Staff Writer”EAT JAMAICAN” CAMPAIGN CELEBRATED—11/01/14
The Jamaica Agricultural Society and Jamaica’s Ministry of Agriculture and Fisheries are ready to celebrate the 11th anniversary of the “Eat Jamaica” campaign. The theme of the celebration is “Grow What We Eat, Eat What We Grow.” The campaign is overseen by Sir Patrick Allen and will be celebrated in November 2014 with various activities, including its official launch, a Thanksgiving service, and an exposition.
JAMPRO HAPPY ABOUT INCREASE IN WORLD BANK RANKING—11/02/14
The National Competitiveness Council, which is managed by the Jamaica Promotions Corporation (JAMPRO), is welcoming the fact that Jamaica has risen from a ranking of 94 to 58 in the Doing Business 2015 overall economy rankings. Doing Business 2014 is the latest edition of the annual report from the World Bank, which assess government regulations that impact business activity.
PROFITS FOR RED STRIPE RISE 160 PERCENT—11/03/14
According to Desnoes & Geddes Limited, which trades as Red Stripe Jamaica and make a range of alcoholic products, had a net profit of $3.15 billion for the year ended June 2014. This represents an increase of 160 percent over the same period for 2013. Richard Byles, chairman of the firm, said his company achieved the increase in a period of economic reform, depreciation of Jamaica’s dollar, and tight consumer buying power.
FIRST MEDICAL MARIJUANA FIRM LAUNCHED BY DR. HENRY LOWE—11/04/14
Jamaica’s Dr. Henry Lowe and his partners have started the first medical marijuana company on the island. They are planning to create a global brand of “Medicanja” and are waiting for approval from regulators for their start-up enterprise. Medicanja Jamaica Limited will market products made with medicinal cannabis by Bio-Tech R&D Institute, the parent company. Lowe is the executive chairman and chief scientist for both the manufacturing and clinical trials firm and the medical ganja business.
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