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 Logistics hub necessary but not sufficient, PIOJ http://www.jamaicaobserver.com/business/Logistics-hub-necessary-but-not-sufficient--PIOJ MONTEGO BAY, St James — Director General of the Planning Institute of Jamaica (PIOJ) Colin Bullock is cautioning that even though the logistics hub and other mega projects of that nature are important, they are still not enough for sustained economic growth. Local News Mon, 01 Sep 2014 02:08:57 GMT ‘Educate children about pension plans’ http://www.jamaicaobserver.com/business/-Educate-children-about-pension-plans- IT never crossed her mind that she would have been a widow at age 32. Local News Mon, 01 Sep 2014 01:56:24 GMT Finance minister leaves for Washington today http://www.jamaicaobserver.com/business/Finance-minister-leaves-for-Washington-today Finance and Planning Minister Dr Peter Phillips leaves the island today for Washington to engage in a series of discussions with officials from the US Treasury, US State Department, the International Monetary Fund (IMF), the Inter-American Development Bank (IADB), and the World Bank (IBRD). Local News Mon, 01 Sep 2014 02:08:55 GMT Popular US/Jamaican food chain Golden Krust sues rival over name http://www.jamaicaobserver.com/business/Popular-US-Jamaican-food-chain-Golden-Krust-sues-rival-over-name NEW YORK, (CMC) – The owners of the popular Golden Krust food chain in the US have filed a lawsuit to stop a rival Jamaican food company -- Silver Krust -- from partially using its name. Local Business Sun, 31 Aug 2014 09:52:51 GMT Caribbean Flavours goes after more exports http://www.jamaicaobserver.com/business/Caribbean-Flavours-goes-after-more-exports_17444418 CARIBBEAN Flavours and Fragrances (CFF) expects to secure two new export projects this financial year. Local Business Sun, 31 Aug 2014 00:30:00 GMT Facebook still poking its way to higher levels http://www.jamaicaobserver.com/business/Facebook-still-poking-its-way-to-higher-levels_17443425 IT has been just over two years since one of the most anticipated initial public offerings in the post- financial crisis period came to market -- Facebook. Local Business Sun, 31 Aug 2014 01:00:00 GMT German economic fears growing but Merkel strong http://www.jamaicaobserver.com/business/German-economic-fears-growing-but-Merkel-strong_17441525 BERLIN, Germany - Ordinary Germans are spooked about the future. Businesses are starting to see black clouds on the horizon. And an economy that has been the envy of Europe is showing cracks, shrinking unexpectedly last quarter amid the conflict in Ukraine. Financial Sun, 31 Aug 2014 01:00:00 GMT Eye doctor not registered? You might not get insurance to pay for your glasses http://www.jamaicaobserver.com/business/Eye-doctor-not-registered--You-might--not-get-insurance-to-pay-for-your-glasses_17288041 Dear Claudienne Local Business Sun, 31 Aug 2014 01:00:00 GMT Biomedical expanding http://www.jamaicaobserver.com/business/Biomedical-expanding_17443219 BIOMEDICAL Caledonia Medical Laboratory has added six collection centres to its network over the last 14 months. Local Business Sun, 31 Aug 2014 01:00:00 GMT As stocks rise, so does anxiety: Time to get out? http://www.jamaicaobserver.com/business/As-stocks-rise--so-does-anxiety--Time-to-get-out-_17440467 NEW YORK, USA - Is it time to cash out of stocks? Financial Sun, 31 Aug 2014 01:00:00 GMT Chinese e-commerce rivals challenge Alibaba http://www.jamaicaobserver.com/business/Chinese-e-commerce-rivals-challenge-Alibaba-_17442030 BEIJING, China - China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its US stock offering. Financial Sun, 31 Aug 2014 01:00:00 GMT India grows by 5.7% http://www.jamaicaobserver.com/business/India-grows-by-5-7-_17443106 NEW DELHI, India - India said Friday its economy grew by 5.7 per cent in the first financial quarter, its fastest pace in over two years, as the election of a new right-wing government spurred business confidence. Financial Sun, 31 Aug 2014 02:00:00 GMT Caribbean records increase in tourist arrivals http://www.jamaicaobserver.com/business/Caribbean-records-increase-in-tourist-arrivals BRIDGETOWN, Barbados (CMC) -- The Caribbean recorded