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 Caribbean Flavours says share sale designed to fast-track growth http://www.jamaicaobserver.com/business/Caribbean-Flavours-says-share-sale-designed-to-fast-track-growth_18020946 CARIBBEAN Flavours & Fragrances (CFF) board members have explained that selling nearly half the company to Derrimon Trading would fast-track its growth. Local Business Fri, 28 Nov 2014 03:00:00 GMT Mayberry director urges Jamaicans to shed poverty mentality http://www.jamaicaobserver.com/business/Mayberry-director-urges-Jamaicans-to-shed-poverty-mentality_18026201 ACCOUNTANT Sushil Jain wants Jamaicans to think rich in order to remove the mentality of poverty from the cash-strapped nation. Local Business Fri, 28 Nov 2014 03:00:00 GMT Sterling sees profit dip, but interest income grows http://www.jamaicaobserver.com/business/Sterling-sees-profit-dip--but-interest-income-grows_18026660 The Charles Ross-led Sterling Investments Ltd (SIL) suffered from reduced foreign exchange (fx) gains and a dividend expense which led to a 21 per cent fall in its September quarterly profits to $9.8 million. Local Business Fri, 28 Nov 2014 03:00:00 GMT Doctor wants greater spend on health care http://www.jamaicaobserver.com/business/Doctor-wants-greater-spend-on-health-care_18025525 Dr Shane Alexis believes the Government should spend at least three times its current budget on health care. Local Business Fri, 28 Nov 2014 03:00:00 GMT Cloud benefits far outweigh the risks http://www.jamaicaobserver.com/business/Cloud-benefits-far-outweigh-the-risks_18026320 As many as 80 per cent of businesses can cut costs by up to 20 per cent using cloud computing, according to the European Commission. Local Business Fri, 28 Nov 2014 03:00:00 GMT Jamaica's fundamental challenges http://www.jamaicaobserver.com/business/Jamaica-s-fundamental-challenges_18025523 One of the things I pointed out early in my second book is that before we can solve a problem we need to understand what the fundamental issues are. I say that because over the years I find that we tend to address the symptoms of our problems rather than the underlying issues. Local Business Fri, 28 Nov 2014 03:00:00 GMT Several Caribbean countries complete CFATF review http://www.jamaicaobserver.com/business/Several-Caribbean-countries-complete-CFATF-review_18025752 GEORGETOWN, Guyana, (CMC) — The review process implemented by the Caribbean Financial Action Task Force (CFATF) and the International Co-operation Review Group (ICRG) has been completed by several countries in the region. Local Business Fri, 28 Nov 2014 03:00:00 GMT MIIC focusing on standards issues, says Hylton http://www.jamaicaobserver.com/business/MIIC-focusing-on-standards-issues--says-Hylton_18025902 MINISTER of Industry Investment and Commerce Anthony Hylton says that his ministry is now undertaking an initiative that will focus on strengthening key agencies and departments involved with standards development. Local News Fri, 28 Nov 2014 01:00:00 GMT Mitchell projects 2.6% growth this year http://www.jamaicaobserver.com/business/Mitchell-projects-2-6--growth-this-year_18025769 ST GEORGE'S, Grenada (CMC) — The Grenada economy is likely to grow by 2.6 per cent this year, Prime Minister Dr Keith Mitchell has said. Local Business Fri, 28 Nov 2014 03:00:00 GMT Taiwan funds projects in rural St Lucia http://www.jamaicaobserver.com/business/Taiwan-funds-projects-in-rural-St-Lucia_18025773 CASTRIES, St Lucia (CMC) — Taiwan has made available EC$5.4 million to fund development projects in rural communities across St Lucia. Local Business Fri, 28 Nov 2014 03:00:00 GMT Pro-market economist named Brazil's new finance minister http://www.jamaicaobserver.com/business/Pro-market-economist-named-Brazil-s-new-finance-minister_18026175 BRASILIA, Brazil (AFP) — Brazilian President Dilma Rousseff yesterday named Joaquim Levy, widely regarded as a pro-market figure, to be her new finance minister as her Government looks to steer the economy out of recession. Financial Fri, 28 Nov 2014 03:00:00 GMT WTO agrees to implement trade reform pact http://www.jamaicaobserver.com/business/WTO-agrees-to-implement-trade-reform-pact_18026222 GENEVA, Switzerland (AFP) — Ending months of deadlock, the World Trade Organisation (WTO) agreed yesterday to implement the first global trade reform agreement in its 19-year-history. Financial Fri, 28 Nov 2014 03:00:00 GMT Seek and you will find http://www.jamaicaobserver.com/business/Seek-and-you-will-find_18008012 "Ask and it will be given to you; Local Lifestyle Thu, 27 Nov 2014 00:00:00 GMT LASCO appointed Unilever distributor in Ja http://www.jamaicaobserver.com/business/LASCO-appointed-Unilever-distributor-in-Ja_18013639 LASCO Distributors Limited has been appointed distributors of Unilever food products in Jamaica. Local Business Wed, 26 Nov 2014 01:00:00 GMT Proven increases stake in Knutsford Express http://www.jamaicaobserver.com/business/Proven-increases-stake-in-Knutsford-Express_18013511 Financial outfit Proven Investments Limited has increased its stake in Knutsford Express Services Limited resulting in the bus firm becoming an associate company. Local Business Wed, 26 Nov 2014 01:00:00 GMT JMMB launches New Goal Planning Service http://www.jamaicaobserver.com/business/JMMB-launches-New-Goal-Planning-Service_18014691 Jamaica Money Market Brokers (JMMB) yesterday launched a new goal-planning service to the Jamaican market in what it said was an effort to make it easier for more people to plan for the achievement of their financial goals. Local Business Wed, 26 Nov 2014 01:00:00 GMT Digicel Business digs deeper into BYOD market http://www.jamaicaobserver.com/business/Digicel-Business-digs-deeper-into-BYOD-market_17990840 DIGICEL Business says it has partnered with a second mobile device management (MDM) provider as part of its thrust into the bring-your-own-device (BYOD) market. Local Business Wed, 26 Nov 2014 03:00:00 GMT Kingston Wharves projects domestic activity increase in December http://www.jamaicaobserver.com/business/Kingston-Wharves-projects-domestic-activity-increase-in-December_18013512 KINGSTON Wharves Limited (KWL) expects its December quarter to offer an uptick in domestic activity but show flat transshipment activity. Local Business Wed, 26 Nov 2014 01:00:00 GMT If a margin calls, will you answer? http://www.jamaicaobserver.com/business/If-a-margin-calls--will-you-answer-_18014049 INVESTORS, passive and active alike, are heavily reliant on the counsel, guidance and advice of licensed finance professionals when making investment decisions. Local Business Wed, 26 Nov 2014 01:00:00 GMT Sony warns reforms needed before smartphones make money http://www.jamaicaobserver.com/business/Sony-warns-reforms-needed-before-smartphones-make-money_18014003 TOKYO, Japan (AFP) Struggling Sony warned it needs to carry out years of root and branch reform before it can turn around its battered smartphone arm. Local Business Wed, 26 Nov 2014 01:00:00 GMT Mustard Seed cuts $40,000 a week water bill at St Ann home http://www.jamaicaobserver.com/business/Mustard-Seed-cuts--40-000-a-week-water-bill-at-St-Ann-home_17990761 FOR five years, Mustard Seed Communities spent upwards of $40,000 a week on trucked water for its Jacob's Ladder Apostolate in St Ann. Local Business Wed, 26 Nov 2014 01:00:00 GMT Singapore economy to grow 3.0 percent in 2014: Gov't http://www.jamaicaobserver.com/business/Singapore-economy-to-grow-3-0-percent-in-2014--Gov-t-_18014000 SINGAPORE, Singapore ( AFP) — Singapore's economy is expected to slow to growth of 3.0 per cent this year as a global deterioration hits the city-state's crucial trade outlook, the government said yesterday. Local Business Wed, 26 Nov 2014 01:00:00 GMT Stagnant eurozone poses ‘major risk’ to world growth: OECD http://www.jamaicaobserver.com/business/Stagnant-eurozone-poses--major-risk--to-world-growth--OECD_18013921 PARIS, France (AFP) — The weak eurozone economy poses a key threat to global growth, the Oraganisation for Economic Cooperation and Development (OECD) warned yesterday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession. Local Business Wed, 26 Nov 2014 01:00:00 GMT Americans urged to STOP wasting food http://www.jamaicaobserver.com/business/Americans-urged-to-STOP-wasting-food_18013917 WASHINGTON, United States (AFP) — In the run-up to Thanksgiving, a holiday to celebrate bountiful harvests, Americans are being urged to stop wasting food so much. Local Business Wed, 26 Nov 2014 01:00:00 GMT Russia loses US$140b from sanctions, oil price http://www.jamaicaobserver.com/business/Russia-loses-US-140b-from-sanctions--oil-price_18013999 MOSCOW, Russia (AFP) — Russia is losing up to US$140 billion (113 billion euros) a year because of Western sanctions over the Ukraine conflict and plunging oil prices, but President Vladimir Putin has dismissed the economic damage as "not fatal". Local Business Wed, 26 Nov 2014 01:00:00 GMT