The Jamaican dollar continues its slide against the American dollar in 2021, declining by approximately $10.74 or 7.44 per cent relative to the $144.41 reported as at December 2020. In addition, the Jamaican dollar depreciated by as much as $1.16 in December 2021 to close the month at an average of $155.15 relative to the […]
As digital assets and digital currencies become more prevalent across the globe, NCB Capital Markets Ltd said it is preparing to offer those products and services to Jamaican investors as well. Speaking at a recent Jamaica Observer Business Forum, executives from NCB Capital Markets said the company is keeping a close watch on the international […]
The International Monetary Fund, IMF, is downgrading its forecast for the world economy this year, citing the spread of COVID-19’s omicron variant, higher energy prices, an uptick in inflation and a deteriorating outlook for the world’s two biggest economies – the United States and China. The 190-country lending agency now forecasts the global economy will […]
JMMB Bank has struck a US$20-million loan agreement with Development Finance Institute Canada, or FinDev, the first in a series of funding initiatives the bank will embark on this year to grow loans to entrepreneurs operating small and medium-sized businesses. The rate at which JMMB Bank will on-lend the funds will be determined by the […]
KINGSTON, Jamaica— More young Jamaicans are being trained and certified as youth famers through the Jamaica 4-H Clubs, in partnership with HEART/NSTA Trust. Executive Director, Jamaica 4-H Clubs, Dr Ronald Blake, said the programme was developed to meet the growing demand for certification by youth farmers. “The Jamaica 4-H Clubs has always been certifying our […]
Alliance Financial Services Limited, AFSL, has failed in its bid to have the suspension of its cambio and remittance licences lifted while it fights the action taken by the central bank in court. The Bank of Jamaica, BOJ, suspended the licences in early December, following criminal charges and allegations of contravention of banking laws against […]
GraceKennedy Limited is working through details of the announced employee stock ownership plan, ESOP, but intends to share full information about the centenary gift with its more than 2,000-member workforce within the next few weeks, before advising regulators and stakeholders. The food and financial conglomerate’s announced share offer is one of several initiatives and events […]
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F irst, Amazon competed with malls. Now, it’s moving inside one. The online retailing giant said Thursday that it plans to open a clothing store in a Southern California mall later this year. It’s the latest foray into brick-and-mortar for Amazon, which already sells more than 10 per cent of all clothes in the United […]
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