J AMAICA’S TOP coffee roasters have signalled to the commodity regulator that one of their own, Salada Foods Jamaica Limited, would buy built-up inventory of beans at US$3 per pound. But well-placed sources say that Salada has been buying beans at...
MARINE ATTRACTION Dolphin Cove Limited hopes to reopen for business in mid-July, but says the plan rides on the extent to which the Government will allow visitors to enter the island and the destinations to which most of the tourists are bound. The...
Recent calls by the Jamaica Manufacturing and Exporters Association, JMEA, for more targeted concessions on raw materials that are processed for re-export sent Jamaica Agricultural Commodities Regulatory Authority, JACRA, back to the drawing board...
One-year-old company NovaMed has inked a deal with Hong Kong-based DHB Global that will see the start-up medical consultancy transitioning to a producer of healthcare personal protective equipment, or PPE. Under the deal finalised earlier this...
DESPITE TUMBLING sales and challenges with hire-purchase accounts, two of the largest retailers of home furniture and appliances, Courts Jamaica and Singer Jamaica, have found glimmers of hope during the COVID-19 pandemic. That’s because work-from...
British Caribbean Insurance Company Limited, BCIC, will refund a portion of April’s premium to holders of its public passenger vehicle, PPV, and Diamond Max private motor insurance next week. The move, which is expected to cost BCIC...
Stationery & Office Supplies Limited, SOS, has implemented work rotation schedules, which sees only 50 per cent of its staff working from the office on a daily basis, as it tries to balance the needs of the business and the...
Leading poultry producer Jamaica Broilers Group Limited, JBG, says it may be forced to take further cost-cutting measures in the “not-too-distant future” as it grapples with a 40 per cent decline in chicken sales from the closure of the hotel...
Larren Peart, founder and CEO of Bluedot Data Intelligence Limited, has reacquired SSL Venture Capital Limited’s 50 per cent shareholdings in his company. The transaction, which took six weeks to negotiate, comes at a time when COVID-19...
GENERAL ACCIDENT Insurance Company is about to enter a third regional market, for which it secured a licence this month, but the Musson-controlled outfit is keeping watch on the COVID-19 pandemic to determine when to launch operations. Six months...
Financial institutions across St Catherine reopen their doors to the public on Friday, but have warned that clients may experience delays in accessing in-branch, ABM and even call-centre services. Business reopened in the parish on Wednesday, but...
MONTHS BEFORE Jamaica confirmed its first case of the new coronavirus, the country of 2.8 million people was already showing signs of a slowdown in economic performance, according to data released by the Statistical Institute of Jamaica, Statin,...
Kevin Frith, the man who founded Bar Central in 2013, is going into a new line of business. He continues to hold a one-quarter stake in Bar Central, a marketing and distribution company for liquor and drinks, but has ceased being its CEO since the...
Pulse Investments Limited has waived April’s rent payments for its 46 commercial tenants who are feeling the effects of the economic slowdown caused by the coronavirus, COVID-19. The waiver, in addition to the temporary closure of Pulse Rooms in...
A foreign developer has struck a deal with Dolphin Cove Limited to acquire a 23-acre property that it owns, and which houses one of its marine parks in Hanover, under a lease-to-purchase arrangement. The foreign company is expected to develop a...
Fresh supply of hand sanitisers and paper towels are expected to hit the market this week, products that have been tweaked for just-that-added layer of protection against the coronavirus. At least two of Jamaica’s entrepreneurs began working on...
GraceKennedy expects to take control of Key Insurance this week after closing a cash offer for the general insurer on March 2. The level of subscriptions was not disclosed, but it’s clear the conglomerate achieved sufficient take-up of its $2.01...
GraceKennedy wants to double the network for its Western Union money transfer service by year end, through a mix of acquisitions and expansion. Western Union falls under the conglomerate’s GK Money Services umbrella, which also includes FX Trader...
Just as reports are indicating that China, the epicentre of the coronavirus, is seeing improvements in cases, the United States, which is Jamaica’s largest trading partner, is reporting rising fatalities and the possibility of more cases. But two...
Floyd Green, the Minister of State for industry, commerce and agriculture, expects the tabling of regulations around the commercial export of cannabis in Parliament to happen by late April. The first draft of export regulations for the commercial...
Tropical Battery hopes to open the doors to its new home in Ferry, Kingston during the first two weeks of March, after about a year constructing the facility at cost of $60 million. Its also a step closer to approaching the market for equity...
