Mon | Jul 26, 2021

Stories by Karena Bennett - Business Reporter

Published:Friday | March 26, 2021 | 12:13 AMKarena Bennett - Business Reporter

The Ministry of Industry, Investment and Commerce, MIIC, is working with both private- and public-sector interests on the development of a secondary market for confiscated property, an initiative that at its core is meant to unlock capital for...

Published:Thursday | March 25, 2021 | 7:39 AMKarena Bennett - Business Reporter

Petroleum marketing company Future Energy Source Company, which trades as Fesco, hopes to raise $400 million from stock market investors in exchange for a 20 per cent stake in the company. Fesco’s updated prospectus for its initial public offering...

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

Coffee processor Salada Foods Jamaica Limited is weighing price increases for its instant coffee products, one of at least five measures the company is pursuing to combat the expected fallout in earnings from the revision of its coffee blend to...

Published:Sunday | March 7, 2021 | 12:13 AMKarena Bennett - Business Reporter

Plastic drinking straws should be off the market by mid-year, but Jamaican manufacturers say they have identified a loophole that gives juice importers an advantage and which they are urging Government to plug before the third phase of the ban is...

Published:Friday | March 5, 2021 | 12:11 AMKarena Bennett - Business Reporter

Trinidadian John deSilva has been hired to run Lasco Distributors Limited, closing the vacancy for managing director that had been open for nearly two years. DeSilva, who took office on March 1, eases deputy executive chairman James Rawle of his...

Published:Sunday | February 28, 2021 | 12:20 AMKarena Bennett - Business Reporter

Jolted by the pandemic, insurance brokerage Caribbean Assurance Brokers Limited, CAB, has pumped funds into new software and is building out an online platform that it intends to position as its primary conduit for doing business. The transition...

Published:Friday | February 26, 2021 | 12:18 AMKarena Bennett - Business Reporter

At over 65 years old and with commerce going through a transition, Jamaica’s trade law is due for a makeover and the Ministry of Industry, Investment and Commerce, MIIC, has begun the search for a consultant to lead the review. Bidding on the...

Published:Sunday | February 14, 2021 | 12:19 AMKarena Bennett - Business Reporter

The associations that speak for payday lenders, Jamaica Micro Financing Association, or JamFA, and the Jamaica Association for Micro Financing, known as JamFin, are heading into more talks this week to reinforce their message to members – that some...

Published:Sunday | February 14, 2021 | 12:13 AMKarena Bennett - Business Reporter

A project between the Government of Jamaica and the International Labour Organization, or ILO, which is intended to shift businesses and workers in three sectors into the formal economy, has so far made progress on two – agriculture and fishing....

Published:Friday | February 12, 2021 | 12:31 AMKarena Bennett - Business Reporter

Edgar Bobby Stone hung up his hat as a procurement manager at the GraceKennedy food and financial services group in 2014 to become his own boss as the owner of Jamaica’s fourth corrugated box making company. Venturing into business is risky, so...

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

The Financial Services Commission, FSC, has warned the public against investing funds with Sprint Financial Services, saying the company owned and operated by CEO Christopher Barrett does not hold a securities licence. The company has operated as a...

Published:Thursday | February 4, 2021 | 6:04 PMKarena Bennett - Business Reporter

Signalling continued commitment to its most tumultuous market, Jamaica Broilers Group Limited, JBG, promoted a local from within as general manager, while continuing to plot the turnaround of its Haitian operation amid the pandemic and continuing...

Published:Sunday | January 31, 2021 | 8:52 AMKarena Bennett - Business Reporter

Directors of Palace Amusement, Douglas Graham and Melanie Graham are hopeful that the release of more attractive movies over the latter half of 2021 will pull Jamaicans back their cinemas, but in the meantime, they have re-entered discussions with...

Published:Sunday | January 24, 2021 | 12:10 AMKarena Bennett - Business Reporter

Tax Administration Jamaica says it will be forgoing a little over $1 billion in revenues annually to facilitate a special income tax credit of $375,000 to entrepreneurs falling within the micro, small and medium-sized enterprises, or MSMEs. The...

Published:Friday | January 22, 2021 | 12:17 AMKarena Bennett - Business Reporter

A survey by the Statistical Institute of Jamaica, Statin, around COVID-19’s impact on households, conducted during the month of October, has found that 45.8 per cent of Jamaicans have had their incomes reinstated to levels before the coronavirus...

Published:Friday | January 15, 2021 | 12:16 AMKarena Bennett - Business Reporter

Beverage maker and distributor Wisynco Group Limited, which has close to $6 billion in cash resources, is thinking of buying back some its shares from the market to get the stock price trending up again. The stock is currently trading within the $...

Published:Friday | January 15, 2021 | 12:10 AMKarena Bennett - Business Reporter

Beverage maker Trade Winds Citrus Limited is converting from bunker oil to liquefied natural gas as fuel source for the company’s steam generator plant, or boiler, and has hired New Fortress Energy to supply the LNG. Eventually, Trade Winds aims to...

Published:Sunday | January 10, 2021 | 9:24 AMKarena Bennett - Business Reporter

With many pointing to the existence of great investment opportunities in the property sector brought about in part by the COVID-19 pandemic, real estate investment company Kingston Properties Limited, which trades as KPREIT, says it is looking to...

Published:Sunday | January 10, 2021 | 12:11 AMKarena Bennett - Business Reporter

Modelling agency and entertainment venue-turned-real estate-developer Pulse Investments Limited has paid up a $250 million debt to bondholders four years early from a funding source that the listed company is not yet disclosing and which is not...

Published:Friday | January 8, 2021 | 12:08 AMKarena Bennett - Business Reporter

Listed 138 Student Living Jamaica Limited, 138SL, which controls apartments meant for rental by students at The University of the West Indies’ Mona campus in St Andrew, expects a slow recovery from its COVID-19-induced revenue and profit fall-off,...

Published:Sunday | January 3, 2021 | 12:08 AMKarena Bennett - Business Reporter

It is expected that for the year just ended, there were more than the 134 million electronic retail payment transactions worth in excess of $4 billion, which the Bank of Jamaica, BOJ, recorded for 2019. Against this background, the central bank has...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Department store Ammar’s is forking out $90 million to give its three Corporate Area locations a facelift, while putting in a website as it plays catch-up to online shopping, which is fast becoming the main source for sales for a growing list of...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Jamaica’s standards authority, Bureau of Standard Jamaica (BSJ), in a partnership with the Bamboo Industry Association of Jamaica, appears close to setting up a facility in White Marl, St Catherine, from which the companies will carry out research...

Published:Sunday | December 20, 2020 | 12:16 AMKarena Bennett - Business Reporter

Security company Guardsman Group has formed a new company called iProtect through which it will distribute wireless security and home or office monitoring systems targeted at residential clients and business operators on a tight budget. Guardsman...

Published:Sunday | December 20, 2020 | 12:15 AMKarena Bennett - Business Reporter

CEAC Outsourcing Com­pany, a labour recruitment firm that added construction to its operations last year, has completed about 90 per cent of the building it is developing at the Kingston 876 commercial complex located at Ferry, Kingston. However,...

Pages

Subscribe to Karena Bennett - Business Reporter