THE Kingston Freeport Terminal Limited (KFTL), operators of the Kingston Container Terminal, is now in a mad rush to clear congestion at the port as the busy Christmas period approaches. KFTL said the delays caused by the congestion “have been creating challenges for our importers and exporters”. The Jamaica Manufacturers and Exporters Association (JMEA), which said it is also monitoring the situation, noted that none of its members has reported being affected as yet.
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, brings remarks at the launch of the VM Financial Group Business Finance Suite in association with the Development Bank of Jamaica (DBJ) and the Jamaica Manufacturers and Exporters Association (JMEA). The event was held at the Terra Nova All-Suite Hotel in St. Andrew on Tuesday (October 24).
With weeks to go before the busy Christmas period, the Kingston Freeport Terminal Limited (KFTL) says it’s again facing bottlenecks at its port but is working to have the issue resolved by mid-November.
In a statement to the pres, KFTL said it has been experiencing challenges with vessels operated by certain shipping lines, primarily due to an increase in transshipment volumes and the slow retrieval of the goods from feedering networks which have not been able to keep pace with the recent influx of containers.
Kingston Freeport Terminal Limited (KFTL) says it anticipates that the issues causing vessel delays at its facilities will be rectified by mid-November.
In a media release on Wednesday, KFTL acknowledged that the delays have been creating challenges for importers and exporters, especially with the Christmas season approaching.
Following her conferral with the Order of Distinction in the Rank of Officer, on National Heroes’ Day, Michelle Chong, CEO of Honey Bun and founder of the Honey Bun Foundation, celebrated the honour with an intimate reception comprising close family, friends and colleagues. The reception was held at Chez Maria, St Andrew, on Monday, October 16.
Local soap maker Blue Power Group is reporting that it achieved impressive first-quarter results, despite the difficult global business climate.
The Jamaican company recently announced a 449 per cent, or J$31 million increase in profit, in its financial results for the first quarter of 2023, ended July 31. This is in comparison to the same period in the previous year.
The Jamaica Manufacturers and Exporters Association (JMEA) has embarked on a trade mission to The Bahamas prospecting for business.
The Bahamas is hosting five JMEA member companies with the goal of increasing trade in the Caribbean, namely FosRich Company; Spur Tree Spices; Dynamic Chemicals, Jamaica Broilers and Thomovybes Manufacturers and Distributors Company.
In the midst of a rapidly changing world marked by global shifts, inflationary pressures, and ongoing conflicts, the importance of productivity and competitiveness has never been more pronounced.
The COVID-19 pandemic exposed vulnerabilities in our economies and, as we rebuild, organisations like the Ministry of Labour and Social Security’s Jamaica Productivity Centre (JPC) play a pivotal role in charting the course towards a more resilient and prosperous future.
At its core, productivity
In an effort to foster strategic partnership for the trading of goods throughout The Bahamas and the Caribbean region, the Jamaican Manufacturers and Exporters Association (JMEA), along with The Bahamas Trade Commission, launched its first ever JMEA trade mission. The event held at the Access Accelerator, SBDC office on Gladstone Road, was geared towards bringing together over 30 businesses from Jamaica to The Bahamas for the exchange of trade secrets as well as business collaborations for future exports. Deputy chair of the Bahamas Trade Commission, Senator Barry Griffin spoke on the importance of trade in The Bahamas.
The Bahamas says regional countries should implement article 238 of the Economic Partnership Agreement with the European Union that would allow for the same concession when trading between Caribbean Forum countries.
Director of Trade and Industry, Brickell Pinder, told a visiting Jamaica Manufacturers and Exporters Association trade mission, that the regional private sector should advocate for the implementation of EPA article.