Fri | Mar 29, 2024

Stories by Neville Graham/Business Reporter

Published:Wednesday | February 21, 2024 | 12:12 AMNeville Graham/Business Reporter

The National Commercial Bank (NCB) Staff Association has triumphed in Jamaica’s final appellate court, the Privy Council. This comes as NCB lost its appeal in a long-running legal fight with workers seeking their share from the financial giant’s...

Published:Friday | February 16, 2024 | 12:12 AMNeville Graham/Business Reporter

The Government intends to spend $1.34 trillion for the financial year 2024-2025 to manage the country’s affairs. The figure, which was revealed as Finance Minister Dr Nigel Clarke tabled the Estimates of Expenditure in Parliament on Thursday, is $...

Published:Wednesday | February 14, 2024 | 12:09 AMNeville Graham/Business Reporter

RUM COMPANY J. Wray...

Published:Wednesday | February 7, 2024 | 12:08 AMNeville Graham/Business Reporter

It’s called the Royale Winchester Hospital Group and as Jamaica’s first group of companies solely dedicated to the health sector, the group is getting ready to approach the equities market at ‘the right time in 2024’. Chaired by Dequity Capital’s...

Published:Saturday | February 3, 2024 | 12:10 AMNeville Graham/Business Reporter

The battle lines are drawn as digital media company iCreate has vowed to take court action as it slapped down a deed of settlement, release and indemnity sent by Sagicor to its legal team. The proposed settlement, among other things, sought to...

Published:Wednesday | December 13, 2023 | 12:09 AMNeville Graham/Business Reporter

Popular jerk restaurant, The Jungle Fiah Buffet Restaurant Limited, says it will continue to do business from its four locations, as the outcome of a recent case brought against founder, Franklyn Mason Sr, has nothing to do with that business....

Published:Wednesday | December 6, 2023 | 12:10 AMNeville Graham/Business Reporter

Private equity investor Anthony Dunn and marketing and tourism aficionado Donovan White are now members of the board of junior market-listed company iCreate. Dunn is currently the chief investment officer of Delta Capital Partners Limited and will...

Published:Friday | September 29, 2023 | 12:10 AMNeville Graham/Business Reporter

The process of ‘delayering’ and ‘reset’ at Jamaica’s largest bank, the National Commercial (NCB), is well under way as two more top executives under the NCB Group have departed. Steven Gooden, chief executive officer of NCB Capital Markets, and...

Published:Wednesday | July 19, 2023 | 12:06 AMNeville Graham/Business Reporter

Patrick Hylton and Dennis Cohen say they are ready to negotiate suitable packages in the aftermath of their separation from the two top posts at the NCB Financial Group. The two men had surrendered over 95.1 million NCB shares that they held as at...

Published:Wednesday | June 7, 2023 | 1:04 AMNeville Graham/Business Reporter

With no indication of the extent of a data breach and cyberattack at investment firm Mayberry, the company yesterday urged clients to take immediate steps to protect themselves “against any possible adverse consequences”. In its second notice to...

Published:Wednesday | April 19, 2023 | 1:06 AMNeville Graham/Business Reporter

DIGITAL MEDIA company iCreate is still in breach of the Jamaica Stock Exchange’s (JSE) Junior Market Rule 505 (7) (a). The rule says: ‘The Junior Market Company shall at all times ensure that the fully paid, subscribed participating voting share...

Published:Wednesday | April 12, 2023 | 1:11 AMNeville Graham/Business Reporter

MANAGING DIRECTOR at the National Export-Import (EXIM) Bank, Lisa Bell, is stepping down from her post on April 30, 2023. Bell has been at the helm of the state finance agency for 13 years. She joined the EXIM Bank in 2010, having previously served...

Published:Wednesday | April 5, 2023 | 12:31 AMNeville Graham/Business Reporter

FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to represent Crown Ltd. Gia Abraham, CEO, describes Crown Ltd...

Published:Wednesday | January 18, 2023 | 12:26 AMNeville Graham/Business Reporter

Jamaica’s census exercise has been delayed by a 31 per cent shortfall in field workers but the extension is not expected to significantly impact the $2-billion budget, Statistical Institute of Jamaica (STATIN) Director General Dr Carol Coy has said...

Published:Wednesday | December 21, 2022 | 12:41 AMNeville Graham/Business Reporter

Two weeks into taking over the reins at technology service provider tTech, new CEO Norman Chen is already reshaping his senior team, with the split of the technical services management portfolio into two posts. Another two management positions are...

Published:Monday | October 31, 2022 | 12:09 AMNeville Graham/Business Reporter

The shock announcement that residential units have been yanked from the J$7-billion, multistorey luxury Residences at Terra Nova has left stakeholders puzzled, with the lead realtor on the project insisting that he had bankable offers on half of...

Published:Monday | October 10, 2022 | 12:05 AMNeville Graham/Business Reporter

Executive director of the Betting, Gaming and Lotteries Commission (BGLC), Vitus Evans, says Jamaica’s gaming industry can reap more benefits by realising operational efficiencies from the merger of three regulatory bodies, but, eight years after...

Published:Friday | October 7, 2022 | 12:07 AMNeville Graham/Business Reporter

Jamaica’s first investigation of adult gambling is now out and it has offered up interesting perspectives on persons who gamble. The typical gambler in Jamaica is likely to be male and in the lower-income bracket, numbering among the 62.5 per cent...

Published:Thursday | September 29, 2022 | 12:10 AMNeville Graham/Business Reporter

RJRGLEANER Communications Group CEO Gary Allen is calling for a review of the January 2023 deadline for full digital switchover (DSO), noting that all players in the local broadcasting landscape and members of the public will not be ready in time....

Published:Tuesday | September 27, 2022 | 12:11 AMNeville Graham/Business Reporter

VertiCast Group says it is finalising its new management team to fully take control of the recently acquired CVM Group by mid-October. Although refusing to divulge the size of the deal or the portion of CVM Group it now owned, VertiCast Group CEO...

Published:Saturday | December 4, 2021 | 12:07 AMNeville Graham/Business Reporter

Alliance Investment Management Limited (AIML), Alliance Financial Limited (AFL), their President Peter Chin and Vice President Robert Chin are facing a raft of charges for alleged breaches of the Bank of Jamaica Act, the Banking Services Act and...

Published:Wednesday | October 27, 2021 | 2:24 AMNeville Graham/Business Reporter

The US$15 million ($2.3 billion) shot in the arm announced Tuesday is just what cannabis research and production outfit Medicanja needs to chart a direct course to growth, according to Chairman Dr Henry Lowe. The cannabis company is now being...

Published:Thursday | October 21, 2021 | 12:09 AMNeville Graham/Business Reporter

A digital future is coming into sharp focus for the RJRGLEANER Communications Group as the company readies for digital switchover (DSO). The company is planning to spend about $1.5 billion on the project to digitise its operation, according to CEO...

Published:Monday | October 11, 2021 | 12:08 AMNeville Graham/Business Reporter

As a raging fire swept through the Newport West warehouse and offices of Seprod on Saturday night, CEO Richard Pandohie said he parked his car in front of the Facey Pharmaceutical Division of the manufacturing and distribution conglomerate. He...

Published:Wednesday | September 15, 2021 | 12:07 AMNeville Graham/Business Reporter

Kingston Properties Limited, KPREIT, is banking on a continuing property boom in the Cayman Islands. The real estate investment trust placed a US$3.13-million bet to that effect last Thursday, when it entered into an agreement with a developer to...

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