Thu | Oct 18, 2018

Stories by Neville Graham/Business Reporter

Published:Wednesday | October 3, 2018 | 12:00 AMNeville Graham/Business Reporter

Paramount Trading's auditors have raised concerns in two areas, but the newer element relates to the absence of a clear partnership arrangement between Paramount and American oil blending firm Allegheny Petroleum.The other concern - the credit risk...

Published:Wednesday | September 12, 2018 | 12:02 AMNeville Graham/Business Reporter

Having finalised the acquisition Globe Finance Inc and its merger with Signia Financial Group Inc, GraceKennedy now says it has a vehicle to grow its financial footprint across the eastern Caribbean.Barbados-owned Signia is a tri-nation partnership...

Published:Wednesday | September 5, 2018 | 12:00 AMNeville Graham/Business Reporter

Instant coffee maker Salada Foods Jamaica,has expanded its coffee portfolio to a new line of ground and roasted beans as it positions for business from the hospitality sector.For now, Salada says it's looking for a modest increase in market share...

Published:Wednesday | August 29, 2018 | 12:00 AMNeville Graham/Business Reporter

The latest merger of credit union businesses passed its last major hurdle this month.But it has now emerged that the tie-up of the St Elizabeth Cooperative Credit Union, (SECCU), with Community...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/Business Reporter

The new basket of goods and services that will be used to track the movement of the Consumer Price Index (CPI) will be ready by early 2020.Director general of the Statistical Institute of Jamaica (Statin), Carol Coy, says the agency's technicians...

Published:Wednesday | June 13, 2018 | 12:00 AMNeville Graham/Business Reporter

Managing Director Andrew Jackson estimates that the 100 vehicles on the lot at Global Auto would normally have incurred around $1.2 million in wharf charges."When we import cars and they have to sit on the wharves there is a daily storage charge,"...

Published:Wednesday | June 6, 2018 | 12:00 AMNeville Graham/Business Reporter

Agri-business outfit Jamaica Broilers Group has refinanced its debt and acquired the shareholding of descendants of the founders of the company rather than allowing the stocks to be placed on the market.A June 1, 2018 notice on the Jamaica Stock...

Published:Wednesday | May 30, 2018 | 12:00 AMNeville Graham/Business Reporter

It may not happen in the near term, but Supreme Ventures Limited CEO Ann-Dawn Young Sang is warning that the lottery may one day no longer be the mainstay of the gaming and entertainment company.The decline in the popularity of lottery games is a...

Published:Wednesday | May 2, 2018 | 12:00 AMNeville Graham/Business Reporter

Adventure tourism outfit Chukka Caribbean Adventures has its eyes locked on at least two more regional markets even as it expands and improves the offerings in Jamaica.To refinance existing debt and fund its growth ambitions, the company has issued...

Published:Wednesday | April 25, 2018 | 12:04 AMNeville Graham/Business Reporter

Insurance company Guardian Life Limited is cautiously looking to real estate for a continued boost in profits as interest rates continue to trend south.The outlook comes after a 7.3 per cent annual increase in profit - from $4.08 billion to $4.38...

Published:Wednesday | March 28, 2018 | 12:00 AMNeville Graham/Business Reporter

Seprod has struck a cash and shares deal with its largest owner to buy one of its distribution operations, Facey Consumer, at an undisclosed price.But while Seprod will end up with new assets, the few details of the acquisition released to date...

Published:Wednesday | March 7, 2018 | 12:00 AMNeville Graham/Business Reporter

Preowned car dealer Jetcon Corporation hit a new milestone with record profit and annual revenues that topped the billion-dollar mark in the company's 24-year history."We've wanted to pass it for a very long time," said Managing Director Andrew...

Published:Monday | January 15, 2018 | 12:00 AMNeville Graham/Business Reporter

Eight out of 115 seems like a small number, but as far as angel investing goes, that is like finding eight diamonds. Since starting in June 2014, First Jamaica (First AngelsJa) has notched eight ventures that are up and running, and while it is...

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