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 UHY Dawgen merges with Crowe Horwath International http://www.jamaicaobserver.com/business/UHY-Dawgen-merges-with-Crowe-Horwath-International_77978 Local accounting firm UHY Dawgen has merged with Crowe Horwath International creating what is now dubbed Jamaica’s newest member of the top 10 global professional services network. Local Business Sun, 23 Oct 2016 00:00:00 GMT Africa’s music industry changes tempo to local beat http://www.jamaicaobserver.com/business/Africa-s-music-industry-changes-tempo-to-local-beat_77967 JOHANNESBURG, South Africa (AFP) — Demand for home-grown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. Local Business Sun, 23 Oct 2016 00:00:00 GMT Mayberry enjoys positive third quarter http://www.jamaicaobserver.com/business/Mayberry-enjoys-positive-third-quarter_77965 Mayberry Investments Ltd recorded a net profit of $49 million, according to information available on its operating performance for the three months period which ended September 30. Local Business Sun, 23 Oct 2016 00:00:00 GMT I need an NHT home grant http://www.jamaicaobserver.com/business/I-need-an-NHT-home-grant_77917 Dear Claudienne, Local Business Sun, 23 Oct 2016 00:00:00 GMT The emotions of money http://www.jamaicaobserver.com/business/The-emotions-of-money_77958 Did you wake up this morning counting your blessings or your bills? And when you think about your money is it with a feeling of hopeful anticiaption or anxious dread? When you read or hear finanical presentations, do you kiss your teeth or feel burdened by the thought that you are not earning enough or doing enough to invest? Local Business Sun, 23 Oct 2016 00:00:00 GMT Be like your banker http://www.jamaicaobserver.com/business/Be-like--your-banker_77981 Have you ever applied for a loan? If you have, you know that it can be a difficult undertaking, especially if the bank doesn’t believe you are credit worthy. Some people hate and resent all the questions asked of them. Local Business Sun, 23 Oct 2016 00:00:00 GMT No impacts expected for Goat Islands from LNG facility http://www.jamaicaobserver.com/business/No-impacts-expected-for-Goat-Islands-from-LNG-facility_77762 Kelly Tomblin, president and CEO of Jamaica Public Service Company, affirmed on Wednesday that no part of the liquefied natural gas (LNG) installation being considered for its rebuilt Old Harbour 190-MW power supply facility will be at Goat Islands, this despite recent publications suggesting that this might be so. Local Business Sun, 23 Oct 2016 00:00:00 GMT GraceKennedy Value Rewards issues $59 million in points http://www.jamaicaobserver.com/business/GraceKennedy-Value-Rewards-issues--59-million-in-points_77585 In just over a year since its launch, the GraceKennedy Value Rewards programme has issued more than $59 million in points to over 80,000 members — including rewards such as phone credit, movie tickets, Hi-Lo gift vouchers, dining at the Terra Nova Hotel and packages and passes to Jewel Runaway Bay Beach & Golf Resort. Local Business Sun, 23 Oct 2016 00:00:00 GMT PHOTO: Geejam wins NCB Nation Builder Award http://www.jamaicaobserver.com/business/Geejam-wins-NCB-Nation-Builder-Award_77972 Geejam wins NCB Nation Builder Award Local Business Sun, 23 Oct 2016 00:00:00 GMT Irish potato programme to be expanded to new areas http://www.jamaicaobserver.com/business/Irish-potato-programme-to-be-expanded-to-new-areas_77860 THE Ministry of Industry, Commerce, Agriculture and Fisheries will be expanding the Irish potato programme to new planting areas for the 2016/17 crop year. Local News Sat, 22 Oct 2016 02:00:00 GMT Ongoing cyber attack hits Twitter, Amazon, other top websites http://www.jamaicaobserver.com/business/Ongoing-cyber-attack-hits-Twitter--Amazon--other-top-websites_78020 WASHINGTON, United States (AFP) — Major internet services including Twitter, Spotify and Amazon suffered service interruptions and outages yesterday as a US internet provider came under sustain ed cyber attack. Local News Sat, 22 Oct 2016 02:00:00 GMT US$ investments are a good sign — Wynter http://www.jamaicaobserver.com/business/US--investments-are-a-good-sign---Wynter_77820 The Bank of Jamaica (BOJ) indicated that continued and rising demand for the US dollar is connected to investment, which it concludes is a good thing. Local Business Fri, 21 Oct 2016 02:00:00 GMT Digicel makes ‘Belongers’ redundant http://www.jamaicaobserver.com/business/Digicel-makes--Belongers--redundant_77858 Telecommunications provider Digicel says it has made redundant a small number of jobs in Turks and Caicos Islands (TCI) in efforts to reorganise from a pure mobile operator to a complete communications and entertainment provider in the country. Local Business Fri, 21 Oct 2016 02:00:00 GMT PM hypes hemp for enviromentally friendly containers