April 5, 2023 In Wednesday’s trading session the following reflects the movement of the JSE Indices: • The JSE Index declined by 1,159.46 points (0.35%) to close at 330,217.61 points and the volume…
Category: Business & Economy
Tourism start-ups pitching to ‘sharks’
THE GOVERNMENT plans to host a ‘Shark Tank’-style pitch room to evaluate its ongoing tourism incubator participants. “At ‘Shark Tank’, entrepreneurs can have one of two results: The entrepreneur can be chosen by…
Bank fraud dips
THE VALUE of bank fraud dipped to roughly $700 million in 2022, the lowest in five years, according to the Bank of Jamaica, BOJ, in its recent Financial Stability Report 2022. Local banks…
FCJ bullish on new Portmore development
FACTORIES CORPORATION of Jamaica, FCJ, is treading softly with its planned, expanded commercial park in Naggo Head, Portmore, waiting for the last two months for approval from Cabinet before disclosing costs for the…
Cornerstone’s roots deepen among Ja’s top tier
THE PRIVATELY held Cornerstone Group, which recently received the greenlight from the central bank to reorganise into, and seek a licence as, a financial holding company, has valued itself just shy of US$1…
US chip controls threaten China’s technology ambitions
BEIJING (AP): FURIOUS AT US efforts that cut off access to technology to make advanced computer chips, China’s leaders appear to be struggling to figure out how to retaliate without hurting their own…
Health shock
UNITED KINGDOM (UK) health services provider Cambridge University Hospitals has been seeking to recruit registered nurses and midwives for full-time, qualified nursing positions in all clinical areas across the hospital, with a fresh…
CAC 2000 strikes partnerships to fix losses
FACED WITH a first quarter loss and peaks and troughs in its revenue flows, air conditioning company, CAC 2000 Limited, has struck a deal with Real Marketing out of Trinidad and Tobago to…
TikTok fined $15.9m by UK watchdog over misuse of kids’ data
LONDON (AP): BRITAIN’S PRIVACY watchdog hit TikTok with a multimillion-dollar penalty yesterday for misusing children’s data and violating other protections for young users’ personal information. The Information Commissioner’s Office said it issued…
Digital payback
GRACEKENNEDY, the Jamaican conglomerate whose businesses span supermarkets to financial services, has invested more than a J$1 billion in the digitisation of its services over the last three years, which, according to its…