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Pepsi-Cola (Jamaica) Limited has announced an investment of some $360 million in new equipment and machinery at its Spanish Town Road plant, to bring the local company on par with cutting edge technology used by bottling companies regionally. Speaking at the launch of the new investment initiative yesterday (June 10) at the plant, Minister of Development, Dr. Paul Robertson said,...

The Jamaica Customs Department has officially launched its electronic (e)-payment system to facilitate the convenience of online payment by importers. The e-payment system was first introduced by the Customs Department on January 7, 2003 as a pilot project. It involved 15 importers and their Customs Brokers, who were allowed exclusively to carry out their transactions online. With the launch of...

Minister of Commerce, Science and Technology, Phillip Paulwell, has warned local producers, that the coming of the Caribbean Single Market and Economy (CSME) would place increased pressure on them to compete effectively with their CARICOM neighbors. Minister Paulwell was launching the Quality Jamaica Project on Wednesday, July 9 at Jamaica Pegasus Hotel in Kingston. The US$1.4 million project was funded...

Vice President of Wireless Business Unit at The Lewis Group (TLG), Norman Anderson, has said that wireless technology was critical to helping the Caribbean Community (CARICOM) meet and overcome its challenges. Mr. Anderson was addressing the Regional Telecommunications Conference organised by the Caribbean Association of National Telecommunication Organisations (CANTO) in The Bahamas, just ahead of the recently concluded, 24th Meeting...

President of Jamaica's investment promotion and export trade development agency, JAMPRO, Patricia Francis, has said that Jamaica's Global Competitiveness profile, shows that the country enjoys five key strengths, which are among the highest in the world. As such, producers of Jamaican goods and services are poised to benefit from significant income earning opportunities. She was speaking at a Policy Forum...

The Government has committed resources to facilitate the implementation and operation of the Jamaica Trade Point, in which partners in five sectors that provide critical services to the export sector have been integrated under one virtual roof. They are the Ministry of Development through JAMPRO; Commerce, Science and Technology through the Trade Board; Finance and Planning through the Customs Department...

A Memorandum of Understanding (MOU) has been signed between the Jamaica Promotions Corporation (JAMPRO) and core private sector partners, for the establishment of Jamaica Trade Point, an electronic trade facilitation system. The JAMPRO implemented system is part of the Global Trade Point Network, which links over 153 trade points in 91 countries. Co-ordinated by the United Nations Conference on Trade...

Development Minister, Paul Robertson, has said the Government was engaged in a number of initiatives with overseas development partners to boost private sector growth. In the meantime, emphasis will be placed on creating an environment for local entrepreneurs, by clearing bureaucratic hurdles, which constrained the development agenda, and "fetter the private sector, which is the engine of growth," the Minister...

Minister of Development, Dr. Paul Robertson, said today that the growth prospects for world trade this year, were clouded by considerable uncertainty. Dr. Robertson made the observation in his address at a World Trade Organization (WTO) Trade and Investment Workshop, held at the Jamaica Pegasus Hotel in Kingston. Citing preliminary figures from the WTO, Dr. Robertson said the growth in...

Jamaica will begin manufacturing the world renowned Simmons bed very soon. Minister of Development, Dr. Paul Robertson, has said that the award of the manufacturing franchise to Boss Furniture Company by the Atlanta-based Simmons Company was "a fillip in Jamaica's cap, as it indicates that the country is capable of producing high quality products". He pointed out that this development...

Minister of Development in the Office of the Prime Minister, Dr. Paul Robertson, said today that Jamaica and the rest of the Caribbean was facing the challenge of positioning themselves in a fiercely competitive environment, driven by liberalized trade and investment regimes. He pointed out that although the Government had taken steps to strengthen legislation or introduce new ones, modernize...

Deputy Director of the Directorate for Finance, Fiscal and Enterprise Affairs of the Organization for Economic Co-operation and Development (OECD), Rainer Geiger, has said that three main issues would dominate tomorrow's (March 11) Caribbean Rim Investment Conference at the Jamaica Conference Centre. Mr. Geiger informed JIS News that three countries had participated in a pilot project designed to explore issues...