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Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says he will be submitting the recently drafted micro, small and medium enterprise (MSME) procurement policy to Cabinet as early as next week. Mr. Hylton said the draft policy, which was developed in conjunction with the Ministry of Finance and Planning, is geared at facilitating and stimulating growth and employment in...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the Government is working to implement a system called ‘mobile money’, which will allow customers to carry out monetary transactions using their mobile phones. Speaking during the 2012/13 Sectoral Debate in the House of Representatives on June 20, Mr. Hylton said the system is being developed, in collaboration with the...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says the government’s plan to establish Jamaica as a global transshipment and logistics hub represents an investment opportunity of some US$7-8 billion, spanning a five to 10-year period. The proposal entails implementation of a series of developments, including: dredging of the Kingston Harbour; port facility expansion works at Fort Augusta and Gordon...

Jamaica’s trade and investment promotions agency, JAMPRO, will be leading a substantial business focused programme to target buyers, distributors and prospective investors, during the 'Jamaica House' 2012 programme at the O2 in London during the summer Olympics. JAMPRO Vice President, Dr. Dana Morris Dixon, said that the agency has learnt from the experience of the Beijing Olympics and will try...

Manufactures and exporters will now be able to access increased levels of funding through the Jamaica Exporters’ Association (JEA)/ Jamaica Manufacturers’ Association loan programme. Under the facility, which is financed by the EX-IM Bank, firms can now access up to $3.5 million. Previously, exporters could borrow up to $2 million, and manufacturers up to $1.5 million. “We are proud to...

Stakeholders from across the region are participating in a five-day workshop examining the need to improve the regulatory infrastructures for radiation safety, and the security of radioactive sources. Speaking at the opening of the forum at the Jamaica Pegasus Hotel, on Monday June 11, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, welcomed the discussion, and emphasised that establishing...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has underscored the critical role of mentorship to the success of young business leaders. “Business mentors can be invaluable to entrepreneurs and small businesses, helping them avoid mistakes, pointing them to practical solutions and resources and developing confidence levels. Indeed, many would argue that during these difficult times, the role of...

The draft policy for the micro, small and medium enterprises (MSME) sector has been completed and will be tabled in the House of Representatives next month. This was disclosed by Minister of Industry, Investment and Commerce, Hon. Anthony Hylton earlier on May 31, as he addressed a Jamaica Chamber of Commerce (JCC) forum at the Wyndham Kingston hotel. The Minister...

The Junior Stock Market in Jamaica presents a tremendous opportunity for small enterprises to raise capital, in order to expand their businesses and make an even greater impact on employment and economic development. This was stated by Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, when he addressed the Women Business Owners/University of the West Indies Seminar, at the...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the advancement of the natural fibre industry can be a catalyst for the country’s rural economic development. “This industry offers a strategy for addressing rural development and impacting the livelihoods of its people,” the Minister said. He was addressing the opening of a Caribbean Natural Fibre Symposium at the Jamaica...

Minister of State for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has commended the country’s credit unions for the important role they play in improving the lives of ordinary Jamaicans. She was delivering the main address at the Jamaica Cooperative Credit Union League's (JCCUL) 70th anniversary Strategic Conference awards dinner on Friday (May 25) at the Ritz Carlton Golf and...

The country’s economic programme and the 2012/13 budget, though contractionary, can achieve growth, but will require strong public/private partnership going forward. This was stated by Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, as heresponded to issues and concerns expressed at the recently held Public Forum on: ‘The Budget - the Debt and the Future’,  at the University of...