Business

Jamaican real estate market is underpriced — Realtors Association

DESPITE beliefs that Jamaica's real estate market is significantly overpriced, president of the Realtors Association of Jamaica (RAJ) Edwin Wint says the quality of the market has deemed it to be undervalued. In fact, Wint who was among guests from the RAJ at the Jamaica Observer Monday Exchange, s ... Read More

A 1998 Isuzu
FRR truck Purchase of used vehicle drives buyer to despair
Dear Claudienne, I live in St James and I am the owner of a 1998 Isuzu FRR truck. I acquired this t ... Read More

HONG KONG, China — This picture taken on April 16, 2015 shows two bull statues displayed outside the stock exchange
in Hong Kong. Hong Kong stocks stormed to seven-year highs under a new policy that allows Chinese investors easy
access to the city’s bourse, but while analysts say the rally has some way to go they warn it will be tempered by cooling
measures from a nervous Beijing. (PHOTO: AFP) Unlocking value in a rising interest rate market
IT is now one year and counting since the US Federal Reserve Bank (Fed) began the conclusion ("taper ... Read More

PERSAUD... Microfinance is
about wealth creation. Caribbean MicroFinance Alliance works on promoting responsible lending
AS the Caribbiance (CMFA) prepares to make its presence felt on a regional basis, it is working to p ... Read More

Business Process Improvement (Part 2)

Sunday, May 03, 2015    

Putting out fires is a
symptom of a broken
process.

"The longest march starts with the first step" ~ Mao Tse-Tung What is a business process? According to Dan Madison's 2005 practical guide, "Process Mapping, Process Improvement, and Process Management", a process is "a group of activities that lead to some output or result." If we look at it narrowly from a business perspective, these are the steps that inputs traverse and get converted to become some value-added product or service. It means that we encounter processes every day. Processes a ... Read More

Seprod focuses on power generation plant and tripling exports

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, May 01, 2015    

SCOTT... It is
imperative that
we waste little
time in trying to
correct what we
control.PANDOHIE...
Management
is reviewing
several
options for a
co-generation
unit

Seprod, the farming conglomerate, will reconsider setting up its own power plant to cut costs amid posting disappointing earnings from sugar. It also plans to triple export earnings in three years from its current $1/2-billion level. Cane typically produces four revenue streams including sugar, molasses, rum and energy. But only sugar and molasses are exploited at its Golden Grove Sugar Company, stated chief executive officer Richard Pandohie. "Furthermore, not only are we not generating ener ... Read More

Barita launches investment portfolios

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, May 01, 2015    

From left, real estate broker Arnold Breakenridge with chairman of Barita Rita Lewin (PHOTO: LIONEL ROOKWOOD)

Barita Investments Limited has launched two unit trust portfolios -- Barita FX Growth and the Barita Real Estate Growth. Concurrently, president of Wealth Management at NCB Capital Markets (NCBCM), Kevin Ingram, has indicated that his company will also be adding a Real Estate Portfolio to its unit trust portfolio by September, following growth of $18 billion in less than two years. The move comes as investment companies continue to introduce new portfolios to buffer the phasing out of repurcha ... Read More

Govt and local companies seek expanded trade with Cuba

BY KARENA BENNETT Business reporter bennettik@jamaicaobserver.com | Friday, May 01, 2015    

From left President of JAMPRO Diane Edwards with Minister Anthony Hylton, President of the
Jamaica Chamber of Commerce Warren McDonald and Chairman of Jampro Milton Samuda.
(PHOTO: BRYAN CUMMINGS)

As the United States and Cuba mend diplomatic fences after some 55 years of isolation, a total of 18 local companies are now looking to cement ties with Jamaica's closest neighbour -- following the conclusion of a trade mission to the Spanish-speaking country last week. The mission, led by the Minister of Industry, Investment and Commerce Anthony Hylton, along with the Jamaica Promotions Corporation (JAMPRO), hopes to not only improve trade with Jamaican companies, but also between the Special ... Read More

JSE boss warns of serious financial wellness crisis

Friday, May 01, 2015    

Marlene Street Forrest

MANAGER of the Jamaica Stock Exchange (JSE) Marlene Street Forrest has warned of a financial wellness crisis developing, which could be as serious as the 2008 global financial meltdown. "We can see that there is a financial wellness crisis which is as serious as the global financial meltdown experienced in 2008; one that needs to be tackled with the same level of urgency as the financial meltdown itself," she told the Environmental Health Foundation (EHF) 11th Annual Wellness & Lifestyle Aw ... Read More

Ratings agency may be wrong on Anchor Finance — Hylton

Friday, May 01, 2015    

HYLTON... I and my team at
the ministry are in possession
of information that Dunn and
Bradstreet does not have.

MINISTER of Industry, Investment and Commerce Anthony Hylton says that he and his team know more about proposed logistics hub financer Anchor Finance, than American credit rating agency Dunn & Bradstreet. "I and my team at the ministry are in possession of information that Dunn & Bradstreet does not have ... that information will not pass other than within the framework of confidentiality," Hylton said on Wednesday. Hylton was seeking to play down concerns that he has been irresponsibl ... Read More

JPS set to appeal its rate in September

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Friday, May 01, 2015    

JPS head office on Knutsford Blvd in New Kingston

POWER utility provider Jamaica Public Service Company (JPS) expects to begin its rate-determination appeal in September. The OUR cut in half the profit target proposed by the JPS, according to details in the 478-page tariff determination. The tariff determination ultimately concluded that electricity rates would dip by an average 1.9 per cent for residential customers, 5.0 per cent for small commercial users and 1.1 per cent for large commercial users. "JPS has underscored that the utility is ... Read More

CEFCL share offer receives boost after Scotia Investments review

Friday, May 01, 2015    

CEFCL directors Leo Williams (right) and Damian Lyn.

THE IPO launched by Caribbean Energy Finance Company Limited (CEFCL) just over two weeks ago received a big confidence boost Wednesday evening when Scotia Investments concluded from its review that the offer price of $7.30 per share is fair. In fact, Scotia Investments suggested that CEFCL could have priced the share higher, by five cents. The review has pleased CEFCL directors Leo Williams and Damian Lyn, who took the energy start-up to the Junior Market of the Jamaica Stock Exchange with the ... Read More

Forex: J$115.74 to one US dollar

Friday, May 01, 2015 5:29 PM    

KINGSTON, Jamaica – The US dollar on Friday, May 1, ended trading at J$115.74, up nine cents according to the Bank of Jamaica daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$95.43, down from J$96.10, while the British pound sterling ended trading at J$176.23, down from J$178.10. Read More

BOJ to engage JCCUL on credit union regulations

Friday, May 01, 2015    

THE Bank of Jamaica (BOJ) is to engage members of the Jamaica Co-operative Credit Union League (JCCUL) and other stakeholders on proposals for the amendment and finalisation to the latest draft of the proposed credit union regulations. Minister with responsibility for the public service, Horace Dalley, said it is important to have the regulations in place as the country seeks to sustain macroeconomic stability, which requires the need for "solid, stable and sound financial institutions that are ... Read More



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