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 Jamaican retailers prepare for Black Friday http://www.jamaicaobserver.com/business/Jamaican-retailers-prepare-for-Black------Friday_19240352 MORE local retailers will this year capitalise on America's traditional Black Friday sale which falls on the day after Thanksgiving. Local Business Wed, 25 Nov 2015 00:00:00 GMT GK launches Dunn's River brands in Nigeria http://www.jamaicaobserver.com/business/GK-launches-Dunn-s-River-brands----in-Nigeria_19240353 GRACEKENNEDY Limited has just launched its Nurishment line in Nigeria, the country considered to be Africa's largest economy. Local Business Wed, 25 Nov 2015 00:00:00 GMT As prices fall... BOJ predicts oil price rise in early 2016 http://www.jamaicaobserver.com/business/As-prices-fall----BOJ-predicts-oil-price-rise-in-early-2016 WEST Texas intermediate benchmark pricing for crude was a low of US$42.63 per barrel yesterday and Wall Street analysts continue to predict a further slump into the new year. But the Bank of Jamaica (BOJ) is convinced otherwise. Local Business Wed, 25 Nov 2015 04:35:14 GMT Tank-Weld to transport cement by sea under CCC deal http://www.jamaicaobserver.com/business/Tank-Weld-to-transport-cement-by-sea-under-CCC-deal_19240341 CARIBBEAN Cement Company (CCC) Limited and Tank-Weld Metals confirmed on Monday that the two companies have come to an agreement for Tank-Weld Metals to distribute locally produced Carib Cement to the Jamaican market. Local Business Wed, 25 Nov 2015 00:00:00 GMT JLP to establish investment tax credit system http://www.jamaicaobserver.com/business/JLP-to-establish-investment-tax-credit-system_19240339 GRANVILLE, St James --Citing that profits, amounting to US$6billion, have migrated from the country over the past decade, if Jamaica Labour Party (JLP) forms the next administration, Opposition spokesman of Finance and Planning Audley Shaw has announced plans to roll out an investment tax credit system, among a raft of investment schemes, geared towards attracting investors to pump back gains into the local economy. Local Business Wed, 25 Nov 2015 00:00:00 GMT PAAC to review fiscal policy paper today http://www.jamaicaobserver.com/business/PAAC-to-review-fiscal-policy-paper-today The Public Administration and Appropriations Committee (PAAC) of the House of Representatives is scheduled to start its review of the 2015/16 Fiscal Policy Paper (FPP) Interim Report when it meets today at 10 am at Gordon House. Local Business Wed, 25 Nov 2015 04:39:42 GMT Unions alarmed as Nestlé/Musson deal approaches http://www.jamaicaobserver.com/business/Unions-alarmed-as-Nestl--Musson-deal-approaches_19240348 REPRESENTATIVES of Nestlé Jamaica and the Bustamante Industrial Trade Union (BITU) met last week to discuss the implications of the expected acquisition by the local Musson Group of the Jamaican operations of global food firm, Nestlé. Local Business Wed, 25 Nov 2015 00:00:00 GMT Lasco expands MoneyGram via First Heritage http://www.jamaicaobserver.com/business/Lasco-expands-MoneyGram-via-First-Heritage_19240323 LASCO Financial Services Limited has signed a deal with First Heritage Co-operative Credit Union (FHCCU) resulting in an additional 11 MoneyGram agents for the company. Local Business Wed, 25 Nov 2015 00:00:00 GMT Dolphin Cove restructures http://www.jamaicaobserver.com/business/Dolphin-Cove-restructures_19240335 ON Monday, Dolphin Cove Limited indicated that, at a board meeting on Wednesday, November 18, 2015, directors Gregory Burrowes, Marilyn Burrowes, Richard Downer and R Danvers Williams tendered their resignations, and Eduardo Albor Villanueva, Concepcion Esteban, Gibran Chapur and Travis Burke were appointed as directors. Local Business Wed, 25 Nov 2015 00:00:00 GMT Choosing a cable TV/internet provider http://www.jamaicaobserver.com/business/Choosing-a-cable-TV-internet-provider JAMAICANS have reaped remarkable benefits from the competitive t e l e c o m m u n i c a t i o n s environment since 2001 and are currently witnessing the same players squaring off in the arena of internet, cable TV, landline, and cellular (collectively referred to as “broadband” services). Local Business Wed, 25 Nov 2015 04:54:20 GMT C2W Music back in the red http://www.jamaicaobserver.com/business/C2W-Music-back-in-the-red SONG publisher C2W Music Limited is back in the red after posting a loss of US$5,032 ($603,035) for its third quarter ending September 30. Local Business Wed, 25 Nov 2015 04:48:36 GMT December 19 is D-Day for Melia Braco http://www.jamaicaobserver.com/business/December-19-is-D-Day-for-Melia-Braco MELIA Braco, the upgraded 232-room resort which is owned by the National Insurance Fund (NIF), is just weeks away from welcoming its first guests. Local Business Wed, 25 Nov 2015 04:45:16 GMT Don't chase dreams, build visions instead (Part 2) http://www.jamaicaobserver.com/business/Don-t-chase-dreams--build--visions-instead--Part-2_19239343 IN Part 1 I mentioned two iconic figures whose creative genius spawned massive commercial empires. Having previously covered Walt Disney, I will now focus on the second cultural