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 Harvard Business Review to report on Jamaica's FDI attractiveness http://www.jamaicaobserver.com/business/Harvard-Business-Review-to-report-on-Jamaica-s-FDI-attractiveness_18679417 JAMAICA'S attractiveness as a destination for foreign direct investment (FDI) could sink or swim with the upcoming publication of a report on its readiness by an influential business magazine. Local Business Wed, 01 Apr 2015 00:00:00 GMT New energy start-up to raise $450m on JSE http://www.jamaicaobserver.com/business/New-energy-start-up-to-raise--450m-on-JSE_18679635 THE Caribbean Energy Finance Company Ltd (CEFC) is set to become the first renewable energy finance company to hit the stock market, not just in Jamaica but anywhere in the Caribbean, and it is aiming to attract as many small investors as possible. Local Business Wed, 01 Apr 2015 00:00:00 GMT Angels to fund first five companies shortly http://www.jamaicaobserver.com/business/Angels-to-fund-first-five-companies-shortly-_18679588 Angel investors are contemplating pumping funds into five companies at roughly US$100,000 (J$11.5 m) each, according to Nelson Gray, World Bank consultant charged with developing an angel network across the Caribbean. Local Business Wed, 01 Apr 2015 00:00:00 GMT JPS bills government US$158m for light http://www.jamaicaobserver.com/business/JPS-bills-government-US-158m-for-light_18679630 THE Government's light bill from the power utility companyJamaica Public Service (JPS) dipped five per cent year-on-year to US$158 million ($18.2 b), but it's also paying less of its bill on time, just released audited financials revealed. Local Business Wed, 01 Apr 2015 00:00:00 GMT The value of a qualified financial advisor http://www.jamaicaobserver.com/business/The-value-of-a-qualified-financial-advisor_18678178 FOR a long time much has been considered about whether a financial advisor will add value to one's financial holdings. Many people find it difficult to invest on their own, particularly as they amass wealth or as their financial situations become more complex. That is when professional financial advice can help. Local Business Wed, 01 Apr 2015 00:00:00 GMT Claiming what is rightfully yours —  the doctrine of proprietary estoppel http://www.jamaicaobserver.com/business/Claiming-what-is-rightfully-you-rs--the-doctrine-of-proprietary-estoppel_18678032 THERE are many cases in which the owner of land allows another person to expend money on that land or otherwise act to his detriment under a promise or expectation that he will acquire an interest in the land. Local Business Wed, 01 Apr 2015 00:00:00 GMT Facebook moves into 'not fancy' new headquarters http://www.jamaicaobserver.com/business/Facebook-moves-into--not-fancy--new-headquarters-_18679642 SAN FRANCISCO, United States (AFP) — Facebook moved into its new Frank Gehry-designed headquarters in Silicon Valley, with a rooftop park and "the largest open floor plan in the world." Local Business Wed, 01 Apr 2015 00:00:00 GMT Colombia transforms old tires into green housing http://www.jamaicaobserver.com/business/Colombia-transforms-old-tires-into-green-housing_18677723 CHOACHI, Colombia (AFP) -- The highlands around the Colombian capital are scattered with small buildings that look like out-of-place igloos but are in fact innovative houses made from the tires that litter the country's roads. Local Business Wed, 01 Apr 2015 00:00:00 GMT Taiwan and South Korea to apply to join China-led infrastructure bank http://www.jamaicaobserver.com/business/Taiwan-and-South-Korea-to-apply-to-join-China-led-infrastructure-bank_18677798 TAIPEI, Taiwan (AFP) -- Taiwan said Monday it would make a formal application to join the Asian Infrastructure Investment Bank (AIIB), becoming the latest economy to express interest in the Beijing-backed institution. Local Business Wed, 01 Apr 2015 00:00:00 GMT Case for optimism on Jamaica — Part 1 http://www.jamaicaobserver.com/business/Case-for-optimism-on-Jamaica---Part-1_18677878 FOR a long time, Sagicor CEO Richard Byles has looked somewhat lonely in his role of optimist-in-chief, a name given him by a prominent media columnist, and perhaps others. He has performed the very important function of co-chair of the Economic Programme Oversight Committee (EPOC), lending his credibility as one of Jamaica's most respected CEOs to the IMF-driven economic reform process. Local Business Wed, 01 Apr 2015 00:00:00 GMT Cuba wants more Internet access while keeping state control http://www.jamaicaobserver.com/business/Cuba-wants-more-Internet-access-while-keeping-state-control_18677580 WASHINGTON, United States (AFP) — Cuba wants to boost public Internet access while keeping the Communist Government's control over