Business

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

As Amazon slashes prices, Bezos sees jump in wealth

Wednesday, July, 18 2018    

WASHINGTON, United States (AFP) – As Amazon marked its “Prime Day” with price cuts across a range of products, founder and chief executive saw his net worth hit new peaks, increasing his lead over fellow billionaires. Read More

Walmart, Microsoft team up to take on Amazon

Wednesday, July, 18 2018    

WASHINGTON, United States (AFP) – Walmart said yesterday it was entering into a strategic partnership with Microsoft on “digital transformation” for the one-time retail industry leader. Read More

Latin America's largest solar park turns Mexican desert green

Wednesday, July, 18 2018    

VIESCA, Mexico (AFP) — Driving through the endless dunes and cacti of the Chihuahuan desert in northern Mexico, a shimmering blue field suddenly appears on the horizon — not a mirage, but the largest solar park in Latin America. Read More

Cyprus sets new record in tourist arrivals

Wednesday, July, 18 2018    

NICOSIA, Cyprus (AFP) – More than 1.6 million tourists visited Cyprus in the six months to June, the largest number ever for the first half of the year, the island's statistics office said Tuesday. Read More

In Mozambique, classes come alive in local languages

Wednesday, July, 18 2018    

MANHIçA, Mozambique (AFP) – About 50 children sit on a bare classroom floor in front of their teacher in what could be any lesson in Mozambique, except that they are not learning in Portuguese, the country's official language. Read More

Indies Pharma IPO closes a day after opening

Tuesday, July, 17 2018    

Indies Pharma Jamaica Limited successfully closed its initial public offering last Friday after being oversubscribed for its offering of 266,507,330 shares. Read More



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