Having investigated electronic banking fraud in all its forms for years, Dane Nicholson is predicting another type of fraud by cyberscammers, referred to as “triangulation”, saying it will grow in significance in Jamaica…
Category: Business & Economy
Paymaster working with BOJ to restore remittance licence
Digicel Limited, which owns Paymaster Jamaica Limited, plans to work with the regulator to restore remittance services after uncovering a breach in its record keeping. Its licence was suspended by the central bank…
RA Williams aiming for $2b valuation through IPO
RA Williams Distributors Limited, which sells medicines, plans to raise $400 million this month through an initial public offering of shares on the junior market of the Jamaica Stock Exchange, JSE, priced at…
Jamaica’s FDI flows continue to recover
Flows of foreign direct investment into Jamaica, especially in the areas of tourism, and outsourcing and information technology, have grown to their highest level since the pandemic, when the flows were decimated amid…
The Bridge radio station up for sale
After débuting on air with much fanfare nearly three years ago, radio station The Bridge 99 FM is facing an uncertain future and is now up for sale. Two investors in The Bridge,…
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes
Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, the United States Department of Justice, DOJ,said late Sunday, after the government…
Beryl not bad enough to trigger catastrophe bond
The catastrophe bond that Jamaica floated recently on the international market won’t help it in its disaster-recovery efforts. Although the bond was designed to provide financial protection for the issuer in the event…
Air and sea ports getting back to business
Kingston Wharves Limited, KWL, and Norman Manley International Airport, two of the prime ports that handle cargo, were getting back to normal on Friday, following the passage of Hurricane Beryl. That said, Kingston…
Businesses, markets resuming operations quickly after Beryl
Several large businesses that supply the goods and services that Jamaicans consume daily were in the process of resuming normal operations on Thursday after Jamaica’s brush with Hurricane Beryl. But not everyone was…
Large distributors raring to go, but some clients still recovering
Seprod Group, a large manufacturer and distributor of food items, was back in operation on Thursday, having withstood the wrath of Hurricane Beryl with minimal disruption due to the precautionary steps taken by…