Aiming to deploy its cashless app across Caribbean markets for remittances and other services, GraceKennedy Money Services, GKMS, is in talks with regulators in various countries. It’s immediate regional target markets for the…
Category: Business & Economy
FDIC recommends overhauling US bank deposit insurance system
The Federal Deposit Insurance Corporation, FDIC, is recommending that the United States rethink its decades-old policy of insuring up to US$250,000 in bank deposits and replace it with an overhaul that would allow…
NHT hunting for low-income housing developers
While still committed to its Guaranteed Purchase Programme, GPP, which was introduced five years ago to improve the pace of delivery of residences to the market, the National Housing Trust is now prospecting…
Stocks Round Up | 33.19 million units traded today
The Jamaica Stock Exchange (JSE) Combined Index retreated Tuesday, closing on a losing note. The busy trading ended with an advance/decline ratio of 33/59. The JSE Combined Index declined by 5,686.11 points or…
Flow Foundation supports Ackeef Nugent’s educational mission
Ackeef Nugent’s ambition and passion to educate fellow youngsters and uplift his Cockburn Gardens community belies his age and stature. At only 13 years old, Ackeef is bright and full of conviction that…
JPS power plant cuts emissions 59 per cent
THE new liquefied natural gas (LNG) power plant at Old Harbour, St Catherine, has helped reduced the carbon footprint from power generation in Jamaica by almost 60 per cent and will go a…
First Republic Bank seized, sold in fire sale to JPMorgan
Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in United States history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase…
Finding her dream
NATALIE Bennett had just 90 days to find a job or leave the United States, as she was staying in the country on a work visa. She had exhausted all her options, as…
Pensioner gets help
Dear Claudienne, I live in St Elizabeth. I was getting an NIS pension but since April 2022 I have not got a payment. I need the money and would like to know why…
The US dollar dominance
IN a globalised economy the use of a single, dominant currency allows for ease and efficiency of trading between countries. With each country having their own currency, trading with multiple partners is more…
