Mon | Oct 26, 2020

Stories by Karena Bennett - Business Reporter

Published:Sunday | October 25, 2020 | 12:11 AMKarena Bennett - Business Reporter

Stanley Motta Limited, the owner of the 58HWT tech park in Kingston, has come out of negotiations with more breathing room on financial obligations to creditor Development Bank of Jamaica, DBJ, as a safeguard against the disruptions caused by the...

Published:Friday | October 23, 2020 | 8:03 AMKarena Bennett - Business Reporter

A COVID-19 study conducted by the Statistical Institute of Jamaica, Statin, has found that 57 per cent of Jamaican households saw a reduction in income between the onset of the coronavirus in March and September. The data affirms the results of a...

Published:Sunday | October 18, 2020 | 12:12 AMKarena Bennett - Business Reporter

Luxury bus company Knutsford Express Services Limited, KEX, is deepening its investments in the courier side of its business to make up for revenue that would normally come from commuters. The outbreak of COVID-19, and the restrictions put in place...

Published:Friday | October 16, 2020 | 12:15 AMKarena Bennett - Business Reporter

For a second time in more than a century of operation, Jamaica’s second most powerful bank is to be led by a woman. Audrey Tugwell Henry will assume the role of president and CEO of Scotia Group Jamaica on January 1, 2021, and with it the...

Published:Sunday | October 11, 2020 | 12:11 AMKarena Bennett - Business Reporter

JN Bank, which on Thursday launched its United Kingdom digital banking arm, JN Bank UK, plans on rolling out a suite of services targeted at the unbanked to grow its client base in the UK. On a wider scale, British High Commissioner to Jamaica Asif...

Published:Friday | October 9, 2020 | 12:14 AMKarena Bennett - Business Reporter

Juice maker Trade Winds Citrus Limited has acquired all the assets of Jamaica Beverages Limited, JBL, giving the company a jump-start on the milk business which it has been after for the past three years. The initial hold-up surrounded Trade Winds...

Published:Friday | October 9, 2020 | 12:12 AMKarena Bennett - Business Reporter

Caribbean Flavours...

Published:Sunday | September 27, 2020 | 12:10 AMKarena Bennett - Business Reporter

Derrimon Trading is looking to roll out a new information technology system that will bring its own accounting system and that of its subsidiaries under one platform. But it’s just one of the projects being worked on by the distribution company....

Published:Friday | September 25, 2020 | 12:13 AMKarena Bennett - Business Reporter

Marine park operator Dolphin Cove says it is now earning enough to cover expenses as interest in leisure rebounds, particularly from the American market. Since reopening in July, after the COVID lockdown, the dolphin attraction has been catering...

Published:Friday | September 18, 2020 | 12:06 AMKarena Bennett - Business Reporter

Lasco Financial Services Limited, LFSL, has hand-picked a few business operators from within the micro, small and medium-sized sector for a test run of a new tech-driven cashless business model system, designed especially, but not exclusively, for...

Published:Sunday | September 13, 2020 | 12:18 AMKarena Bennett - Business Reporter

Salada Foods Jamaica Limited and the Jamaica Agricultural Commodities Regulatory Authority, JACRA, have been given more time for both parties to gather data for presentation of arguments before the Supreme Court. JACRA has ordered Salada to change...

Published:Friday | September 11, 2020 | 12:07 AMKarena Bennett - Business Reporter

Caribbean Flavours and Fragrances Limited, CFF, which trades in food and beverage flavourings and personal care products, added a sugar-reduction substitute to its product line-up, aiming to capitalise on the trend towards more healthy lifestyles...

Published:Sunday | September 6, 2020 | 12:05 AMKarena Bennett - Business Reporter

Developer 138 Student Living Jamaica is considering another arrangement with the Ministry of Health to utilise the room it manages at The University of the West Indies (UWI) as a quarantine zone, as an alternative revenue generator to the business...

Published:Friday | September 4, 2020 | 12:22 AMKarena Bennett - Business Reporter

Commissioning of the first phase of Pulse’s Villa Ronai expansion was planned for this summer, but the opening has now been pushed back to early 2021. That and other areas of the company’s operations have been disrupted by the coronavirus that...

Published:Sunday | August 30, 2020 | 12:52 AMKarena Bennett - Business Reporter

Discounts and bundled packages are becoming the new norm for some of Jamaica’s largest players in the attractions markets as they seek to keep their doors open under protocols that have served to limit access to their primary source of income:...

Published:Sunday | August 30, 2020 | 12:47 AMKarena Bennett - Business Reporter

An investigation is now underway to determine the cause of a system outage JMMB Bank has been experiencing since Wednesday, which has affected online banking services on the Moneyline platform. The financial group, which operates in Trinidad...

Published:Sunday | August 23, 2020 | 12:14 AMKarena Bennett - Business Reporter

Coffee producer Salada Foods Jamaica Limited is again being pressured by the Jamaica Agricultural Commodities Regulatory Authority (JACRA) to add another 20 per cent local coffee to its blended Mountain Peak brand of instant coffee, for which the...

Published:Sunday | August 23, 2020 | 12:10 AMKarena Bennett - Business Reporter

Lasco Financial’s microfinance arm has booked losses of $650 million on impaired loans, a disclosure made in its newly released annual report that better defined the scope of the fallout from the coronavirus that the company first warned about a...

Published:Friday | August 21, 2020 | 12:21 AMKarena Bennett - Business Reporter

FosRich Company Limited has adjusted its credit terms for some customers and implemented a seven-day limit for payment of goods bought on credit across several of its business lines to lower its risk of impairments. The lighting company, which on...

Published:Sunday | August 16, 2020 | 12:00 AMKarena Bennett - Business Reporter

Ministry of Industry, Commerce, Agriculture & Fisheries, MICAF, has reopened the borders for the importation of Irish potatoes and onions to meet rising demand as the economy reopens...

Published:Friday | August 14, 2020 | 12:23 AMKarena Bennett - Business Reporter

Approved retirement schemes, or ARS, which were crafted as a solution to bringing more Jamaicans into the pension net, have performed at less-than-desirable levels largely due to infrequent and small savings by subscribers to such schemes. Data...

Published:Friday | August 7, 2020 | 12:09 AMKarena Bennett - Business Reporter

Food and financial services conglomerate GraceKennedy Limited bucked what has been one of the toughest six months for businesses worldwide, to close on the upside with a $5 billion boost in revenues to $56.5 billion. The results were partly...

Published:Friday | July 24, 2020 | 12:18 AMKarena Bennett - Business Reporter

Listed companies not among the sixteen that got special approval from the Supreme Court to include an electronic component in their annual general meetings are weighing options, including amendments to articles of incorporation, to meet their...

Published:Friday | July 24, 2020 | 12:00 AMKarena Bennett - Business Reporter

Michael Drakulich, principal owner and chief executive of the Mystic Mountain eco-attraction, will make another attempt today at convincing bondholders to delay interest and principal payments on its US$8-million bond for at least a year as the...

Published:Friday | July 17, 2020 | 12:21 AMKarena Bennett - Business Reporter

Caribbean Cream Limited, which trades as Kremi, has reported a 31 per cent increase in profit for its first quarter ending May, a result the ice cream maker partly attributes to its ability to continue manufacturing during the COVID-related...

Pages

Subscribe to Karena Bennett - Business Reporter