News & Events

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/

Malaysia’s Sunway Healthcare made a strong debut on the stock market, with its shares jumping 28% on the first day after raising $732 million in the country’s biggest IPO in nearly a decade. The stock opened above its offer price and closed significantly higher, reflecting strong investor demand.

The company is one of Malaysia’s leading private healthcare providers, which operates major hospitals, including Sunway Medical Centre in Kuala Lumpur. Its successful listing has helped Malaysia lead Southeast Asia in IPO proceeds this quarter.

The strong performance stands out against a mixed trend in other Asian markets, where some recent listings have struggled due to global uncertainties.

Read the original article here: https://www.msn.com/en-us/money/other/sunway-healthcare-jumps-28-on-debut-after-malaysias-biggest-ipo-in-almost-a-decade/ar-AA1YTGwO?ocid=BingNewsVerp