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 Successful local investors credit workers’ contribution to their success http://www.jamaicaobserver.com/business/Successful-local-investors-credit-workers--contribution-to-their-success_82842 Mayberry Investments’ recent November monthly investor forum in New Kingston has won credit for allowing three local investors — Howard Mitchell, Harry Maragh and Peter McConnell — the chance to reveal how they successfully manoeured troubled business waters. Local Business Wed, 07 Dec 2016 00:00:00 GMT National Baking Company wins Jamaica Observer Business Leader Award from field of eight http://www.jamaicaobserver.com/business/National-Baking-Company-wins-Jamaica-Observer-Business-Leader-Award-from-field-of-eight_82822 THE Jamaica Observer Business Leader Awards on Sunday recognised the National Baking Company for its philanthropic contribution towards the development of the country during the year 2015. Local Business Wed, 07 Dec 2016 00:00:00 GMT Jamaica’s new social partnership could finally help create the long-awaited prosperity http://www.jamaicaobserver.com/business/Jamaica-s-new-social-partnership-could-finally-help-create-the-long-awaited-prosperity_82861 Today, a new social partnership “A partnership for a prosperous Jamaica” will be signed by the government, the private sector, the trade union movement and civil society. Local Business Wed, 07 Dec 2016 00:00:00 GMT Hendrickson dedicates Observer Business Leader Award to his staff, customers http://www.jamaicaobserver.com/business/Hendrickson-dedicates-Observer-Business-Leader-Award-to-his-staff--customers_82691 Although the Jamaica Observer Business Leader Award for Corporate Philanthropy was won by National Baking Company, Gary “Butch” Hendrickson admitted that he was humbled by the recognition, but said the honour really belonged to his team and the company’s customers. Local Business Wed, 07 Dec 2016 00:00:00 GMT Blue Power doubles profit http://www.jamaicaobserver.com/business/Blue-Power-doubles-profit_82740 Soap and lumber company Blue Power Group made $36.4 million in net profit for the three months ending October 31, more than doubling profit posted a year earlier. Local Business Wed, 07 Dec 2016 00:00:00 GMT Red Stripe’s ‘Learning for Life’ project creates another young entrepreneur http://www.jamaicaobserver.com/business/Red-Stripe-s--Learning-for-Life--project-creates-another-young-entrepreneur_82301 TRAVIS Graham enrolled in the Red Stripe ‘Learning for Life’ (LFL) programme six years ago, completely unaware that the music management course he signed up for would have created the foundation for his success in the recording business. Local Business Wed, 07 Dec 2016 00:00:00 GMT Cemex announces take-over bid for Trinidad Cement Ltd http://www.jamaicaobserver.com/business/Cemex-announces-take-over-bid-for-Trinidad-Cement-Ltd_82834 On Monday CEMEX, SAB. de CV announced that one of its indirect subsidiaries, Sierra Trading, will present an offer and take-over bid to all shareholders of Trinidad Cement Ltd (TCL), a company publicly listed in Trinidad and Tobago, Jamaica and Barbados. Local Business Wed, 07 Dec 2016 00:00:00 GMT Double down on cloning technology — Kingsley Chin http://www.jamaicaobserver.com/business/Double-down-on-cloning-technology---Kingsley-Chin_82802 In order to produce high-quality livestock on a frequent basis, CEO of US-based KIC Ventures, Jamaican-born Dr Kingsley Chin, is proposing that Government invest in cloning technology. Local Business Wed, 07 Dec 2016 00:00:00 GMT Do not get fleeced! http://www.jamaicaobserver.com/business/Do-not-get-fleeced-_82858 The Christmas season naturally brings with it higher levels of commercial activity than at other times of the year, and traditionally people engage in making gift purchases for themselves, families and friends. Local Business Wed, 07 Dec 2016 00:00:00 GMT It’s the Holiday Season! http://www.jamaicaobserver.com/business/It-s-the-Holiday-Season-_82852 It’s surprising how much more money we spend during this season than any other. We never see the negative effects of how much we spend until the calendar flips to January. The overspending sets in and we realise we have a higher credit card statement than expected. Suddenly, we have tighter finances than imagined, increased stress, and a big regret over the amount of money spent. Local Business Wed, 07 Dec 2016 00:00:00 GMT Need a Business Investor? Tips to Consider http://www.jamaicaobserver.com/business/Need-a-Business-Investor--Tips-to-Consider_82855 The classic definition of a business is “an undertaking for the purpose of making a profit”. Enterprises naturally go through several phases, which, depending on the context of the discussion, will attract several different descriptions. An enterprise may be described as being in the start-up phase, the growth phase, the mature phase, or even a phase of decline. Local Business Wed, 07 Dec 2016 00:00:00 GMT How to build customer loyalty http://www.jamaicaobserver.com/business/How-to-build-customer-loyalty_82832 Creating long-term loyalty relationships with its target market is one of the primary objectives of most marketers. The reason is simple. Kotler estimates that it takes up to five times as much to attract a new customer as it does to retain an existing one; while Boone and Kurtz