TRANSPORT operators say they are ready to embrace the Bank of Jamaica’s (BOJ) central bank digital currency Jam-Dex, and could do so in time for the new year if things fall in place…
Category: Business & Economy
Spur Tree inks new deal
SPUR Tree Spices has reached an agreement with Atlanta-based BAK Foods to broaden the distribution of its products in the US, a deal which is estimated will boost the food company’s revenues “by…
Open season for chicken parts trade
The Ministry of Agriculture, Fisheries and Mining opened a call for importers of chicken parts, specifically backs and necks, in August, amid a decline in the value of supplies procured from overseas. Trade…
Business partners bringing ‘dinner in the sky’ concept to Jamaica
Restaurant operators Samantha and Krystal will test the appetite for sky dining in Jamaica following approvals from the National Environment and Planning Agency, NEPA, for an eatery that offers a ‘dinner in the…
Coding building bridges to a brighter future
As Jamaica continues to evolve into a digitally savvy society, individuals strong in STEM (Science, Technology, Engineering, and Mathematics) subjects will be in high demand. Arising from a collaboration between the Ministry of…
US, China agree to discuss export controls as commerce secretary visits to warm up chilly ties
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…
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…