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...

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...

The Jamaica Special Economic Zone Authority (JSEZA) is placing emphasis on environmental sustainability as the country develops as a logistics hub. JSEZA’s Chief Executive Officer, Kelli-Dawn Hamilton, said the entity has received recognition from international bodies such as the United Nations Conference on Trade and Development (UNCTAD) for including sustainable practices in assessing permit applications and other processes. “One of...

The role of Special Economic Zones (SEZs) in sustaining Jamaica’s low unemployment rate, which fell to a record 4.2 per cent in late 2023, is being underscored by the State entity promoting and facilitating investments in SEZs. These zones have emerged as vibrant hubs of commercial activity, driving employment opportunities and facilitating knowledge transfer across multiple sectors. This comes against...