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 Are you ready for risk? http://www.jamaicaobserver.com/business/-p-Are-you-ready-for-risk---p---_19226293 Lately, our columns have been replete with dealing with the topic of risk. The truth is that globally we have been operating in an extremely risk-prone economic and financial environment, in more recent times; so much so that the term "risk-free" is virtually no longer in common use. Local Business Sun, 30 Aug 2015 02:00:00 GMT Private developers moving into public housing vacuum http://www.jamaicaobserver.com/business/Private-developers-moving-into-public-housing-vacuum_19226170 Private housing developers have an increased presence on the real estate market, following a decline of 56.1 per cent in the number of housing units started by the National Housing Trust (NHT) and the Housing Agency of Jamaica (HAJ). Local Business Sun, 30 Aug 2015 02:00:00 GMT The massive growth of Information Systems http://www.jamaicaobserver.com/business/The-massive-growth-of-Information-Systems_19226298 The real danger is not that computers will begin to think like men, but that men will begin to think like computers -- Sydney J Harris Local Business Sun, 30 Aug 2015 02:00:00 GMT VMBS celebrates Financial Independence Day http://www.jamaicaobserver.com/business/VMBS-celebrates-Financial-Independence-Day_19226339 Victoria Mutual celebrated Financial Independence Day on Thursday, focussing on the Victoria Mutual Group's goal of helping Jamaicans to build their financial Independence. Local Business Sun, 30 Aug 2015 02:00:00 GMT Venezuela expands Colombian border closure http://www.jamaicaobserver.com/business/Venezuela-expands-Colombian-border-closure_19226316 CARACAS, Venezuela (AFP) -- Venezuelan President Nicolas Maduro escalated his country's spat with Colombia Friday by expanding the partial closure of their shared border to four new frontier towns. Local Business Sun, 30 Aug 2015 02:00:00 GMT Glastonbury sends abandoned rubber boots to Calais migrants http://www.jamaicaobserver.com/business/Glastonbury-sends-abandoned-rubber-boots-to-Calais-migrants_19226335 LONDON, United Kingdom (AFP) — Hundreds of pairs of rubber boots left behind by music fans who attended Britain's Glastonbury music festival have been donated to migrants in Calais, organisers said Friday. Local Business Sun, 30 Aug 2015 02:00:00 GMT Hungary razor wire no hurdle for hardened migrants http://www.jamaicaobserver.com/business/Hungary-razor-wire-no-hurdle-for-hardened-migrants_19226332 ROSZKE, Hungary (AFP) — Hungarian Prime Minister Viktor Orban has vaunted the razor-wire fence being laid along the Serbian border as the only answer to stop tens of thousands of migrants from getting in. Local Business Sun, 30 Aug 2015 02:00:00 GMT Peru coffee aims to regain global sales http://www.jamaicaobserver.com/business/Peru-coffee-aims-to-regain-global-sales_19226333 Roasted coffee grains from the central mountains of Peru are exhibited at a street fair in Lima, on Thursday. Producers attempt to recover the sales levels that once made Peru the sixth largest exporter of the grain in the world. Record exports in 2011 reached a value of 1,500 million but plagues of yellow rust, Broca and the effects of climate change severely impacted crops in 2012 and 2013. AFP PHOTO/CRIS BOURONCLE Local Business Sun, 30 Aug 2015 02:00:00 GMT Digicel Group cuts net loss for first quarter 2015 http://www.jamaicaobserver.com/business/Digicel-Group-cuts-net-loss-for-first-quarter-2015_19226092 Digicel Group, the Irish-owned telecom provider with regional offices in Jamaica, suffered from flat revenues, but still slashed its net loss nearly in half, according to June first-quarter 2015 financials. Local Business Fri, 28 Aug 2015 02:00:00 GMT As BOJ lowers bank rates, consumers may benefit http://www.jamaicaobserver.com/business/As-BOJ-lowers-bank-rates--consumers-may-benefit_19226120 JAMAICAN consumers should soon see a reduction in lending rates as the Bank of Jamaica (BOJ) has further reduced the rates that it charges deposit-taking institutions following the continued fall in the rate of inflation. Local Business Fri, 28 Aug 2015 02:00:00 GMT Despite drought, agriculture grows for June quarter http://www.jamaicaobserver.com/business/Despite-drought--agriculture-grows-for-June-quarter_19226095 Despite the prolonged drought, the Planning Institute of Jamaica (PIOJ) says the country's agriculture, forestry and fishing industry has recorded growth of 0.5 per cent over the April to June quarter. Local Business Fri, 28 Aug 2015 02:00:00 GMT Blue Power pushes exports http://www.jamaicaobserver.com/business/Blue-Power-pushes-exports_19226094 The Blue Power Group Ltd which makes soaps and sells lumber continues to push for exports in an effort to boost its sagging profits. Local Business Fri, 28 Aug 2015 02:00:00 GMT FDI increases to US$577 million http://www.jamaicaobserver.com/business/FDI-increases-to-US-577-million_19226121 JAMAICA attracted US$577.4 million in foreign direct investments (FDI) for the fiscal year ending March 2015, according