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table of contents 14 2015 WHO’S WHO IN JAMAICA BUSINESS 2014/2015

COUSINS PUBLISHING LTD. TEAM:

Produced and Created by: Cousins Publishing Ltd.

Paul R. Lewis Director, Publisher

Edited by: Din Duggan, Paul R. Lewis

Din Duggan Director, Publisher

Advertising: Alrick Wynter, Wynte Nicolette Dewar Cover Design / Photography: Corey Hamilton Production / Layout: Corey Hamilton Writers: Petulia Clarke, Din Duggan, Milton Samuda, Dr. Eric Deans Production Counsel: Delrose Campbell

Cover Image: Illustration of The Montego Bay Convention Centre, Montego Bay, Jamaica The “Who’s Who” logo is a registered trademark of Prestige Business Publications Ltd., used under license to Cousins Publishing Ltd.

Richard Lewis Senior Advisor; Publisher, Publishe Who’s Who in Trinidad & Tobago Business Corey Hamilton Production Director Alrick Wynter Sales Associate Nicolette Dewar Sales Associate

Copyright © 2014 Cousins Publishing Ltd. All rights reserved Cousins Publishing Ltd. 22b Old Hope Road Kingston 5, Jamaica WI Email: info@whoswhojamaica.com Website: www.whoswhojamaica.com


table of contents

INSIDE COVER UHY DAWGEN BUSINESS ICON DENNIS LALOR, OJ 1 REMAX ELITE MONTEGO BAY CONVENTION CENTRE 4 COUSINS PUBLISHING MAP OF JAMAICA 5 GUARDSMAN GROUP LOGISTICS HUB INITIATIVE  ESSAY FROM DR. ERIC DEANS 6 PUBLISHERS' NOTE JAMAICAN EMBASSIES, HIGH COMMISSIONS & PERMANENT MISSIONS 7 ROYALTON WHITE SANDS TRIBUTE: FRANCIS "PACO" KENNEDY, CD LATE PRESIDENT OF THE JCC 8 SALADA FOODS SA GOVERNMENT OF JAMAICA 9 JAMPRO DIPLOMATIC MISSIONS IN JAMAICA 10 MESSAGE  PRIVATE SECTOR ORGANISATION OF JAMAICA PSOJ FAST FACTS  JAMAICA 10 MESSAGE  JAMAICA EXPORTERS' ASSOCIATION INDEX BY SURNAME 11 MESSAGE  JAMAICA MANUFACTURERS' ASSOCIATION SPANISH COURT HOTEL 11 MESSAGE  JAMAICA CHAMBER OF COMMERCE

16 17 17 18

CARIBBEAN AIRLINES NMIA AIRPORTS LIMITED BRITISH AIRWAYS FIDELITY MOTORS

22 & 23 SAGICOR 24 & 25 PROVEN WEALTH LTD. 26 CIBC FIRST CARIBBEAN INTL BANK CIBC 27 SCOTIABANK GROUP 28 ADVANTAGE GENERAL INSURANCE 29 ICD GROUP 30 MAYBERRY INVESTMENTS 31 JAMAICA MONEY MARKET BROKERS JMMB 32 JAMAICA NATIONAL BUILDING SOCIETY JNBS 33 FINANCIAL SERVICES COMMISSION 33 THWAITES FINSON SHARP

36 UNIVERSITY OF THE WEST INDIES 37 MONA SCHOOL OF BUSINESS & MANAGEMENT

40 41 41 42

CENTURY 21 COLDWELL BANKER GM REALTY MULLINGS ALLEN

12 13 43 51 62 63 69 71 84 85 & 86 86

CEMEX JAMAICA LIMITED COFFEE TRADERS TAI FLORA PEAK BOTTLING THE STATIONERY CENTRE GC & ASSOCIATES

46 47 48 49 50 50

UHY DAWGEN KPMG GREAT PEOPLE SOLUTIONS ERNST & YOUNG MILESTONE ENVIRONMENTAL ECKLER DUGGAN CONSULTING FACEY LAW DELROSE A.M. CAMPBELL NIGEL JONES & COMPANY THE BUSINESS DISTRICT THE HERALD PRINTERS JAMCOPY

54 55 56 57 58 59 59 60 60 60 61 61 61

GUARDSMAN GROUP 66, 67 & 68 DLM GROUP HAWKEYE AND RANGER 70

KINGSTON WHARVES 74 DHL EXPRESS JAMAICA 75

COLUMBUS BUSINESS COMMUNICATIONS FLOW 78 & 79 FUJITSU CARIBBEAN 80 PRODUCTIVE BUSINESS SOLUTIONS PBS 81 SYNCON TECHNOLOGIES 82 HAMILTON MULTIMEDIA 83 THE GLEANER COMPANY INSIDE BACK COVER OUTSIDE BACK COVER COUSINS PUBLISHING LIMITED OU


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in Jamaica Business

Publishers’ Note

For the second consecutive year, Cousins Publishing is pleased to bring you the most dynamic business-networking tool in Jamaica – a repository of the very best organisations in Jamaican business, as well as their phenomenal leadership teams. This year’s effort has been even more fulfilling than last year’s, given the tremendous economic headwinds our nation has encountered on its journey to secure its economic promise. The past 12 months have been challenging for Jamaica in many respects – belt tightening as mandated by the International Monetary Fund (IMF), a depreciating dollar that has pinched purchasing power, and a viral epidemic that has and continues to batter the nation’s productivity. Despite the challenges, Jamaicans and the Jamaica business community continue to persevere and, in many cases, excel. The expectation of many in the business community is unmistakable – Jamaica’s struggles and the perseverance of her people cannot and will not be in vain. Like old time Jamaicans are keen to say: “if you want good, your nose has to run.” This has been a year of runny noses. Our efforts at systemic economic reform, prompted largely by IMF mandates, have not been easy but they have been necessary. They have also begun to bear fruit – Jamaica’s ranking in the recent World Bank Doing Business Report surged 27 places to 58 (out of 189 economies). For our collective and concerted efforts, our struggles, and our sacrifices, good must and surely will come. This publication is a testament to the resilience and grit of the Jamaican economy and its constituent parts. These parts – the organisations featured within these pages – are the very best of the Jamaican business community – small, medium, and large enterprises whose leaders have worked assiduously to keep the economic engine of Jamaica churning. Here He you will find the most indomitable and innovative organisations in Jamaica – small, nimble yet sophisticated operations poised for, if not already undergoing, incredible growth; medium-sized institutions on the verge of exploding into the business stratosphere; and large enterprises whose names resound across Jamaica and increasingly around the globe. In addition to corporate entities, the publication features the forward-thinking academic institutions that are equipping Jamaicans with the requisite knowledge to excel in a global economy. Government bodies that are working ardently to ensure an accessible and navigable business landscape are also showcased. These organisations and their fearless leaders are the standard bearers of Jamaica’s coming economic resurgence. Sharing these pages with them is a pioneer of Jamaican business – Dennis Lalor – who has spent a career laying the foundation on which many of these organisations have been built. We also pay homage to a stalwart of Jamaican commerce and community – Francis “Paco” Kennedy – who we recently lost. Throughout this publication you will find heavy doses of the economic prescription that will propel Jamaica’s growth – continued development of sophisticated small and medium enterprises, export oriented entities, and Jamaica’s burgeoning logistics capabilities. For all the information packed into this resourceful publication, there is immensely more available to you via our dynamic website – www.whoswhojamaica.com. These dual resources constitute the most powerful combination of networking tools available to players in the Jamaican business community and those – both foreign and domestic – looking to enter the game. It is with great pleasure and pride that we bring you this edition of Who’s Who in Jamaica Business 2014-2015. Paul R. Lewis and Din Duggan Publishers

Paul R. Lewis

6 | Who’s Who In Jamaica Business // 2015

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Who’s Who In Jamaica Business // 2015

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THE MESSAGES

in Jamaica Business

Message from

Message from

Christopher Zacca

Marjory Kennedy

The Private Sector Organisation of Jamaica (PSOJ) commends Who’s Who in Jamaica Business, on the publication of its second issue.

