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JAMAICA BUSINESS NEWS: March 14th – March 20th, 2015

JAMAICAN GOVERNMENT IMPOSES A NEW TAX ON GAS—03/14/15
The government of Jamaica is imposing a new gas tax, believing that requiring a seven-dollar per liter tax  on petrol will fund the mechanism, which will functions like a type of polices.. According to Dr. Peter Phillips, Finance Minister, said he expects the tax to bring in $6.4 billion.

15,000 JOBS EXPECTED FROM BPO INDUSTRY OVER FIVE YEARS—03/17/15
The Business Outsourcing (BPO) industry is set to create approximately 15,000 more jobs in a five-year period. BPO involves subcontracting different business operations to third party providers, which frees businesses to focus on their core competencies. The Jamaican government is prepared to take advantage of the opportunities linked to increased employment and will offer room for other such operations on the island.

HYLTON LABELS JAMAICA INVESTMENT FORUM AS A SUCCESS—03/18/15
Anthony Hylton, Jamaica’s Minister of Industry, Investment and Commerce, reported that the second staging of the Jamaica Investment Forum (JIF) was a success. He said that the event even exceeded his expectations and that Jamaica successfully showcased its catalog of investments to interested parties from around the world. Hylton believes that much of the interest would translate into solid investments.

IMPORTS OF POULTRY PRODUCTS RESTRICTED—03/19/15
The government of Jamaica has restricted the imports of poultry products from the United States and Canada regions that have been impacted by avian influenza. The limits on imported poultry products have been imposed on those coming from Kansas, Arkansas, Missouri, Minnesota, California, Idaho, Oregon and Washington State. The Canadian province of British Columbia is also affected by the restrictions.

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Written by Staff Writer