Tue | Jul 14, 2020

Stories by Karena Bennett - Business Reporter

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

Phase one of Ruthven Towers, the residential development that sparked concerns over unit prices that were more expensive than those normally set by the National Housing Trust, NHT, will soon be placed on the market. The NHT subsequently returned to...

Published:Friday | July 10, 2020 | 12:19 AMKarena Bennett - Business Reporter

In three weeks, Community...

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

A spike in demand for factory space by micro, small and medium entities, MSMEs, over the past three years has fast-tracked plans by the Factories Corporation Jamaica, FCJ, to expand the Garmex Free Zone and Commercial Complex in Kingston for...

Published:Friday | July 3, 2020 | 12:28 AMKarena Bennett - Business Reporter

C inema operator Palace Amusement Company has sought financial assistance from its bankers to cover fixed expenditures amid a fall-off in revenues at its theatres. The disclosure was made by the company on Wednesday in a market notice posted on...

Published:Friday | June 26, 2020 | 12:23 AMKarena Bennett - Business Reporter

Jamaica Stock Exchange and sixteen listed companies Jamaica Stock Exchange were on Wednesday given approval by the Supreme Court to hold their annual general meetings by full or partial electronic means. The representative action led by the JSE,...

Published:Friday | June 26, 2020 | 12:12 AMKarena Bennett - Business Reporter

Investment promotion agency Jampro on Wednesday pitched seven limestone packages to local and investors geared at exploiting around 50 billion tonnes of reserves laying idle across Jamaica. It is an initial step towards commercialising some 150...

Published:Friday | June 26, 2020 | 2:48 PMKarena Bennett - Business Reporter

Chukka Caribbean Adventures will add Caymanas Park Racing Track Tours to its line-up. The new sporting option follows on an agreement signed between Chukka Caribbean and Supreme Ventures Limited last Thursday that will see Chukka offering one-day...

Published:Friday | June 19, 2020 | 12:19 AMKarena Bennett - Business Reporter

Investment promotion agency Jampro has pushed agriculture to the top of its agenda as a first step in getting foreign direct investments, FDI, flowing back into Jamaica post COVID-19. Over the past three years, Jampro has largely secured...

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

WITH MORE business owners utilising recently implemented online business processes at Tax Administration of Jamaica, TAJ, and Companies Office of Jamaica, COJ, the reforms are getting mostly good, but also some mixed reviews. The newly launched...

Published:Sunday | June 7, 2020 | 12:25 AMKarena Bennett - Business Reporter

Efforts to cobble a deal with a local buyer for about 600,000 pounds of coffee, a build-up of beans for which members of the Jamaica Coffee Exporters Association, JCEA, otherwise has no takers, have made little progress. Now with a fresh crop of...

Published:Friday | May 29, 2020 | 12:28 AMKarena Bennett - Business Reporter

LYDFORD MINING will today set sail its first shipment of processed limestone from Reynolds Pier, Ocho Rios, since the outbreak of the coronavirus in Jamaica. In fact, the roughly 35,000 tons in shipment which is valued at US$1 million, also marks...

Published:Friday | May 29, 2020 | 12:26 AMKarena Bennett - Business Reporter

FOOD AND financial services conglomerate GraceKennedy Limited, GK, held what it described as a closed-door ­annual general ­meeting, AGM, on Wednesday, which required a minimum three shareholders to form a quorum. The event was live-streamed in...

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

HAVING FOUND work-from-home arrangements to be beneficial to their operations, BPO firms are now lobbying for the creation of what they call a virtual special economic zone, which would ­require the Jamaican Government to amend the laws around SEZs...

Published:Sunday | May 17, 2020 | 12:07 AMKarena Bennett - Business Reporter

Salada Foods Jamaica’s recent success from a spray-drying test on ­tomatoes has given the company insight into a new line of revenue – offering fruits and ­vegetable-preservation services on a ­commercial scale to offset a portion of the losses it...

Published:Friday | May 15, 2020 | 12:19 AMKarena Bennett - Business Reporter

J AMAICA’S TOP coffee roasters have signalled to the commodity regulator that one of their own, Salada Foods Jamaica Limited, would buy built-up inventory of beans at US$3 per pound. But well-placed sources say that Salada has been buying beans at...

Published:Friday | May 15, 2020 | 12:18 AMKarena Bennett - Business Reporter

MARINE ATTRACTION Dolphin Cove Limited hopes to reopen for business in mid-July, but says the plan rides on the extent to which the Government will allow visitors to enter the island and the destinations to which most of the tourists are bound. The...

Published:Sunday | May 10, 2020 | 12:25 AMKarena Bennett - Business Reporter

Recent calls by the Jamaica Manufacturing and Exporters Association, JMEA, for more targeted concessions on raw materials that are processed for re-export sent Jamaica Agricultural Commodities Regulatory Authority, JACRA, back to the drawing board...

Published:Saturday | May 9, 2020 | 12:39 PMKarena Bennett - Business Reporter

One-year-old company NovaMed has inked a deal with Hong Kong-based DHB Global that will see the start-up medical consultancy transitioning to a producer of healthcare personal protective equipment, or PPE. Under the deal finalised earlier this...

Published:Friday | May 8, 2020 | 12:18 AMKarena Bennett - Business Reporter

DESPITE TUMBLING sales and challenges with hire-purchase accounts, two of the largest retailers of home furniture and appliances, Courts Jamaica and Singer Jamaica, have found glimmers of hope during the COVID-19 pandemic. That’s because work-from...

Published:Thursday | May 7, 2020 | 12:00 AMKarena Bennett - Business Reporter

 British Caribbean Insurance Company Limited, BCIC, will refund a portion of April’s premium to holders of its public passenger vehicle, PPV, and Diamond Max private motor insurance next week. The move, which is expected to cost BCIC...

Published:Tuesday | May 5, 2020 | 12:00 AMKarena Bennett - Business Reporter

  Stationery & Office Supplies Limited, SOS, has implemented work rotation schedules, which sees only 50 per cent of its staff working from the office on a daily basis, as it tries to balance the needs of the business and the...

Published:Sunday | May 3, 2020 | 12:25 AMKarena Bennett - Business Reporter

Leading poultry producer Jamaica Broilers Group Limited, JBG, says it may be forced to take further cost-cutting measures in the “not-too-distant future” as it grapples with a 40 per cent decline in chicken sales from the closure of the hotel...

Published:Friday | May 1, 2020 | 12:00 AMKarena Bennett - Business Reporter

T HE MINISTRY of Industry, Commerce, Agriculture...

Published:Sunday | April 26, 2020 | 12:08 AMKarena Bennett - Business Reporter

Larren Peart, founder and CEO of Bluedot Data Intelligence Limited, has reacquired SSL Venture Capital Limited’s 50 per cent shareholdings in his company. The transaction, which took six weeks to ­negotiate, comes at a time when COVID-19...

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

GENERAL ACCIDENT Insurance Company is about to enter a third regional market, for which it secured a licence this month, but the Musson-controlled outfit is keeping watch on the COVID-19 pandemic to determine when to launch operations. Six months...

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