News & Events

Canada is introducing more flexible income rules for the parents and grandparents super visa, making it easier for families to qualify. The changes will take effect from March 31, 2026.

Under the updated system, sponsors will have new ways to meet the minimum income requirement needed to support visiting parents or grandparents. Previously, applicants had to meet the Low Income Cut-Off (LICO) based on a single tax year. They can now qualify by meeting the income threshold for either of the two most recent tax years.

In addition, part of the visiting parents’ or grandparents’ income can now be included to help meet the requirement, although the government has not yet specified the minimum portion the sponsor must cover.

The super visa allows parents and grandparents of Canadian citizens and permanent residents to visit Canada for up to 10 years, with stays of up to five years at a time.

Visit here for more: https://www.cicnews.com/2026/03/canada-eases-income-requirement-for-hosting-parents-and-grandparents-on-super-visa-0373315.html

CIBC Caribbean Bank is preparing to roll out AI-driven lending solutions in Jamaica, using artificial intelligence to automate credit decisions for unsecured personal loans and credit cards. This initiative forms part of the bank’s broader push to modernise operations through data, digital tools, and machine learning.

The new system aims to make lending faster and more personalised by eliminating many of the slow, manual steps in the traditional process. The bank has already made significant progress in this direction with digital onboarding, enhancements to its online banking platform, and a digital loan store that disbursed US$45 million in 2025. Today, approximately 80% of its clients across the Caribbean engage with digital channels, and roughly 95% of all transactions are conducted electronically.

CIBC Caribbean is also expanding its payments business. It plans to launch a new merchant-acquiring platform in Jamaica and introduce mobile POS solutions, allowing merchants to accept card payments directly on their smartphones.

Read the original article here: https://www.jamaicaobserver.com/2026/03/18/cibc-caribbean-leverage-ai-jamaica/#google_vignette

JSW Steel has taken a significant step to secure long-term coking coal supplies by launching the Minas de Revuboè (MdR) coking coal mining project in Mozambique’s Moatize coal basin, located in Tete Province.

This strategic backward integration move gives JSW Steel access to high-quality prime hard coking coal, a critical raw material for steel production, helping reduce dependency on volatile global markets and support cost optimisation.

The MdR project boasts substantial reserves: approximately 850 million tonnes total, with around 250 million tonnes of usable coking coal. JSW Steel plans phased development, with the first phase set for completion in about 2.5 years, targeting an initial production of 2.4 million tonnes per annum (mtpa) of premium hard coking coal.

The project aligns perfectly with JSW Steel’s ambitious growth plans, including its target to achieve 50 million tonnes per annum steelmaking capacity in India by 2030. By securing reliable, high-grade coking coal closer to home, JSW Steel aims to shield against price fluctuations, enhance supply chain security, and drive sustainable expansion in the steel industry.

Read the original article here: https://www.financialexpress.com/business/news/jsw-steel-to-develop-coking-coal-mine-in-mozambique/4172988/