PRIME Minister Andrew Holness has told the World Bank Group and the Inter-American Development Bank (IDB) that he intends to tap their support in helping to reduce poverty in Jamaica, as the next…
Category: Business & Economy
Lee-Chin sells $1.5-b worth of NCB shares
It’s been confirmed that a connected party to Michael Lee-Chin sold 22,708,700 shares of NCB Financial Group Limited last Friday for $1.54 billion in one of the largest market transactions in two years….
NCB readies ABMs for roll-out of new notes
The National Commercial Bank (NCB) has announced that some 43 of its over 300 automated banking machines (ABMs) islandwide will be ready to facilitate cash withdrawals of the new banknotes scheduled for roll-out…
$11.5b in new notes issued yesterday
THE Bank of Jamaica (BOJ) said it issued $11.5-billion worth of the new polymer banknotes on Thursday, the first day the new notes were distributed to the public. The new notes that are…
Inflation increases to 6.1% in May
The Statistical Institute of Jamaica (STATIN) has reported that inflation for May was 6.1 per cent following a 0.6 per cent increase. STATIN said the upward movement was influenced mainly by increases in…
NCBFG assures of company’s stability following Lee-Chin’s share sale
The NCB Financial Group Limited (NCBFG) says majority shareholder Michael Lee-Chin continues to maintain confidence in the company despite the recent sale of a block of shares held by the businessman and his associated…
Push to regulate AI advances in Europe
Lawmakers in Europe signed off Wednesday on the world’s first set of comprehensive rules for artificial intelligence, clearing a key hurdle as authorities across the globe race to rein in AI. The European…
Gas prices going up $0.25 Thursday
Motorists will pay more for gas when they go to the pumps on Thursday, following a $0.25 increase. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $170.45 per litre and…
Stock Round Up | ISP Finance the biggest winner today
The Jamaica Stock Exchange (JSE) Combined Index retreated marginally Wednesday. The heavy and busy trading, ended with an advance/decline ratio of 40/50. The JSE Combined Index declined by 1,534.67 points or 0.45 per…
Companies urged to strengthen cybersecurity posture
Following the latest wave of cyber attacks locally, companies are being urged to beef up their cybersecurity strategies to insulate themselves from the strongholds of more devastating future breaches . Speaking with the…