Scotia Investments Jamaica Limited (SIJL) recently led the successful raise of approximately $250 million to refinance maturing preference shares for air-conditioning and energy solutions provider CAC 2000 Limited. Senior manager of investment banking…
Category: Business & Economy
To counter China, US trade rep seeks closer ties to allies
WASHINGTON (AP): THE JOE Biden administration is pressing its case for a new approach to global trade, arguing that America’s traditional reliance on promoting free trade pacts failed to anticipate China’s brass-knuckled brand…
Stocks dip, yields drop on latest signs of slowing economy
NEW YORK (AP): STOCKS WERE dipping on Wall Street yesterday, and Treasury yields were dropping following the latest signals that the United States economy is slowing under the weight of much higher interest…
Geophysx hunts rare earth minerals, outside partners
MINING START-UP Geophysx, which holds some 70 licences to explore for copper, zinc, gold, and rare earth minerals, will seek two partners to augment its new drilling projects. The partnerships will serve as…
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…
MSME President Wignall welcomes NCB’s Quick Biz Express loan
PRESIDENT OF of the Micro Small and Medium Enterprises, MSME, Alliance, Donovan Wignall, has welcomed National Commercial Bank’s, NCB, Quick Biz Express, the bank’s fully digital financing solution for pre-approved small and medium…
JSE COMBINED MARKET INDICES
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…
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…