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 LIME projects US$281-m growth in revenues from Flow acquisition http://www.jamaicaobserver.com/business/LIME-projects-US-281-m-growth-in-revenues-from-Flow-acquisition_18122719 TELECOMS provider LIME Jamaica expects to grow annual revenues to US$281 million with the Flow acquisition, according to Chairman Chris Dehring. Local Business Fri, 19 Dec 2014 03:00:00 GMT Ja ranks below Syria in Global Energy Index report http://www.jamaicaobserver.com/business/Ja-ranks-below-Syria-in-Global-Energy-Index-report_18114233 JAMAICA'S high energy costs and poor infrastructure ranked the country 97th globally, or worse than civil war-torn Syria, according to the Global Energy Architecture Performance Index Report 2015 published by the World Economic Forum (WEF) in collaboration with Accenture Strategy. Local Business Fri, 19 Dec 2014 03:00:00 GMT Why IDB President Moreno's return to Jamaica is big news http://www.jamaicaobserver.com/business/Why-IDB-President-Moreno-s-return-to-Jamaica-is-big-news_18123077 THE arrival of Inter-American Development Bank (IDB) President Luis Alberto Moreno in Jamaica yesterday is huge news, on par with the visit of International Monetary Fund (IMF) Managing Director Christine Lagarde in July of this year. Local Business Fri, 19 Dec 2014 03:00:00 GMT Visiting consultant reviews micro finance project http://www.jamaicaobserver.com/business/Visiting-consultant-reviews-micro-finance-project_18109671 A consultant with a New York-based international development consulting firm visited Jamaica earlier this month to conduct a review of the Caribbean Microfinance Capacity Building Project (Carib-Cap III). Local Business Fri, 19 Dec 2014 03:00:00 GMT Barbados economy on growth path, says finance minister http://www.jamaicaobserver.com/business/Barbados-economy-on-growth-path--says-finance-minister_18122165 BRIDGETOWN, Barbados (CMC) -- The Barbados Government says the local economy is on a growth path once more and that the fiscal deficit is now on a "downward trajectory". Local Business Fri, 19 Dec 2014 03:00:00 GMT Antigua tightens Citizenship Investment Programme http://www.jamaicaobserver.com/business/Antigua-tightens-Citizenship-Investment-Programme_18122146 ST JOHN'S, Antigua (CMC) -- The Antigua and Barbuda Government says it will deny citizens from Afghanistan, Iraq, North Korea, Somalia, Yemen, and Iran the right to apply for citizenship under its Citizenship by Investment Programme (CIP). Local Business Fri, 19 Dec 2014 03:00:00 GMT Barbados initials oil exploration licence with BHP Billiton http://www.jamaicaobserver.com/business/Barbados-initials-oil-exploration-licence-with-BHP-Billiton_18122156 BRIDGETOWN, Barbados (CMC) -- The Barbados Government says it has initialled an exploration licence with the international oil exploration giant BHP Billiton, to begin the search for oil and gas off-shore. Local Business Fri, 19 Dec 2014 03:00:00 GMT Vincentians to pay lowest fuel surcharge since 2011 http://www.jamaicaobserver.com/business/Vincentians-to-pay-lowest-fuel-surcharge-since-2011_18122182 KINGSTOWN, St Vincent (CMC) - The State-owned St Vincent Electricity Services Limited (VINLEC) has announced a drop in its fuel surcharge for this month, resulting in consumers here paying the lowest fuel surcharge on their electricity bills since 2011. Local Business Fri, 19 Dec 2014 03:00:00 GMT Holiday Reality Check for Kids http://www.jamaicaobserver.com/business/Holiday-Reality-Check-for-Kids-_18109065 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. Local Lifestyle Thu, 18 Dec 2014 03:00:00 GMT Forex: J$114.58 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-114-58-to-one-US-dollar KINGSTON, Jamaica — The US dollar on Thursday, December 18 ended trading at J$114.58, up 10 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary. Local News Thu, 18 Dec 2014 17:43:10 GMT Scotia moves to further reduce credit/debit card fraud http://www.jamaicaobserver.com/business/Scotia-moves-to-further-reduce-credit-debit-card-fraud_18079928 