Connect with us

News

GOVT. SIGNS US$50 MILLION MOU TO STRENGTHEN BUSINESS ENVIRONMENT

Published

on

KINGSTON, Sept. 24 (Jamaica Information Service): Government has signed a US$50 million Memorandum of Understanding (MoU) with the World Bank, to strengthen the business environment in Jamaica to enable further private sector investment.

The loan agreement was signed by Minister of Finance and Planning, Dr. the Hon. Peter Phillips and Senior Private Sector Development Specialist with the World Bank, Thomas Vis, during the launch of the programme at the Mona Visitors’ Lodge on September 24.

The initiative, which has been dubbed the Foundations for Competitiveness and Growth project, will be implemented by the Planning Institute of Jamaica (PIOJ) over a six-year period from August 2014 to June 2020.
Dr. Phillips said the project will enhance competition in the business environment, facilitate strategic private investments and support Small and Medium Enterprises (SMEs).

The Minister informed that the project will also provide resources for private businesses to undertake pre-feasibility studies in relation to strategic investment projects that are to be implemented.
“It will also facilitate the development of technical studies for critical sectors that the country may choose to emphasise as part of its growth strategy,” he said.

Dr. Phillips noted that in this vein there is a need to explore much further, the global dynamics of the Business Process Outsourcing (BPO) industry, pointing out that this is an area where Jamaica can make a significant mark. “This is an area where we can put tens of thousands of Jamaicans to work,” he argued.

For his part, Mr. Thomas said the project represents an element in a larger partnership between the Government of Jamaica and the World Bank, and is aimed at advancing the prospects for growth, as the country goes through a strenuous economic reform programme that forms part of the agreement with the IMF.

Meanwhile, Permanent Secretary in the Ministry of Industry, Investment and Commerce, Vivian Brown, said a part of the Government’s role, as it strives for greater economic growth and job creation, is to facilitate and enable private investment, both domestic and overseas, in the Jamaican economy.

“It is our belief that this project will support that strategy,” the Permanent Secretary added.
Director General of the PIOJ, Colin Bullock, said under the project, new and existing businesses will benefit from streamlined regulations and processes, opportunities for public-private partnerships as well as training and access to financing.

“It is a timely initiative, as there are investment opportunities available to the private sector, which can be facilitated by enhancement of the business environment,” he noted.
Mr. Bullock said the project seamlessly aligns with the Government’s growth agenda and directly supports the achievement of goal three of the National Development Plan, Vision 2030, which is to make “Jamaica’s economy prosperous.”

Chief Executive Officer, Private Sector Organization of Jamaica, Dennis Chung, said the private sector strongly welcomes the initiative, noting that “it will finally allow us to tackle critical areas affecting our ability to be competitive and grow the economy.”
He emphasised that sustainable economic growth is only possible with the growth of the SME sector, where new innovations tend to be created.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Caribbean News

Agriculture Ministry Providing Two Water Trucks to Serve St. Elizabeth and St. Catherine

Published

on

#Kingston, Jamaica, April 24, 2024 – The Ministry of Agriculture, Fisheries and Mining is to unveil two more water trucks this week, which will be used to service communities in St. Elizabeth and St. Catherine.

Portfolio Minister, Hon. Floyd Green, made the disclosure during Wednesday’s (April 24) post-Cabinet press briefing at Jamaica House.

He also informed that of the $90 million earmarked to support farmers being impacted by the current drought, the Ministry will be providing additional support for storage and drip-irrigation systems.

“So, we have targeted about 600 water tanks and about 400 12-millimetre drip irrigation hoses, and that distribution has already started. Additionally, we have earmarked about $8 million to really help with our livestock farmers,” Mr. Green said.

“We know the difficulty that you’re facing now in this time; [it’s] very hard to get the right nutritional support for your animals. As such, we will be providing some hay, and we will [also] provide some trucking of water to you. Again, our livestock farmers, if you are in need, please contact the Rural Agricultural Development Authority (RADA) and let us see how we can help in these times,” he further stated.

Mr. Green also encouraged farmers to download the RADA App, so that the Agency can “help guide you, not only in relation to what is happening on the rainfall side, but also in relation to your integrated pest management”.

