Remaking UGI's image -Lee Chin seeks 'Advantage' in new name
Billionaire investor Michael Lee Chin relaunched his newest insurance acquisition under a new name Wednesday, Advantage General Insurance, giving a new face to the old United General Insurance (UGI). Lee Chin, through AIC Barbados, paid Neville Blythe $750 million last April...
No listing for CVM-TV
The 2006 plans to list CVM TV on the Jamaica Stock Exchange by February of this year have been shelved says AIC, new owners of the communication company.Last year February, former president and then majority shareholder, Neville Blythe, announced plans to list CVM TV on the JSE...
Dyoll suspended by JSE - Barred twice in two years
The cash-strapped Dyoll Group, unable to pay its annual listing fee, was suspended from trading on the Jamaica Stock Exchange Thursday. "It is in the best interest of shareholders and all stakeholders in the stock market to suspend trading in the company's shares...
Pension fund refunds not suspended - Keene
Tax services head Vinnette Keene said Wednesday that her department stands by a Finance Ministry commitment to pay tax refunds owed on pension fund investments, and would fulfil the commitment by year end. The payments of outstanding refunds began lastSeptember...
Kingston Wharves invests $3b in expansion -Needs $5b more to fully modernise
In four years since its acquisition by a local group, Kingston Wharves Limited has invested $3 billion in the ongoing redevelopment and expansion of its five-decade-old port operations, carving out a niche in vehicle transhipment for itself in the process....
Sale of UK subsidiary results in record profits for JPG
Jamaica Producers Group Limited (JPG) has declared record year end profits of $2.6 billion to December 31, quadruple its position in the year prior when it made $461.6 million.The strong gain in income for 2006 was a one-off event for the conglomerate...
That US1? airfare -it's for real!
A ONE-CENT fare for a plane ride seems awfully ridiculous, and unlikely to result in a pleasant flying experience, and so as a news-hound, I opted to test it - at my own expense.With expectations that I would be disappointed...
The real strategic value of GraceKennedy's acquisition of WT Foods
GraceKennedy's acquisition of WT Foods is, in order of magnitude, larger than any of the conglomerate's past investments, and so is very important to its future. "It is a significant investment relative to the size of Grace-Kennedy - it represents about 15 per cent...
Only the big survive
I do something utterly unusual today, comment on the column of a contributor to this newspaper albeit the daily and not the Financial Gleaner. The columnist, Delroy Chuck, won't mind. We share a friendship begun more than three decades ago as students playing chess...
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