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April 2023
 

06 April 2023

Imagine trying to use your credit card on Amazon, or another site, to purchase something which you cannot obtain here and being told that your credit card is not recognised because it is a Jamaican credit card; that is the level to which we would be placing our country at risk, Senator Kamina Johnson Smith said on Friday as the Upper House passed amendments to the Companies Act to strengthen Jamaica's anti-money laundering and combating financing of terrorism framework.

Senate gives nod to Companies Act amendments

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 06 Apr 2023    user   
THE Senate on Friday passed amendments to the Companies Act to strengthen Jamaica's anti-money laundering and combating financing of terrorism (AML/CFT) framework, to stave off the threat the country faces of being blacklisted if it fails to beef up these guardrails to meet international obligations. Stressing the importance of passing the legislation now, Leader of Government Business in the Upper House, Senator Kamina Johnson Smith pointed out that not only the Government, but businesses and individuals could, for example, be blocked from online transactions if Jamaica remains grey-listed...


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Leon.

More entrepreneurs choosing company status

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 06 Apr 2023    user   
SHELLIE LEON, CEO and registrar (acting interim) of the Companies of Jamaica (COJ), is encouraged by the commitment of entrepreneurs to positioning their businesses for continuity and expansion as seen in an 11 per cent increase in the number of companies incorporated for 2022. Data from the COJ shows that 5,412 new limited liability companies were incorporated in 2022, making it a record year for the number of new entrants being added to the Register of Companies in any given year. However, new sole proprietorship and partnership business registration declined by seven per cent, with a total...


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Metry Seaga (right), PSOJ President, and Minister of Industry Investment and Commerce, Senator Aubyn Hill. (Photo: Joseph Wellington)

PAY BETTER: Hill calls out companies to improve salaries

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 06 Apr 2023    user   
Minister of Industry, Investment and Commerce Aubyn Hill is calling on Jamaican employers to pay their employees better as part of efforts to stem the migration of skilled labour and to attract and keep workers to avert a crisis that is threatening continued economic growth. "If you're not paying the right price, you not going to find any [workers] and you going to lose the ones that you've trained," Hill said as he joined a discussion at the Terra Nova Hotel in St Andrew Tuesday amongst stakeholders at the Private Sector Organisation of Jamaica's (PSOJ) president breakfast forum. The forum...


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‘Play by the rules’ when doing business in other countries

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 06 Apr 2023    user   
Minister of Industry, Investment, and Commerce, Senator Aubyn Hill says that Jamaicans doing business in other countries ‘must play by the rules’ as they work to achieve success in their endeavours. “Live properly, clean, and don’t mess with the law. Make sure you follow the path in every country you operate in,” he said. “Don’t break the rules. People who are in business must play by the rules. If you want to go to Britain, don’t come home and tell me that you messed up the rules. Play by the British rules. You go to the Unites States, you go to Trinidad, you to Guyana, you play by the rules...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, speaks at a Jamaica Information Service (JIS) ‘Think Tank’, held today (April 4), at the Agency’s Head office in Kingston.

Hundreds of Participants Register for Expo Jamaica

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 06 Apr 2023    user   
Three hundred and seventy-four participants from across the world have registered for the 48th staging of Expo Jamaica, the largest exhibition and trade show in the Caribbean. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the announcement while speaking at a Jamaica Information Service (JIS) ‘Think Tank’, held today (April 4) at the Agency’s Head office in Kingston. The Expo, which will be held in the National Indoor Sports Centre and the National Arena, Kingston, from Thursday, April 27 to Sunday, April 30, will allow Jamaican businesses to meet buyers from...


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Chief Executive Officer, Consumer Affairs Commission (CAC), Dolsie Allen.

