Business

Investing in Jamaica - A Diaspora Perspective

I often receive emails from people living in the Diaspora who express their commitment to this country, and share their concerns for it. Recently, an overseas reader asked me to recommend some investment solutions that would be appropriate for Jamaicans living overseas. There are several local inve ... Read More

Danville Walker, managing director of the Jamaica Observer, welcomes the Moguls in the Making to the
luncheon while judge and sponsor Debra Lopez-Spence, vice-president, small and medium enterprises at
Scotiabank, looks on. Moguls in the Making meet for lunch
THE 12 Mogul in the Making nominees met judges and sponsors for lunch at the Jamaica Observer boardr ... Read More

The Mayberry building on
Oxford Road in Kingston. Mayberry optimistic bull market will continue
Listed brokerage firm Mayberry Investments Ltd expects bullish trading on the local stock market to ... Read More

A view of the port of Kingston. Shipping Association blasts Customs Act Amendment Bill
THE Shipping Association of Jamaica (SAJ), which lobbies to improve the competitiveness of the port ... Read More

Government to give BOJ responsibiity for financial security

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver | Wednesday, July 29, 2015    

THE Bank of Jamaica is to be given full responsibility for monitoring the country’s financial stability, under the new Bank of Jamaica Act tabled in the House of Representatives last Tuesday, by Finance and Planning Minister Dr Peter Phillips. According to the ministry, an important lesson to be learnt from the global financial crisis is that institutional responsibility for the stability of the Jamaican financial system, as a whole, needs to be clearly defined, codified and assigned. ... Read More

Supervisor of Insolvency already handling applications

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, July 29, 2015    

Minister of Justice Mark
Golding.

NINE applications have been submitted to the Office of the Supervisor of Insolvency since it became operational in January. According to Minister of Justice Senator Mark Golding, of the nine applications, two were received in February and March and the remaining seven between May and June. He said that the applications are being processed by the Office of the Supervisor of Insolvency. Senator Golding was answering questions from Opposition member of the Senate, Robert Montague, on Friday. Gold ... Read More

Sagicor X Fund goes for hotel in USA

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, July 29, 2015    

The $550-million Sagicor-owned Jewel
Lagoon Water Park, at Jewel Runaway
Bay in St Ann, opened last week.

SAGICOR Real Estate X Fund Limited (X Fund) announced plans to acquire its first property outside of Jamaica in line with its growth strategy. The company advised that it entered into an agreement to acquire a convention hotel in Orlando, Florida, which is affiliated with a "major" undisclosed hotel franchise. "The acquisition is slated for completion in September 2015," stated the release, adding that the acquisition is in keeping with its investment strategy to seek out real estate investmen ... Read More

Pay Per Click advertising — Google paid ads

by Melanie Phillibert | Wednesday, July 29, 2015    

ULAN BATOR, Mongolia — A
Google Street View member
walks with a specialised
camera to record the
surroundings of the Choijin
Lama Museum in the
Mongolian capital of Ulan
Bator last Thursday, during the
launch of the internet giant’s
Street View service in the
country. (PHOTO: AFP)

PAY per click (PPC), otherwise referred to as cost per click (CPC), is the paid Internet advertising model in which an ad -- if optimised properly -- should appear at the very top of page one in the Google search results or in the column to the right of the page. When a user clicks on this ad, the advertiser's website opens. The amount paid to Google is based on the number of clicks the ad receives. PPC marketing is pretty simple: Search engines like Google and Bing allow businesses and individ ... Read More

NCB commends lower profit performance in tight economy

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, July 29, 2015    

NCB in Half-Way-Tree in Kingston.

THE directors at National Commercial Bank of Jamaica (NCB) described the bank's reduced profit performance as commendable within the context of a tight economy. The banking conglomerate, often seen as the nation's most profitable bank, made $3.15 billion net profit after tax for its June third-quarter 2015 or 7.5 per cent less than a year earlier due to slightly higher expenses. "These nine-month results for the 2014/15 financial year reflect another commendable performance in a challenging en ... Read More

Itel-BPO Solutions enters MPO market

Wednesday, July 29, 2015    

EPSTEIN... Jamaica's ICT/BPO industry is maturing into a
higher-end service.

Itel-BPO Solutions, a regional provider of contact centre and back office solutions services, is expanding into Medical Process Outsourcing (MPO) with the aquisition of three US-based clients. "These new campaigns fit perfectly with Jamaica's intent to position itself as an ideal location for high-value services within the knowledge process outsourcing segment and we're proud to pioneer this industry here", said Yoni Epstein, CEO of itel-BPO Solutions. Itel-BPO Solutions, based in Montego Bay, ... Read More

500 units being built at Seville Meadows 3

Wednesday, July 29, 2015    

(From left) Maurice Gabay, managing director of MJC Master Builders greets Dr
Morais Guy, minister without portfolio in the Ministry of Transport, Housing and
Works, and Michael Willacy from Sagicor Bank. (PHOTO: GARFIELD ROBINSON)

AS water woes and security concerns affect much of the population, Seville Meadows -- currently under constuction in Spanish Town, St Catherine -- is to offer its homeowners its own comercial centre, water supply and police post. Dr Morias Guy, minister without portfolio in the Ministry of Transport, Housing and Works, conducted a tour of the Seville Meadows 3 construction site which has 500 one-and two-bedroom detached units under construction. The community Seville Meadows 3 is located on S ... Read More

JaMFA and JN Life sign insurance MOU

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Wednesday, July 29, 2015    

Oliver Tomlinson, General Manager for JN Life Insurance, signing the MOU. Looking on, seated
left to right, are: Hurshel Cyrus, Chairman of JaMFA and Earl Jarrett, General Manager Jamaica
National Building Society (JNBS). Standing left to right are: Delroy Josephs, JaMFA’s Director of
Projects; Raymond Gabbidon, JaMFA’s Executive Director and Damian Ffriend, JN Life Sales and
Service Manager.

THE Jamaica Micro Finance Association (JaMFA) and the JN Life Insurance Company (JN Life) signed a Memorandum of Understanding (MOU) on Thursday, which makes JN Life the sole providers of "creditor life insurance" for the clients of members of association. In return, JN Life has committed to supporting initiatives that JaMFA plans to undertake as part of the activities aimed at the development, growth and prosperity of the microfinance sector. The signing took place in the boardroom at the Jam ... Read More

My client does not know what he wants

Wednesday, July 29, 2015    

Ask clients direct question to help them paint a picture of what they want.

AGES ago I wrote an article about the fair price for a website, to which there was no hard conclusion. The fact is the price varies as widely as the ideas you have for your website. What you think is simple might be complex and expensive. At the same time what you think is complex could be really easy in this day and age and affordable too. The best bet is to get a few quotations to compare and become familiar with some of the questions you need to ask to satisfy yourself that you are getting ... Read More

Scotiabank launches Vision Achiever to grow 24 SMEs

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com | Wednesday, July 29, 2015    

LOPEZ SPENCE... successful
SMEs are critical building
blocks for economic
development.

Banking conglomerate Scotiabank will invest $20 million to provide training to 24 small businesses in a mostly private setting without the pressures of competition or a reality TV series. Participants, however, can post elements of the training on blogs. The bank is currently accepting participants for this 17-week course dubbed Vison Achiever. Business coach Marcia Woon Choy will lead the training which starts in September. "What we want to do is to help persons to grow," stated Woon Choy at ... Read More



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