Thu | Nov 26, 2020

Stories by Karena Bennett - Business Reporter

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...

Published:Thursday | April 23, 2020 | 5:37 PMKarena Bennett - Business Reporter

Financial institutions across St Catherine reopen their doors to the public on Friday, but have warned that clients may experience delays in accessing in-branch, ABM and even call-centre services. Business reopened in the parish on Wednesday, but...

Published:Friday | April 17, 2020 | 12:14 AMKarena Bennett - Business Reporter

MONTHS BEFORE Jamaica confirmed its first case of the new coronavirus, the country of 2.8 million people was already showing signs of a slowdown in economic performance, according to data released by the Statistical Institute of Jamaica, Statin,...

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

Kevin Frith, the man who founded Bar Central in 2013, is going into a new line of business. He continues to hold a one-quarter stake in Bar Central, a marketing and distribution company for liquor and drinks, but has ceased being its CEO since the...

Published:Sunday | March 29, 2020 | 12:26 AMKarena Bennett - Business Reporter

Pulse Investments Limited has waived April’s rent payments for its 46 commercial tenants who are feeling the effects of the economic slowdown caused by the coronavirus, COVID-19. The waiver, in addition to the temporary closure of Pulse Rooms in...

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 | 12:00 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...

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