Ja Moves Up Five Places In Forbes Business Report
By: , January 25, 2016The Key Point:
Photo: Mark Bell
Prime Minister, the Most Hon. Portia Simpson Miller, addresses the audience at the official opening of Business Process Outsourcing (BPO) Company, Sutherland Global Services New Kingston offices on January 22.The Facts
- The country moved up from a ranking of 64th in the 2014 Report.
- This was disclosed by Prime Minister the Most. Hon. Portia Simpson Miller during the official opening of Business Process Outsourcing (BPO) Company, Sutherland Global Services New Kingston offices on January 22.
The Full Story
Jamaica has moved up five places, to be ranked 59th out of 144 nations in the 2015 Forbes Best Countries for Business Report, making it the top country in the Caribbean region to do business.
The country moved up from a ranking of 64th in the 2014 Report.
This was disclosed by Prime Minister the Most. Hon. Portia Simpson Miller during the official opening of Business Process Outsourcing (BPO) Company, Sutherland Global Services New Kingston offices on January 22.
The improved ranking means that the country has maintained its number one spot among Caribbean countries, as reflected in last year’s report.
This performance can be attributed to, among other things, the Government’s passage of new laws to encourage businesses, as well as the general improvement in the macroeconomic environment.
Forbes, a leading international business magazine, determined the Best Countries for Business by grading the nations on 11 different factors including: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Forbes said each category was equally weighted.
The report was also compiled using published reports, including the World Bank’s Doing Business Report and the World Economic Forum’s Global Competitiveness Report.