Business News Jamaica: Get the Latest Business News form Jamaica as it happen. check out our website for continually updated from news sources on the web

C2W makes hits and US$750 in profits

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Sunday, April 05, 2015     LISTED company C2W Music made hits with singers Etana and Maxi Priest but its annual profit totalled less than US$750 for its December year end.The company indicated that it’s in talks with publishing the songs of certain soca artistes aligned with Soca Bookings.“[W]e have […]

read more

Appeal Court rules on long-running Paymaster vs GKRS case

Post Image

BY PAUL HENRY Co-ordinator — Crime/Court Desk henryp@jmaicaobserver.com Monday, March 30, 2015     THE Court of Appeal has found that GraceKennedy Remittance Services (GKRS) Limited used the business plans of Paymaster Jamaica Limited to gain “unfair advantage” over the Audrey Marks-led company in the multi-bill payment market.“There can be little doubt that the business plan […]

read more

SBAJ wants more lending options

Post Image

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Sunday, March 29, 2015     Small Business Association of Jamaica (SBAJ) president Hugh Johnson called on banks to offer more innovative lending options to small businesses.The call was made at a SBAJ social attended by large lender, Scotiabank.“I’m using this medium to entreat our banking sector, without compromising your […]

read more

Howard Mollison now GM for Petrojam

Post Image

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com Sunday, March 29, 2015     Howard Mollison, chairman of the Jamaica Mortgage Bank (JMB), is now general manager for Petrojam under a two-year contract.Mollison has been chairman of JMB since March 2012, according to his LinkedIn profile. He worked at Cable and Wireless (LIME) for a total of 13 […]

read more

NIF will remain viable, says minister

Post Image

MINISTER of Finance and Planning Peter Phillips says the National Insurance Fund (NIF) will remain viable, despite concerns being raised about its sustainability.The minister was closing the 2015/16 budget debate in the House of Representatives on Wednesday.Dr Phillips told the Lower House that an actuarial review had already been undertaken to assess the sustainability of […]

read more

Tech entrepreneurs head for training in Jordan

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com Sunday, March 29, 2015     Three local start-up technology companies have been selected to benefit from a US$90,000 ($10.3 million)-investment and a trip to Jordan-based accelerator company Oasis500.Last year, Oasis500 inked a deal with the Government and the World Bank to invest up to US$30,000 in the tech entrepreneurs […]

read more

Phillips says Opposition ‘making a mockery’ of IMF test passes

Post Image

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com Friday, March 27, 2015     MINISTER of Finance and Planning Dr Peter Phillips has accused the Opposition of “belittling and making a mockery” of the passing of the economic tests set by the International Monetary Fund (IMF).Dr Phillips, closing the budget debate in the House on Wednesday, said […]

read more

How to apply Lee Kuan Yew’s ‘hard truths’ to Jamaica

BY KEITH COLLISTER Friday, March 27, 2015     You know a society is maturing when even schoolchildren are able to differentiate between politics and reality, or more bluntly, “hard truths”.In a global village, Jamaica’s lack of progress is now apparent even to our youngest citizens.The Riverton fire may yet turn out to be a seminal […]

read more

The MBA Forum Principles of Management Part 4

“The conventional definition of management is getting work done through people, but real management is developing people through work.” – Agha Hasan AbediIt seems we cannot stop reviewing the Principles of Management, and we are now at the fourth installment. I cannot overemphasise the important role that managers play.When I was much younger, I used […]

read more

Jamaican animators shouldn’t migrate

BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Friday, March 27, 2015     STATE Minister of Technology Julian Robinson wants animators to set up studios rather than contribute to the brain drain.“We want to encourage people like you with the creativity and the talent to stay here. Because we cannot build a society if everyone migrates,” he […]

read more