With an aim to acquire Micro-Financing Solutions (MFS) Limited by the end of 2023, MFS Capital Partners Limited is looking to raise $300 million as it seeks to establish a core business focus….
Category: Business & Economy
ChatGPT maker hosts first big tech showcase amid growing competition
More than 900 software developers and other attendees showed up on Monday to the inaugural developer conference for the artificial intelligence company behind ChatGPT, embracing a Silicon Valley tradition for technology showcases that…
Public exposure of secretive companies begins
As Jamaica heads towards the next round of assessments by watchdog Financial Action Task Force, FATF, in February, the Prime Contact Secretariat housed at Bank of Jamaica says Companies Office of Jamaica is…
High drug prices, brain drain hit pharma sector
The University of Technology Jamaica, which churns out the most trained pharmacists annually, is of the view that the numbers certified should be enough to serve the sector. But there is a rising…
Wi-Fi Router discord
CHINA-BASED Huawei Technologies said a vulnerability detected in one model of its Wi-Fi routers that exposes thousands of Jamaicans to a cyberattack was fixed as far back as in 2017, and added that…
Brokers raising margin loan rates
While inflation tapers off record highs and central banks continue to hold policy rates, brokerage firms continue to increase the heat on clients as they adjust margin loan rates upwards against the backdrop…
A woman of resilience
A fire in early January 2023 at the Salem, Runaway Bay, St Ann-based L&M Meats and Groceries Limited failed to shatter the resilience of Natalie Chen, who runs the business with her mother…
Kremi embarks on expansion and modernisation
BULK ice cream manufacturer Caribbean Cream Limited, known by its brand name Kremi, has invested $440 million in property, plant, and equipment this year as it pursues an ambitious expansion plan that promises…
Jamaica Broilers eyeing Barbados
THE Jamaica Broilers Group (JBG) is seeking to deepen its presence in the rest of the Caribbean while doubling down on its plans for its United States of America (USA) business. While JBG…
Business Social – November 3
The Private Sector Organisation of Jamaica (PSOJ) Hall of Fame banquet in which businessman Howard Mitchell was recently inaugurated was well supported by well-wishers and the who’s who in business in Jamaica. The…