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 Stock prices could double within a year http://www.jamaicaobserver.com/business/Stock-prices-could-double-within-a-year_18811055 STOCK prices could double in as early as a year, reasoned panelists at the Mayberry Investor Forum. Local Business Fri, 24 Apr 2015 02:00:00 GMT Ganja producers seek JIPO protection http://www.jamaicaobserver.com/business/Ganja-producers-seek-JIPO-protection_18811051 MORE than a dozen applications to register ganja products are before the state-run Jamaica Intellectual Property Office (JIPO), which overseas rights in Jamaica including patents and trademarks. Local Business Fri, 24 Apr 2015 02:00:00 GMT Marketing Counselors is Jamaica Observer’s top agency http://www.jamaicaobserver.com/business/Marketing-Counselors-is-Jamaica-Observer-s-top-agency_18811026 ADVERTISING agency Marketing Counselors was again crowned Top Agency in the Jamaica Observer's Advertising and Billing Awards 2014 for the highest volume of advertisements placed in the newspaper last year. Local Business Fri, 24 Apr 2015 02:00:00 GMT First Angels Ja makes first investment with DRT Communications — plans to invest in 5 start-ups this year http://www.jamaicaobserver.com/business/First-Angels-Ja-makes-first-investment-with-DRT-Communications---plans-to-invest-in-5-start-ups-this-year-_18811041 INVESTOR group First Angels Jamaica (FAJ) has inked its first investment deal with local start-up company DRT communications. Local Business Fri, 24 Apr 2015 02:00:00 GMT J'can firms and consumers increasingly optimistic about economy http://www.jamaicaobserver.com/business/J-can-firms-and-consumers-increasingly-optimistic-about-economy_18811079 JAMAICA'S business confidence is at its highest level in eight years as firms continue to express confidence that the economic policies of the government will improve the economy and the financial health of businesses. Local Business Fri, 24 Apr 2015 02:00:00 GMT What does economic and social change look like? http://www.jamaicaobserver.com/business/What-does-economic-and-social-change-look-like-_18811031 PERHAPS the question I get asked most frequently is about the economy and the prospects for it. One of the things I hate the most is when people engage you on the economy and ask about the prospects, but then don't give you a chance to answer and then go on to curse everyone who is living and dead, about the difficulties in the economy. They then go into the history of our economic mismanagement and then naturally their argument progresses to placing blame on one political party or another. All of this before I have answered the question, which always leads me to wonder why they don't call a talk show to vent rather than ask the question. Local Business Fri, 24 Apr 2015 02:00:00 GMT Forex: J$115.39 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-115-39-to-one-US-dollar2015-04-24T15-33-54 KINGSTON, Jamaica – The US dollar on Friday, April 24, ended trading at J$115.39, up nine cents according to the Bank of Jamaica daily foreign exchange trading summary. Local News Fri, 24 Apr 2015 17:32:24 GMT 30 per cent of Jamaicans have no bank account http://www.jamaicaobserver.com/business/30-per-cent-of-J-cans-have-no-bank-account_18811091 MONTEGO BAY, St James — With more than 30 per cent of Jamaicans said to be "unbanked", chairman of the Financial Services Commission (FSC), Colin Bullock, is calling for greater financial inclusion for all citizens as a key ingredient in fostering growth and national development. Local News Fri, 24 Apr 2015 02:00:00 GMT Samsung launches Galaxy S6 and S6 Edge http://www.jamaicaobserver.com/business/Samsung-launches-Galaxy-S6-and-S6-Edge_18809636 SAMSUNG launched its two new mobile phones — the Galaxy S6 and Galaxy S6 Edge --yesterday evening at the Jamaica Pegasus Hotel in Kingston, with a boast that in just one week heavy consumer demand has resulted in 20 million units being reserved worldwide. Local Business Fri, 24 Apr 2015 02:00:00 GMT Puerto Rico bank warns of imminent government shutdown http://www.jamaicaobserver.com/business/Puerto-Rico-bank-warns-of-imminent-government-shutdown_18811081 SAN JUAN, Puerto Rico (AP) — Puerto Rico's Government Development Bank says it is very likely the US territory's Government could be forced to shut down in the next three months due to a lack of funds. Local Business Fri, 24 Apr 2015 02:00:00 GMT Maintaining your health http://www.jamaicaobserver.com/business/Maintaining-your-health_18795156 Last week we looked at the connection between wealth and wellness, noting that ill health can jeopardise your finances. Sickness can decrease your work output, deplete your savings and destroy your plans for the future. You need to have good health to pursue great wealth. Local Lifestyle Thu, 23 Apr 2015 00:00:00 GMT Five bidders shortlisted for NMIA privatisation http://www.jamaicaobserver.com/business/Five-bidders-shortlisted-for-NMIA-privatisation_18804438 FIVE potential bidders will be invited to participate in the Request for Proposal stage for the privatisation of the Norman Manley International Airport in Kingston. Local News Thu, 23 Apr 2015 02:00:00 GMT GK set to earn half its revenues overseas