Jamaica Observer http://www.jamaicaobserver.com/ JamaicaObserver.com, the most concise and in-depth website for news coverage on Jamaica and the Caribbean. Updated daily 7 days a week, 24 hours a day en-us copyright Jamaica Observer, 2011 Supreme Court resumes hearing on compensation for Lasco/Medimpex http://www.jamaicaobserver.com/business/Supreme-Court-resumes-hearing-on-compensation-for-Lasco-Medimpex_87212 The Supreme Court is scheduled to resume hearing statements from witnesses for pharmaceutical giant Pfizer in the hypertension drug case involving Jamaican distributors Lasco and Medimpex tomorrow at King Street. Local Business Sun, 22 Jan 2017 00:00:00 GMT Conduent to shutter Amazon unit, redeploy workers http://www.jamaicaobserver.com/business/Conduent-to-shutter-Amazon-unit--redeploy-workers_87172 The Business Processing outsourcing (BPO) arm of Xerox International, a division which has been rebran Local Business Sun, 22 Jan 2017 00:00:00 GMT JMMB focuses on ‘Her Wealth’ http://www.jamaicaobserver.com/business/JMMB-focuses-on--Her-Wealth-_87057 Jamaica Money Market Brokers (JMMB) aims to cement its place as the financial partner of choice for women with its newest product offering, JMMB Her Wealth. Local Business Sun, 22 Jan 2017 00:00:00 GMT Association of Financial Professionals looking to expand in Jamaica http://www.jamaicaobserver.com/business/Association-of-Financial-Professionals-looking-to-expand-in-Jamaica-_87055 The Jamaica Association of Investment Professionals (JAIP) indicated this week that it is seeking to add to local membership 36 individuals with the Chartered Financial Analyst (CFA) credential — a level of professional certification considered to be the most recognised investment management designation globally. Local Business Sun, 22 Jan 2017 00:00:00 GMT If you don’t love yourself, how will your money love you? http://www.jamaicaobserver.com/business/If-you-don-t-love-yourself--how-will-your-money-love-you-_87162 Perhaps you struggle with money issues and are bewildered as to why, no matter how hard you work, you cannot get ahead. Perhaps you think that people are out to get you or there is some real blockage in your life why financial freedom, better pay, a great job or some other goal continues to be beyond your reach. Local Business Sun, 22 Jan 2017 00:00:00 GMT SLB reconsiders position on student affected by stroke http://www.jamaicaobserver.com/business/SLB-reconsiders-position-on-student-affected-by-stroke_87159 Dear Claudienne, Local Business Sun, 22 Jan 2017 00:00:00 GMT Fewer Jamaicans seek to buy home, car http://www.jamaicaobserver.com/business/Fewer-Jamaicans-seek-to-buy-home--car_87185 While consumer confidence remained more favourable throughout 2016 than in any other year since 2001, pollster Don Anderson has expressed concerns about lower intentions among Jamaicans to own a home. Local Business Sun, 22 Jan 2017 00:00:00 GMT New Cemex offer still not good enough — TCL board http://www.jamaicaobserver.com/business/New-Cemex-offer-still-not-good-enough---TCL-board-_87200 Along with the disclosure that some of the company’s directors and officers have decided to accept the upgraded offer per share for units in Trinidad Cement Ltd (TCL), the board of TCL has issued a new circular advising shareholders to reject the latest offer from Cemex S A’s subsidiary Sierra Trading, which they say remains below valuation. Local Business Sun, 22 Jan 2017 00:00:00 GMT Hinduja Global Solutions seeks 500 workers for new location http://www.jamaicaobserver.com/business/Hinduja-Global-Solutions-seeks-500-workers-for-new-location_87160 Hinduja Global Solutions Limited (HGS), business process firm, on January 18 officially opened its fourth customer experience centre on Constant Spring Road in Kingston. Local Business Sun, 22 Jan 2017 00:00:00 GMT Parliament aproves another IFC bill http://www.jamaicaobserver.com/business/Parliament-aproves-another-IFC-bill_87219 The Senate on Friday passed the International Corporate and Trust Services Providers Bill, 2016 moving Jamaica closer to establishing itself as an international financial centre. Local Business Sun, 22 Jan 2017 03:00:00 GMT Main Event Entertainment launches IPO ­ http://www.jamaicaobserver.com/business/Main-Event-Entertainment-launches-IPO---_87170 Main Event Entertainment Group Limited (MEEG), a Kingston-based event management company, has launched an IPO via the Jamaica Stock Exchange (JSE) aimed at raising $120 million in share capital. Local Business Sun, 22 Jan 2017 00:00:00 GMT For white-collar staff, AI threatens new workplace revolution http://www.jamaicaobserver.com/business/For-white-collar-staff--AI-threatens-new-workplace-revolution_87073 DAVOS, Switzerland (AFP) — If your job involves inputting reams of data for a company, you might want to think about retraining in a more specialised field. Or as a plumber. Local Business Sun, 22 Jan 2017 00:00:00 GMT Building a bond http://www.jamaicaobserver.com/business/Building-a-bond-_87183 At the start of every year our clients ask us what