Mon | Feb 24, 2020

Business


A branch of National Commercial Bank. The bank has partnered with Amber Group to launch a new mobile wallet called Amber Pay.

Tech company Amber Group Limited has partnered with National Commercial Bank Jamaica Limited, NCB, on a new mobile wallet called Amber Pay It will be NCBJ’s second mobile payment system; the other being Quisk, which has been on the market for two...

Cars pass through the toll point at Portmore along Highway 2000.

Jamaica has issued a five-year operations and maintenance contract for the Highway 2000 East-West corridor to French company Jamaica Infrastructure Operators, JIO, which will get a three per cent cut of revenues along with a monthly fee. JIO will...

Jamaica’s castor oil sector is barely earning from exports, and is seen as woefully underperforming its potential, but its producers are regrouping. Now, the four-year-old Castor Industry Association, JCIA, is awaiting final word on a $500-million...

The Jamaican Govern-ment has amended the highway concession agreement to waive any claim or right to compensation by TransJamaican Highway with respect to the widening of the Nelson Mandela Highway and the completion and commissioning of the North-...

J amaica’s central bank sealed over US$41.5 million ($5.8 billion) worth of currency swaps with banks and dealers, transactions that were introduced to address volatility in the foreign exchange market. The Bank of Jamaica’s, BOJ’s, overall...

Garfield Coke and his wife, Dawnet Coke have struck out on their own as brokers, through a new company called Exodus Insurance. The couple has pumped $30 million into the venture, Garfield said in an interview on Wednesday. The company operates...

Pharmacy operator Fontana Limited grew its profit by 20 per cent in the December 2019 quarter due to activity at its new Waterloo Square branch in Kingston. The outlook remains strong, both from the perspective of sales and purchases, according to...

Key Insurance Company directors voted to accept the takeover offer from the GraceKennedy conglomerate to acquire majority stake in the entity, albeit at a steep discount on the stock’s trading price. The GK offer, priced at $2.01 per share, was set...
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