Wed | Jan 20, 2021

Stories by Karena Bennett - Business Reporter

Published:Friday | January 15, 2021 | 12:16 AMKarena Bennett - Business Reporter

Beverage maker and distributor Wisynco Group Limited, which has close to $6 billion in cash resources, is thinking of buying back some its shares from the market to get the stock price trending up again. The stock is currently trading within the $...

Published:Friday | January 15, 2021 | 12:10 AMKarena Bennett - Business Reporter

Beverage maker Trade Winds Citrus Limited is converting from bunker oil to liquefied natural gas as fuel source for the company’s steam generator plant, or boiler, and has hired New Fortress Energy to supply the LNG. Eventually, Trade Winds aims to...

Published:Sunday | January 10, 2021 | 9:24 AMKarena Bennett - Business Reporter

With many pointing to the existence of great investment opportunities in the property sector brought about in part by the COVID-19 pandemic, real estate investment company Kingston Properties Limited, which trades as KPREIT, says it is looking to...

Published:Sunday | January 10, 2021 | 12:11 AMKarena Bennett - Business Reporter

Modelling agency and entertainment venue-turned-real estate-developer Pulse Investments Limited has paid up a $250 million debt to bondholders four years early from a funding source that the listed company is not yet disclosing and which is not...

Published:Friday | January 8, 2021 | 12:08 AMKarena Bennett - Business Reporter

Listed 138 Student Living Jamaica Limited, 138SL, which controls apartments meant for rental by students at The University of the West Indies’ Mona campus in St Andrew, expects a slow recovery from its COVID-19-induced revenue and profit fall-off,...

Published:Sunday | January 3, 2021 | 12:08 AMKarena Bennett - Business Reporter

It is expected that for the year just ended, there were more than the 134 million electronic retail payment transactions worth in excess of $4 billion, which the Bank of Jamaica, BOJ, recorded for 2019. Against this background, the central bank has...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Department store Ammar’s is forking out $90 million to give its three Corporate Area locations a facelift, while putting in a website as it plays catch-up to online shopping, which is fast becoming the main source for sales for a growing list of...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Jamaica’s standards authority, Bureau of Standard Jamaica (BSJ), in a partnership with the Bamboo Industry Association of Jamaica, appears close to setting up a facility in White Marl, St Catherine, from which the companies will carry out research...

Published:Sunday | December 20, 2020 | 12:16 AMKarena Bennett - Business Reporter

Security company Guardsman Group has formed a new company called iProtect through which it will distribute wireless security and home or office monitoring systems targeted at residential clients and business operators on a tight budget. Guardsman...

Published:Sunday | December 20, 2020 | 12:15 AMKarena Bennett - Business Reporter

CEAC Outsourcing Com­pany, a labour recruitment firm that added construction to its operations last year, has completed about 90 per cent of the building it is developing at the Kingston 876 commercial complex located at Ferry, Kingston. However,...

Published:Friday | December 18, 2020 | 12:16 AMKarena Bennett - Business Reporter

N ew approaches to work brought on by COVID-19 have trade unionists fired up over worker rights and angling for a sit-down with the Government to discuss what they see as a need for “urgent” amendments to outdated labour laws. Concurrently, trade...

Published:Sunday | December 13, 2020 | 12:08 AMKarena Bennett - Business Reporter

In a rush to get older cars off the lots before the year comes to an end, auto dealers have been rolling out payment holiday and discounts, to woo potential buyers. The month of November usually marks the beginning of a busy Christmas season for...

Published:Sunday | December 13, 2020 | 12:06 AMKarena Bennett - Business Reporter

In a move to make buying local easier for shoppers this Christmas, and consequently drive sales for small and micro ventures, businesswoman Angelie Spencer has partnered with the National Commercial Bank Jamaica Limited, NCB, and video company M-...

Published:Sunday | December 6, 2020 | 12:12 AMKarena Bennett - Business Reporter

With scarce opportunities for work in the pandemic, a freelance platform created by National Commercial Bank, NCB, is generating interest in and outside Jamaica. The NCB Gig Network, which doubles as a job bank for short-term jobs with the banking...

Published:Friday | December 4, 2020 | 12:15 AMKarena Bennett - Business Reporter

Christmas loan specials from microfinance institutions are still being rolled out this year, but borrowers, especially those seeking personal credit, should expect less than half of the value of specials that were trending last year. Small...

Published:Friday | December 4, 2020 | 12:12 AMKarena Bennett - Business Reporter

Operators in the corrugated box-making business are back on track with plans for expansion and in a jostle to increase market share, but are doing so with the realisation that, COVID having changed the demand dynamic, they need to find new avenues...

Published:Sunday | November 29, 2020 | 12:06 AMKarena Bennett - Business Reporter

The technological shift to online delivery of services brought on by the pandemic has placed the Real Estate Board of Jamaica, REB, and the realtors its serves at odds over improper records and the impact it is having on the market. The situation...

Published:Sunday | November 22, 2020 | 8:13 AMKarena Bennett - Business Reporter

With people and traffic movement on the rise again, businesses are seeing signs that the peak commercial season will allow them to erase some of their pandemic-induced losses, and the countdown to Christmas is on. For some shopping areas, yuletide...

Published:Friday | November 20, 2020 | 12:12 AMKarena Bennett - Business Reporter

A uto battery maker Tropical Battery has entered into discussions with two companies on possibly merging its operation, or broadening the business through acquisition. Vice-President for Sales and Marketing Daniel Melville said the company is now...

Published:Monday | November 16, 2020 | 12:16 PMKarena Bennett - Business Reporter

Coffee processor Salada Foods Jamaica Limited's legal bid to overturn directives from the Jamaica Commodities Regulatory Authority, JACRA, regarding its coffee quota has been denied by the Supreme Court. Justice Nembhard, who delivered the ruling...

Published:Sunday | November 15, 2020 | 12:08 AMKarena Bennett - Business Reporter

The National Housing Trust, NHT, is estimating that it will forego some $418 million in loan repayments for this fiscal year ending March 2021 from the special measures implemented since April to assist persons who have fallen into financial...

Published:Friday | November 13, 2020 | 12:12 AMKarena Bennett - Business Reporter

A month after acquiring drinks manufacturer Jamaica Beverages, Trade Winds Citrus has entered the milk market with a protein shake under the brand name Tru-Shake. The product released last week will compete against the imported brand Ensure. Trade...

Published:Friday | November 13, 2020 | 12:12 AMKarena Bennett - Business Reporter

Plans for the upgrading of JMMB Group’s Moneyline platform across the three countries in which it operates are still on the cards, but right now the focus is on resolving a thorny technical problem that has hobbled the banking side of the platform...

Published:Sunday | November 8, 2020 | 12:08 AMKarena Bennett - Business Reporter

There is renewed urgency to get the small and medium-sized business community to increase the number and volume of products they sell globally, to help offset the estimated seven to 10 per cent economic contraction that Jamaica expects this fiscal...

Published:Thursday | November 5, 2020 | 5:02 PMKarena Bennett - Business Reporter

The Government of Jamaica has launched an investment map that allows residents to easily track projects that are being financed with resources from both the Government and donor agencies. The website, which was launched in partnership with the...

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