think it may be up to 20 times as much. (RIP, Louis Boone. You were among this marketer’s most powerful influences.) Local Business Wed, 07 Dec 2016 00:00:00 GMT Fontaine forges ahead http://www.jamaicaobserver.com/business/Fontaine-forges-ahead_82705 Gerard Fontaine reclines comfortably at his desk, business-like in shirt sleeves, but ruefully commenting that he didn’t bring a jacket in today and didn’t expect to be photographed. Local Business Wed, 07 Dec 2016 00:00:00 GMT Venezuela to print 20,000-unit banknote http://www.jamaicaobserver.com/business/Venezuela-to-print-20-000-unit-banknote_82703 CARACAS, Venezuela (AFP) — Inflation-stricken Venezuela will launch a new 20,000-bolivar banknote to help shoppers struggling with huge wads of currency in the country’s economic crisis, the central bank said. Local Business Wed, 07 Dec 2016 00:00:00 GMT UK Supreme Court begins hearings on Brexit challenge http://www.jamaicaobserver.com/business/UK-Supreme-Court-begins-hearings-on-Brexit-challenge_82730 LONDON, United Kingdom (AFP) — Britain’s Supreme Court began a historic hearing Monday to decide whether parliament has to approve the government’s Brexit negotiations, in a highly charged case that could delay the country’s EU exit. Local Business Wed, 07 Dec 2016 00:00:00 GMT Apple reveals autonomous vehicle ambitions http://www.jamaicaobserver.com/business/Apple-reveals-autonomous-vehicle-ambitions_82737 SAN FRANCISCO, United States (AFP) — Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the Government to make it easier to develop self-driving cars. Local Business Wed, 07 Dec 2016 00:00:00 GMT Amazon testing cashier-free retail store http://www.jamaicaobserver.com/business/Amazon-testing-cashier-free-retail-store_82732 SAN FRANCISCO, United States (AFP) — Amazon on Monday unveiled a new kind of retail store, with no cashiers. Local Business Wed, 07 Dec 2016 00:00:00 GMT Iceland plays the tourism card, for better for worse http://www.jamaicaobserver.com/business/Iceland-plays-the-tourism-card--for-better-for-worse_82796 REYKJAVIK, Iceland (AFP) — An island of ice and lava battered by the Arctic winds, Iceland’s dramatic and pristine landscape is attracting a growing number of tourists, not all of whom are respectful of the fragile ecosystem. Local Business Wed, 07 Dec 2016 00:00:00 GMT Rainforest Seafoods to introduce lionfish fillet http://www.jamaicaobserver.com/business/Rainforest-Seafoods-to-introduce-lionfish-fillet_82441 Brian Jardim, CEO of Rainforest Seafoods Ltd said the company is set to introduce a lower-priced fish fillet on the local market from a new product — lionfish. Local Business Sun, 04 Dec 2016 00:00:00 GMT Soldier’s missing money gets attention from Sagicor http://www.jamaicaobserver.com/business/Soldier-s-missing-money-gets-attention-from-Sagicor_82431 Dear Claudienne, Local Business Sun, 04 Dec 2016 00:00:00 GMT Fix farm roads to increase production — Grant http://www.jamaicaobserver.com/business/Fix-farm-roads-to-increase-production---Grant_82416 President of the Jamaica Agricultural Society (JAS) Norman Grant is calling on the Government to allocate an additional $300 million for the repair of farm roads in the upcoming fiscal budget. Local Business Sun, 04 Dec 2016 00:00:00 GMT A ‘Chupse’ of LOVE AND AFFECTION http://www.jamaicaobserver.com/business/A--Chupse--of-LOVE-AND-AFFECTION_82406 There was no need to ask Chupse twice if it would again participate in this year’s staging of ‘A Jamaican Made Christmas’. After all, the company that uses coffee beans to produce lanyards, key rings, bracelets, earrings and necklaces saw the benefits of taking a booth at the expo last year. Local Business Sun, 04 Dec 2016 00:00:00 GMT Ramocan to lead charge on UK diaspora investment http://www.jamaicaobserver.com/business/Ramocan-to-lead-charge-on-UK-diaspora-investment_82012 “The Jamaica Stock Exchange provides an ideal opportunity for members of the Jamaican Diaspora to help Jamaica while helping themselves. It’s a win-win formula that makes so much sense,” says George Ramocan, high commissioner-designate to the UK, as he met with senior officials at the Jamaica Stock Exchange yesterday. Local Business Sun, 04 Dec 2016 00:00:00 GMT A turning point for townhouses? http://www.jamaicaobserver.com/business/A-turning-point-for-townhouses-_82429 In my last article I referenced a real estate symposium held on Wednesday, October 12th, 2016 which was hosted by the Realtors Association of Jamaica in partnership with Victoria Mutual, at which the keynote speaker was Andrew Holness, prime minister of Jamaica. During his keynote speech, in addition to pronouncements on the Government’s plans to introduce the required policies and framework required to enable a secondary mortgage market and reverse mortgages, the prime minister also stated that legislation was also being considered to specifically regulate townhouses and townhouse complexes. Local Business Sun, 04 Dec 2016 00:00:00 GMT Your financial problem is… you http://www.jamaicaobserver.com/business/Your-financial-problem-is--you-_82407 Deep down you have an idea of what your financial problem is. And while the bank statement at the end of the month is the glaring example of the fact that not enough money is coming in, the real issue is, how are you going to solve it? Local Business Sun, 04 Dec 2016 00:00:00 GMT