Jamaica is being strategically positioned as a globally competitive logistics hub, and an efficient investment destination, says Prime Minister, the Most Hon. Andrew Holness. According to the Prime Minister, there is a new wave of US multibillion-dollar investments projected for the Caribbean region, which will create myriad opportunities for economic growth and development. Addressing the Eighth Annual International Conference and...

Special economic zones (SEZs) locally and globally are continuously being challenged to innovate and adapt in these “new times”, to better serve home nations, says Prime Minister, the Most Hon. Andrew Holness. The Prime Minister indicated that with tensions across the world, the COVID-19 pandemic, the climate crisis and the war in Europe (Ukraine and Russia), Governments and companies are...

Prime Minister, the Most Hon. Andrew Holness, says the Business Process Outsourcing (BPO) industry is on a continuous growth path, with the number of persons employed increasing from approximately 48, 000 prior to the onset of the coronavirus (COVID-19) pandemic, to over 54,000 to date. He further said there are prospects of engaging up to 300,000 persons over the long-term....

The 2022 Atlantic Hurricane Season commenced on June 1 and the Ministry of Economic Growth and Job Creation was aiming to bring the newly acquired radar into full operation in time for the season. There are, however, some recent developments with the equipment that meant that the commissioning would not have been possible for this season and so the Ministry...

China Harbour Engineering Company (CHEC), which is the main contractor for the Southern Coastal Highway Improvement Project, will be addressing the issue of underperformance of subcontractors. Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Everald Warmington, in making the disclosure said the pace of work and the dust nuisance, remain a major complaint of residents,...

Five of the six service industry subsectors recorded positive out-turns to drive Jamaica’s estimated growth of six per cent for the January to March 2022 quarter. Leading the way was ‘Hotels and Restaurants’, which, according to the Planning Institute of Jamaica (PIOJ), increased by an impressive 105.7 per cent. This contributed significantly to the services industry recording an 8.9 per...

The economy is estimated to have grown by 8.1 per cent during fiscal year 2021/22, reports the Planning Institute of Jamaica (PIOJ). Director General, Dr. Wayne Henry, said that the out-turn, which falls within the entity’s target range of seven to nine per cent, reflects improved performances in all goods producing and service industry subsectors, except mining and quarrying, which...