Prime Minister, the Most Hon. Andrew Holness, has hailed Sandals’ multibillion-dollar resort investment as a signal of confidence in the local tourism sector. He said that the extensive construction and renovation undertaking is an indication that Jamaica’s tourism sector “is bouncing back and recovering stronger”. “The business community is investing and there is a sense and expectation that there will...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says Jamaica being a signatory to the Madrid Protocol will be a massive game changer for the country’s Blue Mountain coffee brand on the world stage. Speaking at the Jamaica Coffee Exporters’ Association (JCEA) virtual strategic forum for the coffee industry on May 19, Mr. Shaw said the Protocol will see...

Agriculture and Fisheries Minister, Hon. Floyd Green, says Jamaica’s agricultural sector is poised to benefit significantly from more than $350 million in additional investments that have been programmed by several business entities. He outlined details of these during his 2021/22 Sectoral Debate presentation in the House of Representatives on Wednesday (May 12), under the theme ‘The New Face of Food’....

The Government is working on the development of a framework for the introduction of an Economic Residency Programme to grant residency to foster investment. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the announcement during his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. He said the undertaking is being done by...

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...