Sun | Oct 2, 2022

Stories by Karena Bennett/Business Reporter

Published:Tuesday | September 6, 2022 | 12:11 AMKarena Bennett/Business Reporter

Nearly 40 per cent of 3,000 acres of prime farmlands in Innswood, St Catherine, that are at the centre of a firestorm over planned construction of homes by investors led by Michael Lee-Chin had already been rezoned for housing three years ago,...

Published:Wednesday | August 31, 2022 | 12:08 AMKarena Bennett/Business Reporter

Some 20 micro, small and medium-sized manufacturers will next month participate in a training and development workshop led by Amazon strategist OnPointe Consultants, an exercise that organiser the Jamaica Manufacturers and Exporters Association...

Published:Wednesday | August 17, 2022 | 12:09 AMKarena Bennett/Business Reporter

Construction materials company Arc Manufacturing Limited is adding five times more retail space for customers looking to purchase items for home improvement projects. The upgrade, aimed at improving retail consumers’ overall shopping experience,...

Published:Wednesday | July 27, 2022 | 12:05 AMKarena Bennett/Business Reporter

Everything Fresh Jamaica has terminated short-term lease arrangements for its cold storage and dry goods warehouse spaces, in anticipation of the need to store more inventory items as business in the tourism sector comes roaring back. The company,...

Published:Wednesday | July 6, 2022 | 12:07 AMKarena Bennett/Business Reporter

Telehealth service provider MDLink has acquired private medical lab Fleet Diagnostic Laboratory Limited in a move expected to bring the company closer to its goal of creating an ecosystem around online healthcare. The next target for the company...

Published:Wednesday | June 29, 2022 | 12:09 AMKarena Bennett/Business Reporter

Ice cream maker Caribbean Cream Limited, which trades as Kremi, for the first time slipped into the red for its financial year ended February 2022, recording net losses of $9.2 million. The company, which at the onset of the pandemic found itself...

Published:Wednesday | June 22, 2022 | 12:08 AMKarena Bennett/Business Reporter

Days after online investors and traders took to Twitter to complain about a glitch that denied access to JTrader Pro, the Jamaica Stock Exchange says improvements are coming for the stock trading platform it first launched six years ago, but no...

Published:Wednesday | June 15, 2022 | 12:07 AMKarena Bennett/Business Reporter

Victoria Mutual Building Society, a mortgage bank with various non-banking companies under its wings, has received board approval and a nod from the Bank of Jamaica to restructure the group – a move that will strip VMBS of its rank and obligations...

Published:Wednesday | June 15, 2022 | 12:07 AMKarena Bennett/Business Reporter

Zachary Harding, who led the reorganisation of SSL Group into a leaner operation, is leaving the company to focus his energies on Delta Capital Partners Limited in which he is a shareholder. One of his immediate priorities is raising capital for a...

Published:Wednesday | June 1, 2022 | 12:09 AMKarena Bennett/Business Reporter

Micro-Financing Solutions Limited, the new owner of SSL Venture Capital Jamaica Limited, SSLVC, will meet at the board level to discuss the operational direction of the shell company it acquired for $30 million. The discussions are pointing to a...

Published:Wednesday | May 25, 2022 | 12:09 AMKarena Bennett/Business Reporter

More than a year has elapsed since the Jamaica National Group applied for a banking licence in the Cayman Islands, but it’s hopeful of landing the permit by the advent of summer. Cayman Islands would become the third commercial banking market for...

Published:Wednesday | May 4, 2022 | 12:06 AMKarena Bennett/Business Reporter

Ainsworth and Addia Brown’s journey to towards for agriculture and agro-processing all started with the neighbour’s unleashed dog. The five weeks they spent feeding and caring for 2,000 chickens that they intended to sell to one of the island’s...

Published:Wednesday | March 2, 2022 | 12:08 AMKarena Bennett/Business Reporter

The majority of businesses participating in the Jamaica Productivity Centre, JPC, surveys on alternative work arrangements consider the impact of work-from-home or WFH arrangements on productivity as either somewhat or very effective, but only a...

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...

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