FirstCaribbean International Bank Limited’s (FCIB) sale of its St Kitts operation has fallen through as the Eastern Caribbean Central Bank (ECCB) decided not to grant final approval for the transaction. FCIB had announced…
Category: Business & Economy
SRF deploy billions in investments and looks to exit projects
Sygnus Real Estate Finance Limited (SRF) up to the half-year mark or six-month period ended February said it has deployed over $2 billion in investment commitments, almost doubling the $1.05 billion recorded for…
itel mulls local expansion
Demand for more Jamaican agents is forcing global services provider itel to consider expansion outside of the Corporate Area and the Montego Freeport — the latter being where the company has its headquarters….
Container homes for sale
Kingston Logistics Centre Limited (KLC) has demonstrated yet another innovative way it uses shipping containers with the introduction of pre-fabricated container homes which are now available for sale. On Wednesday the company launched…
AIS makes digitalisation push in wider Caribbean
DIRECTOR OF Health Applications at Advanced Integrated Systems (AIS), Shekar Sanumpudi, indicates that the company is targeting a growing healthcare technology market within the wider Caribbean. Already, the company’s Provider Access System (PAS)…
US trade rep seeks close economic security ties in Asia
TOKYO (AP): THE UNITED States (US) hopes to deepen trade ties with Japan as it fortifies cooperation on economic security with its Asian allies and partners, the top United States trade envoy said…
Sale approval for Mystic Mountain expected soon
A MEETING in the Supreme Court next week is expected to see approval secured for a purchaser for Mystic Mountain Limited, MML, the Jamaican attraction which has been placed in bankruptcy, and for…
Auditors reclassify MPC profit as loss
MPC CARIBBEAN Clean Energy booked its largest audited net loss while extending its convertible debt load for another three years. The company’s outlook remains positive despite the 2022 setbacks. The unaudited US$700,700 net…
BOJ promises updated projections
THE BANK of Jamaica (BOJ) says it will, in short order, update its projections for the economy, following new data released by the Statistical Institute of Jamaica (Statin) which shows that annual inflation…
Dow lower as Goldman, J&J decline
NEW YORK (AP): WALL STREET drifted yesterday following a mixed set of earnings results from big companies and a stronger-than-expected report from the world’s second-largest economy. The S…