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 Its on — Tullow Oil reaffirms oil exploration in Jamaica http://www.jamaicaobserver.com/business/Its-on---Tullow-Oil-reaffirms-oil-exploration-in-Jamaica-_19034332 Multinational oil and gas exploration company, Tullow Oil PLC has re-affirmed its commitment to its oil and gas exploration programme in Jamaica, following a series of meetings between company executives and Minister of Science, Technology, Energy and Mining, Phillip Paulwell. Local Business Fri, 29 May 2015 00:00:00 GMT Wallenford heads for Harrods — while staving off counterfeits http://www.jamaicaobserver.com/business/Wallenford-heads-for-Harrods---while-staving-off-counterfeits_19034295 LUXURY Jamaica coffee brand Wallenford Estate aims to finalise a deal with UK-based department store Harrods, management indicated. Local Business Fri, 29 May 2015 02:00:00 GMT Barbados breaks a 25-year record for tourist arrivals http://www.jamaicaobserver.com/business/Barbados-breaks-a-25-year-record-for-tourist-arrivals_19033878 BRIDGETOWN, Barbados (CMC) — Barbados achieved a record 171,471 long stay visitor arrivals during the first quarter of this year, breaking a long- standing 25-year figure, chairman of the Barbados Tourism Marketing, Inc (BTMI), Alvin Jemmott, has said. Local Business Fri, 29 May 2015 02:00:00 GMT JMMB creates web challenge to promote financial awareness http://www.jamaicaobserver.com/business/JMMB-creates-web-challenge-to-promote-financial-awareness-_19034341 Jamaica Money Market Brokers (JMMB) has introduced a web-based challenge aimed at teaching money management skills to participants. Local Business Fri, 29 May 2015 02:00:00 GMT JAMPRO to target investors from diaspora http://www.jamaicaobserver.com/business/JAMPRO-to-target-investors-from-diaspora-_19034343 The Jamaica Promotions Corporation (JAMPRO) will be targeting investors and buyers/distributors from the Diaspora to create business opportunities for Jamaican Micro, Small and Medium Enterprises (MSMEs) at the Jamaica Diaspora Conference. Local Business Fri, 29 May 2015 02:00:00 GMT Experts call for more comprehensive policy to deal with poverty in the Caribbean http://www.jamaicaobserver.com/business/Experts-call-for-more-comprehensive-policy-to-deal-with-poverty-in-the-Caribbean_19034365 BRIDGETOWN, Barbados, (CMC) — Caribbean countries need a more comprehensive means to measure progress and well-being, beyond traditional Gross Domestic Product (GDP) and "living above or below an international poverty line" assessments. Local Business Fri, 29 May 2015 02:00:00 GMT Moody's upgrades Jamaica rating http://www.jamaicaobserver.com/business/Moody-s-upgrades-Jamaica-rating_19034422 US ratings agency Moody's upgraded Jamaica's Government bond rating and government-related entities to Caa2 from Caa3 and is maintaining a positive outlook, the agency announced yesterday. Local Business Fri, 29 May 2015 02:00:00 GMT JHTA Mixer http://www.jamaicaobserver.com/business/JHTA-Mixer_19034407 Jamaica Hotel & Tourist Association (JHTA) executives, Nicola Madden-Greig (left), president, and Camille Needham (right) executive director, in discussion with Shamar Edwards, manager at La Maison Property Services, and Carline Yound, broker at CGM Gallagher Insurance Brokers, at a JHTA Allied Members' Mixer at J Wray & Nephew's Dominica Drive offices on Tuesday. (PHOTO: GARFIELD ROBINSON) Local Business Fri, 29 May 2015 02:00:00 GMT GK aims for Cuba as cherry of Latin American potential cake http://www.jamaicaobserver.com/business/GK-aims-for-Cuba-as-cherry-of-Latin-American-potential-cake_19034059 THE Jamaican based financial and food conglomerate GraceKennedy (GK) wants to enter Cuba and the wider Latin America utilising its recently acquired La Fe line of products. Local Business Fri, 29 May 2015 02:00:00 GMT Mayberry monthy investor forum http://www.jamaicaobserver.com/business/Mayberry-monthy-investor-forum_19034339 Gary Peart, chief executive of Mayberry Investments, has a words with economist Dennis Morrison and John Jackson, chief executive of IC Insider Magazine, at the Mayberry monthy investor forum "How Sustainable is Jamaica's Economic Growth" at Sabina Park, Kingston, on Wednesday. Local Business Fri, 29 May 2015 02:00:00 GMT Obama in surprise visit to Cuban community church in Miami http://www.jamaicaobserver.com/business/Obama-in-surprise-visit-to-Cuban-community-church-in-Miami_19034073 MIAMI, United States (AFP) — President Barack Obama paid a surprise visit Thursday to a Miami church popular with Cuban exiles, amid moves by Washington and Havana to normalise ties after five decades of enmity. Local Business Fri, 29 May 2015 02:00:00 GMT IMF predicts 4% growth for Haiti this year http://www.jamaicaobserver.com/business/IMF-predicts-4--growth-for-Haiti-this-year_19033868 WASHINGTON, United States (CMC) — The International Monetary Fund (IMF) says Haiti is expected to record economic growth of four per cent this year. Local Business Fri, 29 May 2015 02:00:00 GMT US lawmakers in Havana hopeful on lifting Cuba sanctions http://www.jamaicaobserver.com/business/US-lawmakers-in-Havana-hopeful-on-lifting-Cuba-sanctions_19032539 