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 Ads Global eyes listing http://www.jamaicaobserver.com/business/Ads-Global-eyes-listing_17376845 LOCAL outsourcing firm, Ads Global, wants to list on the Jamaica Stock Exchange. Local Business Wed, 20 Aug 2014 02:00:00 GMT Self Start Fund resumes lending to MSMEs http://www.jamaicaobserver.com/business/Self-Start-Fund-resumes-lending-to-MSMEs THE Self Start Fund (SSF) has resumed lending after a year’s suspension during which time it sought to lower its high delinquency rate and strengthen its internal systems. Local Business Wed, 20 Aug 2014 01:52:05 GMT Fly Jamaica expanding http://www.jamaicaobserver.com/business/Fly-Jamaica-expanding FLY Jamaica aims to service a major South American city with the acquisition of its new aircraft. Local Business Wed, 20 Aug 2014 01:43:39 GMT Purity, Miss Birdie exports up by 25% in June quarter http://www.jamaicaobserver.com/business/Purity--Miss-Birdie-exports-up-by-25--in-June-quarter_17380849 CONSOLIDATED Bakeries' brands of Easter bun helped boost export sales by 25 per cent during the three months to June 30. Local Business Wed, 20 Aug 2014 02:00:00 GMT SSL spins off cambio, remittance company http://www.jamaicaobserver.com/business/SSL-spins-off-cambio--remittance-company STOCKS and Securities Limited (SSL) is spinning off its cambio and remittance services into a separate company. Local Business Wed, 20 Aug 2014 01:52:03 GMT Jamaican carves out clothing niche online http://www.jamaicaobserver.com/business/Jamaican-carves-out-clothing-niche-online TARIKE Clarke generates over US$120,000 ($13.6 million) in revenues annually from her online clothing business. Local Business Wed, 20 Aug 2014 01:50:10 GMT AmCham opens nominations for Business and Civic Leadership Awards http://www.jamaicaobserver.com/business/AmCham-opens-nominations-for-Business-and-Civic-Leadership-Awards THE American Chamber of Commerce of Jamaica (AmCham) yesterday opened nominations for the AmCham Business and Civic Leadership Awards 2014. Local Business Wed, 20 Aug 2014 01:43:46 GMT VMBS sees dramatic fall in foreclosures http://www.jamaicaobserver.com/business/VMBS-sees-dramatic-fall-in-foreclosures_17381839 VICTORIA Mutual Building Society (VMBS) recorded a three-quarters drop in property foreclosures last year. Local Business Wed, 20 Aug 2014 02:00:00 GMT Dolphin Cove profit rises 35% http://www.jamaicaobserver.com/business/Dolphin-Cove-profit-rises-35-_17381700 DOLPHIN Cove posted $139 million in net profit for the three months to June 30. Local Business Wed, 20 Aug 2014 02:00:00 GMT Carib cement back in the red http://www.jamaicaobserver.com/business/Carib-cement-back-in-the-red_17355701 CARIBBEAN Cement Company is back in a loss position. The cement manufacturer incurred an $89-million net loss for the three months to June 30. Local Business Wed, 20 Aug 2014 02:00:00 GMT Cash-strapped song publisher C2W Music makes profit for the first time http://www.jamaicaobserver.com/business/Cash-strapped-song-publisher-C2W-Music-makes-profit-for-the-first-time_17381838 SONG publisher C2W Music posted its first net profit since listing on the Jamaica Stock Exchange (JSE) some two years ago. Local Business Wed, 20 Aug 2014 02:00:00 GMT Medical Disposables bottom line jumps 55% http://www.jamaicaobserver.com/business/Medical-Disposables-bottom-line-jumps-55-_17381443 MEDICAL Disposables and Supplies (MDS) saw its bottom line grow by 55 per cent over year-earlier levels during the three months to June 30. Local Business Wed, 20 Aug 2014 02:00:00 GMT Honey Bun sweetens profits http://www.jamaicaobserver.com/business/Honey-Bun-sweetens-profits_17381613 HONEY Bun quadrupled its June quarterly profit to $11.8 million compared with year earlier levels due to increased exports and operational efficiencies. Local Business Wed, 20 Aug 2014 02:00:00 GMT Dollar cost averaging and mutual funds http://www.jamaicaobserver.com/business/Dollar-cost-averaging-and-mutual-funds_17382218 Timing is a crucial factor when it comes to investments. One of the most difficult decision is to determine when to invest or whether it is the right time to invest. Typically, investor's seek to buy low and sell high. Even if you are convinced that you made a good choice there is still the question of whether now is the right time to buy or if you should wait for the price to fall. Being indecisive can be one of the most frustrating parts of investing. You may want to make a decision but the fear of losing money takes over. Local