Wed | Jan 26, 2022

Stories by Neville Graham/Business Reporter

Published:Saturday | December 4, 2021 | 12:07 AMNeville Graham/Business Reporter

Alliance Investment Management Limited (AIML), Alliance Financial Limited (AFL), their President Peter Chin and Vice President Robert Chin are facing a raft of charges for alleged breaches of the Bank of Jamaica Act, the Banking Services Act and...

Published:Wednesday | October 27, 2021 | 2:24 AMNeville Graham/Business Reporter

The US$15 million ($2.3 billion) shot in the arm announced Tuesday is just what cannabis research and production outfit Medicanja needs to chart a direct course to growth, according to Chairman Dr Henry Lowe. The cannabis company is now being...

Published:Thursday | October 21, 2021 | 12:09 AMNeville Graham/Business Reporter

A digital future is coming into sharp focus for the RJRGLEANER Communications Group as the company readies for digital switchover (DSO). The company is planning to spend about $1.5 billion on the project to digitise its operation, according to CEO...

Published:Monday | October 11, 2021 | 12:08 AMNeville Graham/Business Reporter

As a raging fire swept through the Newport West warehouse and offices of Seprod on Saturday night, CEO Richard Pandohie said he parked his car in front of the Facey Pharmaceutical Division of the manufacturing and distribution conglomerate. He...

Published:Wednesday | September 15, 2021 | 12:07 AMNeville Graham/Business Reporter

Kingston Properties Limited, KPREIT, is banking on a continuing property boom in the Cayman Islands. The real estate investment trust placed a US$3.13-million bet to that effect last Thursday, when it entered into an agreement with a developer to...

Published:Wednesday | September 1, 2021 | 12:05 AMNeville Graham/Business Reporter

Warren Chung will step down as CEO of Elite Diagnostic Limited at month end for personal reasons. Chung, 57, has helmed the business since its formation a decade ago, but having steadied the performance of the Drax Hall, St Ann, diagnostic centre,...

Published:Wednesday | July 14, 2021 | 12:09 AMNeville Graham/Business Reporter

Logistical delays, material shortages and production problems have been pushing up hardware sector prices, but it’s had no discernible impact on demand for hardware items, according to sector operators. Like the wider construction market, hardware...

Published:Wednesday | July 7, 2021 | 12:07 AMNeville Graham/Business Reporter

Heavy equipment company IMCA Jamaica, the agents for Caterpillar, is moving to reclaim turf and take advantage of opportunities in the construction and mining sectors, a centrepiece of which will be a new base of operation being developed on its...

Published:Wednesday | June 23, 2021 | 12:07 AMNeville Graham/Business Reporter

Six months into the job as CEO, Gia Abraham is focused on a three-pronged strategy for air conditioning company, CAC 2000 Limited, centred on diversification, operational improvements and people development. She has taken over from her husband...

Published:Wednesday | June 2, 2021 | 12:05 AMNeville Graham/Business Reporter

With favourable winds and high equipment availability, Wigton Windfarm Limited breezed past its 2020 profit performance, topping the $664 million earned last year by nearly 19 per cent. The improvement came despite third quarter wind-availability...

Published:Wednesday | May 26, 2021 | 12:06 AMNeville Graham/Business Reporter

Sygnus Credit Investments Limited, SCI, will be heading to the market again to raise capital, but this time it’s going after debt on the private market. The company, which recently raised fresh equity on the stock market through additional public...

Published:Wednesday | May 19, 2021 | 12:07 AMNeville Graham/Business Reporter

PanJam Investment Limited is putting a dozen residential units on the market, the first set among 41 that will sit atop the ROK Hotel on the Kingston waterfront. However, PanJam Deputy CEO Paul Hanworth says the company will not reveal the cost of...

Published:Wednesday | May 12, 2021 | 12:10 AMNeville Graham/Business Reporter

National Housing Trust (NHT) secured mortgage buyout deals with three financial companies that it partners with under the Joint Financing Mortgage Programme, JFMP, but is keeping the details of the transactions under wraps. The size of the buyout...

Published:Wednesday | April 14, 2021 | 5:43 AMNeville Graham/Business Reporter

Dolphin Cove is starting a shift in customer traffic back towards more foreign visitors, but is still far from a full recovery of the most lucrative segment of its market. The company has been mostly reliant on locals for business since the COVID...

Published:Wednesday | March 24, 2021 | 12:11 AMNeville Graham/Business Reporter

Private sector leaders are calling for greater enforcement of COVID-19 protocols, while lining up behind the additional restrictions announced at the weekend, in what is being described as a soft or partial lockdown of the economy. The next...

Published:Wednesday | February 17, 2021 | 4:48 AMNeville Graham/Business Reporter

Starting mid-year, American company Marriott Hotel will open four all-inclusive resorts in Jamaica under the Autograph Collection brand, in a deal with Sunwing Travel Group that incorporates 1,127 rooms. Their partnership will see the Royalton...

Published:Wednesday | January 27, 2021 | 4:18 AMNeville Graham/Business Reporter

Having exceeded sales expectations in the first half-year, Tools Hardware...

Published:Wednesday | January 20, 2021 | 12:19 AMNeville Graham/Business Reporter

The Holness administration has rejigged expenditure to help bolster its capacity to fight the coronavirus outbreak as Finance Minister Dr Nigel Clarke unveiled a $3.5-billion cut for the 2020-2021 fiscal year when he tabled the third...

Published:Wednesday | January 20, 2021 | 12:08 AMNeville Graham/Business Reporter

They blame a spike in commodity prices and shipping costs. Hardware merchants and suppliers say they’re shelling out up to five times more on imports into Jamaica, and that the construction materials they trade in would inevitably become more...

Published:Wednesday | January 13, 2021 | 12:21 AMNeville Graham/Business Reporter

Aloun Ndombet Assamba’s departure as CEO of Jamaica’s second-largest credit union, COK Sodality, was announced through a press advertisement, officially ending her second stint running the community bank on a reform agenda on December 31. But while...

Published:Wednesday | January 6, 2021 | 12:15 AMNeville Graham/Business Reporter

January 2020 would have opened with some amount of optimism about the Jamaican economy. At that time, the economy would have completed 19 consecutive quarters of growth before registering a flat three months to December 2019, as the country’s...

Published:Wednesday | December 30, 2020 | 12:08 AMNeville Graham/Business Reporter

Listed private credit outfit Sygnus Credit Investments Limited appears set to upsize to US$32 million, its US$22-million additional public offering of shares, or APO, which was extended by a week as the company sought to cast a wider net and hold...

Published:Wednesday | December 23, 2020 | 12:06 AMNeville Graham/Business Reporter

It’s been a rocky ride for listed training institute iCreate. On top of carrying sizeable accumulated losses that have grown over the past two years, the company has seen a dramatic revenue slide from $24.5 million in its first quarter this year to...

Published:Wednesday | December 2, 2020 | 12:06 AMNeville Graham/Business Reporter

KFC Jamaica opened a new outlet in Junction, St Elizabeth on Monday, a $200-million investment that brings the number of stores in the chain to 39, and ends a years-long wait by the community for the fast-food chain to set up shop there. The...

Published:Wednesday | November 25, 2020 | 12:19 AMNeville Graham/Business Reporter

Jamaican Teas Limited is adding 12,000 square feet of factory space, a $150-million investment that will give the company over 50 per cent more room to make non-tea products for its expanding market. CEO John Mahfood says construction is planned...

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