“We do see some increases of certain types of pests during this time, and it’s important that our farmers are paying attention to that. It’s also important that you’re taking drought management seriously [by undertaking] soil mulching, looking at planting drought-tolerant crops, timely harvesting, implementing land husbandry treatments and contour ditches,” he stated.

Contact: Latonya Linton

Release: JIS

 

Photo Caption: Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green, speaking during Wednesday’s (April 24) post-Cabinet press briefing at Jamaica House.

 

Donald De La Haye Photo

Continue Reading

News

“Mad Max” Convicted of Murder

Published

on

MEDIA RELEASE

 

#TurksandCaicos, April 23, 2024 – Blue Hills resident KENDALL RONDRE DEAN has been convicted of murdering JOSHUA SWANN.

Mr. Dean, also called “Maddie”, “Mad Max”, and “Dre”, was found guilty by a nine-member jury yesterday (April 22nd) in the Grand Turk Supreme Court.

Following the verdict, Mr. Dean was remanded to Her Majesty’s Prison, pending sentencing on 10th June 2024.

Based on the evidence presented, Mr. SWANN of Five Cays was shot multiple times about the body on Sunday, August 8th, 2021, while at North West Point, Providenciales.

Mr. Swann was transported to the Cheshire Hall Medical Center, where he succumbed to his injuries.

Detectives of the Serious Crimes Unit received a report, and following intensive investigations and interviews, Mr. Dean was arrested and subsequently charged.

Shortly after the verdict, Deputy Commissioner of Police Rodney Adams said, “This conviction demonstrates the RTCIPF’s commitment to bringing to justice those who cause the most harm throughout our communities using illegal firearms.

“This is an example of the effective coordination of the various units across the Force in supporting the lead detective in bringing about this conviction. The RTCIPF is grateful for the information provided by witnesses who came forward.

Continue Reading

News

Airports Authority aims for 24-hour airport and announces Scholarship programme

Published

on

Dana Malcolm 

Staff Writer

 

 

#TurksandCaicos, April 19, 2024 – In an attempt to move to 24-hour-a-day operations Turks and Caicos Islands Airports Authority (TCIAA) is steadily recruiting Air Traffic Controllers to work at the Providenciales/Howard Hamilton International Airport, according to Godfrey Smith, TCIAA CEO, reporting to the Appropriations Committee.

Speaking on April 8th Smith said a cabinet paper would be sent soon requesting six more Air Traffic Controllers to make round the clock operation at the Provo International possible and to open the airport in Grand Turk till 12 a.m.

Currently, 17 posts are filled and seven are vacant.

Smith was candid with his responses to recent industrial action from ATCs which led to resignations and firings.

“What we have to do is find systems to mitigate such actions and that has to start with filling these jobs, putting people in that want to work and doing right by people – and we always try to do right by our staff. Persons may not think that we are but we always do – we ain’t pick no fight,” he said in the meetings held at the NJS Francis building ahead of the National Budget Communication.

Smith indicated that recruitment was an issue across the board, ‘we need to find ways to recruit a little bit better’ he told the committee. Also in need of a push was capital spending or projects according to the CEO, who said the agency had ‘not been very good’ at meeting that mark but insisted they had recognized the issue and could do better.

A very important key performance indicator drawn up by the TCIAA is increasing passenger satisfaction at the Howard Hamilton International Airport. For the TCIAA part of this means a 30 percent increase in seating by Q2 of this year.

When queried on if they could even handle this increase the CEO said,

“The fact of the matter is we already have the capacity there. What we need is to make the service a bit better.”

Staff shortages have become such a frustrating issue that the TCIAA is instituting a scholarship program created by Authority Chairman, Selvyn Hawkins

“What the board wants to do is basically allocate $25,000 annually for a scholarship and they’ve approved it already.”

This process would cover tuition and all other costs for one student.

The student would return as a summer intern and other breaks to work at the TCIAA and upon graduation, assume a role at the company.

“We identify a particular skill we need, we go after it and we build capacity that is in a nutshell the nexus of the program,” Smith said.

The Turks and Caicos Islands Airports Authority (TCIAA) is allocated $49 million this financial year; over $20 million goes to salaries.

Continue Reading

FIND US ON FACEBOOK

TRENDING