Fri | Nov 24, 2017

Stories by Avia Collinder

Published:Sunday | August 20, 2017 | 12:00 AMAvia Collinder

One of Jamaica's least known but paradoxically popular citrus fruits appears to be weathering the greening and other diseases that have shrunk national supplies of other fresh fruit, through replanting of the orchard.For more than 80 years, the...

Published:Friday | August 18, 2017 | 12:00 AMAvia Collinder

Citrus sellers are now enjoying premium price on the fresh fruit market because of shortages created by disease. Price paid per box has tripled over five years, says Dr Percy Miller, technical director of the Jamaica Citrus Growers Association (JCGA)...

Published:Wednesday | August 16, 2017 | 12:00 AMAvia Collinder

Trade Winds Citrus Limited, maker of Tru-Juice beverages, is planning to move into exports with its tetra pak line of products to Caribbean markets.It will also be bottling two new chilled products, green vegetable and beet root juices, for local...

Published:Wednesday | August 16, 2017 | 12:00 AMAvia Collinder

The Jamaican arm of Heritage Education Funds International (HEFI) now has more than US$112 million in assets under management, according to new agency director Kameka Headley Clarke.That translates to more than $14 billion in local currency.The...

Published:Wednesday | August 16, 2017 | 12:00 AMAvia Collinder

Gary Matalon, CEO of KLE Group Limited, is projecting a rise in revenue for the listed company from both the initial franchise fee and royalties arising from the new deal between associate company FranJam and United Kingdom-based Casual Dining...

Published:Tuesday | August 15, 2017 | 2:31 PMAvia Collinder

Kingston Wharves has offered to assist in any way it can to clear a backlog of containers which have been piling up at Kingston Freeport Terminal Limited (KFTL) since last week. The problem arose from the establishment of a new software...

Published:Monday | August 14, 2017 | 11:53 AMAvia Collinder

JMMB Merchant bank (JMMBMB), a subsidiary of the JMMB Group,  has become the island's eighth commercial bank following receipt of a licence on Friday, August 14. In September 2016,  the central bank approved JMMBMB's...

Published:Sunday | August 13, 2017 | 12:00 AMAvia Collinder

Everton McFarlane has been in charge at the Financial Services Commission (FSC) since August 2, but the appointment was only disclosed Friday in press advertisements.The former financial secretary had been tipped for the job, but sources said others...

Published:Sunday | August 13, 2017 | 12:00 AMAvia Collinder

Orville Lewis, operations manager at Bevad Management Services Limited, confirmed on Friday that the New Kingston Shopping Centre has been sold and placed under new management.Cable and Wireless Pension Fund sold the complex to Josa Investments...

Published:Friday | August 11, 2017 | 12:00 AMAvia Collinder

Jamaica Citrus Growers Limited, JCG, is being wound up by newly appointed receiver Wilfred Baghaloo of PwC Jamaica, five years after the company's plant assets and some of...

Published:Wednesday | August 9, 2017 | 12:00 AMAvia Collinder

Trustee for Jamaica Beverages Limited, Wilfred Baghaloo, says he is restructuring the company's finances under bankruptcy protection, and would soon put a proposal to creditors for rehabilitation of the business.Baghaloo, a director of PwC Jamaica,...

Published:Wednesday | August 9, 2017 | 12:00 AMAvia Collinder

Crafton Holdings, which trades as Convenience Foods Liquid Eggs, is increasing production as it secures new contracts in the hotel and baking sectors.Since starting deliveries in December 2016, Convenience Foods said it has scored supply contracts...

Published:Sunday | August 6, 2017 | 12:00 AMAvia Collinder

COK Sodality Credit Union, whose remittance business was hit last year by account closures linked to derisking by correspondent banks is now shrugging off the experience and forging new ties with local money-transfer businesses.Back in September...

Published:Friday | August 4, 2017 | 12:00 AMAvia Collinder

Bill payment company Paymaster Jamaica Limited is bent on deepening its footprint in the remittance market, and is now looking towards its partnership...

Published:Friday | August 4, 2017 | 12:00 AMAvia Collinder

First Global Bank Limited, Jamaica's second-smallest commercial bank, is about to grow its network nearly fivefold but through a system of mini branches that...

Published:Friday | August 4, 2017 | 12:00 AMAvia Collinder

Courtney Campbell, president of the Victoria Mutual Group (VMBS) says fee increases, which took effect on Emancipation Day, August 1, are negligible and still...

Published:Wednesday | August 2, 2017 | 12:00 AMAvia Collinder

Jamaica Broilers Group is soon to introduce burgers and hot dogs and sausages to the Cayman Islands market, under plans to boost its regional exports.The poultry group began talking up its Caribbean footprint after local rival CB Foods diversified...

Published:Wednesday | August 2, 2017 | 12:00 AMAvia Collinder

Sagicor Real Estate X Fund Limited, the real estate investment company run by Sagicor Group, saw its half-year profit erode by 30 per cent, some of which was linked to ongoing spend on the renovation of new acquisition Palmyra.Net profit fell to $...

Published:Wednesday | August 2, 2017 | 12:00 AMAvia Collinder

Dr Lawrence Williams, adjunct professor in the College of Health Sciences at the University of Technology, says he and his business partner have obtained a United States patent for an anti-cancer formulation based on the guinea hen weed.The Jamaican...

Published:Wednesday | August 2, 2017 | 12:00 AMAvia Collinder

Alfred Robinson, owner of Mello FM operator Cornwall Broadcasting Company Limited, is investing upwards of $45 million to bring two new radio brands to market, Energy FM and Riddim 96 FM, which will begin test transmissions in late August.Energy FM...

Published:Wednesday | August 2, 2017 | 12:00 AMAvia Collinder

Victoria Mutual Building Society (VMBS) will use the proceeds of a deferred share offer, which closed in June, to finance new mortgage loans.The society collected around $4 billion from six deferred share issues in the month."We aim to see loan...

Published:Sunday | July 30, 2017 | 12:00 AMAvia Collinder

NCB Financial Group made net profit of $14.7 billion for the nine months ended June, an increase of 48 per cent over the corresponding period last year and 17 per cent more than its intake of $14.4 billion for the full year to September 2016."Our...

Published:Friday | July 28, 2017 | 12:00 AMAvia Collinder

Jamaica exported its highest quantities of ackee last year, according to Jampro vice-president Robert Scott, who was bullish about the prospects for such non-traditional goods in...

Published:Friday | July 28, 2017 | 12:00 AMAvia Collinder

Tourism Minister Edmund Bartlett confirmed that the Urban Development Corporation (UDC) has cancelled plans to sell land to Celebration Jamaica Development Limited for a casino resort...

Published:Wednesday | July 26, 2017 | 12:00 AMAvia Collinder

Courtney Wynter, general manager of Jamaica Mortgage Bank (JMB), said Monday that the state-run mortgage bank is now seeing wider participation from mortgage providers in its mortgage indemnity insurance fund, referred to as MII.The fund, as a...

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