Jamaica is positioned as a favourable business destination

September 27, 2022

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, says that programmes put in place by the government to combat the economic effects of the COVID -19 pandemic, has strengthened the island’s position in the region as a favourable business destination.

“This government continues to pursue a bold and ambitious development agenda on behalf of all Jamaicans. We are pleased that despite the COVID-19 pandemic, we were able to provide significant buffers to confront and overcome many potentially disastrous social and economic outcomes with all the care programmes that this government instituted,” Dr. Dunn said.

He stated that this has strengthened the country’s position in the region as a preferred business destination and has given greater incentive for more Jamaicans to live, work, raise families, do business, and retire in Jamaica.

The State Minister pointed out that the government’s restructuring of the public sector compensation system is far advanced for the 2022 to 2025 period “and we will see public sector workers on the lowest scale earning up to $1.3 million per annum and those at the highest earning up to $24 million per annum.”

Dr. Dunn was addressing the Montego Bay Chamber of Commerce and Industry (MBCCI) Workforce Readiness Forum, which was held on Thursday (September 22) at Secrets Resort in St. James.

He congratulated the organization for hosting the event and deemed it important.

“I know well the importance of a vibrant, productive sector in keeping and in helping to create a more prosperous and sustainable business environment. Your facilitation of this dialogue will no doubt encourage more Jamaicans to take advantage of existing and emerging capacity-building opportunities and steer many others into profitable engagement through the enabling environment this ministry provides,” Dr. Dunn outlined.

For his part, the President of MBCCI, Oral Heaven, noted that the forum was one that should prove beneficial to employees and employers in attendance.

“Human capital is integral to the operation and survival of any business, the harsh reality though, is that workers are scarce,” Mr. Heaven said.

Disclaimer:

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

 

More Stories from the Market
shutterstock_342262439
February 17, 2026   Kingston Properties Limited (KPREIT) has advised that the Board of Directors will meet on February 24, 2026, to consider …
shutterstock_342262439
February 17, 2026   Carreras Limited (CAR) has advised that at a meeting of its Board of Directors to be held on February 26, 2026, an inte…
shutterstock_342262439
February 17, 2026   Pan Jamaica Group Limited (PJAM) has advised that at a meeting of its Board of Directors to be held on February 25, 202…
shutterstock_148562033
February 17, 2026   Supreme Ventures Limited (SVL) has advised that on February 13, 2026, a connected party sold 50,000 SVL shares. &nbs…
shutterstock_148562033
February 17, 2026   Kingston Wharves Limited (KW) has advised that a Director sold a total of 38,984 KW shares during the period February 1…
shutterstock_316932977-700x441
February 16, 2026 The Statistical Institute of Jamaica (STATIN) reported that as of January 2026, the point‑to‑point inflation rate was +3.9%, repr…
shutterstock_382756177
February 17, 2026 RADIO JAMAICA LIMITED (RJR) Unaudited financials for the nine months ended December 31, 2025: RADIO JAMAICA LIMITED (RJR), …
shutterstock_382756177
February 17, 2026 Ironrock Insurance Company Limited(ROC) Unaudited financials for the twelve months ended December 31, 2025: Ironrock Insura…