Hits: 534 Created on 02 March 2017 Written by REX RESORTS Category: BUSINESS
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REX RESORTS RESPONDS TO MINISTER STEELE'S LATEST CLAIMS

At a recent post-cabinet press briefing, Minister for Health Nicholas Steele yet again made a number of misleading statements related to The Grenadian by Rex Resorts and our 99-year lease with the Government. It is clear from the Minister's most recent comments that he is still not familiar with the terms of the lease agreement, as Rex Resorts remains current on all terms and has met or exceeded the requirements outlined in the lease agreement. Below we take a closer look at some of claims made by Minister Steele:

Read more: STEELE CAUGHT --- AGAIN!
 
Hits: 370 Created on 01 March 2017 Written by George Category: BUSINESS
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NEW CHAIRMAN & DEPUTY CHAIRMAN FOR CO-OP BANK

St. George -- At its meeting of February 23rd, 2017, the Board of Directors of Co-op Bank elected Mr. Ambrose Phillip as its new Chairman. Mr. Phillip has replaced Mr. Derick Steele who has been a member of the Board for twenty-four (24) years, the last seven (7) of which he served as Chairman.

Mr. Phillip is a 1981 graduate of the University of the West Indies' Management Studies programme and holds an M.Sc. in Ports and Shipping Administration from the Swedish based World Maritime University. He also holds a certificate in Legal Education and is a Court-Connected Mediator of the Eastern Caribbean Supreme Court. As a director of the Bank since 2011, Chairman Phillip brings a wealth of experience to his new role, having served as a member of the Audit & Risk Management Committee and the ad hoc "Think Tank" Committee of the Board. He has also served in directorship positions at the Grenada Board of Tourism, Grenlec, Grenreal Property Corporation, Grenada Public Service Co-operative Credit Union and the National Stadium Authority.

Read more: CHANGING THE OLD GUARD
 
Hits: 450 Created on 24 February 2017 Written by George Category: BUSINESS
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DE SAVARY'S COTTAGES REAPPEAR AS A PROJECT OF THE BLUE ECONOMY

The (reading) public and others who have been following the workings of the Willie Redhead Foundation over the years, will recall the controversy during 2007 when it was discovered, that a foreign real estate speculator intended to build cottages along the narrow strip of land between the lagoon and the Kirani James Boulevard, and the steps that were taken with the assistance of Citizens in defence of Grenada's Lands and Heritage and the Lagoon Road Development Committee together with the public to prevent this hostile and un-Grenadian occurrence.

Read more: THE SENTINEL
 
Hits: 406 Created on 23 February 2017 Written by William Joseph Category: BUSINESS
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ENDANGERING THE PUBLIC INTEREST AND DAMAGING PRIVATE INVESTMENT: THE REX ACQUISITION

The election of a party into Government does not bestow an exclusive licence on the winners to define and declare the public interest to suit their whims and instincts. Otherwise, there would be no need or place for a Constitution, the Courts, judicial review or the tort of misfeasance in Public Office. The planned acquisition of the REX is not pursuant to policy, process or political philosophy. Therefore, its instigation may well be found in a playground of sorts.

Read more: STICKING A PIN ON...
 
Hits: 327 Created on 23 February 2017 Written by GIS Category: BUSINESS
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APPLAUDS GRENADA'S ECONOMIC POLICIES

ST. GEORGE -- The Barbados based Caribbean Development Bank has applauded the Government of Grenada over measures implemented to rekindle the local economy.  Both the CDB president Dr. Warren Smith and its director of economics, Justin Ram, have praised Grenada's decision to implement laws to curb spending and hold monthly social partners meetings.

Read more: CDB VENTS
 

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