Business

Holiday Reality Check for Kids

It's often been said that the Christmas holiday period is best enjoyed by children (or those who are young at heart!) Most youngsters look forward to a visit from Santa Claus, who travels around the world on one special night, rewarding all the good kids with the presents they wished for. Many othe ... Read More

The EMV, or Europay, MasterCard and Visa
card, has already been implemented in a
number of countries, including the United States Scotia moves to further reduce credit/debit card fraud
SCOTIABANK Jamaica will be implementing a security system to further minimise credit and debit card ... Read More

Honey Bun’s Buccaneer Jamaica Rum Fruit Cakes stacked on a
stand in an ASDA supermarket in the UK. Honey Bun's rum fruit cakes now available in UK's ASDA
HONEY Bun Ltd started selling its rum fruit cakes in the United Kingdom-based ASDA Groceries which s ... Read More

Sandals Montego Bay, the
first property acquired by
Gordon ‘Butch’ Stewart in the
award-winning resort chain. Sandals among world's top 10 most searched hotel companies, Yahoo reports
Sandals Resorts is among the world's top 10 most searched hotel companies for 2014 in Yahoo's year-i ... Read More

Broilers Group reports profit from US operations

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, December 17, 2014    

Jamaica Broilers Group Chairman Robert Levy (left) and CEO Chris Levy.

Jamaica Broilers Group (JBG) earned more profit from its US operations than any other local division, which signals a shift to hard currency earnings. At the same time, it announced a sale of shares in its 100 per cent-owned subsidiary, Aquaculture Jamaica Limited (AJL). Calls for clarity went unreturned up to print. "The sale of shares in AJL was completed this quarter at a transaction value of $90 million," stated Chairman Robert Levy and CEO Chris Levy in a joint statement accompanying the ... Read More

Digicel chairman presses case against CWC/Columbus merger

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, December 17, 2014    

O’BRIEN… to say that a merger between Digicel and Columbus would be exactly the same as a
merger between Cable and Wireless and Columbus is actually a silly position to take

DIGICEL Chairman Denis O'Brien argued his company's case against the proposed acquisition of Columbus Communications by Cable & Wireless Communications (CWC) Plc last week in Trinidad, insisting that the purchase will create a monopoly. At the same time, O'Brien told a meeting of the Caribbean Telecommunications Union at Cascadia Hotel on December 10 that had Digicel bought Columbus, the prospect of a monopoly would not exist. "To say that a merger between Digicel and Columbus would be exa ... Read More

Honey Bun takes three JSE awards

Wednesday, December 17, 2014    

Governor General Sir Patrick Allen presents Honey Bun CEO Michelle Chong with the 2014 JSE
Junior Market Best Practice Award.

Honey Bun topped three categories in the 2014 Jamaica Stock Exchange (JSE) awards held this month in Kingston. The Herbert and Michelle Chong-run company won Best Practices Award for Best Annual Report, Corporate Disclosure and Investor Relations (three years in a row), and Overall Winner. Honey Bun takes three JSE awards --> Read More

JNBS, ATL grant Christmas wish

Wednesday, December 17, 2014    

Representatives of Jamaica National Building Society (JNBS) and Appliance Traders Ltd (ATL) yesterday presented a brand new stove and refrigerator to
Cluster H at the Golden Age Home in Vineyard Town, Kingston. Here, Delfreda Thorp (right), the home’s operations manager, accepts the stove from
Annmarie Kirlew Williams (left) of JNBS; Yanike Rehedul (second left), marketing executive at ATL; and Tonya Russell, public relations officer at ATL. The
donations were made after the cluster made known its wish for Christmas

Representatives of Jamaica National Building Society (JNBS) and Appliance Traders Ltd (ATL) yesterday presented a brand new stove and refrigerator to Cluster H at the Golden Age Home in Vineyard Town, Kingston. Here, Delfreda Thorp (right), the home's operations manager, accepts the stove from Annmarie Kirlew Williams (left) of JNBS; Yanike Rehedul (second left), marketing executive at ATL; and Tonya Russell, public relations officer at ATL. The donations were made after the cluster made known i ... Read More

Cyclical vs defensive stocks

RASHIDI THOMAS | Wednesday, December 17, 2014    

Cyclical vs defensive stocks

In volatile times, what are the best ways to invest? Truth be told, there are numerous strategies portfolio managers try to employ, each with its own merits. Today, we will, however, turn our attention to the top-down strategy which focuses mainly on investing in cyclical or defensive stocks. Cyclical stocks are defined as stocks that have a high correlation with the cycle of a particular economy. When the economy is contracting, the profits from a cyclical company tend to fall and the stock p ... Read More

J'can student has large antivirus software firms in his cross hairs

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, December 17, 2014    

Sheldon Duncombe (left) and software engineer at Google, Mennouchi Azeddine Islam, during
their stay at the Global Entrepreneurship Summit in Marrakech, Morocco.

SHELDON Duncombe reckons that he can compete with some of the world's largest antivirus software companies when he launches his company, HurteX, next March. Duncombe, a finalist in the Global Innovation through Science and Technology (GIST) Tech-I competition, has teamed with a software engineer at Google, Mennouchi Azeddine Islam, to provide information technology services that eliminate software vulnerabilities caused by web-based applications and server hackers. The idea, which was develope ... Read More

Forex: J$114.41 to one US dollar

Tuesday, December 16, 2014 6:10 PM    

KINGSTON, Jamaica – The US dollar on Tuesday, December 16 ended trading at J$114.41, up from J$114.29 according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar closed at J$98.82, up from J$98.46 while the British pound sterling ended trading at J$179.17 up from J$178.87. Read More

'Butch' Stewart launches third call centre in Grenada

Monday, December 15, 2014    

Prime Minister of Grenada Dr Keith Mitchell (third from left) listens to Sandals boss Gordon
'Butch' Stewart at the launch of a third call centre by Sandals in St George's last week. Others at
the head table from left are: E Ferrin, president of Air Canada Vacations; Sebastian Tickle, head
of call centre operations; Elvin Nimrod, deputy prime minister of Grenada; Yolande Bain Hosford,
tourism minister and Andre Dhanpaul, eastern Caribbean regional director for Sandals.

ST GEORGE'S, Grenada — Gordon 'Butch' Stewart last week launched his third Caribbean call centre - after Jamaica and St Lucia - in this Grenadian capital, promising technological sophistication and high-quality customer service. Stewart also announced that his Sandals Resorts International (SRI) would be building an 8,000 square-foot conference centre that would serve the entire island, noting that both the call centre - or Sales and Marketing Centre - and the conference centre would brin ... Read More

Forex: J$114.29 to one US dollar

Monday, December 15, 2014 5:44 PM    

KINGSTON, Jamaica – The US dollar on Monday, December 15 ended trading at J$114.29, up from J$114.12 according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar closed at J$98.46, down from J$99.90 while the British pound sterling ended trading at J$178.87 down from J$179.73. Read More

Gaming industry must be regulated

Monday, December 15, 2014    

PHILLIPS

MINISTER of Finance and Planning Dr Peter Phillips has emphasised that the gaming industry, which provides thousands of jobs and revenues for the Government, must operate under regulations. The minister, who was addressing the official opening of the new headquarters for the Betting, Gaming and Lotteries Commission (BGLC) and the Jamaica Racing Commission (JRC), on Hagley Park Road, in St Andrew, last Thursday, said over the past year, revenues from the industry has increased by 11 per cent, an ... Read More



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