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Commissioner of Customs, Major Richard Reese, is reporting that the Customs Department collected an additional $276.6 million in revenue from re-valuations during the first five months of the 2012/13 fiscal year. Speaking at the weekly luncheon of the Kiwanis Club of Kingston at the Wyndham Kingston Hotel, on Tuesday (September 18), Major Reese said between April and August, some $172.4...

Jamaica's ability to provide container cleaning, testing and repair services in the shipping industry has been boosted, with the launch of the island's first global ISO-Tank Specialist Depot and Maintenance Facility - ISOCON-JLB International. The facility, located at Newport West in the Kingston Freezone, will give access to all ISO-Tank Container operators in the food grade markets throughout the Caribbean,...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the Government is committed to building a successful export strategy to improve Jamaica’s competitiveness on the global market. Mr. Hylton was speaking at the opening of the National Export Strategy (NES) Engagement Series, held at Jamaica Promotions Corporation (JAMPRO) Business Auditorium in New Kingston, on September 14.  He pointed out...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says draft legislation for a new 'Insolvency Act' could be before Cabinet by early next year. Addressing a Breakfast Forum hosted under the theme, ‘Booms need Bust: Reforming Insolvency Legislation’, Minister Hylton told guests that a reform of the current insolvency legislation is urgently needed, as it has become outmoded and...

Jamaicans are being urged to be patient as the business benefits from the country's participation in the Jamaica House promotions in London, during the recent Summer Olympics, will take some time to unfold. President of Jamaica Promotions Corporation (JAMPRO), Sancia Bennett-Templer, said that while there will be "some new developments in the area of animations for Jamaica very, very shortly,”...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says one of the major priorities of the Government is the empowerment of the nation’s youth, through job creation opportunities. He said the digital economy is one area the administration is currently exploring, as a means of generating employment for young people. The digital economy is the global network of economic...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, said the 'Jamaica Shop' experience in London was "by all accounts a huge success". Jamaica Shop was executed by Jamaica Promotions Corporation (JAMPRO) and the Jamaica Business Development Corporation (JBDC), inside Jamaica House in London, and featured a wide array of Jamaican products and souvenirs from more than 95 suppliers. These...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has underscored the strategic importance of the United Kingdom (UK) city of Birmingham to the Government’s economic goals for investments and international trade.  Minister Hylton was addressing a press conference at the Crowne Plaza Hotel in the city on Wednesday (August 1) to launch ‘Jamaica in the Square,’ a five-day free...

President of the Jamaica Exporters' Association (JEA), Vitus Evans, is reporting a 10 per cent increase in total domestic exports for January to March 2012 over the same period last year. Of total export earnings of US$446.2 million for the period, US$434.2 million came from total domestic exports, with 46.89 per cent attributed to non-traditional exports. The remaining US$12 million...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the proposed global transshipment and logistics hub is the lynch pin of the country's long-term growth strategy.  He argued that in this the 50th year of Independence, and coming from a period of anemic economic growth, Jamaica needs an economic transformation. The Minister was speaking at a 'Roundtable Discussion on...

A one-day exhibition highlighting aspects of Jamaica's rich cultural history as well as the country's technological achievements, was staged by the Ministry of Science, Technology, Energy and Mining. Dubbed 'Festoramma', the event, which opened on Friday July 20 at the Petroleum Corporation of Jamaica (PCJ) Auditorium in New Kingston showcases the work of a number of agencies under the Ministry’s...

State Minister in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, says the Government is working towards the development of an effective Services Growth and Expansion Plan, in an effort to further advance the services sector. Mrs. Ffolkes-Abrahams said the initiative forms an integral part of the Vision 2030 National Development Plan, which is also in support of...