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 GraceKennedy donates $1m to UWI plastic programme http://www.jamaicaobserver.com/business/GraceKennedy-donates--1m-to-UWI-plastic-programme_18001510 THE GraceKennedy Foundation, along with its parent company GraceKennedy has donated $1 million to the University of the West Indies (UWI) Mona Plastic Separation Programme. Local News Mon, 24 Nov 2014 03:00:00 GMT Student housing firm seeking $562 million from IPO http://www.jamaicaobserver.com/business/Student-housing-firm-seeking--562-million-from-IPO_17990549 HOUSING start-up 138 Student Living Jamaica Ltd aims to cumulatively raise $562 million in an initial public offer on the Jamaica Stock Exchange this month. Local Business Sun, 23 Nov 2014 01:00:00 GMT Is outliving your savings a fate worse than death? http://www.jamaicaobserver.com/business/Is-outliving-your-savings-a-fate-worse-than-death-_17931170 NEW YORK (Reuters) — When faced with the prospect of outliving their money, most people might toss and turn at night or obsess about where to slash their budgets. Local Business Sun, 23 Nov 2014 01:00:00 GMT Defying the odds with Derrimon Trading Ltd http://www.jamaicaobserver.com/business/Defying-the-odds-with-Derrimon-Trading-Ltd_17995100 Below is the story on one of the nominees for this year’s Jamaica Observer Business Leader Award. All the nominees are drawn from the list of entrepreneurs who have listed their companies on the Junior Stock Exchange. The Business Leader Award presentation takes place on Sunday, December 7, 2014 at the Jamaica Pegasus Hotel. Local News Sun, 23 Nov 2014 01:00:00 GMT HEART to the rescue http://www.jamaicaobserver.com/business/HEART-to-the-rescue_17989055 THE HEART Trust/NTA hopes to reduce the number of vacancies within the Business Process Outsourcing (BPO) industry with its new training and recruiting programme. Local Business Sun, 23 Nov 2014 01:00:00 GMT Course fee frustration http://www.jamaicaobserver.com/business/Course-fee-frustration_17974696 Dear Claudienne, Local Business Sun, 23 Nov 2014 01:00:00 GMT Changing landscape for marketers — A Jamaican reality http://www.jamaicaobserver.com/business/Changing-landscape-for-marketers---A-Jamaican-reality_17954797 IN days gone by, marketing was about hosting the most talked-about event or publishing the most attractive advertising, or just about making people happy. However, the past few years have seen several developments that have changed, and in some cases threatened, traditional marketing activities and the way marketers create value for their customers -- internal and external. There has been a shift in the behaviour of marketers and at the heart of this is the consumer. Local Business Sun, 23 Nov 2014 01:00:00 GMT PIOJ projects 1.5% growth in December quarter http://www.jamaicaobserver.com/business/PIOJ-projects-1-5--growth-in-December-quarter_17990055 THE Planning Institute of Jamaica (PIOJ) expects the island to post growth up to 1.5 per cent in the December quarter which would offset contractionary drought conditions three months earlier. Local Business Sun, 23 Nov 2014 01:00:00 GMT MSME Alliance rolls out discount card http://www.jamaicaobserver.com/business/MSME-Alliance-rolls-out-discount-card_17983810 In what it says is a bid to further stimulate the business environment, the Micro, Small and Medium-Sized Enterprise (MSME) Alliance on Thursday launched a discount card. Local Business Sun, 23 Nov 2014 01:00:00 GMT World's ultra-rich few in numbers and growing richer http://www.jamaicaobserver.com/business/World-s-ultra-rich-few-in-numbers-and-growing-richer_17987466 WASHINGTON, DC, USA (AFP) — A bare 0.004 per cent of the world's adult population controls nearly US$30 trillion in assets, 13 per cent of the world's total wealth, according to a new study released Thursday. Financial Sun, 23 Nov 2014 01:00:00 GMT HSBC Private Bank under tax fraud probe http://www.jamaicaobserver.com/business/HSBC-Private-Bank-under-tax-fraud-probe_17988808 PARIS, France (AFP) — HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said Friday it had been placed under formal investigation as part of a French tax fraud probe. Financial Sun, 23 Nov 2014 01:00:00 GMT RBC to trim wealth management, international advisory unit http://www.jamaicaobserver.com/business/RBC-to-trim-wealth-management--international-advisory-unit TORONTO (Reuters) -- Royal Bank of Canada said on Friday it is shutting down its international client-wealth-management business in the Caribbean, along with some international advisory businesses in Canada and the United States. Local Business Sat, 22 Nov 2014 12:56:30 GMT Eppley raises $350 million in 60 seconds http://www.jamaicaobserver.com/business/Eppley-raises--350-million-in-60-seconds_17981917 FINANCIAL outfit Eppley Limited raised $350 million in a new preference