Scotia sets SME loan at 9.5 interest

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BY TERRON DEWAR Business reporter dewart@jamaicaobserver.com Friday, October 10, 2014     SCOTIABANK has revealed an interest rate of 9.5 per cent per annum for its new $500-million small and medium enterprises (SMEs) loan fund.The fund, which was opened last month, will enable borrowers to access up to $15 million secured, and $2 million unsecured, with […]

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Quality of life confidence up, survey shows

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JAMAICANS are expressing increased satisfaction with their lives, despite job prospects nearing record lows, according to the Confidence Index released Wednesday.Overall, consumer and business confidence for the third quarter 2014 dipped slightly to 97.8 and 112.1 points from 100.8 and 112.8 points respectively three months earlier. Confidence, however, remains much higher than 12 months earlier […]

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Latin America and Caribbean exports stagnate for 3rd straight year

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SANTIAGO, Chile — Latin America and the Caribbean’s foreign trade will experience its third year of stagnation in 2014, due to minimal growth in the region’s exports and a slight decline in its imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported yesterday.According to the United Nations organisation, the value of the […]

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Western Ja happy with TSO

BY MARK CUMMINGS AND HORACE HINES Observer West reporters Friday, October 10, 2014     MONTEGO BAY, St James — Retailers and shoppers in the parishes of St James and Westmoreland hailed last Thursday’s staging of the Jamaica Observer Takes Style Out (TSO), saying they have benefited greatly from the five-hour shopping discounts.“It was excellent. Sales […]

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Refurbished Liguanea Post Office Internet café reopened

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RESIDENTS of Liguanea and its environs, in St Andrew, now have improved Internet access at the Liguanea Post Office, where the service and other related activities have been upgraded at a cost of over $200,000 by the LIME Foundation.The upgrading entailed the provision of additional computers and software, and network accessories; a printer; and furniture; […]

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Matalon urges customs duty reform at Caricom level

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BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Sunday, October 12, 2014     DISHONEST importers continue to mis-classify a raft of items including “synthetic hair” in order to benefit from cheaper duty, stated Joseph M Matalon on Thursday night.As such, he wants Government to review tariffs that hike duty on primary products but slash tax on finished […]

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The Q is the Key… to a new house

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BY TERRON DEWAR Business reporter dewart@jamaicaobserver.com Sunday, October 12, 2014     It’s the ultimate Christmas gift, and it — a brand new two-bedroom house — can be yours with the purchase of a “Q” of Wray and Nephew White Overproof Rum.The “Q” is actually a 200ml-sized bottle of the world famous liquor, consumed mostly by […]

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Jamaica’s prospects shine brighter, says JP Morgan

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BY KEITH COLLISTER Friday, October 10, 2014     IN its October Emerging Markets Outlook and Strategy dated last Friday, on the eve of the International Monetary Fund’s (IMF’s) annual global summit in Washington, leading US investment bank JP Morgan stated that Jamaica‘s “Prospects shine brighter”.The bank’s reasons include the lifting of Jamaica‘s outlook to positive […]

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PHOTO: Champions!

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Cedric Blair (left), managing director of Red Stripe, and his team are jubilant as they accept the Jamaica Manufacturers’ Association (JMA) Manufacturer of the Year trophy from Governor General Sir Patrick Allen (right) at the JMA’s 46th Annual Awards Banquet at the Jamaica Pegasus Hotel in New Kingston Thursday Night. Further coverage on Pages 4, […]

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BPO employees hail sector

BY HORACE HINES Observer West reporter Friday, October 10, 2014     MONTEGO BAY, St James — Yoni Epstein, chairman of the Business Processing Industry Association of Jamaica (BPIAJ) has dispelled the notion that customer service agent positions in the BPO sector are dead-end jobs.He stoutly defended the sector, which employs over 10,000 persons at call […]

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