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 David Smalling, a fast-rising star on Wall Street http://www.jamaicaobserver.com/business/David-Smalling--a-fast-rising-star-on-Wall-Street_93582 “Considering the political climate, I think I should point out one thing that I think has been crucial to forming who I am, and I can relate this with my friends who went to Campion… In my year at Yale there were three of us ... Growing up the way I did I never really thought about race... it just never really came up because it didn't need to. Now, that could be my personality trait or naivete, but it was what it was, so going to college, the most formative parts of my growth were with a really clear mind, which I realise now was indispensable. Local Business Sun, 26 Mar 2017 02:00:00 GMT Change of thought over change of name process http://www.jamaicaobserver.com/business/Change-of-thought-over-change-of-name-process_93574 Dear Claudienne: Local Business Sun, 26 Mar 2017 02:00:00 GMT Wisynco’s new warehouse nears completion http://www.jamaicaobserver.com/business/Wisynco-s-new-warehouse-nears-completion_93118 Less than a year after Wisynco Group Limited suffered over $2 billion in losses from a fire at its Lakes Pen warehouse, the company is hoping to begin its relocation exercise by May. Local Business Sun, 26 Mar 2017 02:00:00 GMT Nadeen Matthews named Young Global Leader http://www.jamaicaobserver.com/business/Nadeen-Matthews-named-Young-Global-Leader_93474 Nadeen Local Business Sun, 26 Mar 2017 02:00:00 GMT UWI Mona making great strides with new PPPs http://www.jamaicaobserver.com/business/UWI-Mona-making-great-strides-with-new-PPPs_93410 A number of public private partnerships (PPPs) aimed at making The University of the West Indies’ (UWI) Mona campus more self-dependent highlighted this year’s annual report of the campus council. Local Business Sun, 26 Mar 2017 02:00:00 GMT Working towards NZEBs http://www.jamaicaobserver.com/business/Working-towards-NZEBs_93453 A workshop for drafting a national policy and plan for Net Zero Energy Building (NZEB) development and retrofitting existing buildings in Jamaica took place at the Pegasus Hotel in New Kingston on Thursday. Local Business Sun, 26 Mar 2017 02:00:00 GMT So what is your path to money? http://www.jamaicaobserver.com/business/So-what-is-your-path-to-money_93566 As we get older, we tend to get stuck in our ways and how we think about the world and, of course, how we think about money. So when you think about how your money is feeling, it may very well feel the same as it has always felt to you. Local Business Sun, 26 Mar 2017 02:00:00 GMT Greasing the wheels http://www.jamaicaobserver.com/business/Greasing-the-wheels_93546 Any macroeconomic overview worth their salt will always have a section on oil. In fact no news coverage would be complete without mentioning the price of oil on the international market. However, we as Jamaicans tend to want the price to go in only one direction and that is down! Why is that? Local Business Sun, 26 Mar 2017 02:00:00 GMT Venezuela’s latest shortage: gasoline http://www.jamaicaobserver.com/business/Venezuela-s-latest-shortage--gasoline_93552 CARACAS, Venezuela (AFP) — Battered by an economic crisis, Venezuelans are used to waiting in long lines for scarce goods, but many found themselves queuing Thursday for something the ailing oil giant was supposed to have in spades: gasoline. Local Business Sun, 26 Mar 2017 02:00:00 GMT Another reason to flip the off switch: light pollution http://www.jamaicaobserver.com/business/Another-reason-to-flip-the-off-switch--light-pollution_93549 PARIS, France (AFP) — For the 11th year running, cities worldwide turned their lights off yesterday to mark Earth Hour in a global call to action on climate change. Local Business Sun, 26 Mar 2017 02:00:00 GMT Caribbean leaders to discuss region’s economic situation at Miami confab http://www.jamaicaobserver.com/business/Caribbean-leaders-to-discuss-region-s-economic-situation-at-Miami-confab_93533 MIAMI, USA (CMC) – Two Caribbean Community (Caribbean) leaders are expected to participate in a World Bank conference examining the socio-economic situation in the Caribbean. Local News Sat, 25 Mar 2017 02:00:00 GMT Banking groups can buy up to 50 per cent of shares in each other ­— BOJ http://www.jamaicaobserver.com/business/Banking-groups-can-buy-up-to-50-per-cent-of-shares-in-each-other----BOJ_93471 Maurene Simms, Deputy Governor, Financial Institutions Supervisory Division at the Bank of Jamaica (BOJ), indicated this week that significant holdings by a group which holds deposit-taking licences in another is permissible within limits. Local Business Fri, 24 Mar 2017 02:00:00 GMT Naturally Almond milk to be produced by Mussons http://www.jamaicaobserver.com/business/Naturally-Almond-milk-to-be-produced-by-Mussons_93426 US–based manufacturing company JEC Aseptics has inked a deal with the Musson Group of Companies for the manufacture and distribution of almond milk locally. Local Business