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 Digicel proposes to raise US$925m — Fitch http://www.jamaicaobserver.com/business/Digicel-proposes-to-raise-US-925m---Fitch-_18478869 Digicel, the Irish-owned telecom giant, expects to raise US$925 million (J$106.4 b) in senior notes in order to redeem a previous issue, stated US-based rating agency Fitch. Local Business Fri, 27 Feb 2015 03:00:00 GMT Shame on us! - Lee Chin http://www.jamaicaobserver.com/business/Shame-on-us----Lee-Chin-_18477768 BUSINESS guru Michael Lee Chin cries shame on the Jamaican society for its dysfunctionality in the agricultural sector. Local Business Fri, 27 Feb 2015 03:00:00 GMT CCC assets pledged in defaulted TCL loan http://www.jamaicaobserver.com/business/CCC-assets-pledged-in-defaulted-TCL-loan_18478061 CARIBBEAN Cement Company (CCC) made J$138 million net profit over 12 months ending December 2014 -- its highest in years -- but its future as a going concern remains uncertain, according to its auditors Ernst & Young. Local Business Fri, 27 Feb 2015 03:00:00 GMT Bank of Jamaica projects inflation to fall below 5% http://www.jamaicaobserver.com/business/Bank-of-Jamaica-projects-inflation-to-fall-below-5-_18478575 AT the Bank of Jamaica (BOJ) quarterly press briefing yesterday, Governor Brian Wynter, going beyond his written press release, boldly stated that "this fiscal year, inflation will be below five per cent". Local Business Fri, 27 Feb 2015 03:00:00 GMT Jamaica passes 7th IMF test — despite tax underperformance http://www.jamaicaobserver.com/business/Jamaica-passes-7th-IMF-test---despite-tax-underperformance_18477817 Jamaica has received approval from the International Monetary Fund (IMF) for its 7th review, despite missing the "indicative" target on tax revenue. Local Business Fri, 27 Feb 2015 03:00:00 GMT Giant airport for Cuba — Russia, Abu Dhabi in talks: report http://www.jamaicaobserver.com/business/Giant-airport-for-Cuba---Russia--Abu-Dhabi-in-talks--report_18477584 ABU DHABI, United Arab Emirates (AFP) — Russia is seeking backing from Abu Dhabi investors to build a giant airport in Cuba seen as an international gateway to Latin America, a report said Wednesday. Local Business Fri, 27 Feb 2015 03:00:00 GMT Keith Panton, former J'can head of Alcan, dies http://www.jamaicaobserver.com/business/Keith-Panton--former-J-can-head-of-Alcan--dies_18476317 KEITH Panton, former head of Alcan operations in Jamaica, died last week at the University of Florida's Shands Hospital in Gainsville. Local Business Fri, 27 Feb 2015 03:00:00 GMT Indiscipline and lawlessness promote social inequality http://www.jamaicaobserver.com/business/Indiscipline-and-lawlessness-promote-social-inequality_18477040 LAST week I spoke about the lack of proper parenting skills being Jamaica's fundamental problem -- and the root cause of almost every challenge we face. Local Business Fri, 27 Feb 2015 03:00:00 GMT Developing critical management talent - step one http://www.jamaicaobserver.com/business/Developing-critical-management-talent---step-one_18465753 READERS will recall that in previous articles we examined the reasons for creating a strategic business plan, as well as its contents and use as a strategic tool for communicating with investors. Today we will seek to flesh out a strategy for developing critical management talent that is also culturally informed. Local Business Thu, 26 Feb 2015 00:00:00 GMT Choosing Your Investment Strategy: Growth and Value Investing http://www.jamaicaobserver.com/business/Choosing-Your-Investment-Strategy--Growth-and-Value-Investing_18464822 THERE are many different ways to invest in the stock market. As a part of your investment strategy it is ideal to ensure that before making any investment decisions, there is an outline of your investment objectives/timeline in aiding towards making strategic and prudent investment decisions. Local Business Thu, 26 Feb 2015 00:00:00 GMT South Africa's growth slumps to 1.5% http://www.jamaicaobserver.com/business/South-Africa-s-growth-slumps-to-1-5-_18464728 PRETORIA, South Africa (AFP) -- South Africa's growth rate fell to 1.5 per cent last year, official data showed Tuesday, as strikes and power cuts hobbled Africa's second-largest economy. Local Business Thu, 26 Feb 2015 00:00:00 GMT Giving Up On Your Goal http://www.jamaicaobserver.com/business/Giving-Up-On-Your-Goal_18466813 Kimberly rolled over and looked at her bedside clock with dismay. The jarring alarm had jolted her from a blissful dream and she reluctantly swung her legs onto the floor. It was getting increasingly difficult for her to rise each morning and she longed to stay in bed for one more hour. Local Lifestyle Thu, 26 Feb 2015 01:00:00 