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 JNBS leads new project to tackle underperformance in schools http://www.jamaicaobserver.com/business/JNBS-leads-new-project-to-tackle-underperformance-in-schools_17548509 THE Jamaica National Building Society (JNBS) will tomorrow launch the iLead education leadership programme — a partnership between the JN Foundation and the Ministry of Education — which will targeted 15 of the country's weakest performing primary and secondary schools. Local News Mon, 15 Sep 2014 02:00:00 GMT BITU seeks meeting on flight attendants' dispute http://www.jamaicaobserver.com/business/BITU-seeks-meeting-on-flight-attendants--dispute_17548659 THE Bustamante Industrial Trade Union (BITU) is seeking an urgent meeting with the management of Caribbean Airlines (CAL), to avoid industrial action by its Jamaican flight attendants represented by the union. Local News Mon, 15 Sep 2014 02:00:00 GMT AP review: Apple Watch looks to be another winner http://www.jamaicaobserver.com/business/AP-review--Apple-Watch-looks-to-be-another-winner CUPERTINO, California (AP) -- As computerized wristwatches go, the upcoming Apple Watch looks impressive. Local Business Sun, 14 Sep 2014 15:17:30 GMT Three Jamaicans vying for tech start-up funds reach semi-finals of global contest http://www.jamaicaobserver.com/business/Three-Jamaicans-vying-for-tech-start-up-funds-reach-semi-finals-of-global-contest_17541623 Three Jamaicans who are competing for US$15,000 ($1.6 million) are semi-finalists in the Global Innovation through Science and Technology (GIST) Tech-I competition. Local Business Sun, 14 Sep 2014 01:00:00 GMT Big collection boost needed tomorrow to cover 75% shortfall on business tax http://www.jamaicaobserver.com/business/Big-collection-boost-needed-tomorrow-to-cover-75--shortfall-on-business-tax_17532964 TAX Administration Jamaica (TAJ) would need to collect $900 million on Monday to meet the budgeted target for the small business tax. Local Business Sun, 14 Sep 2014 01:00:00 GMT What's in a credit rating? http://www.jamaicaobserver.com/business/What-s-in-a-credit-rating-_17541927 2014 has seen more people becoming more educated and aware of things they would have one time taken for granted. When choosing a movie the trailer alone is just not enough to make the decision to spend two hours of our precious time, so now time is taken to read reviews and check the credits. When shopping online or taking a vacation at a new place we take extra care to read reviews and ask around to make sure that our money will be well spent. The same is true when investing our hard- earned funds, more emphasis and care is taken before committing to any option. Local Business Sun, 14 Sep 2014 01:00:00 GMT Careful not to buy TVs without the box... Warranty doesn't cover cracked screens http://www.jamaicaobserver.com/business/Careful-not-to-buy-TVs-without-the-box----Warranty-doesn-t-cover-cracked-screens_17527858 Dear Claudienne, Local Business Sun, 14 Sep 2014 01:00:00 GMT SMEs to get access to web portal for financing http://www.jamaicaobserver.com/business/SMEs-to-get-access-to-web-portal-for-financing_17542636 Dr William Lawrence (left), Director, professional services unit, Mona School of Business and Management (MSBM), University of the West Indies, attorney-at-law Shirley-Ann Eaton, and Milverton Reynolds, managing director of the Development Bank of Jamaica (DBJ) participate in the signing ceremony of an agreement between the DBJ and MSBM on a $14.4 million project to create a website to provide information on financing options and sources to small and medium-sized enterprises (SMEs). Jamaican SMEs face various challenges in establishing or expanding their operations. Some of these difficulties include a lack of (or limited) access to credit; sources of credit available to SMEs; financial information; and (information on the available financing options for their specific business model. The DBJ and MSBM five-year partnership will see the bank provide $8 million as a technical assistance grant. The school will develop and update a Web-based database of financing sources and information on funding options available to SMEs. "In some instances, it is not that the credit facilities are inaccessible or absent, it is simply that the people who require the services do not know what exists or where to find the financing that they need," said Reynolds. Local Business Sun, 14 Sep 2014 01:00:00 GMT Digicel completes purchase of Caribbean fibre network http://www.jamaicaobserver.com/business/Digicel-completes-purchase-of-Caribbean-fibre-network-_17541704 DIGICEL got the regulatory nod to buy a submarine fibre network from Guadeloupe-based Loret Group and Caribbean Fibre Holdings. Local Business Sun, 14 Sep 2014 01:00:00 GMT A footbal pitch that powers its own lights