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October 2023
 

18 October 2023

Senator the Hon. Aubyn Hill, Minister of Industry, Investment and Commerce.

Industry Minister Highlights Low Unemployment Rate

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 18 Oct 2023    admin   
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, is welcoming the decline in Jamaica’s unemployment rate, which stood at 4.5 per cent as of April 2023. Making his contribution to the State of the Nation Debate in the Senate on Friday (October 6), Senator Hill argued that the significant achievement of getting the unemployment down to this historical low is an achievement that affects every Jamaican everywhere. “The lowering of unemployment and the raising of the number of people in employment, pulls into the earning economy many Jamaicans from the lower levels of...


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The Government has targeted agriculture, manufacturing, tourism, healthcare, and the creative industries.

Gov't's duty-free import scheme for key sectors yields $1.4b in benefits

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 18 Oct 2023    admin   
A Government scheme that allows companies to import certain items duty-free in areas such as agriculture and tourism generated benefits totalling $1.4 billion for the period 2021 - 2023, Industry, Investment and Commerce Minister Aubyn Hill says. Senator Hill made the announcement during his contribution to the 2023/24 State of the Nation Debate in the Senate on Friday. The Productive Inputs Relief-Fiscal Incentive Regime scheme facilitates duty-free importation of specific items intended for productive use, as well as income tax relief to spur expansion of productive activities in the...


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Senator Aubyn Hill (third left) is joined by Pak’s Cosmetics CEO Peter Mudahy (centre) after a tour of the head office in Harlow Essex. From left are: Kelli-Dawn Hamiliton from the Jamaica Special Economic Zone Authority, Judith Slater, Britain’s high commissioner to Jamaica, Shullette Cox, JAMPRO’s president, Jeff Hussain, managing director of Beauty Logistics, and Ronald Barnes from Pak’s Cosmetics.

Jamaica good for investments, says minister

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 18 Oct 2023    admin   
LONDON: Senator Aubyn Hill, Jamaica’s minister of industry, investment and commerce, has promoted the island as a good place to do business as “it is the only country in the Western Hemisphere with a post-pandemic positive economic recovery rate”. He highlighted that Jamaica’s GDP was higher than it was in 2019; debt to GDP was also lower than it was in 2019, and the island’s unemployment numbers are at their lowest since the start of these statistics being counted. He also cited the recent upgrade of Jamaica’s credit rating from B+ to -BB by Standard and Poor’s (S&P) Global Ratings as a...


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Industry and Investment Minister Aubyn Hill delivering remarks at the Micro Small and Medium-sized Enterprises (MSME) Business Roadshow at the Golf View Hotel in Mandeville on Thursday, August 10, 2023. 

America’s capital market told Jamaica wants investments, not loans

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 18 Oct 2023    admin   
The capital market in America is getting a nudge that Jamaica wants investments, not loans with the acknowledgement that markets are rewarding Jamaica after years of painful adjustments. Industry, Investment and Commerce Minister, Senator Aubyn Hill, who is now in New York marketing the island as investment ready highlighted that Jamaica, which was viewed as an emerging markets “basket case” has now transformed into a standout case. “We had to go through very tough and bitter doses of medicine, fiscal medicine, to get our house back in order,” explained Minster Hill, speaking during in an...


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Shaniel May Brown.

What's in a name? Company name, business name & trademarks

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 18 Oct 2023    admin   
"What's in a name? That which we call a rose by any other name would smell as sweet." William Shakespeare, Romeo and Juliet If you asked Shakespeare, a name is quite irrelevant. If you ask a business, a name is very important especially as it relates to its brand and image. With a name being so valuable and fundamental, it is even more important to ensure that this name is protected by all means and that the name chosen is in compliance with the law. The name may be the company name, a trade name (also known as the business name) or a registrable trademark. Company name When incorporating a...


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Director of the Standards Division at the Bureau of Standards Jamaica, Julia Bonner Douett.

 

Director of Standards at BSJ Gets Badge of Honour for Meritorious Service

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 18 Oct 2023    admin   
Hailing from a small farming community in St. Andrew East Rural, Julia Bonner Douett always knew that her passion would, one day, lead to much success. The current Director of Standards at the Bureau of Standards Jamaica (BSJ), Mrs. Bonner Douett will grace the stage at the National Honours and Awards Ceremony, on October 16, to be pinned with a Badge of Honour for Meritorious Service for her contribution in the field of standardisation at the Bureau. Mrs. Bonner Douett tells JIS News that she feels “very blessed” to receive the honour from her country. Her current success, she says, is as a...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: ps_office@miic.gov.jm

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 

 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm