Author Archives: donovan.saunches

The Future Energy Source Company Limited (FESCO) has expanded its network to 18 service stations across the island, the most recent being the Coore’s Ferry FESCO Service Station on the Mandela Highway in Kingston. Since the company began operating its dealer-owned stations in February 2013, it has made a remarkable transformation and is currently valuedContinue reading “FESCO Opens New Service Station on Mandela Highway”

The National Certification Body of Jamaica (NCBJ) is undertaking a scope expansion project designed to broaden client service delivery. This was disclosed by Manager, Navenia Wellington-Ford, during a recent Jamaica Information Service (JIS) ‘Think Tank’ at the Agency’s Head Office in Kingston. The ‘Expansion of Certification Services by the National Certification Body of Jamaica’ projectContinue reading “National Certification Body of Jamaica Undertaking Service Expansion Project”

Jamaicans looking to go into the essential oil business can now access manufacturing space at the Jamaica Business Development Corporation (JBDC) production incubator off Marcus Garvey Drive in Kingston. The 2,400-square foot Essential Oil Incubator houses equipment and washing facilities to process raw materials and extract the oil manually or electronically. Other machinery includes anContinue reading “JBDC Opens Essential Oil Incubator”

Sixty micro, small and medium-sized enterprises (MSMEs) have benefited from critical support to grow their businesses under the Jamaica Business Development Corporation (JBDC) 2022 Accelerator programme. The entity partnered with the Development Bank of Jamaica (DBJ) to deliver cohort four of the programme at a cost of $60 million. The intensive training, undertaken over sixContinue reading “60 MSMEs Trained Under JBDC Accelerator Programme”

The Micro, Small and Medium-Sized Enterprise (MSME) and Entrepreneurship Policy, which is up for review in 2023, will provide an opportunity for improvements to ensure greater financial inclusion, particularly for persons with disabilities. The Policy, prepared by the Ministry of Industry, Investment and Commerce, was last updated in 2018. It creates a framework that offersContinue reading “MSME and Entrepreneurship Policy Review Will Provide Greater Financial Inclusion for Disabled Persons”

MONTEGO BAY, St James — Potential investors in Jamaica’s real estate sector will soon have an easier time identifying opportunities through a soon-to-be-developed land bank. Vice-president in charge of research, advocacy and project implementation at Jampro, Shullette Cox briefly spoke about the initiative during her presentation at the Invest Jamaica 2022 Business Conference on Tuesday.Continue reading “Gov’t putting together land bank for investors”

Permanent Secretary in the Ministry of Industry, Investment and Commerce, Sancia Bennett-Templer, says Jamaica’s business community, including micro, small and medium-sized enterprises, responded well to the many global challenges caused by COVID-19 and the Russia-Ukraine war. “This, coupled with the Government’s strong fiscal policies and financial support to vulnerable sectors, ensured that Jamaica now hasContinue reading “Business Community Responded Well to COVID-19 Challenges – Permanent Secretary”

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon Norman Dunn, says the Government remains committed to facilitating an enabling environment for investments and business development in Jamaica. Speaking at the official opening of Amazing Concrete Finishes’ (ACF) western office in Montego Bay, St James, on Saturday (November 26), Dr.Continue reading “Gov’t Remains Committed to Facilitating an Enabling Business and Investment Environment”

HE Consumer Affairs Commission’s (CAC) complaints division has for calendar year 2022 handled 1,201 complaint cases to date, of which 906 were resolved. This reflects a resolution rate of 75.43 per cent. In resolving these complaints, the CAC said it was able to secure $28,661,574.77 in compensation/refund on behalf of aggrieved consumers. In response toContinue reading “CAC secures $28m for aggrieved consumers”

Investment Minister Aubyn Hill has expressed confidence that the National Investment Policy (NIP), which is to be tabled in Parliament soon, will create a smooth path for prospective investors to do business in Jamaica and reduce corruption. “The NIP … is designed to make sure we have a clear direction as to what we wantContinue reading “Hill: Nat’l Investment Policy to boost growth, reduce corruption”