Jamaican businesses are being encouraged to take advantage of the island's existing trade agreements to boost competitiveness and expand into new markets. Vice President, Exports, Jamaica Promotions Corporation (JAMPRO), Sonja Linton, highlighted the significant opportunities available through these agreements, many of which, she said, are currently underutilised. She was speaking at the Business Acceleration Centre (BAC) Accelerator Series at the...

Amid rising fears of trade tensions, local firms are being urged to prioritise supply chain mapping to spot potential supply disruptions and develop contingency plans. Senior Director, Regulations, Policy, Monitoring and Enforcement at the Jamaica Special Economic Zone Authority (JSEZA), Ainsley Brown, in making the call, said that supply chain mapping was a successful strategy for businesses during the COVID-19...

In light of evolving global trade dynamics and recent trade tensions involving the United States (US), Jamaican businesses are being strongly encouraged to proactively diversify their markets, exploring both regional and international opportunities. Senior Director, Regulations, Policy, Monitoring and Enforcement at the Jamaica Special Economic Zone Authority (JSEZA), Ainsley Brown, has highlighted the United Arab Emirates (UAE) as a particularly...

As the filing period for the 2024 tax season approaches, the Jamaica Business Development Corporation (JBDC) and Tax Administration Jamaica (TAJ) will once again partner to provide essential guidance to entrepreneurs and business owners through their annual ‘Tax Talk’ sessions. The tax season runs from January to December, while the corresponding filing period begins in March the following year. The...

The Jamaica Business Development Corporation (JBDC) is taking its Digital Jamaica Training initiative beyond urban centres into rural communities. This is intended to ensure that entrepreneurs islandwide benefit from provisions focused on digitisation, digitalisation and digital transformation. The move aligns with Jamaica’s national digital plan, which aims to bridge the digital divide, enhance education access and drive technological innovation in...

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, is encouraging banks to respond to the reduction in interest rates by the Bank of Jamaica (BOJ), by lowering their interest rates. Last August, the Central Bank reduced its benchmark policy rate by 25 basis points, bringing the rate from seven per cent to 6.75 per cent per annum....

Shoppers are being encouraged to share receipts for purchases with the Consumer Affairs Commission (CAC) as the entity intensifies efforts to ensure that vendors comply with the Consumer Protection Act. “Fax them to us, e-mail them to us, post them online; send us your receipts,” said Director of Research at the CAC, Racquel White, in an interview with JIS News....