Mon | Sep 23, 2019

Stories by Huntley Medley - Senior Business Writer

Published:Friday | September 20, 2019 | 10:10 AMHuntley Medley - Senior Business Writer

  Chairman of J Wray & Nephew Limited Clement ‘Jimmy’ Lawrence has taken the reins as chairman of the Spirits Pool Association Limited, the 87-year-old umbrella organisation made up of rum distillers in Jamaica, amid a quarrel...

Published:Friday | September 20, 2019 | 12:12 AMHuntley Medley - Senior Business Writer

Over the past eight years, the Branson Centre of Entrepreneurship Caribbean has invested more than US$1 million to help scores of entrepreneurs launch and grow their businesses. That has largely been money from its initial 10-year grant – the size...

Published:Friday | September 13, 2019 | 12:30 AMHuntley Medley - Senior Business Writer

Jovan Evans is building a complete water solutions business. It’s nothing high-tech. Just practical solutions to everyday problems stemming from inadequate or unreliable water supply. His immediate preoccupation is getting enough products to the...

Published:Friday | September 13, 2019 | 12:26 AMHuntley Medley - Senior Business Writer

It might be working feverishly behind the scenes to cool tempers and iron out differences as it normally does in these matters, but the secretariat for regional trade bloc Caricom is not saying anything publicly about the running battle between...

Published:Friday | August 30, 2019 | 12:06 AMHuntley Medley - Senior Business Writer

High interest rates will kill off businesses, and Delroy Christie knows this only too well because he has been a casualty of the unforgiving regime of the 1990s. Christie is a serial businessman who is holding his own in sectors including...

Published:Friday | August 23, 2019 | 12:33 AMHuntley Medley - Senior Business Writer

Citibank NA has long transformed its global operations into a lean, mean machine and its Jamaica business, headed for the past two year by career banker Eva Lewis, is not venturing outside the worldwide business model. Still, the American bank,...

Published:Friday | August 2, 2019 | 12:25 AMHuntley Medley - Senior Business Writer

It has been named ‘S’ to provide its own unique identity, but it’s not too difficult to discern that the newest resort on Jimmy Cliff Boulevard in Montego Bay is a sister property to the trendy Spanish Court boutique hotel in Kingston. Both hotels...

Published:Friday | July 26, 2019 | 12:39 AMHuntley Medley - Senior Business Writer

By its own calculation, state-run Tourism Enhancement Fund, TEF, has pumped more than $36 billion into projects meant to both improve Jamaica’s tourist product and to retain more of the earnings from the sector. It’s been 14 years since the agency...

Published:Friday | July 12, 2019 | 12:34 AMHuntley Medley - Senior Business Writer

The Hendrickson family’s National Baking Company has been consistent in its focus on meeting its customers’ expectation and demand for fresh bread and other baked products daily, and in the process, is prepared to spend big dough on capital...

Published:Friday | July 5, 2019 | 12:29 AMHuntley Medley - Senior Business Writer

Pharmaceutical distributor Indies Pharma Jamaica Limited, which reported in its April second-quarter financials that it had paid off all debts, is considering a return to its banks for loan capital to finance what founder and CEO Dr Guna Muppuri...

Published:Friday | June 28, 2019 | 12:30 AMHuntley Medley - Senior Business Writer

Main Event is now probably the most well-known name in entertainment production and equipment rental. It also has a fast-growing digital advertising arm. But the listed company that turns 15 this year and grew half-year net profit at April 30 by 15...

Published:Friday | June 21, 2019 | 12:35 AMHuntley Medley - Senior Business Writer

Boutique business hotel Terra Nova is living up to its English translation, ‘new land’, with the breaking of new ground on a luxury condominium complex as the model for a planned redevelopment of the substantial real estate holdings of its owners,...

