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Topic: Richard Hew
Cayman’s youth football ladder is about to become more complete.
Higher than average temperatures in May and June helped drive up electricity sales for the Caribbean Utilities Company, pushing its operating income to a US$0.5 million increase in the second quarter of this year.
Caribbean Utilities Company has closed the first US$40 million tranche of an US$80 million private placement.
The International College of the Cayman Islands held its 46th commencement ceremony late last month, to celebrate the Class of 2018.
Richard Hew, president and chief executive officer of Caribbean Utilities Company, was featured as a guest speaker at the International College of the Cayman Islands on Oct. 25 as part of the college’s mission to provide students with opportunities to engage with industry leaders in the Cayman Islands.
Caribbean Utilities Company, Ltd. announced third quarter net earnings of $7.7 million, an increase of $0.3 million compared to the same period last year. While a 5 percent increase in kWh sales supported net earnings, higher depreciation and general and administration costs partially offset the effect.
Tower, a strategic communications agency, recently added two Caymanian students, Parker Godwin and Stefan Langlois, to its team as summer interns. Mr. Godwin, 21, is a senior at the University of South Alabama, where he is double majoring in marketing and management.