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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...

The City of Montego Bay is now home to the new Business Process Industry Association of Jamaica (BPIAJ). The association will ensure the proper representation of operations in the Business Process Outsourcing (BPO)/Information and Communications Technology (ICT) sector, and promote and enhance investment in an industry, which has become a major employer. Speaking at the official launching ceremony on Friday...

Industry, Investment and Commerce Minister, G. Anthony Hylton, is leading a high-level mission to China and Singapore from October 25- November 7, with the primary goal of promoting investment opportunities in logistics and other priority sectors in the Jamaican economy, and gleaning valuable insight and new perspectives to drive the development of Jamaica’s logistics industry. The delegation, which includes Clive...

The National Competitiveness Council’s (NCC) Reform Agenda, which outlines a comprehensive approach to improving Jamaica’s business climate and removing the impediments to doing business, is currently before the Cabinet for review. This was stated by Industry, Investment and Commerce Minister, Hon. Anthony Hylton,  at the launch of the Bureaucracy Hotline, 1-888-REDTAPE (733-8273), at the Ministry’s New Kingston offices, on Monday...

Jamaica has a recognizable brand that can be maximized to the greater benefit of the country, Executive Director, Caribbean Export Development Agency, Pamela Coke-Hamilton says. “The name itself is a brand and it is an incredibly recognized brand…what we produce can sell purely on the basis of a brand that has been developed and that has recognition across the world....

The London office of JAMPRO, the Government’s trade and investment promotions agency, has secured the support of the Glasgow Chamber of Commerce in its efforts to promote Jamaica as an investment and business destination. Representatives of JAMPRO and the Jamaica Tourist Board (JTB) accompanied High Commissioner to the United Kingdom (UK), Aloun Ndomet Assamba, on her first official visit to...

State Minister for Industry, Investment, and Commerce, Hon. Sharon Ffolkes-Abrahams, has underscored the need for local food processors to maintain high standards in their operations, in order to ensure consumer safety, and enhance Jamaica’s competitive edge in the global marketplace. “The maintenance of high standards, with respect to (the) quality (of food) and consumer safety and protection, is not confined...

London - The head of JAMPRO's United Kingdom and European office, Laurence Jones, has said that the Ministry of Agriculture in Jamaica and a Birmingham based shipper/distributor are in talks with a view towards establishing a significant distribution hub in Birmingham for Jamaican goods. Mr. Jones told a Caribbean Trade Conference in Birmingham on Wednesday (October 10), that JAMPRO intends...

Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes Abrahams, says that government has been strengthening existing and emerging micro financing institutions to help in the eradication of poverty, especially among female headed households. “There are no visible barriers to women’s access to the financial sector.  Women have access to all types of financing and...

The Jamaica Exporters Association (JEA) is looking to source financing for entrepreneurs under its 'Jamaica 50 Business Ideas for Sustainable Earning' initiative. JEA President, Vitus Evans, said that discussions have been held with several financial institutions to provide financing of between $1 million and $5 million for viable projects. He said the response so far has been positive. He was...