Caribbean

NCB looking to raise USD $300 million on the international market

National Commercial Bank Jamaica (NCBJ), plans to bring US$300 million up in new obligations on the global market, to be gotten by future receipts from two worldwide card organizations. NCBJ has used the financing structure for a long time, bringing...

iCreate Limited steadily grows profits as the company looks to expand

iCreate income for the subsequent quarter (April to June) improved by 123% to $34.50 million emerging from a blend of new business clients alongside existing open doors in its pipeline which was shut during the period. They bought a majority...

Sagicor X Fund outperforms last year’s numbers

The Sagicor real estate and hospitality venture vehicle Sagicor Real Estate X Fund Limited is revealing better monetary execution from January to June, with a net benefit of $110 million, a circle back from its more than $47-million deficit...

KingTaz: A ‘Reggae Icon’ in the making

KingTaz, given name Kemar Russell, is a Jamaican native and reggae musician. He hales from Ocho Rios Saint Ann in a district called Exchange. He is well-known in his community and loved by most if not all. He has...

Dolla Financial sends takeover bid to Access Financial

Dolla Financial Services Limited (DOLLA) has shown keen interest in Access Financial Limited (AFS), reports are coming out that a letter was sent to Access Financial's board of directors which suggests a takeover bid is insights from Dolla. These two...

FosRich expands amid a profitable first half of 2022

FosRich Company Limited (FOSRICH) had an excellent first half of this year, 2022. Net profit grew 160 percent to $298 million from a revenue stream of $1.8 billion. The key drivers for growth came from the solar business, LED,...

Blue Valley Foods: Steadily Growing Into A Household Jamaican Name

Michael Kerr, Founder and Managing Director of Blue Valley Foods is another entrepreneur steadily creating a household brand in Jamaica. Blue Valley Foods is a banana chips manufacturing company that was registered in July 2020. Given the time that he...

Access Financial gets approval to provide microcredit services

Access Financial Services Limited (AFS) has been given the green light from the Bank of Jamaica (BOJ) to operate as a microfinance institution. This license also ensures that Access Financial Services will operate under the Microcredit Act, 2021, and...

JMMB group pushes further into the Dominican Republic market with Banco Multiple Bell Bank SA purchase

JMMB Holding Company has been given the green light to make a strategic purchase of Banco Múltiple Bell Bank, S.A. in the Dominican Republic. Additionally, within this deal, that bank will be able to merge with Banco Ahorro y...

VMIL sees a 39 percent increase in Q2 profit despite challenges

Victoria Mutual Investments Limited (VMIL), as it keeps on exploring different changes in the nearby and worldwide climate, for its subsequent quarter finished June posted expanded benefits of $242.5 million â€" 39 percent over that of a similar period...
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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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