2007 - A year of corporate intrigue- Investment schemes pitted against banks; big takeovers underscored by boardroom drama
Nothing was more controversial than the upshoot o investment schemes in 2007 and their run-in with the island's rich banks, but the year was also full of intrigue in boardrooms as big conglomerates and financial houses chased after new holdings and high-profile partnerships.
Investment schemes under pressure
In 2007, most of the theatre occurred in what can be tagged informally as the 'alternative investment sector', now populated by at least two dozen self-styled investment clubs, plus their offshoots — all said to be immersed in currency trading. It emerged that church groups had...
The big deals of 2007
Jamaican companies were active in the merger/ acquisition market in the past year, in the search for growth and new markets at home and overseas, led on a timeline by GraceKennedy Limited. The acquisition gave the conglomerate a manufacturing presence in Europe to deepen its status...
Economic targets derailed by Dean, oil and grain
Even with national polls imminent and the uncertainty of when the election would be called, the year started out with positive expectations for the economy, no small part of which was momentum carried over from the peak 2.5 per cent growth in 2006 - a level not seen in decades.
Record oil prices send Jamaica's fuel bill soaring - Exploration for hydrocarbons continues
Jamaica's energy sector came under immense pressure over the past year, influenced mainly by the volatility of the international oil market as the price of crude spiralled to new highs. But the year was also marked by ownership changes in Jamaica's two most powerful energy companies...
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