More international investment for Jamaican tech start-ups

University of Technology, Jamaica student Stephen Smith
pitches his company Working Enigma to Devlabs co-founders
last Thursday.

JAMAICAN tech entrepreneurs continue to get more support from international investors as Start-Up Jamaica rolls out a second set of participants for seed funding. What's more, California-based accelerator company Devlabs will top the previous funding set by Jordan company Oasis500 to up to $5 milli ... Read More

WILLIAMS... Most of the investments I have done, it was
because they are Jamaica College old boys
RICHARDS... Entrepreneurs should not have to be a part of the
old boys’ netork or old girls’ network Proven CEO and DBJ differ on old boys’ network vs meritocracy
AUDREY Richards, the state's leading advocate for venture capital funding, disagreed with Chris Will ... Read More

FUYANG, China — Chinese people share a light moment as they check on stock prices at a
brokerage house in Fuyang in central China's Anhui province on Friday. Chinese stocks hit a
seven-year high as investors pinned their hopes on further economic stimulus while most other
world markets were subdued ahead of a speech by Federal Reserve chair Janet Yellen.
(PHOTO: Chinatopix via AP) Are preference shares right
WITH increased volatility in financial markets and record low yields on fixed-income securities, inv ... Read More

Red Stripe’s Executive leadership team share a cold beer at the company’s office on 214 Spanish
Town Road. From left are Diane Willis Reid, administrative and special projects manager;
Blandine JnPaul Reid, head of marketing and innovation; Dwaine Williams, head of commercial;
Jean Look Tong, head of Red Stripe International; Dianne Ashton-Smith, head of corporate
relations; Melverine Hemmings, head of human resources; Devon Francis, acting head of supply;
Cedric Blair, managing director; Moses Williams, head of commercial transformation; and Bruce
Kidner, finance director. Red Stripe to receive Jamaica Observer Table Talk Food Awards Lifetime Achievement award
Red Stripe is to be the recipient of a lifetime achievement award from the Jamaica Observer Table Ta ... Read More

New bowling alley pins hopes on striking location

Sunday, May 24, 2015    

Pins fly as a bowling ball makes a strike

New bowling alley pins hopes on striking location Jamaica will be welcoming a new bowling alley with multiple lanesover the next few months. Alley-Cats Entertainment Limited, owner and operator of the new bowling alley and family entertainment centre, dubbed JamZone, will soon be celebrating the opening of its 20,000 square foot facility in Manor Centre Plaza, Constant Spring Rd. Alley-Cats promises that the location will be the "ultimate fun destination" for all ages in Kingston and St. And ... Read More

Kingston 8 tenant queries rent increase

With Claudienne Edwards | Sunday, May 24, 2015    

A tennant may have to pay $2,000 more on her $18,000 rent

Dear Claudienne, I am a tenant living in the Kingston 8 area. I have been living at this premises since 2006 and my rent at that time was $16,000.00. About two years ago the landlady added a grill to a side door and a year before she did some painting. Immediately afterwards she increased the rent by $2,000.00. Since then nothing has been done to the premises apart from painting done by the tenants. Whenever you complain to her about things to be fixed it's always a problem and she takes fo ... Read More

PHOTO: A courtesy call

Sunday, May 24, 2015    

Minister of Science, Technology, Mining and Energy Phillip
Paulwell (centre) examines the new MSME Alliance
discount card he received from the directors of the Micro,
Small and Medium Size Enterprise (MSME) Alliance during a
courtesy call at his ministry in Kingston, recently. The card,
introduced late last year, allows consumers to enjoy savings
on a wide range of goods and services from select
businesses, and helps to fund the Alliance’s activities.
Looking on are president of the MSME Alliance, Donovan
Wignal, (left) and Anthony Morgan, MSME director and
president of the Mining and Quarry Association of Jamaica.

