Sun | Nov 17, 2019

Stories by Karena Bennett/Business Reporter

Published:Wednesday | November 13, 2019 | 12:30 AMKarena Bennett/Business Reporter

A vision by four brothers in 1958 to manage a local printing business today stands as the source of employment for more than 100 individuals and one of the top five players in Jamaica’s printing landscape. Their father, Gerald Duquesnay, took a...

Published:Wednesday | November 6, 2019 | 12:12 AMKarena Bennett/Business Reporter

Canco Limited, a manufacturing operation based in Seaforth, St Thomas, is looking for at least a 10 per cent jump in revenues from a decision to diversify into co-packing products for both local and international businesses. A producer of canned...

Published:Wednesday | October 30, 2019 | 12:16 AMKarena Bennett/Business Reporter

Khary Robinson, executive chairman of Mailpac Group Limited, has announced plans to come to market with the “largest junior market offering in Jamaica’s history” for the delivery company later this year. Details of the initial public offering were...

Published:Wednesday | October 30, 2019 | 12:08 AMKarena Bennett/Business Reporter

The early ’80s were a time of bright miniskirts, platform shoes and disco balls, all of which contrasted with the businesswoman image Jennifer Samuda wanted to portray when she decided to chart a path in entrepreneurship. But if entering ‘...

Published:Wednesday | October 16, 2019 | 1:30 AMKarena Bennett/Business Reporter

Lloyd W. Gray’s early working years were spent tending livestock as a government worker, but he dreamed of running his own company some day. So whatever time he got off the job would be invested in mapping out that business, an agro-processing...

Published:Wednesday | October 9, 2019 | 12:19 AMKarena Bennett/Business Reporter

Dennis Chung spent months discussing his transition from life insurance adviser to restaurant owner with his brother-in-law, Winston Lee. Lee, who had made a success out of his own restaurant, Golden Dragon, was persuasive about making the switch...

Published:Wednesday | October 2, 2019 | 12:11 AMKarena Bennett/Business Reporter

Medical Disposables and Supplies Limited, MDS, has set a plan in motion that it hopes will establish it as market leader in the medical distribution sector. The distributor of medical and consumer products reported on Tuesday that it developed and...

Published:Wednesday | September 25, 2019 | 12:10 AMKarena Bennett/Business Reporter

Lascelles Chin, executive chairman of the Lasco group of companies, disclosed plans on Monday to enter a new business venture by 2021 that will likely be financed from a $5 billion pool of funds available to the group. While tight-lipped on the...

Published:Wednesday | September 18, 2019 | 12:27 AMKarena Bennett/Business Reporter

Hyperion Equity Inc, a firm formed by Zachary Harding, has announced plans to acquire a minority stake in SSL Growth Equity Limited (Barbados), the parent company of Stocks and Securities Limited (SSL Jamaica). A Belize registered international...

Published:Wednesday | September 11, 2019 | 12:23 AMKarena Bennett/Business Reporter

Stanley Motta Limited, real estate developer of 58HWT in Kingston, has done away with any thought of using the General Accident building as a residential complex to increase earnings for the company. Instead, Chairman of Stanley Motta Melanie...

Published:Wednesday | August 28, 2019 | 12:26 AMKarena Bennett/Business Reporter

Jamaica has reported ­another contraction in cruise passenger arrivals for June 2019, but there is hope that the country should see increases in arrivals, given plans for the development of a new cruise berthing facility in George Town, Grand...

Published:Wednesday | August 21, 2019 | 12:23 AMKarena Bennett/Business Reporter

Port Royal has secured a second cruise ship to call at the port, but not until 2022. Crystal Cruises, an American cruise line based in Los Angeles, California, has listed the Port Royal cruise port as one of 219 destinations it will explore in 83...

Published:Wednesday | August 7, 2019 | 12:18 AMKarena Bennett/Business Reporter

United Cannabis Corporation (UCANN), the American company that has partnered with Lasco Manufacturing for the production of cannabis-infused water among other cannabis medicinals, has been issued a licence to cultivate cannabis through a company...

Published:Wednesday | July 31, 2019 | 12:14 AMKarena Bennett/Business Reporter

First Heritage Co-operative Credit Union, FHC, is going after a larger share of the micro market through its newest loan product, ‘One and Move’. The name mimics an expression commonly used by taxi operators across Jamaica, who use it as a rallying...

Published:Wednesday | July 31, 2019 | 12:06 AMKarena Bennett/Business Reporter

Coldwell Banker Realty Jamaica will redevelop and offer for lease a property acquired at the intersection of Harbour Street and West Street in Kingston for just over $40 million, says Construction Project Manager Peter Issa. The redevelopment,...

Published:Wednesday | July 24, 2019 | 12:35 AMKarena Bennett/Business Reporter

Minister of Finance Nigel Clarke will table orders in Parliament by September 30 that give effect to special and differential treatment for micro, small and medium-sized businesses, MSMEs, under the public procurement law. The regulations, once...

Published:Wednesday | July 24, 2019 | 12:08 AMKarena Bennett/Business Reporter

The building that once housed Globe Fine Furniture, formerly known as one of the largest assemblage of fine hand-crafted furniture in the Caribbean, has been placed on the market after sitting idly for several years. The property at 46 Constant...

Published:Wednesday | July 17, 2019 | 12:23 AMKarena Bennett/Business Reporter

AMG Packaging and Paper Company Limited has received approval from its board of directors to seek funding for the development of an adjoining property to its business place, which it acquired last year. The cardboard paper maker currently operates...

Published:Wednesday | July 10, 2019 | 12:08 AMKarena Bennett/Business Reporter

Caribbean Cream Limited, the ice cream manufacturer that trades as Kremi, has pumped US$500,000 (J$65 million) into a new production line for frozen novelties, ending a more-than-a-decade-old hiatus in Jamaica’s production of icicles. The latest...

Published:Wednesday | July 3, 2019 | 12:08 AMKarena Bennett/Business Reporter

CEAC Outsourcing Com­pany, a local entity in the business of labour recruitment, has diversified its business model to include a construction division that deals in the ­buildout of business spaces and housing development. The company hopes to...

Published:Wednesday | June 26, 2019 | 12:29 AMKarena Bennett/Business Reporter

Battery distributor Tropical Battery is pumping about $60 million into what will soon be its new headquarters at the Kingston 876 commercial complex in Ferry, Kingston. The new location – which spans 1.7 acre of which 25,000 square feet will be...

Published:Wednesday | June 26, 2019 | 12:22 AMKarena Bennett/Business Reporter

In what would be a first for a Jamaican credit union, shares issued to its members valuing $900 million are now targeted for listing on the Jamaica Stock Exchange, which could open up the possibility of non-members gaining ownership through regular...

Published:Wednesday | June 19, 2019 | 12:43 AMKarena Bennett/Business Reporter

Community & Workers of Jamaica Co-operative Credit Union Limited, C&WJCCU, has inked an agreement with state agency Rural Agricultural Development Authority, RADA, to create a loan product that is to finance crop yields...

Published:Wednesday | June 19, 2019 | 12:22 AMKarena Bennett/Business Reporter

Cascade Group Jamaica, the developer of the Kingston 876 commercial complex, is sifting through potential investors for lots that are expected to be ready for delivery in August. Infrastructure works at the 94-acre complex, which sits at the...

Published:Wednesday | June 19, 2019 | 12:19 AMKarena Bennett/Business Reporter

At least two fuel marketing companies have entered into discussions with Jamaica Public Service Company, JPS, to outfit their service stations with electric vehicle or EV charging stations. The power utility is rolling out a national pilot...

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