Sat | Aug 24, 2019

Stories by Neville Graham - Business Reporter

Published:Friday | August 23, 2019 | 12:25 AMNeville Graham - Business Reporter

When Caribbean Producers Jamaica’s (CPJ)new technology platform collapsed at it’s commissioning, it not only disrupted customer orders, but created a spiral that derailed the company’s earnings and put at risk its undertakings to creditors who...

Published:Friday | August 23, 2019 | 12:22 AMNeville Graham - Business Reporter

Seprod’s grain joint venture has opened up export markets in four regional countries in the near two years that it has been in operation. And while Seprod CEO Richard Pandohie was not specific on the details, he said the payback on the more than $...

Published:Friday | August 9, 2019 | 12:16 AMNeville Graham - Business Reporter

Interim receiver Ken Tomlinson has reaffirmed in a second report to the court that properties owned by Arc Systems Limited were transferred over time to a company called Hilda Corporation and subsequently transferred two years ago to another...

Published:Sunday | August 4, 2019 | 12:10 AMNeville Graham - Business Reporter

Petrol dealer Annette Wong-Lee says growing up in a clan of nine boys and two girls not only prepared her to hold her own, but to stand out in the tough world of the auto industry. She has now delivered what is being described as Jamaica’s first ‘...

Published:Sunday | July 28, 2019 | 12:11 AMNeville Graham - Business Reporter

Ken Tomlinson, the interim receiver for Arc Systems Limited, ­acknowledged under questioning in court on Wednesday that none of the mortgages issued against properties identified in his report to the court had been guaranteed by Arc Systems....

Published:Sunday | July 21, 2019 | 12:11 AMNeville Graham - Business Reporter

Illegal growers of marijuana are being offered the opportunity to formalise their operations through the Alternative Development programme under construction by the MICAF, which is meant to create a supply chain for the medical marijuana and pharma...

Published:Sunday | July 14, 2019 | 12:28 AMNeville Graham - Business Reporter

Hearings into the claim for the winding up of Arc Systems Limited will continue on July 24, a date set Friday by Justice David Batts after denying the company’s bid to reverse the order that appointed the liquidator. Batts, however, granted...

Published:Friday | June 28, 2019 | 12:27 AMNeville Graham - Business Reporter

Sales have slowed at Jetcon Corporation, leading to a build-up of inventories, but Chairman John Jackson says the company is doing better than some auto dealers amid a downturn in the market. The industry, he said, has seen an overall 32 per cent...

Published:Friday | June 28, 2019 | 12:26 AMNeville Graham - Business Reporter

The hearings into the winding up of Arc Systems will move to open court at the next hearing on July 12, according to different parties in the case. The decision was made by Justice David Batts at a closed-door hearing on June 20 at the Supreme...

Published:Friday | June 14, 2019 | 12:31 AMNeville Graham - Business Reporter

Arc Manufacturing has struck a deal with Chinese firm Biola to produce a range of forklifts to be sold under the ARC name. Executive Chairman Norman Horne says he spent about three months touring facilities and looking at different models before...

Published:Sunday | June 9, 2019 | 12:11 AMNeville Graham - Business Reporter

Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...

Published:Friday | May 31, 2019 | 12:25 AMNeville Graham - Business Reporter

Norman Horne’s hardware distribution company Arc Systems Limited has been placed in receivership for unpaid debts related to construction steel, or rebars, bought from a transport company based in Montego Bay. The order, handed down in the...

Published:Friday | May 31, 2019 | 12:24 AMNeville Graham - Business Reporter

First Heritage Co-operative Credit Union, FHC, doubled its surplus, set a new record and wiped out its deficit, all in a single blow. For CEO Roxann Linton, FHC’s performance in 2018 is affirmation of her bet that teamwork and relationships can...

Published:Friday | May 17, 2019 | 12:31 AMNeville Graham - Business Reporter

Fresh from an industrial accident which saw flat profits, Salada Foods CEO Diana Blake-Bennett says her fears of further fallout have been realised from the imposition of a cess on green beans imported for its instant coffee business. For the six-...

Published:Sunday | May 5, 2019 | 12:19 AMNeville Graham - Business Reporter

Integrated cannabis firm Epican is now rolling out its second store at a prime location along the Jimmy Cliff Boulevard in Montego Bay otherwise called the Hip Strip. Then later this year, it will add three more retail shops in Negril, Falmouth,...

Published:Friday | April 26, 2019 | 12:15 AMNeville Graham - Business Reporter

Clinton Reid took on his former employer, Jamaica National Building Society, JNBS, in a five-year battle, and won. But the 50-year-old chartered accountant says the $8.5 million award granted by the Industrial Disputes Tribunal, IDT, is cold...

Published:Thursday | April 18, 2019 | 12:29 AMNeville Graham - Business Reporter

Jamaica’s most populous fast food enterprise KFC is about to get bigger, and its boss, Mark Myers, is looking to add new enticements to the product line up in its stores, possibly through a new franchise arrangement. Restaurants of Jamaica, ROJ,...

Published:Sunday | April 14, 2019 | 12:15 AMNeville Graham - Business Reporter

Managing Director of EXIM Bank Jamaica Lisa Bell is looking to Government’s promise that funds from dormant ­accounts could find their way into the productive sector as low-interest loans. Industry, Commerce, and Agriculture Minister Audley Shaw...

Published:Friday | April 12, 2019 | 12:22 AMNeville Graham - Business Reporter

Pulse Investments Chairman Kingsley Cooper says he’s harboured global ambitions ever since designing the Pulse logo 40 years ago. That yearning is to be realised with the launch of Pulse Global, he says. Key to the global push is a foray into...

Published:Friday | April 5, 2019 | 12:14 AMNeville Graham - Business Reporter

W orthy Park Estates is looking to rum for more revenue, saying its reputation as Jamaica’s most efficient estate is not enough to overcome changes in the sugar market that are driven by external events. In a continued tweak of its more than 300-...

Published:Friday | April 5, 2019 | 12:13 AMNeville Graham - Business Reporter

C OK Sodality Co-operative Credit Union is moving to shore up its capital base and finance a new core banking system by issuing a five-year deferred share offer to its membership that seeks to raise about $600 million. The year-long subscription...

Published:Sunday | March 31, 2019 | 12:12 AMNeville Graham - Business Reporter

Pulse Investments Limited, which is listed on the Jamaica Stock Exchange, is seeking to secure a foothold in the African lifestyle market, and to that end has started running advertisements in its search for models on the continent. The model...

Published:Friday | March 22, 2019 | 12:16 AMNeville Graham - Business Reporter

Norbrook Equity Partners is working on a plan that aims to develop ice supply into a regional market. It starts with the $350 million that the investment holding company Norbrook and its joint-venture partners in Pure National Limited, PNL, are...

Published:Sunday | March 17, 2019 | 12:18 AMNeville Graham - Business Reporter

With the commissioning of a 22-room boutique on the cusp of New Kingston and pending rollout of new suites at Villa Ronai, Pulse is looking to carve out more earnings for the leisure side of the company that is better known for models and fashion...

Published:Friday | March 15, 2019 | 12:34 AMNeville Graham - Business Reporter

Start-up investment outfit First Rock Capital Holdings Limited has raised $2.5 billion in equity capital from private investors, all of which it intends to pump as equity into various real estate ventures and other companies. First Rock, which...

Pages

Subscribe to Neville Graham - Business Reporter