The Jamaica Exporters’ Association continues to support economic development in Jamaica through the rapid growth of the non-traditional export sector. There should be no doubt about the direct relationship between a vibrant, expanding export sector and growth in the economy.

The Private Sector Organisation of Jamaica (PSOJ) President

A publication like this one is a highly valuable and necessary tool in our efforts to promote Jamaican businesses, both locally and overseas, and encourage investments, which we expect to see more of as our economy continues to slowly improve. We expect this improvement to be reflected in the appreciation of the local currency against the three major trading currencies, the relatively low inflation out turn for the calendar year to date, declining interest rates, improvement in the Net International Reserves, narrowing of the current account deficit, improvement in the stock markets, and continued improvement in tourism and remittance levels. The last four quarters have all shown real GDP growth, and it is cautiously expected that in the short term, this growth should continue due to improvements in Agriculture, Mining, Construction and Hotels and Restaurants; cautiously, because the effects of the drought and recent chikungunya outbreak could dampen growth prospects. Yet despite all these achievements, there is still much to be done. We continue to work towards the creation of a competitive and business friendly environment, which includes an efficient and accountable public sector bureaucracy, establishment of proper law and order, control of criminal activities, competitive energy costs, and internationally competitive physical facilities and environmental practices. Without dramatic improvement in competitiveness we won’t be able to achieve the levels of productivity that will allow us to earn the foreign exchange we vitally need to grow, through exports of goods and services, and through import substitution. The PSOJ is confident that in the long run, we will be able to realize the vision of a competitive and business friendly society, as long as we remain true to the current reforms. We therefore continue to look toward the government for the necessary leadership, supported by the public and private sectors, labour, and civil society. CHRISTOPHER ZACCA, CD, JP PRESIDENT THE PRIVATE SECTOR ORGANISATION OF JAMAICA The Carlton Alexander Building • 39 Hope Road, • Kingston 10, • Jamaica, W.I. Tel: (876) 927-6957-8, 978-6795-6, 978-6798 • Fax: 927-5137 Email: psojinfo@psoj.org • Web: www.psoj.org

10 | Who’s Who In Jamaica Business // 2015

Jamaica Exporters’ Association (JEA) President

The Association offers technical and operational assistance to its members and assists with access to finance. We interact continuously with Government Ministries and Agencies and play a major role in influencing policy decisions to ensure “ease of doing business “for exporters. The Association continues to work with Jampro and the Trade Board as we seek to develop further the National Export Strategy in order to make it a useful document, a strategic plan that can be used as a road map by exporters. We are also working with the Mona School of Business and Management in a bid to communicate the importance of exports and how vital the sector is to the Jamaican society. We look forward to the development of the Special Economic Zones as well as the Jamaica Logistic hubs, both of which we see as critical in providing opportunities for the productive sector and the expansion of exports. We applaud the effort by the Government to spend the time to develop a suitable regulatory framework to facilitate these new ways of doing business and their continuous consultation with the Private sector and International Agencies. We also look forward to the further development of trade in services as this sector, which has not been given the focus it deserves over the years provides another opportunity for rapid growth in the export earnings from the country. The JEA commends all exporters for their contribution to build Brand Jamaica. We urge all Jamaicans to focus on ways to participate in the sector as it remains a critical component for growth and development of our beloved country. MARJO MARJORY KENNEDY PRESIDENT JAMAICA EXPORTERS’ ASSOCIATION. 1 Winchester Road, Kingston 10, • Jamaica W.I. Tel: (876) 960-4908 | 968-5812 • Fax: (876) 960-9869 Email: info@exportjamaica.org • Web: www.exportjamaica.org


THE MESSAGES Message from

Message from

Brian Pengelley

Warren McDonald

The Jamaica Manufacturers’ Association Limited (JMA) President

in Jamaica Business

The Jamaica Chamber of Commerce (JCC) President

The Jamaica Chamber of Commerce (JCC) is the Voice of Business in Jamaica. Founded in 1779, the Chamber continues to be a democratic organization comprised of businesses and professionals working together to build and promote a healthy economy and improve the quality of life in our country. The Chamber continues to work closely with Government Ministries as a link between the private and public sector for the creation of initiatives and the removal of obstacles to sustainable development. The JCC’s primary function is to ensure the most favourable environment for the effective and profitable operation of businesses through service provision and specific activities carried out in its role as economic advisor and business advocate. These include lobbying government on matters affecting trade, industry and commerce; facilitating linkages between our members and local and overseas sources and outlets for goods and services; facilitating ingoing and outgoing trade missions; advising members of proposed changes in government policies as they affect commerce; acting as arbitrator in commercial disputes; maintaining links with International Chambers of Commerce to ensure members direct access to specific information on products, markets and companies internationally; providing counseling/assistance to members with specific problems; and through the provision of forums, seminars and events to allow the networking of member companies. Through outstanding business leadership, visionaries and entrepreneurs working together with our members over many generations, the Chamber stands fully committed to actively attract investments, boost trade and advocate and promote good national governance and a healthy business, social and natural environment in Jamaica. WARREN MCDONALD PRESIDENT THE JAMAICA CHAMBER OF COMMERCE Suite 13 – 15, UDC Office Centre Building 12 Ocean Boulevard • Kingston • Jamaica, W.I. Tel: (876) 922-0150-1; (876) 922-4857 Fax: (876) 924-9056 Email: • Email: info@jamaicachamber.org.jm Web: www.jamaicachamber.org.jm

