CariCRIS upgrades its Corporate Credit Ratings for JMMB Group Limited

September 30, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by 1-notch the issuer/corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and…

CARICRIS REAFFIRMS ITS CREDIT RATINGS FOR DEVELOPMENT BANK OF JAMAICA LIMITED

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 9, 2022 The Development Bank of Jamaica Limited (DBJ) has been reaffirmed the assigned Issuer/Corporate Credit ratings at CariBBB+ (Foreign Currency Rating) and CariA- (Local…

This Jamaican designer is ready to Reve it up in the UK!

By: Staff Writer September 2, 2022 This Jamaican designer is Reve-ing it up in the Caribbean with a collective that boasts 35 artisans along with the launch of their own…

NCB FINANCIAL REPORTS $18.6BN NET PROFIT OVER LAST NINE MONTHS

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com August 5, 2022 NCB Financial Group is reporting an unaudited consolidated net profit of $25.9bn for the nine months ended June 30th, representing a $12bn increase…

JMMB posts US$78M net profit, marks 30-year anniversary.

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com July 29, 2022 JMMB Group posted a net profit of J$ 12.01bn representing a growth of 56 percent over the prior year. The group shared this…

CariCRIS assigns overall ‘good creditworthiness’ ratings to bond issue of up to US $160M of JMMB International Limited

June 28, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned an initial issue rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the up…

CARICRIS: Seprod’s ratings are good

June 28, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS), has reaffirmed the assigned corporate credit ratings of CariA- (Local Currency Rating) on the regional rating scale, and jmAA-…

Powertranz and Bluefin add support for MultiLink J.E.T.S. debit card in Jamaica

June 10, 2022 Bluefin, the leading provider of data and payment security technologies including PCI-validated point-to-point encryption (P2PE) solutions, and Powertranz, the local leader in Card Present gateway/payment processing for…

Black Culture T-shirts Company Adds African Pride Shirts & Hats That Uses Thought Provoking Words to Promote Black Excellence

May 31, 2022 Lex Pyerse Clothing announced this week the launch of several African and Caribbean inspired apparel that is meant to empower African and Caribbeans through freedom of expression. Lex Pyerse…

itel Celebrates Grand Opening of its New Site in Kingston, Jamaica

May 31, 2022 itel, an award-winning customer experience provider founded in Jamaica, celebrated the grand opening of its newest site located on Chalmers Avenue in Kingston with an event held on May 25. Next…

PROVEN Wealth Management looking for more opportunities in the Caribbean after US$20m Bahamas housing PPP!

By: Staff Writer May 17, 2022 A PROVEN regional financier said that they are looking for more opportunities around the Caribbean as they ink $20m deal in The Bahamas. Johann…

Jamaica’s SEPROD buys over TT distribution company A.S.Bryden

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com May 6, 2022 Jamaican based company, Seprod Limited, will acquire Trinidad and Tobago owned distribution company A.S. Bryden and Sons. The company announced an agreement had…