Can’t find a room at Rio Olympics? Try the luxury sex suite
Jamaica Observer

RIO DE JANEIRO, Brazil (AFP) — Can’t get a room at the Rio Olympics? Worry not, the Villa Reggia has beds -- oh, and sex chairs and an S&M cage. Local Business Wed, 27 Jul 2016 00:00:00 GMT World needs...

Nigeria hikes rates to lift naira, fight inflation
Jamaica Observer

ABUJA, Nigeria (AFP) — The Central Bank of Nigeria (CBN) on Tuesday raised its benchmark interest rate to 14 per cent from 12 per cent in move to stabilise the country’s currency, the naira, and tame soaring...

Nigeria flags off new standard gauge train service
Jamaica Observer

ABUJA, Nigeria (AFP) — Nigerian President Muhammadu Buhari yesterday flagged off commercial train services on the country’s first-ever standard gauge rail track linking the capital Abuja with the northern city...

Britain’s RBS could charge business clients for deposits
Jamaica Observer

LONDON, United Kingdom (AFP) — British bank RBS has warned businesses they might be charged for depositing money if interest rates are lowered, a week before the Bank of England (BoE) meets to decide whether to ease...

Bank hacks raise fears for financial sector
Jamaica Observer

WASHINGTON, United States (AFP) — A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of US dollars, has heightened fears for an industry becoming an increasingly...

Latin America facing 0.8% recession in 2016 — UN panel
Jamaica Observer

SANTIAGO, Chile (AFP) — Latin America is facing a larger-than-expected economic contraction of 0.8 per cent this year, dragged down by sputtering heavyweights Brazil, Argentina and Venezuela, a UN panel said...

Donuts in flight in first US-approved drone delivery
Jamaica Observer

WASHINGTON, United States (AFP) — With a chicken sandwich, hot coffee and donuts, aviation history was made Friday. Local Business Wed, 27 Jul 2016 00:00:00 GMT Latin America facing 0.8% recession in 2016 — UN...

End of the road or new beginning for Yahoo?
Jamaica Observer

WASHINGTON, United States (AFP) — It appears at first glance to be an ignominious fate for Yahoo, the internet pioneer which has long been one of the best-known names in Silicon Valley. Local Business Wed, 27 Jul...

HEART Trust provides more MSME support
Jamaica Observer

On Thursday last the HEART Trust/National Training Association (NTA) joined the list of state agencies and private sector investors to provide assistance to the micro, small and medium-sized sector when it launched the...

Making a successful investment plan
Jamaica Observer

Many of us haven’t thought much about what matters most. Some of us save money monthly, but what about our long-term personal financial goals? Local Business Wed, 27 Jul 2016 00:00:00 GMT HEART Trust provides more...

Characteristics of the modern sales force
Jamaica Observer

A POWERFUL DRIVER OF REVENUES Local Business Wed, 27 Jul 2016 00:00:00 GMT Making a successful investment plan http://www.jamaicaobserver.com/business/Making-a-successful-investment-plan_68371 Many of us haven’t...

West Indies Petroleum raises $750 million via preference share offer
Jamaica Observer

JMMB Group disclosed on Thursday, July 21, that its capital market unit had successfully placed a $750-million preference share offer on behalf of bunker fuel supplier, West Indies Petroleum (WIP) Limited, late last...

Great potential for Caribbean growth — CIBC CEO
Jamaica Observer

CIBC FirstCaribbean International Bank hosted a customer appreciation reception to welcome new CEO Gary Brown to Jamaica last week at the Terra Nova Hotel. Local Business Wed, 27 Jul 2016 00:00:00 GMT West Indies...

JaMFA credits Shaw for tremendous growth in microfinance sector
Jamaica Observer

Outgoing president of the Jamaica Micro Financing Association (JaMFA), Hurshell Cyrus, has credited Minister of Finance and Public Service Audley Shaw with the success of the microfinance sector in Jamaica. Local Business...

Court approves bidding process for Noranda’s upstream business
Jamaica Observer

Noranda Aluminum Holding Corporation (NAHC) has received a court order approving and establishing the bidding procedure for sale of its upstream business, paving the way for auction of the company’s remaining...

KLE goes lean, reaping a second quarter of profits
Jamaica Observer

Kingston Live Entertainment (KLE) Limited, which earlier this year sold non-core assets, is now benefiting from its leaner infrastructure and its implementation of a new restaurant system, directors say. Local Business...

Bessa soon to break ground
Jamaica Observer

Kingston Live Entertainment (KLE) group said this week that groundbreaking is imminent for Bessa, a resort project which has been in gestation since 2013. Local Business Wed, 27 Jul 2016 00:00:00 GMT KLE goes lean,...

Hangover from restructuring tempers Caribbean Cement results
Jamaica Observer

Caribbean Cement Company Ltd (CCC) posted net profit of $220.56 million for the second quarter ended June 2016, compared to $621.34 million realised in the similar period for 2015. Local Business Wed, 27 Jul 2016 00:00:00...

Public sector reform does not have to mean job losses
Jamaica Observer

Public sector reform doesn’t have to result in significant job losses, according to Dr Constant Lonkeng Ngouana, the new resident representative of the International Monetary Fund (IMF) in Jamaica. Local Business...

Quality Works finds sweet spot in software testing
Jamaica Observer

QualityWorks Consulting Group LLC, a software test consultancy firm based in Los Angeles, which expanded operations to Kingston, Jamaica, in 2015 from its home base in Los Angeles, has added clients in the United States,...

Copy Cat head says declining dollar is a problem for small businesses
Jamaica Observer

Jonathan Watt, Managing Director of Copy Cat Ltd – printing and digital services provider in Kingston, says companies like his would grow faster and employ more in a more stable economic climate. Local Business Wed,...

Record favourable prospects for the economy — JCB survey
Jamaica Observer

Optimism in the Jamaican economy remains at record highs for both businesses and consumers, with the Jamaica Conference Board’s Business & Consumer Confidence Indices for the second quarter of 2016 reporting...

Rights group says more than 1,300 killed in Haiti
Jamaica Observer

PORT-AU-PRINCE, Haiti (CMC) — The National Defense Network Human Rights (RNDDH) says more than 1,300 people were killed during an 18-month period in the French-speaking Caribbean Community country. Local News Wed, 27...

Antigua goes after US to recover money owed under WTO ruling
Jamaica Observer

ST JOHN’S, Antigua (CMC) — The Antigua and Barbuda government says it has dismissed a proposal by the United States to end their long-running dispute over internet gaming and claims that Washington now owes the...

Road deaths top 220
Jamaica Observer

A total of 222 people have died in road crashes up to Monday, the Road Safety Unit in the Ministry of Transport has said. Local News Wed, 27 Jul 2016 00:00:00 GMT Antigua goes after US to recover money owed under WTO...

Holness says compulsory education remains a priority
Jamaica Observer

PRIME Minister Andrew Holness has reiterated the Government’s objective to make education compulsory for children three to 18. Local News Wed, 27 Jul 2016 02:00:00 GMT Road deaths top 220...

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