to expect for the coming year, and as always I wish we could predict the future. One thing for certain is that 2017 will be an interesting one with a lot of uncertainty surrounding the future of interest rates, the future of the European Union, the Trump presidency, and the outlook for bonds. Local Business Sun, 22 Jan 2017 00:00:00 GMT Joong Supermarket expands to include a home centre http://www.jamaicaobserver.com/business/Joong-Supermarket-expands-to-include-a-home-centre_87035 Family operated Joong Supermarket and Wholesale has been expanded to include a home centre in Portmore, St Catherine. Local Business Fri, 20 Jan 2017 03:00:00 GMT Shaw says fiscal results prove soundness of ‘1.5’ income tax policy http://www.jamaicaobserver.com/business/Shaw-says-fiscal-results-prove-soundness-of--1-5--income-tax-policy_87088 Minister of Finance and the Public Service Audley Shaw says that the country’s tax performance so far in 2016/17 proves the soundness of the government’s tax policy. Local Business Fri, 20 Jan 2017 02:00:00 GMT Kingston Properties buys Spanish Town Road complex http://www.jamaicaobserver.com/business/Kingston-Properties-buys-Spanish-Town-Road-complex_87079 Kingston Properties Limited (KPREIT) this week closed on a new property in Jamaica, a warehouse and office complex located on Spanish Town Road in Kingston. Local Business Fri, 20 Jan 2017 00:00:00 GMT Jamaica to host major international tourism conference http://www.jamaicaobserver.com/business/Jamaica-to-host-major-international-tourism-conference_86824 Jamaica’s Minister of Tourism Edmund Bartlett signed an agreement on Monday at the Palacio Neptuno in Spain to host a major global conference to commemorate the 2017 United Nations World Tourism Organization’s (UNWTO) International Year of Sustainable Tourism for Development. Local Business Fri, 20 Jan 2017 00:00:00 GMT Understanding the root cause of our challenges http://www.jamaicaobserver.com/business/Understanding-the-root-cause-of-our-challenges_87069 I have often wondered why we Jamaicans have always been able to recognise our problems but we have never been able to solve them. Local Business Fri, 20 Jan 2017 00:00:00 GMT PHOTO: Educentres http://www.jamaicaobserver.com/business/Educentres_87066 East Kingston Member of Parliament, Phillip Paulwell (left), engages Rose-Marie Campbell, Operations Manager of EduCentres, while its Executive Director Richard Shaw watches, during the company’s year-end party at its Gore Business Centre, Upper Waterloo Road offices last month. Local Business Fri, 20 Jan 2017 02:00:00 GMT Cubans bemoan end of ‘wet foot, dry foot’ immigration policy http://www.jamaicaobserver.com/business/Cubans-bemoan-end-of--wet-foot--dry-foot--immigration-policy_86930 MIAMI, United States (AP) — In a hotel room in suburban Miami, Luis Alberto Rodriguez wept when he heard that a government policy granting residency to Cubans who arrive on US soil was ending. That means it could take two years or more before his wife and two children still in Cuba can legally join him here. Local Business Fri, 20 Jan 2017 02:00:00 GMT Cubans cheer end of US “wet foot, dry foot” policy http://www.jamaicaobserver.com/business/Cubans-cheer-end-of-US--wet-foot--dry-foot--policy_86941 HAVANA, Cuba (Xinhua) — Cubans welcomed last Friday a White House decision to scrap the so-called “wet foot, dry foot” US immigration policy, which incited some to risk dangerous crossings into the US by water. Local Business Fri, 20 Jan 2017 00:00:00 GMT Derrimon delays share buy for takeover offer http://www.jamaicaobserver.com/business/Derrimon-delays-share-buy-for-takeover-offer_86865 Derrimon Trading Ltd (DTL) has issued a takeover offer for the remaining shares in Caribbean Flavours and Fragrances (CFF), advising that it has delayed final payment for shares of the company founders — a previously announced transaction — in order not to “upset the market”. Local Business Wed, 18 Jan 2017 00:00:00 GMT Inflation at 45-year low http://www.jamaicaobserver.com/business/Inflation-at-45-year-low_86779 THE Statistical Institute of Jamaica (STATIN) has reported that Jamaica’s inflation rate remains at a record low level, and was 1.7 per cent at the end of December. Local Business Wed, 18 Jan 2017 00:00:00 GMT Business and consumers enjoy longest ever period of economic optimism http://www.jamaicaobserver.com/business/Business-and-consumers-enjoy-longest-ever-period-of-economic-optimism_86804 Economic confidence among Jamaican firms has increased to an index of 142.0 for the fourth quarter of 2016, up from 139.2 experienced a quarter earlier. Local Business Wed, 18 Jan 2017 00:00:00 GMT More than 300 jobs in the pipeline for Popeyes and Little Caesars http://www.jamaicaobserver.com/business/More-than-300-jobs-in-the-pipeline-for-Popeyes-and-Little-Caesars_86837 Richard Lake, Chief Executive Officer of Restaurant Associates, says plans are underway for the opening of 10 Popeyes and Little Caesars pizza franchises across Jamaica by year end. Local Business Wed, 18 Jan 2017 00:00:00 GMT