss the US$1.2 billion Harmony Cove project ahead of his first board meeting next week.
CI Investments' strategy built on diversification- Chang
Raymond Chang, chairman of CI Investments, says his fund has outperformed Michael Lee Chin's AIC Funds because of the diversification strategy that the company employs. "I don't want to take a shot at Mike ... we have a different investment philosophy...
NHT puts Jamintel building on market
The National Housing Trust (NHT) has put up for sale the seven-storey Jamintel building in central Kingston that it acquired nearly two years ago as the proposed headquarters for the Jamaican police force.
NHDC pays down debt... From property sale to NHT
The National Housing Development Corporation Limited (NHDC) has paid down hundreds of millions of debt, using some of the proceeds of the $846 million earned from the sale of two government-owned properties to National Housing Trust.
Trinidad to close down sugar industry next year
Port-of-spain (CMC): The Trinidad and Tobago government is establishing an inter-ministerial committee to develop an exit strategy out of sugar after more than 150 years. The announcement was made Monday to sector players during a meeting...
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