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Business Briefs

Published:Wednesday | May 5, 2021 | 12:23 AM

l Goodyear Jamaica Limited, a defunct company that voluntarily wound itself up a dozen years ago, is finally to distribute funds left over after the liquidation to shareholders, according to a notice posted on Friday on the Jamaica Stock Exchange. The tyre company, which was wound up at end-December 2008 and delisted from the JSE, will pay out 63 cents per share, less 4.0 per cent transfer tax, on May 21.

l The Universal Service Fund has established Wi-Fi hotspots in public locations across Jamaica, branded as USF Connect, and intends to install another six by year end.

l Dr Warren Smith demitted office as Caribbean Development Bank’s president on Friday, April 30, after a full decade at the helm. During the period, the Barbados-based bank grew membership to 28 countries, “with Suriname joining in 2013 and Brazil in 2015”, and set up a country office in Haiti in 2018. Effective May 1, Smith is succeeded by Dr Hyginus ‘Gene’ Leon, a former resident IMF representative for Jamaica.