The National Security Interests in Personal Property (NSIPP) Registry has facilitated a total of 22,208 loans. Among these, 2,640 loans were allocated for business purposes, and 19,567 were individual loans. The information is contained in the Planning Institute of Jamaica (PIOJ) Economic and Social Survey Jamaica 2023, which was tabled in Parliament recently. The survey noted that 59.2 per cent...

The Jamaica Business Development Corporation (JBDC) served 2,711 clients from the micro, small and medium-sized enterprise (MSME) sector in 2023 representing various industries. The information is contained in the Planning Institute of Jamaica (JIS) Economic and Social Survey Jamaica 2023, which was tabled in Parliament recently. Manufacturing accounted for 16.8 per cent of client served, followed by the Service sector...

The Global Services Sector (GSS) continues to be a major employment driver with a 61.5 per cent increase in the number of jobs created over an eight-year period. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, said that 52,000 persons are now employed in the sector, moving from 32,000 in 2016. He was addressing the Global Services...

An Anti-Money Laundering (AML) Unit has been established within the Companies Office of Jamaica (COJ) to enhance regulatory compliance and transparency. This strategic move comes in response to the heightened scrutiny and monitoring efforts by the Financial Action Task Force (FATF) to combat money laundering and ensure financial integrity. Speaking at a recent Jamaica Information Service (JIS) Think Tank, Manager...

The Companies Office of Jamaica (COJ) has established a Rejection Help Desk to assist customers facing issues with their applications. Designed to reduce the number of documents that are rejected due to inaccuracies and incompetencies, this initiative is one of the crucial steps the COJ has taken to make doing business easier. Manager for Anti-Money Laundering at the COJ, Inger...

The Companies Office of Jamaica (COJ) says that by the end of the current financial year, its customers will witness an even broader array of online service offerings. Speaking at a recent Jamaica Information Service (JIS) Think Tank, Manager for Anti-Money Laundering, Inger Hainsley-Bennett, said, “As we move further into the digital age, bringing more services online continues to be...

Jamaica’s hospitality industry was positively impacted by notable growth out-turns recorded in several allied subsectors during the January to March 2024 quarter. The Statistical Institute of Jamaica (STATIN) reports that increased foreign national arrivals and passenger movements through the island’s major international airports were pivotal in generating expansion of several Services Industry subsectors during the period. According to STATIN’s Gross...

Jamaica’s unemployment rate (LU1) was 5.4 per cent in January 2024, according to the Statistical Institute of Jamaica (STATIN) revised Labour Force Survey for the period. The revised Survey incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians. STATIN’s Deputy Director General, Leesha Delatie-Budair, presented the key indicators during Wednesday’s (July 17) Media Launch of the...

The Statistical Institute of Jamaica (STATIN) has introduced key changes to the Labour Force Survey (LFS). The new LFS incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians, commencing January 2024. STATIN Director General, Carol Coy, underscored that the revisions will ensure survey estimates accurately reflect the labour market. “STATIN’s primary objective in implementing these changes...