Sun | Nov 27, 2022

Stories by Neville Graham - Business Reporter

Published:Friday | November 18, 2022 | 5:50 AMNeville Graham - Business Reporter

Lasco Manufacturing Limited has reactivated its stalled expansion programme at White Marl, St Catherine. Chairman of the Lasco group of companies, Lascelles Chin, said the project was in the works from three years ago but was delayed by the COVID-...

Published:Friday | November 11, 2022 | 6:15 AMNeville Graham - Business Reporter

The installation of two new beverage lines by Wisynco Group Limited will boost production by at least 35 per cent, according to Chairman William Mahfood. The drinks manufacturer plans to increase its capacity to meet the growing demand in local and...

Published:Friday | November 11, 2022 | 6:15 AMNeville Graham - Business Reporter

Stationery and Offices Supplies Limited, SOS, will be expanding into new markets beginning the first quarter of 2023, and is currently working on distribution arrangements within the Caribbean towards that end. It’s also looking to add to its line...

Published:Sunday | November 6, 2022 | 12:08 AMNeville Graham - Business Reporter

For the past six months, Wilson Beck LPG Limited has been quietly staking a claim in Jamaica’s liquid petroleum gas or cooking gas market. The company operates from lands that house the shuttered Bernard Lodge sugar factory, where it has set up an...

Published:Friday | November 4, 2022 | 12:08 AMNeville Graham - Business Reporter

Used car dealer Jetcon Corporation has added a new business line, which takes it outside the auto market for the first time in three decades of operation, amid moves to restore sales revenue to prepandemic levels. The car company has ventured into...

Published:Sunday | October 30, 2022 | 12:08 AMNeville Graham - Business Reporter

tTech CEO Christopher Reckord is exploring his options with an eye on either a Caribbean or global move. This, as he announced that after nearly a decade of association with tTech, and over four years as its leader, he will be moving on. Reckord...

Published:Sunday | October 30, 2022 | 12:07 AMNeville Graham - Business Reporter

Michael Lee-Chin Jr has ventured into an online business that offers loans to the unbanked and others facing challenges in accessing credit. Lee-Chin Jr, the son of investor and bank owner Michael Lee-Chin, has joined forces with banking and...

Published:Friday | October 28, 2022 | 12:09 AMNeville Graham - Business Reporter

Y aadman Petroleum is set to enter the fiercely competitive service station market in the Corporate Area, opening a new service station at the Pechon Street and Water Lane intersection in downtown Kingston as part of plans to spend more than...

Published:Sunday | September 25, 2022 | 12:08 AMNeville Graham - Business Reporter

COK Sodality Cooperative Credit Union has signed an agreement with Northern Caribbean University to set up a branch on its Mandeville campus that will not only offer financial services to staff and students, but will also facilitate NCU’s work-...

Published:Friday | September 16, 2022 | 12:08 AMNeville Graham - Business Reporter

Anticipating an inflection point and the likely takeoff in electric vehicle sales, General Accident Insurance Company, GENAC, is taking first-mover position in the Jamaican market with special coverage. This after scoring success as a new player...

Published:Sunday | September 4, 2022 | 12:07 AMNeville Graham - Business Reporter

Buffeted by inflation and higher loan costs, car buyers are moving away from sport utility vehicles (SUVs) and even mid-level sedans to cheaper models. However, the lower sale prices and higher costs incurred to supply these cheaper cars are...

Published:Sunday | September 4, 2022 | 12:06 AMNeville Graham - Business Reporter

A consortium that is said to include three of Jamaica’s leading investment houses – JMMB, Barita, and Sygnus – as well as three directors of the Jamaican bunkering outfit that initially claimed it bought the company, says it is on the hunt for US...

Published:Sunday | August 28, 2022 | 12:06 AMNeville Graham - Business Reporter

Audrey Hinchcliffe’s Manpower Group wants to start awarding first degrees by 2026. The cleaning and maintenance company’s training arm, the Institute for Worker Education and Development, IWED, is now recognised as a higher-education institution....

Published:Friday | August 26, 2022 | 12:12 AMNeville Graham - Business Reporter

Amber Aviation, a new subsidiary of the Amber Group, is set to take to the Jamaican skies by January with a fleet of six aircraft that will be utilised for air tours targeted at tourists. But it’s still awaiting the final issue of its permit by the...

Published:Friday | August 12, 2022 | 9:50 AMNeville Graham - Business Reporter

Dolla Financial Services Limited is launching a bid to acquire rival microlender Access Financial Services. Dolla Financial CEO Kadeen Mairs has written to Access' board of directors saying they are "interested in exploring a take-over to acquire...

Published:Friday | August 5, 2022 | 12:09 AMNeville Graham - Business Reporter

Riding on the back of a fourfold rise in revenue, First Rock Real Estate Investment Limited, FREI, reported its best quarter since going public as a start-up. At US$2.42 million, or 0.8 cent per share, the real estate investment company’s earnings...

Published:Wednesday | May 4, 2022 | 1:13 PMNeville Graham - Business Reporter

Seprod Limited is moving to acquire a 100 year-old Trinidad...

Published:Sunday | April 3, 2022 | 12:07 AMNeville Graham - Business Reporter

Listed Jamaican conglomerate GraceKennedy Limited, which runs a global business across several sectors, says it has cut ties with its dealer in Russia through which is did business in that country, in keeping with worldwide sanctions against the...

Published:Friday | November 12, 2021 | 12:10 AMNeville Graham - Business Reporter

T he Private Sector Vaccine Initiative, PSVI, has administered more than 33,000 COVID-19 vaccinations in three months, but those numbers represent just over a half the level that corporate Jamaica had hoped to achieve. In fact, the low take-up of...

Published:Sunday | November 7, 2021 | 12:07 AMNeville Graham - Business Reporter

Within three years, renewable energy company Wigton Windfarm Limited will be replacing equipment that will become obsolete, a project that should ease the amounts spent on maintenance of the turbines it operates in central Jamaica and produce...

Published:Sunday | November 7, 2021 | 12:05 AMNeville Graham - Business Reporter

After a year of operation, Stratus Alternative Funds, an investment vehicle created and managed by NCB Capital Markets, is looking to expand its portfolio through the addition of a new layer to its most recent product, which provides financing for...

Published:Friday | November 5, 2021 | 12:08 AMNeville Graham - Business Reporter

Victoria Mutual, whose core business is mortgage lending, has rebranded officially as VM Group in the midst of a five-year transformation programme to recognise the diversity of services the financial house now provides. The change comes at VM’s...

Published:Saturday | October 16, 2021 | 12:08 AMNeville Graham - Business Reporter

Blue Power Group Limited is expanding its capacity with the purchase of an additional production line from Kirk-FP Limited, a member of the Cari-Med Group, which is exiting the manufacturing of soaps to concentrate solely on distribution. The deal...

Published:Saturday | October 16, 2021 | 12:06 AMNeville Graham - Business Reporter

Health insurance premiums are expected to increase as a perfect storm of events converge to push up costs. Insurance industry leaders say that they have been holding back on upward revisions since the start of the COVID-19 pandemic, opting instead...

Published:Saturday | October 9, 2021 | 12:05 AMNeville Graham - Business Reporter

Banking on new drinks distribution contracts, Rerum Trading is looking to break through a $1 billion in sales by next year, CEO Omar Newell has said. The company formed two years ago now has a three-year deal with Trinidadian manufacturer SM Jaleel...

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