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A Memorandum of Understanding (MoU) valued at $15.4 million was signed on April 20 between the Jamaica Business Development Corporation (JBDC) and the Development Bank of Jamaica (DBJ) to implement three projects, aimed at fostering sustainable growth and development of the Micro, Small and Medium Enterprises (MSME) sector . These are: an MSME Energy Conservation and Efficiency Project; establishment of...

Committee Chair of the Jamaica Employers' Federation (JEF) Convention 2012, Patrick Sterling, says the annual event is a significant means of improving employer/employee relations and strengthening the labour force. The annual business and workplace convention and expo, now in its 30th year, will be held from May 3 to 6 at the Sunset Jamaica Grande Resort in Ocho Rios, St....

The new government, which was elected to office on December 29, 2011, had stated at the outset, that attracting investments, both local and overseas, would be a top priority as it looked to boost economic growth and development. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, said the government was seeking to secureUS billions in Foreign Direct Investment (FDI),...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says his Ministry fully endorses the process to reform the country’s insolvency law to reflect the realities of the modern global business environment. Insolvency refers to the inability of an organisation to meet its financial obligations with its lender(s) as debts become due. It can lead to legal action being taken against...

The Jamaica Intellectual Property Office (JIPO) will be educating members of the public on the importance of intellectual property  and how they can benefit, during Intellectual Property (IP) Week 2012, slated for April 22 to 28. Themed ‘Nation Building through Creativity and Innovation’, the week’s activities will include a church service, an open day, exhibitions and seminars.  “All our activities...

More than one hundred Chief Executive Officers (CEOs) and General Managers are expected to attend the Jamaica Employers’ Federation (JEF) CEO Breakfast Series, to be held at the Wyndham Hotel in Kingston. Speaking with JIS News, CEO of  the JEF, Brenda Cuthbert, pointed out that the series will begin on Tuesday, April 3 at 7:30 a.m., with four others to...

State Minister for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, says a Green Paper on the draft Micro Small and Medium Enterprise (MSME) and Entrepreneurial Policy could be tabled in Parliament as early as April. Speaking at the University of the West Indies (UWI) Department of Management Studies’ research symposium, entitled: ‘Managing Small Firms that have Gone Public', held at...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says a key priority of the government is formulating suitable policies and implementing strategies that will ensure the continued growth and development of the automotive industry. “The automotive trade is a critical component of our economy, with extensive interconnections across other sectors or industries. As such, we will continue to provide...

 The Harmony Cove project in Trelawny, conceptualised more than 10 years ago for the development of some 2,300 acres of mostly beach front property is alive, and details of the impending development activities will soon be made public.  This was disclosed to JIS News by Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, following his presentation at a ‘Meet...

The Ministry of Industry, Investment and Commerce, is being restructured to become the gateway for investments in the Jamaican economy. Addressing the Meet the Ministers Power Breakfast Series staged by Strategic Corporate Interventions at the Jamaica Pegasus hotel in New Kingston on March 22, portfolio Minister, Hon. Anthony Hylton, said that business facilitation will be the first order of business,...

Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, said the government is working assiduously to improve Jamaica’s global competitiveness ranking, following a significant decline over the last year. She said to achieve this goal, the Ministry will be working to remove many of the significant hindrances to doing business that now exist and secure...

The Food Storage and Prevention of Infestation Division (FSPID) has confiscated approximately 1,500 metric tonnes of paddy rice, valued at approximately $15 million, after it was deemed unfit for consumption. Paddy rice is the unshelled form of the cereal, which is usually imported for further processing to make white rice, for distribution into the local commercial trade. Senior Food Storage...