Sun | Dec 5, 2021

Stories by Karena Bennett - Business Reporter

Published:Sunday | November 21, 2021 | 12:07 AMKarena Bennett - Business Reporter

Buoyed by the oversubscription for its Bessa resort vacation units, real estate and entertainment company KLE Group is on the hunt for a second development property in St Mary. KLE Chairman David Shirley said Thursday that the company has already...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

Tropical Battery Company Limited will embark on a recycling programme for degraded electric vehicle and solar batteries in the first quarter of 2022, an initiative that Managing Director Alexander Melville deems as both financially viable and...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

JMMB Group Limited is setting up an alternative payments division through which it will expand remittance and banking services. It is awaiting regulatory approval from the Bank of Jamaica for the roll-out of several payment solutions and services...

Published:Friday | November 12, 2021 | 12:10 AMKarena Bennett - Business Reporter

Outsourcing Management, a business process outsourcing company which trades as itel, has raised $3.1 billion in fresh capital on the bond market, four-fifths of which will fund new projects. The debt raise consisted of two bonds – one set to...

Published:Sunday | November 7, 2021 | 12:07 AMKarena Bennett - Business Reporter

The Ministry of Agriculture and Fisheries (MOAF) has unveiled nine strategic objectives it hopes to knock off its working list before December 2025, but it may prove to be a tall order for the ministry to fill, having flunked on the majority of its...

Published:Friday | November 5, 2021 | 12:08 AMKarena Bennett - Business Reporter

Six months into his role as managing director of Lasco Distributors Limited, John De Silva, has started making adjustments to the portfolio of products the distribution company carries, a move intended to deepen its market share as well as gin up...

Published:Friday | November 5, 2021 | 12:08 AMKarena Bennett - Business Reporter

The electric vehicle market in Jamaica is yet to gain traction, but National Commercial Bank Jamaica, NCB, is looking to accelerate the pace at which consumers transition towards the greener alternative to gas-fuelled autos, with the roll-out of...

Published:Sunday | October 31, 2021 | 12:08 AMKarena Bennett - Business Reporter

The National Housing Trust, NHT, state provider of affordable homes and mortgages, came under heavy criticism when it first proposed to sell the long-waited Ruthven Towers apartments for $16 million to $22 million, prices that were seen as more...

Published:Friday | October 29, 2021 | 12:09 AMKarena Bennett - Business Reporter

Agro-Investment Corporation, an agency of the Ministry of Agriculture...

Published:Saturday | October 23, 2021 | 12:09 AMKarena Bennett - Business Reporter

The e-mobility project launched by the Jamaica Public Service Foundation and the Inter-American Development Bank’s innovation unit, IDB Lab, to accelerate the development of electric vehicle technology in Jamaica, has established an electric...

Published:Friday | October 22, 2021 | 12:09 AMKarena Bennett - Business Reporter

A plan by the University of the Commonwealth Caribbean, UCC, to develop a university town some six years ago is finally gaining traction, with the groundbreaking slated to take place on completion of UCC’s listing on the Jamaica Stock Exchange...

Published:Saturday | October 9, 2021 | 12:08 AMKarena Bennett - Business Reporter

Medical Disposables...

Published:Friday | October 1, 2021 | 12:09 AMKarena Bennett - Business Reporter

Lasco Manufacturing Limited, LASM, has developed a new line of products that it will first offer to the local consumer market before seeking sales overseas. But the products may not hit supermarket shelves anytime soon, at least not until a...

Published:Friday | October 1, 2021 | 12:09 AMKarena Bennett - Business Reporter

Two international outsourcing firms expanded their footprint to Jamaica and officially launched operations this month. More firms in the industry alternatively referred to as the BPO sector or the global services sector, GSS, including agents of...

Published:Saturday | September 25, 2021 | 12:08 AMKarena Bennett - Business Reporter

Against the background of a recent survey showing that 12 multinational corporations, MNCs, operating in Jamaica would be subject to the proposed global minimum tax rate of 15 per cent, the government is being urged to revisit tax incentives...

Published:Saturday | September 25, 2021 | 12:07 AMKarena Bennett - Business Reporter

Mailpac Group, which is heavily into the e-commerce solutions business, has, through its Mailpac Local subsidiary, launched an online grocery store to grow market share, with a plan to retail products some five to 15 per cent less than traditional...

Published:Wednesday | September 22, 2021 | 12:05 AMKarena Bennett - Business Reporter

The world over, the dynamics of retail are changing, thanks to COVID-19. Supermarkets in Jamaica, too, have been forced to adjust their operational routines, some for the better, as a result of pressures brought by the pandemic in general, and more...

Published:Saturday | September 18, 2021 | 12:08 AMKarena Bennett - Business Reporter

Tax Administration Jamaica, TAJ, has listed at least 10 business services that it intends to make paperless before the end of the fiscal year in April 2022, as it aims to have 90 per cent of all tax payment transactions online. The move also comes...

Published:Tuesday | September 14, 2021 | 4:35 PMKarena Bennett - Business Reporter

Jamaican manufacturers and exporters say they have seen at least a 20 per cent dip in earnings in the past month, due to the 'no movement' days, according to information released by the Jamaica Manufacturers and Exporters Association, which is...

Published:Saturday | September 11, 2021 | 12:09 AMKarena Bennett - Business Reporter

Shareholders of microlender Access Financial Services, AFS, on Thursday approved a resolution that will see the company adding four directors to its board, moving from seven to a maximum of 11. The amendment to the AFS Articles of Incorporation...

Published:Saturday | September 11, 2021 | 12:08 AMKarena Bennett - Business Reporter

Beverage company Wisynco Group Limited doubled its cash holdings in one year, from $3.6 billion to $7.2 billion, enough to part fund acquisitions when opportunities arise over the short term, Chairman William Mahfood has said. The additional cash...

Published:Saturday | September 11, 2021 | 12:05 AMKarena Bennett - Business Reporter

The Jamaica Manufacturers and Exporters Association, JMEA, is already in discussions with another air cargo carrier that would serve as the third preferred logistics solution company for its members, having recently struck a deal with Caribbean...

Published:Friday | September 10, 2021 | 12:09 AMKarena Bennett - Business Reporter

A new bond being issued by Pulse Investments Limited is expected to raise $1.1 billion for the modelling and hospitality company and thereafter, will be listed on the Jamaica Stock Exchange, JSE. The bond will have a seven-year tenure and is being...

Published:Sunday | September 5, 2021 | 7:20 AMKarena Bennett - Business Reporter

Activity in the property auction and private treaty market are at a low, due to leniency by mortgage lenders that have held back from confiscating the homes of debtors while the economy tries to recover from the COVID-19 pandemic, the Realtors...

Published:Thursday | September 2, 2021 | 1:58 PMKarena Bennett - Business Reporter

Courier and delivery solutions company Mailpac has spent roughly nine months pilot-testing a self-serve parcel locker at its Old Hope Road store in Kingston. The test has been successful, Executive Chairman of the Mailpac Group, Khary Robinson,...

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