Sat | Apr 20, 2019

Stories by Avia Collinder - Business Reporter

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...

Published:Friday | March 22, 2019 | 12:21 AMAvia Collinder - Business Reporter

First Global Bank has created a hub to serve small and medium enterprises that are attempting to scale up their operations. President and CEO Mariame McIntosh Robinson, who announced the creation of The FGB SME Hub at First Global annual SME...

Published:Friday | March 22, 2019 | 12:17 AMAvia Collinder - Business Reporter

There was a time when Jamaica was producing nearly 40 million litres of milk per year, but that was nearly three decades ago. Now the dairy sector is doing 12-13 million litres annually, on average, a level it has been stuck at since around 2010....

Published:Friday | March 15, 2019 | 12:34 AMAvia Collinder - Business Reporter

A new entrant with tentacles throughout the Caribbean formally announced that it was open for business from New Kingston on Wednesday, nearly five years after the Massy conglomerate disclosed its plans to become a player in the general-insurance...

Published:Friday | March 15, 2019 | 12:33 AMAvia Collinder - Business Reporter

Last year, the shrinking credit union movement fell further, to 26 institutions, and the Bank of Jamaica is saying there’s still more contraction to come. It’s not that operators are going out of business, but rather there have been a series of...

Published:Friday | March 15, 2019 | 12:32 AMAvia Collinder - Business Reporter

Bank of Jamaica, BOJ, will issue new guidelines for liquidity management in the banking system, one that involves a new stress test. The central bank noted in its newly released annual report that elements of both the Basel II and III capital...

Published:Friday | March 8, 2019 | 1:41 PMAvia Collinder - Business Reporter

The microfinancing bill that will bring small lenders under the regulatory umbrella of the Bank of Jamaica has been tabled in Parliament by Minister of Finance Dr Nigel Clarke, who says it’s meant to bring order to the market and constrain the...

Published:Friday | March 8, 2019 | 12:20 AMAvia Collinder - Business Reporter

Don Wehby is closing in on the anticipated $100 billion in revenues for GraceKennedy Limited, and based on the trend lines, could hit the target by 2020. But in the meantime, the Group CEO has racked up a different record – the food and...

Published:Sunday | March 3, 2019 | 1:41 AMAvia Collinder - Business Reporter

Jamaica National Group is going after new business from the public sector and is making its approach through the bodies that represent them. JN’s banking subsidiary has already signed a memorandum of understanding with the Jamaica Teachers’...

Published:Friday | March 1, 2019 | 12:43 AMAvia Collinder - Business Reporter

Although the Port Authority of Jamaica (PAJ) is pumping US$40 million into Port Royal, the agency says the port project, which involves marine and landside works, is a discrete development and not meant to address the full transformation of the...

Published:Friday | March 1, 2019 | 12:34 AMAvia Collinder - Business Reporter

In April, at least nine Jamaican coffee outfits will head to Boston for the annual Speciality Coffee Association’s exhibition, where they will showcase their brands of Jamaica Blue Mountain, or JBM, coffee in a single booth. It’s meant to be the...

Published:Sunday | February 24, 2019 | 12:26 AMAvia Collinder - Business Reporter

BCIC expects its motor premium pricing to fall as it rolls out a new ­technology platform and migrates customers online. The general-insurance company is also upgrading the facilities at its headquarters in downtown Kingston with several changes,...

Published:Sunday | February 24, 2019 | 12:26 AMAvia Collinder - Business Reporter

Buttressed by its investment in a Florida-based patty company, GraceKennedy (GK) has expanded its convenience-food offerings to eight states in the United States (US), an initiative that will test just how much the American palate can handle jerked...

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