Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, is encouraging banks to respond to the reduction in interest rates by the Bank of Jamaica (BOJ), by lowering their interest rates. Last August, the Central Bank reduced its benchmark policy rate by 25 basis points, bringing the rate from seven per cent to 6.75 per cent per annum....

Shoppers are being encouraged to share receipts for purchases with the Consumer Affairs Commission (CAC) as the entity intensifies efforts to ensure that vendors comply with the Consumer Protection Act. “Fax them to us, e-mail them to us, post them online; send us your receipts,” said Director of Research at the CAC, Racquel White, in an interview with JIS News....

The HEART/NSTA Trust has provided $21.9 million in grant assistance to entrepreneurs during the 2024/25 financial year. Of the total, micro, small and medium-sized enterprises (MSMEs) received $8.4 million, while $13.4 million went towards supporting trainee start-ups. “This ensures sustained financial support to empower entrepreneurs,” said Executive Director of the HEART/NSTA Trust, Dr. Taneisha Ingleton. She was addressing the opening...

More than 1,200 micro, small and medium-sized enterprises (MSMEs) have benefited from the Ministry of Industry, Investment and Commerce’s MSME Business Roadshow, to date. Launched in 2023 in collaboration with the Inter-American Development Bank (IDB), the roadshow initiative aims to equip MSME owners across the island with the tools to grow their businesses and enter the export market. This is...

More than 70 micro, small and medium-sized enterprises (MSMEs) from St. Catherine benefited from a range of services to improve and grow their operations. The services were provided at the MSME Business Roadshow held on Thursday (January 16) at the Twickenham Park Church of the Open Bible in the parish. It was the first event held for the year under...

The Bureau of Standards Jamaica (BSJ) is working to reactivate its Aggregates Technical Committee. This forms part of efforts to address growing concerns regarding the condition of a number of roads islandwide. Senior BSJ Standards Development Officer, Shane Slater, told JIS News that the committee will comprise representatives of key stakeholder groups, including government agencies, construction and engineering professionals, academia...

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, says he wants to see more micro, small and medium-sized enterprises (MSMEs) listed on the Junior Market of the Jamaica Stock Exchange this year. He also urged MSMEs to take advantage of the recent amendment of the Income Tax Act, which allows companies to raise up to $750 million...