Author Archives: donovan.saunches

Minister of Industry, Investment and Commerce, the Hon. Audley Shaw this morning delivered remarks at the GII Webinar – On Innovation & Economic Resilience: Opportunities for Jamaica. The webinar was organized by the World Intellectual Property Organization (WIPO) in cooperation with the Jamaica Intellectual Property Office (JIPO) of the Ministry of Industry, Investment and CommerceContinue reading “Jamaica ranked 72nd on the Global Innovation Index 2020”

The Government is working on the development of a framework for the introduction of an Economic Residency Programme to grant residency to foster investment. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the announcement during his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. He said theContinue reading “Programme In Train To Grant Residency To Foster Investment”

By the end of the fiscal year, several processes will be fully automated on the National Business Portal (NBP). The NBP, an initiative being handled by JAMPRO, will house the Business-to-Government (B2G) online interface for all public-sector entities involved in the investment or business facilitation processes. These include registration of pharmaceutical products; accessing the productiveContinue reading “Several Business Processes To Be Fully Automated”

The Government will be advancing the National Sourcing Policy to rebalance shortfalls in the impact of Foreign Direct Investment on economic growth in Jamaica. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, gave this update during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (MayContinue reading “Government To Advance National Sourcing Policy”

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Cannabis Licensing Authority (CLA) has granted 78 licences, to date, with 13 issued in the 2020/21 financial year. He gave the update during his contribution to the Sectoral Debate in the House of Representatives on Tuesday (May 11). Minister Shaw said that the licencesContinue reading “CLA Has Granted 78 Licences”

The Ministry of Industry, Investment and Commerce has earmarked $1 billion to fund the ‘Go Digital’ initiative, being spearheaded by the Jamaica Business Development Corporation (JBDC) to support small businesses. Speaking in the 2021/22 Sectoral Debate in the House on May 11, under the theme ‘Overcoming Challenges: Recovering Stronger and Faster’, Portfolio Minister, Hon. AudleyContinue reading “$1 Billion Allocated For ‘Go Digital’ Initiative To Support Small Businesses”

The Ministry of Industry, Investment and Commerce will be harnessing opportunities to advance the trade sector. This was noted by Minister of Industry, Investment and Commerce, Hon. Audley haw, during his 2021/22 Sectoral Debate presentation in the House of Representatives on May 11. “Several significant initiatives and programmes were mobilised to realign our strategic prioritiesContinue reading “Industry Ministry To Advance Trade Sector”

The Jamaica Promotions Corporation (JAMPRO) recorded injection of US$200 million in Local Direct Investment (LDI) and Foreign Direct Investment (FDI) into the local economy during the last financial year and the creation of almost 6,500 new jobs. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the disclosure in his 2021/22 Sectoral Debate presentationContinue reading “JAMPRO Facilitates Us$200 Million In Local And Foreign Direct Investments, 6,500 New Jobs”

A Bill is being drafted to amend the Companies Act to allow a company in Jamaica to hold general meetings, whether annual general meetings (AGMs) or extraordinary general meetings (EGMs), as hybrid meetings, that is in-person and virtually, or as completely electronic meetings. This Bill will match the transition the world has taken on, asContinue reading “Companies Act To Be Amended To Accommodate Virtual Meetings”

Minister of Industry, Investment and Commerce,  Hon. Audley Shaw, says the Government will continue to work towards implementing the National Five-Year Agribusiness Strategy. Making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), Mr. Shaw said the Strategy aims to establish a modern and profitable agribusiness sector inContinue reading “Work Continues On National Five-Year Agribusiness Strategy”