Wed | Nov 25, 2020

Stories by Karena Bennett - Business Reporter

Published:Sunday | November 22, 2020 | 8:13 AMKarena Bennett - Business Reporter

With people and traffic movement on the rise again, businesses are seeing signs that the peak commercial season will allow them to erase some of their pandemic-induced losses, and the countdown to Christmas is on. For some shopping areas, yuletide...

Published:Friday | November 20, 2020 | 12:12 AMKarena Bennett - Business Reporter

A uto battery maker Tropical Battery has entered into discussions with two companies on possibly merging its operation, or broadening the business through acquisition. Vice-President for Sales and Marketing Daniel Melville said the company is now...

Published:Monday | November 16, 2020 | 12:16 PMKarena Bennett - Business Reporter

Coffee processor Salada Foods Jamaica Limited's legal bid to overturn directives from the Jamaica Commodities Regulatory Authority, JACRA, regarding its coffee quota has been denied by the Supreme Court. Justice Nembhard, who delivered the ruling...

Published:Sunday | November 15, 2020 | 12:08 AMKarena Bennett - Business Reporter

The National Housing Trust, NHT, is estimating that it will forego some $418 million in loan repayments for this fiscal year ending March 2021 from the special measures implemented since April to assist persons who have fallen into financial...

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

A month after acquiring drinks manufacturer Jamaica Beverages, Trade Winds Citrus has entered the milk market with a protein shake under the brand name Tru-Shake. The product released last week will compete against the imported brand Ensure. Trade...

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

Plans for the upgrading of JMMB Group’s Moneyline platform across the three countries in which it operates are still on the cards, but right now the focus is on resolving a thorny technical problem that has hobbled the banking side of the platform...

Published:Sunday | November 8, 2020 | 12:08 AMKarena Bennett - Business Reporter

There is renewed urgency to get the small and medium-sized business community to increase the number and volume of products they sell globally, to help offset the estimated seven to 10 per cent economic contraction that Jamaica expects this fiscal...

Published:Thursday | November 5, 2020 | 5:02 PMKarena Bennett - Business Reporter

The Government of Jamaica has launched an investment map that allows residents to easily track projects that are being financed with resources from both the Government and donor agencies. The website, which was launched in partnership with the...

Published:Sunday | November 1, 2020 | 12:06 AMKarena Bennett - Business Reporter

Jamaica Customs Agency (JCA) is moving to have all its procedures certified by the International Organisation for Standardisation (ISO) and has also engaged a consultant for the upgrading of its website as part of its efforts to better serve...

Published:Friday | October 30, 2020 | 12:14 AMKarena Bennett - Business Reporter

Industrial air-cooling company CAC 2000 Limited will make a final payment of US$45,000 to X-Ray Diagnostics in December, bringing an end to a 17-year legal battle between the two companies. A turn in their ongoing legal strife came on May 28, when...

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:...

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