Wed | Dec 7, 2022

Stories by Karena Bennett - Business Reporter

Published:Sunday | March 13, 2022 | 12:06 AMKarena Bennett - Business Reporter

Business operators making early moves in the electric vehicle market are still analysing the concessions proposed by the Government this week, but their initial take is that the measures are counterproductive. The minister of finance announced a 20...

Published:Friday | March 11, 2022 | 12:09 AMKarena Bennett - Business Reporter

Food manufacturing giant GraceKennedy Limited is exploring how it can integrate more of its international manufacturing processes into its five Jamaican plants amid back-to-back catastrophic global events that continue to pressure its supply chains...

Published:Wednesday | March 2, 2022 | 12:07 AMKarena Bennett - Business Reporter

Soaring logistic prices and material shortages had manufacturing companies on their toes last year trying to keep production up and the pass through of the costs to consumers in check. This year there is a new worry. Local manufacturers are keeping...

Published:Sunday | February 20, 2022 | 12:08 AMKarena Bennett - Business Reporter

Evergo Jamaica is roughly half-way through phase one of its electric vehicle charging station buildout, with the latest installation located at the Texaco Ironshore gas station in Montego Bay. Another at the Jamaica Inn resort in Ocho Rios, St Ann...

Published:Sunday | February 13, 2022 | 12:06 AMKarena Bennett - Business Reporter

Courier company Mailpac Group Limited has for two consecutive quarters posted a decline in sales revenue, a performance that suggests the extraordinary growth experienced by the company throughout the pandemic might be slowly fading. Revenues for...

Published:Friday | February 11, 2022 | 12:07 AMKarena Bennett - Business Reporter

Lydford Logistics, the business that acquired meat-processing company Sweet River Abattoir in early 2020, spent the first year repairing strained relationships and rehabilitating its brand. Now Sweet River is back to doing business with 32 farmers...

Published:Friday | February 4, 2022 | 12:09 AMKarena Bennett - Business Reporter

Active Home Centre, a retailer of construction finishing materials and furniture, has opened a second retail store in Montego Bay. The expansion into another city comes nine years after Active Home Centre opened its flagship store at Constant...

Published:Friday | February 4, 2022 | 12:08 AMKarena Bennett - Business Reporter

Palace Amusement Company is banking on a reinvigorated cinema market as movie producers signal a shift in distribution that reprioritises theatrical releases. The Jamaican cinema company is preparing for more attractive movies over the months of...

Published:Friday | January 21, 2022 | 12:07 AMKarena Bennett - Business Reporter

T he Royal Jamaican ginger-flavoured beer is back in production after a three-year hiatus, and in its comeback the owners are aiming for markets both inside and outside Jamaica. Founders of RJ Rums and Spirits, Rick Anand and Peter Wong, have...

Published:Sunday | January 16, 2022 | 12:05 AMKarena Bennett - Business Reporter

Eppley Caribbean Property Fund is seeking properties suitable for business process outsourcing and hospitality businesses, further diversifying its commercial portfolio. Since its acquisition by Jamaican company Eppley Limited, more than three...

Published:Sunday | January 9, 2022 | 12:06 AMKarena Bennett - Business Reporter

Scotiabank Jamaica has set aside $3 billion as loan financing for women entrepreneurs in a refreshed plan to address what the bank says is the under-representation of women in the business world. The lending programme – dubbed Scotiabank’s Women...

Published:Friday | January 7, 2022 | 12:08 AMKarena Bennett - Business Reporter

SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, has offloaded its remaining 30 per cent interest in Bluedot Data Intelligence for US$99,000 to Larren Peart, ending a three-year investment in the data marketing company. At that...

Published:Friday | January 7, 2022 | 12:07 AMKarena Bennett - Business Reporter

Exports of Jamaica’s St Julian and East Indian mangoes are expected to double in quantity for the 2022 crop, as more exporters answer the call from the Ministry of Agriculture to fill the growing demand for the luscious fruit in international...

Published:Sunday | January 2, 2022 | 12:09 AMKarena Bennett - Business Reporter

Student housing developer and operator 138 Student Living Jamaica, 138SL has agreed new terms with the University of the West Indies, Mona, details of which will be published in the company’s upcoming annual report. After months of negotiations,...

Published:Friday | December 31, 2021 | 12:08 AMKarena Bennett - Business Reporter

Courtney Walsh Drive, a road in Kingston historically known as an event and entertainment zone, is becoming attractive to the developers of commercial real estate targeted at the outsourcing market. The latest development being marketed for lease...

Published:Sunday | December 26, 2021 | 12:09 AMKarena Bennett - Business Reporter

A timeline for passage of two companion pieces of legislation – the Credit Union (Special Provisions) Bill and an amended Co-operative Societies Act – that will allow the Bank of Jamaica, BOJ, to commence the licensing process for credit unions has...

Published:Friday | December 24, 2021 | 9:11 AMKarena Bennett - Business Reporter

A mid rising inflation and more costly imports, a concurrent increase in the price of goods is partly being blamed for a slowdown in retail sales just days before Christmas, but there’s optimism among business owners that sales might begin to...

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

Local cannabis company Pure Jamaican Limited has acquired the production and cultivation assets of another cannabis business, Timeless Herbal Care, putting it a step closer to achieving its ambition of becoming the largest supplier of...

Published:Sunday | December 19, 2021 | 12:08 AMKarena Bennett - Business Reporter

Consumers heading to the market this week should find themselves saving a few hundred dollars on the purchase of fruits and vegetables, largely as a result of an increase in the supply of produce across the island. The availability of more goods...

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

It’s the festive season, and retailers, financial institutions, and car dealers are looking to woo consumers with cost-saving deals and gift packages. But this year, some companies are digging deeper, and have come up with offerings more attractive...

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

The National Housing Trust has published the names of 80 shortlisted applicants for the controversial Ruthven Towers apartment complex in New Kingston, 13 of whom are individuals between the ages of 25 and 35 years. Another eight are applicants who...

Published:Saturday | December 11, 2021 | 12:07 AMKarena Bennett - Business Reporter

Lasco Financial Services Limited struck a deal with Alliance Payment Services Limited in 2019 to launch a co-branded ePay MasterCard, through Lasco Pay, that would allow for cashless transactions with its remittance business unit. But the deal...

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

Buoyed by the oversubscription for its Bessa resort vacation units, real estate and entertainment company KLE Group is on the hunt for a second development property in St Mary. KLE Chairman David Shirley said Thursday that the company has already...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

Tropical Battery Company Limited will embark on a recycling programme for degraded electric vehicle and solar batteries in the first quarter of 2022, an initiative that Managing Director Alexander Melville deems as both financially viable and...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

JMMB Group Limited is setting up an alternative payments division through which it will expand remittance and banking services. It is awaiting regulatory approval from the Bank of Jamaica for the roll-out of several payment solutions and services...

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