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JAMAICA BUSINESS NEWS: December 13th – 19th, 2014

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JAMAICA COPYRIGHT LICENSING AGENCY INCREASES ROYALTY DISTRIBUTIONโ€”12/13/14
JAMCOPY, the Jamaica Copyright Licensing Agency, has raised its royalty distribution for 2014 by over $4 million. This is the highest distribution in history, totaling $28.5 million. The ninth royalty distribution will be paid to 437 Jamaican creators and 36 publishers. The funds represent proceeds from license fees the agency collects from the government and other institutions for photocopying and digital uses.

WOOD WORK, BLOCK -MAKING BUSINESS LAUNCHED IN ROSE TOWNโ€”12/15/14
A new block and wood manufacturing business has been launched in Rose Town, a community near Kingston. Residents of Rose town lately finished a project that will ultimately benefit 300 individuals through training in vocational skills and business management. The program was made possible via a partnership between the Digicel Jamaica Foundation and the Rose town Foundation for the Built Environment. The project led to the construction of a block-making area and the provision of equipment and materials for making quality wood building products.

NEW RAW FOOD BUSINESS SUCCEEDING IN MANDEVILLEโ€”12/16/14
Yahya El of Mandeville is the proprietor of a new raw foods business called Fancy Fruits, and in the past nine months since starting the business, the customer base is growing. According to El, the focus of his business has a spiritual as well as a profit motive. He was inspired to create the business after 14 years of eating only fruits, vegetables and nuts, and using a dehydration method to prepare his meal rather than cooking. He believes this diet is best for human beings and is striving to contribute to their well being through his “health-staurant” at Fancy Fruits.

BURGER KING, POPEYE’S FRANCHISES IN JAMAICA SEE RISE IN COSTSโ€”12/17/14
Because of an 88-percent rise in the price of beef patties, the owner of Burger King and Popeye’s Jamaican franchises. Richard Lake’s Restaurant Associates Limited, plans to change the costs of its burger meals. The company currently uses only imported beef in its food products.


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Written by Staff Writer