Published:Monday | July 31, 2017 | 12:00 AMAvia Collinder
Dr Lawrence Williams, adjunct professor in the College of Health Sciences at the University of Technology, says he and his business partner have obtained a United States patent for an anti-cancer formulation based on the guinea hen weed.The Jamaican...
Published:Monday | July 31, 2017 | 12:00 AMAvia Collinder
Alfred Robinson, owner of Mello FM operator Cornwall Broadcasting Company Limited, is investing upwards of $45 million to bring two new radio brands to market, Energy FM and Riddim 96 FM, which will begin test transmissions in late August.Energy FM...
Published:Monday | July 31, 2017 | 12:00 AMAvia Collinder
Victoria Mutual Building Society (VMBS) will use the proceeds of a deferred share offer, which closed in June, to finance new mortgage loans.The society collected around $4 billion from six deferred share issues in the month."We aim to see loan...
Published:Friday | July 28, 2017 | 12:00 AMAvia Collinder
NCB Financial Group made net profit of $14.7 billion for the nine months ended June, an increase of 48 per cent over the corresponding period last year and 17 per cent more than its intake of $14.4 billion for the full year to September 2016."Our...
Published:Tuesday | July 25, 2017 | 12:00 AMAvia Collinder
Jamaica exported its highest quantities of ackee last year, according to Jampro vice-president Robert Scott, who was bullish about the prospects for such non-traditional goods in...
Published:Wednesday | July 26, 2017 | 12:00 AMAvia Collinder
Tourism Minister Edmund Bartlett confirmed that the Urban Development Corporation (UDC) has cancelled plans to sell land to Celebration Jamaica Development Limited for a casino resort...
Published:Monday | July 24, 2017 | 12:00 AMAvia Collinder
Courtney Wynter, general manager of Jamaica Mortgage Bank (JMB), said Monday that the state-run mortgage bank is now seeing wider participation from mortgage providers in its mortgage indemnity insurance fund, referred to as MII.The fund, as a...
Published:Tuesday | July 25, 2017 | 12:00 AMAvia Collinder
The Jamaica Castor Industry Association (JCIA), working with Jampro, is hoping to tap into a growing market for Jamaican black castor oil and commercial grade castor oil, which has a prospective value of US$100 million or more.On Tuesday, the two...
Published:Thursday | July 20, 2017 | 12:00 AMAvia Collinder
Some local commercial banks are writing car loans at cheaper rates as demand for motor vehicles continues to climb and new auto traders hang their shingles.Lynvalle Hamilton, president of the Jamaica Used Car Dealers Association (JUCDA) and owner of...
Published:Thursday | July 20, 2017 | 12:00 AMAvia Collinder
Breadfruit, a cheaply grown Jamaican staple, is ramping up its commercial profile and heading to the export market as a snack.Managing Director of Jamaica Producers Group Jeffery Hall said last Thursday that the food and logistics conglomerate would...
Published:Friday | July 21, 2017 | 12:00 AMAvia Collinder
Pepsi-Cola Jamaica Bottling Company Limited has introduced new products intended to spice up its portfolio and tap into the market segment looking for healthier alternatives to sodas.The beverage company has added Pepsi Ginger to its line-up; a 100...
Published:Friday | July 21, 2017 | 10:09 AMAvia Collinder
A new survey conducted on behalf of the Private Sector Organisation of Jamaica (PSOJ) shows that a large proportion of social media users -34 per cent - are unemployed and only one per cent work at managerial level. Over 50 per cent are junior...
Published:Monday | July 17, 2017 | 12:00 AMAvia Collinder
Use of the National Security Interests in Personal Property Registry (NSIPP) is rising steadily, says Companies Office of Jamaica's Judith Ramlogan, although motor vehicles remain the most...
Published:Wednesday | July 19, 2017 | 12:00 AMAvia Collinder
Jamaica Agricultural Society (JAS), a lobby for farmers, will break ground by November on a multistorey car park in downtown Kingston. It is also building new shops for...
Published:Thursday | July 13, 2017 | 12:00 AMAvia Collinder
Word filtering around local trading desks is that the Government of Jamaica (GOJ) is considering floating a new bond externally, but might try other options first.Jamaican bond traders are hoping the Government will opt for a global bond."We heard...
Published:Monday | July 17, 2017 | 12:00 AMAvia Collinder
Jake Suski, managing director of New Fortress Energy (NFE), says the impending acquisition of affiliate company Fortress Investment Group LLC by Softbank Group is unlikely to affect its regional gas supply programme.Fortress shareholders voted in favour...
Published:Monday | July 17, 2017 | 12:00 AMAvia Collinder
Two off-the-top sellers of retail sugar say there is no real shortage of domestic supplies, notwithstanding the reduced shelf space and scanty supplies noted in some grocery stores as new packaging standards take effect.The new rules require the...
Published:Tuesday | July 18, 2017 | 12:00 AMAvia Collinder
Keith Amiel, manager of corporate affairs at Caribbean Broilers, which now trades as CB Foods, says the company has adopted the new name to fit with its diversification into non-meat activity, specifically fresh foods.The new trading name was...
Published:Wednesday | July 12, 2017 | 12:00 AMAvia Collinder
Local banks are saying that new charges levied on US-dollar accountholders are related to higher costs associated with transporting and shipping the currency overseas. As supplies of foreign currency build up in bank vaults, new fees on deposits...
Published:Thursday | July 13, 2017 | 12:00 AMAvia Collinder
While life insurers are befitting from the change in reserve requirements, leading to higher investment income, general insurers saw a fall off in earnings for the quarter ended March, according to data from the Financial Services Commission (FSC)....
Published:Tuesday | June 20, 2017 | 12:00 AMAvia Collinder
Stacii Blake, who turned 26 in May, has already developed four companies in an integrated business model centred on her love of art, television and fascination...
Published:Wednesday | July 12, 2017 | 12:00 AMAvia Collinder
Caribbean Broilers Jamaica Limited, which now refers to itself on its website as CB Foods, is venturing into a new area of the meat market that is now fed by...
Published:Thursday | July 13, 2017 | 12:00 AMAvia Collinder
Wisynco Group Chairman William Mahfood said Wednesday that Jamaica is the fastest-growing market among countries in the Latin American region for Coca-Cola, increasing sales by more than 40 per...
Published:Tuesday | July 11, 2017 | 12:00 AMAvia Collinder
Zyacom consultants have been hired to devise a plan that makes a business case for the Jamaican craft sector, including an institute to refine the artistic talent of craft makers.The business case will assess the skills training gap, as well as the...
Published:Monday | July 10, 2017 | 12:00 AMAvia Collinder
Balram Vaswani, managing director of Kingston-based Marley Coffee Limited, says the company expects former distributors to sign new agreements for sale of the product under licence.In mid-2016, the brand owned by Jamaican companies 56 Hope Road Music...
