Rural Development and Local Government Minister Karim Hosein yesterday warned that he is taking a tough stance against corruption at the level of regional corporations.
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Trading Summary for week ended September 28, 2012
WEEKLY BULLETIN for week ended September 28, 2012
GraceKennedy Limited (NML) – 27.09.12
The following press release was issued by GraceKennedy Limited: GraceKennedy Limited is pleased to announce the appointment of its Group Chief Financial Officer, Mr Frank James, to the Board of Directors effective September 27, 2012.
Frank joined GraceKennedy in August 2005 as Vice President of Strategic Planning and Corporate Development for the then Information Services Division.
In December 2006 he assumed the role of Principal, GK Investments, now GraceKennedy Financial Group. He was seconded to Jamaica International Insurance Company, JIIC, as a member of the Management Team in April 2010, and joined the Corporate Finance and Accounting Department of GraceKennedy as Principal in November 2010. He was appointed Deputy CFO on July 1, 2011 and Group CFO on January 1, 2012.
Frank holds an MBA in Financial from the University of California, Los Angeles, Anderson School of Management and a B.Sc. in Management Studies and Accounting from The University of the West Indies. He is also a CFA charterholder. Currently, he sits on a number of boards in the GraceKennedy Group including GraceKennedy Financial Group Limited, GraceKennedy Foods & Services Limited, GraceKennedy Money Services Caribbean and Dairy Industries (Jamaica) Limited. He has also served on the Economic Policy Committee of the Private Sector Organisation of Jamaica.
Republic Bank Limited (RBL) –20.09.12
Republic Bank Limited has informed the Stock Exchange that at a Board Meeting on September 19, 2012, the following dates were considered and approved relative to the payment of a final dividend for the year ending September 30, 2012:
• Closing of Register/Record Date : November 19, 2012
• Payment of Dividend : December 3, 2012
One Caribbean Media Limited (OCM) – 11.09.12
The following announcement was received from One Caribbean Media Limited:
We are pleased to announce that further to our communication of July 26, 2012, OCM has assumed with effect from September 16, 2012, management control of the 3 radio stations formerly owned and operated by the Citadel Group – I95fm, Red96.7fm and Hitz107.1fm. This acquisition is considered a good “strategic fit” for the Group and augers well for the future. We take this opportunity to welcome the management and staff of these three radio stations to the OCM Group.