share offer that was oversubscribed 60 seconds after opening. Local Business Fri, 21 Nov 2014 03:00:00 GMT Jamaica signals intention to borrow US$1b http://www.jamaicaobserver.com/business/Ja-signals-intention-to-borrow-US-1b_17981926 JAMAICA will consider floating up to US$1 billion in debt over an unspecified period within the United States, according to its registration filing this month. Local Business Fri, 21 Nov 2014 03:00:00 GMT Lower oil prices will benefit JPS customers, says Tomblin http://www.jamaicaobserver.com/business/Lower-oil-prices-will-benefit-JPS-customers--says-Tomblin_17981742 JAMAICA Public Service (JPS) President Kelly Tomblin expects lower oil prices to benefit the utility company amid posting US$3.6 million ($413 m) net profit for its September 2014 quarter. Local Business Fri, 21 Nov 2014 03:00:00 GMT We still have work to do, says Wynter http://www.jamaicaobserver.com/business/We-still-have-work-to-do--says-Wynter-_17982985 On Wednesday, at its quarterly press briefing, the Bank of Jamaica (BOJ) projected flat to negative one per cent real GDP growth for the quarter ending in September, mainly due to the impact of the drought on agricultural crops and on the production of water. However, the bank argued that the economy would recover at an accelerating pace over the next four quarters, starting in December 2014. Local Business Fri, 21 Nov 2014 03:00:00 GMT Carreras posts $613 million in 2Q net profit http://www.jamaicaobserver.com/business/Carreras-posts--613-million-in-2Q-net-profit-_17982554 CARRERAS Group, the large cigarette distributor, has cautioned that its volumes could drop this financial year due to additional tobacco restrictions. Local Business Fri, 21 Nov 2014 03:00:00 GMT 'We don't want their junk' http://www.jamaicaobserver.com/business/-We-don-t-want-their-junk-_17974643 ST JOHN'S, Antigua (CMC) — The Antigua and Barbuda Government has defended the decision to ban the importation of used vehicles more than five years old into the island. Local Business Fri, 21 Nov 2014 03:00:00 GMT Inflation within target, says central bank governor http://www.jamaicaobserver.com/business/Inflation-within-target--says-central-bank-governor_17974242 BANK of Jamaica (BOJ) Governor Brian Wynter says the annual inflation is expected to remain within the seven to nine per cent target range for the 2014/15 fiscal year. Local News Fri, 21 Nov 2014 02:00:00 GMT First supplementary estimates to be tabled next Tuesday http://www.jamaicaobserver.com/business/First-supplementary-estimates-to-be-tabled-next-Tuesday_17974231 THE first supplementary estimates for the 2014/15 financial year will be tabled in the House of Representatives next Tuesday, November 25. Local News Fri, 21 Nov 2014 03:00:00 GMT SIDS remain marginalised from key transport networks — UNCTAD http://www.jamaicaobserver.com/business/SIDS-remain-marginalised-from-key-transport-networks---UNCTAD_17982008 GENEVA, Switzerland -- Small island developing states (SIDS) face severe and complex transport challenges, the United Nations Conference on Trade and Development (UNCTAD) has reported in its Review of Maritime Transport 2014. Local Business Fri, 21 Nov 2014 03:00:00 GMT Oil prices rebound http://www.jamaicaobserver.com/business/Oil-prices-rebound_17982790 LONDON, England (AFP) — Global oil prices rebounded yesterday, reversing earlier losses as traders embraced a raft of upbeat economic data in top crude consumer the United States. Financial Fri, 21 Nov 2014 03:00:00 GMT Ask and You Will Receive http://www.jamaicaobserver.com/business/Ask-and-You-Will-Receive_17955607 Many of the obstacles which prevent people from accomplishing their goals and dreams are not complex issues; they can often be simple problems which are relatively easy to resolve. Sometimes persons create self-made barriers without recognising that they are sabotaging their own success. Local Lifestyle Thu, 20 Nov 2014 03:00:00 GMT Local pumps not keeping pace with fall in global oil prices http://www.jamaicaobserver.com/business/Local-pumps-not-keeping-pace-with-fall-in-global-oil-prices_17966902 MARGINS and multinationals are to blame for the slower pass-through of oil prices at the pumps, according to Trevor Heaven, former president of the Jamaica Gasoline Retailers Association (JGRA). Local Business Wed, 19 Nov 2014 00:19:00 GMT Junior Market tax incentive gains support http://www.jamaicaobserver.com/business/Junior-Market-tax-incentive-gains-support_17968606 The Jamaica Stock Exchange (JSE) yesterday indicated that its quiet lobby to preserve the tax incentive afforded under the Junior Market has gained support from enclaves within the Private Sector Organisation of Jamaica (PSOJ), a position that runs counter to recommendations made by the organisation two years ago. Business Leader Wed, 19 Nov 2014 00:19:00 GMT