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The Jamaica Logistics Hub Initiative is quickly gaining traction with potential international investors, who have expressed interest in partnering with the Government, and investing in the initiative. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the recent Government/Private Sector mission to the Middle East was a “phenomenal success”. The seven-member delegation met with several influential players in Kuwait...

Micro, Small and Medium-Sized Enterprises(MSMEs) are to benefit from some $439 million, which the Government has earmarked for fiscal year 2013/14, to facilitate growth and development in the productive sector. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, said that 57 per cent of the funds, allocated through the Development Bank of Jamaica (DBJ), are slated for the Credit...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, has offered to meet with stakeholders in the Micro, Small and Medium sized Enterprise (MSME) sector, to discuss how they can contribute to the global logistics hub initiative, as well as the mutual benefits to be derived from it. Speaking at an MSME Alliance public forum on the topic: ‘MSMEs Waiting to...

The proposed Micro, Small and Medium Sized Enterprise (MSME)/ Entrepreneurship Policy, is expected to be tabled in Parliament by June. Industry, Investment and Commerce Minister, Hon. Anthony Hylton, whose Ministry is piloting the policy’s formulation, says in light of the 2013/14 Budget Debate, slated to get underway on April 18, and continue into May, it is unlikely that there will...

Work to develop the Global Logistics Hub Initiative during this year, is to be boosted significantly by the provision of $50 million in the 2013/14 Estimates of Expenditure, which were tabled in the House of Representatives on April 4. The allocation has been earmarked to purchase equipment, and finance the provision of services, among other inputs, to continue work already...

The Government of Jamaica has signed a letter of intent with the United States Agency for International Development (USAID), for the extension of the PRIDE Jamaica Programme, which is expected to bring about continued improvement in the tax administration system. The Promote, Renew, Invigorate, Develop, and Energize (PRIDE) Jamaica project, which is being funded at a cost of US$1.7 million,...

The Government’s logistics hub initiative will be a global asset of the scale and significance of the world’s other leading hubs in Rotterdam, Singapore, and Dubai. At a meeting with government communicators at Jamaica House on Thursday, March 28, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, emphasized that the hub will have far-reaching economic benefits beyond basic transshipment...

State Minister in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has underscored the importance of developing Jamaica’s capacity to produce more goods and services for export. This, she argues, is necessary in order to transform the economy into one which is competitively positioned globally, thereby generating significantly higher foreign exchange earnings. Speaking at a recent University of...

The Government’s logistics hub initiative will be a global asset of the scale and significance of the world’s other leading hubs in Rotterdam, Singapore, and Dubai. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, emphasised at a meeting with government communicators at Jamaica House on March 28 that the hub will have far-reaching economic benefits that go far beyond...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, is encouraging local businesses to attain internationally accepted certification of their management systems, as this will positively impact their organisations. The Minister was speaking at the inaugural staging of Certification Day, hosted by the National Certification Body of Jamaica (NCBJ) at the Knutsford Court hotel in New Kingston, on March 27. He...

Jamaica has the potential to earn significantly through the United Nations’ Reducing Emissions from Deforestation and Forest Degradation -plus (REDD+) programme, by speeding up its schedule of greenhouse gas reducing projects. This according to United Nations Development Programme (UNDP) Resident Representative in Jamaica, Dr. Arun Kashyapwho said … “predictions are that (global) financial flows for (implementing) greenhouse gas emission reductions...

Activities in the country’s micro enterprise sector have been boosted by the establishment of the Jamaica Association of Micro Financing (JAMFIN). The organisation, which comprises several micro financing entities, seeks to advance the welfare of its members through partnerships forged with major private and public sector stakeholders.   Its founding members include: First Union Financial Company Limited; Kris An Charles...