Debt Collectors Urged to Act Professionally

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 06 Apr 2023    user   
Debt collectors are being urged to carry out their duties in a professional manner. A debt collector is a person or organisation that is in the business of recovering money owed on delinquent accounts. Addressing a recent Jamaica Information Service (JIS) Think Tank at the agency’s head office in Kingston, Chief Executive Officer, Consumer Affairs Commission (CAC), Dolsie Allen, said there are some debt collectors who treat consumers unfairly. “Sometimes, the way in which they respond to persons, they treat you as if… you are such criminals and they come and they do things that are illegal...


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Interim Chief Executive Officer, Jamaica Special Economic Zone Authority (JSEZA), Kelli-Dawn Hamilton.

JSEZA Big on Training

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 06 Apr 2023    user   
Training is a “big part” of how the Jamaica Special Economic Zone Authority (JSEZA) operates. In an interview with JIS News, Interim Chief Executive Officer (CEO), JSEZA, Kelli-Dawn Hamilton, informed that major focus is placed on providing on-the-job training for staff. “We have a very robust internship programme here at the Special Economic Zone Authority and when our youngsters come in as interns, there is a clear training path that will see us moving [them] through the organisation,” she added. She pointed out that in any institution where training is a priority and team members are well...


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Chief Executive Officer, Jamaica National Agency for Accreditation (JANAAC), Sharonmae Shirley.

JANAAC Now Offers Accreditation for Certification Bodies Locally and Overseas

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 06 Apr 2023    user   
The Jamaica National Agency for Accreditation (JANAAC) has taken the initiative to broaden the scope of its services and now offers accreditation for certification bodies both locally and overseas. During a recent interview with JIS News, Chief Executive Officer (CEO), Sharonmae Shirley, said that they have been, year on year, expanding all services to meet the needs of target markets. “We don’t have many accredited certification bodies in Jamaica and in the region, and so we took the decision for JANAAC to begin to offer this service and we put the necessary framework in place,” she added...


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Chief Executive Officer of the Consumer Affairs Commission (CAC), Dolsie Allen, addresses a recent Jamaica Information Service (JIS) ‘Think Tank’.

Consumers Encouraged to Check Credit Bureaus Regularly

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 06 Apr 2023    user   
The Consumer Affairs Commission (CAC) is encouraging citizens to do regular checks with credit bureaus, to ensure that the information on file is accurate. A credit bureau is an agency which collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies. It provides comprehensive consumer credit information with value-added services, such as credit scores, to private lenders. Chief Executive Officer (CEO), CAC, Dolsie Allen, told JIS News that Jamaicans are permitted one free credit report per year. “You are to...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addresses the University of Technology (UTech) Jamaica’s 41st annual marketing seminar at the Jamaica Conference Centre in downtown Kingston, on Wednesday (April 5). Seated is Seminar Day Programme Lead, Alanis Blake.

MSMEs Benefit from $13 Billion in Gov’t Funding Support

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 06 Apr 2023    user   
A total of $13 billion in affordable loans and credit guarantees were provided for Micro, Small and Medium-sized Enterprises (MSMEs) by the Government during fiscal year 2022/23. This was disclosed by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, during the University of Technology (UTech) Jamaica’s 41st annual marketing seminar at the Jamaica Conference Centre in downtown Kingston, on Wednesday (April 5). The provision formed part of Government’s efforts to improve MSMEs’ access to financing. Senator Hill said the Ministry, through the National Export-Import (...


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State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn.

Red Stripe’s Expansion Project an Export Boost – Dr. Dunn

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 06 Apr 2023    user   
State Minister for Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, has welcomed Red Stripe’s Cellars Expansion for Beer (CERS) Production Project, which has increased the company’s brewing capacity, as creating a boost for Jamaica’s exports. “This significant investment in Jamaica’s manufacturing landscape has positive implications for export, which the Ministry wholeheartedly embraces and supports,” he said. Dr. Dunn was speaking at the recent launch for the project at the company’s plant on Spanish Town Road in Kingston. Undertaken at a cost of $2.2 billion, the project is...


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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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For general enquiries, requests for information, or assistance with ministry services, policies or programmes, contact: information@miic.gov.jm
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The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm