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 Braco set to reopen for 2015/16 winter tourist season http://www.jamaicaobserver.com/business/Braco-set-to-reopen-for-2015-16-winter-tourist-season_18828399 THE 225-room government-owned Braco Village is scheduled to reopen for the 2015/16 winter tourist season as the Meliá Braco Village, and is expected to provide hundreds of jobs for residents of Trelawny and nearby parishes in the western end of the island. Local News Mon, 27 Apr 2015 02:00:00 GMT Jamaican tax levels higher than developing peers' — study http://www.jamaicaobserver.com/business/Jamaican-tax-levels-higher-than-developing-peers----study_18815221 JAMAICA'S taxation levels are higher than most of its developing nation peers, according to a new study by UHY, an international accountancy network. Local Business Sun, 26 Apr 2015 00:00:00 GMT NCB makes record $3.2 billion in profit http://www.jamaicaobserver.com/business/NCB-makes-record--3-2-billion-in-profit_18816025 NATIONAL Commercial Bank of Jamaica (NCB), described as the island's most profitable bank, announced that it made its highest quarterly profit ever for its March 2015 second quarter. Local Business Sun, 26 Apr 2015 00:00:00 GMT Car owner seeks refund from Victoria Mutual Insurance Company http://www.jamaicaobserver.com/business/Car-owner-seeks-refund-from-Victoria-Mutual-Insurance-Company-_18814979 Dear Claudienne Local Business Sun, 26 Apr 2015 00:00:00 GMT Telling the Paymaster story http://www.jamaicaobserver.com/business/Telling-the-Paymaster-story_18817983 (This is a lightly edited speech delivered by Paymaster Jamaica founder and Chief Executive Officer, Ambassador Audrey Marks, while addressing the Leaders-to-Leaders series at the Jamaica Pegasus Hotel in St Andrew recently.) General News Sun, 26 Apr 2015 01:00:00 GMT Jamaica strengthens trading ties with Costa Rica http://www.jamaicaobserver.com/business/Jamaica-strengthens-trading-ties-with-Costa-Rica_18816039 MINISTER of Industry, Investment and Commerce Anthony Hylton has cemented Jamaica's trading relations with Costa Rica after signing a Memorandum of Understanding (MOU) with Costa Rica's Minister of Foreign Alexander Mora earlier this month. Local Business Sun, 26 Apr 2015 00:00:00 GMT A look at entrepreneurship in Jamaica http://www.jamaicaobserver.com/business/A-look-at-entrepreneurship-in-Jamaica-_18818519 (This is an edited version of a presentation made by Atlanta-based businessman and author and former Kingston College student Dr Glen Laman at the recent Leaders-to-Leaders function held at the Jamaica Pegasus Hotel in St Andrew.) General News Sun, 26 Apr 2015 01:00:00 GMT Quantitative easing in Europe http://www.jamaicaobserver.com/business/Quantitative-easing-in-Europe_18815463 WHEN we hear the term quantitative easing or QE what does it really mean to the economy? This is simply a monetary policy tool used by the Government's Central Bank to stimulate growth in the economy. This is especially used when all other standard monetary policies have failed or are failing. Local Business Sun, 26 Apr 2015 00:00:00 GMT Business process improvement (Part 1) http://www.jamaicaobserver.com/business/Business-process-improvement--Part-1-_18815434 There is nothing so useless as doing efficiently that which should not be done at all. ~ Peter F Drucker Local Business Sun, 26 Apr 2015 00:00:00 GMT Major Greek bank to wipe debts of poorest clients http://www.jamaicaobserver.com/business/Major-Greek-bank-to-wipe-debts-of-poorest-clients_18816442 ATHENS, Greece (AFP) — One of Greece's largest banks is to wipe away the debts of clients who owe up to 20,000 euros (US$21,600) in a one-off gesture to ease the burden on its crisis-hit customers. Local Business Sun, 26 Apr 2015 00:00:00 GMT Stock prices could double within a year http://www.jamaicaobserver.com/business/Stock-prices-could-double-within-a-year_18811055 STOCK prices could double in as early as a year, reasoned panelists at the Mayberry Investor Forum. Local Business Fri, 24 Apr 2015 02:00:00 GMT Ganja producers seek JIPO protection http://www.jamaicaobserver.com/business/Ganja-producers-seek-JIPO-protection_18811051 MORE than a dozen applications to register ganja products are before the state-run Jamaica Intellectual Property Office (JIPO), which overseas rights in Jamaica including patents and trademarks. Local Business Fri, 24 Apr 2015 02:00:00 GMT Marketing Counselors is Jamaica Observer’s top agency http://www.jamaicaobserver.com/business/Marketing-Counselors-is-Jamaica-Observer-s-top-agency_18811026 ADVERTISING agency Marketing Counselors was again crowned Top Agency in the Jamaica Observer's Advertising and Billing Awards 2014 for the highest volume of advertisements placed in the newspaper last year. Local Business Fri, 24 Apr 2015 02:00:00 GMT First Angels Ja makes first investment with DRT Communications — plans to invest in 5 start-ups this year