Recycling Partners of Jamaica (RPJ) is to expand its efforts to reduce plastic waste in Jamaica this year. The public-private sector group aims to increase the 2018 collection of polythene terephthalate (PET) bottles and continue the fight against plastic pollution. In Jamaica, it is estimated that 600 million PET bottles are used each year. However,...
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LASCO Financial re-opens Drive-Thru Cambio Kingston, Jamaica: LASCO Financial Services Limited (LFSL), has re-opened its drive-thru cambio service at its LASCO Money Store located at its head offices at 38 ½ Red Hills Road in Kingston. The service has been reinstated in time for the Christmas rush and after an extensive expansion within the organisation...
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Thursday, May 18, 2017 KINGSTON, Jamaica – The LASCO affiliated companies invested over US$23 million on expansion efforts across LASCO Manufacturing Limited (LASM), LASCO Distributors Limited (LASD) and LASCO Financial Services Limited (LASF) in the past financial year. As at May 1, the combined market capitalisation reached $53.8 billion, putting the group of companies fourth...
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Sunday, May 12, 2017 Lasco Distributors Limted wants US$490 million as the full payout from Pfizer in the long-running court case, documents related to the case indicate. The figure translates to around $64 billion in local currency. The courts are expected to make a decision shortly as both sides presented closing arguments in April in...
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Money transfer agencies in Jamaica are bracing for a possible fallout if a proposed tax on remittances from the United States takes effect. Acting general manager of JN Money Transfer, Horace Hines, says his firm is monitoring the discussions surrounding the proposal for the introduction of the tax. He told The Gleaner/Power 106 News Centre...
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BY STEVEN JACKSON steven.jackson@gleanerjm.com Sunday, April 26, 2017 The United States Congress has introduced a bill to impose a fee for remittance transfers to Jamaica and 41 other foreign countries, ostensibly to fund the building of a border wall with Mexico. The bill, entitled Border Wall Funding Act of 2017, is intended to amend the Electronic...
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Lasco launches one-stop money shop BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com Sunday, December 18, 2016 LASCO Financial Services Limited (LFSL) has launched Lasco Money, a new one-stop money store concept for its suite of financial services. The new consumer brand is now the umbrella name for all Lasco Financial Service’s products, including LFSL’s Money Transfer...
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Lasco Financial Heads West As Business Grows Jermaine Barnaby Jacinth Hall-Tracey, managing director of Lasco Financial Services Limited. Lasco Financial Services Limited has opened a new location in Montego Bay and relocated its Red Hills Road branch to more spacious accommodation in Kingston. The micro loan and money-services company invested just under $3 million to...
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Lasco Financial Exits Mobile Phone Business By Karena Bennett Wednesday, November 09, 2016  A Huawei smartphone   Lasco Financial Services Ltd has exited the mobile phone distribution business. The company, which entered the mobile business last September, said it has seen a decline in other income by $6 million for its second quarter ending September...
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