Sat | Oct 1, 2022

Stories by Karena Bennett - Business Reporter

Published:Sunday | September 18, 2022 | 12:08 AMKarena Bennett - Business Reporter

State agency Agro-Investment Corporation, AIC, is on the hunt for investors or farmers to plough lands spanning 586 acres in Unity, St Mary, the lease proceeds from which are expected to flow to property owner National Housing Trust. The AIC on...

Published:Sunday | September 18, 2022 | 12:06 AMKarena Bennett - Business Reporter

Microfinance company Dolla Financial has partnered with Innovative Systems on a financial agreement that will allow the tech product retailer’s customers looking to make purchases on credit. The deal marks the second financing arrangement that...

Published:Thursday | September 15, 2022 | 5:35 PMKarena Bennett - Business Reporter

President of the Jamaica Chamber of Commerce (JCC) Ian Neita has sounded alarm over the backlog of cargo ships at the island's port, warning that if importers do not take action to clear goods immediately, it could mean trouble for...

Published:Sunday | September 11, 2022 | 12:05 AMKarena Bennett - Business Reporter

National Environment and Planning Agency, NEPA, has rejected an application for the expansion of a petrol station in Hanover that includes the buildout of a restaurant and other businesses on the property, painting its owner as a repeat rule...

Published:Friday | September 2, 2022 | 12:08 AMKarena Bennett - Business Reporter

Thousands more acres of arable land are set to make way for the continuing building boom, as lands in Innswood Village in St Catherine which were originally acquired for a major agricultural development by a group of investors headed by business...

Published:Friday | September 2, 2022 | 12:08 AMKarena Bennett - Business Reporter

Large manufacturing and distribution company Wisynco Group has reported earnings of $4 billion for its 2022 financial year, a 32 per cent profit boost over the previous year. Revenue from operations for the year ended June 30, 2022, was $39.1...

Published:Monday | August 15, 2022 | 8:25 AMKarena Bennett - Business Reporter

Sean Scott is leaving his job as CEO of Canopy Insurance to take on a new role as deputy CEO of the Wisynco Group Limited, another step in the succession planning of the multigenerational beverage and consumer products business. Scott has headed...

Published:Friday | August 12, 2022 | 9:41 AMKarena Bennett - Business Reporter

Construction materials company Arc Manufacturing Limited is converting one of the warehouses at its plant on Bell Road in Kingston into factory space prepares to venture into the manufacturing of steel hollow sections and metal pipes. The two new...

Published:Sunday | July 31, 2022 | 12:10 AMKarena Bennett - Business Reporter

The Jamaica Business Development Corporation, JBDC, has hand-picked 30 micro and small agro-processors for a new programme to test the efficacy of a model aimed at minimising common problems along the agro-processing value chain, which, if...

Published:Friday | July 29, 2022 | 12:10 AMKarena Bennett - Business Reporter

Work on the development of a secondary market for repossessed, movable assets is pressing ahead, the latest move being the engagement of an e-commerce development specialist to design the digital secondary market solution with features that allow...

Published:Friday | July 22, 2022 | 12:09 AMKarena Bennett - Business Reporter

Kraft Jewellers, a business that is majority owned by businessman Winston Mair and which occupies a storefront at Premier Plaza in Half-Way Tree, Kingston, is going out of business. The jewellery and small appliances store which was incorporated...

Published:Sunday | July 17, 2022 | 12:12 AMKarena Bennett - Business Reporter

Dane Nicholson, manager of special investigations in the Fraud Prevention Unit at National Commercial Bank Jamaica, NCB, wants financial institutions to pay greater attention to security features during the development of mobile wallets amid a rise...

Published:Friday | July 15, 2022 | 12:10 AMKarena Bennett - Business Reporter

Exploration of possible solutions to the ageing population crisis in the Caribbean is bending towards governments’ adopting a programme that slashes pension payouts into smaller weekly amounts, while simultaneously delaying payouts beyond the set...

Published:Sunday | July 3, 2022 | 12:08 AMKarena Bennett - Business Reporter

Fuel marketing business Petroleum Company of Jamaica Limited, Petcom, is restructuring. Earlier this month, the board appointed Mike Alexander Hylton as deputy executive chairman and another two or three board-level appointments are expected by the...

Published:Friday | July 1, 2022 | 12:08 AMKarena Bennett - Business Reporter

Flow Jamaica has decommissioned the service of Dekal Wireless, a network that was acquired by the company in 2014 to deepen its reach into rural Jamaica. The decommissioning, which took effect on Thursday, June 30, comes amid an ongoing expansion...

Published:Friday | July 1, 2022 | 12:07 AMKarena Bennett - Business Reporter

Newbie company Gastronomic Concepts is pumping $36 million into the buildout of a lounge branded as Republic, just a year after launching Japanese restaurant brand, Oceano. The company, which was formed in the midst of the COVID-19 pandemic, has...

Published:Sunday | June 26, 2022 | 12:09 AMKarena Bennett - Business Reporter

Microfinance company Dolla Financial Services has entered an agreement with energy solutions provider RTA Biz, a deal projected to bring about 700 additional clients to the microfinance company over the span of one year. The company, which is...

Published:Sunday | June 26, 2022 | 12:07 AMKarena Bennett - Business Reporter

Weeks after the Senate officially passed legislation to enable the full roll-out of Jamaica’s digital currency Jam-Dex as legal tender, another three banks have stated their intention to move swiftly on the launch of digital wallets to facilitate...

Published:Sunday | June 19, 2022 | 12:05 AMKarena Bennett - Business Reporter

VM Property Services Limited, VMPS, is going after a bigger slice of the residential property management market with the launch of a digital solution called Propman, a product that establishes the company as an early mover in the rollout of a fully...

Published:Friday | June 10, 2022 | 12:08 AMKarena Bennett - Business Reporter

Jamaica’s beekeeping community will get hands-on training from two American experts, who will also assist with technical assessments on the threat the aggressive and migratory Africanised honeybee poses for the local industry. Under the USAID...

Published:Tuesday | June 21, 2022 | 6:37 AMKarena Bennett - Business Reporter

In a move described as a last resort by a senior officer at National Commercial Bank Jamaica, NCB, the market leading bank will be increasing interest rates for some customers who are in the process of repaying borrowed funds. The borrowers to be...

Published:Sunday | June 5, 2022 | 12:07 AMKarena Bennett - Business Reporter

Management’s mindset tops the list of challenges in effectively implementing remote work arrangements locally, which requires an environment of trust. The issue, which came to the fore at a forum hosted by the Jamaica Productivity Centre, JPC, has...

Published:Sunday | June 5, 2022 | 12:05 AMKarena Bennett - Business Reporter

Lasco Distributors Limited, LASD, is creating a special team to craft a differentiated market strategy that is more agile and consumer-centric. The new unit being created under managing director John de Silva, just over a year after he was hired...

Published:Friday | May 27, 2022 | 12:59 AMKarena Bennett - Business Reporter

GraceKennedy Group wants a bigger presence in the Caribbean’s life insurance market, and is chasing yet another deal to grow the division. It’s now in eight countries but has set a target of up to 15 markets, and is in the process of acquiring...

Published:Friday | May 27, 2022 | 12:52 AMKarena Bennett - Business Reporter

Former parliamentarian Dr Fenton Ferguson is to undertake a real estate development in St Thomas, his first project in the residential housing market after losing his seat to Dr Michelle Charles in the 2020 general election. He will be constructing...

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