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Stories by Karena Bennett - Business Reporter

Published:Sunday | November 17, 2019 | 12:00 AMKarena Bennett - Business Reporter

Courier company Mailpac Group Limited, MGL, hopes to settle at least $263 million in debt to its parent company, Norbrook Equity Partners, through a $495 million initial public offering of shares on the junior stock market. Mailpac, which used the...

Published:Friday | November 15, 2019 | 12:26 AMKarena Bennett - Business Reporter

As the Pension Industry Association of Jamaica, PIAJ, pushes for the Government to hasten its pace on phase-two reforms of the pension system, the Financial Services Commission, FSC, is now signalling publicly that it’s looking to deliver by next...

Published:Friday | November 8, 2019 | 12:37 AMKarena Bennett - Business Reporter

A mendments to the law that polices Special Economic Zones, SEZ, called for by players in Jamaica’s business process outsourcing, or BPO, sector could become a reality by end year, just in time for the transition from free zone operators to SEZ...

Published:Friday | November 8, 2019 | 12:30 AMKarena Bennett - Business Reporter

C anterbury Group, a Cayman Islands-based investment firm, has set up a company under the name, Jamaican Brew House Hops and Herbery, through which it intends to produce cannabis-infused beers. The company, which was launched on October 15 by a...

Published:Friday | November 1, 2019 | 12:00 AMKarena Bennett - Business Reporter

Marathon Insurance Brokers, a brokerage firm in operation north of 20 years, plans to triple market share in motor insurance through the launch of a platform that allows consumers to compare prices for auto insurance offered by multiple general...

Published:Friday | November 1, 2019 | 12:00 AMKarena Bennett - Business Reporter

F or every sentence she spoke, you were sure to hear a gleeful chuckle at the end. That is the nature of Thalia Lyn, the woman with the perennial smile, founder of the Island Grill restaurant chain and the 27th business leader to be inducted in...

Published:Friday | October 25, 2019 | 12:00 AMKarena Bennett - Business Reporter

Haiti Broilers SA, the Haitian operation of poultry producer Jamaica Broilers Group, JBG, has steadily grown the business over the past five years. For the financial year ending April 2019, the gains continued with growth in revenue by $150...

Published:Sunday | October 20, 2019 | 1:30 AMKarena Bennett - Business Reporter

was during the 1960s and 70s. “We’ve rebuilt our corporate membership but if it’s one complaint I have it’s that we don’t have enough corporates playing golf. Days gone by, Wednesdays were very popular days for various executives especially the...

Published:Friday | October 18, 2019 | 12:00 AMKarena Bennett - Business Reporter

Adam & Eve Day Spa and Salon is looking to grow its customer base by more than a third once it moves into its new home in Kingston...

Published:Sunday | October 13, 2019 | 12:00 AMKarena Bennett - Business Reporter

Chas E. Ramson Limited is investing $375 million in warehouse expansion for which construction has already broken ground on lands owned by the distribution company at its operating base in Kingston. The new warehouse space that Ramson aims to...

Published:Friday | October 11, 2019 | 12:16 AMKarena Bennett - Business Reporter

The measures mandated by the Financial Action Task Force, FATF, and its regional arm, while meant to keep constrain illicit financing of terrorists and other schemes, is now putting undue burden on non-profit operations that could drive then into...

Published:Friday | October 11, 2019 | 12:00 AMKarena Bennett - Business Reporter

AML/CFT CONFERENCE: Jamaica is set to tighten oversight of money flows by year end through amendments to the Proceeds to Organised Crime Act and the Terrorist Prevention Act. However, the timeline for the passage of legislation to police...

Published:Friday | October 4, 2019 | 12:20 AMKarena Bennett - Business Reporter

A dvantage General Insurance Company reported record premium income of $5.8 billion last year, its best showing in reviewed accounts dating back a dozen years. But it’s been six years since the general insurer first broke into the $5-billion...

Published:Sunday | September 29, 2019 | 12:26 AMKarena Bennett - Business Reporter

The annual customs seminar staged by the Jamaica Chamber of Commerce this year placed its spotlight on Jamaica’s emerging creative economy, including the treatment of imported fine art. The issue resolves around the opaque methods used to value art...

Published:Friday | September 27, 2019 | 12:31 AMKarena Bennett - Business Reporter

Adventure tour company Mystic Mountain is close to completing the US$570-million upgrade it began last year, and is now set for unveiling in December. The expansion project was facilitated by a $1.1-billion bond issued by the company last October...

Published:Sunday | September 22, 2019 | 12:33 AMKarena Bennett - Business Reporter

Advanced Integrated Systems Limited, (AIS), a tech solution company formed by Douglas Hallsall some 30 years, is finalising plans for the soft launch of an e-commerce platform called Q-Mall next month. The platform’s debut in October is expected...

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 | 12:00 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 | 12:00 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...

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