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Jamaica Ripe for Business

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#Kingston, Jamaica, June 18, 2024 – Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, says Jamaica is one of the most attractive investment destinations in the Caribbean and is urging more diaspora members to do business in the country.

Senator Hill was addressing a panel discussion on Monday (June 17) on the topic ‘Jamaica Open for Business: Transforming Investment and Enterprise in Jamaica through Diaspora Engagement’ at the 10th Biennial Jamaica Diaspora Conference, held at the Montego Bay Convention Centre in St. James.

He cited the stability of the local currency as a key reason to invest in the island.

“There is no foreign exchange control in Jamaica. Clean money comes in and clean money goes out,” he noted.

The fact that the Government has been able to undertake infrastructure development and deliver critical services, particularly during the pandemic, without raising taxes, speaks to the strength of the economy, he said.

“We’ve gone through a pandemic where we had to spend $100 billion of Jamaican money that we didn’t plan to spend and yet we didn’t borrow any new money and we didn’t raise taxes. In fact, for the last eight years…what we have done with taxes is cut them. We cut the payroll tax twice and cut VAT (value-added tax) once,” Senator Hill said.

He added that the infrastructure buildout, real estate potential and Jamaica’s position as the logistics hub of the Caribbean also makes the country attractive to investors.

“This is where your money should be. Come to Jamaica,” Senator Hill appealed.

For Chief Executive Officer of GraceKennedy Financial Group, Grace Burnett, the highly productive and English-speaking talent pool is a major reason Jamaica is open for business.

“Our literacy rate is well over 92 per cent and we have a very stable democracy. When you look at some of the endorsements we have received from overseas institutions on ease of doing business and how we are performing as an economy, we have a very stable, strong regulatory framework and very supportive environment for starting a business and growing a business,” she explained.

Managing Director of JN Fund Managers at JN Group, Brando Hayden, explained that the risk management and infrastructure necessary to give investors comfort is strongly in place.

“When you come to Jamaica, not only are we open for business, your investment or your participation is backed up by solid infrastructure. We have the Jamaica Central Securities Depository and when you invest through the stock market, whether it is a bond, a stock and they also do private equity and private debt, you know there is solid record for your investment. From the depository, you know exactly how much you have and you get your dividend payments,” Mr. Hayden said.

Meanwhile, Chief Executive Officer of VM Finance Limited and VM Overseas Offices at the VM Group, Leighton Smith, underscored that Jamaica’s economic stability, strategic location, strength of the financial sector, skilled workforce and diverse investment opportunities are factors that make Jamaica attractive to investors.

“What makes Jamaica the perfect landscape is when we think of the trade policies that exist… in terms of being the strategic location, which affords the opportunity to gain access to markets – CARICOM and the United States,” Mr. Smith said.

 

Contact: Judana Murphy

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U.S. Virgin Islands Sets New Tourism Record in 2024, Welcoming Unprecedented Visitor Numbers

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St. Thomas, U.S. Virgin Islands — The U.S. Virgin Islands Department of Tourism proudly announces new record-breaking passenger arrival numbers, which highlight the continued growth of St. Croix, St. Thomas, and St. John as a leading tourism destination.

Closing out the year on a high, December 28 recorded 4,606 passenger arrivals, surpassing the single-day arrival record set earlier in March 2024. This achievement also led to a new weekly passenger arrival record, with over 24,000 arrivals, marking a 5.92% increase over the previous record.

“As a destination, we continue to explore, elevate, and improve, which further supports the ongoing goal to build upon our commitment to be a premier Caribbean destination,” shares Commissioner Joseph Boschulte of the U.S. Virgin Islands Department of Tourism.

In 2024, combined airline arrivals at Cyril E. King Airport in St. Thomas and Henry E. Rohlsen Airport in St. Croix totaled 932,265 passengers. This figure surpassed the previous record set during the COVID-19 pandemic by over 100,000 passengers and represented a 16.5% increase compared to 2023.

The newly released numbers culminate a year of exponential tourism growth for the U.S. Virgin Islands, including a record-breaking month of arrivals in March with 106,026, and the introduction or return of airline routes from American Airlines, Cape Air, Delta Air Lines, Frontier, JetBlue, Spirit Airlines, Sun Country, and United Airlines.

The Territory also experienced a significant boost in cruise passengers, welcoming 1,770,922, resulting in a 9.8% increase compared to 2023. This growth was driven by the maiden voyages of several ships, including Scarlet Lady, Icon of the Seas, Disney Treasure, Explora I, Sun Princess, Explora II, Emerald Azzurra, Celebrity Apex, and Rhapsody of the Seas. The increase in cruise arrivals highlights the ongoing efforts of the Department of Tourism and local partners to strengthen and foster relationships across the industry.

In addition to welcoming more visitors, the territory also received several prestigious industry honors, including:

“As we look to 2025, we will continue to push the creativity of our marketing strategies, which includes advertising, social media, public relations, and partnerships to connect with and keep the U.S. Virgin Islands top of mind for new and returning travelers,” adds Commissioner Boschulte.

Commissioner Boschulte and the Department of Tourism team continue to set their sights on an ambitious future, positioning the U.S. Virgin Islands as the premier destination for travelers seeking natural beauty, cultural richness, and warm hospitality.

For more information about the U.S. Virgin Islands, please visit https://www.visitusvi.com/.

