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,...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says he will shortly be recommending that Cabinet removes the ban on the importation of damaged vehicles. The Minister, who was contributing to the 2014/15 Sectoral Debate in the House of Representatives on May 21, said there are opportunities in the trade and reconditioning of damaged vehicles, as a part of...

Jamaica Promotions Corporations (JAMPRO) is collaborating with the Tourism Enhancement Fund (TEF), and other stakeholders to create a concept, which will allow the development and packaging of specific projects, with most of the necessary approvals in place, before the investor makes a decision to invest. This measure is part of Government’s endeavour, to make the process of investing, easier. Minister...

Representatives of a major consortium of American, European, and Middle Eastern investors are currently in the island conducting due diligence, ahead of submitting a formal proposal for investment in several components of the Logistics Hub. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton said the consortium is mobilising equity financing in excess of US$4 billion to design, finance, build,...

Minister of Industry Investment and Commerce, Hon. Anthony Hylton says the Caymanas Special Economic Zone is expected to attract large-scale investments in specific value added industries. “It is also expected, that the Caymanas Special Economic Zone will serve as a model for the development of future special economic zones across the country, in keeping with the Government of Jamaica’s growth...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has announced plans to construct a film lot in Jamaica. He informed that negotiations are far advanced for the lease of the 20-acre former Goodyear Factory and complex, near Morant Bay in St. Thomas, as the site for the film lot. The Minister pointed out that the lot will have multiple...

Jamaica’s Logistics index has moved 54 places in just under two years, making the country more investment ready in the global logistics chain, according to a World Bank performance report. In 2012, the World Bank Logistics benchmarking tool, placed Jamaica at 124 out of 160 countries, but with the movement, the country is now ranked at 70 out of 160...