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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...

The Government is implementing measures to assist with the development of the Small and Medium Enterprise (SMEs), Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern, has stated. "We do this by providing a wide range of support services and programmes to SMEs, in the areas of business start-up, incubation, information access, human resources development, financing,...

Small business owners from central Jamaica were recently informed of a number of strategies to keep their businesses afloat in light of the global economic crisis. The business owners who were attending the Jamaica National Small Business Loans (JNSBL) Biz-Grow Seminar at the Mandeville Baptist Church Hall on Thursday (Jan. 29) were implored by Business Consultant with the Jamaica Business...

The four-day Jamaica Stock Exchange (JSE) Investment and Capital Markets Conference, which was held at the Rose Hall Resort and Country Club in Montego Bay, from January 27 to 30, has been described by General Manager, Marlene Street Forrest as "very successful", having satisfactorily achieved its main objectives. "Overall, the conference has served its purpose, given the fact that our...

Rural Agricultural Development Authority (RADA) Parish Manager for St. Thomas, Caswell Glover, has lauded the establishment of the Export Centre and Business Information point (EC/BIP) in the parish, which he said will impact on export potential. The EC/BIP is a component of the Private Sector Development Programme (PSDP), which is a five-year project jointly funded by the Government of Jamaica...

The establishment of Export Centres/Business Information Points (ECBIP) across the island has made it easier for owners of micro, small and medium-sized enterprises (MSMEs) to conduct business with public entities. This is the word from Deputy Programme Manager for the Private Sector Development Project (PSDP), Eleanor Henry, at the opening of an ECBIP yesterday (Jan. 29), at the Rural Agricultural...