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 Economy grew 0.8 per cent http://www.jamaicaobserver.com/business/Economy-grew-0-8-per-cent-_19225921 THE Jamaican economy grew by an estimated 0.8 per cent in the April to June 2015 quarter compared with the corresponding quarter of 2014, the Planning Institute of Jamaica (PIOJ) has reported. Local News Fri, 28 Aug 2015 00:00:00 GMT A Jamaican Business Owner’s Fight to Survive: The Longest Night — Part 2 http://www.jamaicaobserver.com/business/A-Jamaican-Business-Owner-s-Fight-to-Survive--The-Longest-Night---Part-2_19225681 Last week we introduced business owner David, whose trucking company was facing serious challenges. After losing a major client, David was tempted to give up on his entrepreneurial dream. In his darkest moment, however, he was encouraged by some business advice on the television. Local Lifestyle Thu, 27 Aug 2015 02:00:00 GMT Sagicor X Fund upsizes rights issue http://www.jamaicaobserver.com/business/Sagicor-X-Fund-upsizes-rights-issue-_19225754 Sagicor Real Estate X Fund plans to upsize its rights issue by roughly $1 billion to $5.1 billion in order to aid in the purchase of a US hotel close to Universal Studios and Walt Disney World in Orlando, Rlorida. Local Business Wed, 26 Aug 2015 02:00:00 GMT REIT start-up Fortune One piques FSC curiosity http://www.jamaicaobserver.com/business/REIT-start-up-Fortune-One-piques-FSC-curiosity_19225750 The John Ammar-led Fortune One Capital Ltd, a real estate investment trust (REIT) which started operations last month, aims to develop and sell working-class housing developments even as it continues dialogue with a curious Financial Services Commission (FSC). Local Business Wed, 26 Aug 2015 02:00:00 GMT Sweetie resurrects Paradise Plums http://www.jamaicaobserver.com/business/Sweetie-resurrects-Paradise-Plums_19225718 MOGUL in the Making nominee Patria Kaye Aarons has introduced paradise plum sweets to her line of local fruit-flavoured sweeties. Local Business Wed, 26 Aug 2015 01:00:00 GMT Investing and stocks http://www.jamaicaobserver.com/business/Investing-and-stocks_19225723 In order to become a successful investor, one must have a basic understanding of financial instruments and how to use them profitably. Having a firm understanding of these instruments will help you to make wise investment decisions, even as market conditions change. One of the most popular and widely used financial instruments is stocks. Local Business Wed, 26 Aug 2015 01:00:00 GMT Online growth pushes RJR profits http://www.jamaicaobserver.com/business/Online-growth-pushes-RJR-profits_19225736 The RJR Group profits jumped to $22 million for its June first-quarter 2015 or 44 per cent higher due in part to new revenues from its online media entities. Local Business Wed, 26 Aug 2015 01:00:00 GMT Blue Power Group partners with MegaMart for premium positioning http://www.jamaicaobserver.com/business/Blue-Power-Group-partners-with-MegaMart-for-premium-positioning_19225748 SOAP manufacturing company Blue Power Group has inked a deal with MegaMart for the distribution of its soap to a new target market. Local Business Wed, 26 Aug 2015 02:00:00 GMT CWC boots nine Flow/LIME locations http://www.jamaicaobserver.com/business/CWC-boots-nine-Flow-LIME-locations_19225740 Cable and Wireless Communications (CWC), operator of Flow and LIME, has given nine locations the boot following the merger between the two telecommunications companies. Local Business Wed, 26 Aug 2015 01:00:00 GMT Puerto Rico statehooders see opportunity as woes deepen http://www.jamaicaobserver.com/business/Puerto-Rico-statehooders-see-opportunity-as-woes-deepen_19225600 MANATI, Puerto Rico (AP) -- Revellers arrived in cars sporting the American flag and wore clothes in red, white and blue as they celebrated the anniversary of Puerto Rico's pro-statehood political party with deafening salsa music and speeches. Local Business Wed, 26 Aug 2015 00:00:00 GMT Oil picks up after rout, but US crude still below US$40 http://www.jamaicaobserver.com/business/Oil-picks-up-after-rout--but-US-crude-still-below-US-40_19225780 NEW YORK, United States (AFP) -- Oil prices recovered some lost ground yesterday after a sharp fall sparked by worries about China's faltering economy, the world's largest energy consumer. Local Business Wed, 26 Aug 2015 02:00:00 GMT China's slowing economy: What's wrong? http://www.jamaicaobserver.com/business/China-s-slowing-economy--What-s-wrong-_19225698 SHANGHAI, China (AFP) -- Asian stocks nosedived on Monday, led by sharp falls in Shanghai as concerns mount over the health of China's economy -- the world's second largest. Local Business Wed, 26 Aug 2015 01:00:00 GMT CEO says Apple growth still ‘strong’ in China http://www.jamaicaobserver.com/business/CEO-says-Apple-growth-still--strong--in-China_19225733 NEW YORK, United States (AFP) --Apple is still seeing "strong growth" in China despite fears about an economic slowdown which have sparked a global market rout, chief executive Tim Cook said