Sun | Dec 5, 2021

Stories by Karena Bennett - Business Reporter

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...

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

W eighed down by the lagging effects of its sugar misadventure, manufacturing and distribution company Seprod Limited experienced a narrow one per cent dip in quarterly profit in the second quarter. But it is the unyielding supply chain...

Published:Sunday | July 25, 2021 | 12:06 AMKarena Bennett - Business Reporter

Newly elected president of the Jamaica Manufacturers and Exporters Association John Mahfood has set himself a goal of increasing the quantity of goods that manufacturers – particularly those producing on a smaller scale – sell to Caribbean markets...

Published:Sunday | July 18, 2021 | 1:15 AMKarena Bennett - Business Reporter

The Inter-American Develop­ment Bank is backing an initiative to bring creative ventures out of the shadows through its innovation unit, IDB Lab, which is working alongside Kingston Creative Limited and two government agencies on a registration...

Published:Friday | July 16, 2021 | 12:07 AMKarena Bennett - Business Reporter

Jamaica Broilers Group Limited, JBG, grew yearly earnings by 76 per cent to $2.4 billion, sufficient to recover the ground lost in 2020 during the pandemic, but the leading poultry producer’s profit performance was flat relative to 2019. Revenue...

Published:Sunday | July 11, 2021 | 12:06 AMKarena Bennett - Business Reporter

The corrugated box industry has seen a significant turnaround in business after the initial shock of the pandemic, but now they face a new dilemma: the world’s paper mills are not churning out paper fast enough. Demand, partly driven by the upswing...

Published:Friday | July 9, 2021 | 12:09 AMKarena Bennett - Business Reporter

Electricity distributor Jamaica Public Service Company, JPS, says it has enough power to charge the estimated 50,000 electric vehicles that is projected to be in use in Jamaica by 2030, but can only do so effectively if EV owners confine the...

Published:Sunday | July 4, 2021 | 12:08 AMKarena Bennett - Business Reporter

Digital payments are not new to Jamaica, and digital gifting, or the sending of gift cards electronically, has already been pioneered, though it is still in its infancy. Online payment for entry to parties and other events has not been commonplace...

Published:Sunday | July 4, 2021 | 12:06 AMKarena Bennett - Business Reporter

Advertising and production company Limners and Bards Limited, which trades as The LAB, has restructured its business for fresh flows of revenue from the build-out of a new content creation department to drive revenues and has streamlined its...

Published:Sunday | June 27, 2021 | 12:06 AMKarena Bennett - Business Reporter

Last December, for the first time in a decade of data collated by the Bank of Jamaica, BOJ, remittance inflows to Jamaica topped US$300 million in one month. Then in March, a new record was set, with US$327.5 million of inflows, continuing the...

Published:Friday | June 25, 2021 | 12:12 AMKarena Bennett - Business Reporter

The Jamaica Stock Exchange, JSE, is adding green bonds to its trading platform, but the first listing is at least a year away. JSE Group is working with the Green Climate Fund, GCF, to develop green bond listing standards and guidelines; after...

Published:Friday | June 18, 2021 | 1:18 AMKarena Bennett - Business Reporter

Small lender ISP Finance Services is on the hunt for businesses that are complementary to its microfinance operation in an aggressive push to grow the company’s loan portfolio. Since its listing on the Jamaica Stock Exchange five years ago, ISP...

Published:Sunday | June 13, 2021 | 12:09 AMKarena Bennett - Business Reporter

Jamaica Dairy Development Board, JDDB, is anticipating growth in local milk production to 15.1 million litres by December and is banking on new market entrant Trade Winds Citrus Limited to assist in getting to the desired national target. The...

Published:Sunday | June 6, 2021 | 12:06 AMKarena Bennett - Business Reporter

CAC 2000 and Tropical Battery have forged an energy partnership under a joint venture called ENRVATE Limited that will trade in energy-saving solutions in Jamaica and the Caribbean. The company, which was incorporated at the end of April and became...

Published:Saturday | June 5, 2021 | 12:09 AMKarena Bennett - Business Reporter

Caribbean Foods Limited, CFL, has expanded the Foska product line beyond oats to include oat milk, which the Ramson family-owned company says it has outsourced to an overseas manufacturer to produce. CFL, the owner and manufacturer of the Foska...

Published:Sunday | May 30, 2021 | 12:10 AMKarena Bennett - Business Reporter

Various food and meat producers have announced price increases in recent weeks, but one of Jamaica’s largest manufacturers, Grace Foods, says it is exploring various means to minimise the pass-through of prices to consumers. Production costs have...

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