Business

NCBFG subsidiary TFOB gets green light to target the remittance market

NCB subsidiary gets license approval to target the remittance market. This subsidiary TFOB (2021) Limited (The Future of Business), is solely focused on new technologies and is basically responsible for pushing NCB into the future of fintech. One of the...

CPJ saw a 32 percent jump in revenue

Caribbean Producers Jamaica (CPJ) has seen a 32 percent jump in revenue which comes in at US$33.06 million contrasted with US$25.02 million for a similar period last year. Simultaneously, the cost of working income rose by 35% to US$22.83 million...

GraceKennedy revenue up 12.2%

GraceKennedy Limited (GK) over the last three quarters has earned $107.4 billion in accumulated revenue, this is 12.2 percent higher than last year over the same period. Despite the increase in revenue, profit numbers were average across the business. Overall...

Wisynco had a record-breaking quarter for revenue

Wisynco, a major distribution company in the Jamaica and Caribbean region recorded its most successful quarter yet in terms of revenue numbers. For the quarter ending September 30, 2022, revenues came in at $11.9 billion, this is a 29.8 percent...

Lasco Financial Services saw a 17% jump in half year profits

Lasco Financial Services (LASF) has managed to eke out a 17% rise in profit during the half-year period for the company. The company recorded a net profit of $156.8 million which is $23.2 million more than what it had earned...

Access Financial sees a 26% dip in net profit

The company saw a 26 percent dip in net profit for the first 6 months of their business year ending September 2022. Net profit after tax amounted to $133 million JMD compared to $180 million for the same time a...

Mailpac looks to expand despite post-pandemic challenges

Courier company Mailpac Group Limited (MAILPAC) will be ramping up investments and introducing a new stream of services over the upcoming year. This comes off the backdrop of a slight decline in revenue. This was and still is largely...

Cari-Med has eyes set on a possible upcoming IPO

Leading pharmaceutical distributor Cari-Med has been in the early stages of possibly bringing the company public on the Jamaica Stock Exchange (JSE). One of the major reasons so far has already been hinted at by Chairman Glen Christian and it...

The rise of indie-tourism in Jamaica

Over the last 5 years, we have seen an acceleration of indie-tourism in Jamaica. This is mainly due to the internet and the fact that individuals from different walks of life in Jamaica can showcase their lifestyles by doing...

Elon Musk takes over Twitter in showmanship fashion

News broke out Thursday that Elon Musk has become the new owner of the enterprise, but rumors were swirling around for some time that the deal was in very advanced stages. One of his very first moves was to...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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