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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...

FTX declares bankruptcy after a week of drama

The once-third-biggest crypto platform FTX has tumbled from glory in the previous week and has now reported it petitioned for chapter 11 in the U.S. FTX President and organizer Sam Bankman-Fried has left his job, and Enron circle back veteran...

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...

Meta cuts 11,000 jobs as challenges continue to plague the company

Mark Zuckerberg has reported that Meta will lay off 11,000 of its representatives - - an expected 13% of its labor force - - and will likewise be taking "some extra moves toward becoming a less fatty and more...

Binance scraps plan to bail out FTX

Binance is now backtracking on the proposal they had made yesterday to save FTX from financial ruin in a white knight move to save the company. A spokesperson for the company came out and clear the air as to what...

MFS Capital Partners sees a positive quarter under new management

MFS Capital Partners Limited (MFS), formerly known as SSL Venture Capital Limited, has achieved a profitable quarter from a series of prior consecutive losses when it was battling to stay afloat due to consecutive quarters of losses. MFS Capital...

Binance is on the verge of bailing out FTX from collapse with a potential takeover

Binance, the world’s largest crypto exchange is on the verge of acquiring FTX potentially saving the company and the crypto industry from a collapse on levels we have not seen. FTX has been experiencing challenges in the market over...

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...
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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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