Mon | Sep 26, 2022

Stories by Karena Bennett - Business Reporter

Published:Sunday | January 16, 2022 | 12:05 AMKarena Bennett - Business Reporter

Eppley Caribbean Property Fund is seeking properties suitable for business process outsourcing and hospitality businesses, further diversifying its commercial portfolio. Since its acquisition by Jamaican company Eppley Limited, more than three...

Published:Sunday | January 9, 2022 | 12:06 AMKarena Bennett - Business Reporter

Scotiabank Jamaica has set aside $3 billion as loan financing for women entrepreneurs in a refreshed plan to address what the bank says is the under-representation of women in the business world. The lending programme – dubbed Scotiabank’s Women...

Published:Friday | January 7, 2022 | 12:08 AMKarena Bennett - Business Reporter

SSL Venture Capital Jamaica Limited, which trades as SSL Ventures, has offloaded its remaining 30 per cent interest in Bluedot Data Intelligence for US$99,000 to Larren Peart, ending a three-year investment in the data marketing company. At that...

Published:Friday | January 7, 2022 | 12:07 AMKarena Bennett - Business Reporter

Exports of Jamaica’s St Julian and East Indian mangoes are expected to double in quantity for the 2022 crop, as more exporters answer the call from the Ministry of Agriculture to fill the growing demand for the luscious fruit in international...

Published:Sunday | January 2, 2022 | 12:09 AMKarena Bennett - Business Reporter

Student housing developer and operator 138 Student Living Jamaica, 138SL has agreed new terms with the University of the West Indies, Mona, details of which will be published in the company’s upcoming annual report. After months of negotiations,...

Published:Friday | December 31, 2021 | 12:08 AMKarena Bennett - Business Reporter

Courtney Walsh Drive, a road in Kingston historically known as an event and entertainment zone, is becoming attractive to the developers of commercial real estate targeted at the outsourcing market. The latest development being marketed for lease...

Published:Sunday | December 26, 2021 | 12:09 AMKarena Bennett - Business Reporter

A timeline for passage of two companion pieces of legislation – the Credit Union (Special Provisions) Bill and an amended Co-operative Societies Act – that will allow the Bank of Jamaica, BOJ, to commence the licensing process for credit unions has...

Published:Friday | December 24, 2021 | 9:11 AMKarena Bennett - Business Reporter

A mid rising inflation and more costly imports, a concurrent increase in the price of goods is partly being blamed for a slowdown in retail sales just days before Christmas, but there’s optimism among business owners that sales might begin to...

Published:Sunday | December 19, 2021 | 12:12 AMKarena Bennett - Business Reporter

Local cannabis company Pure Jamaican Limited has acquired the production and cultivation assets of another cannabis business, Timeless Herbal Care, putting it a step closer to achieving its ambition of becoming the largest supplier of...

Published:Sunday | December 19, 2021 | 12:08 AMKarena Bennett - Business Reporter

Consumers heading to the market this week should find themselves saving a few hundred dollars on the purchase of fruits and vegetables, largely as a result of an increase in the supply of produce across the island. The availability of more goods...

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

It’s the festive season, and retailers, financial institutions, and car dealers are looking to woo consumers with cost-saving deals and gift packages. But this year, some companies are digging deeper, and have come up with offerings more attractive...

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

The National Housing Trust has published the names of 80 shortlisted applicants for the controversial Ruthven Towers apartment complex in New Kingston, 13 of whom are individuals between the ages of 25 and 35 years. Another eight are applicants who...

Published:Saturday | December 11, 2021 | 12:07 AMKarena Bennett - Business Reporter

Lasco Financial Services Limited struck a deal with Alliance Payment Services Limited in 2019 to launch a co-branded ePay MasterCard, through Lasco Pay, that would allow for cashless transactions with its remittance business unit. But the deal...

Published:Sunday | November 21, 2021 | 12:07 AMKarena Bennett - Business Reporter

Buoyed by the oversubscription for its Bessa resort vacation units, real estate and entertainment company KLE Group is on the hunt for a second development property in St Mary. KLE Chairman David Shirley said Thursday that the company has already...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

Tropical Battery Company Limited will embark on a recycling programme for degraded electric vehicle and solar batteries in the first quarter of 2022, an initiative that Managing Director Alexander Melville deems as both financially viable and...

Published:Friday | November 19, 2021 | 12:09 AMKarena Bennett - Business Reporter

JMMB Group Limited is setting up an alternative payments division through which it will expand remittance and banking services. It is awaiting regulatory approval from the Bank of Jamaica for the roll-out of several payment solutions and services...

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

Outsourcing Management, a business process outsourcing company which trades as itel, has raised $3.1 billion in fresh capital on the bond market, four-fifths of which will fund new projects. The debt raise consisted of two bonds – one set to...

Published:Sunday | November 7, 2021 | 12:07 AMKarena Bennett - Business Reporter

The Ministry of Agriculture and Fisheries (MOAF) has unveiled nine strategic objectives it hopes to knock off its working list before December 2025, but it may prove to be a tall order for the ministry to fill, having flunked on the majority of its...

Published:Friday | November 5, 2021 | 12:08 AMKarena Bennett - Business Reporter

Six months into his role as managing director of Lasco Distributors Limited, John De Silva, has started making adjustments to the portfolio of products the distribution company carries, a move intended to deepen its market share as well as gin up...

Published:Friday | November 5, 2021 | 12:08 AMKarena Bennett - Business Reporter

The electric vehicle market in Jamaica is yet to gain traction, but National Commercial Bank Jamaica, NCB, is looking to accelerate the pace at which consumers transition towards the greener alternative to gas-fuelled autos, with the roll-out of...

Published:Sunday | October 31, 2021 | 12:08 AMKarena Bennett - Business Reporter

The National Housing Trust, NHT, state provider of affordable homes and mortgages, came under heavy criticism when it first proposed to sell the long-waited Ruthven Towers apartments for $16 million to $22 million, prices that were seen as more...

Published:Friday | October 29, 2021 | 12:09 AMKarena Bennett - Business Reporter

Agro-Investment Corporation, an agency of the Ministry of Agriculture...

Published:Saturday | October 23, 2021 | 12:09 AMKarena Bennett - Business Reporter

The e-mobility project launched by the Jamaica Public Service Foundation and the Inter-American Development Bank’s innovation unit, IDB Lab, to accelerate the development of electric vehicle technology in Jamaica, has established an electric...

Published:Friday | October 22, 2021 | 12:09 AMKarena Bennett - Business Reporter

A plan by the University of the Commonwealth Caribbean, UCC, to develop a university town some six years ago is finally gaining traction, with the groundbreaking slated to take place on completion of UCC’s listing on the Jamaica Stock Exchange...

Published:Saturday | October 9, 2021 | 12:08 AMKarena Bennett - Business Reporter

Medical Disposables...

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