Category Archives: News

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn on Friday (November 18) toured Seprod’s Milk and Dairy Production Plant in St. Catherine, as part of activities to mark World Antimicrobial Resistance Week. World Antimicrobial Resistance Week is being observed from November 18 -24, under the sub-theme ‘AntimicrobialContinue reading “Dr. Dunn Tours Seprod’s Milk and Dairy Production Plant”

MINISTER of state in the Ministry of Industry, Investment and Commerce Dr Norman Dunn has declared that the Government has embarked on a game changing move with its decision to allow the use of intellectual property (IP) as collateral. “This undertaking is a bold and audacious endeavour that will potentially transform the business landscape andContinue reading “BOLD MOVE: Gov’t pushing plan allowing MSMEs to use intellectual property as collateral for loans”

The Jamaica Intellectual Property Office (JIPO) is upbeat about the prospect of commercial banks accepting intellectual property (IP) as collateral to provide financing to micro, small and medium-sized enterprises (MSMEs). At the most recent Jamaica Observer Press Club where the concept of IP-backed financing to access business loans was discussed, JIPO’s Project Manager Kayanne Anderson stressedContinue reading “JIPO upbeat banks will accept IP as loan insurance”

The Jamaica Business Development Corporation (JBDC) will be launching a creative voices survey later this month to obtain empirical data on the cultural and creative industries (CCI). Deputy Chief Executive Officer (JBDC) Harold Davis said that the survey will help to provide an economic impact assessment of the sector. “It’s important to understand that ifContinue reading “JBDC to measure economic impact of creative, cultural industries”

Electrical products distributor and pipe manufacturer FosRich Company Limited has been hailed by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, for its progressive business model. “FosRich has grown by leaps and bounds with new products, new locations, new partners, and an increase in employment from three employees. I have no hesitationContinue reading “FosRich Company Limited Lauded for Business Model”

Jamaica Manufacturers and Exporters Association (JMEA) members are being encouraged by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, to capitalise on the country’s export opportunities, Speaking during a tour of the Wisynco Group’s state-of-the-art manufacturing plant in St. Catherine on Wednesday (November 9), Senator Hill said there is a US$4.5 billionContinue reading “Industry Minister Encourages JMEA Members to Export More”

Agribusiness operators are being encouraged to utilise the EXIM Bank’s ‘Energy Loan’ product to retrofit their operations to accommodate energy efficiency fixtures, energy conservation and alternative energy projects. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the call during his address at the launch of the Global Entrepreneurship Network (GEN) JamaicaContinue reading “Agribusiness Operators Encouraged to Retrofit Operations”

The Global Services Sector (GSS) is boasting a 270 per cent increase in the number of jobs created over a five-year period, moving from 17,000 in 2016 to more than 46,000 jobs that were created in 2021. This was disclosed by Acting Deputy Director at the HEART/NSTA Trust, Dr. Marcia Rowe-Amonde, at the GSS ApprenticeshipContinue reading “Massive Increase in Employment in Global Services Sector”

A total of 119 trainees, comprising batch two of the Global Services Sector (GSS) Apprenticeship Programme, have completed a 12-month certification course aimed at developing their supervisory management skills. The trainees were acknowledged during a graduation ceremony at the Jamaica Promotions Corporation (JAMPRO) auditorium in Kingston on Thursday (November 3). An initial 114 trainees graduatedContinue reading “119 Additional Trainees Graduate from GSS Apprenticeship Programme”

The National Compliance and Regulatory Authority (NCRA) is playing a key role in ensuring that Jamaica has a strong national quality infrastructure (NQI) that creates opportunities for expanding trade, which is crucial to economic development. The NQI is a platform to strengthen the quality and standard threshold for locally produced goods and services based onContinue reading “National Compliance and Regulatory Authority a Key Part of the Quality Infrastructure”