Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, is encouraging microfinance institutions (MFIs) to get ready for the Microcredit Act, which, he says, will become effective in July this year. The Microcredit Act 2021, which was passed in January of this year, aims to license and regulate microcredit institutions that provide financing...

Some 20 State entities that facilitate imports and exports are earmarked for digitisation under the Jamaica Electronic Single Window for Trade (JSWIFT) initiative. The JSWIFT is the one-stop facility designed to provide fully automated services to enable a single portal for access to the services of all cross-border regulatory agencies. This was stated by Minister of Industry, Investment and Commerce,...

The Consumer Affairs Commission (CAC) secured approximately $22 million in refunds and compensation on behalf of aggrieved consumers who transacted business with product and service providers during 2020/2021. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, who made the disclosure while making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11, also noted...

The Government will be advancing the National Sourcing Policy to rebalance shortfalls in the impact of Foreign Direct Investment on economic growth in Jamaica. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, gave this update during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (May 11). “The National Sourcing Policy...

Minister of Industry, Investment and Commerce,  Hon. Audley Shaw, says the Government will continue to work towards implementing the National Five-Year Agribusiness Strategy. Making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), Mr. Shaw said the Strategy aims to establish a modern and profitable agribusiness sector in Jamaica. It is also geared...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, has informed that condensed milk and clinker (used in cement production) supplied within the Caribbean Community (CARICOM) “have [now] been afforded an additional layer of protection”. Speaking in the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), he noted that this achievement has been realised “after a...

Prime Minister, the Most Hon. Andrew Holness, says notwithstanding a few teething pains, the E-commerce National Delivery System (ENDS) pilot has been extremely successful. Speaking in the House of Representatives on Tuesday (May 4), Mr. Holness noted that it has enabled a number of quick-serve businesses to continue operating during curfew hours. “The demand has been overwhelming and we will...