Amid turmoil at Jamaica’s largest banking conglomerate, a $2 trillion behemoth that has the potential to hobble the Jamaican economy were the business to falter, stock market investors digested the sudden and unexplained…
Category: Business & Economy
BOJ moves to calm jitters amid NCBFG management changes
The Bank of Jamaica (BOJ) is seeking to assure that member companies of the NCB Financial Group (NCBFG) are profitable, strong and safe amid the sudden management changes at the financial institution. In a…
China economy misses growth forecasts
China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood that the government will double…
iWrite goes after household name status
Launched as a creative company in 2017, iWrite International through the power of words, video and sound has been working to erase errors as it imprints the business as a household name locally….
Export woes
LOCAL small business owners have expressed that they are encountering too many barriers when trying to capitalise on the international export market. On Wednesday, which was the opening day of the 9th staging…
‘No more cybertheft compensation’
NCB’s inhouse fraud specialist, Dane Nicholson, wants banks and financial houses to get tough on customers as a teaching moment for those who carelessly fall into the trap of cybercriminals. He is also…
IMF: Jamaica heat wave could stir megastorm, big losses
The current heatwave in Jamaica is symptomatic of a wider warming climate that experts think may fuel a once-in-a-lifetime hurricane. And if such conditions were to persist and trigger a 100-year event, Jamaica…
New ABMs overlook blind community
ON the heels of concerns from the blind community about automated banking machines (ABMs) becoming more inaccessible as they are upgraded, National Commercial Bank (NCB) said it has already started implementation of the…
I’m not happy!
• Michael Lee-Chin said he is not happy with the lack of dividend payments from NCB • Lee-Chin vows to drive management to operate more efficiently when he returns as chairman next month…
Deputy police commissioner pleads with companies to be honest about fraud attacks
Deputy Commissioner of Police Fitz Bailey is urging companies to be more forthcoming regarding fraudulent attacks, noting that only one-fifth of crimes are reported and that often, companies make the decision not to…