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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...

MONTEGO BAY — Minister of Industry, Investment and Commerce, Dr. Christopher Tufton, headed a JAMPRO-facilitated tour of business process outsourcing (BPO) facilities in the Montego Bay Free Zone, Thursday July 21, 2011. During the tour he held discussions with key players in the industry, with the objective of ‘fast tracking’ the growth and development of the information and communications technology...

KINGSTON — The Jamaica Exporters' Association (JEA) has urged local exporters to comply with the regulations included in the recently signed United States Food Safety Modernisation Act, or risk being barred from that market. Speaking at a press briefing Wednesday July 20, at the JEA's Winchester Road headquarters, Vice President, JEA, Dr. Andre Gordon, said the requirements under the Act,...

KINGSTON — Minister of Industry, Investment and Commerce, Dr. Christopher Tufton, says Government and the Private sector must work even closer in the months ahead to convert investment ideas into business realities through a more aggressive investment strategy, where job creation is the priority. Speaking at the Rotary Club of Santa Cruz on the weekend the Minister with responsibility for...

KINGSTON — The Ministry of Industry, Investment and Commerce is to prepare a Cabinet submission to outline the way forward for the scrap metal industry, following the temporary shutdown of the trade. Minister of Industry, Investment and Commerce, Dr. Christopher Tufton, at a press briefing held today, at the Ministry in New Kingston, said that the submission will be presented...

KINGSTON — Minister of Industry, Investment and Commerce, Dr. the Hon. Christopher Tufton, has instructed a temporary closure of the scrap metal trade. All exporters with inventories on hand must collect their containers from the ports by the latest Friday, July 22nd, 2011. These must be packed and returned to the port by July 29th. Thereafter, no new scrap metal...

MONTEGO BAY — The Customs Department is reporting significant earnings for the first quarter of the 2011/2012 financial year, with the revenue target overshot by $1.4 billion. According to Commissioner of Customs, Danville Walker, the increase in earnings is despite a cut in rates for the importation of motor vehicles, which he describes as a courageous move on the part...