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September 2024
 

23 September 2024

For the July-August period – after Hurricane Beryl impacted the island on July 3 as a Category 4 storm – CAC said the average prices of most basic food items remained relatively constant.

CAC: No sign of price gouging

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 23 Sep 2024    admin   
Agency says cost of critical basic food items remains relatively constant Although there were concerns raised that some proprietors may have been unjustly increasing the prices of goods and services in the aftermath of Hurricane Beryl, the Consumer Affairs Commission (CAC) said it has found no evidence to support this. The agency that is responsible for promoting competition and fair trading said its analysis of price changes for critical basic food items between June and August remained relatively constant. “While there were higher than normal increases in prices of agricultural items, there...


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Chief Executive Officer, Jamaica Business Development Corporation, Valerie Veira, delivers remarks during the recent Digital Jamaica Summit and Showcase at The Jamaica Pegasus hotel in New Kingston.

JBDC Embarking on Second Year of Digital Transition Programme

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 23 Sep 2024    admin   
The Jamaica Business Development Corporation (JBDC) is set to embark on the second year of its transformative digital transition programme. This undertaking is aimed at, among other things, assisting in propelling Jamaica into a fully digital economy. JBDC Chief Executive Officer, Valerie Veira, made the announcement in her remarks delivered during the Digital Jamaica Summit and Showcase, held recently at The Jamaica Pegasus hotel in New Kingston. Funded by the European Union, the €9.5-million initiative was officially launched in October 2023 to increase equitable access to information and...


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Manager of the Anti-Money Laundering Unit at the Companies Office of Jamaica (COJ), Inger Hainsley-Bennett (left), and Chief Executive Officer and Registrar of Companies, Shellie Leon, participate in a recent JIS Think Tank.

COJ Establishes Anti-Money Laundering Unit

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 23 Sep 2024    admin   
An Anti-Money Laundering (AML) Unit has been established within the Companies Office of Jamaica (COJ) to enhance regulatory compliance and transparency. This strategic move comes in response to the heightened scrutiny and monitoring efforts by the Financial Action Task Force (FATF) to combat money laundering and ensure financial integrity. Speaking at a recent Jamaica Information Service (JIS) Think Tank, Manager for the Unit, Inger Hainsley-Bennett, shared that its primary focus is to leverage the new powers granted to Registrars, ensuring that the information provided by companies is...


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Chief Privacy Officer and Managing Director of United Consulting International Limited, Najuequa Barnes, addresses Thursday’s (September 19) Jamaica Special Economic Zone Authority (JSEZA) Business Acceleration Centre (BAC) Accelerator Series at the Terra Nova All-Suite Hotel in Kingston.

SEZ Business Operators Urged to Register as Data Controllers

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 23 Sep 2024    admin   
Business operators in Jamaica’s Special Economic Zones (SEZs) are being urged to register as data controllers in an effort to mitigate risks and increase investor interest. Under the Data Protection Act, persons who hold, receive, use, collect or deal with personally identifiable information of any individual are considered data controllers, and must register with the Office of the Information Commissioner (OIC). Chief Privacy Officer and Managing Director of United Consulting International Limited, Najuequa Barnes, outlined that SEZs share various categories of data related to employees,...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addressing Wednesday’s (September 18) post-Cabinet press briefing at the corporate office of business processing outsourcing firm iTel, in St. Andrew. Listening is Minister without Portfolio in the Office of the Prime Minister, with Responsibility for Information, Skills and Digital Transformation, Senator Dr. the Hon. Dana Morris Dixon.

CAC Monitoring Local Commercial Trade for Post-Hurricane Price Gouging

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 23 Sep 2024    admin   
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, says the Consumer Affairs Commission (CAC) continues to closely monitor the commercial trade to ensure businesses do not exploit the impact of Hurricane Beryl to engage in price gouging. Price gouging refers to the practice of increasing the prices of goods, services or commodities to a level deemed much higher than is considered reasonable or fair, and commonly occurs in the aftermath of natural disasters such as a hurricane. Addressing Wednesday’s (September 18) post-Cabinet press briefing at the corporate office of...


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Minister of Industry, Investment & Commerce, Senator the Hon. Aubyn Hill (centre) engages in conversation with President of the Jamaica Institution of Engineers (JIE), Oneil Josephs (left) and Chairperson, Professional Engineering Registration Board (PERB), Glaister Ricketts, at the opening of JIE Engineers' Week Conference & Expo at The Jamaica Pegasus hotel on Monday (September 16)

Local Engineers Urged to Take Lead in Bolstering Professionals

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 23 Sep 2024    admin   
Minister of Industry, Investment & Commerce, Senator the Hon. Aubyn Hill, is charging local engineers to lead the way in bolstering the cohort of professionals across the island. He made the call while addressing the opening of the Jamaica Institution of Engineers (JIE) Engineers’ Week Conference & Expo at The Jamaica Pegasus hotel in New Kingston on Monday (September 16). Minister Hill emphasised the importance of engineering in modern infrastructure development and the built environment. “It creates linkages that will continue to drive economic growth, enhance the country’s...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, underscores the critical role of digital transformation in Jamaica’s future economic success while delivering the main address at the Digital Jamaica Summit and Showcase, held recently at The Jamaica Pegasus hotel in Kingston.

Industry Minister Calls on MSMEs to Embrace Digital Transformation

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 23 Sep 2024    admin   
Micro, small, and medium-sized enterprises (MSMEs) are being urged to embrace digital transformation to remain competitive in the global economy. Delivering the keynote address at the Digital Jamaica Summit and Showcase, held recently at The Jamaica Pegasus hotel in Kingston, Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, underscored the critical role of digital transformation in Jamaica’s future economic success. “In the rapidly evolving global environment, embracing digitisation, digitalisation, and digital transformation is necessary, as technological...


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Industry, Investment and Commerce Minister, Senator the Hon Aubyn Hill (left), shakes hands with Executive Director of Bureau of Standards Jamaica (BSJ), Dr. Velton Gooden, at the BSJ Starch Stakeholders’ Symposium on September 19 at the University of the West Indies (UWI) Regional Headquarters, St. Andrew.

 

Industry Minister Promoting Investment in Starches

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 23 Sep 2024    admin   
Industry, Investment and Commerce Minister, Senator the Hon. Aubyn Hill, is highlighting the local starch industry as a major sector for investment to boost food security and economic prosperity. He noted that the sector has significant potential for commercial activities to serve local and export markets. Investing in the cultivation of produce such as sweet potato, cassava and breadfruit can empower small farmers, boost agricultural output, and strengthen rural economies, he said. The Minister was addressing the opening of the Bureau of Standards Jamaica (BSJ) two-day Starch Stakeholders’...


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Companies Office unveils beneficial ownership training platform

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 23 Sep 2024    admin   
he Companies Office of Jamaica (COJ) has launched its innovative Online Beneficial Ownership Training (OBOT) Platform to empower stakeholders with the knowledge they need to navigate the complexities of beneficial ownership. OBOT Platform, available at www.botrainingjamaica.com , will provide courses focused on beneficial ownership to the public. It offers an opportunity to gain a deeper understanding of the amendments to the Companies Act and their implications for transparency, accountability, and corporate governance. Developed by local educational company One-on-One, which is registered...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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Telephone: (876) 968-7116 
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Email: information@miic.gov.jm

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The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm