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 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 Frustrating birth certificate error http://www.jamaicaobserver.com/business/Frustrating-birth-certificate-error_18096735 Dear Claudienne, Local Business Sun, 14 Dec 2014 01:00:00 GMT InterCaribbean Airways makes next move to cross-link Caribbean http://www.jamaicaobserver.com/business/InterCaribbean-Airways-makes-next-move-to-cross-link-Caribbean_18098512 InterCaribbean Airways was yesterday scheduled to start offering flights originating from Kingston to Port-au-Prince, Haiti as part of its move to cross-link the Caribbean. Local Business Sun, 14 Dec 2014 01:00:00 GMT Oil plunges again, reaches recession-level depths http://www.jamaicaobserver.com/business/Oil-plunges-again--reaches-recession-level-depths_18099139 NEW YORK, USA (AP) — Another forecast of weak global demand, another nosedive for oil. Local Business Sun, 14 Dec 2014 01:00:00 GMT Zacca lauded for contribution to nation building http://www.jamaicaobserver.com/business/Zacca-lauded-for-contribution-to-nation-building_18097050 The Government has commended outgoing Private Sector Organisation of Jamaica (PSOJ) President Chris Zacca for his invaluable contribution to nation building, particularly the country's economic reform programme (ERP). Local Business Sun, 14 Dec 2014 01:00:00 GMT Study surprise http://www.jamaicaobserver.com/business/Study-surprise_18092634 GENEVA, Switzerland (AFP) — Dramatically expanding broadband access would boost the global economy and could do more good than investing in HIV prevention or clean drinking water, according to a study published Thursday. Local Business Sun, 14 Dec 2014 01:00:00 GMT CWC/Columbus new company will invest US$400m in broadband expansion http://www.jamaicaobserver.com/business/CWC-Columbus-new-company-will-invest-US-400m-in-broadband-expansion KINGSTON, Jamaica — Cable and Wireless Communications (CWC) and Columbus International Inc. (Columbus) today announced a customer charter that they say will guide how the new company would operate following the approval and closing of their merger. Local Business Fri, 12 Dec 2014 16:37:23 GMT Airport fees to soar http://www.jamaicaobserver.com/business/Airport-fees-to-soar_18093751 Passenger fees at Sangster International Airport (SIA) in Montego Bay are set to jump the highest in the nation, at 121 per cent, according to the Jamaica Civil Aviation Authority (JCAA) in its latest Economic Review Report. Local Business Fri, 12 Dec 2014 03:00:00 GMT DPP knocks 'archaic' Evidence Act http://www.jamaicaobserver.com/business/DPP-knocks--archaic--Evidence-Act-_18092372 Paula Llewellyn is lamenting a provision in the Evidence Act requiring the State to prove that computers being used to generate evidence are actually working. Local Business Fri, 12 Dec 2014 03:00:00 GMT