Fri | Jan 21, 2022

Stories by Karena Bennett/Business Reporter

Published:Wednesday | January 12, 2022 | 12:07 AMKarena Bennett/Business Reporter

Exporters of Jamaica’s coffee, wine and chocolate exporters to China have managed to meet a December 31 application deadline to have their products sold within that market, but are still in the process of gauging the impact of the new hurdle on...

Published:Wednesday | December 22, 2021 | 12:11 AMKarena Bennett/Business Reporter

Larren Peart is making a second attempt at reacquiring 100 per cent share ownership in Bluedot, the data insight and intelligence company he launched six years ago. Peart first attempted to reacquire SSL Venture Capital Jamaica’s 50 per cent...

Published:Wednesday | December 15, 2021 | 12:07 AMKarena Bennett/Business Reporter

The operations, assets and liabilities of Mountain Peak Food Processors Limited, MPFP, have been transferred to parent company Salada Foods Jamaica, SALF. MPFP, which produced and owned the Roberts brand of vinegar, browning, canned beans and fruit...

Published:Wednesday | December 15, 2021 | 12:06 AMKarena Bennett/Business Reporter

Progressive Grocers of Jamaica Limited has pumped $800 million into its fourth shopping centre on Barbican Road in Kingston. The new mall, called Progressive Shopping Centre, was officially declared open for business on Tuesday, but already its...

Published:Wednesday | December 8, 2021 | 12:09 AMKarena Bennett/Business Reporter

After months of engaging with potential business partners to back the cash-strapped operation of Benlar Foods, the business has been declared insolvent, and its assets are up for sale for an estimated $18 million. The Office of Insolvency has...

Published:Wednesday | December 1, 2021 | 12:07 AMKarena Bennett/Business Reporter

Guardsman Armoured Limited, the security, logistics and cash management arm of the Guardsman Group, has rebranded to Beryllium Limited, as it repositions as a more serious player in the outsourcing and technology sectors. Beryllium will be offering...

Published:Wednesday | December 1, 2021 | 12:06 AMKarena Bennett/Business Reporter

Six years after an initial attempt by the Ministry of Agriculture and Fisheries to increase the gene bank of cattle and goats, it has again embarked on a three-year livestock genetic improvement programme, but this time with stricter measures to...

Published:Wednesday | November 24, 2021 | 12:08 AMKarena Bennett/Business Reporter

Diana Blake-Bennett, the former head of coffee processing company Salada Foods Jamaica, has been recruited to head Jamaican Teas’ manufacturing division. Blake-Bennett’s appointment as CEO, which took effect on November 15, sees her taking control...

Published:Wednesday | November 24, 2021 | 12:07 AMKarena Bennett/Business Reporter

Food and financial services group GraceKennedy Limited will engage investment bankers about the potential listing of its foods business, GraceKennedy Foods, on an international stock exchange next year. Refreshed talks around the listing of the...

Published:Wednesday | November 10, 2021 | 12:10 AMKarena Bennett/Business Reporter

Having contemplated the move for two years, beverage company Wisynco Group Limited has struck a deal for warehousing space in Trelawny that will serve as a hub for its distribution activity in western Jamaica, where nearly a third of the businesses...

Published:Wednesday | September 15, 2021 | 12:07 AMKarena Bennett/Business Reporter

ISP Finance Services has entered into an agreement that will see the microlender acquiring portions of the loan portfolio of an unnamed entity before year-end. The size of the portfolio to be acquired was not disclosed and efforts by the Financial...

Published:Wednesday | September 1, 2021 | 12:06 AMKarena Bennett/Business Reporter

Newport-Fersan, Jamaica’s sole manufacturer of fertiliser, is expecting next week to receive the results of a study it commissioned Market Research Services to undertake regarding the real impact of fertiliser prices on farming operations. There...

Published:Wednesday | August 25, 2021 | 12:06 AMKarena Bennett/Business Reporter

Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, is looking next to reshape its biscuit division, as the company reorganises to reclaim and grow market share. Jobs have both been lost and added, leaving Purity with a workforce...

Published:Wednesday | August 25, 2021 | 12:06 AMKarena Bennett/Business Reporter

Caribbean Assurance Brokers Limited, CAB, expects to see new insurance business coming its way from the regional market by January, from a partnership it recently struck with a London-based company with tentacles throughout the Caribbean. CAB,...

Published:Wednesday | August 18, 2021 | 12:05 AMKarena Bennett/Business Reporter

SSL Venture Capital Jamaica Limited, which controlled 50 per cent of data insight firm Bluedot Data Intelligence Limited for two years before agreeing to sell back its stake to founder Larren Peart, says it’s still to be fully compensated for the...

Published:Wednesday | August 4, 2021 | 12:10 AMKarena Bennett/Business Reporter

Lasco Manufacturing Limited, LASM, is on the hunt for acquisitions or may be looking to strike strategic partnerships over the coming months under a refreshed plan by the company to grow earnings. After a decade focused on plant expansion and...

Published:Wednesday | July 28, 2021 | 12:06 AMKarena Bennett/Business Reporter

Pharma distributor Medical Disposables and Supplies Limited, MDS, which is hunting market share in the home remedy and flavourings market segment, has struck a deal with P.A. Benjamin Manufacturing Company Limited as exclusive distributor of the...

Published:Wednesday | July 21, 2021 | 12:12 AMKarena Bennett/Business Reporter

GK Insurance has come to market with a crop and livelihood insurance product from which it hopes to get new business from 2,000 registered farmers and fisherfolk this year. GK Weather Protect, which was launched on Tuesday, is an upgrade on...

Published:Wednesday | July 14, 2021 | 12:09 AMKarena Bennett/Business Reporter

A new report that was jointly undertaken by the Ministry of Agriculture...

Published:Wednesday | July 7, 2021 | 12:06 AMKarena Bennett/Business Reporter

The Paint Shop, a specialist in mixed paints and distributor of foreign brands, has relocated to a larger, newly built complex at Upper Waterloo Road in Kingston, which will operate as a superstore as the company positions to go after more market...

Published:Wednesday | June 30, 2021 | 12:09 AMKarena Bennett/Business Reporter

Sagicor Group Jamaica is moving ahead with plans for the development of a residential complex on 11 acres of land that sits adjacent to its newly built commercial complex in Mineral Heights, Clarendon. The financial conglomerate, which operates a...

Published:Wednesday | June 30, 2021 | 12:08 AMKarena Bennett/Business Reporter

Model Agricultural Production Limited, MAP, which grow crops for local and overseas consumption on leased land in Innswood, St Catherine, is projected to double the national onion yield from new methodologies used on its farms. But it is still not...

Published:Wednesday | June 16, 2021 | 12:07 AMKarena Bennett/Business Reporter

The pandemic has led to plummeting sales for drink products aimed at bargain consumers, and may very well have been the last straw that drove Spike Industries into closing down the bag-drink manufacturing division of its beverage business. The...

Published:Wednesday | June 9, 2021 | 12:06 AMKarena Bennett/Business Reporter

Marcus James, founder of microfinancing company Access Financial Services Limited, AFS, has assumed the role of executive chairman, while his prior job as CEO goes to Frederick Williams. The changes, which took effect on June 3, sees James...

Published:Wednesday | June 9, 2021 | 12:05 AMKarena Bennett/Business Reporter

Lasco, which trades in food items and other consumer goods, says consumers should brace for price increases over the coming months, but like one of its largest competitors, Grace Foods, adds that it’s trying to keep price hikes at a minimum by...

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