Wed | Nov 22, 2017

Stories by Avia Collinder

Published:Wednesday | June 28, 2017 | 12:00 AMAvia Collinder

With hotel analytics firm STR reporting that room revenues within the Caribbean are still down due to discounting, the hotel lobby in Jamaica expects travel deals to remain a feature of marketing programmes as new rooms are commissioned into service...

Published:Wednesday | June 28, 2017 | 12:00 AMAvia Collinder

Massy Gas Products Jamaica, which distributes under the GasPro brand, is upgrading its Montego Bay liquefied petroleum gas or LPG terminal with an eye on new business in the expanding tourism sector.The Massy Holdings subsidiary is going up against...

Published:Sunday | June 25, 2017 | 12:00 AMAvia Collinder

Chairman of Sagicor Real Estate X Fund Limited, Richard Byles, said last Friday that the multimillion-dollar fees paid to Hilton hotel group for the use of its brand is a good deal.The real-estate investment company owns two hotels outright, for...

Published:Friday | June 23, 2017 | 12:00 AMAvia Collinder

The Betting, Gaming & Lotteries Commission (BGLC) is drafting regulations to legalise online gaming in Jamaica, but is mum on the entities that are lined up for licensing and unsure of the timeline for implementation...

Published:Friday | June 23, 2017 | 12:00 AMAvia Collinder

Microlending company Access Financial Services Limited has acquired the assets of another rival, Micro Credit Limited (MCL), whose brand it plans to keep as a market retention...

Published:Friday | June 23, 2017 | 12:00 AMAvia Collinder

National Insurance Fund (NIF) will be rolling out two developments in St Ann, one of which will provide housing.The...

Published:Wednesday | June 21, 2017 | 12:05 AMAvia Collinder

Winchester Surgical & Medical Institute, owned by consultant surgeon Dr Neville Graham and other doctors, is reporting progress on plans to go public and list on the junior stock market...

Published:Wednesday | June 21, 2017 | 12:00 AMAvia Collinder

Newly passed legislation that will serve to lift the veil on beneficial owners of offshore registered companies needs to be put into immediate effect if Jamaica is to avoid sanction, according to Registrar of Companies Judith Ramlogan.Delay, she...

Published:Wednesday | June 21, 2017 | 12:00 AMAvia Collinder

Tax Administration Jamaica (TAJ) reported on Tuesday that local financial institutions required to report under the Foreign Account Tax Compliance Act (FATCA) are now 100 per cent compliant.FATCA is United States legislation designed to target US...

Published:Sunday | June 18, 2017 | 12:00 AMAvia Collinder

Jamaica Broilers Group (JBG) is introducing a new bird to the market, called the Barred Rock, which the poultry producer says is likely to lead to a cut in the price of table eggs.The bird is targeted for what Jamaica Broilers describes as the '...

Published:Friday | June 16, 2017 | 12:00 AMAvia Collinder

Salada Foods Jamaica has decided to shelve the ginger project that would have supplied raw material to its spice-making subsidiary and source the tuber from small...

Published:Friday | June 16, 2017 | 12:00 AMAvia Collinder

JMMB Group is adding a new remittance partner with an eye on regional markets and inroads into territory controlled by large competitor GraceKennedy through its...

Published:Wednesday | June 14, 2017 | 12:00 AMAvia Collinder

West Indies Home Contractors will oversee a 37,000-square foot, three-storey office building project on behalf of Canadian firm Advantage Communications Inc to house a business process outsourcing or BPO centre, currently slated for Portmore.The...

Published:Wednesday | June 14, 2017 | 12:00 AMAvia Collinder

Patty maker Tastee Limited opened it 51st store to the east of the island in Port Antonio, Portland, last Friday, under agreement with a franchise partner.Chief Executive Officer Ryan Foster said the new store was "a multimillion-dollar investment...

Published:Wednesday | June 14, 2017 | 12:00 AMAvia Collinder

Proven Investments Limited (PIL), an offshore company owned by Jamaicans, will offer 68.9 million in new shares to existing shareholders for US$0.24 per unit, at month end. The offer to be brokered by subsidiary company Proven Wealth Limited would...

Published:Sunday | June 11, 2017 | 12:00 AMAvia Collinder

Local companies for the first time have submitted returns which disclose their connected parties to Tax Administration Jamaica (TAJ) a requirement under the new transfer pricing law which aims to reduce revenue leakage.The rules were adjusted under...

Published:Friday | June 9, 2017 | 12:00 AMAvia Collinder

Jammin Java Corp, based in the United States, is expected to pay out nearly US$2.46 million for trademark infringement to two Marley family-controlled companies that own...

Published:Wednesday | June 7, 2017 | 12:00 AMAvia Collinder

Margaritaville Caribbean Limited (MCL) will delist its preference shares from the Jamaica Stock Exchange (JSE) by early next week.Its subsidiary restaurant company, Margaritaville Turks Limited, will continue to trade on the US dollar market of the...

Published:Wednesday | June 7, 2017 | 12:00 AMAvia Collinder

Guardian Life Limited (GLL) will launch its first real estate development project in mid-June, a $6-billion initiative intended to speed up investment returns for the life insurance company, according to president Eric Hosin.The residential...

Published:Sunday | June 4, 2017 | 12:00 AMAvia Collinder

A representative of the Bustamante Trade Union (BITU) said on Friday that the 100 jobs on the chopping block at Scotiabank Jamaica remains the subject of negotiation and that the intent is to reduce the number of positions to be made redundant.It's...

Published:Friday | June 2, 2017 | 12:00 AMAvia Collinder

Senator Norman Grant, president of the Jamaica Agricultural Society (JAS) and CEO of Mavis Bank Coffee Factory Limited, says recent weather events and leaf rust disease is...

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