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 Proven buys First Global Financial Services http://www.jamaicaobserver.com/business/Proven-buys-First-Global-Financial-Services KINGSTON, Jamaica -- Proven Investments Limited has inked a deal with GraceKennedy Group to acquire First Global Financial Services for J$3.05 billion. Local Business Thu, 24 Apr 2014 14:19:57 GMT MONEY MUSINGS: The Sanctity of Savings http://www.jamaicaobserver.com/business/MONEY-MUSINGS--The-Sanctity-of-Savings_16508059 Jamaican Finance Minister Dr Peter Phillips recently announced new taxation measures that would affect all persons who utilise our banking sector. Dr Phillips revealed that withdrawals from deposit-taking institutions would be subject to a graduated tax system. Local Lifestyle Thu, 24 Apr 2014 02:00:00 GMT Access case adjourned until next Wednesday http://www.jamaicaobserver.com/business/Access-case-adjourned-until-next-Wednesday KINGSTON, Jamaica — The case between Access Financial Services CEO, Marcus James, and directors of the loan company has been adjourned until next week Wednesday. Local Business Wed, 23 Apr 2014 15:01:18 GMT Barbican Square go-kart track rejected by KSAC http://www.jamaicaobserver.com/business/Barbican-Square-go-kart-track-rejected-by-KSAC_16509123 THE Kingston and St Andrew Corporation (KSAC) has rejected the controversial proposal to build a $10-million go-kart track and amusement park in Barbican Square. Local Business Wed, 23 Apr 2014 02:00:00 GMT 'Even more taxes coming' http://www.jamaicaobserver.com/business/-Even-more-taxes-coming-_16509181 KPMG Jamaica, the local arm of the global auditing firm, expects more taxes will follow the latest announced measures within this fiscal year. Local Business Wed, 23 Apr 2014 02:00:00 GMT Access continues meteoric rise http://www.jamaicaobserver.com/business/Access-continues-meteoric-rise_16509260 Access Financial Services posted a 30 per cent jump in its net profit for the first three months of 2014. Local Business Wed, 23 Apr 2014 02:00:00 GMT Sagicor X Fund earns $940m in 2 months http://www.jamaicaobserver.com/business/Sagicor-X-Fund-earns--940m-in-2-months_16509185 SAGICOR Real Estate X Fund earned $940 million in just two months. Local Business Wed, 23 Apr 2014 02:00:00 GMT Tesla delivers first China cars, plans expansion http://www.jamaicaobserver.com/business/Tesla-delivers-first-China-cars--plans-expansion_16509271 BEIJING, China Local Auto Wed, 23 Apr 2014 02:00:00 GMT Netflix poised to raise prices after strong 1Q http://www.jamaicaobserver.com/business/Netflix-poised-to-raise-prices-after-strong-1Q_16509310 SAN FRANCISCO Local Business Wed, 23 Apr 2014 02:00:00 GMT Bloomberg invests US$5m in solar-powered lamp http://www.jamaicaobserver.com/business/Bloomberg-invests-US-5m-in-solar-powered-lamp_16509206 NEW YORK, USA Financial Wed, 23 Apr 2014 02:00:00 GMT Businesses more optimistic but expect faster dollar devaluation http://www.jamaicaobserver.com/business/Businesses-more-optimistic-but-expect-faster-dollar-devaluation_16509180 BUSINESSES were more optimistic towards the end of the last fiscal year despite fears of a faster depreciating currency. Local Business Wed, 23 Apr 2014 02:00:00 GMT Bond ladders in retirement planning http://www.jamaicaobserver.com/business/Bond-ladders-in-retirement-planning_16509404 THE closer you get to retirement the more questions you ask about the adequacy of your retirement portfolio. What if you live longer than your investments? How do you maximise your retirement income? Can you survive without a regular pay cheque? Whilst there is no one size fit all strategy in moving from saving for retirement, to living off your retirement portfolio, there are strategies that can help you plan effectively. Local Business Wed, 23 Apr 2014 02:00:00 GMT Everyweh yuh tun makka juk yuh — Phillips http://www.jamaicaobserver.com/business/Everyweh-yuh-tun-makka-juk-yuh---Phillips_16509560 IN his post-budget press conference yesterday, Finance Minister Peter Phillips outlined the context for what he described "as one of the smallest tax packages in recent history, " referring to the $6.7 billion in additional revenue measures announced in his budget speech last Thursday afternoon. The minister argued that seeing Local Business Wed, 23 Apr 2014 02:00:00 GMT McDonald's profit slips http://www.jamaicaobserver.com/business/McDonald-s-profit-slips_16509241 NEW YORK Financial Wed, 23 Apr 2014 02:00:00 GMT Philips shares slump over weak profits http://www.jamaicaobserver.com/business/Philips-shares-slump-over-weak-profits_16509269 AMSTERDAM, Netherlands Local Business Wed, 23 Apr 2014 02:00:00 GMT Novartis reshapes business with GSK, Lilly deals http://www.jamaicaobserver.com/business/Novartis-reshapes-business-with-GSK--Lilly-deals_16509248 GENEVA, Switzerland Local Business Wed, 23 Apr 2014 02:00:00 GMT Earnings and corporate deals lift US stocks http://www.jamaicaobserver.com/business/Earnings-and-corporate-deals-lift-US-stocks_16509367 NEW YORK, USA Financial Wed, 23 Apr 2014 02:00:00 GMT Sales of US existing homes slip to a 20-month low http://www.jamaicaobserver.com/business/Sales-of-US-existing-homes-slip-to-a-20-month-low_16509261 SALES of existing US homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. Local Business Wed, 23 Apr 2014 02:00:00 GMT Dispensaries in limbo as moratoriums sweep state of Oregon http://www.jamaicaobserver.com/business/Dispensaries-in-limbo-as-moratoriums-sweep-state-of-Oregon_16509318 Oregon, USA Local Business Wed, 23 Apr 2014 02:00:00 GMT No solution in sight for shoe factory strike http://www.jamaicaobserver.com/business/No-solution-in-sight-for-shoe-factory-strike_16509294 BEIJING, China Local Business Wed, 23 Apr 2014 02:00:00 GMT AT&T joins crowded field with online video plans http://www.jamaicaobserver.com/business/AT-T-joins-crowded-field-with-online-video-plans_16509263 NEW YORK, USA Local Business Wed, 23 Apr 2014 02:00:00 GMT Comcast earnings surge on upbeat NBC results http://www.jamaicaobserver.com/business/Comcast-earnings-surge-on-upbeat-NBC-results_16509264 PENNSYLVANIA, USA Local Business Wed, 23 Apr 2014 02:00:00 GMT US looking into Mexican exports, price of sugar http://www.jamaicaobserver.com/business/US-looking-into-Mexican-exports--price-of-sugar_16509262 LOUISIANA, USA Local Business Wed, 23 Apr 2014 02:00:00 GMT General Motors seeks more protection from suits http://www.jamaicaobserver.com/business/General-Motors-seeks-more-protection-from-suits_16509145 MICHIGAN, USA Financial Wed, 23 Apr 2014 02:00:00 GMT US job market for college grads better but still weak http://www.jamaicaobserver.com/business/US-job-market-for-college-grads-better-but-still-weak_16509245 WASHINGTON, USA Local Business Wed, 23 Apr 2014 02:00:00 GMT