SCOTIABANK Jamaica will be implementing a security system to further minimise credit and debit card fraud within another 12 months. Local Business Wed, 17 Dec 2014 01:00:00 GMT Honey Bun's rum fruit cakes now available in UK's ASDA http://www.jamaicaobserver.com/business/Honey-Bun-s-rum-fruit-cakes-now-available-in-UK-s-ASDA_18112499 HONEY Bun Ltd started selling its rum fruit cakes in the United Kingdom-based ASDA Groceries which supported the tripling of its exports year-to-date. Local Business Wed, 17 Dec 2014 01:00:00 GMT Sandals among world's top 10 most searched hotel companies, Yahoo reports http://www.jamaicaobserver.com/business/Sandals-among-world-s-top-10-most-searched-hotel-companies--Yahoo-reports_18097333 Sandals Resorts is among the world's top 10 most searched hotel companies for 2014 in Yahoo's year-in-review rankings released last week. Local Business Wed, 17 Dec 2014 01:00:00 GMT Broilers Group reports profit from US operations http://www.jamaicaobserver.com/business/Broilers-Group-reports-profit-from-US-operations_18113448 Jamaica Broilers Group (JBG) earned more profit from its US operations than any other local division, which signals a shift to hard currency earnings. Local Business Wed, 17 Dec 2014 01:00:00 GMT Digicel chairman presses case against CWC/Columbus merger http://www.jamaicaobserver.com/business/Digicel-chairman-presses-case-against-CWC-Columbus-merger_18112406 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. Local Business Wed, 17 Dec 2014 01:00:00 GMT Honey Bun takes three JSE awards http://www.jamaicaobserver.com/business/Honey-Bun-takes-three-JSE-awards_18113554 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. Local Business Wed, 17 Dec 2014 01:00:00 GMT JNBS, ATL grant Christmas wish http://www.jamaicaobserver.com/business/JNBS--ATL-grant-Christmas-wish-_18114345 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. Local Business Wed, 17 Dec 2014 01:00:00 GMT Cyclical vs defensive stocks http://www.jamaicaobserver.com/business/Cyclical-vs-defensive-stocks_18114214 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. Local Business Wed, 17 Dec 2014 01:00:00 GMT J'can student has large antivirus software firms in his cross hairs http://www.jamaicaobserver.com/business/J-can-student-has-large-antivirus-software-firms-in-his-cross-hairs_18098818 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. Local Business Wed, 17 Dec 2014 01:00:00 GMT Forex: J$114.41 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-114-41-to-one-US-dollar 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. Local Business Tue, 16 Dec 2014 18:10:11 GMT 'Butch' Stewart launches third call centre in Grenada http://www.jamaicaobserver.com/business/-Butch--Stewart-launches-third-call-centre-in-Grenada_18100827 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. Local News Mon, 15 Dec 2014 03:00:00 GMT Forex: J$114.29 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-114-29-to-one-US-dollar 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. Local Business Mon, 15 Dec 2014 17:44:43 GMT Gaming industry must be regulated http://www.jamaicaobserver.com/business/Gaming-industry-must-be-regulated_18100801 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. Local News Mon, 15 Dec 2014 03:00:00 GMT Scotia named Bank of the Year, Best Foreign Exchange Trader in Jamaica http://www.jamaicaobserver.com/business/Scotia-named-Bank-of-the-Year--Best-Foreign-Exchange-Trader-in-Jamaica_18097417 SCOTIABANK was last month named Bank of the Year and Best Foreign Exchange Trader in Jamaica by The Banker, a Financial Week publication, and Global Finance magazine, respectively. Local Business Sun, 14 Dec 2014 01:00:00 GMT Shoppers urged to protect their rights http://www.jamaicaobserver.com/business/Shoppers-urged-to-protect-their-rights_18093918 AMIDST the flurry of shopping for the holiday season, the Consumer Affairs Commission (CAC) is reminding consumers that they are entitled to eight basic rights that they need to protect. Local Business Sun, 14 Dec 2014 01:00:00 GMT