The Planning Institute of Jamaica (PIOJ) says growth prospects for the economy during the April to June 2024 quarter are generally positive. In this regard, the Institute is projecting an out-turn within the range of 1.5 to 2.5 per cent for the period, relative to April to June 2023. Speaking during the PIOJ’s quarterly briefing on Tuesday (May 28), Senior...

The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the January to March 2024 quarter. Speaking during the PIOJ’s quarterly briefing on Tuesday (May 28), Senior Director in the Economic Planning and Research Division, James Stewart, said the outturn represents the 12th consecutive quarter of growth. The performance for the...

The Kingston Free Zone Company Limited (KFZ) plans to remain focused this year on providing services of the highest standard to its clients while continuing on a path towards becoming more sustainable. The KFZ, to this end, has established new strategic objectives that they will concentrate on. Details of these are outlined in the Jamaica Public Bodies Estimates of Revenue...

The Government remains committed to the growth and development of the micro, small and medium sized-enterprise (MSME) sector, which continues to play a pivotal role in the country's economy, says Minister with responsibility for Information, Skills and Digital Transformation, Senator Dr. the Hon. Dana Morris Dixon.  With over 422,000 MSMEs operating in Jamaica, she noted that these entities are undeniably...

Minister of State in the Ministry of Finance and the Public Service, Hon. Zavia Mayne, delivers the keynote address during Tuesday’s (May 14) official opening ceremony for the Revv Up Registration EXPO at The Jamaica Pegasus hotel in New Kingston. The event was co-hosted by the Public Procurement Commission (PPC), Companies Office of Jamaica (COJ), and Tax Administration Jamaica (TAJ).

Jamaica continues to fortify its position as a responsible player in the global financial landscape, with the recent launch of the Online Beneficial Ownership Training (OBOT) programme. Developed in collaboration with the Ministry of Industry, Investment and Commerce (MIIC), Companies Office of Jamaica (COJ) and local educational company One-on-One, the platform possesses key features, such as a user-friendly interface, engaging...

The recent expansion of local pharmaceutical giant R.A. Williams Distributors Limited into Spanish Town, St. Catherine, is expected to contribute to the growth of the pharmaceutical market in Jamaica, which is projected to achieve US$97 million this year. Industry, Investment and Commerce Minister, Senator the Hon. Aubyn Hill, in his address at the recent opening of the company’s new complex...

The Government continues to implement several strategies to enhance skills development in the labour force, says Minister without Portfolio with direct oversight for Skills and Digital Transformation, Senator, Dr. the Hon. Dana Morris Dixon. She said these are being undertaken to fill the gap between the skills available and those required, particularly in areas that are critical to modern manufacturing...

The Montego Bay Free Zone Company Limited (MBFZ) plans to enhance internal and external communications and create partnerships for successful social engagements in order to improve awareness of its commercial activities. Accordingly, the entity will seek to participate in international events, engage in social marketing initiatives, and conduct local missions during the 2024/25 financial year. Details of these are outlined...