The NCB Financial Group (NCBFG) has sought to address questions regarding the decision of billionaire businessman Michael Lee-Chin to take a three-month leave of absence from his post as chairman of the group. In a…
Category: Business & Economy
Stocks Round Up | FosRich today’s top winner
The Jamaica Stock Exchange (JSE) Combined Index gained ground on Wednesday. The moderate trading, ended with an advance/decline ratio of 40/55. The JSE Combined Index advanced by 2,890.60 points or 0.84 per cent, to…
Flow, UNICEF renew partnership supporting youth development
Flow and UNICEF have recommitted to changing the lives of Jamaican youths using mobile technology and have renewed their partnership in support of youth empowerment through a Memorandum of Understanding (MoU). The two-year…
IFC issues J$ bond on international market
A bond has been issued on the international capital markets denominated in Jamaican dollar for the first time ever. The bond was issued by the International Finance Corporation (IFC), the private sector arm…
Pay bumps impact negligible
THE Bank of Jamaica (BOJ) said Monday that it does not expect recent salary increases to have a material impact on the inflation rate and stayed from signalling when it may start to…
HAJ looks upmarket for better margins
Working with private partners, the Housing Agency of Jamaica, HAJ, is putting pricier developments on the market beyond the income segment it has served in past decades. The agency, which traditionally delivers starter…
Jamaican cannabis company expands footprint in Europe
Jamaican Medical Cannabis Corporation, which has a presence in Jamaica and Toronto, has announced the acquisition of Materia Ventures, a supply and distribution company for cannabis and CBD products located in Malta. The…
Nigeria opens Africa’s biggest oil refinery
Nigerian President Muhammadu Buhari on Monday opened Africa’s biggest oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products. The US$19-billion facility…
BOJ expects inflation to rise, maintains policy rate at 7%
The Bank of Jamaica, BOJ, on Friday said that it foresees inflation rising above the four to six per cent target range over the months of June to September 2023, data which fed…
Oil drilling project near mouth of Amazon River rejected by Brazil’s environmental regulator
Brazil’s environmental regulator has rejected a licence for a controversial offshore oil drilling project near the mouth of the Amazon River that had drawn strong opposition from activists who warned of its potential…
