Home Tag "Audley Shaw"

Jamaican Government To Tap Into Estimated JA$45 Billion In Unclaimed Funds Lying Dormant In Accounts Of Local Commercial Banks, For MSME Sector.

Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw says the Government, is expected to tap into a third of an estimated $45 billion in unclaimed funds lying dormant in accounts of local commercial banks. The Minister is reported to have said that it was time to stop paying lip service to MSMEs, and the […]

Corportate Movements – December 2018

Starbucks Wants More Jamaican Blue Mountain and High Mountain Coffee

Jamaica’s Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw, says he will be taking steps to stop the illegal import of sugar, coffee and other commodities. Minister Shaw indicated that right now, there was a stockpile of 32,000 tonnes of locally manufactured sugar that cannot be sold because of the illegal importation of white sugar. […]

Corportate Movements – December 2018

National Rums Chairman, Komal Samaroo, Supports Call For Rum-Manufacturing Companies To Partner More With Cane Farmers And More Local Products In Operations.

Chairman of the Board of Directors, National Rums of Jamaica Limited, Komal Samaroo, said he agrees with the Minister Audley Shaw’s call for rum-manufacturing companies to return to the tradition of partnering more with sugar cane farmers and to use more local products in their processing operations. During a tour of National Rums of Jamaica […]

Corportate Movements – December 2018

Jamaica To Tackle Issue Of Food Imports In Tourism Industry Head-On

Jamaica’s Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says the Ministry intends to tackle the issue of food imports in the tourism industry head-on. The majority of the island’s total food imports, about 60 per cent, are directed to the hotel, restaurant and institutional (HRI) sector. Mr. Shaw said it should not be […]

Corportate Movements – December 2018

Jamaican Government Programmes US$950M CapEx For BPO And Tourism Projects Through JAMPRO

The Jamaican Government has programmed capital expenditure of approximately US$950 million on business process outsourcing (BPO) and tourism projects, through Jamaica Promotions Corporation (JAMPRO), for the 2018/19 fiscal year. This was disclosed by Industry, Commerce, Agriculture and Fisheries Minister Audley Shaw, while delivering the opening 2018/19 Sectoral Debate presentation in the House of Representatives on […]

Corportate Movements – December 2018

Jamaican Government Assessing Feasibility Of Utilising Unclaimed Funds Held By Financial Institutions For MSME Sector

The Jamaican Government is to engage technical consultants to assess the feasibility of utilising unclaimed funds, held by financial institutions, as a critical financing option for the growth and development of the micro, small and medium-sized enterprise (MSME) sector. This was disclosed by Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, at the launch […]

Corportate Movements – December 2018

Efforts Must Be Made To Reduce The Percentage Of Onions Being Imported into Jamaica For Domestic Consumption.

Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw, says efforts must be made to reduce the percentage of onions being imported for domestic consumption. It is a call to which the Caribbean Broilers Group is responding through its Crop Division subsidiary, Imagination Farms, situated at Hill Run, St. Catherine, where it has 12 of over […]

Corportate Movements – December 2018

Jamaican Government And World Bank Sign US$15-Million Loan Agreement Providing Financial Support For Micro, Small And Medium-Sized Enterprises

The Jamaican Government and the World Bank, have signed a US$15-million loan agreement that will provide greater financial support for micro, small and medium-sized enterprises (MSMEs). Under the Access to Finance Project, US$5 million will go towards boosting the Credit Enhancement Facility for guarantees to MSME loans; US$5 million will be used to support the […]

Corportate Movements – December 2018

Fitch Ratings Affirms Jamaica’s Economy From “Stable” to “Positive”

Finance Minister Audley Shaw is welcoming a Fitch Ratings agency’s revision of Jamaica’s economy from “stable” to “positive”, indicating that it was confirmation that the country is moving in the right direction. Fitch has affirmed Jamaica’s long-term foreign and local currency Issuer Default Ratings at ‘B’ and revised the outlook from “stable” to “positive”. The […]

Corportate Movements – December 2018

Jamaica Has Been Repositioned In A “Whole New Light” In The Eyes Of Its Creditors.

Finance and Public Service Minister, Audley Shaw, says the Government plans to build on Jamaica’s good standing with its international creditors, as a result of notable improvements in several areas of the economy. Among these are stabilisation of the macroeconomic environment, debt reduction, fiscal discipline, and maintaining inflation within the four to six per cent […]

Corportate Movements – December 2018