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FirstCaribbean International Bank rebranding to CIBC

By |2023-11-02T13:16:30+00:00November 2nd, 2023|news|

CIBC FirstCaribbean (Photo: Garfield Robinson) CIBC FirstCaribbean International Bank Limited (CIBC FCIB) is planning to rebrand its business to that of its Canadian parent company in the coming financial year (FY) at a time when it is exiting the Dutch Caribbean. CIBC FCIB will adopt the name of its parent and be known as CIBC [...]

Shareholders pave way for NCBFG APO

By |2023-11-02T13:09:39+00:00November 2nd, 2023|news|

CB Financial Group received approval from its shareholders for an APO. Shareholders of NCB Financial Group Limited (NCBFG) approved all three resolutions at its extraordinary general meeting on Tuesday as the financial conglomerate moves to raise billions in new capital to reduce debt and further bolster its capital. The company can now approach regulators and [...]

s ‘It’s an absolute urgency’

By |2023-11-02T13:01:47+00:00November 2nd, 2023|news|

CHAIRMAN of the Margaritaville Caribbean Group Ian Dear said the country will have to soon act with "absolute urgency" to address a tightening labour market with imported labour, particularly for entities operating in the hospitality sector, if the recent boom in the tourism industry is to be sustained. Dear, however, added that all avenues to [...]

Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says

By |2023-10-31T08:51:38+00:00October 31st, 2023|news|

WASHINGTON (AP) — The World Bank reported Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies, which could result in increased food prices worldwide. The World Bank’s Commodity Markets Outlook found that while the effects on oil prices should be limited if the conflict doesn’t widen, [...]

Crime-wary Jamaica sees confidence drops

By |2023-10-31T08:46:12+00:00October 31st, 2023|news|

CONFIDENCE in the economic prospects of the country remained stable amongst business leaders and consumers, but a majority cite crime as a red flag for the nation's economic outlook. The findings were released in the Jamaica Chamber of Commerce (JCC) Business & Consumer Indices for the third quarter of 2023 under the theme 'Business in [...]

Business social

By |2023-10-31T08:36:58+00:00October 31st, 2023|news|

Jamaica Pegasus hotel in New Kingston, St Andrew, came alive on Wednesday, October 25, 2023 as who's who in Jamaican business and politics came together to celebrate with businessman Howard Mitchell at the 29th Private Sector Organisation of Jamaica (PSOJ) Hall of Fame Banquet where he was inducted into the PSOJ Hall of Fame. Mitchell [...]

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