Investment bank, NCB Capital Markets Limited (NCBCM) has closed a bond offer for NCB Financial Group Limited (NCBFG), attracting $11.06 billion in subscriptions against an initial target of $6.80 billion — exceeding the…
Category: Business & Economy
Jamaica now has more Internet subscriptions than people, latest post-Melissa data reveals
The first official telecoms data released since Hurricane Melissa struck Jamaica last October reveals a sector with reduced fixed-line services, but with greater mobile broadband penetration than the population. It represents the first…
Digicel appoints former Telefónica officer as group chief business officer
Digicel Group announced on Monday the appointment of Salvador ‘Salva’ Hierrezuelo as group chief business officer. He brings more than 20 years of experience, and his position became effective on September 1. Hierrezuelo…
BNS flags rising Caribbean mortgage write-downs as parent posts record quarter
The Bank of Nova Scotia (Scotiabank) disclosed slightly higher mortgage impairments in the Caribbean during its July third-quarter on a sequential basis, even as the Canadian parent reported record earnings and revealed steps…
Social media companies are trying harder to know which users are kids
The Meta settlement – with protections the company says could become industry standards – will give the social media giant a year to refine its approach. But the options are limited, and improving…
Advantage General rebrands as Sagicor General Insurance Jamaica
Advantage General Insurance Company has officially rebranded as Sagicor General Insurance Jamaica Limited, bringing more than six decades of experience in Jamaica’s general insurance market under the Sagicor brand. The company became a…
Port Authority seeks design studies for mixed-use Port in St Thomas, marina in Hanover
The Port Authority of Jamaica (PAJ) has moved a step closer to developing two new ports at opposite ends of the island. The PAJ opened a competitive tender for engineering design studies covering…
One-quarter million square feet of BPO-outsourcing space hits market
More than 245,000 square feet of office space sits vacant, reflecting higher-than-usual inventory amid a downturn in the outsourcing sector. The vacant offices span Half-Way Tree Road, Mona Road, Grenada Way and Saxthorpe…
From tragedy to reform – The next frontier in road safety
On July 29, 2025, Jamaica lost Garfield Batts, a 59‑year‑old mechanical engineer, in a manner both sudden and profoundly preventable. His motor vehicle plunged off the roadway into the Rio Cobre River in…
The ‘Wait-and-See’ AI strategy
You have some doubts about your company’s approach to AI. The leadership team has decided to wait and see rather than move too fast. However, it’s been almost a year in which nothing…