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.
分类: business
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Angus Young promoted to executive VP of NCB corporate banking and investment
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.
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JTB and Wingo welcome first direct flights from Colombia to MoBay
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.
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Over 500 people interested in Grenada’s EC$5 million retail bond
Grenada has introduced a groundbreaking Retail Bond Programme designed to raise EC$5 million while making investment opportunities more accessible to its citizens. With a minimum investment threshold of EC$500—significantly lower than the traditional $5,000 requirement—the initiative aims to democratize wealth-building for first-time and small-scale investors. The government announced the programme on September 23, 2025, and within just eight days, over 500 individuals expressed interest in purchasing the bonds. Juletta Edinborough, a Fiscal Debt Specialist at the Eastern Caribbean Central Bank (ECCB), highlighted the remarkable response during the launch of Financial Information Month 2025, themed ‘Financial Investing: From Savers to Investors.’ Finance Minister Dennis Cornwall emphasized that the Retail Bond is tailored for everyday Grenadians, offering a safe, tax-free investment backed by the government. Key features of the bond include a two-year investment term, tax-free returns, and a focus on enhancing financial literacy. Interested individuals must pre-register through the Ministry of Finance’s website, with brokers engaging potential investors ahead of the auction scheduled for October 31. This initiative underscores Grenada’s commitment to inclusive economic growth and fostering a culture of financial responsibility.
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Royal Caribbean Unveils Colorful Ferry Fleet Ahead of Paradise Island Beach Club Launch
NASSAU, BAHAMAS — Royal Caribbean is set to make a splash with the introduction of a dynamic fleet of water ferries, designed to transport visitors to the eagerly awaited Royal Beach Club Paradise Island, slated for a December 2025 opening. The five bespoke ferries, managed by Bahamas Transport Logistics (BTL), a Bahamian-owned company, will serve as the initial touchpoint for cruise passengers heading to the new beach club. These vessels are engineered to blend efficiency with local culture, featuring lightweight aluminum hulls for seamless travel and vibrant, tropical-inspired designs. Philip Simon, President of Royal Caribbean Group Bahamas, emphasized the company’s commitment to delivering an exceptional, sustainable, and authentically Bahamian experience. The ferries, each named and colored after Bahamian wildlife — Flirty Flamingo (pink), Sassy Starfish (blue), Coral Calypso (orange), Twisted Turtle (green), and Lucky Lizard (turquoise) — are equipped with advanced navigation and propulsion systems, ensuring quick turnarounds while embodying the islands’ relaxed, fun-loving spirit. BTL’s involvement highlights Royal Caribbean’s dedication to centering Bahamians in the project, with the company overseeing daily operations and maintaining international safety and service standards. The ferry fleet is part of a broader initiative to infuse Bahamian culture into every facet of the Royal Beach Club Paradise Island experience, from food and entertainment to decor and staffing. This 2025 launch will mark Royal Caribbean’s first private beach club, combining the island’s natural allure with the cruise line’s renowned hospitality. As development progresses on Paradise Island, the ferry fleet’s debut is poised to herald a uniquely Bahamian welcome for the thousands of visitors anticipated upon the project’s official opening.
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Hubbard’s Motor launches GAC vehicle brand in Grenada
Hubbard’s Motor, a key player in the Auto Division of Goddard Enterprises Limited (GEL), has officially announced the launch of the globally acclaimed GAC vehicle brand in Grenada. This strategic partnership brings together GAC’s award-winning designs, cutting-edge technology, and Hubbard’s Motor’s longstanding reputation for reliability and service excellence. GAC, ranked #181 on the 2024 Fortune Global 500 and recognized by J.D. Power as the #1 Quality Chinese Brand for eight consecutive years, sold over 2 million vehicles worldwide in 2024. With international collaborations including Honda, Toyota, and Mitsubishi, GAC is now poised to transform Grenada’s automotive landscape. The initial lineup features the Emkoo, a futuristic SUV; the GS3 Emzoom, awarded Highest Quality Compact SUV in China; and the AION EV Series, honored as China’s Highest Quality Electric Vehicles in 2024. Each vehicle undergoes rigorous durability testing, and customers in Grenada will benefit from extensive warranties, including 7 years/250,000 km coverage for the Emkoo and Emzoom, and 8 years/160,000 km for the AION EV Series. Osmond Henry, General Manager of Hubbard’s Motor, emphasized that GAC’s exceptional design, performance, and safety standards, combined with Hubbard’s trusted after-sales service, will redefine the driving experience in Grenada. Christopher Dowden, Manager of Hubbard’s Motor, highlighted that this launch is not just about introducing new vehicles but shaping the future of mobility on the island. This collaboration ensures Grenadian drivers have access to world-class automotive solutions that blend innovation, reliability, and local expertise.
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More Americans are CBI-approved citizens of Grenada
The latest data from Grenada’s Investment Migration Agency (IMA), formerly known as the Citizenship by Investment (CBI) Unit, reveals a significant shift in the nationalities of new citizens approved under the program in 2025. In the second quarter, 12% of the 402 new CBI-approved citizens were US nationals, marking a notable increase from the first quarter, where only 1% of 632 approved citizens were from the United States. This surge positioned the US as the second-highest nationality, trailing behind China, which accounted for 10% of approvals, and surpassing Nigeria, which also represented 10%. This is the first time Nigeria has been displaced from its usual second-place ranking in the CBI program. Other nationalities approved during this period included Pakistan, the United Kingdom, the Philippines, and several African and Middle Eastern countries. As of the end of the second quarter, the program had approved 893 new citizens, generating EC$103.2 million in revenue, according to the Ministry of Finance’s June 2025 report. Thomas Anthony, CEO of the IMA, announced plans to expand the program’s marketing efforts in Africa, with a focus on West Africa. A team from the agency is set to tour the region in October 2025, building on recent engagements in Kenya, where over 100 individuals attended a promotional event in collaboration with the Nairobi Chamber of Commerce. Anthony emphasized Nigeria’s prominence in African applications and expressed optimism about extending the program’s reach to other African nations.