http://www.jamaicaobserver.com/business/PM-hypes-hemp-for-enviromentally-friendly-containers_77885 Prime Minister Andrew Holness has challenged manufacturing company Wisynco, to explore the use of hemp or other plant-based material in the production of its styrofoam to create more environmentally-friendly containers. Local Business Fri, 21 Oct 2016 02:00:00 GMT 'Apprentice' winner Randal Pinkett set to motivate at Sagicor’s Inspire Project http://www.jamaicaobserver.com/business/Randal-Pinkett-set-to-motivate-at-Sagicor-s-Inspire-Project_77878 Dr Randal Pinkett — Season 4 The Apprentice winner — is set to speak tonight to more than 140 student leaders at the Sagicor Inspire Project at the Hilton Resort and Spa in Rose Hall, St James. Local Business Fri, 21 Oct 2016 02:00:00 GMT Profit slips, but lubricant sales quadruple for Paramount Trading http://www.jamaicaobserver.com/business/Profit-slips--but-lubricant-sales-quadruple-for-Paramount-Trading_77499 Net profit tanked for Paramount Trading (Jamaica) Ltd (PTL) during the first quarter of its financial year to August 31, 2016; however, management is banking on expanded manufacturing for an improved outcome over time. Local Business Fri, 21 Oct 2016 02:00:00 GMT The gamechangers that can make Jamaica great again http://www.jamaicaobserver.com/business/The-gamechangers-that-can-make-Jamaica-great-again_77827 In the early 70’s, all signs pointed up for Jamaica. Viewed as a stable island nation with abundant natural resources and strong institutions,the country was poised to become the Singapore of the Caribbean. Instead, it has become a regional laggard, with an insupportable debt and near zero per centgrowth for decades. What the hell happened? More importantly — what’s next? Local Business Fri, 21 Oct 2016 02:00:00 GMT Pan-Jam contemplates name change http://www.jamaicaobserver.com/business/Pan-Jam-contemplates-name-change_77760 Pan-Jamaican Investment Trust Ltd (Pan-Jam) has advised that it will convene a board meeting on Tuesday, October 25, to propose a recommendation to change the name of the company. Local Business Fri, 21 Oct 2016 02:00:00 GMT Panama dismisses ‘non-viable’ Nicaragua canal http://www.jamaicaobserver.com/business/Panama-dismisses--non-viable--Nicaragua-canal_77886 BERLIN, Germany (AFP) — Nicaragua’s plans for an Atlantic-Pacific canal to rival Panama’s are a non-starter despite Chinese backing, Panamanian President Juan Carlos Varela said on Tuesday. Local Business Fri, 21 Oct 2016 02:00:00 GMT Commercial real estate rentals dip towards BPO pricing http://www.jamaicaobserver.com/business/Commercial-real-estate-rentals-dip-towards-BPO-pricing_77588 Business Process outsourcing (BPO) firms which often want to lease thousands in square footage for their operations are influencing commercialrenting rates, local realtors state. Local Business Wed, 19 Oct 2016 00:00:00 GMT JN members urged to vote ‘yes’ http://www.jamaicaobserver.com/business/JN-members-urged-to-vote--yes-_77617 Members of the Jamaica National Building Society (JNBS) will in three weeks cast their votes on a proposal by the JNBS board of directors to convert the building society to a commercial bank and to restructure the JN Group. Local Business Wed, 19 Oct 2016 00:00:00 GMT Shaw reiterates calls for single-digit interest rates http://www.jamaicaobserver.com/business/Shaw-reiterates-calls-for-single-digit-interest-rates_77591 Minister of Finance Audley Shaw has reiterated calls for single-digit interest rates to have Jamaica return to a production culture, while providing more small and medium-sized businesses with access to credit. Local Business Wed, 19 Oct 2016 00:00:00 GMT Global tech conference launches in Jamaica http://www.jamaicaobserver.com/business/Global-tech-conference-launches-in-Jamaica_77621 A new global conference and community platform in Jamaica will encourage relationships between tech entrepreneurs, investors and executives, and serve as a true business catalyst offering a more immersive experience for participants. Local Business Wed, 19 Oct 2016 00:00:00 GMT Portland JSX Ltd reports profit of US$453,334 http://www.jamaicaobserver.com/business/Portland-JSX-Ltd-reports-profit-of-US-453-334_77500 Investment Fund Portland JSX Ltd reported profit of US$453,334 ($58 million) for the six months ending August 31, representing earnings per share of US$0.20 to date for the company. Local Business Wed, 19 Oct 2016 00:00:00 GMT Caribbean utility regulators to meet http://www.jamaicaobserver.com/business/Caribbean-utility-regulators-to-meet_77651 Prime Minister Andrew Holness is slated to address the opening ceremony of the Organisation of Caribbean Utility Regulators (OOCUR) 14th Annual Conference scheduled to be held at the Secrets Resorts in Montego Bay between October 26 and 28. Local Business Wed, 19 Oct 2016 00:00:00 GMT