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 Money Tips for Rebound Kids http://www.jamaicaobserver.com/business/Money-Tips-for-Rebound-Kids_17412867 Most young adults eagerly look forward to the day when they will be able to break free of the restrictions of their parents' home and move out into their own place. The ability to earn enough money so that they can become financially independent is a major milestone in their lives. Local Business Thu, 28 Aug 2014 02:00:00 GMT Higher electricity, gas prices to come http://www.jamaicaobserver.com/business/Higher-electricity--gas-prices-to-come_17415488 Jamaicans should brace for higher electricity bills and prices at the pump due to political unrest in oil-rich nations, according to the Bank of Jamaica (BOJ). Local Business Wed, 27 Aug 2014 02:00:00 GMT Tourism ministry aims to pinpoint value of entertainment industry in Jamaica http://www.jamaicaobserver.com/business/Tourism-ministry-aims-to-pinpoint-value-of-entertainment-industry-in-Jamaica_17415372 THE MINISTRY of Tourism and Entertainment hopes to finally pinpoint the value of the local entertainment industry. Local Business Wed, 27 Aug 2014 02:00:00 GMT Jamaican water company heads to China http://www.jamaicaobserver.com/business/Jamaican-water-company-heads-to-China_17417845 JAMAICAN water company, Lifespan, was awarded an exclusive Caribbean and Latin American invitation to participate in a high-end bottled drinking water expo in China. Local Business Wed, 27 Aug 2014 02:00:00 GMT Kremi enters final phase of expansion thrust http://www.jamaicaobserver.com/business/Kremi-enters-final-phase-of-expansion-thrust_17417139 KREMI maker, Caribbean Cream, beefed up its management with recent hires from local brewer Red Stripe as part of the final phase of its expansion thrust. Local Business Wed, 27 Aug 2014 02:00:00 GMT Remittances is health insurance for some http://www.jamaicaobserver.com/business/Remittances-is-health-insurance-for-some REMITTANCES serve as an informal health insurance scheme for vulnerable Jamaicans, according to a recently published Inter-American Development Bank (IDB) working paper. Local Business Wed, 27 Aug 2014 01:45:23 GMT Jamaican Teas to launch canned tuna http://www.jamaicaobserver.com/business/Jamaican-Teas-to-launch-canned-tuna_17415831 JAMAICAN Teas is expanding its canned food line. Local Business Wed, 27 Aug 2014 02:00:00 GMT Sterling eyes new date for listing in September http://www.jamaicaobserver.com/business/Sterling-eyes-new-date-for-listing-in-September_17412415 STERLING Investment Limited (SIL) has set a new three-week target to be listed on the Jamaica Stock Exchange (JSE). Local Business Wed, 27 Aug 2014 02:00:00 GMT Jamaica’s resilience to inflationary shocks unprecedented — Wynter http://www.jamaicaobserver.com/business/Jamaica-s-resilience-to-inflationary_17417779 IN a quarterly press briefing essentially devoted to the issue of inflation, Bank of Jamaica Governor Brian Wynter argued that the Jamaican economy is becoming more resilient to inflationary shocks because of the transformation taking place under the economic reform programme, even going so far as to describe the environment for inflation as showing an “unprecedented resilience”. Local Business Wed, 27 Aug 2014 02:00:00 GMT Licensing intellectual property rights http://www.jamaicaobserver.com/business/Licensing-intellectual-property-rights_17415519 A business that owns patents, trade marks and other intellectual property (IP) assets, may potentially be sitting on an untapped gold mine. In many instances only a small portion of these intangible assets are utilised to facilitate the business' core functions. Leveraging unused IP assets may serve to create new revenue streams for the business. A business may derive significant income from the licensing of its intellectual property. IBM, for example, generates in excess of US$1.5 billion annually solely from the licensing of its intangible assets. Local Business Wed, 27 Aug 2014 02:00:00 GMT Mutual funds are for everyone http://www.jamaicaobserver.com/business/Mutual-funds-are-for-everyone_17415512 YOU may be asking "what is a mutual fund and why should I invest in it?" Simply, a mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors. These funds are used to purchase securities such as stocks, bonds, money market instruments and commodities. The type of assets included in the fund will depend on the fund's mandate and investment strategy. Local Business Wed, 27 Aug 2014 02:00:00 GMT Sony network hacked, exec's flight diverted http://www.jamaicaobserver.com/business/Sony-network-hacked--exec-s-flight-diverted-_17415539 DALLAS (AP) — Hackers attacked Sony's PlayStation Network and apparently disrupted the travel plans of a top company executive by going on Twitter to