EXORBITANT interest rates on credit cards have been cited as the main reason people won’t get one. Despite the widespread use of credit cards globally, many Jamaican consumers remain cautious about embracing this…
Category: Business & Economy
FROM BOOZE TO BEATS
AT least two nightclubs in the country’s tourism mecca say their Gen Z customers (people born between 1996 and 2010) are consuming less alcohol when they go out compared to the volumes millenials…
Stocks Round Up | 108 stocks traded today
The Jamaica Stock Exchange (JSE) Combined Index again lost ground on Friday. The moderate trading ended with an advance/decline ratio of 59/35. The JSE Combined Index declined by 7,270.85 points or 2.18 per…
Seprod gets shareholder nod to create new shares
Food manufacturing and distribution company Seprod on Wednesday received shareholder approval to increase the company’s authorised shares, but is still silent on when the new capital will be deployed and for what purpose….
Portland Fund III to deploy one-third of funds to women-led companies
Portland Private Equity LP, an investment firm controlled by Michael Lee-Chin, is promising to target women for financing through the new equity fund it’s in the process of seeding. Portland Caribbean Fund III,…
Staff on edge at NCB
Staff at the NCB Financial Group subsidiaries, especially NCB Jamaica and NCB Capital Markets, are on edge in the wake of major changes made to the senior management of the companies in a…
Sagicor Financial Company clears last hurdle to acquire Ivari
Sagicor Financial Company Limited (SFC) has received all regulatory approvals to acquire Canadian life insurance company Ivari and expects to complete the transaction by October 3, subsequent to the end of its third…
Seprod eyes US$1 billion in sales by next three years
Focused on its target to double exports in the next two years, manufacturing and distribution conglomerate Seprod Limited said it is also pushing to reach US$1 billion in sales. Describing the move as…
Stocks Round Up | Some 22.5 million units traded today
The Jamaica Stock Exchange (JSE) Combined Index lost ground on Thursday. The moderate trading, ended with an advance/decline ratio of 59/35. The JSE Combined Index declined by 2,157.21 points or 0.64 per cent…
Hyundai and Kia recall nearly 3.4m autos due to fire risk
Hyundai and Kia are recalling nearly 3.4 million vehicles in the United States and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car…