a rise in visitor arrivals during the first half of this year, keeping pace with the world average, according to figures released by the Barbados-based Caribbean Tourism Organization (CTO). Local Business Fri, 29 Aug 2014 12:10:26 GMT Rio Minho sand miners face joblessness http://www.jamaicaobserver.com/business/Rio-Minho-sand-miners-face-joblessness_17435643 SAND miners along the Rio Minho River in Clarendon may soon be left without a livelihood. Local Business Fri, 29 Aug 2014 01:00:00 GMT RJR enters subscriber TV market http://www.jamaicaobserver.com/business/RJR-enters-subscriber-TV-market_17438367 RJR will launch Internet subscriber TV to bolster its $300-million upgrade. Local Business Fri, 29 Aug 2014 01:00:00 GMT Sweet River IPO falls $60m shy of target http://www.jamaicaobserver.com/business/Sweet-River-IPO-falls--60m-shy-of-target_17438220 SWEET River Abattoir and Supplies Company's initial public offering (IPO) closed out $62 million shy of its target on Wednesday. Local Business Fri, 29 Aug 2014 01:00:00 GMT After 11-year ban, Canadian beef returns to Jamaican market http://www.jamaicaobserver.com/business/After-11-year-ban--Canadian-beef-returns-to-Jamaican-market_17416691 CANADIAN beef has been approved for import into Jamaica after being closed out of the market for the last eleven years. Local Business Fri, 29 Aug 2014 01:00:00 GMT Red Stripe earnings skyrocket http://www.jamaicaobserver.com/business/Red-Stripe-earnings-skyrocket_17438169 RED Stripe's net profit for the year to June 30 jumped by 160 per cent from year-earlier levels. Local Business Fri, 29 Aug 2014 01:00:00 GMT JAMPRO represents region at China summit http://www.jamaicaobserver.com/business/JAMPRO-represents-region-at-China-summit_17438287 FROM September 5-14, JAMPRO will be leading a regional delegation from the Caribbean Association of Investment Promotion Agencies (CAIPA) and local exporters to the eighth annual China-LAC Business Summit in Changsha, Hunan. Local Business Fri, 29 Aug 2014 01:00:00 GMT Franchising: How JUTC could avoid a fare hike http://www.jamaicaobserver.com/business/Franchising--How-JUTC-could-avoid-a-fare-hike_17438372 THE Jamaica Urban Transit Company (JUTC) lost $2.8 billion last year. Local Business Fri, 29 Aug 2014 01:00:00 GMT Cable & Wireless PLC acquires Grupo Sonitel http://www.jamaicaobserver.com/business/Cable---Wireless-PLC-acquires-Grupo-Sonitel_17438289 CABLE & Wireless Communications, Plc (CWC), through its subsidiary Cable & Wireless Panamá S A (CWP), yesterday announced that it has agreed to acquire Panama-based Grupo Sonitel for US$36 million, plus contingent consideration of up to an additional US$5 million. Local Business Fri, 29 Aug 2014 01:00:00 GMT Malaysia Airlines to cut 6,000 staff in overhaul http://www.jamaicaobserver.com/business/Malaysia-Airlines-to-cut-6-000-staff-in-overhaul KUALA LUMPUR, Malaysia (AP) — Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters. Local Business Fri, 29 Aug 2014 07:51:46 GMT Worrying Eurozone inflation sags again to 0.3 % http://www.jamaicaobserver.com/business/Worrying-Eurozone-inflation-sags-again-to-0-3-- FRANKFURT, Germany (AP) — Inflation in the 18 countries that use the euro sank to 0.3 per cent in August, a worrying sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery. Local Business Fri, 29 Aug 2014 07:30:37 GMT Senior public servant defends repayment to IMF http://www.jamaicaobserver.com/business/Senior-public-servant-defends-repayment-to-IMF_17438217 BASSETERRE, ST Kitts — A senior public servant has said the St Kitts-Nevis government was right when it repaid, ahead of schedule, US$17.1 million in obligations to the Washington-based International Monetary Fund (IMF). Local Business Fri, 29 Aug 2014 01:00:00 GMT Alarm as Nicaragua starts canal route survey http://www.jamaicaobserver.com/business/Alarm-as-Nicaragua-starts-canal-route-survey_17431576 MANAGUA, Nicaragua — TEAMS of assessors accompanied by soldiers and police have begun surveying properties along the route of Nicaragua's planned interoceanic canal, taking quick steps toward the start of a vast project the country has dreamed of for more than a century. Financial Fri, 29 Aug 2014 01:00:00 GMT