Fri | Jul 3, 2020

Stories by Karena Bennett/Business Reporter

Published:Wednesday | July 1, 2020 | 12:09 AMKarena Bennett/Business Reporter

A recent hike in prices by Jamaica’s sugar producers and marketers has not found favour with the Sugar Industry Authority, SIA, which views the decision as tone-deaf, coming as it is in the middle of a pandemic and a slew of job losses. The 9.2 per...

Published:Wednesday | June 3, 2020 | 12:15 AMKarena Bennett/Business Reporter

Big poultry companies Jamaica Broilers Group and Caribbean Broilers say they are likely to still be holding record-high inventory of chickens for the next six months. That might have been good news in normal times for a country that favours poultry...

Published:Wednesday | May 20, 2020 | 12:29 AMKarena Bennett/Business Reporter

Red Stripe Jamaica and Pepsi Jamaica will be giving away 6,000 cases of beverages, a move that serves not only to give the sellers of liquor the stock to bring back life to their businesses, but also positions the brewery to ramp up sales as...

Published:Wednesday | May 20, 2020 | 12:28 AMKarena Bennett/Business Reporter

Hard hit by the slowdown in the economy, and with some in the sector facing bankruptcy, microlenders are seeking a lifeline from Government in the form of $8 billion of cheap credit. Blossom O’Meally-Nelson, chairman of the Jamaica Association for...

Published:Wednesday | April 29, 2020 | 12:18 AMKarena Bennett/Business Reporter

AFTER THREE years of trying to woo Cayman Islands with its line of cleaning agents, Pioneer Manufacturing Distribution Company sent off its second shipment of Chloro-Do bleach to that country on Monday, a trading window it said was opened up due,...

Published:Friday | April 17, 2020 | 12:20 AMKarena Bennett/Business Reporter

Jamaica’s employed labour force grew three per cent to 1,269,100 for the month of January, according to the latest data from the Statistical Institute of Jamaica (STATIN). The largest increase in employment was recorded in the occupation group ‘...

Published:Wednesday | April 15, 2020 | 12:28 AMKarena Bennett/Business Reporter

JMMB Fund Managers Limited, JMMBFM, has struck a deal with four-year-old company Wise Construction to develop luxury homes, marking its entry into the residential real estate market as a minority partner. The housing project is earmarked for a one-...

Published:Wednesday | April 1, 2020 | 12:26 AMKarena Bennett/Business Reporter

Courier company Mailpac has struck a new deal with long-time business partner PriceSmart Jamaica, through which the retailer’s shoppers can buy through its online platform and have their orders delivered nationwide. The arrangement between them is...

Published:Wednesday | March 25, 2020 | 12:21 AMKarena Bennett/Business Reporter

RETAILER PRICESMART on Monday received approvals from the National Environment...

Published:Wednesday | March 18, 2020 | 12:25 AMKarena Bennett/Business Reporter

The shortage of raw materials on the world market used to manufacture sanitation products has forced local manufacturer to slash its customer list for cleaning agents and limit sales to individuals. Such action is meant to address what is now...

Published:Wednesday | March 11, 2020 | 12:19 AMKarena Bennett/Business Reporter

KLE Group, operator of the Usain Bolt Tracks and Records restaurants, is looking to a mix of fresh capital and new partnerships to fuel its growth plans. The company is pushing ahead with plans to grow UBTR internationally, notwithstanding its...

Published:Wednesday | March 4, 2020 | 12:23 AMKarena Bennett/Business Reporter

GraceKennedy has hit and surpassed its revenue target of $100 billion, a goal that was initially aligned with its centenary. The company closed its 2019 financial year with a top-line gain of nearly six per cent across its financial and food...

Published:Wednesday | February 26, 2020 | 12:12 AMKarena Bennett/Business Reporter

Future Energy Source Company, Fesco, will need another two weeks to determine a new date for its initial public offering of shares on the stock market, says vice chairman Hugh Coore, a setback caused by a deadly weekend fire at one of the fuel...

