Caribbean Business Reports

Finance

NCB to raise US$175 million

National Commercial Bank Jamaica Limited aims to raise US$175 million by way of the securitisation...

Sep 23 | BY

Energy

Tropical Battery IPO closes early due to oversubscription

Lead broker and arranger for Tropical Battery Company Limited’s initial public offering (IPO), NCB Capital...

Sep 23 | BY Josimar Scott

Tourism

No tourism turnaround coming soon, says Antigua’s tourism association

Antigua and Barbuda’s tourism industry will continue to be severely impacted by the coronavirus (COVID-19)...

Sep 23 | BY Paul Allen

Retail

Nike shakes off pandemic blues with surging online sales

Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven...

Sep 23 | BY

Automotive

8 more charged in Volkswagen diesel scandal

German prosecutors said Wednesday they have filed charges against eight more Volkswagen employees accused of...

Sep 23 | BY

The Art of Living

Thousands benefit as United Way completes PSOJ’s COVID-19 respose

What does it take to raise nearly J$200 million and distribute thousands of food packages...

Sep 23 | BY

Production

Jamaica’s chicken shortage to end as market steadies, Levy

Jamaica Broilers Group (JBG) says balance is returning to the chicken market following shortages which...

Sep 23 | BY

Health

Amazon offers US$500 ‘Prime Bike’, encroaching on Peloton’s niche

Amazon.com Inc launched a “Prime Bike” on Tuesday, a bid to compete with an array...

Sep 22 | BY

Finance

NCB sees 16% slowdown in credit card receivables — Fitch

Credit card receivables at National Commercial Bank (NCB) have fallen by 16 per cent in...

Sep 22 | BY

Travel

Caricom ‘travel bubble’ now in effect

The Caribbean Community (Caricom) has begun operating a regional ‘travel bubble’ as part of efforts...

Sep 22 | BY

Health

Jamaican Gov’t extends islandwide curfew until October 7

The Government of Jamaica has extended the islandwide curfew for an additional two weeks, now...

Sep 22 | BY Paul Allen

Energy

Wigton eyes more local renewables, regional expansion

Wigton Wind Farm Limited is forging ahead with expansion plans even as the business of...

Sep 22 | BY

Health

IDB US$100-M loan to improve health care of NCD patients in Jamaica

The Inter-American Development Bank (IDB) yesterday approved a policy-based loan of US$100 million to support...

Sep 22 | BY Josimar Scott

Trade

Jamaica’s SOS on the lookout for new Caricom export markets

After having a stellar year of growth in 2019, which included an increase in its...

Sep 21 | BY Josimar Scott

Finance

Sagicor Bank Jamaica launches online account opening portal

In a direct response to market demands for alternate channels to open new accounts, Sagicor...

Sep 21 | BY Josimar Scott

Education

Pandemic will affect future earnings of children — IDB

Closure of pre-primary schools for a period of six months or longer could result in...

Sep 21 | BY

Manufacturing

Seprod revenues up 12% as group looks to expand exports

The Seprod Group achieved revenues of J$18.61 billion from continuing operations for the six months...

Sep 21 | BY

Education

CDB, UWI sign deal to showcase new Standby Facility

The Caribbean Development Bank and The University of the West Indies have entered an agreement...

Sep 21 | BY Josimar Scott

Investment

Barita upsizes to JM$13.5 billion in additional public offer

Barita Investments Limited (BIL) indicates that the company will issue 260,599,830 shares as it upsizes...

Sep 21 | BY

Retail

LVMH submits US$16-B Tiffany Deal for European approval

LVMH said that it has submitted its proposed US$16-billion deal to buy Tiffany & Co to

Sep 18 | BY