Fri | Feb 28, 2020

Stories by Huntley Medley - Senior Business Writer

Published:Friday | February 28, 2020 | 12:19 AMHuntley Medley - Senior Business Writer

F rom the long list of products it sells and the extensive network of private and public pharmacies and stores that stock its merchandise, Medimpex Jamaica Limited appears to command a sizeable share of the local prescription and over-the-counter...

Published:Friday | February 28, 2020 | 12:16 AMHuntley Medley - Senior Business Writer

O n one level, development bankers are satisfied with the continuing maturity of the private equity and venture capital markets, which the Development Bank of Jamaica, DBJ, has spent the last seven years nurturing. But at another level, they...

Published:Friday | February 21, 2020 | 12:36 AMHuntley Medley - Senior Business Writer

For some time, Janet Rankine-Henry, a dietitian, had talked about starting a business to provide personalised nutrition coaching and customised meals for people’s particular nutritional needs. In 2005, her three sisters and a friend challenged her...

Published:Friday | February 21, 2020 | 12:29 AMHuntley Medley - Senior Business Writer

Jamaica’s castor oil sector is barely earning from exports, and is seen as woefully underperforming its potential, but its producers are regrouping. Now, the four-year-old Castor Industry Association, JCIA, is awaiting final word on a $500-million...

Published:Wednesday | February 19, 2020 | 12:22 AMHuntley Medley - Senior Business Writer

Information technology service provider tTech Limited is hoping to grow its business by convincing more small, medium, and large companies in Jamaica and overseas to focus on running their operations, while handing over the development and...

Published:Friday | February 14, 2020 | 12:22 AMHuntley Medley - Senior Business Writer

It is anxious days for Jamaican shipping interests as the financial fallout from the trade disruptions and shipping decline caused by the outbreak of the COVID-19 disease reached an estimated US$350 million a week, as reported by global news...

Published:Friday | February 7, 2020 | 12:19 AMHuntley Medley - Senior Business Writer

Gassan Azan Jr has built a multibillion-dollar group of businesses largely by pioneering his own private investment-financing arrangements along the way, he says. With Jamaican and overseas holdings spanning retail, finance and entertainment, the...

Published:Wednesday | February 5, 2020 | 12:18 AMHuntley Medley - Senior Business Writer

Racquell Brown initially worked with a coffee making company as a marketer. She started a small business “on the side” when the company started to retrench its workforce as the global recession took root in 2009. By the time the axe fell on her...

Published:Friday | January 31, 2020 | 12:20 AMHuntley Medley - Senior Business Writer

Winston Butler admits that his small enterprise making and selling wines from a wide range of fermented fruits, vegetables and tropical plants is not yet turning a profit 10 years into the business, which is run out of his home in Mandeville,...

Published:Wednesday | January 29, 2020 | 12:23 AMHuntley Medley - Senior Business Writer

Grace Foster-Reid, a civil and environmental engineer-turned-entrepreneur, has big plans for the honey business she has built with husband Dr Clifton Reid since 2012. EcoFarms Jamaica is now a division of EnvironMed Limited, which was registered in...

Published:Friday | January 24, 2020 | 12:23 AMHuntley Medley - Senior Business Writer

Beverly Salu grew up in the taxi business. Her late mother, Icolyn Chung, owned and operated Yellow and Checker Cabs, two of the earliest taxi businesses in Jamaica. In the 1990s, Salu and her Nigeria-born husband Yomi Salu operated their own taxi...

Published:Friday | January 17, 2020 | 8:02 AMHuntley Medley - Senior Business Writer

Indies Pharma Jamaica has entered the market for orthopaedic supplies in partnership with manufacturing company Vissco Rehabilitation Aids Limited of India. The products hit the shelves of pharmacies and medical supplies outlets this week as part...

Published:Sunday | December 29, 2019 | 12:37 AMHuntley Medley - Senior Business Writer

Chukka Caribbean Adventures is in the market for more than US$50 million of debt and equity to finance a range of projects that are intended to double the size of the business over the next six months to a year. The Jamaican business that now...

Published:Friday | December 27, 2019 | 12:44 AMHuntley Medley - Senior Business Writer

It has not been an easy ride, but Grantley Stephenson says, on a whole, he has thoroughly enjoyed his 47 years working in shipping and shipping-related activities since he was made supervisor for Alcan bauxite company’s Port Esquivel pier in St...

Published:Sunday | December 22, 2019 | 12:35 AMHuntley Medley - Senior Business Writer

Jamaican sugar producers are not participating in a planned injection of some US$300 million to produce refined white sugar and more of the semi-refined product known as plantation white sugar, as the Caribbean sugar sector celebrates a Caribbean...

Published:Friday | December 20, 2019 | 12:21 AMHuntley Medley - Senior Business Writer

The size of the Chinese investments in Jamaica is said to be around US$3 billion and growing, leading many persons to wonder what is the attraction. It turns out that it is easy for Chinese firms to set up shop in Jamaica, and they are loving it –...

Published:Friday | December 13, 2019 | 12:31 AMHuntley Medley - Senior Business Writer

On January 1, new staffing and operational arrangements will take effect at gaming and lottery company Supreme Ventures Limited, with the intention of shaking up the business model for greater gains. Having made clear his emphasis on growing the...

Published:Friday | December 6, 2019 | 12:36 AMHuntley Medley - Senior Business Writer

Gaming company Supreme Ventures Limited, SVL, wants to be a major contender in the global sport betting market and Gary Peart is convinced that this growing segment has the potential to double the size of the business he was tapped to chair in June...

Published:Friday | December 6, 2019 | 12:35 AMHuntley Medley - Senior Business Writer

A fter eight years in supporting roles at the multipurpose port run by Kingston Wharves Limited, Chief Operating Officer Mark Williams will assume the office of CEO of the KWL group on January 6. His appointment was announced by the board of the...

Published:Friday | November 29, 2019 | 12:27 AMHuntley Medley - Senior Business Writer

Shared office space provider Regus is about to open in Guyana, having already set up shop in Jamaica, Barbados and Trinidad...

Published:Friday | November 22, 2019 | 12:27 AMHuntley Medley - Senior Business Writer

Peter Melhado’s board-level association with Sagicor dates back 15 years, time in which he has become well acquainted with the business of the financial services conglomerate, particularly on the investment and commercial banking sides. It’s that...

Published:Friday | November 22, 2019 | 12:24 AMHuntley Medley - Senior Business Writer

Luis Prata has a reputation as a turnaround manager. But that is not his mission in Jamaica. The new managing director of Desnoes...

Published:Friday | November 15, 2019 | 12:27 AMHuntley Medley - Senior Business Writer

Emboldened by its recent successes in the mainland Chinese market, Rainforest Seafoods now has its eyes set on entering the United States and United Kingdom markets. Company officials did not disclose the timeline for entry, but said plans were in...

Published:Friday | November 8, 2019 | 12:34 AMHuntley Medley - Senior Business Writer

Thalia Lyn is ready to step out of the top job as chief executive officer officer at Island Grill and devote more time to her charitable work, having more than accomplished the initial mission that led her in the late 1980s to give up her preferred...

Published:Friday | November 1, 2019 | 12:32 AMHuntley Medley - Senior Business Writer

The Jamaican Government recently celebrated the belated certification of the now divested Norman Manley International Airport, NMIA, in Kingston as an aerodrome operation to international level. The accomplishment comes some 80 years behind the...

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