More

KINGSTON — Permanent Secretary in the Ministry of Industry, Investment and Commerce, Reginald Budhan, says the Small and Medium Enterprises (SMEs) are crucial in tackling aspects of the global economic downturn. "The SME sector plays a vital role in employment creation and income generation and is, therefore, critical for achieving sustainable growth in any country," Mr. Budhan declared. He was...

MONTEGO BAY — Jamaica's efforts to create more jobs for its citizens got a major boost Thursday September 8, with the official opening of the Sir Richard Branson Centre of Entrepreneurship, in Bogue, Montego Bay, which is committed to growing businesses in the Caribbean. The centre, established by British billionaire, Sir Richard Branson, at a cost of some US$3.5 million,...

KINGSTON — Minister of Industry, Investment and Commerce, Hon. Dr. Christopher Tufton, has assured wood furniture manufacturers that he will seek to increase export of their products, to drive development of the sector, and expand employment. "We have exported approximately US$170, 000 worth of wooden furniture over the last year and, at the same time, we imported approximately US$17 million....

“Many of the top business persons that I have spoken to, now tell me that the environment for doing business in Jamaica has never been better,” Director General of the Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, told a Public Sector Monitoring Committee (PSMC) seminar on Tuesday September 6. "They say this is the best macro-economic environment they have...

KINGSTON — Minister of Industry, Investment and Commerce, Hon. Dr. Christopher Tufton, is urging companies exporting food into the international market to get certified. He said that the United States (US) has given notice, through legislation passed earlier this year that food exporters must be certified to international standards for their goods to be allowed into the country. The Minister...

LONDON — Regional Manager of JAMPRO in the United Kingdom and Europe,  Laurence Jones (centre), speaking at a special  pre-Independence reception for UK investors at the High Commission in London.  Others (from left) are:  new Minister of Justice,  Hon. Delroy Chuck and  High Commissioner to the United Kingdom, Anthony Johnson. The London office of the country's investment promotions agency, JAMPRO,...

KINGSTON — A study conducted by the Jamaica Productivity Centre (JPC) has found that Jamaica could realise billions in savings annually from greater efficiencies in the distribution and generation of electricity, which could have implications for the productivity sector. The study titled: 'Generation and Distribution of Electricity in Jamaica: A Regional Comparison of Performance Indicators,' was unveiled at a symposium...

MONTEGO BAY — Minister of Industry, Investment and Commerce, Hon. Dr. Christopher Tufton, says that Jamaica needs innovative risk takers, who can take advantage of the vast prospects that exists for the creation of businesses. "Jamaica is looking for the next set of innovators in order to blaze a trail and to create a following … that is so critical...

KINGSTON — President of Jamaica Promotions Corporation (JAMPRO), Sancia Bennett-Templer, has said that Jamaica's prospects for increased Foreign Direct Investments (FDIs) are positive. She noted that while Jamaica, like most Small Island Developing States (SIDS), has been adversely affected by the global financial crisis, which has reduced FDIs flows, there has been a resurgence of interest in a number of...

KINGSTON — Minister of Industry, Investment and Commerce, Hon. Dr. Christopher Tufton, says although the Government has worked hard to set the stage for the expansion of the manufacturing sector, there are still issues which it has to play a role in adjusting. "It's a challenge because manufacturing, over the years, has not benefited from a macroeconomic environment conducive to...

KINGSTON — The Jamaica Exporters' Association (JEA) has come out in full support of the government's decision to put a temporary ban on the controversial scrap metal trade. President of the JEA, Vitus Evans, addressing a press briefing at the organisation's Winchester Road offices in Kingston on Wednesday July 20, said that with the problem that the industry is facing...

KINGSTON — Minister of Finance, Hon. Audley Shaw says an invitation has been extended to the Chinese to expand their investments in the country. Speaking at the Jamaica Chamber of Commerce's (JCC) Luncheon Forum at the Jamaica Pegasus Hotel on July 19, the Minister said the offer was given during his recent visit to the Asian nation for a series...