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Prime Minister, the Most Hon. Portia Simpson Miller, has welcomed the official opening of a new MegaMart store in Mandeville, which she said, will provide a host of economic opportunities. In addition to employment, local producers are expected to supply the store with an estimated $500 million in produce annually. The Prime Minister praised the MegaMart chain of wholesale clubs,...

The Ministry of Industry, Investment and Commerce and the United States Chamber of Commerce are to host a joint conference in Jamaica, aimed at promoting the Global Logistics Hub Initiative. This was disclosed by the Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, during a meeting with Ambassador to the United States, His Excellency Stephen Vasciannie at the Embassy...

Acting Director General, Planning Institute of Jamaica (PIOJ), Everton McFarlane, says the government remains committed to implementing strategies to ensure Gross Domestic Product (GDP) growth over the medium to long term. Central to this growth strategy, he said, are fiscal consolidation, social stability, structural reforms, and strategic private/public investments. Speaking at the PIOJ's quarterly media briefing at the agency's New...

Managing Director, Wisynco Group, William Mahfood, has given his company’s commitment to continue to invest in the economy. He said that increased investment is what is needed to help the country overcome the existing challenges. “Wisyno is investing a lot as well, so for us, we are committed to Jamaica. I think those companies that continue to invest will see...

The World Bank has commended the Government on initiatives taken, including the National Debt Exchange (NDX) programme, to secure the recent staff-level agreement with the International Monetary Fund (IMF). “I have been listening keenly to the development in Jamaica over the last couple of days and I think what has transpired is a move in the right direction. This will...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, is again urging local business interests to support the proposed development of Jamaica’s global transshipment and logistics hub by taking advantage of the potential investment opportunities it provides. Speaking at the Jamaica Chamber of Commerce’s (JCC) quarterly luncheon at the Hibiscus Lodge in Ocho Rios, St. Ann, on Saturday (February 16), Mr....

The Government is pursuing investment projects aimed at improving incomes and employment opportunities across several sectors. Speaking during a broadcast to the nation on February 11, Minister of Finance and Planning, Dr. the Hon. Peter Phillips said among the initiatives is the major expansion of the port facilities to exploit the country’s geographic advantage in the post-PANAMAX context. “This expansion...

The Development Bank of Jamaica (DBJ) will, over the next 12 months, embark on the pilot phase of their latest initiative, the non-commercial Mobile Money for Microfinance Project, dubbed M3. The venture, which was launched at the Jamaica Pegasus Hotel, New Kingston, on February 11, seeks to increase access to and security of financial service transactions and deliveries, particularly to...

The Government is to receive technical assistance from the World Bank in preparing a master plan to take advantage of investment and other opportunities coming out of the logistics hub project. World Bank representative to Jamaica, Giorgio Valentini, said the World Bank Group has been working closely with the Industry, Investment and Commerce Ministry over the past month and a...

Work is expected to begin on the Caymanas Economic Zone (CEZ) project by May this year, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has announced. This project is one of several elements comprising the Government’s Logistics Hub initiative. Development of the proposed trans-shipment and logistics hub is being undertaken by the Government in a bid to position Jamaica...

Labour and Social Security Minister, Hon. Derrick Kellier, says the country is currently experiencing an unprecedented degree of industrial stability. Minister Kellier said this is a result of the robust and mature industrial relations mechanism that now exists in Jamaica. Speaking at a press briefing held at the Ministry’s North Street offices in downtown Kingston on February 6, Mr. Kellier...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the scrap metal trade is not to be blamed for every theft of metal, either from a private or public space. The Minister was responding to a concern raised in the House of Representatives on January 29 that the re-opening of the scrap metal trade poses a risk to public...