Mon | May 20, 2019

Stories by Avia Collinder - Business Reporter

Published:Friday | May 17, 2019 | 12:32 AMAvia Collinder - Business Reporter

The head of Jamaica’s largest insurance conglomerate and dominant provider of healthcare coverage wants clarity on how the plan for universal health insurance will affect persons already covered. That number spans about 500,000 people in a...

Published:Friday | May 17, 2019 | 12:30 AMAvia Collinder - Business Reporter

Three e-payment companies have been shortlisted by the Ministry of Labour and Social Security for the contract to begin distributing social welfare benefits via mobile wallets, under the Programme of Advancement Through Health and Education, PATH....

Published:Sunday | May 12, 2019 | 1:02 AMAvia Collinder - Business Reporter

The Coconut Industry Board’s commercial plan has got the green light from the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF), and talks have already been initiated with private players on joint venture partnerships. Coconut Board...

Published:Sunday | May 12, 2019 | 12:17 AMAvia Collinder - Business Reporter

The real estate sector continues to see a spike in residential developments as investment properties that are targeted at the growing homeshare market. And at least one bank has designed a loan programme around it. First Global Bank Limited says it...

Published:Friday | May 10, 2019 | 12:24 AMAvia Collinder - Business Reporter

GraceKennedy Limited and Musson Jamaica, two of Jamaica’s largest conglomerates in control of multiple companies, will initially look to their own networks for business to feed the new life insurance company on which they have teamed up. Insurance...

Published:Friday | May 10, 2019 | 12:16 AMAvia Collinder - Business Reporter

Lorna Green, CEO of Digital Transtec Limited, is tearing down the building that houses her company in New Kingston to develop a six-storey residential complex. Green is constructing 22 residences on the half-acre lot at IC Braemar Avenue, starting...

Published:Friday | May 3, 2019 | 12:26 AMAvia Collinder - Business Reporter

Mavis Bank Coffee Factory is anchoring a $43-million donor-funded project to upgrade farming practices in the coffee belt, spanning the parishes of St Andrew and St Thomas. The coffee company owned by investor Michael Lee-Chin will itself...

Published:Friday | May 3, 2019 | 12:24 AMAvia Collinder - Business Reporter

Patty maker Tastee Limited has ended its five-year business relationship with its former franchisee in Portland, Kimani Robinson’s 360 Restaurants Limited. Robinson, whose company now trades as Patty Express, says he remains in the patty business...

Published:Friday | May 3, 2019 | 12:20 AMAvia Collinder - Business Reporter

Harmonisation Limited, a state-owned company formed to develop a sprawling resort in Trelawny, is now selling off property in that area, at Silver Sands, but says the disposal of land has no bearing on the project. CEO of Harmonisation Lorna...

Published:Friday | May 3, 2019 | 12:17 AMAvia Collinder - Business Reporter

Another 284MW of generating capacity fired by LNG, or liquefied natural gas, is to be added to the national between now and 2020 and Jamaica’s electricity consumers are expected to foot the bill. The Office of Utilities Regulation (OUR) said the...

Published:Friday | April 26, 2019 | 12:24 AMAvia Collinder - Business Reporter

The number of applicants for shares in the Wigton Windfarm IPO has exceeded the 10,000 goal set by the Jamaican Government. But a representative of lead broker Mayberry Investments Limited, who confirmed the level of subscriptions, said “public...

Published:Friday | April 26, 2019 | 12:21 AMAvia Collinder - Business Reporter

While it will not share the percentage of the remittance market which it currently controls in Jamaica, American company PayPal, which owns remittance company Xoom, is not being coy about its desire to increase market share in one of the Caribbean’...

Published:Thursday | April 18, 2019 | 12:30 AMAvia Collinder - Business Reporter

Investors Keith and Paula Russell have joined with principals in a Qatari firm to deliver a 8,000-room, all-inclusive beachfront resort development in Duncans, Trelawny, for which ground was broken on April 12. Designed in the form of a township,...

Published:Thursday | April 18, 2019 | 12:23 AMAvia Collinder - Business Reporter

Wisynco Group is buying a stake in the snacks business owned by Jamaica Producers Group, a deal that is meant to drive distribution of the products in existing and new markets. The $720-million transaction for 30 per cent of JP Snacks Caribbean...

Published:Sunday | April 14, 2019 | 12:14 AMAvia Collinder - Business Reporter

Guardian Life has secured buyers for half of the 176 apartments it just began developing in New Kingston, mainly individual investors in Jamaica and overseas, but also pension funds. Guardian President Eric Hosin said that the company opted to...

Published:Friday | April 12, 2019 | 12:22 AMAvia Collinder - Business Reporter

Having secured the approval of the gaming regulator in March, Supreme Ventures Limited (SVL) began rolling out its mobile app to the mainstream market last month, which allows for private betting. Except for a four-hour lockdown, from 2 a.m. to 6 a...

Published:Friday | April 12, 2019 | 12:21 AMAvia Collinder - Business Reporter

The agency that insures mortgages as one of its functions is growing concerned that loan providers may be climbing too far out on a limb to secure market share, given some of the current financing deals that offer credit at or beyond the value of...

Published:Sunday | April 7, 2019 | 12:07 AMAvia Collinder - Business Reporter

Fearing that sales were being ­cannibalised by two stores being located too closely together, Fish Pot Restaurant operators have closed the outlet located at Half-Way Tree Square in Kingston ­despite its popularity. Simultaneously, the fast-food...

Published:Friday | April 5, 2019 | 12:14 AMAvia Collinder - Business Reporter

Construction company Tank-Weld Metals Limited is more than halfway through a large warehousing project at Ferry, on the Kingston-St Catherine border, that will deliver 320,000 square feet of storage space for lease to other companies. The 10-acre...

Published:Sunday | March 31, 2019 | 12:17 AMAvia Collinder - Business Reporter

President and Chief Executive Officer of the Victoria Mutual Building Society (VMBS) Group Courtney Campbell announced on Friday the launch of a new 100 per cent mortgage offering for self-employed Jamaicans and those who are contract workers....

Published:Friday | March 29, 2019 | 12:20 AMAvia Collinder - Business Reporter

Lawyers represen-ting Petróleos de Venezuela, SA (PDVSA) are said to have chosen Panama as the venue to pursue the settlement of the ongoing dispute between Venezuela and Jamaica over the South American country’s share in Petrojam, the Jamaican...

Published:Friday | March 29, 2019 | 12:19 AMAvia Collinder - Business Reporter

The central bank, in its 2018 report tabled last week, says the island’s 11 deposit-taking institutions which it currently supervises, including two building societies, eight commercial banks and one merchant bank, made more money from foreign...

Published:Sunday | March 24, 2019 | 1:53 AMAvia Collinder - Business Reporter

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week...

Published:Saturday | March 23, 2019 | 12:22 AMAvia Collinder - Business Reporter

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week...

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