suggest that there was a bomb on his American Airlines plane. Local Business Wed, 27 Aug 2014 02:00:00 GMT WHO recommends banning e-cigarette sales to minors http://www.jamaicaobserver.com/business/WHO-recommends-banning-e-cigarette-sales-to-minors_17415527 GENEVA, Switzerland (AFP) — Governments should ban the sale of e-cigarettes to minors, the World Health Organisation (WHO) said yesterday, warning that they pose a "serious threat" to foetuses and young people. Local Business Wed, 27 Aug 2014 02:00:00 GMT Amazon readying an attack on Google's ad business http://www.jamaicaobserver.com/business/Amazon-readying-an-attack-on-Google-s-ad-business-_17415547 NEW YORK, USA (AFP) — US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said recently, citing sources familiar with the matter. Local Business Wed, 27 Aug 2014 02:00:00 GMT Australia follows EU, US in allowing mobile devices in-flight http://www.jamaicaobserver.com/business/Australia-follows-EU--US-in-allowing-mobile-devices-in-flight-_17415553 SYDNEY, Australia (AFP) — Passengers on Qantas and Virgin Australia from yesterday were allowed to use mobile electronic devices in-flight with limited restrictions after a relaxation of the rules by the country's aviation authority. Local Business Wed, 27 Aug 2014 02:00:00 GMT German business confidence hits 13-month low: Ifo http://www.jamaicaobserver.com/business/German-business-confidence-hits-13-month-low--Ifo_17415549 FRANKFURT, August 25, 2014 (AFP) — Germany's Ifo business confidence index fell to the lowest level for more than a year in August, data showed yesterday, as Europe's biggest economy continues to run out of steam. Local Business Wed, 27 Aug 2014 02:00:00 GMT Survey: US consumer confidence near seven-year high http://www.jamaicaobserver.com/business/Survey--US-consumer-confidence-near-seven-year-high_17415600 WASHINGTON (AP) — US consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. Local Business Wed, 27 Aug 2014 02:00:00 GMT Swiss private bank releases first-ever results http://www.jamaicaobserver.com/business/Swiss-private-bank-releases-first-ever-results-_17415529 GENEVA, Switzerland (AFP) — The elite of Swiss private banks on yesterday begin lifting the veil on their books after a radical shift in their business model, amid tougher international regulations and crackdowns on tax dodgers. Local Business Wed, 27 Aug 2014 02:00:00 GMT Sales of US new homes fall in July http://www.jamaicaobserver.com/business/Sales-of-US-new-homes-fall-in-July_17415534 WASHINGTON (AP) — Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. Local Business Wed, 27 Aug 2014 02:00:00 GMT Survey: Economists say Federal Reserve is on 'the right track' http://www.jamaicaobserver.com/business/Survey--Economists-say-Federal-Reserve-is-on--the-right-track-_17415531 NEW YORK (AP) — A majority of economists believe the Federal Reserve (FED) is doing the right things to help repair the US economy, according to a survey released Monday by the National Association of Business Economists. Local Business Wed, 27 Aug 2014 02:00:00 GMT South Africa dodges recession, posts 0.6% growth in second quarter http://www.jamaicaobserver.com/business/South-Africa-dodges-recession--posts-0-6--growth-in-second-quarter-_17415524 PRETORIA, South Africa — South Africa narrowly avoided slipping into recession in the first half of the year, official data made public yesterday, as the economy grew by a meagre 0.6 per cent in the second quarter. Local Business Wed, 27 Aug 2014 02:00:00 GMT Turner Broadcasting offering buyouts http://www.jamaicaobserver.com/business/Turner-Broadcasting-offering-buyouts_17415632 NEW YORK (AP) — The corporate parent of CNN, TNT and TBS yesterday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner. Local Business Wed, 27 Aug 2014 02:00:00 GMT Survey: US gas prices down four cents per gallon http://www.jamaicaobserver.com/business/Survey--US-gas-prices-down-four-cents-per-gallon_17415540 CAMARILLO, Calif (AP) — The average US price of gasoline has dipped 4 cents per gallon in the past two weeks, and prices in California have fallen 5 cents in the same time period. Local Business Wed, 27 Aug 2014 02:00:00 GMT US casual-wear giant Gap to launch 40 stores in India http://www.jamaicaobserver.com/business/US-casual-wear-giant-Gap-to-launch-40-stores-in-India_17415543 NEW DELHI, India (AFP) - US casual-wear retail giant Gap Inc says it will open 40 stores in India, calling the expansion "an important next step" in its global growth strategy. Local Business Wed, 27 Aug 2014 02:00:00 GMT Hard to swallow? Burger King may move to Canada http://www.jamaicaobserver.com/business/Hard-to-swallow--Burger-King-may-move-to-Canada-_17415544 NEW YORK (AP) — Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Local Business Wed, 27 Aug 2014 02:00:00 GMT