The country is set to benefit from the recycling of waste tyres, and will also see reduction of the harmful effects of improper burning, through an investment by SKD Haulage and Distribution (SKDP), to develop a rubber industry. The St. Ann-based company, which will begin this waste to profit initiative by July, projects that it can absorb up to 60...

The Ministries of Tourism and Entertainment, and Industry, Investment and Commerce, have collaborated for the development of a major economic initiative aimed at attracting more local and foreign investments into the economy. The ‘Shovel-Ready’ Project Initiative is being developed as part of efforts to pre-package a number of investment opportunities that will streamline and expedite the process of investment in...

The Government is expected to provide $1 billion in loan financing to the micro, Small And Medium-Sized Enterprises (MSME) this year, as it continues to increase support to the sector. Industry, Investment and Commerce Minister, Hon. Anthony Hylton, made the disclosure during his contribution to the 2014/15 Sectoral Debate in the House of Representatives on May 21. He noted that...

The Government is currently finalising a four-year US$50 million Growth and Competitiveness loan project with the World Bank, as it continues to improve the business environment in Jamaica. Industry, Investment and Commerce Minister, Hon. Anthony Hylton, made the announcement during his contribution to the 2014/15 Sectoral Debate in the House of Representatives on May 21. He noted that Jamaica Promotions...

The scrap metal trade exported over 67,000 metric tonnes of metal, earning over US$19.3 million last year. This has been revealed by Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, who said the regulatory framework introduced, just over a year ago, has given new life to the trade. Addressing the House of Representatives in the 2014/15 Sectoral Debate, on May 21,...

The Factories Corporation of Jamaica (FCJ) will spend $120 million this year to retrofit the Garmex Freezone located on Marcus Drive, in Kingston. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says given its proximity to the port, the Garmex Freezone will be retrofitted into a world class industrial complex, to accommodate logistics and industrial clusters. The Minister made...

The country is expected to save more than US$2 million per year, with the creation of the Jamaica Internet Exchange Point (IXP), scheduled for implementation by the end of July. An IXP allows local Internet service providers to exchange Internet traffic between their networks at a reduced cost. Making the disclosure on Wednesday, May 21, Minister of Industry, Investment and...