Fri | Nov 24, 2017

Stories by Avia Collinder

Published:Sunday | October 29, 2017 | 12:00 AMAvia Collinder

Digital product delivery at the NCB Financial Group is being pursued at hyper-speed, by the company's own estimation, with new cross-functional teams at work in a specialist information technology unit, called the Agile Lab.At the helm within the...

Published:Friday | October 27, 2017 | 12:00 AMAvia Collinder

Real estate investments in Jamaica are among the highest in the Caribbean, and are being driven by highway development and population increase, according to Petal James, the acting head of...

Published:Friday | October 27, 2017 | 12:00 AMAvia Collinder

Jamaica's central bank is eyeing the Chinese renminbi, the RMB, as an opportunity to reduce reliance on US dollar usage in the Jamaican economy.John Robinson,...

Published:Friday | October 27, 2017 | 12:00 AMAvia Collinder

The total value of mortgages for the June quarter was down 10.6 per cent to $9.2 billion, relative to the corresponding quarter of 2016.The numbers exclude disbursements by Jamaica Mortgage...

Published:Wednesday | October 25, 2017 | 12:00 AMAvia Collinder

Jamaica will soon eliminate small coins, and while such a measure tends to lead to a 'rounding tax', the monetary authority say that won't happen when it comes to foreign exchange rates, stock prices, dividends and any other non-cash transactions.It...

Published:Tuesday | October 24, 2017 | 12:00 AMAvia Collinder

Having yesterday gained three seats on the 12-member board of the lottery company, Supreme Ventures Ltd (SVL), brokerage house Mayberry Investments Limited said it is reviewing its demand for an emergency general meeting (EGM), while its boss,...

Published:Sunday | October 22, 2017 | 12:00 AMAvia Collinder

The Blanco Group, owners of Lanco Paints, will be opening its first factory in Jamaica next year, an investment that falls within the ballpark of US$10 million.Deborah Cumming, managing director/broker of Century 21 Heave Ho Properties Limited, said...

Published:Saturday | October 21, 2017 | 12:00 AMAvia Collinder

Caught off guard by what appears to be a dual effort by new Trinidadian shareholder Zodiac and investment house Mayberry at a hostile takeover of the Supreme Ventures Limited board, the current directors are huddling with their lawyers on how to...

Published:Friday | October 20, 2017 | 12:00 AMAvia Collinder

Chief financial officer (CFO) Dan Theoc has resigned from the Jamaica Public Service Company Limited (JPS) after 16 years in the power utility's employ.The company,...

Published:Friday | October 20, 2017 | 12:00 AMAvia Collinder

​The timeline for introducing the second component of the new foreign exchange trading tool, known as B-FXITT, to allow for the purchase of currency is yet to be determined, even as central bank chief Brian Wynter touts the initial phase as working as intended...

Published:Friday | October 20, 2017 | 12:00 AMAvia Collinder

ANSA Coatings International Limited got just over three per cent more of the Berger Jamaica shareholdings, a result that signalled overwhelming rejection of its bid...

Published:Wednesday | October 18, 2017 | 12:00 AMAvia Collinder

The Ministry of Labour & Social Security will break ground Thursday, October 19 for new offices in St Ann, following the approval by Cabinet of a contract for construction valued at more than half-a-billion dollars...

Published:Wednesday | October 18, 2017 | 12:00 AMAvia Collinder

Digital ledger, or blockchain technology, is set to change the way both private companies and governments do business, says Mat McGuire, a financial crime risk management expert from Canada.The technology has substantial utility as a solution to...

Published:Sunday | October 15, 2017 | 12:00 AMAvia Collinder

Petroleum Corporation of Jamaica (PCJ) has got foreign backing for a prefeasibility study on the prospect of setting up another wind farm, but one that would be anchored out at sea.An American outfit called Keystone Engineering Inc has been invited...

Published:Sunday | October 15, 2017 | 12:00 AMAvia Collinder

The Urban Development Corporation says that it continues the search for the site for Jamaica's third city but notes that the master plan contemplated will lean towards business incentivisation.The agency is pursuing the project in stages: first,...

Published:Friday | October 13, 2017 | 12:00 AMAvia Collinder

Avia CollinderBusiness ReporterRohan Miller, the chief executive officer of Sagicor Investments Jamaica Limited and Sagicor Real Estate X Fund Limited and...

Published:Friday | October 13, 2017 | 12:00 AMAvia Collinder

Director of Public Prosecutions Paula Llewellyn is of the view that the pushback from the legal fraternity notwithstanding, its members would have to...

Published:Friday | October 13, 2017 | 12:00 AMAvia Collinder

Financial fraud expert Robin Sykes is suggesting that a portion of the criminal proceeds confiscated by the State be given to Jamaica's under-resourced courts and...

Published:Friday | October 13, 2017 | 12:00 AMAvia Collinder

​Businesses are being advised to invest more in cybersecurity systems and tech security talent to protect themselves against hackers and cybercrime.Cybersecurity expert Karl Chambers, president and CEO of Diligent Security from Atlanta in the United States...

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Published:Wednesday | October 11, 2017 | 12:01 AMAvia Collinder

The Jamaican police is refining strategy to hit human traffickers “in the pocketbook”, says Deputy Superintendent of Police Carl Berry, even as the perpetrators are increasingly burrowing underground by switching to crytocurrencies to...

Published:Wednesday | October 11, 2017 | 12:00 AMAvia Collinder

The Real Estate Board of Jamaica is developing penalties as a way to incentivise the banking sector to report the withdrawals from escrow accounts that developers are required to establish to safeguard client funds.Chief Executive Officer Sandra...

Published:Wednesday | October 11, 2017 | 12:00 AMAvia Collinder

Private pharmacies have struck a new agreement with the state-backed drug-distribution programme that will see them operating as business partners instead of rivals, starting this month.Competition from the Drug Serv programme operated by the...

Published:Sunday | October 8, 2017 | 12:00 AMAvia Collinder

Hinduja Global Solutions plans to double its Jamaican workforce in the medium term, but is hedging full execution of the expansion plan against market conditions.Anand Biradar, the country head for Jamaica and vice-president for business development...

Published:Sunday | October 8, 2017 | 12:00 AMAvia Collinder

Abe Dabdoub said last Friday that he is targeting a market of teachers, policemen, hotel workers and young professionals for a multistorey development that is expected to break ground in January at Coral Gardens in Montego Bay.The complex will...

Published:Friday | October 6, 2017 | 12:00 AMAvia Collinder

For the past year, the Bank of Jamaica (BOJ)has systematically been pulling foreign currency out of the market as it polices dollarisation, but while commercial bankers...

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