Published:Wednesday | February 12, 2020 | 12:00 AMKarena Bennett/Business Reporter

The new owners of Sweet River Abattoir hope to turn around the loss-making operation through additions to the product range, meat outlets and new markets in the region. Sweet River, which has struggled to generate big revenues and and deliver...

Published:Wednesday | February 5, 2020 | 3:43 PMKarena Bennett/Business Reporter

Canadian company Green Stripe Naturals has pumped roughly US$1.5 million in the acquisition of a 49 per cent stake in local marijuana company Green Peak Growers and the build-out of a 20-acre cannabis farm in Toll Gate, Clarendon. Green Stripe,...

Published:Wednesday | February 5, 2020 | 12:19 AMKarena Bennett/Business Reporter

GraceKennedy Limited is exploring the ­expansion of the Hi-Lo supermarket chain through a mix of express stores and its traditional retail outlets. Group CEO Don Wehby told the Financial Gleaner that the company is currently in discussion with a...

Published:Wednesday | January 29, 2020 | 12:18 AMKarena Bennett/Business Reporter

Jamaica should see its first set of companies trading digital assets on the Jamaica Stock Exchange, JSE, by mid-year through a platform powered by partner company Blockstation. Four companies out of Australia, Canada and Trinidad...

Published:Wednesday | January 22, 2020 | 12:24 AMKarena Bennett/Business Reporter

For 10 years, Victor Chin worked at beverage company Shim’s on Orange Street in downtown Kingston, experience that would serve him well when he ventured into business by himself, with his own brand of beverages. With a loan of $120,000, four...

Published:Wednesday | January 22, 2020 | 12:14 AMKarena Bennett/Business Reporter

Baron Stewart, the owner of Stewart’s Hardware Limited, will use some $300 million or a third of the funds newly raised on the debt market to get the company ready for listing on the stock exchange in the first quarter of 2021. Victoria Mutual...

Published:Wednesday | January 15, 2020 | 12:22 AMKarena Bennett/Business Reporter

ICD Group Holdings Limited has acquired the remaining 50 per cent shareholding in sister companies Advantage Communications Inc, ACI, and ADV Communications Jamaica Limited, and now has full control of the business process...

Published:Wednesday | January 15, 2020 | 12:17 AMKarena Bennett/Business Reporter

Stredie Thompson, the newer owner of Journey’s End Wine Company, has already added two new flavours to the company’s portfolio of fruit wines and is on the brink of securing a 3,196,000-square-foot facility in Kingston to grow the business, a...

Published:Wednesday | December 18, 2019 | 12:00 AMKarena Bennett/Business Reporter

Dawkins Brown, the head of Dawgen Global, has acquired Mark Croskery’s 12 per cent stake in SSL Growth Equity Limited, or SSL Group, a holding company registered in Barbados for brokerage and investment firm Stocks...

Published:Wednesday | December 11, 2019 | 12:41 AMKarena Bennett/Business Reporter

Jampro president Diane Edwards is ­expecting the third cohort of companies selected for the Export Max programme to triple their export sales through their participation in the initiative. Export Max III, launched on Tuesday, will support 48...

Published:Wednesday | November 20, 2019 | 12:00 AMKarena Bennett/Business Reporter

Having consumed a meat company this year, Everything Fresh Limited is near ready to gobble up another target. The food distribution company, which trades as EFresh on the junior stock market, is eyeing a company that fits within its current line of...

Published:Wednesday | November 20, 2019 | 12:20 AMKarena Bennett/Business Reporter

It’s been three years since Sagicor Group Jamaica announced plans to develop a mix of residential and commercial units on a 21-acre site in Mineral Heights, Clarendon. The development, which was expected to materialise in late 2017, partially got...

Pages

Subscribe to Karena Bennett/Business Reporter