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State Minister for Industry, Investment and Commerce, Michael Stern, has welcomed the investment and job creation opportunities stemming from the opening of the Payless ShoeSource franchise in the island. “With Payless being here, it is sending a signal to others, who are (looking at) investing in Jamaica to come quickly (and) take advantage of (the opportunities that exist). We are...

Minister of Investment, Industry and Commerce, Hon. Karl Samuda, toured J. Wray and Nephew Limited’s manufacturing plant, Spanish Town Road, Kingston Friday February 18, to gain a firsthand view of the facility and its operations. Mr. Samuda was escorted by Managing Director of Global Marketing, David McConnell, and General Manager, Production and Agriculture Division, Paul Henriques, to key areas of...

Come Monday, February 21, exporters will be introduced to a new world of convenience through the services available under the Jamaica Promotions Corporation (JAMPRO) ‘Fast-Track Facility’. The facility seeks to provide a solution for new and existing exporters, who will be able to conduct most of their export-related transactions under one roof in the convenience of JAMPRO’s offices in Kingston...

Chairman of Digicel Group, Denis O'Brien, is encouraging the business community to help support the transformation of Jamaica’s economy. “The building blocks are there and I think we are at a tipping point right here in this country of really transforming the economy,” he said at a workshop and luncheon for small and medium-sized enterprises (SMEs) held Tuesday (February 15)...

Effective April 4, the Companies Office of Jamaica (COJ) will be implementing changes to its fee structure for services related to the registration of business names. Speaking at on February 16 JIS ‘Think Tank’, Compliance Manager of the COJ, Heather Sutherland said that the changes would include increases in fees for some services and the introduction of other services, to...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda’s  appearance  before the Commission of Enquiry into the extradition of Christopher Coke, today (February 15),  was cut short after several attorneys raised objections about the questions being asked by Queen’s Counsel, K.D. Knight. The Commission had summoned Mr. Samuda to appear to authenticate a press release issued by him in the...

The Jamaica Business Development Corporation’s (JBDC) Incubator and Resource Centre, located at 76 Marcus Garvey Drive, is currently hosting a series of training seminars and workshops, aimed at assisting micro, small and medium enterprises (MSMEs) to improve their operations and increase their efficiency. The seminars and workshops, which will be held until the end of April, include manual pattern making;...

An Act to establish the Jamaica International Financial Services Authority for the promotion and development of Jamaica as a Centre for International Financial Services was passed in the House of Representatives, on Tuesday (February 8). Minister of Industry, Investment and Commerce, Hon. Karl Samuda, who piloted the Jamaica International Financial Services Authority Act, noted that the Authority will be charged...

The Government is making approximately 200,000 square feet (sq ft) of factory space available for rental to small businesses engaged in manufacturing, as part of initiatives to boost productivity in the sector. “We have under management at the Factories Corporation of Jamaica (FCJ) 1.9 million sq ft comprising 43 buildings, 21 of which are fully occupied, 14 are partially occupied...

The University of the West Indies (UWI) has partnered with the Jamaica Business Development Corporation (JBDC) to open a business centre on the Mona campus, which will help people with viable ideas to develop these into successful enterprises. Located at the Old Personnel Building, 4 Gibraltar Camp Way, the facility, which was officially opened on Wednesday January 26, is in...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, says there has been stability in the cement industry, and a reduction in market prices, since the introduction of the regime allowing the private sector to import up to 15 per cent of cement for the local market, free of the Common External Tariff (CET). "We have seen where there has...

Government is in discussions with 12 blue chip companies interested in investing in the Caymanas Economic Zone, which is being established in St. Catherine. Making the disclosure at a press conference at his Ministry, New Kingston, Thursday (January 6), Minister of Industry, Investment and Commerce, Hon. KarlSamuda, said that the companies have all expressed an interest in acquiring plots of the 200...