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BUSINESS ICON

in Jamaica Business

He is one of Jamaica’s most treasured sons; a businessman, philanthropist and polo aacionado whose efforts have made him an insurance industry and Jamaica business icon. Born in 1934, the Honourable Dennis Hugh Lalor, OJ, is the founder and Chief Executive Officer of ICWI Group Limited, which he has built into one of the largest full-service nancial institutions in the Caribbean. The son of Gerald and Daisy Lalor, Dennis, a chartered insurer, is a Kingston College alumnus, who entered the working world with big dreams of being his own boss. Lalor spent the rst 10 years of his working life with an insurance corporation, but always imagined owing his own business. He proved his mettle, when in 1958 he became one of the rst West Indians to qualify as an associate of the Chartered Insurance Institute in London — the premier professional organisation in the insurance and nancial services industry. In 1968, armed with experience and ambition, he founded the Insurance Company of the West Indies (ICWI), the rst fully Jamaican-owned general insurance company. Indeed, Lalor’s investment signalled a new source of pride for the country, at a time when many Jamaicans were still intoxicated by the spirit of their newfound independence, and when most general insurance businesses in the West Indies were foreign-based. Lalor, who is now chairman of the board of directors of ICWI Group Limited and its subsidiaries, saw ICWI as a solution for retaining earnings locally. Not one to rest on his laurels, it didn’t take long for Lalor and ICWI to embark on an expansion drive, acquiring a number of companies in the insurance industry, starting in 1977 with the Insurance Company of Jamaica. Between 1978 and 1986, Motor Owners Mutual Insurance Association, Crawford Insurance Brokers, Life of Jamaica Limited, and Re-Insurance Company of Trinidad and Tobago (TrinRe) followed. With these acquisitions, the more expansive ICWI Group was born. Spanning seven decades, his has been a run of extraordinary success. Lalor has said that every corporation he acquired has at least quadrupled earnings within three years - an extraordinary achievement in a competitive industry. Along with his instinct for business, giving back also comes natural to Lalor, whose life holds true to the saying, ‘service above self.’ Even with a hectic business schedule, he nds the time and energy for public service. “People who risk years of their lives and much of their personal wealth to start new businesses are motivated by more than money,” he has said. “Making money does not oblige people to forfeit their conscience.” True to these words, Lalor has held various service posts, including chairman of the Lister Mair-Gilby School for the Deaf and deputy chairman of the Jamaica Association for the Deaf from 1978-1982; member of the Privy Council of Jamaica (1990); and chairman of the University of the West Indies (UWI) Development and Endowment Fund (1988). In 1993, in conjunction with the Caricom Heads of State, he formed the US$50 million Caribbean Investment Fund, designed to strengthen capital markets in the region. For his work, Lalor has received numerous awards and accolades. He was conferred with the Order of Jamaica in 1994, an honour bestowed upon Jamaican citizens of outstanding distinction. In 1979, he was awarded the Jamaica Gleaner Certiicate of Merit for outstanding contribution to sports administration and nancial development, and in 1983 he was awarded the Prime Minister’s Medal for contribution to business and sports. In 1993, the Gleaner awarded him again, this time a special award for public service; and in 2008 he was the recipient of the Vice Chancellor’s Award and the UWI Alumni Association Pelican Award for contribution to the development of and dedicated service to the university. In 2007, Lalor was recognised by the International Insurance Society for his distinguished service to the insurance industry and was conferred with the title of ambassador Lalo Lalor’s philanthropic reach stretches well beyond Jamaica’s shores — he has the distinction of being the rst non-US citizen elected to the board of the Washington-based Council on Foundations (a non-proot membership association of grant-making foundations and corporations), where he now serves as council associate. He is also board member of the Centre on Philanthropy & Civil Society (City University of New York). As president of the Private Sector Organisation of Jamaica (PSOJ) from 1990 to 1992, Lalor led at a time when the organisation played a critical role in collaborating with Government on its programme to liberalise the country’s economy. For his service to the organisation, he was inducted into the PSOJ Hall of Fame in 2007. Lalor still nds time for his passions — he is a lover of horses and an accomplished polo player. As former chairman of the Jamaica Racing Commission, he introduced a school for jockeys, and established minimum educational qualiications for all participants in horse racing. He also chaired the Betting, Gaming and Lotteries Commission, where he introduced liquidity requirements for licensed bookmakers – strengthening the industry’s capital base and protecting the betting public and Government’s revenues. In 1989, Lalor was inducted into Jamaica’s Hall of Fame of Thoroughbred Racing and received the Thoroughbred Breeders Regency Award for service to the horseracing industry. His love for horses extends beyond the track. In polo circles, he is known as ‘El Heffe’ or ‘The Honourable.’ He is president of the Jamaica Polo Association and the Kingston Polo Club. Having excelled in all of the areas he has been called to serve, Lalor continues to tackle new challenges. In 2008 he was appointed to the board of Air Jamaica Limited and chairman of the Privatisation Committee tasked with ensuring smooth divestment of the national carrier. In 2010 he was appointed chairman of the Casino Gaming Commission and in 2014, to the Jamaica Anti-Doping Commission and the board of management of the GC Foster College of Physical Education & Sports. A family man, Lalor is husband to Diane and dad to Paul, president of ICWI. “ The people who get on in this world are the people who get up and look for the circumstances they want, and if they can’t nd them, they make them,” Lalor has said. His has been and continues to be an exemplary life – in business, philanthropy, and sports. As our nation’s businessmen and women earnestly seek models of success, they would be well advised to look no further than the life and career of the Honourable Dennis Hugh Lalor, O.J., an extraordinary Jamaican and the Who’s Who in Jamaica Business 2014-2015 Business Icon.

12 | Who’s Who In Jamaica Business // 2015


AVIATION

The air transport industry is seen as a critical driver of Jamaica’s economic and social development, and as such Jamaica’s two major airports have undergone infrastructural expansion programmes to meet international guidelines. The construction of two new airport towers at the Norman Manley International Airport (NMIA) and Sangster International Airport (SIA) is in keeping with increased traffic at the airports, as well as Government's plan to further expand the industry. Though the air transport industry was impacted by a number of factors in 2013, total passenger movements for the island increased over 2012 figures. Total volume for 2013 was 4,862,464, compared with 4,860,624 in 2012. The increase in passenger movement is attributed to the improvement in traffic volumes at SIA. There was a decline of seven per cent to 1,372,869 at the NMIA for 2013 over 2012, blamed on issues including the cessation of flights by Virgin Atlantic and British Airways; and the reduction of flights by Caribbean Airlines (CAL) on a number of its major routes. The improvement at SI SIA was attributed to the addition of new flights by airlines, including Candor Airlines out of Munich, Germany. There was also the increase in service by Delta Airlines, improvement in the load factors by some airlines, and commencement during the October to December 2013 quarter of some non-stop seasonal flights. Between January and July 2014, total passenger movement at SIA was 356,194 with a total aircraft movement of 3,527. Three domestic aerodromes continued to move passengers internally, though passenger traffic contracted during 2013, with reduced flows at Tinson Pen, Negril and Ken Jones aerodromes. Approximately 1,880 passengers passed through the Ian Fleming International Airport in 2013, 467 fewer than in 2012.

14 | Who’s Who In Jamaica Business // 2015


On offer is the latest in luxury, power and cutting edge technology, as well as affordable and environmentally friendly vehicles that are on par with global trends. Jamaica Trade Board figures for both new and used cars have shown that local car importers continue to bank on the trusted Toyota brand for sales, while in the luxury segment, BMW, distributed by Stewart’s Automotive Group, is the top import. These figures, based on orders placed in 2013, were compiled by the Jamaica Gleaner in April, 2014, and showed that the demand for Toyota — 35 per cent of all vehicle import permit applications — was almost double that of its closest rival, Nissan — 19 per cent; and Honda, third, with 13 per cent. Toyota Jamaica Limited is the local dealer for Toyota; Fidelity Motors Limited for Nissan; and ATL Automotive for Honda. Other brands in demand were Mazda, distributed by Executive Motors Limited; Suzuki, also distributed by Stewart’s, and Volkswagen, also distributed by ATL. In the premium luxury segment, Stewart’s BMW and Mercedes Benz were most in demand; followed by Audi, distributed by ATL. Jamaicans also sought to import 10 Cadillacs, seven Porsches and 23 Jaguars in 2013 as well. Various challenges have been listed by the heads of both the new car umbrella group, Automobile Dealers’ Association of Jamaica – which has 16 registered dealers – and the Jamaica Used Car Dealers’ Association (JUCDA), which represents 45 auto traders. Both groups had predicted that 2014 would have been a bumpy ride for their respective sectors, with no increase in sales over 2013. The problems were pinned to factors including the rapidly devaluating dollar, as well as the introduction of a customs administration fee by the Government, which had consumers digging deeper into their pockets to acquire motor vehicles.

For JUDCA, 2013 sales dipped approximately 15 per cent while importation dipped five per cent compared to 2012. Industry dealers also took issue with the new Motor Vehicle Importation Policy (MVIP) which took effect in April 2014, and which now requires dealers to provide additional warranties to vehicle buyers, beyond the three months they previously offered. Concerns were raised that the MVIP would force new conditions of sale on consumers that would end up costing them more for their vehicles in the long run. The industry has responded in several ways to the various challenges expected from the projected sales decline. ATL, for example, has employed cost saving measures, and in February 2014, invested in a state-of-the-art solar system that is providing 30 per cent of the power consumption of its Audi terminal and Volkswagen showroom at its Oxford Road, St Andrew store. On Government’s agenda, in the meantime, is an anticipated expansion of the automotive industry. The hope is that the development of the planned logistics hub will encourage automotive companies to use the island as a base for assembling vehicles that are destined for consumer markets across the Americas. Such is the dream of Industry and Commerce Minister Anthony Hylton, who stated at the launch of the Wealth Auto Show in July 2014, that the industry has made many gains, and has a far way to go. The Government is positioning Jamaica as the fourth global logistics connecting point, comparable to Singapore, Dubai and Rotterdam, in an effort to help transform Jamaica’s economy and create jobs. The initiative is geared towards achieving continued growth, plugging Jamaica into the global value chain and bringing significant investments to the island. The hub will allow Jamaica to capitalise on increased trade flows through the region as a result of the expansion of the Panama Canal in 2015.