it, a senior US official close to talks with Havana on technology said Monday. Local Business Wed, 01 Apr 2015 00:00:00 GMT Understanding organisational culture in strategic change management — Part 2 http://www.jamaicaobserver.com/business/Understanding-organisational-culture-in-strategic-change-management---Part-2_18677970 The power culture Local Business Wed, 01 Apr 2015 00:00:00 GMT Insurers set aside millions for Germanwings crash http://www.jamaicaobserver.com/business/Insurers-set-aside-millions-for-Germanwings-crash_18677673 BERLIN, Germany (AFP) -- Insurers have begun counting the financial cost of the Germanwings plane disaster, parent company Lufthansa said Tuesday, with hundreds of millions of US dollars being set aside to cover compensation for victims' families. Local Business Wed, 01 Apr 2015 00:00:00 GMT ListenMi launches League of Maroons comic on Android http://www.jamaicaobserver.com/business/ListenMi-launches-League-of-Maroons-comic-on-Android_18679514 ListenMi Caribbean Ltd, a local-based studio, this month launched League of Maroons, an online comic for download on Android and Amazon platforms. Local Business Wed, 01 Apr 2015 00:00:00 GMT Sweden to raise petrol tax as price falls http://www.jamaicaobserver.com/business/Sweden-to-raise-petrol-tax-as-price-falls_18677752 STOCKHOLM, Sweden (AFP) -- Sweden's left-wing government proposed Friday a hike in petrol taxes, citing the drop in oil prices and pressure put on it by its coalition partner the Greens. Local Business Wed, 01 Apr 2015 00:00:00 GMT Ford to relaunch Lincoln Continental in US, China http://www.jamaicaobserver.com/business/Ford-to-relaunch-Lincoln-Continental-in-US--China_18677835   Local Business Wed, 01 Apr 2015 00:00:00 GMT FOREX: J$115.04 to one US dollar http://www.jamaicaobserver.com/business/FOREX--J-115-04-to-one-US-dollar KINGSTON, Jamaica- The US dollar on Tuesday, March 31, ended trading at J$115.04, up two cents according to the Bank of Jamaica daily foreign exchange trading summary. Local Business Tue, 31 Mar 2015 17:32:02 GMT Appeal Court rules on long-running Paymaster vs GKRS case http://www.jamaicaobserver.com/business/Appeal-Court-rules-on-long-running-Paymaster-vs-GKRS-case_18670683 THE Court of Appeal has found that GraceKennedy Remittance Services (GKRS) Limited used the business plans of Paymaster Jamaica Limited to gain "unfair advantage" over the Audrey Marks-led company in the multi-bill payment market. Local News Mon, 30 Mar 2015 01:00:00 GMT Tech entrepreneurs head for training in Jordan http://www.jamaicaobserver.com/business/Tech-entrepreneurs-head-for-training-in-Jordan_18652612 Three local start-up technology companies have been selected to benefit from a US$90,000 ($10.3 million)-investment and a trip to Jordan-based accelerator company Oasis500. Local Business Sun, 29 Mar 2015 00:00:00 GMT The Rent Assessment Board offers to mediate http://www.jamaicaobserver.com/business/The-Rent-Assessment-Board-offers-to-mediate_18653449 Dear Claudienne, Local Business Sun, 29 Mar 2015 00:00:00 GMT A lesson in contingent convertible bonds (COCOs) http://www.jamaicaobserver.com/business/A-lesson-in-contingent-convertible-bonds--COCOs-_18654223 IN recent times, banks across the world have been issuing new types of financial instruments. This trend is part of an effort to increase the size of their capital base which will in turn improve their financial health and bring them into conformity with changing regulations. Local Business Sun, 29 Mar 2015 01:00:00 GMT SBAJ wants more lending options http://www.jamaicaobserver.com/business/SBAJ-wants-more-lending-options_18653470 Small Business Association of Jamaica (SBAJ) president Hugh Johnson called on banks to offer more innovative lending options to small businesses. Local Business Sun, 29 Mar 2015 00:00:00 GMT Howard Mollison now GM for Petrojam http://www.jamaicaobserver.com/business/Howard-Mollison-now-GM-for-Petrojam_18652570 Howard Mollison, chairman of the Jamaica Mortgage Bank (JMB), is now general manager for Petrojam under a two-year contract. Local Business Sun, 29 Mar 2015 00:00:00 GMT The MBA Forum Principles of Management Part 4 http://www.jamaicaobserver.com/business/The-MBA-Forum--Principles-of-Management-Part-4_18654011 "The conventional definition of management is getting work done through people, but real management is developing people through work." - Agha Hasan Abedi Local Business Sun, 29 Mar 2015 00:00:00 GMT Liqy Liqy — from mango passion to stinking toe http://www.jamaicaobserver.com/business/Liqy-Liqy---from-mango-passion-to-stinking-toe_18653248 MANCHESTER-BASED education officer Sasha Palmer is carving out a niche with the launch of her popsicle company Liqy Liqy. Local Business Sun, 29 Mar 2015 00:00:00 GMT