Business

Gary Matalon...patiently turning passion into profit

MATALON... I wanted to do my own thing.(Naphtali Junior)

At last weekend’s Youth View Awards, co-host Yendi Phillips took to the crowd to interact with some of the VIPs in the front row. Among the style icons, media personalities, and who’s who of dancehall - stars in an arena filled with bold-faced names in Jamaica’s entertainment frate ... Read More

PANDOHIE... the model we are looking to follow is like pork and poultry (Michael Gordon) Economic Growth Council needs to focus more on agriculture — Pandohie
Richard Pandohie reckons that the eight initiatives under the Economic Growth Council’s 5 in 4 ... Read More

The Jamaica Stock Exchange in downtown kingston                                What money thoughts fill your mind?
When you think about your current financial situation, how does your money feel? Joyful and overflow ... Read More

Years pass, but still no title. Not able to get title for Canaan lot
Dear Claudienne: My father gave me a lot that he had bought in a land settlement at Canaan, St Ja ... Read More

Credit ratings — a refresher on the ABCs

Lisa Minto-Powell | Sunday, February 26, 2017    

Warren Buffett, a savvy investor who may consider the value of credit ratings..

Over the last 10 years we have seen investor psychology shift as the public’s knowledge has improved tremendously as regards investments, namely bonds. Investors are much savvier now when making their investment decisions. They consider the bonds’ credit worthiness, just as if they were shopping or making vacation or dinner plans. They spend time researching it online and seeking other opinions before investing — in a similar fashion to purchasing an item or choosing a resort ... Read More

Ready TV teams with Facey Telecoms

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, February 26, 2017    

Yvonne Lindo, card manager, Facey Telecom, and Stefan Miller (centre), commercial manager – Transaction E-Pin, pictured with Marlon Carr, sales and channel marketing manager at Ready TV, after officially signing partnership deals with Ready TV at the company’s office last week Tuesday..

Jamaica’s first digital subscription cable service, Ready TV, has teamed with leading distributors Facey Telecom to create a distribution and sales platform. The Chris Dehring-led Ready TV says it is looking to not only revolutionise cable television, but also the way in which the public is able to access it. “It is wireless with instant connection, so customers do not have to wait weeks to be able to access authorised programming for cable television broadcasting in Jamaica,&rdqu ... Read More

Good times over for expats in Saudi

Sunday, February 26, 2017    

An expatriate, working and living in the Saudi capital, Riyadh, waits for his flight at the King Khalid International Airport, on February 16, 2017.(Photo: AFP)

RIYADH, Saudi Arabia (AFP) — Seventeen years after first setting foot in Saudi Arabia, Dominic Steck shipped his two cats and returned to Germany with his wife and school-age children, who hardly know their homeland. As Saudi Arabia steps up efforts to employ more of its own people, and with economic growth slowing, the ranks of well-paid white-collar expatriates like Steck are thinning. For them, the good times are over. Steck said that to reduce costs, his employers “sent the W ... Read More

Blue Mountain Coffee rejoins Starbucks reserve

BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com | Sunday, February 26, 2017    

A Starbucks coffee shop.

Global coffee brewer Starbucks announced this week that Starbucks Reserve Jamaica Blue Mountain is now back for a limited time in select Starbucks stores in the United States, Canada and on Starbucks.com. The hard-to-get bean joins three other reserve brands offered by the international brewer – Nicaragua, Guatemala and Tanzania. Starbucks referenced the “meticulous standards for growing, harvesting and processing” set by the Coffee Industry Board of Jamaica, “with e ... Read More

2016 growth rate increases to 1.4 per cent

By Karena Bennett | Friday, February 24, 2017    

The hotel and resuarant sector grew by 2.1 per cent in 2016.

Jamaica recorded real value added growth of 1.4 per cent for the calendar year 2016, compared to the 0.9 per cent growth the country recorded in 2015, said the Planning Institute of Jamaica (PIOJ). Director General Wayne Henry said the growth was attributable to increases in the goods producing industry, up 3.3 per cent and the services industry which was estimated to have grown by 0.8 per cent. “The industries estimated to have recorded the largest growth during the year were agricu ... Read More

Cuba bets on special economic zone to spur development

Friday, February 24, 2017    

An aerial view of Mariel, Cuba.

MARIEL, Cuba, (Xinhua) — Just over three years ago, Cuba began to map out its most ambitious economic development project ever, the Mariel Special Economic Development Zone (ZEDM). The 465.4-square-km development zone located some 45 km west of Havana is designed to promote sustainable growth by attracting foreign investment, technological innovation and industrial production. “The ZEDM aims to become the main enterprise and driving force of the Cuban economy,” Oscar Perez-Ol ... Read More

China helps Cuba’s special economic zone fulfil potential

Friday, February 24, 2017    

MARIEL, Cuba — A view of the Port of Mariel.

MARIEL, Cuba (Xinhua) — Giant Chinese-built cranes briskly unload shipping containers from cargo ships at Cuba’s deep-water port of Mariel, a fledgling special economic zone the country hopes will drive development over the coming years. China, Cuba’s second largest trading partner, is playing a key role in helping the Caribbean island country to make Mariel live up to its promise. World-class terminal The Shanghai Zhenhua Heavy Industries Co (ZPMC), a global leader in port ... Read More

GKGI expands to Guyana, Trinidad

Friday, February 24, 2017    

A view of Georgetown,Guyana

GraceKennedy General Insurance Company Limited (GKGI) will later this year roll out operations in Guyana and Trinidad and Tobago. After cementing insurance operations in Antigua, St Vincent, Dominica, St Lucia, and Turks & Caicos, GK’s Group CEO Don Wehby told the Jamaica Observer that the company is now hoping to expand its footprint into Belize by year end. GKGI, which rebranded from Jamaica International Insurance Company (JIIC), began the expansion process some two yea ... Read More

Pulse says construction of new villas and guest rooms 40 per cent complete

Friday, February 24, 2017    

COOPER... Pulse now represents a Trinidadian model

Chairman of Pulse Investments Ltd Kingsley Cooper has announced the progress of new projects which are expected to add to revenue when operational. This includes the company's main investment in the construction of 52 guest suites at Villa Ronai in Stony Hill, St Andrew and 19 guest rooms on Trafalgar Road in New Kingston. The company, which saw revenues of $350.58 million for the year ended June 30, 2016, released six-month results last week reflecting revenues of $188.49 million for the peri ... Read More

MasterCard makes payment easier, safer with new mobile wallet solution

BY JOSIMAR SCOTT Observer writer | Friday, February 24, 2017    

A MasterCard.

Global payment technology company MasterCard plans to introduce the payment solution Masterpass, through partnering banks and merchants, to the Latin American and Caribbean region — though already available in Brazil. Masterpass, which was introduced by the company in 2014 as part of the MasterCard Digital Enablement Sevice (MDES), allows for easier and more secure payments “anytime, anywhere” using connected devices — laptops, smartphones, tablets, and even wearabl ... Read More



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