AVIATION & AUTOMOTIVE

Who’s Who In Jamaica Business // 2015

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AVIATION & AUTOMOTIVE Who’s Who In Jamaica Business // 2015

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Who’s Who In Jamaica Business // 2015

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There has been much improvement in the stability of the banking and finance sector over the last year, driven by factors including a reduction in foreign exchange risk and improvements in institutions’ profitability and asset quality. In fact, at the end of 2013 the finance and insurance services industries were projected to grow in 2014, encouraged in part by renewed optimism from the country’s passing of its International Monetary Fund (IMF) tests, as well as financial capital expansion. In May 2013, The IMF approved a four-year Extended Fund Facility of US$932 million to facilitate the Government’s economic reform agenda to stabilise the economy. Jamaica's most pressing challenge is perhaps the country’s debt, estimated by the World Bank in March 2014 at 141.6 per cent of GDP. This has significantly hampered the country’s economic growth. In February 2013, financial institutions agreed to participate in the National Debt Exchange (NDX) programme, which saw them sacrificing billions of dollars in earnings. Soon after, other large bondholders were called to participate in a private swap of Government securities for new bonds with lower coupon rates and longer tenures. This led to financial institutions writing off more revenues and immediately, as a result of the debt exchanges, reporting losses on their assets, decline in profits, and reduced interest earnings. But during 2013, the Bank of Jamaica (BoJ) said institutions within the financial sector remained broadly profitable and adequately capitalised despite the impact of the NDX, weak domestic economic conditions, and slow global growth. The BoJ’s Banking Stability Index, released in July 2014, showed that the stock of bank lending continued to increase during 2013. Jamaica has a relatively large, interconnected financial system with deposit-taking institutions having the largest market share at 37.1 per cent. Securities dealers also play a substantial role in the financial system, accounting for 20.2 per cent of market share.

In 2013, the finance and insurances services industry grew by an estimated 0.5 per cent compared to the previous year. The growth resulted from an increase in net interest income at commercial banks; higher revenue generated from fees, service charges and commissions; an increase in net premium income at insurance companies; and a rise in returns from investments. The institutions have been seeking to minimize risk by engaging the services of credit bureaus. Under the Credit Reporting Act 2010, entities have been granted licenses to establish credit bureaus in Jamaica, to provide credit information to lenders. These entities are expected to help revolutionise the local finance sector by allowing lenders to better assess the creditworthiness of customers and offer more competitively priced credit facilities with more efficient processing times. The licensed credit bureaus now have credit information access from a wide cross section of companies — including commercial banks, credit unions, building societies, microfinanciers, development institutions and hire purchase companies. The industry experienced consolidation, in 2014. In June, Sagicor Group announced that it had received regulatory approval for the acquisition of RBC Royal Bank, pushing Sagicor to the number three spot up from sixth in terms of commercial bank assets. As a result of the acquisition, the number of deposit taking institutions regulated by the BoJ has declined to 12, with total assets at $977.2 billion up to the end of 2013. The total number of life insurance companies has remained at six, with net earnings of $23.9 billion at the end of 2013. The industry performed positively in 2013 despite a decline in the number of policies sold, which fell by 30,152 to 125,448. At the end of 2013, the total number of general insurance companies stood at nine compared to 11 in 2012. Collectively, the companies amassed a net profit of $4.9 billion in 2013.


Additional activities by life and general insurance companies have contributed to the growth of the industry. Net investment income and net premium income have increased, as have funds managed by insurance companies, securities firms, unit trust management companies and others. In 2013, there were several legislative developments put in place to formulate policies to protect the banking and insurance industries and encourage economic growth. These included the Financial Investigations Division (Amendment) Act, changes for which were passed in Parliament in July 2013, and which are expected to, among other things, address money laundering practices and financing of terrorism, thereby enhancing the nation’s reputation in the international community. Also, a proposal to amend the Insurance Act aims to support the legislative framework of the insurance industry as well as harmonise certain provisions with other financial sector legislation. Additional drafting instructions were also submitted to have the BoJ (Amendment) Act reviewed, so the BoJ can have greater institutional responsibility to ensure stability of the financial system. The Omnibus Legislation Bill is seeking to consolidate the provisions of the Banking Act, Financial Institutions Act and the Bank of Jamaica (Building Societies) Regulations into one legislation. It is expected to include amendments that will give the BoJ more supervisory responsibilities for deposit-taking institutions. In 2013, the Financial Services Commission (FSC) said it received 181 complaints about the banking and insurance services industry. The insurance industry accounted for 141 complaints, followed by the pensions industry with 26 and the securities industry with 14. Within the insurance industry, the largest number of complaints was for delays in claim settlement and claims not honoured by the insurer. Despite this, in February 2014, the Insurance Association of Jamaica hailed the work of the FSC in ensuring the integrity of the industry

BANKING, FINANCE & INSURANCE


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Add regional strength to your Financial Services About CIBC FirstCaribbean International Bank CIBC FirstCaribbean International Bank is the largest, regionally-listed bank in the English- and Dutchspeaking Caribbean, serving over 500,000 accounts in 17 markets through 3,400 staff across 100 branches and offices. The bank offers a full range of market-leading financial services in Corporate Banking, Investment Banking, Treasury Sales and Trading, Retail Banking, Platinum Banking, and Credit Cards.

Nigel Holness

Douglas Cupidon

Berisford Grey

Managing Director nigel.holness@cibcfcib.com

Head of Corporate Banking douglas.cupidon@cibcfcib.com

Executive Director, Investment Banking berisford.grey@cibcfcib.com

CIBC FirstCaribbean is a member of the CIBC Group. CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world. CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor's.

The Jamaica Experience If you require access to Retail or Platinum Banking, Corporate Investment Banking, Treasury Services, come in and talk to us at FirstCaribbean International Bank (Jamaica) Limited. We offer the strength of the region's largest publicly traded bank, strong international experience, and extensive local expertise.

Yashi Hall

Mario Watts

Associate Director, Investment Banking yashi.hall@cibcfcib.com

Country Treasurer mario.watts@cibcfcib.com

Owen Francis

Robert Wright

District Manager owen.francis@cibcfcib.com

District Manager robert.wright@cibcfcib.com

Our Portfolio of Services includes: • Retail Banking • Platinum Banking • Equipment and Vehicle Financing • Mortgage Financing • Credit Cards

• Certificates of Deposit • Investment Management • Structured Finance • Debt and Equity Placements • Bond Issuance/Underwriting

Address: 23-27 Knutsford Blvd, Kingston 5, Jamaica Tel: (876) 929-9310 Fax: (876) 929-7751 Website: www.cibcfcib.com The CIBC logo is a trademark of Canadian Imperial Bank of Commerce, used by FirstCaribbean International Bank under license.

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• Syndicated Loans and Project Financing • Foreign Exchange Trading • Energy Financing • Inventory and Receivables Financing • Other Medium to Long-Term Financing


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Mark Thompson President and Chief Executive Officer

Ruth Cummings Vice President, Channel Management and Marketing

Company Overview Advantage General Insurance Company Limited, the largest general insurance company, enjoys a rich history in the insurance industry in Jamaica. The Company which was formed in 1964, later transitioning in 1986 to United General Insurance Company Limited, recorded phenomenal growth; moving from a gross annual premium of $10 million to approximately $3.1 billion in 2005. Today this figures stands at $5.2 billion. Our Vision To be a globally recognized and innovative industry leader. Our Mission To create peace of mind for our customers: increase our value to shareholders and society by providing reliable, efficient general insurance services delivered by committed employees and strategic partners through consistently living our core values and by being a responsible corporate citizen. Our Team Guided by the Board of Directors, the accomplished and dynamic management team, led by Mark Thompson, ensures that the Company maintains its

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Odia S. Reid Clarke General Counsel

aggressive posture of improving operating results, maintaining profitability while managing exposure and striving to meet all regulatory standards. This passion for performance is further evident in the Company copping the 2008 Jamaica Employers’ Federation Employer of Choice Award in the Medium Category. In July 2010, the Company also received the third place award for its Human Resource innovations from the Human Resources Management Association of Jamaica (HRMAJ). Our Advantage Today, the Company which has an enviable customer base of just over 100,000 policyholders is well supported by brokers, agents and a network of 11 branches strategically located in main towns islandwide. This achievement is one of pride for the Company as it maintains a commanding lead in a highly competitive market of 9 players. This has been achieved through consistent growth which has been over 15 percent per annum for the last 36 months. Our Partners The backbone of the Company’s success has been the strong partnerships with premier reinsurers and other industry professionals, intermediaries, staff and the many loyal customers who continue to believe in Advantage General;

