Business

Tech entrepreneurs head for training in Jordan

Three local start-up technology companies have been selected to benefit from a US$90,000 ($10.3 million)-investment and a trip to Jordan-based accelerator company Oasis500. Last year, Oasis500 inked a deal with the Government and the World Bank to invest up to US$30,000 in the tech entrepreneurs un ... Read More

The town of Mandeville from the Bloomfield Great House The Rent Assessment Board offers to mediate
Dear Claudienne, I have rented an apartment in Mandeville. My lease agreement says that when I dec ... Read More

LONDON, England — CEO of the London Stock Exchange (LSE) Xavier Rolet (left) and CEO of the
China Construction Bank Hu Zhanghong (third left), are pictured during the opening of the market
at the LSE on March 25. The LSE on Wednesday launched a product allowing small investors
exposure to Chinese bond markets in the local currency, building on the British capital's status as
a global financial hub. (PHOTO: AFP) A lesson in contingent convertible bonds (COCOs)
IN recent times, banks across the world have been issuing new types of financial instruments. This t ... Read More

LOPEZ-SPENCE... We are always looking to improve the way
you do buisness. SBAJ wants more lending options
Small Business Association of Jamaica (SBAJ) president Hugh Johnson called on banks to offer more in ... Read More

Howard Mollison now GM for Petrojam

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Sunday, March 29, 2015    

Career Ladder

Howard Mollison, chairman of the Jamaica Mortgage Bank (JMB), is now general manager for Petrojam under a two-year contract. Mollison has been chairman of JMB since March 2012, according to his LinkedIn profile. He worked at Cable and Wireless (LIME) for a total of 13 years, where he was vice-president of service delivery. Prior to LIME, Mollison held senior management positions at Soft Sheen Products, where he was a regional sales manager, and at PA Benjamin. Mollison has served on several ... Read More

The MBA Forum Principles of Management Part 4

Sunday, March 29, 2015    

"The conventional definition of management is getting work done through people, but real management is developing people through work." - Agha Hasan Abedi It seems we cannot stop reviewing the Principles of Management, and we are now at the fourth installment. I cannot overemphasise the important role that managers play. When I was much younger, I used to wonder why it was that managers got so much more pay than the line staff -- who did all the work! It did not seem fair to me at the time. Gr ... Read More

Liqy Liqy — from mango passion to stinking toe

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, March 29, 2015    

Palmer shows off some of her products at her home-based factory in Williamsfield, Manchester

MANCHESTER-BASED education officer Sasha Palmer is carving out a niche with the launch of her popsicle company Liqy Liqy. In August last year, the young entrepreneur decided to convert a section of her home into a manufacturing outlet and started the production of natural fruit-flavoured popsicles, including a diabetic line. "My job as education officer meant that I had to travel to many schools, and after seeing how the children were wasting the fruits, I thought about using them to create he ... Read More

Correction

Sunday, March 29, 2015    

Keith Collister's column last Friday, headlined 'How to apply Lee Kaun Yew's 'Hard Truths' to Jamaica', incorrectly stated that the key strategic investor in the concession agreement between the Jamaican Government and Terminal Link CMA CGM for Kingston Container Terminal appears to be China Harbour. China Harbour Engineering Company has stated that it is not a part of the Terminal Link CMA CGM consortium. We regret the error. Read More

'Champs' beef up business for local hoteliers

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, March 27, 2015    

Boys’ 800-metre race at the National Stadium on Wednesday.
(PHOTO: BRYAN CUMMINGS)

THE ISSA/GraceKennedy Boys' and Girls' Athletics Championships have improved the business environment for a number of local hoteliers. The five-day track meet, which is hailed as one of the greatest inter-secondary school track and field competitions worldwide, has garnered the attention of many locals along with international supporters. "Many of the guests at this time are from overseas," Christopher Jarrett, owner of Altamont Court Hotel and Kingston chairman for the Jamaica Hotel and Touri ... Read More

Jamaican animators shouldn’t migrate

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, March 27, 2015    

STATE Minister of Technology Julian Robinson wants animators to set up studios rather than contribute to the brain drain. "We want to encourage people like you with the creativity and the talent to stay here. Because we cannot build a society if everyone migrates," he said. Salaries are higher overseas, but outsourcing opportunities are worth millions of US dollars, added Kevin Jackson, president of the Jamaica Animation Nation Network. "We are well aware that it is easier for you with those ... Read More

Remittance flows up by 5.6%

Friday, March 27, 2015    

Customers at a Western Union outlet in Kingston.

Business reporter jacksons@jamaicaobserver.com JAMAICA recorded its third-consecutive year of increased remittances since the Western financial crisis, due to flows from overseas workers, the Bank of Jamaica (BOJ) reasoned. The island's net remittances totaled US$1.92 billion in the 2014 calendar year, or 5.6 per cent higher than a year earlier. "For the leisure and hospitality sectors, increased earnings driven by an expansion in the number of reported jobs held within this sector may have ... Read More

FOREX: J$115.07 to one US dollar

Friday, March 27, 2015 5:11 PM    

KINGSTON, Jamaica – The US dollar on Friday, March 27, ended trading at J$115.07, down four cents according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended training at J$91.85 down from J$91.93, while the British pound sterling ended trading at J$170.99 down from J$171.39. Read More

Hylton expects FDI to rise even more

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, March 27, 2015    

HYLTON... Jamaica is taking the
necessary steps to improve the
business environment

Minister of Industry, Investment and Commerce Anthony Hylton expects foreign direct investment (FDI) -- already on a five-year high -- to grow even more. The projection would increase FDIs towards pre-Western financial crisis levels. "I am confident that the FDI flows will continue on this upward trajectory based on the high investor interest, our improved ranking in the various business and competitiveness indices, the staging of the Jamaica Investment Forum and upcoming legislation to make t ... Read More

February brings fourth straight month of deflation — Easter likely to reverse trend

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, March 27, 2015    

The Bank of Jamaica building in downtown Kingston

JAMAICA recorded its fourth straight month of deflation in February influenced by oil price reductions, according to data from the Statistical Institute of Jamaica (STATIN) and Bank of Jamaica (BOJ). However, expect higher prices at Easter. February recorded a 0.7 per cent decline in the All Jamaica 'All Divisions' Consumer Price Index. "The main contributor to the decline was the 3.6 per cent decrease in the index for the division 'housing, water, electricity, gas and other fuels' resulting ... Read More



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