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Jamaican firms team up to form Recycle Now Jamaica

BY SHAMILLE SCOTT Friday, February 14, 2014     SEVEN local private companies have teamed up to pump $23.75 million, over three years, into a new national recycling initiative, Recycle Now Jamaica — a public/private partnership with the Government.The Government will invest $50 million each year from cash taken from collection from the environmental levy, making [...]

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Spence triples creative sector spend for Ja then heads to Australia

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BY STEVEN JACKSON Friday, February 14, 2014     FORMER JAMPRO film commissioner Kim Marie Spence has secured a prestigious doctoral research position in Australia which involves some undisclosed research on Jamaica.She resigned from JAMPRO — the Government’s marketing agency — after tripling expenditure to the creative sector to just over $1 billion. She also reflected [...]

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Omnibus, other reforms to bring in $4b more taxes in new fiscal year

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BY CAMILO THAME Business Co-ordinator thamec@jamaicaobserver.com Friday, February 14, 2014     THE Government plans to implement further tax reform — including the removal of most exemptions and all zero rated items for GCT — in the upcoming fiscal year, which begins April 1.But an Inter-American Development Bank (IDB) study shows that the new omnibus legislation [...]

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Central bank in talks with lenders over tighter credit

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WITH credit to the private sector moving slower than programmed, the Bank of Jamaica (BOJ) is in discussions with the banking sector to develop solutions to increase the volume of lending.The slowdown in lending was cause for concern for the Economic Programme Oversight Committee (EPOC), which monitors Jamaica’s Extended Fund Facility (EFF) under the International [...]

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Samsung MoBay opens today

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BY HORACE HINES Observer staff reporter Wednesday, February 12, 2014     MONTEGO BAY, St James — SAMSUNG Electronics is reinforcing its presence in Jamaica with the opening of a second Experience Store, this time at the Sagicor Montego Bay Shopping Centre in St James today.This follows the success of the flagship location opened in Kingston [...]

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Animation outsourcing to attract millions and jobs for Jamaicans

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BY STEVEN JACKSONFriday, February 14, 2014     ANIMATION experts will use the outsourcing model to attract US$ millions and create jobs for Jamaicans.Its a model practised by the local-based call centres which attract Fortune 500 outsourcing contracts and employ thousands. The difference is that animation outsourcing earns more at some US$68 billion compared with US$43 [...]

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WIHCON scores with Lady Musgrave commercial venture

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BY JULIAN RICHARDSON Assistant Business Co-ordinator richardsonj@jamaicaobserver.com Wednesday, February 05, 2014     WEST Indies Home Contractors Limited (WIHCON) has reported a successful take-up of its near-completed high-end commercial development on Lady Musgrave Road in St Andrew, with all but three of the 21 units on offer already subscribed for.WIHCON began construction of Musgrave Professional Suites, [...]

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Bartlett discusses trade with Dookeran in Port-of-Spain

BY BALFORD HENRY Snr Staff ReporterFriday, February 14, 2014     NEWLY appointed Opposition spokesman on Foreign Affairs and Foreign Trade, Edmund Bartlett, says that meeting Trinidad and Tobago’s Foreign Affairs Minister, Winston Dookeran, last week, has convinced him that the bilateral trade issues can be resolved through dialogue.“He is a very learned man, articulate in [...]

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Loss-makers topped stock gains in January

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STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com Wednesday, February 05, 2014     LOSS-MAKING companies including C2W Music and LIME Jamaica were the top price gainers on the Jamaica Stock Exchange (JSE) in January.The stock prices increased by over 106 and 56 per cent, respectively. During the period eight other active stocks made double-digit returns on the JSE [...]

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‘Super Bowl gaining traction locally’

BY SHAMILLE SCOTT Business reporter scotts@jamaicaobserver.com Wednesday, February 05, 2014     IT’S not football as Jamaicans know it, but the Super Bowl of ‘American football’ is becoming an increasing attraction locally.Patrons went out in droves at various sports bars and lounges last Sunday night to view the annual championship game of the National Football League [...]

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