Sophia Smith Claims Manager

we are even more committed to surpassing the expectations of our customers through consistently living our Core Values of Respect, Integrity, Accountability and Customer Centricity. Financial Highlights The company continues to show strong growth in its underwriting business as evidenced by its increasing number of Policies in Force and Gross Premiums Written. Despite the effects of the global economic crisis of 2008/2009 and its impact on the local economy, Advantage General’s financial performance since 2010 has rebounded strongly. The Company’s operating efficiency (expense ratio) continues to improve year on year while our loss ratio has absorbed the shocks of the 2009 crisis and is now trending below 60%. Outlook The three-year plan for the Company includes the continuing drive to become the premier personal lines insurer, providing superior customer service in Jamaica and the region. It is our intention to be innovative in our service delivery to ensure and enhance “ease of doing business”, while maintaining a strong financial position.


“ICD is a well established holding company that manages diverse businesses in the Caribbean and North America. ICD invests in businesses that offer opportunities for growth and create employment.” - Vikram Dhiman (COO)

“CGM Gallagher is focused on leveraging its global expertise, regional experience and world class risk management solutions for the success of our clients.” - Matthew Pragnell (CEO)

“BCIC has grown to maintain a strong presence in the insurance market while keeping customer satisfaction our main priority.” - Peter Levy (CEO)

Your Property Experts

"AT WPL, we have the knowledge, resources and skills to combat the challenges in managing diverse real estate portfolios and upholding our high standard of service for all our clients.” - Ian Hall (CEO)

Your Property Experts

Building Communities. Building a Nation

Making A Difference

"Already serving over 40 companies in North America, ACI is proud to collaborate with ICD in Jamaica. This joint venture will expand our already growing list of technical support, corporate help desk applications and other tailored outsourcing solutions.” - Kent MacPhee (CEO) BANKING, FINANCE & INSURANCE

"We consistently surpass our unrelenting commitment to delivering affordable yet innovative quality products that have kept us as Jamaica's leading developer and contractor for the past 50 years.” - Delroy Alcott (CEO)

Better Insurance Pays

7-9 HARBOUR STREET • KINGSTON, JAMAICA • (876) 922-6670-9 • EMAIL: INFO@ICDGROUP.NET

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J

amaica’s Ministry

of Education has made early childhood development, improving special education allocation, teacher quality, tertiary education, and the provision of technical, vocational education and training (TVET) instruction its priorities for the short to long term, as it moves to world-class standards in keeping with Vision 2030 – a strategic road map to guide the country to achieve its goals of sustainable development and prosperity by 2030.

An estimated 75 per cent (806,332 persons) of the school-age cohort (three to 24 years old) was enrolled in institutions for the 2012/13 academic year.

International partners and local foundations, the Diaspora, and school alumni associations have joined the Government’s efforts. Organisations like the Digicel Foundation, JPS Foundation and Food for the Poor have been working to provide facilities for students with learning disabilities to build and repair infrastructure and furnish classrooms.

With a renewed focus on science, technology, engineering and mathematics (STEM), the ministry also began seeking to fully transform the education system to fuse the academic with TVET subjects to meet the current needs of the labour market.

Other entities like the National Commercial Bank Foundation, Scotiabank Jamaica Foundation, and the Mutual Building Societies Foundation (Jamaica National and Victoria Mutual), have also contributed to financing education initiatives. For the 2013/2014 fiscal year, the education ministry was allocated $85.7 billion for recurrent and capital expenditure, representing 17.1 per cent of the national budget, the Economic and Social Survey Jamaica (ESSJ) said in its 2013 report. Of the overall budget for education, 37.6 per cent was allocated to the secondary level; 34.1 per cent to primary; 17.4 per cent to tertiary; 3.2 per cent to early childhood; and 1.3 per cent to special education. At the tertiary level, $14.9 billion was allocated — University of the West Indies (UWI), $7.7 billion; University of Technology, $1.9 billion; community colleges, $2.5 billion; and teacher training colleges, $1.6 billion. The remaining $1.2 billion was used for special allocations. In academics, Jamaica saw improved performance in local and regional examinations. The country also saw improvement in the total percentage of trained university graduates across all levels, an increase of 52 per cent from 48 per cent in 2012.

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In September 2014, the Jamaican Foundation for Lifelong Learning – an agency of the ministry – implemented the first phase of its high school diploma equivalency programme, which affords adult dropouts the chance to get their high school certification.

As such, Cabinet approved the allocation of $1.4 billion from the Universal Service Fund to finance the acquisition of tablets for primary schools, distribution of which started in the 2014/15 school year. The HEART Trust/NTA, in keeping with the focus on improving the cohort of trained certified persons in the labour force, has aimed to increase certification options and forge partnerships to aid employment for its graduates. TVET, provided by HEART, will also be streamlined into the high school system. This will create a larger and better pool of trained personnel for the labour market. Meanwhile, during 2013, the Jamaica Teaching Council, in consultation with major stakeholders, also drafted professional standards for teacher licenses. The council is authorised to regulate and promote the teaching profession by establishing, maintaining accountability and overseeing licensing. The Government aims to have all teachers trained and certified to the degree level by 2020. Data from the ESSJ shows that some 9,798 students were enrolled in public and private sector teacher training institutions/departments in 2013, with 4,763 graduating.


UWI enrollment, across its three campuses, increased by 9.1 per cent to 15,432 students in 2013. The growth in enrollment at the Mona campus, the ESSJ said, coincided with increases in registration at its Open Campuses and in the range of programme options and offerings. The number of Jamaicans enrolled in undergraduate programmes increased by 8.7 per cent to 12,186, while for higher degrees, enrollment increased by 7.1 per cent to 3,002. In response to market demand for specialist skills, as well as developments in new knowledge intensive sectors, several new programmes and courses have been introduced at UWI. Among these, the Faculty of Science and Technology developed and obtained approval for a new bachelor’s degree in computer system engineering, which targets students desiring careers designing computer systems and devices that rely on embedded computing. Also, a first in the English-speaking Caribbean, the Faculty of Medical Sciences, at the start of the last academic year, provided each student with a tablet computer loaded with the core texts needed for their entire programme of study. This e-programme was later rolled out to 150 students in the Mona School of Business and Management’s (MSBM) MBA programmes. The MSBM continued along its growth path, signing an agreement with the Musson’s Group of Companies in February 2013 to launch a formal internship programme for MSBM students. Students enrolled in archaeology, education, entertainment and cultural enterprise management, integrated marketing and communication, journalism, library studies, modern languages and government courses benefited from internship experiences.

MSBM said it is putting in motion a range of reforms aimed at further elevating the institution's stature locally, regionally and internationally. Two major education issues made headlines in the education sector in 2014. In August, Education Minister Thwaites said the Students' Loan Bureau (SLB), was unable to meet the demand from the number of new applications it had received. Thwaites said the SLB was yet to identify $1 billion of the $1.8-billion it needed to service the new loan applications received, and it would only concentrate on students who had applied to pursue medicine, engineering, pharmacology, science, and maritime studies. After uproar about useless degrees, The University Council of Jamaica (UCJ) noted that the only tertiary institution in Jamaica with institutional accreditation was the UWI. Yvonnette Marshall, UCJ executive director, said in a column in the Jamaica Gleaner in August, in wake of concerns and complaints from students that they had read for degrees at some unaccredited local colleges, that institutions in Jamaica are expected to submit themselves and their programmes to the UCJ for evaluation. To date, the UCJ has registered 44 tertiary institutions, and accredited one university (UWI) and 255 academic programmes of study. Marshall said the UCJ was sympathetic to the plight of the affected students, and encouraged them to exercise due diligence and consult the UCJ regarding registered institutions and accredited programmes.

