A Bill is being drafted to amend the Companies Act to allow a company in Jamaica to hold general meetings, whether annual general meetings (AGMs) or extraordinary general meetings (EGMs), as hybrid meetings, that is in-person and virtually, or as completely electronic meetings. This Bill will match the transition the world has taken on, as part of efforts to prevent...

The Government will be advancing the National Sourcing Policy to rebalance shortfalls in the impact of Foreign Direct Investment on economic growth in Jamaica. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, gave this update during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (May 11). “The National Sourcing Policy...

Minister of Industry, Investment and Commerce,  Hon. Audley Shaw, says the Government will continue to work towards implementing the National Five-Year Agribusiness Strategy. Making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), Mr. Shaw said the Strategy aims to establish a modern and profitable agribusiness sector in Jamaica. It is also geared...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Caribbean Cement Company Limited’s  planned investment of  another $1.75 billion, will contribute to the continued development of the construction sector. The company plans to invest this sum over the next three years to improve its efficiencies and continue to increase its capacity. “This expansion supports the growth in the...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, has informed that condensed milk and clinker (used in cement production) supplied within the Caribbean Community (CARICOM) “have [now] been afforded an additional layer of protection”. Speaking in the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), he noted that this achievement has been realised “after a...

The Jamaica Intellectual Property Office (JIPO) is encouraging citizens to familiarise themselves with the dangers of intellectual property (IP) crimes, such as the distribution, manufacture and sale of counterfeit items. Deputy Director/Legal Counsel at JIPO, Dr.  Marcus Goffe, said the use of counterfeit products not only robs IP owners of profits but can pose serious health risks. “When you engage...

The Patents and Design Act 2020, which takes effect by the end of the year, has paved the way for Jamaica to sign on to the Hague System, which will enable local industrial designers to secure international protection for their work in multiple jurisdictions. The legislation, passed in Parliament in January of last year, repeals and replaces the Patent Act...