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...

Micro, small and medium-sized enterprises (MSMEs) are to benefit from the issuance of 86 bank guarantees during the upcoming financial year. This is being facilitated through the Credit Enhancement Programme with a $440-million allotment in the 2021/22 Estimates of Expenditure, now before the House of Representatives. The Credit Enhancement Programme seeks to promote productive investments in MSMEs in Jamaica by...

It is with a deep sense of sadness that I learnt of the passing of Greta Bogues – interim CEO for the Private Sector Organization of Jamaica, (PSOJ). Greta was a stalwart in the private sector and a true servant of Jamaica who could be relied on to give her all in any effort with which she was tasked. Her...

President of the American Chamber of Commerce of Jamaica (AMCHAM), Ann-Dawn Young Sang, is inviting United States (US) investors to look to Jamaica. She said that the country’s various competitive advantages – its near-shore offerings with being approximately 90 minutes from the closest US border, its strong services industry, dynamic marketplace and rigorous implementation of various coronavirus (COVID-19) protocols, among...