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Technology Coming to Reduce Internet Service Costs

The country is expected to save more than US$2 million per year, with the creation of the Jamaica Internet Exchange Point (IXP), scheduled for implementation by the end of July. An IXP allows local Internet service providers to exchange Internet traffic between their networks at a reduced cost. Making the…

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Companies Urged to Place More Emphasis on Branding

Companies are being urged to place more emphasis on branding, particularly the goods and services they produce, to achieve large returns. Making the call, Minister of Industry, Investment and Commence, Hon. Anthony Hylton, emphasised that branding should not be an add-on exercise, but a position that involves both leadership and…

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JAMPRO Hosts Business Opportunities Seminar

Jamaica Promotions Corporation’s (JAMPRO) capacity targeting increased exports has been significantly boosted by its acquisition of market research data relating to the United States, one of the country’s largest trading partners. The research, commissioned by American airline, Delta, was undertaken across the Caribbean during the latter half of 2013 by…

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Clearer Understanding of Logistics Hub

A significant number of senior business executives and leaders say they now have a clearer understanding of the Jamaica Logistics Hub initiative, and how it can facilitate unprecedented growth and economic prosperity. Speaking at a press briefing, held at the Office of the Prime Minister on January 29, Minister of Industry,…

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SIPP Registry and Business Super Form Available January 2

Come January 2, persons can begin to register their collateral, including non-traditional assets, with the Security Interests in Personal Property (SIPP) Registry and also access the super form for ease of business transactions. Both instruments are being implemented by the Government through the Companies’ Office of Jamaica (CoJ). They form…

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State Minister Ffolkes-Abrahams Welcomes Growth of Franchises

State Minister for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has welcomed the growth of overseas-owned franchises in Jamaica, particularly entities partnering with local stakeholders. Such development, she said, is testament of the “attractiveness” of Jamaica’s market, and is a “positive signal to prospective investors, who may be considering Jamaica…

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Gov’t Targets Significant Growth in BPO Sector

Government is targeting the build-out of approximately one million square feet of space over the next three to five years, in an effort to attain its goal of doubling the size of the business process outsourcing (BPO) sector in Jamaica. This was revealed by Industry, Investment and Commerce Minister, Hon.…

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House Passes Bill to Provide Easier Access to Loans for Businesses

A Bill aimed at facilitating easier access to loans for businesses was passed Tuesday, December 3, in the House of Representatives. The Security Interest in Personal Property Act (SIIP), which is a requirement under the agreement between the Government of Jamaica and the International Monetary Fund (IMF), was passed with…

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Prepare For Employment Opportunities Under Logistics Hub Project

Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, is urging Jamaicans to prepare to take advantage of the range of employment opportunities to emerge from the logistics hub initiative. “Huge employment potential is on the way,” she stated. “We won’t have to migrate (in search…

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Commerce Minister Calls for Small Business to Formalize Operations

Minister of Industry, Investment, and Commerce, Hon. Anthony Hylton, has called on small business owners to formalize their operations to benefit from offerings under the new Micro, Small and Medium Enterprise (MSME) Entrepreneurship Policy. The Minister was addressing a recent Think Tank held at the Jamaica Information Service (JIS) head…

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MSME Policy Crucial To Growth Agenda – Minister Hylton

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the recently passed Micro, Small and Medium Enterprise (MSME) Entrepreneurship Policy is geared towards linking all the crucial sectors of the economy to ensure growth. “One of the opportunities it provides is to make clear that some of the big…

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BSJ Makes it Easier for Importers to Pay Fines

Importers in breach of the labeling regulations of the Bureau of Standards Jamaica (BSJ) will soon find it easier to pay fines associated with such breaches. Director of the Regulatory Division at the BSJ, Orine Henry Blair, said that a new system will be rolled out this month “where everything…

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Local Entrepreneur Launches Brand of Condiments

A hot new brand of delicious Jamaican sauces and jams intended for the local and export markets, was launched at the offices of Jamaica Promotions (JAMPRO) in Kingston on Thursday, October 31. Heneka Watkis-Porter, who also owns the Patwa Apparel Company, is producing a line of condiments under the ‘10…

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Country Poised to Meet 2015 Deadline – Minister Hylton

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has indicated that the country is poised to meet its 2015 deadline for the implementation of several critical deliverables relating to facilitation of the Logistics Hub initiative. Speaking at a JIS ‘Think Tank’, on September 27, the Minister pointed to several…

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