分类： business

KINGSTON, Jamaica — The US dollar demonstrated a slight upward trend in its exchange rate against the Jamaican dollar on Thursday, October 2, closing at $161.34, a modest increase of 4 cents, as reported by the Bank of Jamaica’s daily trading summary. This incremental rise reflects ongoing fluctuations in the foreign exchange market. Concurrently, the Canadian dollar also experienced a notable uptick, ending the day at $117.23 compared to its previous close of $116.03. Similarly, the British pound edged higher, concluding the trading session at $217.17, up from $216.87. These movements underscore the dynamic nature of global currency markets and their impact on regional economies.

KINGSTON, Jamaica — In a strategic move to bolster its leadership team, the National Commercial Bank Jamaica Limited (NCBJ) has announced the promotion of Angus Young to the position of executive vice president, corporate and investment banking. Young, who will retain his role as CEO of NCB Capital Markets Limited, will now also oversee the bank’s corporate banking division. This consolidation aims to enhance client experiences and amplify the bank’s capacity to deliver scalable solutions.

In a groundbreaking move to bolster tourism and strengthen ties with Latin America, the Jamaica Tourist Board (JTB), in collaboration with Wingo Airlines, Corona, and Hyatt Hotels, welcomed two ‘mystery flights’ from Colombia to Sangster International Airport in Montego Bay on Thursday. This event marked the beginning of a new chapter in connectivity between Jamaica and Colombia.

Campari has unveiled a striking new bottle design, marking its first significant packaging overhaul in years. The revamped bottle features a sleek, modern silhouette with intricate engravings inspired by Milan’s iconic Duomo cathedral, blending the brand’s contemporary vision with its deep Italian heritage. Dominique Bell, communications manager at JWray & Nephew Limited, emphasized that this redesign is more than just a cosmetic update. ‘This new Campari bottle represents a lifestyle moment,’ Bell stated. ‘It’s bold, fresh, and transforms any space it enters. Campari has always dared to stand out in the entertainment scene, and this design amplifies that spirit. We believe it will spark confidence, inspire new connections, and reshape the way people experience Campari. This is a fresh drop for those who dare to be bold, different, and unapologetically themselves.’ The company confirmed that the product inside remains unchanged, and the redesign comes at no additional cost to consumers. Key features include a champagne-gold cap, an embossed Campari logo, and the founder’s signature. Bell explained that the redesign was driven by the need to modernize while staying true to the brand’s roots. ‘The iconic Milanese landmark, Il Duomo, inspired the bottle’s engraved detailing, a nod to the city that birthed Campari,’ she said. The updated packaging will be rolled out globally, with localized marketing campaigns in regions like Jamaica and the wider Caribbean. ‘This is a global initiative with local adaptations,’ Bell added. ‘Each element was chosen to root the brand in Milanese heritage while elevating its tactile, visual, and cultural appeal, solidifying Campari as a modern, sensual icon.’

In a significant move to support its agricultural sector, Ghana has announced a 12.3% increase in the price paid to cocoa farmers, raising the rate from 3,228.75 to 3,625 cedis ($257 to $289) per 64-kilogram bag, or 58,000 cedis per tonne. This adjustment, effective immediately, positions Ghana’s cocoa price at $4.5 per kilogram, closely trailing its neighbor and top global producer, Ivory Coast, which recently set a record price of 2,800 CFA ($5) per kilogram. The decision underscores the Ghanaian government’s commitment to ensuring farmers receive equitable compensation for their labor, according to Finance Minister Cassiel Ato Forson. This price hike follows a previous announcement in August 2025, which had already marked a 60% increase in dollar terms, though the cedi’s depreciation since then has somewhat diluted its impact. Price controls in Ghana, the world’s second-largest cocoa producer, aim to stabilize farmers’ incomes, particularly during market downturns. However, critics argue that these controls have failed to keep pace with global price surges, prompting some farmers to abandon cocoa farming for more lucrative ventures like gold mining, which has led to environmental degradation and further strained cocoa production. The Ghanaian government, under President John Mahama, has pledged to increase cocoa farmers’ share of export earnings to at least 70% of the Free-On-Board (FOB) value. Additionally, Forson announced ongoing support initiatives for farmers, including free fertilizers, pesticides, and spraying machines, as well as a new scholarship program for cocoa farmers’ children, set to begin in the 2026/27 academic year.