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Port Royal Welcomes First Cruise Ship

The historic town of Port Royal, in Kingston, welcomed its first cruise ship, the Marella Discovery II, on Monday (January 20).

It was also the first time that a ship was stopping at the newly constructed Port Royal Cruise Port, constructed by the Port Authority of Jamaica (PAJ).
After the ship docked at approximately 8:00 a.m., Ministers of Government, led by Prime Minister, the Most Hon. Andrew Holness, toured the new facility and welcomed the passengers to the island.

Addressing the media, Minister of Tourism, Hon. Edmund Bartlett, said this is a historic day for the country, which should bring many economic benefits.

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Confidence in Jamaica Leads to Investments – GAP

Mexican company, Grupo Aeroportuario del Pacifico (GAP), says the level of investments made in Jamaica is indicative of its belief in Jamaica and the country’s prospects for growth.

The firm officially took over management of the Norman Manley International Airport (NMIA) last October, through its local subsidiary, PAC Kingston Airport Limited (PACKAL), under a 25-year concession agreement.
Chief Executive Officer (CEO) of GAP, Raul Revuelta, said the investment decision rested heavily on the strides that Jamaica has been making.

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Styrofoam Ban Takes Effect

As of January 1, 2020, the Government will impose a ban on the local manufacture, distribution and use of expanded polystyrene foam products used in the food and beverage industry.

This is being done as part of initiatives to place greater focus on pollution control.

Speaking in an interview with JIS News, Senator Matthew Samuda said that public education has been done and he is comfortable that people are aware.

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Positioning Jamaica as International Centre for Arbitration

Minister of Justice, Hon. Delroy Chuck, says the Government will be pushing for more persons to make use of alternative dispute resolution (ADR) in settling disputes as the Administration seeks to position Jamaica as an international centre for arbitration and mediation.

He said that the Government wants to see greater use of ADR by neighbours, communities, businesses, and other parties that are in conflict.

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Ease of doing business fuels investments in Jamaica

The size of the Chinese investments in Jamaica is said to be around US$3 billion and growing, leading many persons to wonder what the attraction is. It turns out that it is easy for Chinese firms to set up shop in Jamaica, and they are loving it – even the test of wringing profits out of challenging businesses. That is the sentiment of China’s top diplomat for economic and commercial affairs in Jamaica.

Jianghong Fan, counsellor for economic and commercial affairs at the Embassy of the People’s Republic of China in Jamaica, told the Financial Gleaner in an interview that the operators of Chinese businesses – state-owned and privately run – are pleasantly surprised at how easy it is to incorporate and do businesses in Jamaica.

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