Published:Wednesday | June 19, 2019 | 12:11 AMHuntley Medley - Senior Business Writer

Harriat ‘Harry’ Maragh has built up significant holdings over many decades in the shipping industry. He now owns multimillion-dollar properties adjacent to the port of Kingston, where he once fished and caught crabs as a little boy growing up in...

Published:Friday | June 14, 2019 | 12:37 AMHuntley Medley - Senior Business Writer

Two years into his chairmanship of financial powerhouse Sagicor Group Jamaica, a move that capped some 14 years as chief executive of the insurance, banking, property management and hospitality conglomerate, Richard Byles, now 68, prepares to step...

Published:Friday | May 31, 2019 | 12:31 AMHuntley Medley - Senior Business Writer

Inspired by the Young Leaders programme of former US President Barack Obama in 2015, Craslyn Benjamin’s four-year-old fresh food business Benlar Foods was also a poster child of sorts for the Branson Entrepreneurial Centre Caribbean, the start-up...

Published:Sunday | May 26, 2019 | 12:14 AMHuntley Medley - Senior Business Writer

Kingston Wharves’ car-transhipment business has outgrown the 18 acres of land it leased at the Tinson Pen aerodrome and filled up another 15 acres it bought near the wharf devoted to motor vehicle storage. And company officials are predicting even...

Published:Friday | May 24, 2019 | 12:21 AMHuntley Medley - Senior Business Writer

She’s the niece of former Governor General Sir Howard Cooke, a former journalist and, at one time, a manager in charge of corporate affairs, customer service, client and government relations at several locations for power utility Jamaica Public...

Published:Sunday | May 19, 2019 | 12:11 AMHuntley Medley - Senior Business Writer

New chairman of the RJRGLEANER Communications Group, Joseph Mayer Matalon, assumed leadership of the listed group on May 1. Joe M., as he is also known, lists among his hobbies a love for public-sector policy work, that has seen him lead major...

Published:Friday | May 17, 2019 | 12:32 AMHuntley Medley - Senior Business Writer

KLE Group, which oversees the Usain Bolt’s Tracks & Records restaurants, UBTR, is hunting property even as it assesses potential traffic numbers for possible market entry in Falmouth...

Published:Friday | May 10, 2019 | 12:25 AMHuntley Medley - Senior Business Writer

Exquisite Wicker is a small operation that for more than 20 years has been making wicker furniture out of its 92 Hope Road location, smack in the middle of the Liguanea commercial and residential district in Kingston. David Myrie spent his earliest...

Published:Friday | May 3, 2019 | 12:26 AMHuntley Medley - Senior Business Writer

The World Bank is talking up the Jamaican economy and expressing confidence in the government’s policy direction. This week, it announced another US$140 million in loans not originally planned for Jamaica, which adds to its already approved...

Published:Friday | April 26, 2019 | 12:31 AMHuntley Medley - Senior Business Writer

Year two of Christopher Zacca’s tenure as president and CEO of Sagicor Group Jamaica brought record profit amid a restructuring of the accounting for resort investment Playa. But just in case anyone thought otherwise, Zacca is declaring he is...

Published:Thursday | April 18, 2019 | 12:26 AMHuntley Medley - Senior Business Writer

The global nutraceuticals market is reported to be valued at in excess in US$200 billion with projections that it will top US$300 billion in the next five years, pushed by changing population, health and dietary trends. Those numbers underpin the...

Published:Friday | April 12, 2019 | 12:27 AMHuntley Medley - Senior Business Writer

The April 2 announcement of a more than US$97,000 gift from the Caribbean Development Bank, CDB, to Caricom for a study on plantation white sugar has Jamaican manufacturing representatives lining up on different sides of the hot-button issue. The...

Published:Friday | April 12, 2019 | 12:24 AMHuntley Medley - Senior Business Writer

Insurance brokerage house Billy Craig Insurance Brokers Limited is talking up an ongoing value-added technology upgrade that its executives say is setting the company apart in an increasingly competitive market of insurance intermediaries. The...

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