JAMAICA BUSINESS NEWS: January 3rd – 9th, 2015

MILLIONS DONATED TO SUCCESS BY SIX PROGRAM—01/03/15The Tryall Fund initiative Success by Six in Hanover received a donation of J$5.5 million from Daniel and Stency Wegman designed to help with the program’s activities. Jacqueline Smith, administrator of the program, accepted the donation at Tryall Great House at a presentation ceremony. The program’s goal is to […]
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JAMAICA BUSINESS NEWS: December 27th – January 2nd, 2015

FARMERS START NEW BAMBOO PROJECT—12/27/14In St. Mary, a group of farmers are starting a project that could make raising organic produce in Jamaica more important. At Nelson’s super Farm in Pembroke, Oratio Kennedy and Joseph Lindsay have started the first organic bamboo charcoal factory on the island. The plan is to export approximately 27,000 pounds […]
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JAMAICA BUSINESS NEWS: December 20th – 26th, 2014

GOAT FARMERS LOSING MONEY BY FOCUSING ON MEAT SALES—12/21/14According to Kenneth King, president of the Jamaica Goat and Sheep Farmers Association, Jamaica’s goat farmers are losing money because they focus on selling meat and ignore other items of value that they could provide to local and international markets. In addition to meat, goats can provide […]
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JAMAICA BUSINESS NEWS: December 13th – 19th, 2014

JAMAICA COPYRIGHT LICENSING AGENCY INCREASES ROYALTY DISTRIBUTION—12/13/14JAMCOPY, the Jamaica Copyright Licensing Agency, has raised its royalty distribution for 2014 by over $4 million. This is the highest distribution in history, totaling $28.5 million. The ninth royalty distribution will be paid to 437 Jamaican creators and 36 publishers. The funds represent proceeds from license fees the […]
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JAMAICA BUSINESS NEWS: December 6th – 12th, 2014

NO RE-ELECTION ATTEMPT BY ZACCA—12/06/14Christopher Zacca, the current president of the Private Sector Organization of Jamaica (PSOJ) will not seek another term in the office. Zacca stated his intention at the organization’s general meeting, believing that there should be “renewal” within the group. Zacca has been president of the PSOJ twice for a total of […]
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JAMAICA BUSINESS NEWS: November 29th – December 5th, 2014

ST. MARY WATER PARK MAY BECOME MOST POPULAR THEME PARK ON THE ISLAND—11/29/14Wata Land, a new water park in Lodge, St. Mary, is looking to become one of the most popular family-oriented theme parks in Jamaica. Located near Ocho Rios, the park has been in operation for three months. It offers an aqua park, water […]
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JAMAICA BUSINESS NEWS: November 22nd – 28th, 2014

JAMAICAN GOVERNMENT PARTNERS WITH SOUTH AFRICA ON NUTRACEUTICALS—11/24/14The government of Jamaica is joining with the Republic of South Africa to enhance collaboration between the two nations in the nutraceutical industry. The Jamaica/South Africa Agreement on Scientific and Technological Cooperation was signed in 2013 and provides for an exchange of scientists, researchers, technical scholars and experts, […]
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JAMAICA BUSINESS NEWS: November 15th – 21st, 2014

GOVERNMENT TO MONITOR PROPOSED COLUMBUS INTERNATIONAL ACQUISITION—11/15/14The government of Jamaica is planning to monitor the proposed acquisition of Columbus International by Cable & Wireless Communications. The deal, which totals US$3 billion, involves two companies that claim a large portion of Jamaica’s fixed line and broadband markets. Minister of Science, Technology, Energy and Mining, Phillip Paulwell, […]
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JAMAICA BUSINESS NEWS: November 8th – 14th, 2014

GOVERNMENT ISSUES WARNING TO SUGAR GROWERS—11/08/14The Jamaican government warned sugar growers on the island that any attempts to manipulate the loan system designed to raise output could put the whole program in danger. Derrick Heaven, executive director of the Sugar Industry Authority, said that some farmers were being “creative” in taking out loans under one […]
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JAMAICA BUSINESS NEWS: November 1st – 7th, 2014

”EAT JAMAICAN” CAMPAIGN CELEBRATED—11/01/14The Jamaica Agricultural Society and Jamaica’s Ministry of Agriculture and Fisheries are ready to celebrate the 11th anniversary of the “Eat Jamaica” campaign. The theme of the celebration is “Grow What We Eat, Eat What We Grow.” The campaign is overseen by Sir Patrick Allen and will be celebrated in November 2014 […]
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