Tag: investment

Jamaica

Jamaicans Urged To Look For Overseas Business Opportunities

Local businesspeople are being encouraged to look for opportunities in other countries, even as Jamaica continues to court international investments. Prime Minister, the Most Hon. Andrew Holness said that the move will assist the country’s expansion into overseas markets. “We want to see investors come into Jamaica and we are encouraging Jamaicans to go and invest elsewhere as well. In […]

Jamaica

Jamaica Set To Benefit From U.S. US$30 Million Investments

Jamaica will benefit from a US$30 million dollar investment; this development comes on the back of a meeting between U.S. Vice President, Kamala Harris, and Prime Minister, the Most Hon. Andrew Holness, at the White House recently. The investment by the U.S. government includes US$20 million to boost commerce between the two nations, and a further US$10 million to address […]

EDUCATION

UWI Makes Plan For Massive Investment Drive

The University of the West Indies (UWI) has revealed details of its plans for a massive investment drive to complete projects which would help boost its finances. UWI Registrar, Dr. Maurice Smith, says the preparatory steps which have been taken include organizing teams to handle the projects. Dr. Smith made the disclosure at last week’s meeting of Parliament’s Human Resources […]

Jamaica

Jamaica’s Tourism Minister Maintains Positive Outlook

Tourism Minister, Edmund Bartlett, says the investment climate remains positive despite the sector being impacted by the coronavirus (COVID-19) pandemic. Mr. Bartlett said the level of multibillion-dollar investment projects that are now underway or programmed for implementation over the next two years is indicative of investors’ vote of confidence in Jamaica. He said that among the projects completed in 2020 […]

BUSINESS

Facebook Pledges Billion Dollar Investment In The News Industry

In a report recently, Facebook has pledged to invest at least $1 billion in the news industry over the next three years. The announcement came on the back of Australia’s government move to force tech platforms to pay for third party news content. Media companies have complained for years that they are not fairly compensated for articles and other content […]

Jamaica

Jamaica’s Tourism Projects Still On Tract

According to the Minister of Tourism, Edmund Bartlett, 90 percent of planned investments set for the tourism industry is still on stream, despite the effects of the COVID-19 pandemic. The Minister made his remarks while speaking at the official opening of the $253-million rehabilitated Guava Ridge to Content Gap road in East Rural St. Andrew. Mr. Bartlett said increasing hotel […]

BUSINESS

New Year’s Tax Resolutions You Should Have In Mind For 2019

The 2018 tax overhaul impacted significant modifications to the code, such as limiting the deduction for state and local taxes, culminating in an ultimate expansion of tax credit even for children under the age of 17. Employers and pension payers lower their withholding for 2019, allowing taxpayers to get the benefits of lower rates instantly. But in as much as […]

Jamaica

Jamaica’s Tourism Market Increases Nearly 300,000 Monthly

Jamaica is set to construct an additional 6,000 hotel rooms starting next year January, according to Tourism Minister, Hon. Edmund Bartlett. Mr. Bartlett posited the view that different stakeholders stand to benefit, and moreover, the new venture will help to boost the economy. “The industry is growing. The demand is expanding. At 4.3 million visitors, our market has increased by […]

BUSINESS Commerce Social media

JAMPRO Targets Top-10 Ranking For Jamaica in Doing Business Report

The Jamaica Promotions Corporation (JAMPRO) is on a mission to get Jamaica to top-10 ranking in the World Bank’s Doing Business Report (DBR). The agency’s President, Diane Edwards, said that plans are in place for a ‘Getting to Top 10 DBR’ initiative, which is designed to identify and implement impactful reforms for Jamaica. “If we reach that goal … it […]

BUSINESS Commerce

Are Millennials Stock Investment Shy?

Despite coming of age in the era of technology and rapid change, research has shown that millennials are not aggressive in staking an interest in the stock market. Sixty-one percent of millennials say that they are afraid of taking that first step in parting with their money in stock. This is shocking given the bull market run experienced over the […]