Thu | Sep 19, 2019

Stories by Karena Bennett - Business Reporter

Published:Sunday | September 15, 2019 | 12:14 AMKarena Bennett - Business Reporter

Distribution company Derrimon Trading is exploring a shopping experience that goes beyond customers clicking on grocery items from the comfort of their living rooms. The company, which operates two grocery businesses, Sampars and Select, reported...

Published:Friday | September 13, 2019 | 12:26 AMKarena Bennett - Business Reporter

A year after acquiring pallet maker Woodcats International and sealing a distribution deal with beverage company SM Jaleel, Derrimon Trading is preparing to relocate to a larger complex at Ferry, Kingston, to facilitate its growing business. The...

Published:Sunday | September 1, 2019 | 12:26 AMKarena Bennett - Business Reporter

Seascape, the Harbour View housing development in east Kingston partly earmarked for persons displaced during the passage of Hurricanes Ivan and Dean in 2004 and 2007, is slated to be constructed later this year. The development spans 3.51 acres...

Published:Sunday | August 25, 2019 | 12:19 AMKarena Bennett - Business Reporter

Portland has distinguished itself in the attractions market with an underwater sculpture park, a venture driven more by sustainable principles and art appreciation than profit. What started as an idea to relieve the strain placed on the natural...

Published:Sunday | August 25, 2019 | 12:11 AMKarena Bennett - Business Reporter

The price of property in St Thomas is already trending up, and realtors expect the trajectory to be maintained as major improvements to roads and other developments get under way in the parish that for years has held the title of being ‘forgotten...

Published:Friday | August 23, 2019 | 12:30 AMKarena Bennett - Business Reporter

The Urban Development Corporation (UDC) the Government agency that owns Dunn’s River Falls and Park Attraction, has sought to disassociate the tourist attraction from a US-based cannabidiol data-gathering company, HQ Global, which claims it will be...

Published:Sunday | August 18, 2019 | 12:33 AMKarena Bennett - Business Reporter

Radiologist Dr Welsford Sinclair and business partner Joseph Jenkins have received backing from SSL Venture Capital Jamaica for a US$3 million (J$405 million) radiology company the duo intends to set up at 21 Tangerine Place in Kingston. SSL...

Published:Sunday | August 18, 2019 | 12:21 AMKarena Bennett - Business Reporter

Weeks after resigning his post as chief executive of Muse 360 Integrated Limited, André Burnett is looking to fund his second business venture, Fren and Company Limited, for up to US$3 million. The new venture, according to Burnett, is conceived...

Published:Sunday | August 11, 2019 | 12:29 AMKarena Bennett - Business Reporter

Jamaican manufacturer Caribbean Flavours & Fragrances Limited, CFF, has commenced regulatory filings for permits in Cuba as part of plans to trade with that country...

Published:Saturday | August 10, 2019 | 6:35 AMKarena Bennett - Business Reporter

  The Jamaica Stock Exchange suspended trading in the shares of meat company Sweet River after market close on Friday. In a notice on its website, the JSE listed five breaches of the junior market board level requirements, including sections...

Published:Friday | August 9, 2019 | 12:34 AMKarena Bennett - Business Reporter

Bluedot Data Intelligence Limited, one of the three companies in which SSL Venture Capital Jamaica has acquired equity, has taken on a new investor, businessman Craig Hendrickson. The deal, which took effect on July 23, saw Hendrickson acquiring a...

Published:Friday | August 2, 2019 | 12:27 AMKarena Bennett - Business Reporter

Sweet River Abattoir and Supplies Company Limited said in a market filing Wednesday that its Managing Director, Valdence Gifford, had resigned his post, effective May 31. The disclosure by the board of directors comes a little over a week after...

Published:Friday | July 26, 2019 | 12:39 AMKarena Bennett - Business Reporter

The Nissan dealership operated by Fidelity Motors was in a celebratory mood on Wednesday with the ­opening of its renovated showroom at Hanover Street in Kingston, notwithstanding that the Japanese carmaker that supplies the brand is looking to...

Published:Friday | July 26, 2019 | 12:28 AMKarena Bennett - Business Reporter

The Passport, Citizen and Immigration Agency, PICA, has partnered with the Jamaica Customs Agency to roll out an online version of the immigration and declaration form, the C5. The system, which is expected to reduce the length of time it takes to...

Published:Sunday | July 21, 2019 | 12:13 AMKarena Bennett - Business Reporter

National Environment...

Published:Friday | July 19, 2019 | 12:22 AMKarena Bennett - Business Reporter

Jamaica’s Special Economic Zone Authority, JSEZA, expects to have at least 30 per cent of free zone operators transitioned to special economic zone entities before the grandfathering period for free zones come to an end on December 31. Director of...

Published:Friday | July 19, 2019 | 12:21 AMKarena Bennett - Business Reporter

Jamaica World, a local industrial development start-up, has partnered with a global contract mining company out of Spain, called EPSA, for the development of a limestone-processing operation near Rio Bueno. The start-up, which plans to operating...

Published:Sunday | July 14, 2019 | 12:24 AMKarena Bennett - Business Reporter

WeXchange, the platform that connects high-growth entrepreneurs from Latin America and the Caribbean with mentors and investors, is ­inviting female entrepreneurs across Jamaica to enter the seventh staging of its pitch ­competition for start-ups...

Published:Friday | July 12, 2019 | 12:31 AMKarena Bennett - Business Reporter

Drought conditions across the island have sparked an average 50 per cent increase in fruit and vegetable prices at the farm gate over the past week, fuelling concerns that consumers could be forced to fork out more dollars for produce at grocery...

Published:Friday | July 12, 2019 | 12:25 AMKarena Bennett - Business Reporter

Looking to secure a larger foothold in the ethnic market in western Canada by year end, GraceKennedy has expanded retail space and launched new products in that market. But the food and financial services conglomerate has promised that more is to...

Published:Sunday | July 7, 2019 | 12:27 AMKarena Bennett - Business Reporter

The upgrades in its corporate credit ratings to CariA- and CariA by regional rating agency CariCRIS has Milverton Reynolds, the managing director of the Development Bank of Jamaica, DBJ, even more optimistic about plans to tap the market for...

Published:Friday | July 5, 2019 | 12:21 AMKarena Bennett - Business Reporter

The Access to Finance Facilitation Panel, a group made up of the Government, private institutions and business development organisations, is exploring movable assets as security for loans as one of the measures aimed at hitting a $100 billion...

Published:Sunday | June 30, 2019 | 12:23 AMKarena Bennett - Business Reporter

Trinidadian company WiPay has partnered with Lasco Financial Services for the roll-out of a payment platform across Jamaica next month. The product, which is already in Trinidad...

Published:Friday | June 28, 2019 | 12:29 AMKarena Bennett - Business Reporter

Trade Winds Citrus has pitched to the portfolio minister for agriculture, Audley Shaw, a plan to quarantine the first shipment of a new breed of cows from Costa Rica in a continued lobby for import permits that it has been chasing for nearly two...

Published:Friday | June 28, 2019 | 12:22 AMKarena Bennett - Business Reporter

Fourteen jobs at Community & Workers of Jamaica Co-operative Credit Union Limited, C&WJCCU, now hang in the balance following a US$1.5-million upgrade of the credit union’s information technology system...

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