More than $180 billion has been disbursed by the EXIM Bank over 38 years, helping over 3,000 clients operate as viable and competitive business ventures in international markets. The trade financing institution is the Caribbean’s first Export-Import Bank and is focused on providing a wide range of financing instruments at competitive interest rates for the country’s productive sector. Acting Chief...

As the Christmas season approaches, the Consumer Affairs Commission (CAC) is reminding persons to be aware of their rights when shopping. Speaking during a virtual sensitisation session on Wednesday (October 30), CAC Legal Officer, Tara Francis, informed that there is often increased shopping during Christmas, which makes it even more crucial for consumers to understand and assert their rights under...

Senior Director of Accreditation, Training and Quality Management at JANAAC Global Accreditation, Dr. Yvette Castell, has been appointed to serve as the organisation’s Acting Chief Executive Officer (CEO). Dr. Castell’s appointment follows the departure of outgoing CEO, Sharonmae Walker, who demitted the position on October 25. The Acting CEO is an accomplished executive with more than 30 years’ experience in...

Jamaica’s import expenditure for the first six months of 2024, between January and June, totalled US$3.68 billion. This represents a 1.5 per cent decline over the US$3.74-billion spend for the corresponding period in 2023. The Statistical Institute of Jamaica (STATIN) indicated in a bulletin on Wednesday (October 30) that the decrease was largely attributable to lower imports of ‘Raw Materials/Intermediate...

Operators of medium, small and micro enterprises (MSMEs) are being encouraged to take advantage of EXIM Bank’s Energy Loan to reduce operating costs and improve their bottom line. Introduced in 2022, the Energy Loan is tailored for MSMEs within the productive sector, enabling them to access renewable energy solutions to power their businesses. Speaking with JIS News, Acting Chief Executive...

The US Department of Agriculture (USDA) Food for Progress Jamaica Spices (JaSPICE) Project is making significant strides in addressing critical issues that will drive local production of ginger, turmeric and pimento. The project, being implemented over the next five years, is geared towards revitalising the spice sector in Jamaica to meet existing export and domestic demands. Research and Development Specialist...

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, has congratulated the management and staff of the Spice Isle Imaging Centre Inc., in Grenada, for achieving ISO 15189:2012 accreditation. In his keynote address at the recent virtual ceremony, Senator Hill commended the collective efforts of the Spice Isle Imaging team, noting that “it’s always a team effort, so...