Business

PM charges local authorities to expedite granting of building permits

MONTEGO BAY, St James – Bemoaning the unacceptable rankings of the granting of building permits by the World Bank's Ease of Doing Business Report, Prime Minister Andrew Holness has mandated municipal corporations to prioritise the issue in their discussions at the inaugural Local... Read More

Port Authority hails success of Port Community System
The Port Authority of Jamaica (PAJ) has continued its thrust to automate operations with the roll-out of the Import Phase of the Port Community System (PCS) for the Kingston maritime port Community.... Read More

Jamaica gets a little more innovative
Jamaica improved three places in the Global Innovative Index (GII) 2018: Energizing the Worldwith Innovation to be ranked 81st out of 126 countries. ... Read More

AMG flushes away $34 million with toilet paper disposal
AMG Packaging and Paper Ltd booked losses of $34.3 million from the disposal of its toilet paper business for its third quarter ended May 31. ... Read More

Ganja enterprises on a high

Wednesday, July, 18 2018    

Epican — Kingston's first legal ganja dispensary — launched to the public on Saturday from its address at Market Place, at the old Fiction nightclub location. Read More

Canadian cannabis company prepares for Jamaican expansion

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 18 2018    

Canada-based medical cannabis company Aphria Inc is preparing to expand its business to Jamaica and several countries in Latin American and Caribbean, through a strategic deal with Scythian Biosciences Corp, a pre-clinical research and development... Read More

Lasco Finanical profits up 50%

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, July, 18 2018    

Lasco Financial Services Ltd (LFSL) has attributed the acquisition of new subsidiary CrediScotia for an increase of 50 per cent or $33.7 million in net profit for its first quarter ended June 30. Read More

Commission-only or base salary – which system gets companies better bang for buck?

BY DENNISE WILLIAMS Observer writer | Wednesday, July, 18 2018    

Many companies have taken the position to offer commissions only, and no base salary, for salespeople. The idea is that salespeople must go out and hunt and companies can then determine who is the best fit, without the additional cost of salaries and benefits. Read More

Returners may be the answer for talent shortages

Wednesday, July, 18 2018    

“Help wanted...apply within!” is a common advertisement seen in print and online media, but often you see qualified people who have been turned down for finance and accounting positions because they are considered too old or they have gaps in their résumés because they took a... Read More

Grandma's jerk recipe a hot favourite in US

BY HOWARD CAMPBELL Observer senior reporter | Wednesday, July, 18 2018    

This week Beverley Johnson will pack her culinary equipment and cache of jerk sauces for another appearance at the Grace Jamaican Jerk Festival in Queens, New York. The owner of Bev's Jerk Center in Decatur, Georgia, she is a self-described walking restaurant. Read More

Venezuela facing 'economic collapse', IMF warns

Wednesday, July, 18 2018    

WASHINGTON, United States (AFP) – Venezuela is in a state of “economic collapse” with hyperinflation not seen since the middle of the last century, the International Monetary Fund said Monday. Read More

First space tourist flights could come in 2019

Wednesday, July, 18 2018    

WASHINGTON, United States (AFP) ­­–– The two companies leading the pack in the pursuit of space tourism say they are just months away from their first out-of-this-world passenger flights -- though neither has set a firm date. Read More

Millions in UK face water restrictions amid hot, dry weather

Wednesday, July, 18 2018    

LONDON, United Kingdom (AP) — Millions of people in northern England are facing a ban on using garden hoses or sprinklers amid one of the longest spells of hot, dry weather in years. Read More

IMF warns of rising risks to global growth amid trade tensions

Wednesday, July, 18 2018    

WASHINGTON, United States (AFP) — The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlook, the International Monetary Fund (IMF) said Monday. Read More

Amazon pokes fun at glitches, says tech gadgets popular

Wednesday, July, 18 2018    

NEW YORK (AP) — Amazon poked fun at the early glitches it saw with Prime Day, though it said shoppers still found plenty to buy. Analysts, meanwhile, saw other things Amazon could have done better, like discounting more fashion brands and taking more advantage of its acquisition of... Read More



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