JAMAICA BUSINESS NEWS: March 14th – March 20th, 2015

JAMAICAN GOVERNMENT IMPOSES A NEW TAX ON GAS—03/14/15 The government of Jamaica is imposing a new gas tax, believing that requiring a seven-dollar per liter tax  on petrol will fund the mechanism, which will functions like a type of polices.. According to Dr. Peter Phillips, Finance Minister, said he expects the tax to bring in […]
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JAMAICA BUSINESS NEWS: March 7th – March 13th, 2015

SEPROD PRODUCTS TO BE DISTRIBUTED IN U.S.—03/07/15 GraceKennedy Foods USA has signed an agreement with Seprod Limited to distribute Seprod brands in approximately 7,000 retail stores in the United States. Under the agreement, Seprod is provided with access to consumers in the U.S. and beyond the Caribbean Diaspora. The exact terms of the agreement were […]
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JAMAICA BUSINESS NEWS: February 28th – March 6th, 2015

JAMAICAN PLANS TO IMPORT GOAT EMBRYOS—03/03/15 The importation of 200 goat embryos is scheduled for Jamaica in the next fiscal year. The goat embryos represent part of a program designed to improve the breeding stock of these animals on the island. Over $56.6 million has been provided in the Estimates of Expenditure policy to complete […]
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JAMAICA BUSINESS NEWS: February 21st – 27th, 2015

MINISTRY OF AGRICULTURE WANTS INCREASED BANANA PRODUCTION—02/23/15 Derrick Kellier, Jamaican Minister of Labor and Social Security, said that the island’s banana industry is poised to increase production. According to Kellier, developments will include adding lands to banana cultivation to meet the demand of successful markets, such as that in the United Kingdom. Kellier traveled to […]
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JAMAICA BUSINESS NEWS: February 14th – 20th, 2015

FIRST NEXUS CARIBBEAN YOUTH SUMMIT HELD—02/14/15Jamaica was the site of the first Nexus Caribbean Youth Summit. The event features speeches from philanthropists like the CEO and chairman of Sandals Resorts Adam Stewart and the CEO of Geneva Global Richard Power. The summit was designed to bring together 120 participants in order to bridge the gap […]
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JAMAICA BUSINESS NEWS: February 7th – 13th, 2015

RATE DETERMINATION TO BE APPEALED—02/07/15The Jamaica Public Service Company (JPS) plans to appeal a rate determination made by the Office of Utilities Regulation (OUR) in January 2015. JPS will appeal several issues linked to losses in the areas of foreign exchange and equity returns. It will not appeal the reductions in rates provided for consumer […]
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JAMAICA BUSINESS NEWS: January 31st – February 6th, 2015

HYLTON WELCOMES INVESTMENT BY TOYOTA JAMAICA—01/31/15Anthony Hylton, Jamaica’s Minister of Industry, Investment and Commerce, participated in a ground-breaking at the site of a new branch of Toyota Jamaica Ltd. Hylton welcomed the firm’s investment of $400 million in the new facility, which is slated to provide 140 new jobs on the island. According to Hylton, […]
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JAMAICA BUSINESS NEWS: January 24th – 30th, 2015

TRAINING IN PHOTOVOLTAICS OFFERED AT TECHNOLOGY CENTER—01/24/15The Caribbean Green Technology Center’s Workforce Program is offering 40-hours of training designed to help students pass the North American Board of Certified Energy Practitioners (NABCEP) entry examination. The goal is to teach the students photovoltaic (PV) technology so that they will be able, in turn, to instruct others […]
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JAMAICA BUSINESS NEWS: January 17th – 23rd, 2015

  JAMAICAN GOVERNMENT TO FACILITATE INVESTING IN CUBA—01/17/15Arnaldo Brown, Jamaican State Minister for Foreign Affairs and Foreign Trade, said the government is ready to help in making it easier for local investors to tap opportunities in Cuba. Cuba is viewed as an excellent investment due to the re-establishment of diplomatic ties between that country and […]
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JAMAICA BUSINESS NEWS: January 10th – 16th, 2015

FARM IN PORTLAND LOOKS TO AGRI-TOURISM—01/11/15Restoration Village Farm, owned by Trevor and Jean Campbell in Tom’s Hope, Portland, is planning to cash in on the agri-tourism market. The farm, which comprises 36 acres, is started offering tours in September 2014, charging $1,600 for adults and $1,100 children. The tour provides a hike through trails on […]
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