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Minister of Industry, Commerce & Investment, Hon. Karl Samuda, today, got a first-hand look at how some of the funds, provided under the Government stimulus package to assist the micro and small business sector, are being utilized. Mr. Samuda was accompanied by the Minister of State in the Ministry, the Hon. Michael Stern. They visited seven micro business clients of...

Jamaica National Small Business Loans Limited (JNSBL) has received $250 million from the Development Bank of Jamaica(DBJ) to on-lend to micro and small businesses. This is part of the Government's stimulus package to assist the sector in the current financial crisis. The first tranche of $125 million was received on Wednesday (February 18). JNBS manager, Frank Whylie, made the disclosure...

Jamaicans can benefit tremendously from exporting roots and tubers, according to General Manager of Marketech, a subsidiary of the Scientific Research Council (SRC), Roslyn Fisher. She pointed out that a lot of the roots that Jamaicans have been using over the years have proven to have medical benefits, and that the SRC is assisting in having them developed and marketed....

The co-operative movement has kept Jamaica's economy going, and even through turbulent times, it has remained firm in providing credit to small enterprises, said Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern. He was addressing a church service on Sunday (Feb. 15), at the Spring Ground Missionary Church in Manchester, to celebrative the 50th anniversary...

Minister of Finance and the Public Service, Audley Shaw, has said that despite the global economic turmoil, various opportunities exist for investment, and he would be willing to facilitate any prospect that would create growth in the economy. "I'm going to create an avenue where anyone who wants to invest, anyone who wants to take a chance in embracing productivity...

Minister of Industry, Investment and Commerce (IIC), Karl Samuda, has suggested that CARICOM identify and develop areas of comparative advantage, in order to deal effectively with the current global financial crisis. "We have taken our eyes off the need to be more productive. We have taken our eyes off the need to apply technology appropriately. So that those things we...

With approximately 50 per cent of the total market share of travellers to and from the island and 70 per cent of the airfreight market between Jamaica and the rest of the world, Air Jamaica is considered a significant turnaround opportunity for an airline investor, according to airline consultancy GRA Inc. The consultants arrived at this position following the findings...

Jamaica's Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Dr. Kenneth Baugh, has declared that the island presented an unparalleled location for investment. "Our breathtaking beauty, excellent infrastructure, strategic location at the centre of the Americas offers tremendous possibilities for European investors. Jamaica is not just for sun and sea, but is also an exciting destination for...

Micro, small and medium-sized business enterprises in western Jamaica are to benefit from a range of export-related advisory services and developmental tools, that should greatly enhance their performance and profitability. Jamaica Trade and Invest (JTI), in partnership with the Westmoreland Chamber of Commerce, yesterday (February 5), officially opened an Export Centre and Business Information Point (EC/BIP) at the Savanna-La-Mar Civic...

Permanent Secretary in the Ministry of Industry, Investment, and Commerce, Reginald Budhan, has identified several areas, which he says have the potential to boost the island's export capacity, and are worth pursuing. Mr. Budhan, who was the guest speaker at a symposium hosted by the University of the West Indies' (UWI) Department of Economics at the Mona Visitors' Lodge, today...

Minister of Industry, Investment and Commerce, Karl Samuda, has said that the world economic recession can provide opportunities for Jamaica, and the Government will be moving to more aggressively package and market investment areas. "Now is the time to seize the moment," Mr. Samuda said, as he addressed the first Jamaica Investment Forum in London, England on February 5. "We...

Jamaica Trade and Invest (JTI), is reporting marked success in the implementation of the Export Centre/Business Information Point (EC/BIP) project, with over 60 per cent of its target group reached. Speaking at a JIS 'Think Tank' held yesterday (Feb. 4) at the agency's head office in Kingston, Business Facilitation Manager at the JTI, Marlene Porter, said that some 7,000 persons...