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 CraziiSocks steps into the lead for Moguls in the Making http://www.jamaicaobserver.com/business/CraziiSocks-steps-into-the-lead-for-Moguls-in-the-Making_19221574 THE 12 Mogul in the Making nominees met judges and sponsors for lunch at the Jamaica Observer boardroom on Wednesday, allowing them to make an impresssion on the competition's judges and sponsors Scotiabank, Flow and Diageo's Johnnie Walker scotch. Local Business Fri, 31 Jul 2015 01:00:00 GMT Arc invests US$3m in import substitution drive http://www.jamaicaobserver.com/business/Arc-invests-US-3m-in-import-substitution-drive_19221535 ARC Manufacturing Ltd, one of the big three in the manufacturing and distribution of building materials, invested US$3 million ($350m) to set up two new plants to make metal roofing and chain-link fences locally, management stated. Local Business Fri, 31 Jul 2015 01:00:00 GMT Jamaica's venture capital programme ranks 9th out of 11 LAC countries http://www.jamaicaobserver.com/business/Jamaica-s-venture-capital-programme-ranks-9th-out-of-11-LAC-countries_19221548 Jamaica's programme for investing venture capital ranks ninth in a list of 11 Latin American and Caribbean countries according to the Latin American Private Equity and Venture Capital Association (LAVCA). Local Business Fri, 31 Jul 2015 01:00:00 GMT Local cambios under threat http://www.jamaicaobserver.com/business/Local-cambios-under-threat_19221538 STARTING September, a number of local banks will no longer accept US cash originating from local cambios, in a move that will adversely affect cambios already under threat. Local Business Fri, 31 Jul 2015 01:00:00 GMT Paramount oils up for overseas lubricants manufacturing deal http://www.jamaicaobserver.com/business/Paramount-oils-up-for-overseas-lubricants-manufacturing-deal_19221531 PARAMOUNT Trading Jamaica Ltd, a listed company led by businessman Hugh Graham, will seek to form an arrangement with a foreign entity to jointly manufacture and distribute lubricants. Local Business Fri, 31 Jul 2015 01:00:00 GMT Was the PetroCaribe buyback a good deal for Jamaica? http://www.jamaicaobserver.com/business/Was-the-PetroCaribe-buyback-a-good-deal-for-Jamaica-_19221616 LAST week Thursday, on July 23rd, Jamaica raised a mammoth US$2 billion on the international capital market through the issue of two new Eurobonds. Local Business Fri, 31 Jul 2015 00:00:00 GMT Byles proposes US$1-b job creation fund http://www.jamaicaobserver.com/business/Byles-proposes-US-1-b-job-creation-fund_19221473 Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, has charged the private sector to work with the Government in setting up a US$1-billion fund to finance projects in high growth sectors such as business process outsourcing (BPO) and agriculture. Local Business Fri, 31 Jul 2015 02:00:00 GMT Decision on net neutrality soon, says Paulwell http://www.jamaicaobserver.com/business/Decision-on-net-neutrality-soon--says-Paulwell_19221547 A decision regarding net neutrality and how Over The Top Providers (OTTP) are to be treated in the future will be made soon, according to Phillip Paulwell, Jamaica's Minister of Science, Technology, Energy and Mining. Local Business Fri, 31 Jul 2015 01:00:00 GMT GOJ Global Bond Issuances: 'What's all the buzz about?' http://www.jamaicaobserver.com/business/GOJ-Global-Bond-Issuances---What-s-all-the-buzz-about--_19221591 LAST week the Government of Jamaica (GOJ) issued two new US-dollar denominated global bonds: a 6.75 per cent coupon instrument with a maturity date of 2028 (JAMAN 2028) and a 7.875% per cent coupon instrument with a maturity date of 2045 (JAMAN 2045). Both instruments have caused a bit of a buzz on both the domestic and international financial scene. But why is this so? Local Business Fri, 31 Jul 2015 01:00:00 GMT Cuban migrants reach upscale Florida Keys: report http://www.jamaicaobserver.com/business/Cuban-migrants-reach-upscale-Florida-Keys--report_19221611 MIAMI, United States (AFP) — Five Cuban migrants landed in an upscale town in the Florida Keys earlier this week, after making the treacherous crossing in a rustic open boat, the Miami Herald reported yesterday. Local Business Fri, 31 Jul 2015 00:00:00 GMT Investing in Jamaica - A Diaspora Perspective http://www.jamaicaobserver.com/business/Investing-in-Jamaica---A-Diaspora-Perspective_19220875 I often receive emails from people living in the Diaspora who express their commitment to this country, and share their concerns for it. Recently, an overseas reader asked me to recommend some investment solutions that would be appropriate for Jamaicans living overseas. Local Lifestyle Thu, 30 Jul 2015 02:00:00 GMT Moguls in the Making meet for lunch http://www.jamaicaobserver.com/business/Moguls-in-the-Making-meet-for-lunch_19221397 THE 12 Mogul in the Making nominees met judges and sponsors for lunch at the Jamaica Observer boardroom yesterday. Local Business Thu, 30 Jul 2015 02:00:00 GMT Mayberry optimistic bull market will continue http://www.jamaicaobserver.com/business/Mayberry-optimistic-bull-market-will-continue_19221092 Listed brokerage firm Mayberry