US Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on United States export controls that frustrate Beijing and set up a group to discuss other commercial…
Category: Business & Economy
Banks moving fast to upgrade ATMs with new banknotes
Consumers are set to be relieved of headaches associated with depositing the new banknotes to automated banking machines (ABMs) as several commercial banks move quickly to update these facilities which have become a…
No to remote work
A new study has found that finance professionals in the Caribbean strongly prefer to work from the office rather than engage in either remote or a hybrid work arrangement. The study, ACCA’s Global…
Annual returns going online
In 2024, the Companies Office of Jamaica, COJ, will be upgrading its online portal to incorporate the filing of annual returns along with the supporting documents. Presently, the returns have to be filed…
NCB cuts Lynk jobs in hunt for cash to pay dividends
NCB Financial Group is restructuring its fintech subsidiary TFOB (2021) Limited, which trades as Lynk, resulting in job losses particularly among employees engaged as contractors. It is also likely to affect some department…
Unicomer Jamaica adds business unit to Courts chain
Unicomer Jamaica will be introducing a new line of industrial-grade equipment for the Jamaican market through its retail subsidiary, Courts, which up to now has only catered to a consumer market with household…
New owner of Mystic Mountain to take control in September
The company approved as the purchaser of Mystic Mountain Limited, Northjam Island Tours Limited, is expected to pay US$13 million for the bankrupt business, the Financial Gleaner has learnt. The new owner is…
One Great Studio’s regional growth objectives
DIGITAL marketing agency One Great Studio (1GS) has set its sights on global and regional expansion by leveraging the global reach of its new subsidiary, United States-incorported High Voltage SEO (HVSEO), following the…
BOJ outlines $20-billion cost for inflation fight
THE Bank of Jamaica (BOJ) said its inflation fight over the last two years has already cost it upwards of $20 billion, but added that it remains profitable and is expected to continue…
Peru port to be ‘gateway from South America to Asia’ – official
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin…