THE Jamaica Observer‘s Mogul in the Making may not be a ‘cure all’ for the challenges faced by fledgling businesses in Jamaica.

But the exposure has helped this year’s 21 nominees, individuals who have already taken the first step in pursuing enterprise, to switch gears.

At a gala event in the Coutleigh Auditorium, New Kingston, on Wednesday to mark the end of this year’s programme, the nominees got to mix with prominent members of the business community and other Jamaica Observer readers.

And the message they were telling everyone who would listen was that the exposure they received from the programme far exceeded the reach of any marketing they could afford.

Food Xpress Catering’s Georgia Scarlett said the programme created “a launch pad for her company’s marketing thrust”.

Energy management company Solar Buzz Jamaica may have gotten a little more mileage than others

The inaugural Jamaica Observer Mogul in the Making start-up programme culminated with Glad Helpers, Jamaicansmusic.com and C & E Innovational Services walking away as the “Ones to Watch”.

The programme, which is aimed at highlighting young businesses that embody the spirit of entrepreneurship while making a positive economic impact, ended at the Courtleigh Auditorium late Wednesday evening.

Glad Helpers, a cleaning service that’s owned and operated by Angelic Barrett, was chosen as the Journalists’ Choice. Barrett, who said she started her business after being unable to get suitable help, received exceptional feedback from readers in addition to impressing all the journalists involved in the selection.

Jamaicansmusic.com, which provides songs ranging from ska to contemporary dancehall and also streams live artiste sessions, is the People’s Choice after getting more than 3,500 votes online. Alex Morrissey, its owner, was unable to attend the ceremony due to unavoidable travel off-island, but sent messages to his representative and manager, Jacquie Juceam, expressing his excitement and gratitude to the programme.

C & E Innovational Services, run by Erica Wynter, was selected as Judges’ Choice, for her “creative” and “relevant” mail delivery and small business assistance units. Wynter said she’s excited that her hard work and dedication have paid off and hopes others follow suit and pursue their dreams.

The event, which was attended by four hundred invited guests and others who wrote in for tickets, allowed the 21 nominees and audience members to pose questions to a panel of distinguished business leaders.

The panel included Tina Matalon, marketing director of Restaurants of Jamaica; Michele English, Flow’s president and CEO; Adam Stewart, deputy chairman & CEO of The Jamaica Observer; Patsy Latchman-Atterbury, Vice President of Scotiabank‘s Small & Medium Enterprises unit and Christopher Berry, chairman and CEO of Mayberry Investments.

Columbus Communications Jamaica Limited, through their brand, Columbus Business Solutions (CBS) and Scotiabank Jamaica, through Scotia Small Business, were the main sponsors of the event.

The three start-ups selected as “Ones to Watch” will receive complimentary one-year subscriptions to the Observer; a quarterly story in the paper and online about how their progress; mentoring, if needed, from the panel of experts; Quickbook 101 Financial Software from Scotiabank and a one-month package of digital landline and Business Class internet bundles from CBS.

Additionally, all nominees will get a year of discounted rates for print and web advertising contracts from The Observer, a workshop on “Technology for Small and Medium-sized Enterprises” from CBS and workshops on “Record Keeping and Customer Service” and “What bankers look for in an application” from Scotiabank;

The Mogul in the Making programme, which started in January, wants to fix the imbalance on the focus given to large enterprises and bring entrepreneurs from all over the island to celebrating their accomplishments and encourage others to be like them.

 

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MOTORISTS will have to fork out even more cash when they go to the pumps this week as gas prices have increased yet again.

The prices of 87 and 90 gasoline have risen by $1.10 and will be sold for $105.94 and $107.59 per litre respectively.

Propane Liquid Petroleum gas has increased by 44 cents and will be sold for $44.17 per litre.

However, the price of Automotive Diesel Oil has dropped by 73 cents and will now be sold for $105.76 per litre.

Kerosene and Butane Liquid Petroleum have also experienced price decreases of 73 cents and 41 cents respectively and will be sold for $108.69 and $60.14 per litre.

Retailers will add their own mark up

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A Texaco gas station - File.

Gasolene prices will go up by $1.10 this week.

Effective tomorrow, it will cost $105.94 to buy a litre of E-10 87 gasolene while E-10 90 gasolene will be sold for $107.59 per litre.

In the meantime, the prices of other products have been cut.

The price of automotive diesel oil will move down by $0.73 to sell for $105.76 per litre.

A litre of kerosene oil has been cut by $0.65 and will be sold for $108.69.

A litre of butane has been reduced by $0.41 and will sell for $60.14.

However, the price of propane cooking gas has gone up by $0.44 with a litre to be sold for $44.17.

Retailers will add their mark-ups to the announced prices.

 

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THE Government is to get a US$995,000 ($86.6 million) dividend payment from Jamaica Public Service Company (JPS) in two weeks.

The light and power company notified the Jamaica Stock Exchange (JSE) that its board approved a final ordinary dividend payment of US$5 million payable on April 16, 2012.

The Government, through the Accountant General

 

Rising gasolene prices have become a campaign issue in America, as speculation about tensions in the Middle East has exerted pressure on oil prices.

Contenders for the Republican Party nominee are promising to cut America’s dependence on foreign oil, exploiting the emotional response of United States (US) consumers to the threat of high fuel prices.

Meantime, Jamaican consumers are feeling the effects of the jump in gasolene prices and the fuel charge on electricity bills.

The possibility that high gasolene prices could become a threat to President Barack Obama’s re-election campaign is felt to have influenced what was rumoured to be a possible release of oil from the strategic petroleum reserve by the US and United Kingdom (UK). These rumours followed reports that in their recent meeting, President Obama and UK Prime Minister David Cameron had agreed to a release of oil in the summer. Putting additional oil on to the market would, presumably, halt or slow down the uptick in prices.

Since January, oil prices have jumped more than 15 per cent, and it is feared that further increases will choke

 

LIKE so many of us, I have deep concerns for the preservation of our environment. For how we can balance all the elements to ensure that our basic needs are met – food, shelter, clean drinking water, fresh air. I want it all. But what to do when it appears that the two ideals – protection of the land and advancement of the people, are at odds? Where do we go from there? It doesn’t help if both sides are intractable. “My way is the only way.” There are some things for which compromise is ruled out even before the dialogue begins. We know that there are hard choices to be made, but can we make them for mutual benefit?

An ugly little spat has sprung up between the government and leading environmentalists over the announced intention to permit the use of so-called “clean coal” in bauxite-processing operations. Environmentalists responded immediately and sharply to the announcement