Monday. Local Business Wed, 26 Aug 2015 01:00:00 GMT Birth pains of China's 'new normal' grip the globe http://www.jamaicaobserver.com/business/Birth-pains-of-China-s--new-normal--grip-the-globe_19225640 SHANGHAI, China (AFP) -- Beijing is trying to manoeuvre the world's second-largest economy into a "new normal" of slower expansion, but alarms have sounded over whether the transition will hit global growth as a Chinese stock collapse reverberates across markets. Local Business Wed, 26 Aug 2015 02:00:00 GMT Britain plans crackdown on illegal migrant workers http://www.jamaicaobserver.com/business/Britain-plans-crackdown-on-illegal-migrant-workers_19225615 LONDON, United Kingdom (AFP) -- Migrants found working illegally in England and Wales face up to six months in prison and could have their wages seized under proposals announced by the British Government yesterday. Local Business Wed, 26 Aug 2015 01:00:00 GMT Market turmoil poses new challenge to Fed’s rate plans http://www.jamaicaobserver.com/business/Market-turmoil-poses-new-challenge-to-Fed-s-rate-plans_19225624 WASHINGTON, United States (AFP) -- The turmoil sweeping through global markets has raised a new challenge to the Federal Reserve's plan to begin raising US interest rates. Local Business Wed, 26 Aug 2015 01:00:00 GMT Commentary: Investors should forgo anxiety over China despite stock fluctuation http://www.jamaicaobserver.com/business/Commentary--Investors-should-forgo-anxiety-over-China-despite-stock-fluctuation_19225623 BEIJING, China (Xinhua) -- Despite the tumbling of stock markets, investors should forgo their unnecessary anxiety over China because the long-term prediction for China's economy still remains rosy and Beijing has the will and means to avert a financial crisis. Local Business Wed, 26 Aug 2015 01:00:00 GMT Japanese whisky arrives at the International Space Station http://www.jamaicaobserver.com/business/Japanese-whisky-arrives-at-the-International-Space-Station_19225628 TOKYO, Japan (AFP) -- An unmanned cargo ship loaded with emergency supplies -- including Japanese whisky -- successfully docked at the International Space Station early yesterday, officials said. Local Business Wed, 26 Aug 2015 01:00:00 GMT 75,000 apply for jobs fetching tea in India http://www.jamaicaobserver.com/business/75-000-apply-for-jobs-fetching-tea-in-India_19225639 NEW DELHI, India (AFP) -- Overwhelmed Indian officials have cancelled plans to fill a handful of menial government jobs after being flooded with 75,000 applications -- some from university graduates. Local Business Wed, 26 Aug 2015 01:00:00 GMT Two suicides may be linked to Ashley Madison hack: police http://www.jamaicaobserver.com/business/Two-suicides-may-be-linked-to-Ashley-Madison-hack--police_19225768 OTTAWA, Canada (AFP ) -- The Ashley Madison hack has sparked "spin-off" crimes including extortion and may have led to two suicides, Canadian police said Monday, as the adultery website's parent company offered a sizeable reward for leads on the culprits. Local Business Wed, 26 Aug 2015 02:00:00 GMT JEA gives low marks to new National Export Strategy http://www.jamaicaobserver.com/business/JEA-gives-low-marks-to-new-National-Export-Strategy_19225756 EVEN as the Government moves to make exporting an expeditious process under the National Export Strategy (NES) Phase II, the concept has been criticised, particularly by those in the private sector, for being impractical. Local Business Wed, 26 Aug 2015 02:00:00 GMT Shaw urges micro creditors to assist failing businesses http://www.jamaicaobserver.com/business/Shaw-urges-micro-creditors-to-assist-failing-businesses_19225384 OPPOSITION spokesman on finance and planning, Audley Shaw, has urged microfinance institutions (MFIs) to diversify their products and services to assist small businesses in contributing more to economic growth. Local Business Mon, 24 Aug 2015 01:00:00 GMT JaMFA lauded for support to microfinancing institutions  http://www.jamaicaobserver.com/business/JaMFA-lauded-for-support-to-microfinancing-institutions_19225344 "Indeed, you have ensured that microfinancing institutions see their role in serving the needs of the client, even as the Government seeks to support the development of micro enterprises through strong commercial policies and reforms," he said. Local News Mon, 24 Aug 2015 02:00:00 GMT Comprehensive public financial management reform in progress http://www.jamaicaobserver.com/business/Comprehensive-public-financial-management-reform-in-progress_19225347 This, said the Ministry of Finance and Planning, should result in a more efficient and effective use of funds to deliver services to the public. Local News Mon, 24 Aug 2015 02:00:00 GMT Orchid Estates housing units up for sale September http://www.jamaicaobserver.com/business/Orchid-Estates-housing-units-up-for-sale-September_19225126 JAMAICAN Teas Limited will be offering 29 developed housing units in Orchid Estates, St Thomas, to potential homebuyers next month. Local Business Sun, 23 Aug 2015 00:00:00 GMT