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…
Category: Business & Economy
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…
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…