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CARPHA and TEPHINET Sign MoU to Increase Technical Skills of Public Health Professionals in the Caribbean  

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Port of Spain, Trinidad and Tobago – The Caribbean Public Health Agency (CARPHA) and Training Programs in Epidemiology and Public Health Interventions Network (TEPHINET), recently signed a Memorandum of Understanding (MoU) renewing their commitment to increase the skills of public health professionals in applied epidemiological interventions, including outbreak detection, emergency response and surveillance analyses.   

Field epidemiology is often described as “applied” or “intervention” epidemiology. It seeks to rapidly address priority public health issues in the community by using the appropriate resources and epidemiologic methods to investigate a problem and make recommendations for public health action, for immediate and longerterm control and prevention.

Dr Lisa Indar, Ad Interim Executive Director, CARPHA reiterated the importance of Field Epidemiology Training Programmes (FETPs) to the Region, ”CARPHA’s novel FETP has the laboratory component added to it and is regarded as a ‘boots on the ground’ programme. It has built much needed human resources capacity for health (HRH) in the small island developing states of the Caribbean.  Participants’ work contributes to the strengthening of the national public health system as a whole, by providing evidence-based information for public health action”.

Dr Carl Reddy, Programme Director, TEPHINET expressed his satisfaction with the outcomes of the regional programme, “TEPHINET is proud to have the Caribbean Regional FELTP as a member of its global network, given the sterling job that it has done in building field epidemiology capacity in an underserved region susceptible to climate change and prone to public health emergencies such as natural disasters”.

Dr Laura Lee Boodram, Head, Caribbean Regional Field Epidemiology and Lab Training Programmes (CRFELTP), CARPHA said, “The tiered training programme is based on a model of building practical competencies, which enables trainees to apply classroom-based learning to solve real world situations”. CR-FELTP training content and learning projects address priority public health issues in the Caribbean, such as communicable and non-communicable diseases including HIV/AIDS; emerging health threats including Chikungunya and Ebola viruses; and laboratory surveillance.

Key objectives of the MOU are:

  • Developing public health human resource capacity through Field Epidemiology Training (FETP)
  • Implementing, following up and supporting epidemiological surveillance activities in communicable diseases, non-communicable diseases, injuries and emergency preparedness and response
  • Promoting networking opportunities to support further programme development and sustainability
  • Collaborating holistically by coordinating efficiently on activities, identifying synergies, optimising resources and opportunities, and mitigating contradictory or duplicative efforts.

In January 2017 a technical partnership was formed between Centers for Disease Prevention and Control (CDC)/TEPHINET and CARPHA in order to implement Frontline training as a pilot initiative, against the framework of the CR-FELTP.  To date, 18 CARPHA Member States have benefitted from the Programme.

 

Background:

CARPHA is the sole regional public health agency for the Caribbean, legally established in 2011 by an Intergovernmental Agreement signed by the Caribbean Community member states. CARPHA is responsible for providing strategic direction and analysing, defining and responding to the public health priorities of the Caribbean in order to prevent diseases, promote and protect health and to respond to public health emergencies.

TEPHINET, formed in 1997, is a professional network of 83-member field epidemiology training programs (FETPs) working in more than 100 countries. With a mission to empower and mobilise a competent field epidemiology workforce to serve all people through standardised training, experiential learning, training program quality improvement, mentoring, and knowledge exchanges in order to connect epidemiologists better, faster, and with quality across the globe.

 

Photo Captions

Header: Dr Lisa Indar, CARPHA Ad Interim Executive Director signs the MOU between CARPHA and TEPHINET to strengthen public health and disease surveillance systems management in the Caribbean, while Dr Mark Sami, CARPHA Director Corporate Services looks on

Insert: Dr Carl Reddy, TEPHINET Programme Director, at his office in Atlanta, GA, after signing the MoU between TEPHINET and CARPHA

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Turks and Caicos Featured as Top Beach Destination on the Today Show

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Providenciales, Turks & Caicos Islands — Visit Turks and Caicos Islands (VisitTCI.com) played a pivotal role in showcasing the natural beauty of the Turks and Caicos Islands during a feature on NBC’s TODAY show on Monday morning (January 6th). The segment, which aired to millions of viewers across the United States, highlighted iconic destinations like Grace Bay Beach, Water Cay, and West Harbour Bluff, using exclusive content from VisitTCI.com.

During the segment, host Al Roker praised the islands as “one of [his] favorite spots beach-wise” and reaffirmed their inclusion in Travel + Leisure’s 50 Best Places to Travel in 2025.

This feature continues Visit Turks and Caicos Islands’ ongoing commitment to promoting the country globally. The website has recently undergone significant enhancements to deliver an even richer experience for travelers, including redesigned homepages, new interactive features such as video overviews of featured hotels and resorts, and an 8% expansion in original content. VisitTCI is the largest source of authoritative Turks and Caicos content, with more than 1,100 in-depth articles and 6,000 high-quality original photos.

“VisitTCI.com has always been about providing the most accurate and engaging travel information for the Turks and Caicos Islands,” said Daniel J. LeVin, Executive Editor of VisitTCI.com. “Our partnership with NBC TODAY and the recognition from Travel + Leisure reflects the hard work we’ve invested in elevating TCI to one of the world’s top vacation destinations.”

The platform’s dedication to excellence has also earned partnerships with top international publications, including National Geographic and Condé Nast Traveler. Visit Turks and Caicos Islands is TCI’s largest and most-visited website.

You can watch a recording of the segment at NBC.com: https://www.today.com/video/top-travel-destinations-hidden-gems-to-visit-in-2025-228564037644

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