Business

'Run your region like a business'

Tourist on vacation

ST THOMAS, United States Virgin Islands (CMC) — Caribbean Tourism officials have been urged to ensure that the sector is run like a business. The advice came Thursday in a keynote presentation by Alex Zozaya, CEO of Apple Leisure Group, the world's largest provider of vacation business to the ... Read More

State minister for Science Technology Energy and Mining Julian Robinson (left) assists fiveyear-
old Velteno Sawyers with operating one of the computers inside the just -opened
computer lab and Internet café in the Jacques Road community in Kingston. Also pictured
(from second left) are: Canadian High Commissioner Robert Ready; and General Secretary of
Jacques Parenting Association Francena Pryce. Officially opened on Wednesday, this is the
169th community access point to be established by the Government across the island at a cost
of $3 million. Gov't invests billions to provide Jamaicans with Internet access
THE Universal Service Fund (USF) has invested billions of dollars over the last nine years to provid ... Read More

Jamaica Money Market Brokers CEO Keith Duncan (right) addresses shareholders at the company’s extraordinary general
meeting held last week, while JMMB Chairman Noel Lyon looks on. JMMB to enter Central America
JAMAICA Money Market Brokers Limited (JMMB) aims to enter Central America, according to its Dominica ... Read More

Energy Minister Phillip Paulwell (second left) poses with Bruce Levy (left), President of BMR
Limited, Ian Kelly (second right), chairman of Wigton Windfarm, and Robert Blenker, President
and CEO of WRB Enterprises, after presenting them with their Licences.
(PHOTO: ASTON SPAULDING) Energy projects in train, set to double renewables in Jamaica
JAMAICA Public Service Company (JPS) on Thursday signed three power purchase agreements (PPAs) that ... Read More

Credit bureaus can now access light, water bill info

BY TERRON DEWAR Business reporter dewart@jamaicaobserver.com | Sunday, September 21, 2014    

Credit bureaus can now collect information on customers of
utility companies such as JPS and NWC.

CREDIT bureaus can now collect information on customers of utility companies. Finance Minister Peter Phillips signed an order under the Credit Reporting Act enabling them to do so. "Utilities capture the very basics of your operations and give a good indication of your financial stability," said PSOJ CEO, Dennis Chung. Chung, however, believes that the information required to be submitted to credit bureaus should be further extended to include delinquent tenants and companies reported to stra ... Read More

Cable theft plagues landline, Internet service

with Claudienne Edwards | Sunday, September 21, 2014    

Lime

Dear Claudienne I live in the Boscobel Housing Scheme in St Mary, and for almost one month now the entire scheme has had no landline or Internet service from LIME. When my sister called LIME on August 24 to complain that the lines were down, someone in Ecuador who said that they were trouble-shooting for LIME promised that the phone service would be back in three days. However, to date we are still without the phone service. Kindly find out from LIME what is causing the problem and when we ca ... Read More

Managing your investment in a rising interest rate market

With Eugene Stanley | Sunday, September 21, 2014    

Picture this; it's a beautiful sunny day so you decide to take a trip to the beach to better capitalise on the weather. You get there quite excited to get in the water however when your toes actually touch the water somehow its icy cold, but how could this be? Should you just take the plunge and get your entire body wet or should you literally take it one step at a time until each body part adjusts to the temperature? Decisions, decisions, the same can be true for bond markets, when is the right ... Read More

NIF triples loan limit to SMEs

Sunday, September 21, 2014    

THE National Insurance Fund (NIF) has increased its onlending loan limit to $15 million per sub-borrower. This means that small and medium-sized enterprises (SMEs) now has the opportunity to borrow up to three times the amount previously financed from credit facilities under the Ministry of Finance. What's more, the credit facility has also been approved for another extension of the expiry date from April 2018 to April 2022, giving sub-borrowers an extension of the maximum loan period from fiv ... Read More

Burger King Japan's latest meal is the new black

Sunday, September 21, 2014    

A Burger King employee shows the Kuro Diamond burger (right)
and the Kuro Pearl burger at its Shibuya restaurant in Tokyo.
(PHOTO: AP)

TOKYO, Japan — THE first Kuro, or black burger, had a signature black bun and sauce. Last year's edition, the Kuro Ninja, added a slice of (non-black) bacon to the signature black components. Now Burger King Japan is going black on black. The fast-food chain added black cheese and deepened the colour of the other ingredients in the special burger duo added to menus Friday. Marketing Manager Kana Ienega said Burger King Japan wants people to try the burger and find it tasty even though it ... Read More

Oracle founder steps aside as CEO

Sunday, September 21, 2014    

Oracle CEO Larry Ellison is
stepping aside as CEO of the
company he founded.

CALIFORNIA, USA — ORACLE co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colourful era marked by his flamboyant behaviour and outlandish wealth amassed while building one of the world's best-known technology companies. With the changing of the guard announced Thursday, Ellison will be handing over his job to his two top lieutenants, Safra Catz and Mark Hurd, who become co-CEOs. Ellison, 70, intends to still ... Read More

Home Depot breach affected 56 million debit, credit cards

Sunday, September 21, 2014    

Shoppers walk through
the aisles at the Home
Depot store. (PHOTO: AP)

NEW YORK, USA — HOME Depot said Thursday that a data breach that lasted for months at its stores in the US and Canada affected 56 million debit and credit cards, far more than a pre-Christmas 2013 attack on Target customers. The size of the theft at Home Depot trails only that of the heist of data from 90 million TJX Cos. customers, which was disclosed in 2007. Target's breach compromised 40 million credit and debit cards. Home Depot, the nation's largest home improvement retailer, said ... Read More

Yahoo rakes in another jackpot from Alibaba's IPO

Sunday, September 21, 2014    

A sign in front of
Yahoo! headquarters in
Sunnyvale, California.
(PHOTO: AP)

CALIFORNIA, USA — YAHOO is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon. The latest windfall came with Alibaba's record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised US$25 billion. Alibaba's shares began trading for the first time on Friday on the New York Stock Exchange. Yahoo is in line to make US$8.3 billion to US$9.5 billion from the initial public of ... Read More

DBJ to create 'Portmore of MoBay' by selling Montpelier land

STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, September 19, 2014    

DBJ

GOVERNMENT wants an investor to acquire roughly 780 acres of farmland in Montpelier, St James, for housing and shopping in order to become 'the Portmore of Montego Bay'. It's a re-tendering of the lands but with a new thrust on housing development rather than agriculture. The sale would become one of the largest land divestments in years. The Development Bank of Jamaica (DBJ) will invite prospective investors to participate in a controlled competitive bidding process but declined to specify a ... Read More

Digicel turns major content provider following cable TV acquisitions

Friday, September 19, 2014    

Digicel Group COO, Andy Thorburn (seated, left), and Patrick Rousseau (seated, right), Chairman
of IMC and SportsMax celebrate the acquisition deal with Phillip Martin, Deputy Chairman of
IMC and Sportsmax (standing left) and Oliver McIntosh, CEO of Sportsmax.

DIGICEL has bought a majority stake in the parent company of regional sports broadcaster, SportsMax. The deal to purchase controlling interest in St Lucia-based International Media Content (IMC), also gives the regional telecommunications firm a toehold in the North American market through CEEN-TV, which targets the diaspora in The US Tri-State area and in Canada . SportsMax is currently available in 23 countries in the Caribbean. Digicel operates in 32 markets in the Caribbean, Central Ameri ... Read More



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