Sun | Sep 15, 2019

Stories by Avia Collinder/Business Reporter

Published:Wednesday | May 16, 2018 | 12:00 AMAvia Collinder/Business Reporter

CB Group is set to ramp up exports of chicken and pork to Caribbean markets following the green light from Council for Trade and Economic Development, COTED, in the wake of a risk assessment of producers in Caribbean countries, Jamaica among them....

Published:Wednesday | May 16, 2018 | 12:00 AMAvia Collinder/Business Reporter

Nestle Jamaica Limited, which claims a 43 per cent share of the local retail coffee market as of February, says it's considering hiking the price of its products, following a 1,200 per cent increase in duties related to a new import cess.The Swiss-...

Published:Wednesday | May 16, 2018 | 12:00 AMAvia Collinder/Business Reporter

Dr Devon Osbourne and Dr Karen Asher-Osbourne, owners of Portmore Hospital Complex Limited, figure that in six years they will reach break-even on their investments to expand the business and grow market share.Portmore Hospital, which is now...

Published:Wednesday | May 9, 2018 | 12:00 AMAvia Collinder/Business Reporter

With the announcement by Minister of Industry, Commerce, Agriculture...

Published:Wednesday | April 18, 2018 | 12:00 AMAvia Collinder/Business Reporter

Having pulled back from plans to dispose of the Seprod shares held by the Coconut Industry Board, under a new minister, the agency is now looking for buy-in for a $3-billion capital programme and is seeking private partners for various commercial...

Published:Wednesday | April 11, 2018 | 12:00 AMAvia Collinder/Business Reporter

The Companies Office of Jamaica is learning the hard way that the mandatory requirement that all companies identify their beneficial owners on their annual returns should have had a carveout for publicly listed companies.The stock of listed...

Published:Wednesday | April 11, 2018 | 12:00 AMAvia Collinder/Business Reporter

Finsac is seeking buyers for its 72 per cent stake in Ciboney Group, totalling more than 393 million shares, having written off most of the company's debt, and eliminated some of its deficits, using proceeds from the sale of its sole landholding....

Published:Wednesday | March 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

The Agro-Investment Corporation (Agro Invest), a business facilitation unit with the Ministry of Agriculture which handles several multi-acre agro-parks across the island, indicates that it is set to significantly increase acreage for farming in the...

Published:Wednesday | March 7, 2018 | 12:00 AMAvia Collinder/Business Reporter

Caribbean Producers Jamaica Limited (CPJ) quietly expanded its juice markets last year in Jamaica and the Caribbean after retooling its manufacturing lines at a cost of US$350,000.The company will spend another US$500,000 this year on further...

Published:Wednesday | February 28, 2018 | 12:00 AMAvia Collinder/Business Reporter

Despite the big appetite for initial public offerings, which heated up last year end, the Bank of Jamaica reports that performance of the stock market continued to soften, coming from its high in 2015 when the indices registered more than 90 per...

Published:Wednesday | February 28, 2018 | 12:00 AMAvia Collinder/Business Reporter

Chairman of Sagicor Group Jamaica Limited, Richard Byles, said the corporation will be holding on to its largest property, a 724-room Hilton DoubleTree (HDT) in Orlando, Florida, following the announcement of a deal in which the group is combining...

Published:Wednesday | February 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

The debt financing raised recently by modelling agency Pulse Investments Limited will be used only if needed, the modelling agency's chairman, Kingsley Cooper, said Tuesday.The agency shelved a rights issue that was planned for the final quarter of...

Published:Wednesday | February 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

GraceKenndey Limited and its regional partners want a bigger slice of Barbados' merchant banking sector, but the merger under consideration will be guided by a feasibility study that is under way.Signia Financial Group Inc of Barbados, in which...

Published:Wednesday | February 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

Jamaica Mortgage Bank (JMB) says a debt settlement with associated companies Ebony View Limited and YP Seaton & Associates Company Limited on a loan that backed a housing development in St Catherine would substantial reduce its non-performing loans or NPL portfolio...

Published:Wednesday | January 31, 2018 | 12:00 AMAvia Collinder/Business Reporter

Director of Customs Michelle Bryan says the Jamaica Customs Agency, JCA, is ironing out glitches in its ASYCUDA system and that car dealers and other importers who are complaining of delays in processing times would soon see improvements.The agency...

Published:Wednesday | January 31, 2018 | 12:00 AMAvia Collinder/Business Reporter

The Urban Development Corporation (UDC) has wrapped up a demand study for a new development and is now analysing the results to ascertain the level of interest in acquiring residences in downtown Kingston.At the same time, the UDC is looking for...

Published:Wednesday | January 24, 2018 | 12:00 AMAvia Collinder/Business Reporter

Microfinance lender Access Financial Services Limited (AFS), which made two acquisitions in the last two years, says that it will continue to buy up other operators as part of its growth strategy in 2018.Last November, the company also added another...

Published:Wednesday | January 17, 2018 | 12:00 AMAvia Collinder/Business Reporter

FosRich Company Limited has added energy financing to its business mix for customers purchasing renewable energy products, in partnership with microfinancing outfit Access Financial Services Limited.FosRich Managing Director Cecil Foster says the...

Published:Wednesday | January 17, 2018 | 12:00 AMAvia Collinder/Business Reporter

American company IBEX Global, a provider of contact centre services and other business process outsourcing solutions, will launch its new Caribbean and Central American headquarters later today in space secured at the Digicel Building on the...

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