GMT A closer look at Jamaica's 2015/2016 budget http://www.jamaicaobserver.com/business/A-closer-look-at-Jamaica-s-2015-2016-budget_18465926 AS usual, in analysing Jamaica's budget it is first necessary to correct some difficulties that the format seems to present to some journalists and columnists. Local Business Wed, 25 Feb 2015 00:00:00 GMT $500m to protect Palisadoes http://www.jamaicaobserver.com/business/-500m-to-protect-Palisadoes THE addition of mangrove nurseries and sand dunes costing nearly J$1/2 billion are slated to fortify the Palisadoes roadway in Kingston from storm surges, a just released report indicates. Local Business Wed, 25 Feb 2015 00:00:00 GMT Jamaica should grow 1.5 per cent this quarter — PIOJ http://www.jamaicaobserver.com/business/Jamaica-should-grow-1-5-per-cent-this-quarter---PIOJ_18466812 JAMAICA'S economy shrank by 0.3 per cent in the 2014 fourth quarter, but should see a recovery of up to 1.5 per cent over the January to March 2015 period, said the Planning Institute of Jamaica (PIOJ). Local Business Wed, 25 Feb 2015 00:00:00 GMT Derrimon expands to five Sampars supermarkets http://www.jamaicaobserver.com/business/Derrimon-expands-to-five-Sampars-supermarkets_18465060 THE rapidly growing Derrimon Trading Company Ltd, which operates Sampars Cash & Carry, recently acquired its fifth supermarket outlet for $25 million plus the value of inventory, according to its preference share prospectus. Local Business Wed, 25 Feb 2015 00:00:00 GMT NSIPP Registry and the issues of privacy http://www.jamaicaobserver.com/business/NSIPP-Registry-and-the-issues-of-privacy_18466205 THERE has been much furore recently about the National Security Interests in Personal Property (NSIPP) Registry and persons trying to run from or ascribe blame for what is now perceived to be a blunder..... but has there really been a mistake? Local Business Wed, 25 Feb 2015 00:00:00 GMT Noranda to save US$5m annually via improved port http://www.jamaicaobserver.com/business/Noranda-to-save-US-5m-annually-via-improved-port_18466502 US-based Noranda Aluminum Holding Corporation expects to save more than US$5 million ($550 m) annually in shipping costs with its newly deepened and expanded port in St Ann, Jamaica. Local Business Wed, 25 Feb 2015 00:00:00 GMT Patwa — merging language with fashion http://www.jamaicaobserver.com/business/Patwa---merging-language-with-fashion_18466738 MERGING language with fashion Patwa Apparel creates hip and trendy Jamaican clothing emblazoned with Jamaican messages that its owners say "make the world smile". Local Business Wed, 25 Feb 2015 03:00:00 GMT Jamaica passes 7th IMF test http://www.jamaicaobserver.com/business/Jamaica-passes-7th-IMF-test KINGSTON, Jamaica — Jamaica has received approval from the International Monetary Fund (IMF) for its seventh review, despite missing the “indicative” target on tax revenue. Local News Wed, 25 Feb 2015 19:14:50 GMT Gas prices up $1.47, diesel up $0.25 http://www.jamaicaobserver.com/business/Gas-prices-up--1-47--diesel-up--0-25 KINGSTON, Jamaica — Motorists should see an increase at the pumps in prices of gasoline and diesel effective Thursday, February 26 with an increase in ex-refinery costs from Petrojam. Local News Wed, 25 Feb 2015 18:14:56 GMT FOREX: J$115.60 to one US dollar http://www.jamaicaobserver.com/business/FOREX--J-115-60-to-one-US-dollar2015-02-25T15-01-33 KINGSTON, Jamaica – The US dollar on Wednesday, February 25, ended trading at J$115.60 up one cent according to the Bank of Jamaica’s daily foreign exchange trading summary. Local News Wed, 25 Feb 2015 17:59:57 GMT Radio Shack http://www.jamaicaobserver.com/business/Radio-Shack_18464731 INDIANA, USA — Sale signs greet customers walking to the Radio Shack at Valley View Plaza in Marion, Indiana, on Friday, February 20, 2015. The store is among the nation-wide Radio Shacks slated to close in the wake of the company's February 5 bankruptcy filing. Local Business Wed, 25 Feb 2015 00:00:00 GMT British ‘chocolate greenhouse’ saving the world’s cocoa http://www.jamaicaobserver.com/business/British--chocolate-greenhouse--saving-the-world-s-cocoa_18464715 LONDON, UK (AFP) — Chocolate lovers, take heart: a steamy greenhouse near London is helping to ensure that cocoa crops globally remain disease-free and bountiful to cope with the growing appetite for sweet treats. Local Business Wed, 25 Feb 2015 00:00:00 GMT eMedia to launch online creative institution http://www.jamaicaobserver.com/business/eMedia-to-launch-online-creative-institution--BY-KARENA-BENNETT-_18466586 Local media company eMedia Interactive will be launching its online creative institution in April 2016. Local Business Wed, 25 Feb 2015 00:00:00 GMT