A stakeholder within the local network of small business development centres (SBDC) is proposing the use of more data-driven models to drive the growth of small and medium-sized enterprises (MSMEs) and push the…
Category: Business & Economy
Fesco acquires Wilson Beck’s LPG assets
Future Energy Source Company Limited (Fesco) has acquired the assets of Wilson Beck LPG Limited (WB) as it gears up to launch its own LPG (liquified petroleum gas) business later this quarter under…
Short-term rental worry
MORTGAGES for properties used for short-term rentals such as Airbnb are causing “increasing concern” for the Bank of Jamaica (BOJ) as they show heightened levels of delinquency when compared to the rest of…
MicroFin sector gets access to core banking platform
REPRESENTATIVES OF microfinance institutions, MFIs, or MCIs, are to sit down with regulators in the coming days to chart a way forward, as the MFIs transition to a regulated environment under the Microcredit…
CIBC FirstCaribbean makes significant purchase of Barbados gov’t bonds
BRIDGETOWN, Barbados (CMC): CIBC FirstCaribbean said yesterday it is acquiring BDS$100 million (1 Barbados dollar=US$0.50 cents) in the Barbados Optional Savings Schem, BOSS, Plus investment instrument that officials say represents the return of…
MicroFin sector gets access to core banking platform
REPRESENTATIVES OF microfinance institutions, MFIs, or MCIs, are to sit down with regulators in the coming days to chart a way forward, as the MFIs transition to a regulated environment under the Microcredit…
CIBC FirstCaribbean makes significant purchase of Barbados gov’t bonds
BRIDGETOWN, Barbados (CMC): CIBC FirstCaribbean said yesterday it is acquiring BDS$100 million (1 Barbados dollar=US$0.50 cents) in the Barbados Optional Savings Schem, BOSS, Plus investment instrument that officials say represents the return of…
Cedric Stephens | Risks and insurance
TWO WOMEN contacted me last week about their motor insurance claims. One is a small business operator. She lives in the capital of a mid-island parish. Her route taxi was destroyed in a…
Entrepreneurial activity falls below 2017 levels
STAGING A comeback after five years, the 2021-2022 Global Entrepreneurship Monitor (GEM) Report, released in March 2023, shows significant changes in the entrepreneurial ecosystem in Jamaica. The report indicates that Jamaica’s early-stage Total…
IronRock profits shaved
Business Reporter DESPITE RAKING in record premiums for the financial year ended December 2022, Junior Market-listed insurance company IronRock only managed less than a half of the profit earned in 2021. Gross premiums…