Business

Seek and you will find

"Ask and it will be given to you; seek and you will find; knock and the door will be opened to you." — Matthew 7:7 Some persons think that if they have clear financial goals which they would like to accomplish, then they should not experience too many obstacles en route to success. They bel ... Read More

LASCO appointed
Unilever distributor in Ja LASCO appointed Unilever distributor in Ja
LASCO Distributors Limited has been appointed distributors of Unilever food products in Jamaica. Th ... Read More

WILLIAMS… we are very, very happy with the leadership and their plans for
developing the transportation and logistics sector Proven increases stake in Knutsford Express
Financial outfit Proven Investments Limited has increased its stake in Knutsford Express Services Li ... Read More

ANDERSON… JMMB is again taking the first step in making
true goal planning a concrete reality for our clients JMMB launches New Goal Planning Service
Jamaica Money Market Brokers (JMMB) yesterday launched a new goal-planning service to the Jamaican m ... Read More

Digicel Business digs deeper into BYOD market

Wednesday, November 26, 2014    

ENNIS… BYOD is changing the dynamic of the
adaptive workspace and employees are now able to
access their productive tools at anytime from
anywhere

DIGICEL Business says it has partnered with a second mobile device management (MDM) provider as part of its thrust into the bring-your-own-device (BYOD) market. According to Digicel, the ICT solutions provider, named AirWatch, will use the partnership to further leverage its parent's position in the mobile phone market. Digicel already has enterprise mobility management solution provider, Citrix, on board. "Management of mobile devices has become essential to businesses as cellphones become s ... Read More

Kingston Wharves projects domestic activity increase in December

Wednesday, November 26, 2014    

Activity at Kingston Wharves

KINGSTON Wharves Limited (KWL) expects its December quarter to offer an uptick in domestic activity but show flat transshipment activity. The outlook of the privately held wharf offers a glimpse into the wider economy. "As we approach the end of 2014, KWL expects a marginal increase in domestic demand while transshipment is expected to remain flat. KWL's management remains optimistic about future growth prospects and continues its strategic emphasis on expanding its customer base and offering ... Read More

If a margin calls, will you answer?

with RYAN STRACHAN | Wednesday, November 26, 2014    

Ryan Strachan

INVESTORS, passive and active alike, are heavily reliant on the counsel, guidance and advice of licensed finance professionals when making investment decisions. While advice may differ and performance will be the ultimate arbiter of any direction taken, there remain three underlying but influential factors which aid in determining investment decisions and which form the subject of today's submission. Margins call out to every astute investor, but not all necessarily answer. For the purpose of ... Read More

Sony warns reforms needed before smartphones make money

Wednesday, November 26, 2014    

The Sony Xperia smartphone

TOKYO, Japan (AFP) Struggling Sony warned it needs to carry out years of root and branch reform before it can turn around its battered smartphone arm. The Japanese consumer giant, fresh from revealing a 172 billion yen (US$1.5 billion) operating loss in the mobile communication segment for the latest quarter, said painful changes lay ahead. "We must carry out structural reform before we can launch a new business," said Hiroki Totoki, new head of Sony Mobile Communications Inc and a Sony group ... Read More

Mustard Seed cuts $40,000 a week water bill at St Ann home

BY TERRON DEWAR Business reporter dewart@jamaicaobserver.com | Wednesday, November 26, 2014    

Jacob’s well, one of three catchment ponds on Mustard Seed’s Jacob’s Ladder property in St Ann.

FOR five years, Mustard Seed Communities spent upwards of $40,000 a week on trucked water for its Jacob's Ladder Apostolate in St Ann. Two years ago, that financial burden was lifted when the charity began harvesting its own water in three catchment ponds it dug on the 102-acre property and from additional gutters created on the roofs of the buildings. The upshot is that Jacob's Ladder can now harvest and store up to 770,000 gallons of water, the home's administrator, Denise Perkins, told the ... Read More

Singapore economy to grow 3.0 percent in 2014: Gov't

Wednesday, November 26, 2014    

A Dock yard in Singapore

SINGAPORE, Singapore ( AFP) — Singapore's economy is expected to slow to growth of 3.0 per cent this year as a global deterioration hits the city-state's crucial trade outlook, the government said yesterday. Gross domestic product (GDP) expanded 3.3 per cent year-on-year in the nine months to September, but is likely to ease in the final quarter "in line with a projected slowdown in the global economy", the Ministry of Trade and Industry (MTI) said in a statement. Last year, Singapore's ... Read More

Stagnant eurozone poses ‘major risk’ to world growth: OECD

Wednesday, November 26, 2014    

MANN… The euro area is grinding to a standstill and poses a
major risk to world growth.

PARIS, France (AFP) — The weak eurozone economy poses a key threat to global growth, the Oraganisation for Economic Cooperation and Development (OECD) warned yesterday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession. Forcing the two major European economies to meet the EU's tough deficit criteria "would likely depress activity further and even risk tipping the euro area into another recession," it said. France and Ital ... Read More

Americans urged to STOP wasting food

Wednesday, November 26, 2014    

STOP
wasting food

WASHINGTON, United States (AFP) — In the run-up to Thanksgiving, a holiday to celebrate bountiful harvests, Americans are being urged to stop wasting food so much. Some 34 million tons of food is thrown away in the United States every year, the Environmental Protection Agency (EPA) said over last weekend. That represents 21 per cent of all food produced, harvested and purchased food that is worth an estimated US$1.3 billion, at a time when one in six Americans face hunger. The EPA launc ... Read More

Russia loses US$140b from sanctions, oil price

Wednesday, November 26, 2014    

LAVROV… has accused the West of attempting to achieve “regime change” in Russia through
sanctions aimed at destroying the economy and rousing public protests

MOSCOW, Russia (AFP) — Russia is losing up to US$140 billion (113 billion euros) a year because of Western sanctions over the Ukraine conflict and plunging oil prices, but President Vladimir Putin has dismissed the economic damage as "not fatal". "We are losing around US$40 billion per year due to geopolitical sanctions," Finance Minister Anton Siluanov said in a speech at an economic forum in Moscow, quoted by RIA Novosti news agency. Siluanov added that falling oil prices were also cau ... Read More

Bank of Japan policymakers divided over extra stimulus: minutes

Wednesday, November 26, 2014    

KURODA… necessary to pursue monetary easing more
powerfully... and to reiterate (the BoJ’s) unwavering resolution
to achieving the price stability target of two per cent

TOKYO, Japan (AFP) — Policymakers were sharply divided over expanding the Bank of Japan's (BoJ) huge monetary easing plan last month, with opponents warning that the risks far outweighed any benefits, minutes from the meeting showed yesterday. The BoJ surprised markets on October 31 by announcing it would inflate its asset-buying plan by up to 80 trillion yen (US$676 billion) annually. The move was narrowly passed in a 5-4 vote among board members. The decision, which came days after the ... Read More



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