Minister of Science, Technology, Mining and Energy Phillip Paulwell (centre) examines the new MSME Alliance discount card he received from the directors of the Micro, Small and Medium Size Enterprise (MSME) Alliance during a courtesy call at his ministry in Kingston, recently. The card, introduced late last year, allows consumers to enjoy savings on a wide range of goods and services from select businesses, and helps to fund the Alliance's activities. Looking on are president of the MSME Allianc ... Read More

CIBC First Caribbean International Bank

Sunday, May 24, 2015    

CIBC First Caribbean International Bank

CIBC First Caribbean International Bank officially opened its first mini-branch at 63 Main Street, Santa Cruz, St Elizabeth last Sunday. According to Managing Director Nigel Holness, the mini-branch will eliminate many of the paper-driven processes that require extensive back office space, while allowing employees to serve customers using the latest technology. First Caribbean Santa Cruz will allow residents to open new accounts, make deposits, withdraw or transfer funds, pay bills, cheques, acc ... Read More

Many rivers to cross, and ways to do it

With Kenroy WEDDERBURN | Sunday, May 24, 2015    

JAMMU, India — Managers
need to think of the main river
to cross. Here, Indian children
play in the Tawi River, along
with a herd of buffaloes, on
the outskirts of Jammu on
Friday. Temperatures have
risen to over 40 degrees
Celsius in northern Indian
states as summer reaches its
heights before the monsoon
arrives. (PHOTO: AFP)

"If you can't describe what you are doing as a process, you don't know what you're doing." ~ W. Edwards Deming After Creating the AS-IS Chart Last week we stopped after creating the AS-IS chart for Yellow Star Bakery. Next is to do a detailed walk-through with all the members of the process team. Remember that the frontline staff would have been included from when the AS-IS Process Chart was being developed -- and is still important at this stage. Here is a critical note on that point -- ma ... Read More

Brazil unveils cuts as IMF urges fiscal discipline

Sunday, May 24, 2015    

RIO DE JANEIRO, Brazil — Hard times may be coming for beachgoers at Ipanema beach in Rio de Janeiro.

RIO DE JANEIRO, Brazil (AFP) — The IMF urged Brazil to get its fiscal house in order to emerge from five years of low growth, as South America's largest economy Friday unveiled a package of budget cuts in a move to kickstart a recovery. Brazil has lost ground since a period of high growth largely fuelled by Chinese-led demand for commodities came to an end and the International Monetary Fund (IMF) forecasts GDP will contract by around 1.0 per cent this year. The downturn has forced lefti ... Read More

CDB projects slight economic growth for C'bean countries in 2015

Saturday, May 23, 2015 11:54 AM    

BASSETERRE, St Kitts (CMC) – The Caribbean Development Bank (CDB) says preliminary forecasts indicate that the economies of regional countries will expand by nearly two per cent in 2014, mirroring an anticipated moderate acceleration in the economies of its major trading partners. The CBD in its annual review of the region’s economic fortunes, noted that further improvement is “currently being projected for all 19 borrowing member countries (BMCs) with most set, once again, to ... Read More

Jamaicans accept FLOW price increases — CWC executive

BY STEVEN JACKSON Business reporter | Friday, May 22, 2015    

REID... Jamaica
is a unique
market because
of the currency

JAMAICANS are accepting the price increases at large cable provider FLOW, according to John Reid, an executive at the provider's new parent company Cable & Wireless Communications (CWC). Reid, the former president of Columbus Communications and recently appointed president of CWC's consumer group, added that regionally it would deploy its pricing power where it sees fit. "Really, in Jamaica it's a unique market because of the currency depreciation. We have leverage there to have price incr ... Read More

Micro lenders, credit bureau sign MOU

BY BALFORD HENRY Senior Staff Reporter | Friday, May 22, 2015    

JaMFA's chairman, Hurshell Cyrus (left), and CRIF NM's
Terrence Cooper shake hands after signing the MOU for credit
information services.

"A significant milestone in the journey of the micro finance sector" was how chairman of the Jamaica Micro Financing Association (JaMFA), Hurshell Cyrus, described the recent signing of a Memorandum of Understanding (MoU) with credit bureau CRIF NM Credit Assure Limited. "We strongly support a partnership with CRIF NM, because now we will be in a better position to know who we are lending to and who our micro business partners are," Cyrus said. JaMFA and CRIF NM, a global leader in credit bure ... Read More

Jamaican economy floats into positive waters

BY KARENA BENNETT Business reporter | Friday, May 22, 2015    

Growth in the service sector was led by strong growth in stopover arrivals

JAMAICA'S economy just edged into positive territory with a weak growth rate of 0.3 per cent in the 2015 first quarter -- following consecutive quarter declines last year, but the country could see another contraction over the April to June period, according to the Planning Institute of Jamaica (PIOJ). The country's growth was less than the marginal rate of between 0.5 and 1.5 per cent previously anticipated by the PIOJ, which had based the prospects on the continued strengthening of productiv ... Read More



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