Sat | Mar 28, 2020

Stories by Karena Bennett - Business Reporter

Published:Sunday | March 22, 2020 | 12:30 AMKarena Bennett - Business Reporter

A foreign developer has struck a deal with Dolphin Cove Limited to acquire a 23-acre property that it owns, and which houses one of its ­marine parks in Hanover, under a lease-to-purchase arrangement. The foreign company is expected to develop a...

Published:Sunday | March 15, 2020 | 12:26 AMKarena Bennett - Business Reporter

Fresh supply of hand sanitisers and paper towels are expected to hit the market this week, products that have been tweaked for just-that-added layer of protection against the coronavirus. At least two of Jamaica’s entrepreneurs began working on...

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

It’s a boutique firm in the middle of a reorganisation to address its vulnerabilities. So, it wasn’t surprising that Stocks...

Published:Sunday | March 8, 2020 | 12:24 AMKarena Bennett - Business Reporter

GraceKennedy expects to take control of Key Insurance this week after closing a cash offer for the general insurer on March 2. The level of subscriptions was not disclosed, but it’s clear the conglomerate achieved sufficient take-up of its $2.01...

Published:Friday | March 6, 2020 | 12:24 AMKarena Bennett - Business Reporter

GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...

Published:Friday | March 6, 2020 | 12:18 AMKarena Bennett - Business Reporter

Just as reports are indicating that China, the epicentre of the coronavirus, is seeing improvements in cases, the United States, which is Jamaica’s largest trading partner, is reporting rising fatalities and the possibility of more cases. But two...

Published:Sunday | March 1, 2020 | 12:13 AMKarena Bennett - Business Reporter

Floyd Green, the Minister of State for industry, commerce and agriculture, expects the tabling of regulations around the commercial export of cannabis in Parliament to happen by late April. The first draft of export regulations for the commercial...

Published:Sunday | March 1, 2020 | 12:11 AMKarena Bennett - Business Reporter

Tropical Battery hopes to open the doors to its new home in Ferry, Kingston during the first two weeks of March, after about a year constructing the facility at cost of $60 million. Its also a step closer to approaching the market for equity...

Published:Sunday | February 23, 2020 | 12:21 AMKarena Bennett - Business Reporter

Medical Disposables...

Published:Friday | February 21, 2020 | 12:30 AMKarena Bennett - Business Reporter

AMG Packaging...

Published:Friday | February 21, 2020 | 12:16 AMKarena Bennett - Business Reporter

Garfield Coke and his wife, Dawnet Coke have struck out on their own as brokers, through a new company called Exodus Insurance. The couple has pumped $30 million into the venture, Garfield said in an interview on Wednesday. The company operates...

Published:Wednesday | February 19, 2020 | 12:29 AMKarena Bennett - Business Reporter

Pulse shareholders on Tuesday approved the creation of an additional 5.55 billion shares in the modelling and hospitality company. That will take its authorised capital to 7.5 billion shares and sets the stage for Pulse Investments Limited to...

Published:Sunday | February 16, 2020 | 12:29 AMKarena Bennett - Business Reporter

Everything Fresh Limited, EFresh, has scrapped the production of pork and its by-products at its newly acquired business, Meats Experts, citing negative returns from the slaughtering of pigs. EFresh, which has been in the business of food...

Published:Sunday | February 16, 2020 | 12:18 AMKarena Bennett - Business Reporter

Insurance Company of the West Indies, ICWI, is planning its launch in a 10th market later this year. ICWI officially opened its ninth office in Dominica last month after the acquisition of the booker business of general insurance company First...

Published:Sunday | February 9, 2020 | 12:32 AMKarena Bennett - Business Reporter

Medical marijuana company, Jacana, on Thursday opened the first of at least two cannabis stores it’s planning for Jamaica this year. Two years ago, Jacana began cultivating the cannabis plant from a 100-acre farm in St Ann, and today values its...

Published:Sunday | February 9, 2020 | 12:15 AMKarena Bennett - Business Reporter

The owners of Future Energy Source Company, which trades as Fesco, have laid out a busy year for capital projects, which will culminate with them going to the market for equity financing. If Fesco follows through, it will become the first fuel...

Published:Sunday | February 2, 2020 | 12:15 AMKarena Bennett - Business Reporter

An estimated 5,031 new housing developments are expected for the parish of St Catherine over the next two years in response to increasing demand for affordable residential units. The developments, which will come from both private developers and...

Published:Sunday | January 26, 2020 | 12:31 AMKarena Bennett - Business Reporter

Minute Rentals, a business which holds itself as the only hourly car rental company in Jamaica, will use the $300,000 it earned as winner of the JSE Pitch Room towards the development of a real-time customer relations management system. The Pitch...

Published:Friday | January 24, 2020 | 12:29 AMKarena Bennett - Business Reporter

The Government of Jamaica will come to market with an initial public offering for the near 20 per cent stake it owns in power utility Jamaica Public Service Company Limited, shortly after the IPO for toll road concessionaire TransJamaican Highway,...

Published:Sunday | January 19, 2020 | 12:47 AMKarena Bennett - Business Reporter

Four months into its roll-out, group health and life insurer Canopy Insurance Limited, which has two powerful conglomerates behind it, is gunning for equal share of a market dominated by Sagicor Life Jamaica. Then it plans to tackle the region,...

Published:Friday | January 17, 2020 | 7:59 AMKarena Bennett - Business Reporter

L uxury coach operator Knutsford Express Services Limited plans on opening its 14th bus terminal in May Pen, Clarendon, next month. The new operating point will offer daily connections, serving routes along the north coast and south coast into...

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

After several years of fine-tuning a franchising model and negotiating deals for the opening of four Usain Bolt’s Tracks...

Published:Friday | January 10, 2020 | 8:42 AMKarena Bennett - Business Reporter

Pulse Investments Limited has raised $250 million through a global note issue in December which it will use to complete the Villa Ronai suites expansion project, and cut a pathway into the residential real estate market. The modelling and...

Published:Sunday | January 5, 2020 | 12:32 AMKarena Bennett - Business Reporter

Jamaican market research company Queritel.com could double its revenue by year end from a deal it has struck with the Chilean government. Queritel.com, which began operating in 2015 as research service for students of The University of the West...

Published:Friday | December 27, 2019 | 12:21 AMKarena Bennett - Business Reporter

Barry Taylor spent months hunched over his kitchen counters experimenting with chemicals to formulate a treatment for the long-term lungs disease, asthma. The idea of developing the asthma treatment was first conceptualized while Taylor carried out...

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