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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...

Jamaica's earning from total exports for the first five months of the 2012 was valued at US$715.3 million, with domestic exports increasing by 1.08 per cent over the similar period last year. President of the Jamaica Exporters Association (JEA), Vitus Evans, presented the figure at yesterday's (October 9) quarterly media briefing in Kingston. He noted that of the US$715 million,...

Exporters in the small and medium-sized enterprise (SME) sector are being encouraged to take full advantage of the newly launched FINPYME ExportPlus Jamaica programme, which seeks to improve the capacity of SMEs to better access export markets. This call came from Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, as he addressed the ceremony to launch the initiative at...

The Consumer Affairs Commission (CAC) has secured over $5 million on behalf of aggrieved consumers, for the first six months of the 2012/13 financial year, Chief Executive Officer (CEO), Dolsie Allen, has disclosed. In an interview with JIS News, Mrs. Allen said the sum was for the settlement of 849 complaints received, representing a 75 per cent resolution rate. She...

The Companies Office of Jamaica (COJ), located at 1 Grenada Way, New Kingston, will be closed to the public from Friday, October 5 to Tuesday, October 9, to facilitate the upgrading of its document processing management information system (DPMIS). During the period, all regular services will be suspended; however, customers can utilise the drop off box service, which will be...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says the Global Logistics Hub could add 17 per cent growth to Jamaica’s Gross Domestic Product (GDP) over six to eight years. The figures, Mr. Hylton said, were baseline estimates provided by the Planning Institute of Jamaica (PIOJ). The Minister was briefing senior journalists on the global logistics hub, at a breakfast...

The Jamaica Exporters' Association (JEA) has partnered with accounting and consulting firm, UHY Dawgen, to assist export ready companies to put their businesses on a sustainable growth path. JEA President, Vitus Evans, said the project dubbed: 'Jamaica 50 Ideas for Sustainable Earnings,' is in keeping with the organisation's objectives to increase employment, develop new businesses and form key linkages. "Under...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says that Cabinet has accepted the submission that Jamaica be positioned as a Global Logistics Hub, which will be at the centre of the country's economic growth strategy. The Minister, who was briefing senior journalists at a breakfast meeting at his Ministry today (September 25), said that Cabinet also approved the...

Stakeholders in the Business Process Outsourcing (BPO)/ Information and Communications Technology (ICT) sector have joined forces to establish the Business Processing Industry Association of Jamaica (BPIAJ). The association, which has been formed with the support of Jamaica Promotions Corporation (JAMPRO), was officially launched on September 20 at JAMPRO's Trafalgar Road offices in New Kingston. BPOinvolves the contracting of the operations...

President, Jamaica Promotions Corporation (JAMPRO), Sancia Bennett-Templer, says it is critical and urgent for developing countries, like Jamaica, to implement strategies to boost export, in keeping with challenges presented by the slow recovery of the global economy. She noted that as such, JAMPRO, under the remit of the National Export Strategy (NES), has sought to focus its efforts to enhance...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has lauded Pepsi’s acquisition of the distributorship for the Ocean Spray line of juices in Latin American and the Caribbean, noting that this augers well for growth in exports and expansion of the local beverages industry. He was speaking at a function held at the Wyndham Kingston today (Sept. 19) to...

Several small entrepreneurs are to benefit from the expertise and experience of larger and more established business owners under a coaching/mentorship programme. The initiative, dubbed the 'Nationwide-Scotiabank Entrepreneurial Challenge Coaching/Mentorship' programme, seeks to provide sound advice and assistance to proprietors of medium, small and micro enterprises (MSMEs) with the objective of advancing their identified business goals. The programme, which was...