Published:Friday | November 30, 2018 | 12:00 AMHuntley Medley
It appears after all, that all was not lost at Spring Plains - the ill-fated winter vegetables project of the 1980s - and Isratech Jamaica Limited has lived to tell the tale 33 years later, of the durability of the Israeli technology, which drove...
Published:Wednesday | March 21, 2018 | 12:00 AMHuntley Medley
Colm Delves stepped down from the top job at telecoms provider Digicel at the end of February, but he has not left the firm, staying on as a board member and having agreed to an arrangement that will see him handing over the reins as group head to his successor, Alex Matuschka, during a one-month transition in March...
Published:Thursday | January 18, 2018 | 12:00 AMHuntley Medley
Last year, the Jamaican Government raised the tax on cigarettes from $14 to $17 per stick, with the intent of raising $876 million of additional tobacco revenue for the Treasury.But the...
Published:Thursday | January 18, 2018 | 12:00 AMHuntley Medley
Diversified food manufacturer Seprod Limited is pumping up to US$40 million or approximately $5 billion into a new venture to produce palm oil in Jamaica with plans to build a new processing plant and establish a network of farmers to grow palm trees commercially and sell the fruits to the company for crushing...
Published:Friday | January 12, 2018 | 12:00 AMHuntley Medley
Seven months into his new job as chairman of insurance conglomerate Sagicor Group Jamaica, Richard Byles has started to see things quite differently than he did from his previous perch for 13 years as president and chief executive.Having led an...
Published:Thursday | January 4, 2018 | 12:00 AMHuntley Medley
Nissan dealer Fidelity Motors plans a major facelift of its Hanover Street sales office, showroom and service centre in downtown Kingston, even as rivals stake...
Published:Friday | November 10, 2017 | 12:00 AMHuntley Medley
The VMBS Group, armed with more than $4 billion in cash from recent deferred share issues, is repositioning to become more active as an investor and provider of equity and loan financing to businesses.The vehicle being utilised to achieve this...
Published:Thursday | October 26, 2017 | 12:00 AMHuntley Medley
Joseph M. Matalon is a well-known businessman and philanthropist, but had it not been for a lack of facility with the sciences, he might have been better known today as a veterinarian, his early but aborted career choice. The private-sector leader...
Published:Wednesday | October 25, 2017 | 12:00 AMHuntley Medley
GWest Corporation, the developers of the Montego Bay private health centre and commercial development GWest Centre, will follow up the official opening...
Published:Tuesday | October 24, 2017 | 12:00 AMHuntley Medley
Rum maker J. Wray & Nephew Limited (JWN) is looking to wring greater sales from a strong local market that helped to produce nearly $6 billion in earnings for the first six months of this year, and they intend to distil higher profits from greater efficiencies in farm and factory operations as well as better marketing worldwide...
Published:Friday | October 20, 2017 | 12:00 AMHuntley Medley
Having spent $1.5 billion to bring the GWest building in Montego Bay to the property market in February last year, the owner, GWest Corporation Limited, is now set to raise some $400 million from an initial public offering (IPO).The IPO will offer...
Published:Thursday | October 12, 2017 | 12:00 AMHuntley Medley
Huntley MedleyBusiness ReporterManoj Ramchandani made a pretty goodliving importing dream cars for a discerning autoclientele before broadening the business, in which he has invested...
Published:Tuesday | September 26, 2017 | 12:00 AMHuntley Medley
Sagicor Group Jamaica is increasing its footprint in the hospitality industry with plans on the drawing board for another investment of approximately US$200 million to build a hotel with about 800 rooms on lands at Rose Hall in Montego Bay, which...
Published:Wednesday | September 6, 2017 | 12:00 AMHuntley Medley
Kevin Hendrickson is motivated by pride in his successes as an entrepreneur who owns and operates several businesses, but he makes a big distinction between pride and being...
Published:Tuesday | August 29, 2017 | 12:00 AMHuntley Medley
Having paid US$17.6 million for the former Wyndham hotel in New Kingston, businessman Kevin Hendrickson had planned to spend just over US$100 million to refurbish it in three phases.Now an expanded concept for the city hotel integrating three...
Published:Thursday | August 24, 2017 | 12:00 AMHuntley Medley
Deanall Barnes, acting chief executive officer for Arc Manufacturing, one of Jamaica’s largest construction materials firms, wants the Government to pursue policies that give greater support to local manufacturers like his firm. ...
Published:Wednesday | July 26, 2017 | 12:00 AMHuntley Medley
Dolla Financial Services, the three year-old microfinance and cambio outfit of Stocks and Securities Limited (SSL), is weighing an initial public offering...
Published:Thursday | June 15, 2017 | 12:00 AMHuntley Medley
The Kerrs and the Jarretts sailed from England in 1655 with Admiral Penn, General Venables and Captain Henry Morgan to execute Sir Oliver Cromwell's so-called 'western design' to wrest the island from the Spanish...
