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Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (left), greets Japan’s Ambassador to Jamaica, His Excellency Masanori Nakano (right), at the official opening of a training facility at the Restoring Entrepreneurial Success Through Education and Technology (RESET) Caribbean Foundation on Brompton Road in Kingston on May 26. Looking on is President, Council of Voluntary Social Services (CVSS), Gary ‘Butch’ Hendrickson.
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (left), greets Japan’s Ambassador to Jamaica, His Excellency Masanori Nakano (right), at the official opening of a training facility at the Restoring Entrepreneurial Success Through Education and Technology (RESET) Caribbean Foundation on Brompton Road in Kingston on May 26. Looking on is President, Council of Voluntary Social Services (CVSS), Gary ‘Butch’ Hendrickson.

Training Facility Established for Small Businesses

A training facility, aimed at boosting the capacity of small businesses, was handed over to the Council of Voluntary Social Services (CVSS) by the Restoring Entrepreneurial Success Through Education and Technology (RESET) Caribbean Foundation. Establishment of the centre, located at...
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (left), is joined by Japan’s Ambassador to Jamaica, His Excellency Masanori Nakano (2nd right); and Executive Chairman, Restoring Entrepreneurial Success Through Education and Technology (RESET) Caribbean Foundation, Collette Campbell, in cutting the ribbon to officially open a training facility for small business operators at RESET’s offices on Brompton Road in Kingston on May 26. Looking on is President, Council of Voluntary Social Services (CVSS), Gary ‘Butch’ Hendrickson.
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (left), is joined by Japan’s Ambassador to Jamaica, His Excellency Masanori Nakano (2nd right); and Executive Chairman, Restoring Entrepreneurial Success Through Education and Technology (RESET) Caribbean Foundation, Collette Campbell, in cutting the ribbon to officially open a training facility for small business operators at RESET’s offices on Brompton Road in Kingston on May 26. Looking on is President, Council of Voluntary Social Services (CVSS), Gary ‘Butch’ Hendrickson.

120 MSME Operators to Benefit from Training
Bank of Jamaica (BoJ) Governor, Brian Wynter (left), responds to a question during the quarterly press briefing at the BoJ’s headquarters, downtown Kingston on May 26. Also pictured is the bank’s Deputy Governor, Livingstone Morrison.
Bank of Jamaica (BoJ) Governor, Brian Wynter (left), responds to a question during the quarterly press briefing at the BoJ’s headquarters, downtown Kingston on May 26. Also pictured is the bank’s Deputy Governor, Livingstone Morrison.

BoJ Bullish On Growth
Chief Executive Officer of the Micro Investment Development Agency (MIDA), Lanville Henry, highlights initiatives to be undertaken by the agency during a JIS interview.
Chief Executive Officer of the Micro Investment Development Agency (MIDA), Lanville Henry, highlights initiatives to be undertaken by the agency during a JIS interview.

MIDA Disburses $3.31 Billion Creating Some 63,000 Jobs
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (head of table), addresses the newly appointed board members of the Jamaica Business Development Corporation (JBDC), Micro Investment Development Agency (MIDA), and the Self Start Fund, at the JBDC head office on Camp Road on May 19. At 3rd left is Chief Executive Officer of the JBDC, Valerie Veira.
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda (head of table), addresses the newly appointed board members of the Jamaica Business Development Corporation (JBDC), Micro Investment Development Agency (MIDA), and the Self Start Fund, at the JBDC head office on Camp Road on May 19. At 3rd left is Chief Executive Officer of the JBDC, Valerie Veira.

Entities Urged to Improve Data Collection and Research

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Commerce

Inflation Continues to Trend Downward

Jamaica’s inflation rate continues to trend downward, reaching a 50-year low of three per cent at the end of the March 2016 quarter. Bank of Jamaica (BoJ) Governor, Brian Wynter, says the figure is the lowest since financial year 1966/67. “It is lower than the 3.7 per cent that was recorded in December 2015 and it is lower than the...
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Commerce

Caribbean Countries Urged to Invest in its Human Capital

President of the Caribbean Development Bank (CDB) Dr. Warren Smith says the region can be proud of what it has accomplished since Independence. He was speaking in an address at the recently concluded 46th Annual Board of Governors Meeting of the Caribbean Development Bank held at the Montego Bay Convention Centre in St. James. Dr. Smith pointed out that prior...
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Minister of Industry, Commerce, Agriculture and Fisheries, Hon Karl Samuda, addresses a Micro-Finance Institutions meeting, held at the Ministry’s New Kingston offices on May 18.
Commerce

Drafting of Micro Credit Bill far Advanced

The draft Micro Credit Bill, which aims to create an authority to regulate micro financing firms, is in an advanced state. This was disclosed by Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda, at a Micro-Finance Institutions meeting, held at the Ministry’s New Kingston offices on May 18. He noted that the legislation will assist in the registration...
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Commerce

Head of JCA Says CCLEC Conference Will be a Success

Chief Executive Officer of the Jamaica Customs Agency (JCA), Major Richard Reese, has expressed confidence that the 38th annual conference of the Caribbean Customs Law Enforcement Council (CCLEC), being hosted in the country, will be a success. Major Reese was addressing the opening ceremony for the five-day conference at the Jamaica Pegasus Hotel in Kingston yesterday (May 17). The conference,...
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Late former President of the Caribbean Development Bank (CDB), William Demas.
Commerce

CDB to Pay Tribute to William Demas

The Caribbean Development Bank (CDB) will tomorrow (May 17) pay tribute to late former President and one of the region’s most distinguished sons, William Gilbert Demas. At a lecture in his honour, during the staging of the 46th annual meeting of the CDB’s Board of Governors, now underway in Montego Bay, Mr. Demas’ role in the development of the region...
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Industry, Commerce, Agriculture and Fisheries Minister, Hon. Karl Samuda, addresses the opening ceremony for the Jamaica Business Development Corporation’s (JBDC) exposition and conference, at the Jamaica Pegasus Hotel in New Kingston, on Thursday, May 12.
Commerce

National MSME Working Group to be Established

The Government is to establish a national consultative working group for micro, small and medium-size enterprises (MSME) this year as part of measures to further develop the sector. This was announced by Industry, Commerce, Agriculture and Fisheries Minister, Hon. Karl Samuda, at the opening ceremony for the Jamaica Business Development Corporation’s (JBDC) ninth annual small business exposition and conference, at...
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Industry, Commerce, Agriculture and Fisheries Minister, Hon. Karl Samuda, addresses the opening ceremony for the Jamaica Business Development Corporation’s (JBDC) exposition and conference, at the Jamaica Pegasus Hotel in New Kingston, on Thursday, May 12.
Commerce

MSMEs Integral to Development – Minister Samuda

Industry, Commerce, Agriculture and Fisheries Minister, Hon, Karl Samuda, says the Government is committed to facilitating the continued development of the micro, small and medium-size enterprise (MSME) sector. He said the sector, which employs more than 90 per cent of the workforce,  is integral to Jamaica’s growth and economic progress. “A critical element of our national development plan is to...
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