Business

MONTEGO BAY, Jamaica—

Trading activity on the First Tier Market registered a volume of 665,055 shares crossing the floor of the Exchange valued at $2,406,154.19.

Anthony Pierre, a council member of the Institute of Chartered Accountants of T&T (ICATT), has been appointed to head the Institute of Chartered Accountants of the Caribbean (ICAC). The appointment was made at the June board meeting of the regional accountancy body in Guyana.

NGC CNG Company Limited president Curtis Mohammed says trends are indicating increased private sector support for the initiative to accelerate and expand the use of compressed natural gas (CNG) as the country’s major alternative transportation fuel.

Chairman of the Clico Policyholders Group (CPG) Peter Permell has described Finance Minister Colm Imbert’s attempt to liquidate CL Financial as an “unfortunate and unnecessary act of desperation.”

The future of state-owned Petrotrin will be decided by the first week of August.

Government applied to the court last month to get a provisional liquidator for CL Financial (CLF) to block majority shareholders from trying to regain control of CLF companies at a July 26 board meeting where they planned to put more of their members on the board.

Claire Gomez-Miller has been appointed executive chairman of Clico and chairman of British American Company (Trinidad) Ltd. She replaces Neal Dingwall who was non-executive chairman of both companies briefly for a week, the Central Bank confirmed yesterday.