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The Ministry of Industry, Investment and Commerce has adjusted its application to the CARICOM Council for Trade and Economic Development (COTED) for a suspension of the Common External Tariff (CET) on imported cement, from 170,000 tonnes to 120,000 tonnes. Minister with portfolio responsibility, Hon. Karl Samuda, who made the announcement at his New Kingston office this morning (Sept. 29), said...

Consultant on the National Housing Policy, Mr. Carlton Cunningham, has said that the construction industry in Jamaica must be developed, with more players involved in the sector. "At the moment, if there is a major job to be done in construction or any major housing development, I guarantee you that there will be two or three or maybe four names...

The Companies Office of Jamaica (COJ) is urging charitable groups to file outstanding documents to ensure compliance with the Companies Act and to prevent their businesses from being removed from the register. "The issue of removal has serious implications for these companies," said Business Registration Manager at the COJ, Camille Neil. She noted that most of these companies "have assets...

Chairman of the Bauxite and Alumina Task Force, Dr. Carlton Davis, has said that stakeholders, especially banks, must become far more proactive in facilitating economic growth. "The financial sector must see itself playing a constructive role in the diversification and development agenda, and we must move seriously to diversify the economy, and agriculture is one means of doing it," he...

The Ministry of Industry, Investment and Commerce has embarked on an inter-ministerial collaborative initiative, aimed at building partnerships that will pursue investment prospects globally, by promoting Jamaica as an ideal location for doing business. Portfolio Minister, Hon. Karl Samuda, says this new thrust is intended to enhance foreign direct investments (FDIs), thereby boosting the country's foreign exchange earnings. Mr. Samuda...

The gains made in the maritime sector are expected to be boosted by the country's current close association with public and private sector interests in Singapore, a world leader in the industry. Jamaica has been receiving various forms of technical and logistical assistance from that South-East Asian country, Transport and Works Minister, Hon. Michael Henry, pointed out, in his 2009/10...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, has stressed the importance of adhering to the highest standards of quality in the manufacture of Jamaican products. Mr. Samuda made the comment on Friday (September 11), while on a tour of the Jamaica Business Development Corporation's (JBDC) Garmex Complex and Incubator Resource Centre, located on Marcus Garvey Drive in Kingston,...

Industry, Investment and Commerce Minister, Hon. Karl Samuda, has renewed calls for a private/public sector partnership, which can establish the framework to position Jamaica to be competitive in the global marketplace. Addressing the 10th Annual Fair Trading Commission (FTC) Shirley Playfair Lecture, at the Jamaica Pegasus Hotel, in Kingston, on September 10, Mr. Samuda noted that the latest World Bank's...

The 10th annual Shirley Playfair Lecture series will be hosted by the Fair Trading Commission (FTC), on Thursday, September 10. The event, which will be held at the Jamaica Pegasus Hotel, in Kingston, commencing at 3:00 p.m., will focus on the theme: 'The Relevance of Competition Law in Good and not so Good Times'. Executive Director of the FTC, Mr....

Charitable groups are being encouraged to take advantage of the special three-month amnesty now being offered by the Companies Office of Jamaica (COJ). "We are asking charitable organisations to take advantage of this amnesty," said Minister of Industry, Investment and Commerce, Hon. Karl Samuda, at a press briefing held today (Sept. 8) at the COJ's head office in New Kingston...

Local companies, Spatial Innovision and Totally Male, are among 10 regional entities vying for a $5.3 million (US$60,000) grand prize in the inaugural Pioneers of Prosperity Caribbean Award. The winner of the prestigious award will be named at a ceremony scheduled for the Half Moon Conference Centre in Montego Bay, St. James, on September 11. The ceremony, to be hosted...

The Jamaica Employers' Federation (JEF) is celebrating National Employers' Month in September, with focus to be placed on the regularisation of businesses and improving best practices. JEF President, Wayne Chen, speaking with JIS News at the launch held at the JEF headquarters in Kingston yesterday, (Sept. 1) said that with the global economic crisis "bearing down of the country's economy,"...