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Russian alumina conglomerate, UC Rusal, which owns 52 per cent of local alumina production, has reaffirmed its commitment to continue operating in Jamaica, Minister of State in the Ministry of Energy and Mining, Hon. Laurence Broderick, has confirmed. "They have successfully negotiated debt rescheduling arrangements with a consortium of Russian and western banks amounting to US$11.9 billion, out of a...

The two Jamaican firms, which have advanced to the finals of the inaugural Pioneers of Prosperity Caribbean Awards, will be announced during a ceremony scheduled for the Ministry of Industry, Investment, and Commerce, New Kingston, on Wednesday (June 22). Industry, Investment, and Commerce Minister, Karl Samuda, heads the list of guests who will attend the function, during which a third...

Micro and small entrepreneurs in Ocho Rios and surrounding areas are expected to benefit from the new Business Information Centre now officially open at Pineapple Place in the parish of St. Ann. The new Ocho Rios JAMBIC/Export Centre and Business Information Point (ECBIP) seeks to provide e-business services, Internet access to web-enabled government services, market information and distance learning opportunities,...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, has called for increased partnership between the public and the private sectors, in areas where it can be beneficial to the development of both sectors. Mr. Samuda, who was speaking at the Caribbean Business Renewable Conference in at the Knutsford Court Hotel, New Kingston on Friday (July 17), said that while...

The Consumer Affairs Commission (CAC) has secured $11.1 million on behalf of aggrieved consumers, for the first quarter of the 2009/10 financial year, the Commission's Chief Executive Officer (CEO), Dolsie Allen, has disclosed. In an interview with JIS News, Mrs. Allen said that the sum was for the settlement of 499 of 900 complaints received, representing a 55 per cent...

Members of the country's business community are being urged to give more to institutions and organisations that care for the less fortunate and the more vulnerable persons in the society. The call has come from Governor-General, His Excellency the Most Hon. Sir Patrick Allen, who, along with Her Excellency Lady Allen, recently witnessed the handing over of two computers by...

During fiscal 2008/09, the Fair Trading Commission (FTC) completed 489 investigations into business conducted by local firms. Minister of State in the Ministry of Industry, Investments and Commerce, Hon. Michael Stern, told the House of Representatives on Wednesday (July 8) that this represented a resolution rate of 98.8 per cent between April, 2008 and March, 2009, compared to 38.1 per...

Chief Executive Officer of the Consumer Affairs Commission (CAC), Mrs. Dolsie Allen, was elected President of the Caribbean Consumer Council (CCC) at the second Biennial General Meeting held on June 22, 2009 in Antigua & Barbuda. "I am excited about this opportunity to serve as head of this advocacy body and look forward to working with other members of the...

Jamaica Trade and Invest (JTI) staged a stakeholder consultation with local private sector service providers on July 2, to clearly explain the technicalities of the EC-CARIFORUM Economic Partnership Agreement (EPA) and explore the possible opportunities that exist for trade in services with the European Union. The over 50 stakeholders in attendance at the forum were presented with valuable insight into...

Jamaica Trade and Invest (JTI), through its Corporate Finance Broker (CFB) Unit, has partnered with the Jamaica Stock Exchange (JSE) to facilitate potential capital injection into small and medium-sized enterprises (SMEs) through the Junior Stock Exchange. The parties signed a Memorandum of Understanding (MoU) Wednesday (July 1) at the JTI, to signal the start of the initiative. The MoU will...

Jamaica Trade and Invest (JTI) is working with the Jamaican Intellectual Property Office (JIPO) and the Jamaican embassies in Europe to protect 'Brand Jamaica' in Europe. JTI European Regional Manager, Laurence Jones, speaking at a 'Gathering of Young Minds' networking session at the Jamaican High Commission in London, England recently, said that abuse of the Jamaica brand is one of...

Spanish Ambassador to Jamaica, Jesus Silva, has commended the business community in St. James, particularly in Montego Bay, for partnering with Spanish companies, to make the tourist capital one of the most modern and most competitive resorts in the country and within the Caribbean, despite the economic recession. "There is evidence that Jamaican companies and businesses are profiting more and...