Investments Ltd expects bullish trading on the local stock market to continue, which in turn would benefit the firm's large equity portfolio. Local Business Wed, 29 Jul 2015 00:00:00 GMT Shipping Association blasts Customs Act Amendment Bill http://www.jamaicaobserver.com/business/Shipping-Association-blasts-Customs-Act-Amendment-Bill_19221079 THE Shipping Association of Jamaica (SAJ), which lobbies to improve the competitiveness of the port on behalf of its workers, described the proposed amendments to the Customs Act as anti-trade and backward. Local Business Wed, 29 Jul 2015 00:00:00 GMT Government to give BOJ responsibiity for financial security http://www.jamaicaobserver.com/business/Government-to-give-BOJ-responsibiity-for-financial-security THE Bank of Jamaica is to be given full responsibility for monitoring the country’s financial stability, under the new Bank of Jamaica Act tabled in the House of Representatives last Tuesday, by Finance and Planning Minister Dr Peter Phillips. Local Business Wed, 29 Jul 2015 05:18:00 GMT Supervisor of Insolvency already handling applications http://www.jamaicaobserver.com/business/Supervisor-of-Insolvency-already-handling-applications NINE applications have been submitted to the Office of the Supervisor of Insolvency since it became operational in January. According to Minister of Justice Senator Mark Golding, of the nine applications, two were received in February and March and the remaining seven between May and June. Local Business Wed, 29 Jul 2015 05:12:47 GMT Sagicor X Fund goes for hotel in USA http://www.jamaicaobserver.com/business/Sagicor-X-Fund-goes-for-hotel-in-USA_19221085 SAGICOR Real Estate X Fund Limited (X Fund) announced plans to acquire its first property outside of Jamaica in line with its growth strategy. Local Business Wed, 29 Jul 2015 02:00:00 GMT Pay Per Click advertising — Google paid ads http://www.jamaicaobserver.com/business/Pay-Per-Click-advertising---Google-paid-ads_19221163 PAY per click (PPC), otherwise referred to as cost per click (CPC), is the paid Internet advertising model in which an ad -- if optimised properly -- should appear at the very top of page one in the Google search results or in the column to the right of the page. When a user clicks on this ad, the advertiser's website opens. The amount paid to Google is based on the number of clicks the ad receives. Local Business Wed, 29 Jul 2015 02:00:00 GMT NCB commends lower profit performance in tight economy http://www.jamaicaobserver.com/business/NCB-commends-lower-profit-performance-in-tight-economy_19221090 THE directors at National Commercial Bank of Jamaica (NCB) described the bank's reduced profit performance as commendable within the context of a tight economy. Local Business Wed, 29 Jul 2015 00:00:00 GMT Itel-BPO Solutions enters MPO market http://www.jamaicaobserver.com/business/Itel-BPO-Solutions-enters-MPO-market_19221110 Itel-BPO Solutions, a regional provider of contact centre and back office solutions services, is expanding into Medical Process Outsourcing (MPO) with the aquisition of three US-based clients. Local Business Wed, 29 Jul 2015 02:00:00 GMT 500 units being built at Seville Meadows 3 http://www.jamaicaobserver.com/business/500-units-being-built-at-Seville-Meadows-3_19221142 AS water woes and security concerns affect much of the population, Seville Meadows -- currently under constuction in Spanish Town, St Catherine -- is to offer its homeowners its own comercial centre, water supply and police post. Local Business Wed, 29 Jul 2015 02:00:00 GMT JaMFA and JN Life sign insurance MOU http://www.jamaicaobserver.com/business/JaMFA-and-JN-Life-sign-insurance-MOU_19221149 THE Jamaica Micro Finance Association (JaMFA) and the JN Life Insurance Company (JN Life) signed a Memorandum of Understanding (MOU) on Thursday, which makes JN Life the sole providers of "creditor life insurance" for the clients of members of association. Local Business Wed, 29 Jul 2015 02:00:00 GMT My client does not know what he wants http://www.jamaicaobserver.com/business/My-client-does-not-know-what-he-wants_19221189 AGES ago I wrote an article about the fair price for a website, to which there was no hard conclusion. The fact is the price varies as widely as the ideas you have for your website. Local Business Wed, 29 Jul 2015 02:00:00 GMT Scotiabank launches Vision Achiever to grow 24 SMEs http://www.jamaicaobserver.com/business/Scotiabank-launches-Vision-Achiever-to-grow-24-SMEs-_19221111 Banking conglomerate Scotiabank will invest $20 million to provide training to 24 small businesses in a mostly private setting without the pressures of competition or a reality TV series. Local Business Wed, 29 Jul 2015 00:00:00 GMT Indonesia floats port expansion to boost faltering economy http://www.jamaicaobserver.com/business/Indonesia-floats-port-expansion-to-boost-faltering-economy-_19221051 JAKARTA, Indonesia (AFP) -- Container ships dot the horizon off the coast of Jakarta, as cranes and labourers work on an ambitious, economy-boosting project to expand the port network in the world's largest archipelago nation. Local Business Wed, 29 Jul 2015 02:00:00 GMT