CIBC Caribbean will close its Bahamas call centre and relocate the one in Jamaica to Kingston amid plans to reshape all its call centre operations into a “digital branch”. The banking group also…
Category: Business & Economy
Barita sees bright spots in the market, to buy into NCB APO
Securities dealer Barita Investments Limited has said it is among the investors looking to score shares in NCB Financial Group Limited, NCBFG, under the banking conglomerate’s additional public offering of shares that will…
Seprod investing US$6m in beverage factory upgrade
Seprod Limited will spend nearly $1 billion to upgrade its beverage facility in Bog Walk, St Catherine. It will allow the company to meet rising demand for the Swizzle, Cool Fruit, Monster Milk…
Using AI, Mastercard aims to detect and safeguard compromised cards quicker
Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. In…
Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals
NEW YORK (AP) — Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands…
Canopy Insurance makes its first yearly profit
Canopy Insurance Limited made a yearly profit for the first time since it started operations, its newly released financial results show. The health and life insurance company made $39 million profit at year…
BOJ adds Iran to inflation risks
Bank of Jamaica Governor Richard Byles says the untimely death of the Iranian president has added another layer of geopolitical tensions which could impact inflation and reductions in interest rates. “We are concerned…
Iranian helicopter crash could reverberate around the Mideast
The helicopter crash in which Iranian President Ebrahim Raisi, the country’s foreign minister and other officials were killed is likely to reverberate across the Middle East, where Iran’s influence runs wide and deep….
Carilend ownership shifts from VMIL to VM Financial
The ownership of Carilend has shifted from VM Investments Limited to VM Financial Group. No details of the transaction were disclosed, but VM Investments referred to it as a ‘strategic sale’ of its…
Omni going after more exports
PVC pipe maker Omni Industries Limited, which aims to list on the Jamaica Stock Exchange, JSE, announced plans to increase exports to one-fifth of total sales, or $400 million, within two years. “Today,…