‘MEK-A-MOVES’ Promotions, the creator of shoes and sandals, is seeing a boost in orders on the heels of the recent staging of Expo Jamaica. The business, which was primarily focused on shoe repairs…
Category: Business & Economy
NCBFG expanding financial inclusion with NIDS pilot
NATIONAL Commercial Bank Jamaica Limited (NCBJ) has received approval from the Bank of Jamaica (BOJ) to develop and test three proof of concepts leveraging the national identification system (NIDS) which is currently in…
GK taps Unicomer and Lynk to expand remittance services
GraceKennedy Limited (GK) has named Unicomer Jamaica Limited and digital wallet Lynk as two of the latest partnerships through which it will be pushing growth for its remittance business. At an investor’s briefing…
Jamaica hiring energy consultant to cut light bill
The Jamaican Government is trying to determine the cost of retrofitting 50 health, education and public facilities with energy-saving lights and related equipment for which it is hunting a consultant. The project is…
MPC Caribbean transferring fund assets
Renewal energy investor MPC Capital will transfer assets of MPC Caribbean Clean Energy Fund LLC to MPC Caribbean Clean Energy Limited, MPCCEL, under a restructuring of the German company’s regional holdings that’s subject…
NCB Financial reclassifies investments to bolster capital
The focus on capital adequacy by large banking conglomerate NCB Financial Group resulted in it reclassifying certain investment assets to retain value. “We are living in uncomfortable times,” said President and CEO Patrick…
Cuba cops one million visitors in first 5 months
Tourism officials in Cuba recently announced that the Spanish-speaking country has within the first five months of this year welcomed one million visitors to its shore, almost half of which it received during…
Sagicor now most valuable company on JSE
SAGICOR Group Jamaica Limited (SGJ) is now the largest company on the Jamaica Stock Exchange (JSE) by market capitalisation as it surpassed NCB Financial Group Limited (NCBFG) at the end of 2022. While…
An investment in the poultry industry
Jamaica Broilers Group (JBG) has spent over $200 million — approximately US$1.5 million — on the rehabilitation and expansion of the Best Dressed Chicken h atchery in Cumberland, Portmore, in response to growing…
Hippolyte Fofack | Dollar relief for the global south
The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be perilous. As should have…