Tue | Nov 30, 2021

Stories by Karena Bennett - Business Reporter

Published:Friday | May 1, 2020 | 12:00 AMKarena Bennett - Business Reporter

T HE MINISTRY of Industry, Commerce, Agriculture...

Published:Sunday | April 26, 2020 | 12:08 AMKarena Bennett - Business Reporter

Larren Peart, founder and CEO of Bluedot Data Intelligence Limited, has reacquired SSL Venture Capital Limited’s 50 per cent shareholdings in his company. The transaction, which took six weeks to ­negotiate, comes at a time when COVID-19...

Published:Friday | April 24, 2020 | 12:00 AMKarena Bennett - Business Reporter

GENERAL ACCIDENT Insurance Company is about to enter a third regional market, for which it secured a licence this month, but the Musson-controlled outfit is keeping watch on the COVID-19 pandemic to determine when to launch operations. Six months...

Published:Thursday | April 23, 2020 | 5:37 PMKarena Bennett - Business Reporter

Financial institutions across St Catherine reopen their doors to the public on Friday, but have warned that clients may experience delays in accessing in-branch, ABM and even call-centre services. Business reopened in the parish on Wednesday, but...

Published:Friday | April 17, 2020 | 12:14 AMKarena Bennett - Business Reporter

MONTHS BEFORE Jamaica confirmed its first case of the new coronavirus, the country of 2.8 million people was already showing signs of a slowdown in economic performance, according to data released by the Statistical Institute of Jamaica, Statin,...

Published:Sunday | April 12, 2020 | 12:17 AMKarena Bennett - Business Reporter

Kevin Frith, the man who founded Bar Central in 2013, is going into a new line of business. He continues to hold a one-quarter stake in Bar Central, a marketing and distribution company for liquor and drinks, but has ceased being its CEO since the...

Published:Sunday | March 29, 2020 | 12:26 AMKarena Bennett - Business Reporter

Pulse Investments Limited has waived April’s rent payments for its 46 commercial tenants who are feeling the effects of the economic slowdown caused by the coronavirus, COVID-19. The waiver, in addition to the temporary closure of Pulse Rooms in...

Published:Sunday | March 22, 2020 | 12:30 AMKarena Bennett - Business Reporter

A foreign developer has struck a deal with Dolphin Cove Limited to acquire a 23-acre property that it owns, and which houses one of its ­marine parks in Hanover, under a lease-to-purchase arrangement. The foreign company is expected to develop a...

Published:Sunday | March 15, 2020 | 12:26 AMKarena Bennett - Business Reporter

Fresh supply of hand sanitisers and paper towels are expected to hit the market this week, products that have been tweaked for just-that-added layer of protection against the coronavirus. At least two of Jamaica’s entrepreneurs began working on...

Published:Friday | March 13, 2020 | 12:25 AMKarena Bennett - Business Reporter

It’s a boutique firm in the middle of a reorganisation to address its vulnerabilities. So, it wasn’t surprising that Stocks...

Published:Sunday | March 8, 2020 | 12:00 AMKarena Bennett - Business Reporter

GraceKennedy expects to take control of Key Insurance this week after closing a cash offer for the general insurer on March 2. The level of subscriptions was not disclosed, but it’s clear the conglomerate achieved sufficient take-up of its $2.01...

Published:Friday | March 6, 2020 | 12:24 AMKarena Bennett - Business Reporter

GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...

Published:Friday | March 6, 2020 | 12:18 AMKarena Bennett - Business Reporter

Just as reports are indicating that China, the epicentre of the coronavirus, is seeing improvements in cases, the United States, which is Jamaica’s largest trading partner, is reporting rising fatalities and the possibility of more cases. But two...

Published:Sunday | March 1, 2020 | 12:13 AMKarena Bennett - Business Reporter

Floyd Green, the Minister of State for industry, commerce and agriculture, expects the tabling of regulations around the commercial export of cannabis in Parliament to happen by late April. The first draft of export regulations for the commercial...

Published:Sunday | March 1, 2020 | 12:11 AMKarena Bennett - Business Reporter

Tropical Battery hopes to open the doors to its new home in Ferry, Kingston during the first two weeks of March, after about a year constructing the facility at cost of $60 million. Its also a step closer to approaching the market for equity...

Published:Sunday | February 23, 2020 | 12:21 AMKarena Bennett - Business Reporter

Medical Disposables...

Published:Friday | February 21, 2020 | 12:30 AMKarena Bennett - Business Reporter

AMG Packaging...

Published:Friday | February 21, 2020 | 12:16 AMKarena Bennett - Business Reporter

Garfield Coke and his wife, Dawnet Coke have struck out on their own as brokers, through a new company called Exodus Insurance. The couple has pumped $30 million into the venture, Garfield said in an interview on Wednesday. The company operates...

Published:Wednesday | February 19, 2020 | 12:00 AMKarena Bennett - Business Reporter

Pulse shareholders on Tuesday approved the creation of an additional 5.55 billion shares in the modelling and hospitality company. That will take its authorised capital to 7.5 billion shares and sets the stage for Pulse Investments Limited to...

Published:Sunday | February 16, 2020 | 12:29 AMKarena Bennett - Business Reporter

Everything Fresh Limited, EFresh, has scrapped the production of pork and its by-products at its newly acquired business, Meats Experts, citing negative returns from the slaughtering of pigs. EFresh, which has been in the business of food...

Published:Sunday | February 16, 2020 | 12:18 AMKarena Bennett - Business Reporter

Insurance Company of the West Indies, ICWI, is planning its launch in a 10th market later this year. ICWI officially opened its ninth office in Dominica last month after the acquisition of the booker business of general insurance company First...

Published:Sunday | February 9, 2020 | 12:32 AMKarena Bennett - Business Reporter

Medical marijuana company, Jacana, on Thursday opened the first of at least two cannabis stores it’s planning for Jamaica this year. Two years ago, Jacana began cultivating the cannabis plant from a 100-acre farm in St Ann, and today values its...

Published:Sunday | February 9, 2020 | 12:15 AMKarena Bennett - Business Reporter

The owners of Future Energy Source Company, which trades as Fesco, have laid out a busy year for capital projects, which will culminate with them going to the market for equity financing. If Fesco follows through, it will become the first fuel...

Published:Sunday | February 2, 2020 | 12:15 AMKarena Bennett - Business Reporter

An estimated 5,031 new housing developments are expected for the parish of St Catherine over the next two years in response to increasing demand for affordable residential units. The developments, which will come from both private developers and...

Published:Sunday | January 26, 2020 | 12:31 AMKarena Bennett - Business Reporter

Minute Rentals, a business which holds itself as the only hourly car rental company in Jamaica, will use the $300,000 it earned as winner of the JSE Pitch Room towards the development of a real-time customer relations management system. The Pitch...

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