REPRESENTATIVES OF microfinance institutions, MFIs, or MCIs, are to sit down with regulators in the coming days to chart a way forward, as the MFIs transition to a regulated environment under the Microcredit Act passed in January 2021. The...
MINING START-UP Geophysx, which holds some 70 licences to explore for copper, zinc, gold, and rare earth minerals, will seek two partners to augment its new drilling projects. The partnerships will serve as a precursor for a possible capital raise...
PRESIDENT OF of the Micro Small and Medium Enterprises, MSME, Alliance, Donovan Wignall, has welcomed National Commercial Bank’s, NCB, Quick Biz Express, the bank’s fully digital financing solution for pre-approved small and medium enterprises,...
NEW YORK (AP): STOCKS WERE dipping on Wall Street yesterday, and Treasury yields were dropping following the latest signals that the United States economy is slowing under the weight of much higher interest rates. The S...
WASHINGTON (AP): THE JOE Biden administration is pressing its case for a new approach to global trade, arguing that America’s traditional reliance on promoting free trade pacts failed to anticipate China’s brass-knuckled brand of capitalism and the...
THE VALUE of bank fraud dipped to roughly $700 million in 2022, the lowest in five years, according to the Bank of Jamaica, BOJ, in its recent Financial Stability Report 2022. Local banks detected about $715 million in fraud losses in 2021, $800...
FACTORIES CORPORATION of Jamaica, FCJ, is treading softly with its planned, expanded commercial park in Naggo Head, Portmore, waiting for the last two months for approval from Cabinet before disclosing costs for the project and lease rates. Its...
THE GOVERNMENT plans to host a ‘Shark Tank’-style pitch room to evaluate its ongoing tourism incubator participants. “At ‘Shark Tank’, entrepreneurs can have one of two results: The entrepreneur can be chosen by a member of the panel who considers...
THE PRIVATELY held Cornerstone Group, which recently received the greenlight from the central bank to reorganise into, and seek a licence as, a financial holding company, has valued itself just shy of US$1 billion, or $152 billion, which would...
LONDON (AP): BRITAIN’S PRIVACY watchdog hit TikTok with a multimillion-dollar penalty yesterday for misusing children’s data and violating other protections for young users’ personal information. The Information Commissioner’s Office said it issued...
BEIJING (AP): FURIOUS AT US efforts that cut off access to technology to make advanced computer chips, China’s leaders appear to be struggling to figure out how to retaliate without hurting their own ambitions in telecoms, artificial intelligence...
GRACEKENNEDY, the Jamaican conglomerate whose businesses span supermarkets to financial services, has invested more than a J$1 billion in the digitisation of its services over the last three years, which, according to its CEO Don Wehby, is helping...
THE JAMAICA Stock Exchange, JSE, now hovers at just above pandemic lows following its slide on Monday that wiped out $5 billion in market value. Suffering its biggest day of losses in at least 12 months, to start the new quarter, the depreciation...
FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to represent Crown Ltd. Gia Abraham, CEO, describes Crown Ltd...
UNITED KINGDOM (UK) health services provider Cambridge University Hospitals has been seeking to recruit registered nurses and midwives for full-time, qualified nursing positions in all clinical areas across the hospital, with a fresh push made in...
GAMING AND entertainment company, Supreme Ventures Racing and Entertainment Limited (SVREL), is upping the ante with its digital strategy, while moving to top a record 2022. The company has digital innovations such as a lottery online platform, SV...
FRANKFURT, Germany (AP): MAJOR OIL-PRODUCING countries led by Saudi Arabia said they’re cutting supplies of crude – again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed. Russia is...
Under pressure from the United States government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-...
One start-up lists as its address a small home in a working-class district in Venezuela’s capital whose owner has never heard of the firm. Another is a Hong Kong-based shell company created in 2020. Yet another belongs to a Spanish commodities...
At no time is it more evident how desperately Jamaicans love to own land than after the death of an individual who owns even a small lot, with or without buildings thereon, when family and pretenders engage in serious and sometimes dramatic...
Is the rate of construction of high-rise buildings surpassing the capabilities of Jamaica’s fire brigade and prevention services? According to the National Fire Protection Association, “high-rise buildings present several unique challenges not...
Nearly eight thousand remittance transactions have been recorded since the start of this year via two digital wallets approved so far by the Bank of Jamaica, the central bank has said. One of those wallets is the well-known Lynk app, which rolled...
138 Student Living Jamaica, 138SL, the provider of accommodation for students at the University of the West Indies, says that while rental rates were increased this academic year, it was done in accordance with the concession agreement. The move...
You agree with the general concept of having new products and services to offer your customers. After all, a company that relies on stale stuff is likely to fail. But how do you put together an effective R...