Business Wed, 20 Aug 2014 02:00:00 GMT Need a business investor? Tips to consider http://www.jamaicaobserver.com/business/Need-a-business-investor--Tips-to-consider_17382223 The classic definition of a business is "an undertaking for the purpose of making a profit." Enterprises naturally go through several phases, which depending on the context of the discussion will attract several different descriptions. An enterprise may be described as being in the start-up phase, the growth phase, the mature phase or even a phase of decline. A large majority of businesses have an appetite for additional capital. More capital (if utilized well) should translate into at least one of the following benefits for the business: expansion of the number of units of goods or services that the business is able to offer, lower cost of production, lower cost of financing, availability of working capital, managing risks and threats to the business. Local Business Wed, 20 Aug 2014 02:00:00 GMT Why global turmoil hasn't sunk US markets. Yet. http://www.jamaicaobserver.com/business/Why-global-turmoil-hasn-t-sunk-US-markets--Yet- NEW YORK, USA — Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel's war in Gaza are contributing to the gloom. Local Business Wed, 20 Aug 2014 02:00:13 GMT PHOTO: New hwt ATM http://www.jamaicaobserver.com/business/NEW-HWT-ATM_17383521 Lorna Burns (centre), Manager of the Half Way Tree Branch of CIBC FirstCaribbean International Bank, discusses services at the Bank’s newly opened Automated Teller Machines (ATM) in Oakton Plaza, Half Way Tree, with a customer Tashmin Galloway (left) and Bank colleague Alicia Morgan. Local Business Wed, 20 Aug 2014 02:00:00 GMT Foreign investment in China slumps in July http://www.jamaicaobserver.com/business/Foreign-investment-in-China-slumps-in-July_17381602 BEIJING, China (AFP) — Foreign direct investment (FDI) into China dropped by more than a sixth year-on-year to a two-year low in July, the government said yesterday, but denied any link to Beijing's multiple probes into foreign companies. Local Business Wed, 20 Aug 2014 02:00:00 GMT Bello is Virgin’s commercial manager for region http://www.jamaicaobserver.com/business/Bello-is-Virgin-s-commercial-manager-for-region_17368050 Virgin Atlantic has appointed Andre Bello as its new commercial manager, Caribbean. Local Business Wed, 20 Aug 2014 02:00:00 GMT Britain's top bosses earn '131 times more' than staff http://www.jamaicaobserver.com/business/Britain-s-top-bosses-earn--131-times-more--than-staff_17349140 LONDON, England (AFP) — The heads of Britain's largest companies earned 131 times as much as their average employee last year, a study said yesterday, exposing the growing pay gap between bosses and workers. Financial Wed, 20 Aug 2014 02:00:00 GMT After break-ups, newspapers seek path forward http://www.jamaicaobserver.com/business/After-break-ups--newspapers-seek-path-forward_17381622 WASHINGTON, USA (AFP) — Following an unprecedented series of spin-offs by major US media companies, the print news industry now faces a rocky future without financial support from deep-pocketed parent firms. Local Business Wed, 20 Aug 2014 02:00:00 GMT McDonald's confronts its junk food image http://www.jamaicaobserver.com/business/McDonald-s-confronts-its-junk-food-image-_17381623 NEW YORK, USA (AP) — At a dinner McDonald's hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain's menu. Local Business Wed, 20 Aug 2014 02:00:00 GMT DR Congo launches new national airline http://www.jamaicaobserver.com/business/DR-Congo-launches-new-national-airline-_17381608 KINSHASA, Congo (AFP) — The Democratic Republic of Congo has created a new national airline as part of a push to clean up its poor air safety record, a government source said over last weekend. Local Business Wed, 20 Aug 2014 02:00:00 GMT General Electric in talks to sell historic appliance division http://www.jamaicaobserver.com/business/General-Electric-in-talks-to-sell-historic-appliance-division-_17381610 NEW YORK, USA (AP) — General Electric (GE) confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment. Local Business Wed, 20 Aug 2014 02:00:00 GMT PriceWaterhouseCoopers to pay US$25m in bank case http://www.jamaicaobserver.com/business/PriceWaterhouseCoopers-to-pay-US-25m-in-bank-case_17381618 ALBANY, USA (AP) — PriceWaterhouseCoopers will pay US$25 million and face a two-year suspension from consulting for new bank clients in an agreement with New York regulators. Local Business Wed, 20 Aug 2014 02:00:00 GMT