Fri, 24 Mar 2017 00:00:00 GMT When second place feels just like first http://www.jamaicaobserver.com/business/When-second-place-feels-just-like-first_93213 It might be a squeeze to get it in but, perhaps for the first time, Gordon ‘Butch’ Stewart’s trophy room, already bursting at the seams, will accommodate a second place win in Britain’s ultra prestigious The Travel Marketing Awards TTMAs) presented last week in London. Local Business Fri, 24 Mar 2017 02:00:00 GMT Beet sugar, Brexit threaten cane sugar http://www.jamaicaobserver.com/business/Beet-sugar--Brexit-threaten-cane-sugar_93416 A recent article by Bloomberg is predicting that European demand for cane sugar exports from the Caribbean, including Jamaica, could soon be on the decline as the continent reverts to beet sugar. Local Business Fri, 24 Mar 2017 02:00:00 GMT Develop our intellectual capacity for growth http://www.jamaicaobserver.com/business/Develop-our-intellectual-capacity-for-growth_93448 Last week I made the point that the most important asset that Jamaica has is its three million residents, and that it is the underutilisation of this asset that has caused us to attain average growth of a mere 0.8 per cent per annum for the past 40 years. The fact is that our three million residents are also our most neglected, abused, and underutilised asset. Local Business Fri, 24 Mar 2017 02:00:00 GMT The Caribbean is virgin territory for mobile money — Wehby http://www.jamaicaobserver.com/business/The-Caribbean-is-virgin-territory-for-mobile-money---Wehby_93427 With the Caribbean having low levels of penetration for mobile money products, GraceKennedy Money Services Ltd (GKMS) is still mulling over the next market it will choose to launch its digital currency product, GK MPay. Local Business Fri, 24 Mar 2017 02:00:00 GMT PHOTO: Shell and Sol http://www.jamaicaobserver.com/business/Shell-and-Sol_93434 Bindley Sangster from Ministry of Transport and Mining (2 right) greets Regional Marketing Manager of Shell Sergio Roldan (left) to the Shell Lubricants Fleet Forum on Tuesday at the Spainsh Court Hotel. Karoline Smith, marketing implementer Western Caribbean and Robert Jackson general manager of Sol Petroleum Jamaica look on. Local Business Fri, 24 Mar 2017 02:00:00 GMT Cubans still trying to reach US by sea despite rule change http://www.jamaicaobserver.com/business/Cubans-still-trying-to-reach-US-by-sea-despite-rule-change_93324 MIAMI, USA (AP) — Cubans are still making risky sea journeys to the US despite the end of a policy that allowed them to stay if they made it to American soil, officials said Monday. Local Business Fri, 24 Mar 2017 02:00:00 GMT IMF says Grenada records near four per cent economic growth http://www.jamaicaobserver.com/business/IMF-says-Grenada-records-near-four-per-cent-economic-growth_93335 ST GEORGE’S, Grenada (CMC) – Grenada’s performance during the last phase of the International Monetary Fund (IMF) Extended Credit Facility (ECF) supported home-grown programme has been strong with the island recording economic growth of just under four per cent last year, the IMF said Wednesday. Local Business Fri, 24 Mar 2017 00:00:00 GMT Price to head FLOW Jamaica; says building on agreed 2017 strategy a major focus http://www.jamaicaobserver.com/business/Price-to-head-FLOW-Jamaica--says-building-on-agreed-2017-strategy-a-major-focus_93327 Stephen Price, whose appointment as managing director of Flow Jamaica was announced by the company yesterday, said his immediate focus will be to build on the company’s current agreed 2017 strategy. Local News Thu, 23 Mar 2017 00:00:00 GMT MailPac parent company mulls listing on stock exchange http://www.jamaicaobserver.com/business/MailPac-parent-company-mulls-listing-on-stock-exchange KINGSTON, Jamaica — Khary Robinson, executive chairman of Norbrook Equity Partners (NEP), which recently raised $677.25 million via a preference share issue, says the company is considering listing in the medium term. Local Business Thu, 23 Mar 2017 11:58:53 GMT Itelbpo donates playground to Blossom Gardens http://www.jamaicaobserver.com/business/Itelbpo-donates-playground-to-Blossom-Gardens--------_93308 MONTEGO BAY, St James - A playground may seem like an ordinary, insignificant structure merely to occupy the time of children for a few hours. Observer West Thu, 23 Mar 2017 02:00:00 GMT Scotiabank confirms upcoming job losses http://www.jamaicaobserver.com/business/Scotiabank-confirms-upcoming-job-losses_93217 Scotiabank has confirmed reports that it will cut Jamaican staff as part of its restructuring exercise, but says it is unable to state the exact number at this time. Local Business Wed, 22 Mar 2017 00:00:00 GMT US dollar investment limits need review — securities dealers http://www.jamaicaobserver.com/business/US-dollar-investment-limits-need-review---securities-dealers_93175 The Jamaica Securities Dealers Association (JSDA) is calling for dialogue around the issue of permissible holdings of US dollar investments. Local Business Wed, 22 Mar 2017 00:00:00 GMT