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JAMAICA BUSINESS NEWS: December 27th – January 2nd, 2015

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FARMERS START NEW BAMBOO PROJECTโ€”12/27/14
In St. Mary, a group of farmers are starting a project that could make raising organic produce in Jamaica more important. At Nelson’s super Farm in Pembroke, Oratio Kennedy and Joseph Lindsay have started the first organic bamboo charcoal factory on the island. The plan is to export approximately 27,000 pounds of this product each month. It could bring profits over US$300,000 every month, according to Kennedy.

SKILLED LABOR SUPPLY TO GROW DUE VIA APPRENTICESHIP PROGRAMโ€”12/29/14
The Registered Apprenticeship Program (RAP) has been launched in Jamaica. Its goal is to develop a pool of certified and trained technicians that employers can count on to meet their skilled labor needs. The apprenticeship program is also viewed as a feature that will attract foreign direct investment. RAP is a joint program involving the Ministry of Education and the Ministry of Industry Investment and Commerce.

JAMAICAN COMPANY PURCHASED BY CARIBBEAN CHEMICALSโ€”12/31/14
A subsidiary of Caribbean Chemicals and Agencies Limited (CCA), the newly created AG Chem Plant Limited, has signed an agreement to buy the Agriculture Chemical Plant division of J Wray and Nephew, a Jamaican firm. CCA is based in Trinidad and Tobago and is the biggest agricultural input supplier in the English-speaking countries of the Caribbean.

INTERVENTION BY PAULWELL AVERTS SHUTDOWN OF GASOLINE TRADEโ€”01/01/15
Jamaica’s Energy Minister, Phillips Paulwell, has acted to avoid a shutdown of petrol trade. Paulwell intervened in a dispute that involved Rubis Energy Jamaica Limited, a multinational oil firm, and its dealers. The dealers are represented by the Jamaica Gasolene Retailers Association (JGRA). For the time being, the relationship between Rubis and the dealers will remain the same, and JGRA will suspend protests pending the outcome of the government intervention.


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Written by Staff Writer