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Study surprise

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GENEVA, Switzerland (AFP) — Dramatically expanding broadband access would boost the global economy and could do more good than investing in HIV prevention or clean drinking water, according to a study published Thursday.Economists commissioned by think tank Copenhagen Consensus Centre calculated that tripling access to mobile broadband networks in developing countries by 2030 would boost […]

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Zacca lauded for contribution to nation building

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The Government has commended outgoing Private Sector Organisation of Jamaica (PSOJ) President Chris Zacca for his invaluable contribution to nation building, particularly the country’s economic reform programme (ERP).“Perhaps the most significant element of (Chris’) contribution, from my vantage point, has been (his) role in helping to consolidate the social partnership, and not only emphasising the […]

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Scotia moves to further reduce credit/debit card fraud

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BY KARENA BENNETT Business reporter bennettk@jamaicaobserver,com SCOTIABANK Jamaica will be implementing a security system to further minimise credit and debit card fraud within another 12 months. Wednesday, December 17, 2014     SCOTIABANK Jamaica will be implementing a security system to further minimise credit and debit card fraud within another 12 months.The CHIP/EMV card processing system […]

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Scotia named Bank of the Year, Best Foreign Exchange Trader in Jamaica

SCOTIABANK was last month named Bank of the Year and Best Foreign Exchange Trader in Jamaica by The Banker, a Financial Week publication, and Global Finance magazine, respectively.Scotia, in a news release on Friday, said that this was the second consecutive year that it has received the Bank of the Year award, and the seventh […]

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InterCaribbean Airways makes next move to cross-link Caribbean

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InterCaribbean Airways was yesterday scheduled to start offering flights originating from Kingston to Port-au-Prince, Haiti as part of its move to cross-link the Caribbean.It’s the latest company to announce plans to fill vacant slots from inoperative airlines.The carrier, in a news release Friday, said it was set to begin scheduled services yesterday between Norman Manley […]

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PSOJ to continue work with Gov’t despite Outameni scandal

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BY STEVEN JACKSON Observer staff reporter jacksons@jamaicaobserver.com Friday, December 12, 2014     THE Private Sector Organisation of Jamaica (PSOJ) announced that it will continue to work with Government despite its heated opposition to the purchase of the Outameni tourist attraction.At the same time, outgoing PSOJ President Christopher Zacca announced his endorsement of William Mahfood, chairman […]

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JamFA defends microfinanciers

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BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com Friday, December 12, 2014     Jamaica Micro Financing Association (JamFA) Chairman Hurshel Cyrus says that the delay in introducing legislation to regulate the sector is handicapping its efforts to establish its value to Jamaica’s growth and development.“We are in a fast evolving sector, and there is need for […]

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Gaming industry must be regulated

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MINISTER of Finance and Planning Dr Peter Phillips has emphasised that the gaming industry, which provides thousands of jobs and revenues for the Government, must operate under regulations.The minister, who was addressing the official opening of the new headquarters for the Betting, Gaming and Lotteries Commission (BGLC) and the Jamaica Racing Commission (JRC), on Hagley […]

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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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