Mon | Jan 18, 2021

Business

An apparent increase in incidents of theft and cloning or attempted cloning of debit and credit cards sent to bank customers through the mail has led to commercial banks abandoning the Jamaica Postal Service as a method of delivering cards....

Banking conglomerate NCB Financial Group wants to expand its digital offerings fivefold within its Payment Services segment in three years. “By 2024, this segment aims to shift its end-to-end digital capabilities from 15 per cent to at least 80...

Traffic on Highway 2000 East West, which runs from Kingston to May Pen, dipped by 15 per cent, or 3.6 million vehicles, due to the dampening effects of the pandemic on travel and the economy. Highway operator TransJamaican Highway Limited tolled 20...

Beer maker Red Stripe Jamaica is pulling back from its farming venture, Project Grow, after five years, reducing both the acreages of cassava under its direct control as well as those farmed under contract, and has already shuttered three farms....

Ehave Inc, a North American listed company which offers magic mushroom and ketamine services, announced that it elected Jamaica’s Mark Croskery to the board of its new subsidiary, to focus on securing deals in Jamaica and the region. Both Ehave...

Beverage maker Trade Winds Citrus Limited is converting from bunker oil to liquefied natural gas as fuel source for the company’s steam generator plant, or boiler, and has hired New Fortress Energy to supply the LNG. Eventually, Trade Winds aims to...

Beverage maker and distributor Wisynco Group Limited, which has close to $6 billion in cash resources, is thinking of buying back some its shares from the market to get the stock price trending up again. The stock is currently trading within the $...

Jamaica’s potential oil reserves are now closer to tenfold the level of previous estimates, according to the latest detailed study, but the ministry in charge of energy argues that the findings are still preliminary and it’s therefore premature to...

Encrypted messaging apps Signal and Telegram are seeing huge upticks in downloads from Apple and Google’s app stores. Facebook-owned WhatsApp, by contrast, is seeing its growth decline following a fiasco that forced the company to clarify a...

China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to US$535 billion, one of the highest ever reported. Exports increased 3.6 per cent over 2019 to US...
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