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Jamaican Government Looking To Re-Energise Engagement With Private Sector To Benefit Jamaica’s Trade Results.

The Jamaican Government is increasing its engagement with the Private Sector Organisation of Jamaica (PSOJ) and the Jamaica Manufacturers and Exporters’ Association (JMEA) on trade issues. The move is in keeping with measures geared at bolstering Jamaica’s trade objectives, this as the Government is looking to a new and re-energised engagement with the private sector […]

China Now The Biggest Source Of Foreign Direct Investments For Jamaica.

Bilateral trade between Jamaica and the People’s Republic of China increased from US$58 million in 2000, to US$382 million in 2017. This, according to Commercial Counsellor, Economic and Commercial Counsellor’s Office, Embassy of the People’s Republic of China in Jamaica, Jianghong Fan. He notes that Jamaica remains his country’s largest trading partner in the English-speaking […]

Stanley Motta’s Set To Be First Listed Company In Jamaica’s History With Female-Dominated Board

Stanley Motta Ltd, a company effectively owned and controlled by the Musson Group and Harbour Street Properties Ltd, is seeking to raise just over $4 billion Jamaican dollars via an initial public offering of some 758 million ordinary shares. Encouraged by the uptick in Business Process Outsourcing demand for space, Stanley Motta is opening their […]

Stanley Motta’s Ultra-Modern 58 HWT Tech Park Compound, Largest BPO Facility In English-Speaking Caribbean.

Encouraging the uptick of BPOs is the opening of the ultra-modern 58 HWT Tech Park on Half-Way-Tree Road, Kingston. Operated by Stanley Motta Limited, the compound is the largest BPO facility in the English-Speaking Caribbean. The centre boasts more than 230,000 square feet of office space for BPOs and other technology-based companies, along with associated […]

Jamaica’s Business Process Outsourcing Pumping US$323 Million Into Local Economy Annually

Pumping more than US$323 million into the local economy annually, business process outsourcing (BPO) has been booming in Jamaica for more than 10 years. Being one of Jamaica’s largest burgeoning industries, with an excess of 50 companies, employing more than 25,000 people islandwide, the BPO sector continues to improve its profit share. Just recently, Jamaica […]

Musk and Tesla Have Been Busy Shaking Up The Auto Industry

While traditional carmakers worry about trade wars, Tesla Inc. has been busy shaking up the auto industry in a different way. The company built more than 5,000 Model 3 sedans in the last week of the second quarter, finally exceeding a long-sought production target critical for Elon Musk’s goal of bringing electric cars to the […]

Derrimon Trading Reporting 143% Increase In Net Profits For 2017

Derrick Cotterell, Chairman and Chief Executive Officer for Derrimon Trading is describing their 2017 Financial Year as another successful year. It also represented the first year they were presenting Group Financial Statements, accounting for the acquisition of an additional 26% holding in Caribbean Flavours & Fragrances bringing their total ownership to 75% thus, making it […]

Amazon’s Long-Awaited Invasion Of The Pharmacy Business Has Begun.

Amazon today said it was buying mail-order drug-seller PillPack for an undisclosed sum, ending many months of speculation and anxiety in the health-care business that Amazon, Destroyer of Industries, was coming for drugstores next. Turns out it is! Shares of pharmacies and pharmacy benefit managers Rite Aid Corp., CVS Health Corp. and Express Scripts Holding […]

Government’s Logistics Hub Initiative Aims To Positon Jamaica As The Fourth Node On The Global Supply Chain

Chairman of the Jamaica Special Economic Zone Authority (JSEZA), Metry Seaga, says the entity is midway through an audit of over 200 free zone companies which are being transitioned to Special Economic Zone (SEZ) status. Mr. Seaga notes that the transition process, which is being spearheaded by the JSEZA, has an October 2019 completion timeline. […]

Everything Fresh Gearing Up To Enter The Export Market

Everything Fresh Limited (EFRESH) is the second company to list ordinary shares on the JSE Junior Market in 2018, increasing the total listed companies in that market to 36. Including EFRESH, the number of securities listed on the Junior Market will increase to 41. The total number of companies listed on the JSE will increase […]