LAST month saw much volatility and uncertainty surrounding the US banking sector, precipitated by the failure of Silicon Valley Bank (SVB), the 16th-largest bank in the US at the time. At the end…
Category: Business & Economy
How bond prices work
One of the most confusing components of “bond math” is the pricing. Like most assets — the price is a major determinant of your total return. Today we look at the pricing of…
Mountain-based Maveric looks downstream for value
Mavelyn Watson has nearly tripled her coffee output last year, a resurgence in yields that buttresses plans to venture deeper into valued-added production. As operator of Maveric Farm Limited, Watson cultivates coffee on…
CAC reviewing draft microfin code, to meet with lenders
Almost a year into the making of the Code of Conduct that will guide how microcredit licensees operate on consumer related matters, the Consumer Affairs Commission, CAC, says it has received feedback from…
Oran Hall | The responsibilities of a trustee
A trustee, through a trust, holds legal title of an asset or group of assets for another person, called the grantor, for the benefit of others, called the beneficiaries. The trustee can be…
Shoe sales booming after Expo Jamaica
‘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…
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…