Minister of Industry, Investment and Commerce, Karl Samuda is urging business people in Canada to look to Jamaica, noting that Jamaica has a lot to offer investors.
JAMAICA’S Minister of Finance and the Public Service Audley Shaw says the Government will be pushing hard to achieve healthy economic growth during the current financial year, now that it has achieved macroeconomic stability.
A deal which may well see Prove Investments acquire Guardian Asset Management Jamaica (GAM) is expected to be concluded by the end of August said CEO of Guardian Holdings Jeffery Mack. Guardian Holdings is the parent company of the Jamaican arm of GAM.
LOCAL IMF representative Dr Gene Leon, in a presentation to the Jamaica Chamber of Commerce (JCC) last week, stated that whilst he did not want to pre-empt his colleagues, recent improving macroeconomic data suggests that Jamaica is likely to pass the upcoming IMF test (an IMF team will come to the island in August.)
"A deeper dialogue on all relevant trade issues, including the identification of opportunities for investment in Jamaica," were among assurances that Jamaica's Ambassador to the United States, Audrey Marks, received from the U.S. Trade Representative Ambassador Ron Kirk. Ambassador Kirk is a member of the Cabinet of the President of the United States of America, and is the Chief Advisor to the President on all trade issues.
RBTT Bank Jamaica Limited has announced a reduction in its prime lending rate, which will cut the cost of borrowing by 225 basis points. As of August 1, the Bank's prime lending rate will move from 20.5 per cent down to 18.25 per cent.
Alarge percentage of consumers are most effectively reached by advertising on the Internet, particularly since access to various mobile devices with Internet capabilities has become very widespread in Jamaica. Google’s search engine is also regarded by many as the consummate search engine and many other websites with search capabilities pay close attention to Google’s business model.
FORMER banker Aubyn Hill said Government had no choice but to offload Air Jamaica to Trinidad-based Caribbean Airlines Limited (CAL), noting that the national carrier was just too expensive to maintain.
AMERICAN computer manufacturer HP yesterday launched a set of bundled network products in Jamaica that it says will slash start-up costs up to 65 per cent.
JAMAICA is projected to grow 10 times slower than the region in 2010, according to Business Observer analysed data from the Economic Commission for Latin America and the Caribbean (ECLAC) released last week.
BROADBAND communications provider Flow will continue to invest millions of US dollars every year in Jamaica over the next few years and regards the country as a long-term investment with healthy returns confidently manifesting themselves in around 20 years' time.
Homestyles Jamaica, which produces microwavable Jamaican dishes, plans to start exporting next year in a bid to boost profitability at the seven year-old operation.
Industry Minister Karl Samuda encouraged Chinese investors to take advantage of the potentially lucrative big business opportunities in Jamaica at the recent Trade and Investment Forum at the Grand Hyatt Hotel in Shanghai, China which was hosted by JAMPRO against the backdrop of World Expo 2010 Shanghai.
Foreign Direct Investments (FDI) into Jamaica fell by 26 per cent in 2009 to just over US$1 billion, according to figures released yesterday by the United Nations Conference on Trade and Development (UNCTAD).
Flow, Jamaica's broadband communications provider, unveiled a new suite of business services for Jamaican customers, including a Hi Tec, E-Commerce Data Park in Curacao for offshore data storage and protection, at a briefing with senior journalists yesterdayat its head office in New Kingston.
Minister of Tourism Edmund Bartlett declared on Wednesday that Jamaica's tourism product enjoys 52 per cent repeat visitor arrivals making it the highest in the region.
The Jamaica National Group, the Caribbean's largest building society saw a moderate increase in its after tax surplus for the 2010 year ended March 31, says General Manager Earl Jarrett.
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