Shaw calls for improved productivity to enhance workers’ wealth

From left, Deputy Chairman of First Rock Capital Resource Limited, Philip Martin, and Dr. Michael Banbury, Co-founder and Chairman of First Rock Capital Holdings, converse with the Hon. Audley Shaw, Minister of Industry, Commerce, Agriculture and Fisheries, at the First Rock Capital Holdings IPO Investors Briefing, held in St. Andrew on January 9, 2020. In addition to Jamaica, First Rock has investments in Cayman, Costa Rica and the United States. Its IPO will open on January 13 and is aimed at attracting and investing some $2 billion.

Minister of Industry, Commerce, Agriculture and Fisheries, Hon Audley Shaw, has emphasised the need for improvement in the country’s productivity as a means of enhancing workers’ wealth.
“We have to focus on improving the quality and productivity of country so that our workers can get a better paycheque that can enhance their own wealth in a productive way,” said Minister Shaw.
Speaking at the First Rock Capital Holdings Investors Brief in St. Andrew on January 9, Minister Shaw stated that the country needed to change its focus to that of building wealth in the brain of its population where we can think rich.
While commending the company for its initiative and enterprising investment in the real estate industry, Minister Shaw said that First Rock’s initial public offering was a further step in the advancement and economic development of Jamaica.
Jamaica, Min Shaw said, is encouraging equity ownership, even as he reiterated the fact that Jamaica’s stock exchange was listed among one of the best performing stock exchanges in the world.

First Rock Capital Holdings is an investment holding company focusing on real estate with investments in Cayman, Costa Rica, the United States and Jamaica. It commenced its commercial operation in the first quarter of 2019 and will open its initial public offering on January13 aimed at attracting and investing some $2 billion.

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