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There

has been significant positive activity in Jamaica’s real estate market, with some 9,286 property transactions valued at about $80 billion recorded for the fiscal period ending March 2013. Listings have increased as developers have responded to demand for middle-income houses, reports the 2014 Global Property Guide, a site for residential property investors who want to buy houses or apartments in other countries. However Jamaica is still far from a sellers market, with the performance of high-end properties trailing their middle-income counterparts. Demand is strongest for apartments, with developers seeking to maximise land space and buyers seeking to exploit the relative affordability of these properties. Realtors say many persons have been choosing to downsize from larger homes to town houses, as people seek gated complexes because of security concerns and the ability to share maintenance costs. Sales within the low-income population have also been doing extremely well, industry experts say. But the Planning Institute of Jamaica (PIOJ) said stagnant economic conditions may be curtailing debt-financed home purchases. In August 2014, the PlOJ reported declines in the number of housing starts — down 46.6 per cent; housing completions — down 42.5 per cent; and mortgage volume — down 55.4 per cent compared to 2013. The value of mortgages was also down 24 per cent, from $9.9 billion in June 2013 to $7.46 billion up to August 2014. At the National Housing Trust (NHT) mortgage values dropped 17 per cent, while at other providers — commercial banks, other banks, building societies and the Jamaica Mortgage Bank — values on average fell more sharply. However, the total value of mortgages for 2013 amounted to $37.7 billion, an increase of $9 billion relative to 2012. But for the June 2014 quarter, there were 2,821 mortgages issued, compared to 6,330 for the similar period last year.

In 2013, real estate developers looking for opportunities to invest because of low interest rates at banks were able to keep the market going, immediate past president of the Realtors Association of Jamaica Carlene Sinclair said in a Jamaica Gleaner story in March 2014. Century 21 Jamaica managing director Deborah Cumming also told the Gleaner that the market was slowly showing signs of recovery from a previous slump, pointing to increased listings as developers responded to demand for middle-income houses. She said the market is also price-driven, but noted that the sector was still a far way from reverting to a sellers' market. Buyers, spurred by low mortgage rates, had the leading mortgage providers engaging in fierce competition for their dollars. The NHT leads the mortgage market, followed by building societies, the Housing Agency of Jamaica and credit unions and insurance companies. The NHT has said that it is in a healthy position to provide services to developers and prospective homeowners and participated in an aggressive campaign by the Ministry of Transport, Works and Housing in 2013 to provide more Jamaicans with access to affordable housing. A total of 77 units were built in Hampden, Trelawny, as Government responded to the need for housing solutions for very low income earners. Another 25 were built in Meylersfield, Westmoreland. The Government is also undertaking a number of projects through partnerships with the private sector, among them the Caymanas Country Club Estate in St. Catherine, the first phase of which opened in October 2013. The NHT also approved 165 home grants of $1.2 million each in 2013 to help lower income contributors purchase solutions. In September 2014, the Realtors Association noted that there had been a rise in new residential construction, even as the local currency weakened against the United States dollar. Data produced by the PIOJ showed that, on average, borrowers sought larger loans for home purchases, but this was attributed to the Jamaican currency losing more than 25 per cent of its value against the US dollar while at the same time, the cost of the imported inputs required in housing construction has increased.


There was good news for potential buyers in 2013. In October, Cabinet gave approval for a proposed amendment to the Mortgage Insurance Act, allowing for an increase from 90 to 97 per cent for the mortgage indemnity insurance coverage of the appraised value, and for premium rates to become more flexible. Thus, instead of home purchasers being required to deposit 15 per cent as part of their sale agreement, there will be a minimum deposit of 10 per cent of the value of the property, which will include the cost for transfer tax and stamp duty. And there was positive news for sellers, too. Sinclair said the association’s multiple listing system is automatically fed into Realtor.com International and Jamaica was the second most searched country on Realtor.com's website in the month of June 2014, a phenomenal achievement for the real estate industry in Jamaica. Local properties are now added to the listings viewed on Realtor.com, which is managed by the National Association of Realtors (NAR). The association boasts a million members in approximately 80 countries, and it allows realtors to develop valuable relationships with other realtors across the globe. In March 2014, 400 local realtors were accepted into the NAR, setting the stage for greater leverage in the global market and positioning Jamaica as an ideal place for property investment to people residing overseas.

REAL ESTATE


Buy. Sell. Rent. Islandwide

Yvonne Leslie Realtor 876.574.3449

Sophia Walters Realtor 876.554.7450

Sharon Mais-Kleinhans Realtor 876.433.3521

Serene Gopaulsingh Realtor 876.872.3906

Rosalie Deane Realtor 876.383.0252

Paula Roper-Bacchas Realtor 876.862.5848

Sandra Williams Realtor 876.869.5273

Martin Gabriel Realtor 876.413.2510

Jodi Lyn Realtor 876.382.5185

Jevaughn Johnson Realtor 876.588.0087

Grace Nash Realtor 876.383.4580

Christine Klein Realtor 876.882.7199

Carol Llewllyn Realtor 876.401.7171

Beverley Palmer Realtor 876.371.0984

Angela Catnott Realtor 876.442.5344

Andrew Baston Realtor 876.383.3939

Andrea Sweeney Realtor 876.869.5315

Deborah Cumming Managing Director Broker 876.383.0104

George Cumming Executive Director 876.382.5322

Collet Kirkaldy Sales & Marketing 876.471.1589

Shaniel Daley Marketing 876.520.4896

www.century21jm.com

31 Upper Waterloo Road, Suite 10, Kingston 10 Tel: 876.969.2100 Email: c21jm@century21jm.com @c21heaveho Each Office is Independently Owned and Operated

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Roger Allen Realtor 876.469.1859


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We specialize in turning dreams into reality! At Mullings Allen Real Estate, a dedicated team of professionals specialize in providing high-quality and value added services to international and domestic buyers and sellers of real estate in Jamaica. Our sales team has a total of over 40 years professional real estate experience and extensive knowledge of the real estate market. We offer the following services for residential and commercial clients: 1. Sales 2. Rentals/Leases 3. Auctioneering 4. Property Management

Cynthia Mullings Broker/CEO

Sean Allen Marketing /I.T.

We are committed to helping you figure out what best fits your needs and budget. Suite B2 1 Braemar Avenue • Kingston 10 tel: 622-4346 | fax: 622-4358

twitter @mullingsallen • web www.mullingsallen.com 2014-DL/151

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MANUFACTURING

& CONSUMER GOODS

The manufacturing industry accounted for 8.4 per cent of Jamaica’s Gross Domestic Product in 2013, contributing US$772.5 million in total earnings from manufactured exports.

The sector — a diversified industry which has produced high-quality products and dominated exports over the last 50 years — reflected reduced earnings for both traditional and non-traditional exports, contracting by 0.8 per cent relative to 2012, with total earnings 17.7 per cent lower. This was the second consecutive annual decline, according to the Economic and Social Survey Jamaica (ESSJ) 2013 report. The sector encompasses small, medium and large enterprises, producing across a variety of industries, including ‘food, beverage and tobacco,’ and ‘other manufacturing’ – ‘non-metallic minerals and plastics,’ ‘petroleum products,’ and ‘chemicals and chemical products’ – to satisfy both the local and international demand. In 2013, the sector provided employment for 6.5 per cent of the total labour force, or 71,875 persons compared with 76,950 persons in 2012. The ESSJ said the average employment decline was consistent with a fall-off in production levels. The year saw declines in the ‘food, beverages and tobacco’ and ‘other manufacturing’ subsectors of the industry. The fall-off, the ESSJ said, was mainly driven by lower production of sugar, molasses, beer and animal feeds. In the ‘other manufacturing’ component, the slump was primarily attributed to reduced output within the ‘petroleum products’ and ‘chemicals and chemical products’ categories, the ESSJ said. There was a 31.8 per cent fall-off to US$105.6 million in the value of total traditional manufactured exports compared to 2012, which the ESSJ said was attributed to decreased earnings from all categories. Total earnings from the export of sugar and rum fell by 43.5 per cent to $53.2 million and by 13.4 per cent to $48.2 million, respectively.

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The total value of non-traditional manufactured exports was US$666.9 million compared with US$784.0 million in 2012.

The largest absolute decrease occurred in the chemicals category, from US$115.6 million in 2012 to US$108.3 million. This was said to be due mainly to a fall-off in ethanol exports. Other commodities that recorded drops were beverages and tobacco; mineral fuels; and manufactured goods. The decline in beverages and tobacco was caused by reduced earnings in tobacco and alcoholic beverages (excluding rum). There was an increase in earnings from non-alcoholic beverages. Among the other categories registering increases were processed foods and crude materials. Waste and scrap metal also grew by 21.1 per cent, as the Government removed the ban on the export of scrap metal. The upturn in the processed foods industry was due mainly to higher earnings from sauces, baked products, animal feeds and ackee exports, the ESSJ said. There was also an increase in export earnings from traditional agricultural commodities (coffee, citrus) — earnings were valued at US$22.1 million compared with US$20.0 million in 2012. A new market for high-valued limestone was uncovered in 2013, with Jamaica exporting 20,000 tonnes of clinker to Venezuela under the PetroCaribe Development Fund. This was in keeping with a thrust to regain competitiveness in the mining and quarrying industry and to develop value-added products from limestone, the ESSJ said. The quarry sub-industry was also expected to increase its output during 2014, with limestone being the main driver. Legislation like the Omnibus Legislation passed in 2013, allows for duty free treatment of raw materials and capital goods for the industry; for investment through modernised capital; and introduction of employment tax credits.


In 2013, the Government passed 37 pieces of legislation to support an improved business climate and reforms that will significantly and positively impact the ease with which businesses are started, Minister of Industry, Investment and Commerce Anthony Hylton said in February. The Government has meanwhile continued its campaign urging Jamaicans to ‘Buy Jamaican, Build Jamaica’, and JAMPRO has initiated several activities geared at improving Jamaica’s market penetration. Selected manufacturers have received technical assistance and financing options; and some, through JAMPRO’s Business-to-Business Linkages event hosted in September 2013, realised contracts amounting to $14 million as 108 buyers interacted with 109 locally-based suppliers, the ESSJ said. The ESSJ reported investments in the manufacturing industry during the year as a result of existing companies conducting expansions, resulting in job creation, which accounted for 57 per cent of the jobs created in the industry. This occured even as producer prices within the industry grew by 9.3 per cent, a result of the higher cost of raw materials and the depreciation of the Jamaican dollar. Manufacturers were said to have improved productivity through increased capital investment; acquisition of energy efficient equipment; and expansion of plants. The ESSJ says real value added for the industry is expected to grow in 2014, with a predicted increase in food, beverages and tobacco, particularly sugar production.

Jamaica continues to seek investors, selling the country as a prime location to do business, with Government’s commitment to establish the country as a logistics hub. Jamaica Manufacturers’ Association (JMA) president Brian Pengelley said in the JMA 2013 annual report that the association, formed in 1947 to provide support to local manufacturers and encourage locals to buy Jamaican, continued to fight for the sustainability and development of the manufacturing sector, in a year highlighted by economic challenges as well belt tightening prompted by the agreement with the International Monetary Fund (IMF). “Manufacturers continued to make significant contributions to GDP, employment and export earnings, despite a decline in the performance of the sector,” he said. “There were also notable achievements such as the lowering of the Customs Administration Fee (CAF) on imported raw material; the Ministry of Education's thrust to have text books printed locally to the tune of $64 million and the strengthening of sectoral linkages through the Tourism Linkages Hub.” He said high energy costs remain an impediment to the manufacturing sector. But he said Jamaican manufacturers remain resilient, and will continue to advocate for an enabling environment for manufacturers through the implementation of policies conducive to growth. “The association will also continue in its bid to identify opportunities to enhance the competitiveness of the sector and promote brand Jamaica,” Pengelley said.

It said the ‘other manufacturing’ component should be boosted by continued increased activities within the construction industry as well as potentially higher production of petroleum, stemming from projected increased economic activities in 2014. Jamaican exports are also expected to become more competitive as the real depreciation of the Jamaica dollar will make Jamaican goods cheaper internationally, thereby resulting in higher production for exports.

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Back Row: Wayne Jackson

Rosalia Perez

Second Row: Ivan De Dios

Shelley- Ann Boothe

Head of Procurement

Head of Controllership

Head of Housing

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Head of Infrastructure

Head of Environment Health and Safety

Front Row: Heather Cameron Walcott Head of Human Resources

Andre Nelson

Rafael Villalona Country Manager

Rowan Wade

Head of Commercial

Stephanie Hazle

Head of Business Development

Ivan Jesus Chalela Head of Operations


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THE STATIONERY CENTRE

All your stationery needs in one place at competitive prices! At The Stationery Centre, we save you time & money by providing everyday solutions so that you may focus on your core business. We are the ‘Go To’ company in the industry for all your office and school supplies needs. From a simple paper clip to a powerful shredder; we have it ALL under one roof at competitive prices. Not only do we distribute a wide selection of quality products; we also offer you a superior customer service experience. The Stationery Centre is the company you want to deal with. Just ask our customers. We have been serving them for more than 25 years! Units 22 & 23, The Trade Centre 30-32 Red Hills Rd., Kingston 10 Tel: (876)-906-0469-72 email: thestationerycentre@gmail.com web: www.tsc-jamaica.com

G C & ASSOCIATES LIMITED

had its modest beginnings over twenty years ago. Glenroy Charlton charted the course from inception, distributing piping cord, welting, crochet cotton and sewing thread. As the company expanded its distribution network, Mr. Charlton gained sole distributorship for overseas-based companies such as Kirsch International and Evenflo International and has maintained these exclusive relationships, to this day. In recent times, the company has gained distributorship for Dr. Miracle, Mizani, ORS, and Design Essential hair products. For the past eighteen years, the company has been a major distributor of Soft Sheen Carson Products, providing island-wide distribution. In 1996 and again in 2003, while Soft Sheen Carson West Indies was in transition and prior to appointing G. C. & Associates as a distributor, Mr. Charlton had independently imported Soft Sheen items to fill the need on the local market.

The Company takes pride in delivering high customer value through a competitive pricing regime and prompt and reliable service. On a drive to become more efficient, the company improved its technology capabilities, resulting in an enhanced billing system, speedy processing of orders and delivery of goods island-wide. We remain wholly committed to the principle of continuous improvement of customer satisfaction by placing the demands and requirements of the customer at the heart of our planning and decision-making process. Of equal importance is the strategy to increase the company’s customer base while remaining competitive in an increasingly competitive environment. We are confident that we are on the right track as we pursue greater levels of operational efficiency and growth. 4 Saxthorpe Avenue Kingston 8, St. Andrew • Jamaica, W.I. Telephone 925-5912 / Fax 925-9209 Email: gc.associatesltd@yahoo.com www.gcaja.com

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LOGISTICS HUB INITIATIVE in Jamaica Business

