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The scrap metal trade is set to resume in January 2013, with a revised regime and new set of regulations governing stakeholders’ operations. Industry, Investment and Commerce Minister, Hon. Anthony Hylton, announced  on December 19, that the activities are set to re-commence by the third week of January next year, after being suspended earlier this year. Speaking at the  weekly...

Industry, Investment and Commerce Minister, Hon.  Anthony Hylton, says expectations for the development of Jamaica’s global logistics and transshipment hub are high among stakeholders in the business and trading community worldwide. Speaking at the Jamaica Chamber of Commerce’s (JCC) Breakfast Forum at the Knutsford Court Hotel, New Kingston, on December 18, Mr. Hylton said this resonated among stakeholders in Europe,...

Entrepreneurs of micro, small and medium sized enterprises (MSMEs) are being given an opportunity to invest in unique local scientific developments. These can be seen at the head office of the Scientific Research Council (SRC), as it mounts an exposition of scientific developments, aimed at attracting investments. Marketing Assistant at the SRC in the Marketech Division, Kimberly Blackwood, told JIS...

The Jamaica Promotions Corporation (JAMPRO) is positioning Jamaica to tap into the lucrative animation industry. The global market for animation, inclusive of outsourcing activities, is estimated to gross earnings of between US$5 billion and US$175 billion annually. Animation is defined as the art or process of preparing and developing drawings, commonly referred to as a cartoon, which depicts humor, satire,...

Minister of Industry, Investment and Commerce, Hon. Anthony Hytlon, said the Factories Corporation of Jamaica (FCJ) will need to be restructured with new expertise identified, to better enable the entity to carry out some critical development projects over the next two to three years. These projects, which are expected to provide job opportunities for at least 20,000 individuals by January...

State Minister for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, says growth within Jamaica’s micro, small and medium-sized enterprise (MSMEs) is expected to be significantly boosted with development of the country’s global transshipment and logistics hub. Speaking at the Jamaica Exporters Association’s (JEA) 47th Annual General Meeting in Kingston, recently, Mrs. Ffolkes-Abrahams said, when implemented, the hub will provide a...

State Minister for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has called on exporters to make the necessary investments in their businesses, which will distinguish their products in the global marketplace. Speaking at the Jamaica Exporters Association’s (JEA) 47th Annual General Meeting in Kingston, recently, she said that in light of the removal of preferential trade agreements, which assured the...

State Minister for Industry, Investment and Commerce, Hon. Sharon Ffolkes- Abrahams, says the licensing of technology, if properly managed, can be a key source of wealth generation for the country. “Technology licensing is a means of exploiting our intellectual property (IP) assets to maximise the potential value inherent in such assets. As with technology development, technology licensing should be managed...

The Ministry of Industry, Investment and Commerce is seeking the support of  members of the  Diplomatic Corps to attract widescale investment inputs from overseas private and public sector interests, in the development of Jamaica's global transshipment and logistics hub. Portfolio Minister, Hon. Anthony Hylton, extended this invitation while making a presentation entitled: 'Jamaica – the Global Logistics Hub of the...

Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has emphasised the value and importance of small businesses to the development of the country’s economy. The State Minister explained that the sector creates many jobs, provides a vehicle for reducing income disparities, provides forward and backward linkages between economically, socially and geographically diverse sectors of...

Cabinet has approved a Government guarantee of US$20.15 million to the Port Authority of Jamaica from the Bank of Nova Scotia, to refinance existing loans. Making the announcement at the Jamaica House press briefing, at the Office of the Prime Minister, Information Minister, Senator the Hon. Sandrea Falconer, explained that the loan had become necessary as the Authority had been...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the Government expects some major investments to arise from his recent trips to China and Singapore. "As early as next month, we expect exploratory visits from at least three companies out of China, with at least one of them expressing a strong desire to establish a strategic partnership in locating...