The Jamaica Stock Exchange (JSE) Combined Index closed the week on a losing note on Friday. The slow to moderate trading, ended with an advance/decline ratio of 49/47. The JSE Combined Index declined…
Category: Business & Economy
Kingston Wharves to increase capacity to one million containers
Port operator Kingston Wharves Limited plans to increase its yard space by 25 per cent over the next 18 months to handle one million containers. It is part of the ongoing US$60-million investment…
Tank-Weld setting up lumber treatment plant
Construction company Tank-Weld is deepening its lumber operations through a new lumber treatment plant that’s expected to be commissioned by December. Tank-Weld is developing the treatment facility at Rio Bueno, Trelawny, at a…
Battle against poverty
PRIME Minister Andrew Holness has told the World Bank Group and the Inter-American Development Bank (IDB) that he intends to tap their support in helping to reduce poverty in Jamaica, as the next…
Lee-Chin sells $1.5-b worth of NCB shares
It’s been confirmed that a connected party to Michael Lee-Chin sold 22,708,700 shares of NCB Financial Group Limited last Friday for $1.54 billion in one of the largest market transactions in two years….
NCB readies ABMs for roll-out of new notes
The National Commercial Bank (NCB) has announced that some 43 of its over 300 automated banking machines (ABMs) islandwide will be ready to facilitate cash withdrawals of the new banknotes scheduled for roll-out…
$11.5b in new notes issued yesterday
THE Bank of Jamaica (BOJ) said it issued $11.5-billion worth of the new polymer banknotes on Thursday, the first day the new notes were distributed to the public. The new notes that are…
Inflation increases to 6.1% in May
The Statistical Institute of Jamaica (STATIN) has reported that inflation for May was 6.1 per cent following a 0.6 per cent increase. STATIN said the upward movement was influenced mainly by increases in…
NCBFG assures of company’s stability following Lee-Chin’s share sale
The NCB Financial Group Limited (NCBFG) says majority shareholder Michael Lee-Chin continues to maintain confidence in the company despite the recent sale of a block of shares held by the businessman and his associated…
Push to regulate AI advances in Europe
Lawmakers in Europe signed off Wednesday on the world’s first set of comprehensive rules for artificial intelligence, clearing a key hurdle as authorities across the globe race to rein in AI. The European…