http://www.jamaicaobserver.com/business/GK-set-to-earn-half-its-revenues-overseas_18797642 THE international expansion of the GraceKennedy (GK) group puts it on an imminent path to earn half of its revenues outside the island with one-third of its staff based overseas. Local Business Wed, 22 Apr 2015 00:00:00 GMT UMIUM — coconuts for Jamaican chocolate spread http://www.jamaicaobserver.com/business/UMIUM---coconuts-for-Jamaican-chocolate-spread_18797651 June Gottgens is adamant on playing her part in revitalising Jamaica's cocoa and coconut industries. Local Business Wed, 22 Apr 2015 00:00:00 GMT Proven raises US$30 million http://www.jamaicaobserver.com/business/Proven-raises-US-30-million_18797659 Financial outfit Proven Investments Ltd raised close to US$30 million (J$3.5b) in its rights issue based on strong uptake from the market. Local Business Wed, 22 Apr 2015 00:00:00 GMT Is your website last years design? http://www.jamaicaobserver.com/business/Is-your-website-last-years-design--_18797603 Web design concepts are always changing and as a result it is fairly easy for a web designer or a seasoned browser of the Internet with a keen eye and a knowledge of the new trends in design to detect whether or not your website is cutting-edge or "old school". Local Business Wed, 22 Apr 2015 00:00:00 GMT Zambia slashes controversial mining levy by 50% http://www.jamaicaobserver.com/business/Zambia-slashes-controversial-mining-levy-by-50--_18797632 LUSAKA, Zambia (AFP) — Zambia on Monday slashed by more than half a controversial mineral royalty tax after investors threatened to pull out of the copper-rich country. Local Business Wed, 22 Apr 2015 00:00:00 GMT Make it look pretty! http://www.jamaicaobserver.com/business/Make-it-look-pretty--_18797476 When most people think of design their first thought is, "OK, now let's make it look pretty." It's that last patina of beauty to get people attracted to, or to like the product or service for them to buy it. Wrong! Local Business Wed, 22 Apr 2015 00:00:00 GMT Until someone loses an eye http://www.jamaicaobserver.com/business/Until-someone-loses-an-eye_18797655 THIS time of year, many businesses plan their Sports Day, Family Fun Day or similar extra-curricular or team-building activities. Where these events take place on a weekend, outside of the office and the staff are not required to attend, it is tempting to assume that the company (or business owner) will not be liable for any accident or injury that might occur. It's all just fun and games after all, isn't it? This might have been the prevailing thinking years ago, but more recently authorities suggest otherwise. Local Business Wed, 22 Apr 2015 00:00:00 GMT Investing in growth stocks http://www.jamaicaobserver.com/business/Investing-in-growth-stocks_18797533 A growth stock is a company whose earnings are expected to grow at a rate higher than the market's average. These companies usually do not pay dividends as they prefer to reinvest their profits while they continue to expand and grow. Investors who purchase growth stocks are usually focusing on the company's future potential as opposed to the company's current stock price. Therefore, investors will seek companies whose earnings have been growing at an increasing rate, or companies that are in fast growing industries. Local Business Wed, 22 Apr 2015 00:00:00 GMT China’s biggest auto show opens as economy slows http://www.jamaicaobserver.com/business/China-s-biggest-auto-show-opens-as-economy-slows_18797419 SHANGHAI, China (AFP) — Global carmakers including Volkswagen, Ford and General Motors (GM) showed off hundreds of vehicles in Shanghai Monday, adamant that China remains the promised land even though sales growth has hit the brakes. Local Business Wed, 22 Apr 2015 00:00:00 GMT Marriott Hotel could be a game-changer http://www.jamaicaobserver.com/business/Marriott-Hotel-could-be-a-game-changer_18797674 AFTER expanding its footprints in roughly 50 countries globally, a number of local business operators within the Caribbean observe Marriott Hotel as a game-changer for their businesses. Local Business Wed, 22 Apr 2015 00:00:00 GMT Forex: J$115.24 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-115-24-to-one-US-dollar KINGSTON, Jamaica – The US dollar on Wednesday, April 22, ended trading at J$115.24, up five cents according to the Bank of Jamaica daily foreign exchange trading summary. Local News Wed, 22 Apr 2015 17:28:52 GMT 'Perfect' diamond sells for US$22m in New York http://www.jamaicaobserver.com/business/-Perfect--diamond-sells-for-US-22m-in-New-York_18797690 NEW YORK, United States (AFP) — A "perfect" 100-carat diamond originally mined in South Africa sold for US$22.1 million in New York on Tuesday in three minutes of bidding, Sotheby's said. Local Business Wed, 22 Apr 2015 00:00:00 GMT 'Call me': Indonesian leader woos investors at key Asia forum http://www.jamaicaobserver.com/business/-Call-me---Indonesian-leader-woos-investors-at-key-Asia-forum-_18797428 JAKARTA, Indonesia (AFP) Indonesian President Joko Widodo turned on his man-of-the people charm at a key Asian business forum Monday, telling investors they could just give him a call if they ran into trouble. Local Business Wed, 22 Apr 2015 00:00:00 GMT