Wed | Nov 25, 2020

Stories by Karena Bennett - Business Reporter

Published:Wednesday | February 19, 2020 | 12:00 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 | 12:00 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 | 12:00 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...

Published:Friday | December 20, 2019 | 12:00 AMKarena Bennett - Business Reporter

Manufacturing and distribution conglomerate Wisynco Group has identified a property in Trelawny to house its second distribution outlet. Details about the new outlet are still being worked out between the property owner and company executives,...

Published:Friday | December 20, 2019 | 12:16 AMKarena Bennett - Business Reporter

One of the last known private equity deals struck just before Mark Croskery exited the leadership of Stocks...

Published:Friday | December 13, 2019 | 12:00 AMKarena Bennett - Business Reporter

Kingston Wharves has bought out its joint-venture partner Stocks...

Published:Sunday | December 8, 2019 | 12:19 AMKarena Bennett - Business Reporter

Norbrook Equity Partners, the parent company of Express Fitness Limited, has sold 10 per cent of its stake in Express Fitness to financial services company Sagicor Investments Jamaica Limited. The deal comes just a month shy of a year since...

Published:Friday | December 6, 2019 | 12:34 AMKarena Bennett - Business Reporter

Weeks after the take up of a 30 per cent stake in the business by PanJam Investment Limited and Portland Private Equity, itelBPO has broken ground in St Lucia for the development of a 20,000 square foot centre. Development of the two-storey...

Published:Friday | December 6, 2019 | 12:00 AMKarena Bennett - Business Reporter

L ess than a month before the styrofoam ban is to take full effect, business groups are still waiting for the Jamaican Government to give final word on whether their push for an extension will be heeded. Manufacturer Wisynco Group, which initially...

Published:Friday | December 6, 2019 | 12:27 AMKarena Bennett - Business Reporter

H aving added ‘sparkle’ to its cranberry-flavoured water, Wisynco Group is now positioning it as one of the main products to be pushed in export markets as the manufacturer works towards hitting a target of 10 per cent in foreign sales by 2021....

Published:Friday | November 29, 2019 | 12:27 AMKarena Bennett - Business Reporter

Jamaica Beverages Limited, JBL, a manufacturer of juice and milk products, has put up the business and its assets for sale to settle a court-awarded judgment amounting to US$4.5 million, or $560 million. In a public notice last week, the joint...

Published:Sunday | November 24, 2019 | 12:23 AMKarena Bennett - Business Reporter

In the six years since a quintet of local fuel dealers launched their own petroleum marketing business, Future Energy Source Company, they have built a network of 13 service stations, branded as Fesco, all of which are owned by their dealers. By...

Published:Friday | November 22, 2019 | 12:23 AMKarena Bennett - Business Reporter

Lumber Depot Limited, a company formed from the demerger of the hardware business from soapmaker Blue Power Group, will come to market with capitalisation of $706 million, under its initial public offering of shares, which hits the market today,...

Published:Thursday | November 21, 2019 | 12:00 AMKarena Bennett - Business Reporter

  The Development Bank of Jamaica has over $45 billion to pump into the economy through its redesigned Credit Enhanced Facility, CEF. Just over $5 billion has already been taken up by four financial institutions which intend to spread the...

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