icon. Local Business Wed, 25 Nov 2015 00:00:00 GMT Thomas departs as 138 Student Living increases deal pipeline http://www.jamaicaobserver.com/business/Thomas-departs-as-138-Student-Living-increases-deal-pipeline_19240304 NOTING that another deal with yet another local university was in the pipeline for housing developer 138 Student Living Jamaica Limited (138SL), departing director Kingsley Thomas said that his resignation during the last week was for personal reasons. Local Business Wed, 25 Nov 2015 00:00:00 GMT Beat the benchmark! http://www.jamaicaobserver.com/business/Beat-the-benchmark-_19240256 Disclaimer: First and foremost, investing is not a get-rich-quick scheme, nor should it be thought of like that. However, with solid investments and sound financial advice it is a great tool to build wealth. Local Business Wed, 25 Nov 2015 00:00:00 GMT Jamaican entrepreneurs turn to Internet for foreign exchange income http://www.jamaicaobserver.com/business/Jamaican-entrepreneurs-turn-to-Internet-for-foreign-exchange-income_19240258 WITH the closure of the cosmetic mammoth Avon's Jamaican contract after 12 years of doing business on the island, a large hole was created in the revenue of network marketers that relied on this source of income as a means of supporting their families. Many of the former Avon sales reps are now on the market for some new means of obtaining the coveted US dollars to which they had become accustomed. Local Business Wed, 25 Nov 2015 00:00:00 GMT Yellen defends near-zero rates to consumer advocate Nader http://www.jamaicaobserver.com/business/Yellen-defends-near-zero-rates-to-consumer-advocate-Nader_19240231 WASHINGTON, United States (AFP) -- Americans have benefited from the Federal Reserve's near-zero interest rate policy, despite its negative impact on savers, Chair Janet Yellen said in a letter Monday to consumer advocate Ralph Nader. Local Business Wed, 25 Nov 2015 00:00:00 GMT Everyone loves same-day delivery, until they have to pay http://www.jamaicaobserver.com/business/Everyone-loves-same-day-delivery--until-they-have-to-pay_19240227 NEW YORK, United States (AP) -- Everyone likes the idea of same-day delivery. But who wants to pay for it? Local Business Wed, 25 Nov 2015 00:00:00 GMT New York excited for Thanksgiving parade despite fears http://www.jamaicaobserver.com/business/New-York-excited-for-Thanksgiving-parade-despite-fears-_19240225 New York, United States (AFP) Its a once in a lifetime opportunity to take part in one of America's most iconic events: the Thanksgiving Day Parade in New York. So fears about terrorism aren't stopping anyone. Local Business Wed, 25 Nov 2015 00:00:00 GMT Is the bubble bursting for India’s online start-ups? http://www.jamaicaobserver.com/business/Is-the-bubble-bursting-for-India-s-online-start-ups-_19240235 MUMBAI, India (AFP) -- Hundreds of layoffs at several Indian start-ups have sparked fears that the bubble is starting to burst for the country's e-commerce companies, amid claims by analysts that many of them are overvalued. Local Business Wed, 25 Nov 2015 00:00:00 GMT Alibaba boss in bid for Hong Kong newspaper: Bloomberg http://www.jamaicaobserver.com/business/Alibaba-boss-in-bid-for-Hong-Kong-newspaper--Bloomberg-_19240228 HONG KONG, China (AFP) - The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post (SCMP) newspaper, Bloomberg News reported Monday. Local Business Wed, 25 Nov 2015 00:00:00 GMT Greece cleared to get next batch of bailout loans http://www.jamaicaobserver.com/business/Greece-cleared-to-get-next-batch-of-bailout-loans_19240230 ATHENS, Greece (AP) -- Greece was formally cleared on Monday to get the next batch of bailout loans due from its third financial rescue after the cash-strapped country implemented a series of economic reform measures that European creditors had demanded. Local Business Wed, 25 Nov 2015 00:00:00 GMT Britain to boost world BBC funding for 'soft power' http://www.jamaicaobserver.com/business/Britain-to-boost-world-BBC-funding-for--soft-power--_19240229 LONDON, United Kingdom (AFP) - BBC World Service will get a funding boost to strengthen London's "soft power" in a security review released Monday, allowing for increased Russian services, television in Africa and radio for North Korea. Local Business Wed, 25 Nov 2015 00:00:00 GMT Tank-Weld, Carib Cement confirm distribution deal http://www.jamaicaobserver.com/business/Tank-Weld--Carib-Cement-confirm-distribution-deal KINGSTON, Jamaica – Caribbean Cement Company Limited and Tank-Weld Metals confirmed on Monday that the two companies have come to an agreement for Tank-Weld Metals to distribute locally produced Carib Cement to the Jamaican market. Local Business Mon, 23 Nov 2015 13:21:32 GMT Kingston Wharves on track to double business http://www.jamaicaobserver.com/business/Kingston-Wharves-on-track-to-double-business_19239758 KINGSTON Wharves Limited's (KWL) planned expansion of doubling its throughput to one million 20-foot container equivalent units (TEUs) per annum and establishing itself as a lead logistics provider appears to be a step closer. Local Business Sun, 22 Nov 2015 03:00:00 GMT