HAVANA, Cuba (AFP) As Cuba and the United States work on thawing ties, a group of US lawmakers voiced optimism in Havana Wednesday that the US economic embargo against Cuba could be lifted. Local Business Fri, 29 May 2015 02:00:00 GMT China, LatAm reach promising new stage in development of ties http://www.jamaicaobserver.com/business/China--LatAm-reach-promising-new-stage-in-development-of-ties_19033202 BUENOS AIRES, Argentina (Xinhua) — A new stage in the development of China-Latin America ties has been reached following Chinese Premier Li Keqiang's just-concluded tour of Latin America, with agreements to join efforts towards common economic growth. Local Business Fri, 29 May 2015 02:00:00 GMT More women want to rejoin labour market -- PIOJ http://www.jamaicaobserver.com/business/More-women-want-to-rejoin-labour-market----PIOJ_19019453 Jamaica has recorded a 0.8 per cent increase in unemployment; however, the increase was primarily due to a decrease in the amount of people opting to stay outside of the labour force, according to the Planning Institute of Jamaica (PIOJ). Local Business Thu, 28 May 2015 02:00:00 GMT Glam Pieces by Cedella http://www.jamaicaobserver.com/business/Glam-Pieces-by-Cadella_19019416 LOTOYA 'Cedella' Scott never dreamt of owning her own business at 26 years old, but the young entrepreneur is now trading in markets like Japan since the establishment of Glam Pieces by Cedella. Local Business Wed, 27 May 2015 00:00:00 GMT Dolphin Cove to open facility at Moon Palace http://www.jamaicaobserver.com/business/Dolphin-Cove-to-open-facility-at-Moon-Palace_19019483 LARGE attraction, Dolphin Cove Ltd, announced that it has built a new facility within Moon Palace Jamaica Grand Hotel in Ocho Rios set to open in its September third quarter. Local Business Wed, 27 May 2015 00:00:00 GMT KLE announces 8 new territories for Tracks and Records -- including Middle East http://www.jamaicaobserver.com/business/KLE-announces-8-new-territories-for----p----p-Tracks-and-Records----including-Middle-East_19019499 THE KLE Group plans to pursue franchise opportunities for its Tracks & Records restaurant in eight territories including the Middle East. Local Business Wed, 27 May 2015 00:00:00 GMT BOJ expects oil prices to remain low for 12 months http://www.jamaicaobserver.com/business/BOJ-expects-oil-prices-to-remain-low-for-12-months-_19019447 The Bank of Jamaica (BOJ) expects global oil prices to remain under US$60 a barrel for 12 months. Local Business Wed, 27 May 2015 00:00:00 GMT Mayberry ups holding in Lasco Financial to $314m http://www.jamaicaobserver.com/business/Mayberry-ups-holding-in-Lasco-Financial-to--314m_19019509 MAYBERRY Investments Ltd acquired 20 per cent of Lasco Financial Services (LASF) in a series of transactions yesterday that upped its holding to some $314 million in value. Local Business Wed, 27 May 2015 00:00:00 GMT JIIC no longer — rebranded GKGI mulls Caribbean markets http://www.jamaicaobserver.com/business/JIIC-no-longer---rebranded-GKGI-mulls-Caribbean-markets_19019474 THE recently rebranded GraceKennedy General Insurance Company Limited (GKGI) is looking to expand its footprint into Caribbean markets. Local Business Wed, 27 May 2015 00:00:00 GMT Is the Jamaican economy finally turning around? Part 3 http://www.jamaicaobserver.com/business/Is-the-Jamaican-economy-finally-turning-around--Part-3_19019501 AT the end of last week's article, I argued that although Jamaica appears to be on the verge of a turnaround, starting in the second half of this calendar year, Jamaica's broader social contract is still highly deficient in almost all areas, and particularly critical governance issues. Local Business Wed, 27 May 2015 00:00:00 GMT Clinton snaps at Merkel heels in 'powerful women' list http://www.jamaicaobserver.com/business/Clinton-snaps-at-Merkel-heels-in--powerful-women--list-_19019256 NEW YORK, United States (AFP) -- German Chancellor Angela Merkel for a fifth year tops the Forbes list of the world's most powerful women, but for the first time Hillary Clinton is snapping at her heels, the magazine said Tuesday. Local Business Wed, 27 May 2015 00:00:00 GMT How should couples approach investing? http://www.jamaicaobserver.com/business/How-should-couples-approach-investing--_19019445 It is no secret that the death of many relationships has been issues surrounding money, in one form or another. One of the easiest ways to avoid this possible canker is simply to communicate. I know it is easier said than done, but having good, strong partners by our sides will undoubtedly motivate us accordingly. It doesn't matter if you are engaged, newly-weds, or 10 years into the sentence (joke), open discussions are always best to ensure that a sound financial plan is charted. Local Business Wed, 27 May 2015 00:00:00 GMT Charter to buy Time Warner Cable in new mega-deal http://www.jamaicaobserver.com/business/Charter-to-buy-Time-Warner-Cable-in-new-mega-deal-19019152 NEW YORK, United States (AFP) -- Charter Communications announced Tuesday it is acquiring rival Time Warner Cable to create a powerful new player in the US pay TV and broadband sector. Local Business Wed, 27 May 2015 00:00:00 GMT