Business

StartUp Robot — kicking manual start-up processes to the curb

CEO of StartUp Robot Winston Wilkins at the StartUp Jamaica location based
at the Jamaica National Building Society on Duke Street, Kingston. (PHOTO:
MICHAEL GORDON)

CHIEF Executive Officer of technology-based company StartUp Robot Winston Wilkins hopes to revolutionise the process of registering a company in Jamaica. The 37-year-old has embarked on a programme that streamlines the process of registering a new company as well as facilitating business compliance ... Read More

The Caribbean Cement
Company in Rockfort
near Kingston. CCC upbeat on economy as profits soar
Caribbean Cement Company (CCC), whose fortunes are tied to construction prospects, remains optimisti ... Read More

BYLES... Jamaica should be granted a waiver
on the performance of the primary surplus EPOC wants IMF to grant a waiver on primary surplus shortfall
THE Economic Programme Oversight Committee (EPOC) wants the International Monetary Fund (IMF) team ... Read More

Coffee plants in
the Blue
Mountains. Mavis Bank fire could cause $120m in coffee losses
THE recent fire in the Mavis Bank area of St Andrew could cause a potential loss of $120 million fro ... Read More

A short-lived amnesty from the Companies Office of Jamaica

Wednesday, May 06, 2015    

There were 86,994 companies on the Companies Register in
December 2014.

THE Companies Office of Jamaica (COJ) recently announced an amnesty programmme for outstanding Annual Returns and applications for removal of companies from the Register of Companies. The amnesty will run for just over eight weeks commencing on May 4, 2015 and ending on June 30, 2015. The Amnesty takes the form of: 1. A reduction in filing fees for Annual Returns that would otherwise be payable. For-profit companies will be allowed to file Annual Returns at a reduced cost of $3,000 each whil ... Read More

Diversify, diversify, diversify

Wednesday, May 06, 2015    

Market vendors understand the
importance of diversification.

EVEN if you are a neophyte at investing, you may already know one of the most important principles of smart investing. The principle -- diversification -- is learnt through many of our real-life experiences that have nothing to do with the financial markets. The reality is that diversification is just a fancy word for the well-known warning, "Don't put all your eggs in one basket." This simple concept may be observed almost everywhere. Take a vendor at the market, for example. Instead of dri ... Read More

The power of the ambient video background and web forms that work

Wednesday, May 06, 2015    

A selection of
web pages.

OVER the last few years we have seen the emergence of video backgrounds slowly making their debut. However, in 2015 it seems that this trend will really start to make its mark. Let's face it, we are living in a now generation and there is no better way to grab someones attention than to bring them straight into the action at the first hello. There are a few pretty obvious advantages to using ambient video backgrounds on the home page of your website. A stunning video will catch your users atten ... Read More

Marley Coffee settles lawsuit with former CEO

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, May 06, 2015    

Chairman and director of
US-based Marley Coffee
Rohan Marley

THE US-based Marley Coffee, partially owned by Rohan Marley, the entrepreneurial son of the late reggae legend Bob Marley, has settled a lawsuit with its former chief executive officer (CEO) and former second largest shareholder, Shane Whittle. The company, which sells Jamaica Blue Mountain and other coffees, also announced plans to grow revenues to US$17 million (J$1.8 b) in the 2016 financial year amid hitting previous growth targets. The company settled the suit in March for some US$80,000 ... Read More

Bank fees continued to increase in 2014

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, May 06, 2015    

CIBC First Caribbean on Knutsford Boulevard in New Kingston.

JAMAICANS making withdrawals and late credit card payments received the bulk of higher bank fees in 2014, according to just-released data. Commercial banks mostly kept fees stable year-over-year -- but those that increased usually ranged between 10 and 33 per cent. However, some odd fees jumped well beyond 100 per cent, according to the spreadsheet entitled, "The Commercial Banks Schedule of Fees and Charges as at 31 December 2014." It was published this month by the Bank of Jamaica (BOJ), whic ... Read More

HSBC bank logs higher profits amid probes

Wednesday, May 06, 2015    

HSBC bank

LONDON, United Kingdom (AFP) — Scandal-hit global bank HSBC on Tuesday posted rising quarterly profits, but added regulators have requested more information about its controversial Swiss division. Earnings after tax climbed to US$5.26 billion (4.75 billion euros) in the three months to the end of March, compared with US$5.21 billion a year earlier, the Asia-focused bank reported in a results statement. Pretax profits advanced 4.4 per cent to US$7.1 billion in the same period. That sent H ... Read More

The fair use dimension of copyright law

Wednesday, May 06, 2015    

The JIPO office on
Trafalgar Road in
Kingston.

IN this article we look at the key themes behind the fair use dimension of copyright law, including: (a) how fair use is addressed under the law in the US; (b) how fair use is addressed under the law of the European Union (EU); and (c) making a demonstrated judgement on which approach might be considered superior -- if at all. (a) Fair use in the US The Fair Use Doctrine in the US is codified, for the most part, in Title 17 of the United States Code (17 USC) Section 107 (§107). In these ... Read More

VW eyes return to 'calmer waters' after leadership battle

Wednesday, May 06, 2015    

BERLIN, Germany — In this March 12, 2015 file picture Volkswagen CEO Martin Winterkorn
poses for the media beside a GTE concept car prior to the company’s annual press conference in
Berlin, Germany. (PHOTO: AP)

HANOVER, Germany (AFP) -- Following a bitter power struggle in recent weeks, German auto giant Volkswagen is hoping to return to "calmer waters" and concentrate on its business of building cars, its chief executive Martin Winterkorn said yesterday. "The past couple of weeks have been eventful ones, to put it mildly," Winterkorn told shareholders at VW's annual meeting in the northern city of Hanover. "This is why it is good that we have now returned to calmer waters. That we have clarity about ... Read More

British markets bracing for post-election uncertainty

Wednesday, May 06, 2015    

LUTON, England — Britain’s Prime Minister David
Cameron prepares to board an aircraft at Luton airport
yesterday, before travelling to Newquay in south-west
England for a UK general election campaign event.
(PHOTO: AFP)

LONDON, United Kingdom (AP) — British financial markets could be headed for choppy waters after Thursday's general election, as investors face the prospect of it taking days — even weeks — to form a new government. In the past five weeks, investors have held off making big bets on an election that looks to be the most uncertain in decades -- the pound has edged above US$1.50 and stocks have risen modestly. More important for investors have been global factors like the pace of ... Read More

Pakistan inaugurates 100MW desert solar plant

Wednesday, May 06, 2015    

ISLAMABAD, Pakistan — In this Tuesday, April 21, 2015 Chinese President Xi Jinping, (right)
accompanied by Pakistani Prime Minister Nawaz Sharif (left) takes a carriage to meet with
Pakistani President Mamnoon Hussain in Islamabad, Pakistan. (PHOTO: XINHUA via AP)

BAHAWALPUR, Pakistan (AFP) — Pakistan yesterday inaugurated a 100-megawatt Chinese-built solar power plant, part of its efforts to battle its ever-increasing energy deficit. The plant is the first stage of a project that will eventually cover over 10,000 acres (4,000 hectares) of the central Cholistan desert and add 1,000 megawatts to the nation's electric grid, making it one of the biggest solar parks in the world. Pakistan faces an annual electricity shortfall of around 4,000 megawatts ... Read More



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