Fri | Oct 22, 2021

Stories by Karena Bennett - Business Reporter

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,...

Published:Saturday | August 28, 2021 | 12:07 AMKarena Bennett - Business Reporter

Miracle Corporation, a business that started out in 1973 as a distributor of locally made clothing brands, has grown to 50 brands in nearly half a century but has left behind the garment market, having staged its exit when it had grown heavy with...

Published:Saturday | August 28, 2021 | 12:05 AMKarena Bennett - Business Reporter

Three medium-sized companies – Bare Nutrition Limited, Intermed Company, and Sherwood Forest Coffee Company – have got backing from the Development Bank of Jamaica, DBJ, to expand their businesses, locally and regionally. The $37 million grant...

Published:Friday | August 27, 2021 | 12:09 AMKarena Bennett - Business Reporter

Jamaica Broilers Group Limited says its operations in Haiti might take a bit longer to return to normality than initially anticipated, following back-to-back tragedies that have given rise to a month-long state of emergency. The country of 11.5...

Published:Saturday | August 21, 2021 | 12:07 AMKarena Bennett - Business Reporter

The Banana Board is in talks with an unnamed Canadian company that it hopes to supply with vacuum-packed, peeled green bananas for redistribution in the Canadian retail market. The discussions are ongoing, but the Banana Board, a state agency that...

Published:Friday | August 20, 2021 | 12:10 AMKarena Bennett - Business Reporter

The cruise market is reopening again for Jamaica, bringing with it the prospect of new business from a flow of foreign visitors for the Dolphin Cove marine park. Five of Dolphin Cove’s sites are now open for business, while the sixth – Dolphin...

Published:Sunday | August 15, 2021 | 12:07 AMKarena Bennett - Business Reporter

Jamaican Olympian sprinter Usain Bolt is investing in another real estate development at 30 Hope Road in Kingston that is to become a business process outsourcing centre. The property, encompassing 60,000 square feet of land, has been sitting idly...

Published:Sunday | August 8, 2021 | 12:06 AMKarena Bennett - Business Reporter

Lakes Pen Agri-Ventures expects to start reaping vegetables by November, as the multibillion-dollar enterprise that businessman Gassan Azan and his partners are building continues to take shape. Around half of the crops is to be supplied to...

Published:Sunday | August 1, 2021 | 1:33 AMKarena Bennett - Business Reporter

Berger Paints Jamaica Limited is banking on its Boldly Berger campaign to claw back revenue lost to the pandemic, by targeting hospitality businesses that are refurbishing their plants and household spruce-up projects during the peak season for...

Published:Friday | July 30, 2021 | 12:10 AMKarena Bennett - Business Reporter

Food distributor Everything Fresh Limited, EFresh, has exited the business of animal slaughter and processing of meats after more than two years of negative returns from subsidiary Meat Experts. The company is back to focusing resources on its...

Published:Friday | July 30, 2021 | 12:09 AMKarena Bennett - Business Reporter

Pure National Limited, PNL, the joint venture company formed from the merger of Pure National Ice, Kingston Ice and Happy Ice, says it has poured $120 million into technology and infrastructure to grow the business, adding to the investment...

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