Renowned Jamaican scientist Dr. Henry Lowe, is the recipient of the Inter-American Development Bank’s (IDB) Local Innovator Award for his work in the development of novel medicinal and other products from the Jamaican Ball Moss. The presentation was made on Monday (October 24), at the IDB’s 19th Forum for Markets Innovation and Capital (FOROMIC) at the Montego Bay Conference Centre...

Conch exporters have been granted permission to pay the levy for the 2016 season in instalments. Through passage of the Conch (Export Levy) (Special Provisions) Act revival resolution in the House of Representatives recently, exporters will be allowed to complete payment within three months of the date of submission of the application for an export health certificate and export licence...

Prime Minister, the Most Hon. Andrew Holness, says the manufacturing sector is a major target area in the Government’s push for economic growth and job creation. “Manufacturing in Jamaica is not dead. Manufacturing is alive and kicking,” Mr. Holness said, following a tour of the Wisynco Group’s White Marl complex in St. Catherine on October 19. The Prime Minister hailed...

The recent passage of three key pieces of legislation in the House of Representatives should better position Jamaica as a place of choice to facilitate the administration of international financial and business services. These include: the General Partnership Act 2016; the Partnership Limited Act 2016; and the International Corporate and Trust Service Providers Act. The General Partnership Act will formalise...

Medium, small and micro enterprises (MSMEs) are being encouraged to explore business opportunities in new and emerging industries. Assistant Business Advisory Services Manager at the Jamaica Business Development Corporation (JBDC), Keera Walters, said that globalisation has changed the needs of the marketplace and entrepreneurs should see this shift as a chance to develop new business concepts and products to meet...

Prime Minister, the Most Hon. Andrew Holness, has urged Wisynco Group Ltd., the sole manufacturer of styrofoam in Jamaica, to consider the development of environmentally friendly alternatives to the product. Following a tour of Wisynco’s White Marl complex in St. Catherine yesterday (October 19), Mr. Holness issued a challenge for the company to identify products within the Jamaican environment that...

The Inter-American Microenterprise Forum (FOROMIC), the region’s largest event on microfinance and entrepreneurship, is expected to significantly boost opportunities for growth and expansion of the country’s micro, small and medium enterprise (MSME) sector. FOROMIC is a space for business and financial innovations and, in particular, a platform for microfinance businesses to showcase their products and services. Assistant Business Advisory Services...

The Jamaica Business Development Corporation (JBDC) is encouraging Micro, Small and Medium Enterprises (MSMEs) to take advantage of non-traditional platforms to market their products and services. This is in light of research conducted by the JBDC that shows the majority of MSMEs polled lacked adequate marketing, which is affecting their earnings. The research was conducted between March 2014 and November...

Relief supplies collected by the staff of JAMPRO are to be shipped soon to Haiti for persons who were affected by Hurricane Matthew, which devastated the island recently. The items were loaded yesterday (October 14) at JAMPRO’s offices in New Kingston and taken to Food For The Poor, which will ship them to Haiti. The initiative was supported by exporters...