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Zappos’ unique workplace culture a big draw for visitors to Downtown Vegas

BY ARLENE MARTIN-WILKINS Associate editor – news martina@jamaicaobserver.com Thursday, October 09, 2014     LAS VEGAS, Nevada – Online footwear retailer Zappos is doing more than selling shoes and clothes these days.A major arm of online retail giant Amazon, Zappos.com is opening its doors to visitors in Downtown Las Vegas to get a taste of its [...]

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Jamaica now has full ownership of rare earth plant

Jamaica now has full ownership of  the Rare Earth Element Plant, following Thursday’s formal handing over of the facility to the Jamaica Bauxite Institute (JBI) by Nippon Light Metal Holding Company.Over the next two years, the JBI will continue to receive technical expertise in bauxite red mud mineral extraction from Nippon Light. This will be [...]

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World food prices continue to decline

World food prices fell for a sixth month in September, the longest slide since 2009, as the cost of  dairy, grains, cooking oils and sugar declined amid prospects for rising production.  The United Nation’s Rome-based Food & Agriculture Organization said its index used to measure movements in the price of  55 food items dipped 2.6% [...]

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Red Stripe to hire more

Red Stripe has announced that it will be hiring more employees through its joint venture distribution company, Celebrations Brand.       Red Stripe set up the company with Pepsi Jamaica last year.       Cedric Blair, Managing Director of Red Stripe, disclosed on Thursday that, since the company’s inception, it has created 200 more jobs [...]

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Phillips wants G20 to deliver on financing promise

Dr. Peter Phillips, Jamaica’s Finance and Planning Minister, is urging the G20 nations to carry out their promise to assist the Caribbean to mitigate the effects of the financial recession of 2008.       Dr. Phillips, speaking at a Caribbean breakfast and caucus meeting in Washington D.C on Thursday, expressed concern that the group of [...]

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TUI Travel pins hopes on Jamaica, Mexico

International Travel Group, TUI Travel, says increased demand for long haul flights to Jamaica and Mexico will help it to realize its profit forecast this year.  The company had projected earnings to grow in the region of  7-10%. It said recent developments mean its earnings will reach the upper end of  the forecast.       [...]

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NIR makes major jump

The Net International Reserves, NIR, have jumped to a 39 month high.  The NIR which is the money set aside for the proverbial rainy day, rose by US$79 million last month. With the increase, the Bank of  Jamaica says the NIR is now at more than US$2.2 billion.That’s the highest it has been since June [...]

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Clampdown on illegal gambling, money laundering

The Betting Gaming and Lotteries Commission and the police have joined forces in a clampdown on illegal gambling.A Memorandum of  Understanding is to be signed by the Commission and the Organised Crime Investigation Division (OCID) on Tuesday morning.     The two parties will collaborate in tackling illegal activities in the gaming industry. Attention will also [...]

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Growth in business confidence continues

Businesses continue to show confidence in the Jamaican economy.According to the third quarter business and consumer confidence indices released on Wednesday, firms viewed prospects for the economy more favourably than any time since the start of  2012.The results suggest that businesses believe that the Government’s economic policies are having a favourable impact. More firms are [...]

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Reopening of Jamaica Grande said to be on schedule

Jose Chapur, President of  Palace Resorts, has sought to assure Tourism Minister Dr Wykeham McNeil that the renovation and expansion of  the former Sunset Jamaica Grande in Ocho Rios are on target.  Mexico based Palace Resorts acquired the property in July. It is carrying out a US$40 million renovation and will the property is scheduled to [...]

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