http://www.jamaicaobserver.com/business/A-footbal-pitch-that-powers-its-own-lights_17536272 RIO DE JANEIRO, Brazil Financial Sun, 14 Sep 2014 01:00:00 GMT Women vital for global recovery — Lagarde http://www.jamaicaobserver.com/business/Women-vital-for-global-recovery---Lagarde_17538567 TOKYO, Japan Financial Sun, 14 Sep 2014 01:00:00 GMT Why fund managers are sad you're not on vacation http://www.jamaicaobserver.com/business/Why-fund-managers-are-sad-you-re-not-on-vacation_17535582 NEW YORK, USA — YOUR stock-fund manager wishes you'd buy more fun things. Financial Sun, 14 Sep 2014 01:00:00 GMT Guyana defends decision to end contract with Indian company http://www.jamaicaobserver.com/business/Guyana-defends-decision-to-end-contract-with-Indian-company_17541735 GEORGETOWN, Guyana Local Business Sun, 14 Sep 2014 01:00:00 GMT European states struggle with Draghi's challenge http://www.jamaicaobserver.com/business/European-states-struggle-with-Draghi-s-challenge_17541250 MILAN, Italy Financial Sun, 14 Sep 2014 01:00:00 GMT Kickback scandal at Petobas could affect Brazil elections http://www.jamaicaobserver.com/business/Kickback-scandal-at-Petobas-could-affect-Brazil-elections_17535560 RIO DE JANEIRO, Brazil — A multi-billion dollar kickback scandal at Brazilian oil giant Petrobras, the country's state-owned industrial jewel, could affect the outcome of next month's presidential election. Financial Sun, 14 Sep 2014 01:00:00 GMT Antigua extends tax amnesty http://www.jamaicaobserver.com/business/Antigua-extends-tax-amnesty_17541734 ST JOHN'S, Antigua Local Business Sun, 14 Sep 2014 01:00:00 GMT GraceKennedy acquires majority shares in St Lucia’s EC Global http://www.jamaicaobserver.com/business/GraceKennedy-acquires-majority-shares-in-St-Lucia-s-EC-Global KINGSTON, Jamaica – The GraceKennedy Group is now the majority shareholder in St Lucian company, EC Global Insurance Company Limited (EC Global), with the acquisition of an additional 50 per cent share which brings its shareholdings to 80 per cent.     Local Business Fri, 12 Sep 2014 14:20:25 GMT Conch exporter to open local seafood store http://www.jamaicaobserver.com/business/Conch-exporter-to-open-local-seafood-store_17533754 CONCH exporter B&D Trawling will open a local seafood store in downtown Kingston next month. Local Business Fri, 12 Sep 2014 02:00:00 GMT Digicel to build islandwide cable TV network within 3 years http://www.jamaicaobserver.com/business/Digicel-to-build-islandwide-cable-TV-network-within-3-years_17534870 DIGICEL plans to build out an islandwide digital cable and home broadband network within three years, says Barry O'Brien. Local Business Fri, 12 Sep 2014 02:00:00 GMT Businesses more optimistic about the year ahead, says central bank report http://www.jamaicaobserver.com/business/Businesses-more-optimistic-about-the-year-ahead--says-central-bank-report_17535194 BUSINESSES are more optimistic that conditions will improve over the next year. Local Business Fri, 12 Sep 2014 02:00:00 GMT Access retains board http://www.jamaicaobserver.com/business/Access-retains-board_17534636 THE annual general meeting of Access Financial Services closed in prayer as armed guards oversaw the vote and appointment of six directors at the embattled micro-lending firm. Local Business Fri, 12 Sep 2014 02:00:00 GMT Even IMF cheered Jamaica's 1992 save-the-dollar effort http://www.jamaicaobserver.com/business/Even-IMF-cheered-Jamaica-s-1992-save-the-dollar-effort_17251041 THE International Monetary Fund (IMF) left Jamaicans in no doubt that further devaluation of the local currency was on the cards, at the end of the three-day visit to the island by its managing director, Christine Lagarde, in June this year. General News Fri, 12 Sep 2014 02:00:00 GMT BOJ makes early payment on US$70m in CDs http://www.jamaicaobserver.com/business/BOJ-makes-early-payment-on-US-70m-in-CDs_17526845 THE Bank of Jamaica (BOJ) paid off US$70 million in US-dollar certificates of deposit ahead of schedule in August. Local Business Fri, 12 Sep 2014 02:00:00 GMT Ford recalling 74,000 hybrid SUVs over stalling problem http://www.jamaicaobserver.com/business/Ford-recalling-74-000-hybrid-SUVs-over-stalling-problem DETROIT (AP) — Ford is recalling about 74,000 older-model gas-electric hybrid SUVs in the US and Canada to fix a stalling problem. Local Business Fri, 12 Sep 2014 08:59:08 GMT UN expert welcomes Caribbean debt restructuring resolution http://www.jamaicaobserver.com/business/UN-expert-welcomes-Caribbean-debt-restructuring-resolution_17534553 UNITED NATIONS HQ — A new United Nations General Assembly resolution on debt restructuring that will set up a multilateral legal framework for Caribbean and other debtor countries to emerge from debt safely has been welcomed by the UN rights expert on the issue as a way forward to "fill the current legal voice and reduce uncertainty". Local Business Fri, 12 Sep 2014 02:00:00 GMT