Local businesses are being encouraged to take advantage of opportunities under the CARIFORUM-UK Economic Partnership Agreement (EPA), designed to open up and enhance trade between the UK and signatory CARIFORUM States. This is a reciprocal trade and development partnership that facilitates duty-free, quota-free access for CARIFORUM exports, among other things. Addressing the United Kingdom-Jamaica Trade Business Forum, ‘Exploring Trade Opportunities...

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, addresses a ceremony for the signing of a Memorandum of Understanding (MoU) between the Jamaica Manufacturers and Exporters Association (JMEA) and Caribshopper, at Outpost Republic, Lady Musgrave Road on February 23.

FirstRock Real Estate Investments (FREI) will soon be bringing its $2.5-billion luxury residential development, Bonne Chance, to market. Located at 8A Brompton Road on the outskirts of New Kingston, the nine-storey, mid-level high-rise complex will feature 43 units, ranging from studios to penthouse suites. The ground-breaking ceremony was held on Thursday (February 23). It will comprise 31 studios – 700...

Just over $1.1 billion has been allocated to continue the implementation of the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) project. The project aims to promote the sustainable and robust growth among startups and MSMEs in Jamaica. Details are contained in the 2023/24 Estimates of Expenditure, now before the House of representatives. There have been several physical achievements up to...

The Government will continue its drive to support the improvement of access to finance for micro, small and medium-sized enterprises (MSMEs) in the upcoming fiscal year. This, from a provision of $750 million contained in the 2023/24 Estimates of Expenditure, now before the House of representatives. There are four components of the project, namely enhancing the Credit Enhancement Facility (CEF)...

In celebration of Reggae Month, the Jamaica Intellectual Property Office (JIPO) will host a seminar titled, ‘Sounds of Success: Intellectual Property and the Music Industry’, on February 27, starting at 1:00 p.m. The seminar will be held in the Vera Moody Concert Hall at the Edna Manley College of the Visual and Performing Arts (EMCVPA) and will take the format...

Investors looking to do business in Jamaica will benefit from various opportunities made available through financial support and partnerships with local businesses. President of Jamaica Promotions Corporation (JAMPRO), Shullette Cox, noted that financing is becoming a more frequent occurrence, not just for smaller developments but also for substantial ones. She was participating in a panel discussion at the Global Tourism...

The Cannabis Licensing Authority (CLA) is advising current and potential clients to be cautious of persons claiming they can assist with application submission and other business processes of the Authority. The call has come from Acting Senior Director of Operations, O’Shane Williams, who is reminding the public that “the CLA is the only agency mandated by law to process applications...

Greater collaboration among local businesses is required to capitalise on export and investment opportunities in other countries, argues Managing Director of the Kinetic Group, Keon Hinds. Addressing a Jamaica Information Service (JIS) ‘Think Tank’ on February 8, Mr. Hinds said this became a reality after his participation in the second trade mission to Guyana, led by Minister of Industry, Investment...