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”
Category Archives: News
CLA Has Granted 78 Licences
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”
Companies Act To Be Amended To Accommodate Virtual Meetings
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”
JAMPRO Facilitates Us$200 Million In Local And Foreign Direct Investments, 6,500 New Jobs
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”
Programme In Train To Grant Residency To Foster Investment
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”
CAC Secures $22 Million For Aggrieved Consumers
The Consumer Affairs Commission (CAC) secured approximately $22 million in refunds and compensation on behalf of aggrieved consumers who transacted business with product and service providers during 2020/2021. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, who made the disclosure while making his contribution to the 2021/22 Sectoral Debate in the House of RepresentativesContinue reading “CAC Secures $22 Million For Aggrieved Consumers”
Major Investment By Cement Company To Boost Construction Sector
Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Caribbean Cement Company Limited’s planned investment of another $1.75 billion, will contribute to the continued development of the construction sector. The company plans to invest this sum over the next three years to improve its efficiencies and continue to increase its capacity. “This expansionContinue reading “Major Investment By Cement Company To Boost Construction Sector”
Work Continues On National Five-Year Agribusiness Strategy
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”
Minister Shaw To Open Debate On Trademarks Act Amendment
Industry, Investment and Commerce Minister, Hon. Audley Shaw, is slated to open debate on the proposed amendment to the Trademarks Act during today’s (May 12) sitting of the House of Representatives. The amendment, which was tabled in the House by Mr. Shaw on April 13, will support Jamaica’s accession to the Madrid Protocol, which willContinue reading “Minister Shaw To Open Debate On Trademarks Act Amendment”
EXIM Bank To On-Lend $5.5 Billion To Productive Sector
The EXIM Bank plans to on-lend approximately $5.5 billion to the productive sector during the financial year. Industry, Investment and Commerce Minister, Hon. Audley Shaw, made the disclosure during his 2021/22 Sectoral Debate presentation in the House of Representatives on Tuesday (May 11), under the theme ‘Overcoming Challenges: Recovering Stronger and Faster’. In addition, heContinue reading “EXIM Bank To On-Lend $5.5 Billion To Productive Sector”
