A new entity has been launched aimed at fostering development of the local and regional alternative investment industry. The not-for-profit entity, dubbed the Caribbean Alternative Investment Association (CARAIA), will promote expansion of private equity, venture capital, real estate, private capital, mezzanine financing and other alternative investment instruments. It is anchored by the Development Bank of Jamaica (DBJ), through its Jamaica...

Prime Minister, the Most Hon. Andrew Holness, says the Government will be pumping resources towards monetising and upgrading brand Jamaica to better capitalise on its economic benefit and value. He said that the objective is to attract more businesses to the country and also ensure that more Jamaican brands become international. "Today (Monday), Cabinet received a presentation about brand Jamaica,...

In an effort to improve the earning potential of social enterprises in Jamaica, the Government is developing the draft of a Code of Ethics, designed to help entrepreneurs conduct business with honesty and integrity. Speaking at a Global Entrepreneurship Week Social Enterprise Expo at Spanish Court Hotel in New Kingston on November 18, Minister of State in the Ministry of...

Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, is encouraging farmers to position themselves to take advantage of the expected boom in tourism over the next two years. He said that the Government’s target of adding 15,000 hotel rooms by 2021 presents a golden opportunity for players in the local sector. Mr. Shaw, who was speaking to JIS...

Minister of Tourism, Hon. Edmund Bartlett, says Jamaica will see an increase in cruise ship arrivals, and by 2030 the country should see a projected three million visitors in a single year. Speaking to JIS News following an address to business interests and tourism stakeholders at the RJRGLEANER Hospitality Jamaica Awards, on November 15, at the Montego Bay Convention Centre...

Jamaica’s Global Services Sector (GSS) is projecting 14,000 additional jobs in the local outsourcing industry by March 2020. Business Process Industry Association of Jamaica (BPIAJ) Marketing Specialist, Cheryl Neufville-Crooks, made the projection while addressing a Jamaica Information Service (JIS) ‘Think Tank’ at the agency’s Regional Office in Montego Bay, St. James, on Monday, November 18. Mrs. Neufville-Crooks, who is tasked...

A call is being made for more men to be mentors for at-risk male adolescents in Jamaica. The mentors are required for an upcoming mentorship programme, #Mentorme2020, an initiative of the Bureau of Gender Affairs, a division of the Ministry of Culture, Gender, Entertainment and Sport. Speaking at this year’s International Men’s Day (IMD) church service at Fellowship Tabernacle in...