Thu | Apr 18, 2019

Stories by Avia Collinder/Business Reporter

Published:Wednesday | April 17, 2019 | 12:16 AMAvia Collinder/Business Reporter

The Statistical Institute of Jamaica on Tuesday released new data on ­inflation which shows that the indicator is moving significantly for the first time in seven months, giving some hope that the central bank may meet its inflation target by June...

Published:Wednesday | April 17, 2019 | 12:09 AMAvia Collinder/Business Reporter

Creditinfo Group, a privately owned Icelandic company that entered the Jamaican market nearly a decade ago, is now expanding in the region. CredInfo partnered with Coalesce Credit Solutions Limited, a local company owned by entrepreneurs Damion...

Published:Wednesday | April 10, 2019 | 12:11 AMAvia Collinder/Business Reporter

The Jamaica Chamber of Commerce-commissioned business and consumer confidence indices indicate that optimism among businesses and consumers remains on an upward trend. The business confidence Index increased to 151 points in the first quarter of...

Published:Wednesday | April 3, 2019 | 12:09 AMAvia Collinder/Business Reporter

Jamaica Plumbing Supplies Limited is near completion of a complex in Portmore that will become the company’s new warehousing and distribution hub. Development of the 200,000-square-foot two-storey structure, which started a year ago, represents an...

Published:Wednesday | March 27, 2019 | 12:05 AMAvia Collinder/Business Reporter

Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact...

Published:Wednesday | March 20, 2019 | 12:18 AMAvia Collinder/Business Reporter

Pear Tree Xpress is spending upwards of $300 million on the expansion of the office complex, new equipment and a new management information system, NIS, all intended to double capacity. The print company is adding space upstairs its Kingston...

Published:Wednesday | March 13, 2019 | 1:42 AMAvia Collinder/Business Reporter

Legitimate providers of small loans in the micro market believe the bill to regulate the sector may have gone too far in its efforts to address predatory lenders. Dr Blossom O’Meally-Nelson, chairman of the Jamaica Association for Micro Financing (...

Published:Wednesday | March 13, 2019 | 12:05 AMAvia Collinder/Business Reporter

Effective immediately, Jamaica Mortgage Bank (JMB) will be reducing the ­premium rate for mortgage indemnity ­insurance (MII) coverage by up to 29 per cent. The MII, rates which were seven per cent of mortgage loans, will now be cut as low as five...

Published:Wednesday | March 6, 2019 | 12:11 AMAvia Collinder/Business Reporter

Instant coffee maker Salada Foods will meet with its regulator, JACRA, regarding new rules for bean content in its product formulations that the company says will hurt its bottom line. The parties have confirmed the pending talks, but General...

Published:Wednesday | February 27, 2019 | 12:05 AMAvia Collinder/Business Reporter

Faced with depressed sales for coffee companies, the Jamaica Agricultural Commodities Regulatory Authority, JACRA, which depends on the sectors it regulates for income, is cutting its budget amid expectations that its ­revenue inflows will be lower...

Published:Sunday | February 3, 2019 | 12:13 AMAvia Collinder/Business Reporter

The Hussey family, owners of the Terra Nova hotel, has tapped architects Clifton Yap and Outram Hussey to design a new high-rise for luxury condominiums that will be sold to investors. The new development to be called ‘The Residences at Terra...

Published:Friday | February 1, 2019 | 12:27 AMAvia Collinder/Business Reporter

CB Group has taken under its wing a start-up company named Benchmark Quality Management Solutions Limited, run by past employee Dr Velton Gooden, who says he is bringing to the table quality management systems of an international quality – at...

Published:Wednesday | January 30, 2019 | 12:15 AMAvia Collinder/Business Reporter

On Tuesday, Richard Byles, the chairman of real estate company 138 Student Living Jamaica Limited, assured shareholders that it was a good time to buy more shares, jokingly referring to the depressed price of the stock. The company, which offers...

Published:Wednesday | January 16, 2019 | 12:00 AMAvia Collinder/Business Reporter

Members of the Caribbean Community (CARICOM) budget committee, which met in Guyana last December, found that members states are in arrears to the tune of more than US$99 million as at May 31, 2017, in terms of their contributions.A paper, titled '...

Published:Wednesday | January 2, 2019 | 12:00 AMAvia Collinder/Business Reporter

Barita Investments Limited has delayed its non-renounceable rights issue in order to get shareholders' approval at an extraordinary general meeting, EGM, on January 17.In a new notice on December 21, board directors said that "while we are assured...

Published:Wednesday | January 2, 2019 | 12:00 AMAvia Collinder/Business Reporter

The Japanese have legislated that January 9 be proclaimed Jamaica Blue Mountain Coffee Day in Japan in recognition of that date on which the largest shipment of the product left Kingston to the Asian country in 1967.That followed the first direct...

Published:Wednesday | November 28, 2018 | 12:00 AMAvia Collinder/Business Reporter

The acquisition of regional financial conglomerate Sagicor Financial Corporation Limited (SFC) by Canadian private-equity firm Alignvest will not affect shareholders of the Jamaican subsidiary, says president and CEO of Sagicor Group Jamaica Limited...

Published:Wednesday | November 21, 2018 | 12:00 AMAvia Collinder/Business Reporter

The long-anticipated move by the Government of Jamaica to shift some of its payments to a mobile money platform made headway this week with the invitation for expressions of interest for payment portals for the Programme of Advancement Through...

Published:Friday | November 16, 2018 | 12:00 AMAvia Collinder/Business Reporter

Come month end, GraceKennedy Remittance Services Limited, GKRS, is headed to court to challenge a decision by the tax authorities in Guyana that it underpaid taxes there by more than $240...

Published:Wednesday | November 7, 2018 | 12:00 AMAvia Collinder/Business Reporter

Ribbiz Lounge Limited, a causal dining and bar outfit, which operates Ultra Lounge in Barbican, Kingston, has poured $30 million into its second restaurant, which opened last week at the Victoria Pier on the Kingston waterfront.Kemar Bankay, Don...

Published:Wednesday | September 12, 2018 | 12:00 AMAvia Collinder/Business Reporter

Two Jamaican conglomerates were denied the opportunity yet again to invest in what would have been a new area of business for them - airport operations.The Development Bank of Jamaica (DBJ) has chosen a Mexican firm for the Norman Manley...

Published:Wednesday | September 5, 2018 | 12:00 AMAvia Collinder/Business Reporter

Jamaican realtors, property developers and bankers selling mortgages are reporting more interest in investment property purchases, and a concurrent upswell in mid-income developments in Kingston that is partly a response to that demand.Devon Young,...

Published:Wednesday | August 29, 2018 | 12:00 AMAvia Collinder/Business Reporter

Caribbean Flavours & Fragrances Limited (CFF) is now rolling out a salt and sugar reducing agent for distribution to the beverage and baking trades in Jamaica and the Caribbean, under the brand name Flavour Fit...

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