http://www.jamaicaobserver.com/business/First-Angels-Ja-makes-first-investment-with-DRT-Communications---plans-to-invest-in-5-start-ups-this-year-_18811041 INVESTOR group First Angels Jamaica (FAJ) has inked its first investment deal with local start-up company DRT communications. Local Business Fri, 24 Apr 2015 02:00:00 GMT J'can firms and consumers increasingly optimistic about economy http://www.jamaicaobserver.com/business/J-can-firms-and-consumers-increasingly-optimistic-about-economy_18811079 JAMAICA'S business confidence is at its highest level in eight years as firms continue to express confidence that the economic policies of the government will improve the economy and the financial health of businesses. Local Business Fri, 24 Apr 2015 02:00:00 GMT What does economic and social change look like? http://www.jamaicaobserver.com/business/What-does-economic-and-social-change-look-like-_18811031 PERHAPS the question I get asked most frequently is about the economy and the prospects for it. One of the things I hate the most is when people engage you on the economy and ask about the prospects, but then don't give you a chance to answer and then go on to curse everyone who is living and dead, about the difficulties in the economy. They then go into the history of our economic mismanagement and then naturally their argument progresses to placing blame on one political party or another. All of this before I have answered the question, which always leads me to wonder why they don't call a talk show to vent rather than ask the question. Local Business Fri, 24 Apr 2015 02:00:00 GMT Forex: J$115.39 to one US dollar http://www.jamaicaobserver.com/business/Forex--J-115-39-to-one-US-dollar2015-04-24T15-33-54 KINGSTON, Jamaica – The US dollar on Friday, April 24, ended trading at J$115.39, up nine cents according to the Bank of Jamaica daily foreign exchange trading summary. Local News Fri, 24 Apr 2015 17:32:24 GMT 30 per cent of Jamaicans have no bank account http://www.jamaicaobserver.com/business/30-per-cent-of-J-cans-have-no-bank-account_18811091 MONTEGO BAY, St James — With more than 30 per cent of Jamaicans said to be "unbanked", chairman of the Financial Services Commission (FSC), Colin Bullock, is calling for greater financial inclusion for all citizens as a key ingredient in fostering growth and national development. Local News Fri, 24 Apr 2015 02:00:00 GMT Samsung launches Galaxy S6 and S6 Edge http://www.jamaicaobserver.com/business/Samsung-launches-Galaxy-S6-and-S6-Edge_18809636 SAMSUNG launched its two new mobile phones — the Galaxy S6 and Galaxy S6 Edge --yesterday evening at the Jamaica Pegasus Hotel in Kingston, with a boast that in just one week heavy consumer demand has resulted in 20 million units being reserved worldwide. Local Business Fri, 24 Apr 2015 02:00:00 GMT Puerto Rico bank warns of imminent government shutdown http://www.jamaicaobserver.com/business/Puerto-Rico-bank-warns-of-imminent-government-shutdown_18811081 SAN JUAN, Puerto Rico (AP) — Puerto Rico's Government Development Bank says it is very likely the US territory's Government could be forced to shut down in the next three months due to a lack of funds. Local Business Fri, 24 Apr 2015 02:00:00 GMT Maintaining your health http://www.jamaicaobserver.com/business/Maintaining-your-health_18795156 Last week we looked at the connection between wealth and wellness, noting that ill health can jeopardise your finances. Sickness can decrease your work output, deplete your savings and destroy your plans for the future. You need to have good health to pursue great wealth. Local Lifestyle Thu, 23 Apr 2015 00:00:00 GMT Five bidders shortlisted for NMIA privatisation http://www.jamaicaobserver.com/business/Five-bidders-shortlisted-for-NMIA-privatisation_18804438 FIVE potential bidders will be invited to participate in the Request for Proposal stage for the privatisation of the Norman Manley International Airport in Kingston. Local News Thu, 23 Apr 2015 02:00:00 GMT GK set to earn half its revenues overseas http://www.jamaicaobserver.com/business/GK-set-to-earn-half-its-revenues-overseas_18797642 THE international expansion of the GraceKennedy (GK) group puts it on an imminent path to earn half of its revenues outside the island with one-third of its staff based overseas. Local Business Wed, 22 Apr 2015 00:00:00 GMT UMIUM — coconuts for Jamaican chocolate spread http://www.jamaicaobserver.com/business/UMIUM---coconuts-for-Jamaican-chocolate-spread_18797651 June Gottgens is adamant on playing her part in revitalising Jamaica's cocoa and coconut industries. Local Business Wed, 22 Apr 2015 00:00:00 GMT Proven raises US$30 million http://www.jamaicaobserver.com/business/Proven-raises-US-30-million_18797659 Financial outfit Proven Investments Ltd raised close to US$30 million (J$3.5b) in its rights issue based on strong uptake from the market. Local Business Wed, 22 Apr 2015 00:00:00 GMT