Wed | Dec 4, 2024

Stories by Luke Douglas - Senior Business Reporter

Published:Friday | November 22, 2024 | 12:08 AMLuke Douglas - Senior Business Reporter

A water well currently being drilled for Caribbean Cream Limited, which trades as Kremi, could be a game changer for the ice cream company, which has already registered improved performance in 2024 over the previous year. CEO of Caribbean Cream,...

Published:Sunday | November 17, 2024 | 12:07 AMLuke Douglas - Senior Business Reporter

There is a level of uncertainty about the supply of sorrel and other locally grown crops for the rest of the year, following the passage of Tropical Storm Rafael as well as weeks of heavy rains that have inundated the island. But the lack of sorrel...

Published:Friday | October 11, 2024 | 12:11 AMLuke Douglas - Senior Business Reporter

After years of promise, professional football seems to be taking off as a business opportunity in Jamaica, with a number of corporate players positioning themselves to score by pumping expertise and money into the sport. Party and event organiser...

Published:Sunday | September 22, 2024 | 12:05 AMLuke Douglas - Senior Business Reporter

A shortage of key inputs, such as scotch bonnet peppers and pimento, is hindering at least one local manufacturing company from filling export orders for its products. Albert Bailey, CEO of Spur Tree Spices Jamaica Limited, says a series of weather...

Published:Friday | September 13, 2024 | 12:06 AMLuke Douglas - Senior Business Reporter

At least two large supermarket chains have increased their imports of vegetables to meet the reduction in local supplies that resulted from the passage of Hurricane Beryl two months ago. Hi-Lo Food Stores and MegaMart both said they were able to...

Published:Sunday | September 8, 2024 | 12:06 AMLuke Douglas - Senior Business Reporter

Improving education levels of Jamaica’s workforce is key to the country attracting some types of investment possible under large public-private partnership agreements, called PPPs, which can lead to rapid economic growth. This is the view of...

Published:Sunday | September 1, 2024 | 12:07 AMLuke Douglas - Senior Business Reporter

The sale of texts for tertiary education, as well as inspirational books, including Bibles, have plummeted by about 70 per cent over the last few years because of their availability online, according to the head of one of the largest booksellers in...

Published:Friday | August 23, 2024 | 12:06 AMLuke Douglas - Senior Business Reporter

A splinter group that formed a trade association as champion for its own cause is now eyeing a return to the Small Business Association of Jamaica, but the newly installed SBAJ president has rejected the notion, saying it won’t happen under his...

Published:Sunday | August 18, 2024 | 12:05 AMLuke Douglas - Senior Business Reporter

A 300-acre coconut farm is being established in St Thomas by an unnamed large investor, Minister of Agriculture and Fisheries Floyd Green has disclosed. Meanwhile, the largest coconut farm in Jamaica, also in the parish of St Thomas, is soon to...

Published:Friday | August 16, 2024 | 12:08 AMLuke Douglas - Senior Business Reporter

Senior An agreement signed between VM Pensions Management Limited and the Jamaica Chamber of Commerce, JCC, promises to bring thousands of workers under the pensions umbrella and improve long-term savings among the Jamaican workforce. An estimated...

Published:Sunday | July 14, 2024 | 12:06 AMLuke Douglas - Senior Business Reporter

Having investigated electronic banking fraud in all its forms for years, Dane Nicholson is predicting another type of fraud by cyberscammers, referred to as “triangulation”, saying it will grow in significance in Jamaica as more persons are...

Published:Monday | July 8, 2024 | 1:57 PMLuke Douglas - Senior Business Reporter

Several large businesses that supply the goods and services that Jamaicans consume daily were in the process of resuming normal operations on Thursday after Jamaica’s brush with Hurricane Beryl. But not everyone was ready to go, immediately. Much...

Published:Sunday | June 30, 2024 | 12:09 AMLuke Douglas - Senior Business Reporter

After registering big losses over the past two years, online learning company EduFocal Limited is banking on the introduction of new exam marking software, new clients and cutting more than half of its staff to turn its fortunes around. The delayed...

Published:Friday | June 28, 2024 | 12:12 AMLuke Douglas - Senior Business Reporter

Government entities will occupy a large chunk of the new office space that has come on the market in the capital city in the past few months, checks by the Financial Gleaner show. The 10-storey commercial building situated across from King’s House...

Published:Friday | June 21, 2024 | 12:08 AMLuke Douglas - Senior Business Reporter

The impact of artificial intelligence technology on the local outsourcing sector is expected to be minimal in the medium term, says Anand Biradar, president of the Global Services Association of Jamaica, GSAJ. In fact, the GSAJ head is advising...

Published:Friday | June 21, 2024 | 12:08 AMLuke Douglas - Senior Business Reporter

Paul ‘PB’ Scott, chairman and CEO of regional conglomerate Musson Group, says its publicly listed information technology firm Productive Business Solutions Limited, PBS, is the fastest-growing company in the massive corporation. It aligns with the...

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