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FOREX: J$115.10 to one US dollar

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Wednesday, March 25, 2015 | 5:26 PM     KINGSTON, Jamaica – The US dollar on Wednesday, March 25, ended trading at J$115.10, down three cents according to the Bank of Jamaica’s daily foreign exchange trading summary.Meanwhile, the Canadian dollar ended training at J$92.07 up from J$91.89, while the British pound sterling ended trading at J$170.58 […]

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Protecting Your Investments

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With Cherryl Hanson-SimpsonThursday, March 26, 2015     When you invest, you hope that your money will generate an income for you or that it will grow in value and allow you to realise a profit in the future. However, there is a possibility that your desired investing outcome may not materialise; you could instead receive […]

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Campbell replaces Hayden-Cater at First Global

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com Sunday, March 22, 2015     Courtney Campbell, chief executive officer of GraceKennedy Financial Group, will take on the lead role at First Global Bank as CEO next month. He takes over from Maureen Hayden-Cater, who has resigned from her role as president in the midst of a restructuring exercise […]

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NCB seeks to resolve New York widow’s complaint

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With Claudienne EdwardsSunday, March 22, 2015     Dear ClaudienneI live in New York. My husband died one week before his 82nd birthday which would have been June 24, 2014. He was suffering from cancer when he died. He had accounts at the Spanish Town branch of National Commercial Bank (NCB) and prior to his death, […]

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NCU team tops business model competition

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Tuesday, March 24, 2015 | 6:56 PM     KINGSTON, Jamaica — Northern Caribbean University (NCU) has again claimed the prize for the National Business Model Competition after one of its teams, JarGro, was today crowned the winner.JarGro is a smart appliance created to support the production of foods which uses natural LED plant light, built-in […]

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New partnerships extend Microsoft’s reach into Android

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WASHINGTON, USA (AFP) — Microsoft on Monday unveiled partnerships with Samsung and other manufacturers to install its services ,including Word and Skype, on devices powered by the rival Google Android system.The move is part of a push by Microsoft, which has been lagging in efforts to get Windows-powered devices in the marketplace, to deliver services […]

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Jamaica is a “sweet spot” for doing business — IDB Representative

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JAMAICA’S macro-economic situation is conducive to growth with stabilisation being successfully implemented by the Extended Fund Facility (EFF) and other multilaterals, government moving fast on the growth agenda and the private sector poised for growth.All these combined, says Inter-American Development Bank (IDB) country representative, Therese Turner-Jones, “make Jamaica a sweet spot for doing business”.She made […]

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In crisis-hit Venezuela, even opponents miss Chavez

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CARACAS, Venezuela (AFP) — Since Hugo Chavez died two years ago, Venezuela’s economy has tanked and the government has lurched toward more repressive tactics, triggering nostalgia among the late leftist firebrand’s supporters and even his opponents.Chavez’s hand-picked successor, President Nicolas Maduro, has largely followed his mentor’s script for “21st-century socialism,” right down to the hours-long […]

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Abertis now actively seeking to sell MBJ

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BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Wednesday, March 25, 2015     ABERTIS, the Spanish-based majority partner that manages the Sangster International Airport (SIA) in Montego Bay, indicated on Tuesday that it is now ‘actively’ searching for a buyer.The statement puts more urgency on the sale of the assets which was initially announced last year.“Lastly, regarding […]

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Can President Obama help Ja achieve salvation?

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BY KEITH COLLISTER Friday, March 20, 2015     IN my March 11th Jamaica Observer article, “How to think about growth in Jamaica”, I said, “We should not despair, as it is simply not true that Jamaica can’t grow. Jamaica is actually relatively blessed in terms of its endowments, at least compared with many other Caribbean […]

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