to the Quarterly International Investment Position report from the Bank of Jamaica (BOJ) published this week. Local Business Fri, 28 Aug 2015 02:00:00 GMT Why borrow high to pay off low? http://www.jamaicaobserver.com/business/Why-borrow-high-to-pay-off-low-_19226066 In Jamaica, on 5-6 September the governments of Jamaica, the Caribbean and their Venezuelan partner in PetroCaribe will celebrate the 10th Anniversary of this exemplary developing-to-developing country (South-South) social and economic programme of energy security. Local Business Fri, 28 Aug 2015 02:00:00 GMT Economy grew 0.8 per cent http://www.jamaicaobserver.com/business/Economy-grew-0-8-per-cent-_19225921 THE Jamaican economy grew by an estimated 0.8 per cent in the April to June 2015 quarter compared with the corresponding quarter of 2014, the Planning Institute of Jamaica (PIOJ) has reported. Local News Fri, 28 Aug 2015 00:00:00 GMT Cuban agriculture threatened by worst drought in 115 years http://www.jamaicaobserver.com/business/Cuban-agriculture-threatened-by-worst-drought-in-115-years_19226056 HAVANA, Cuba (Xinhua) -- Cuba's agriculture is being threatened by the worst drought to hit the Caribbean in over a century, which is jeopardising plans for the island to achieve its long-desired food independence. Local Business Fri, 28 Aug 2015 02:00:00 GMT LatAm, East Asia seek better integration: Costa Rican president http://www.jamaicaobserver.com/business/LatAm--East-Asia-seek-better-integration--Costa-Rican-president-_19226057 SAN JOSE, Costa Rica (Xinhua) -- Latin American and East Asian countries are looking for better integration at a forum that opened here last Friday near Costa Rica's capital city San Jose, the Costa Rican president said. Local Business Fri, 28 Aug 2015 02:00:00 GMT Guatemalan prosecutors urge president to resign amid scandal http://www.jamaicaobserver.com/business/Guatemalan-prosecutors-urge-president-to-resign-amid-scandal_19226054 GUATEMALA CITY, Guatemala (AP) -- Pressure grew Thursday on Guatemalan President Otto Perez Molina to resign as business and government offices closed, protesters prepared to march, and the attorney general's office urged him to step down "to prevent ungovernability that could destabilise the nation". Local Business Fri, 28 Aug 2015 02:00:00 GMT A Jamaican Business Owner’s Fight to Survive: The Longest Night — Part 2 http://www.jamaicaobserver.com/business/A-Jamaican-Business-Owner-s-Fight-to-Survive--The-Longest-Night---Part-2_19225681 Last week we introduced business owner David, whose trucking company was facing serious challenges. After losing a major client, David was tempted to give up on his entrepreneurial dream. In his darkest moment, however, he was encouraged by some business advice on the television. Local Lifestyle Thu, 27 Aug 2015 02:00:00 GMT Sagicor X Fund upsizes rights issue http://www.jamaicaobserver.com/business/Sagicor-X-Fund-upsizes-rights-issue-_19225754 Sagicor Real Estate X Fund plans to upsize its rights issue by roughly $1 billion to $5.1 billion in order to aid in the purchase of a US hotel close to Universal Studios and Walt Disney World in Orlando, Rlorida. Local Business Wed, 26 Aug 2015 02:00:00 GMT REIT start-up Fortune One piques FSC curiosity http://www.jamaicaobserver.com/business/REIT-start-up-Fortune-One-piques-FSC-curiosity_19225750 The John Ammar-led Fortune One Capital Ltd, a real estate investment trust (REIT) which started operations last month, aims to develop and sell working-class housing developments even as it continues dialogue with a curious Financial Services Commission (FSC). Local Business Wed, 26 Aug 2015 02:00:00 GMT Sweetie resurrects Paradise Plums http://www.jamaicaobserver.com/business/Sweetie-resurrects-Paradise-Plums_19225718 MOGUL in the Making nominee Patria Kaye Aarons has introduced paradise plum sweets to her line of local fruit-flavoured sweeties. Local Business Wed, 26 Aug 2015 01:00:00 GMT Investing and stocks http://www.jamaicaobserver.com/business/Investing-and-stocks_19225723 In order to become a successful investor, one must have a basic understanding of financial instruments and how to use them profitably. Having a firm understanding of these instruments will help you to make wise investment decisions, even as market conditions change. One of the most popular and widely used financial instruments is stocks. Local Business Wed, 26 Aug 2015 01:00:00 GMT Online growth pushes RJR profits http://www.jamaicaobserver.com/business/Online-growth-pushes-RJR-profits_19225736 The RJR Group profits jumped to $22 million for its June first-quarter 2015 or 44 per cent higher due in part to new revenues from its online media entities. Local Business Wed, 26 Aug 2015 01:00:00 GMT Blue Power Group partners with MegaMart for premium positioning http://www.jamaicaobserver.com/business/Blue-Power-Group-partners-with-MegaMart-for-premium-positioning_19225748 SOAP manufacturing company Blue Power Group has inked a deal with MegaMart for the distribution of its soap to a new target market. Local Business Wed, 26 Aug 2015 02:00:00 GMT