Essay from Dr. Eric Deans

Chairman of the Jamaica Logistics Hub Taskforce, Ministry of Industry, Investment and Commerce. A country’s ability to build and maintain its global competitive advantages -- a country’s competitiveness -- is perhaps the single most important hurdle that we have to address to implement a successful economic growth strategy. As such, the principal approach of Government will be to facilitate and unlock domestic and overseas investments from the private sector through combined strategies that seek to improve competitiveness. This assumes a major policy focus of the Ministry of Industry, Investment and Commerce in the quest to achieve sustained economic growth and improved living standa standards. The strategy to position Jamaica as a global logistics hub and the concept of the Global Logistics Hub Initiative (GLHI) within the context of a logistics-centered economy features as a key national development strategy and as a bold response to raise Jamaica’s investment proole. Initiatives supporting the unlocking of private sector investments are not limited to large local investors and foreign investors. The logistics-centered economy is therefore, not simply about large infrastructure projects, but also about creating a platform for the efficient ow of business activity. The initiative embraces the wider elements supporting our business reform agenda, the quality standards infrastructure, as well as policies aimed at unlocking the growth potential of the Micro, Small and Medium-sized Enterprises (MSME) sector. The strategy of developing a logistics-centered economy requires that potential “micro-multinationals” are transformed through a sustained programme of capacity-building, and the adoption of globally competitive practices and standards. This means rms becoming ready to enable their integration into global pr production and supplier networks. In this regard, the GLHI is a strategic anchor for the development of a globally competitive platform for economic growth. A high-performance logistics-centered economy means investors can receive world class services form the public and private sector to get their projects moving quickly, thus allowing quality goods and services to be traded with ease, which in turn creates a dynamic economy that generates jobs at an accelerated pace. As a consequence, the Government has implemented a set of policies to remove impediments to trade and investment. The initiatives, being coordinated by the National Competitiveness Council (NCC), constitute a business reform agenda that is central to improving the business environment in order to facilitate trade and investment. While the export-led growth targeted by the Logistics Hub Initiative (LHI) requires critical transportation and industrial infrastructure, i.e. hard infrastructure; it is supported by legislative and administrative regimes, so-called soft infrastructure, that can speed up the ow of business transactions in a manner that encourages in investors to establish businesses in Jamaica in preference to regional and global competitors. The Logistics Hub Initiative is multifaceted. The rst approach of the GLHI involves securing several billion dollars of private investment in logistics infrastructure and upgrading urban support areas to capitalize on Jamaica’s geostrategic location astride major maritime and aviation routes. Companies whose primary interest is serving the 800 million person Americas market, will be incentivised to choose Jamaica’s special economic zones. These companies will have access to information technologies and systems that are essential to cross–border commercial data ows - the real backbone of the digital economy. Indeed, ICT has become increasingly important to the fun functioning of many critical systems supporting the Logistics Hub —communications, port community system, single electronic window, Automated System for Custom Data (ASCYCUDA), energy, transportation, electrical, water, and banking. Secondly, the GOJ is establishing a new Special Economic Zone (SEZ) regime to attract large Globally Integrated Enterprises to beneet from Jamaica’s more competitive near shore position in the global value chains. The Ministry of Industry, Investment and Commerce is working to establish a modern integrated policy framework for the operation of Special Economic Zones, which create sustainable linkages with the domestic economy; promote public-private partnerships, technology transfer, business innovation, entrepreneurship and human capital formation; and are efficient, cost-effective and bolstered by competitive incentives in keeping with in international standards for SEZ development and the Vision 2030 - National Development Plan. And thirdly, implementing logistics-centered economic policies and structural reforms will enhance the competitiveness of the economy and enable Jamaica to progress beyond being solely a transshipment point to adding substantial value domestically to goods moving through the hub and services provided in competitive economic clusters. This includes wide scale reforms emanating from the modernisation of government institutions, the quality standards infrastructure and speciic reforms such as converting customs to executive agency status and implementing a single electronic trade window. My supreme conndence of the likelihood of success in the GLHI is based on recent trends in global indices, the concrete actions of local and global investors, and our bilateral and multilateral partners that have embarked on independent assessments and concluded that Jamaica’s march towards Logistics Hub status will add value to the global trading system. The country is beginning to reap the rewards of targeted high-level investment-seeking missions to Europe, Kuwait, Dubai, Singapore, China, USA, Canada, India and Panama, during the 2013-2014 scal year. Leading global rms have already bid on and/or are implementing some of the planned projects. Other private sector projects are in the pipeline. The GLHI concept is fully endorsed by the multilateral nancial institutions. Those institutions are providing technical assistance along with investment and loan funding for its implementation. Our international development partners – the World Bank and IDB, in particular – have identiied speciic interventions to be supported over the next four years, as part of their respective country partnership strategies. Competing in the global economy demands that the domestic business environment be signiicantly improved to operate at global standards. The Global Logistics Hub Initiative presents a unique opportunity through which to build the necessary capacity to meet the demands of the global marketplace.

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The services industry, defined as business, accounting, legal, medical, and other such services provided by a formally certified member of a professional body, grew by 0.5 per cent during the April to June quarter of 2014. This followed growth of 0.1 per cent in the industry in 2013. The industry is responsible for 67 per cent of total employment in Jamaica and constitutes one of the fastest growing contributors to the country’s GDP. The services sector, a key segment of which is professional services, is seen as one of the best short term opportunities for growing the economy, providing employment, investment opportunities, and opportunities for trade and export. Professional services cover a wide range of specialisations, and include management consulting and technical and consulting services such as engineering and construction, accounting, legal and tax advisory services, marketing, design, advertising, agricultural development and environmental development. The professional services industry is made up mainly of small firms operating domestically or regionally and offering generalised services. Government has sought to address high levels of bureaucracy in the administrative and regulatory system, as well as high transaction costs, which are a hindrance to the development of micro, small and medium enterprises (MSME), many of which fall within the services category. The processes for paying taxes, trading across borders, enforcing contracts, registering property and starting businesses have been targeted for immediate reform. There has also been a change in the attitude of financial institutions towards financing SMEs, the Development Bank of Jamaica (DBJ) said in June 2014. And in recent times, commercial banks have shown a willingness to grant loans to MSMEs. In 2013, the DBJ successfully filtered more than $2 billion into the sector.

In 2011, several of the country's leading private sector organisations and the Jamaica Coalition of Service Industries (JCSI) entered into a memorandum of understanding (MoU) to create the framework for a wide-ranging partnership to develop Jamaica’s services industries. The partnership has targeted key growth-enhancing industries such as information and communication technology, health and wellness tourism and professional services. Partners to the MoU included the Jamaica Chamber of Commerce, the Private Sector Organisation of Jamaica (PSOJ), the Jamaica Exporters’ Association and the MSME Alliance, as well as the Ministry of Industry, Investment and Commerce, Jamaica Trade and Invest (JAMPRO) and the Ministry of Foreign Affairs and Foreign Trade. All have been aggressively leading the Government's charge to facilitate the development of a dynamic services sector. In February, when the MSME Alliance joined the PSOJ as an official member, the PSOJ listed SMEs as accounting for almost two-thirds of all job creation islandwide, and contributing hugely to Jamaica’s GDP. Small business development has been listed as the key to sustainable and equitable economic growth and employment creation. But as vital as small businesses are to the economy, they are also the most vulnerable to a sluggish business environment, high energy costs, poor access to credit, costly bureaucracy, corruption and crime and as such the support of private sector leadership has been key in tackling these and other challenges. The JCSI secretariat is charged with coordinating and monitoring several initiatives and strategies aimed at developing the services sector domestically as well as for the export market. The secretariat said business ideas and opportunities for the services industry have been fuelled by factors such as increased opportunities in business outsourcing, the growing popularity of Jamaica as an international tourist destination, and the uptake of new information and communication technologies. Growing sectors within the industry include computer consultancy services, employment placement and contract staffing services, accounting and business advisory services as well as outsourcing of select services by large organisations to smaller operators within the industry. The Jamaica Business Development Corporation (JBDC) and its network of business advisors have also been providing a specialist network committed to the establishment and growth of SMEs throughout Jamaica. They assist business operators to capitalise on opportunities and focus on success by supporting them with access the information and advice they need to expand their ventures In August 2014, it was announced that 33 Jamaican companies were to benefit from US$1 million in grant funding to boost their export potential. The allocation is part of US$4.02 million in support provided to the region’s private sector by-


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Denis Goldson Senior Partner

Dawkins Brown Managing Partner

Lisa Cousins Partner

Prunella Vassell Associate Partner

UHY Dawgen Chartered Accountants is a professional service firm offering a full range of Audit, Accounting, and Taxation Services. UHY Dawgen is a member of UHY, a network of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited. Our Membership in UHY allows us to share experiences and know-how with more than 7,000 professionals, to organize multidisciplinary work teams for transnational operations and have access to more than 200 offices around the globe. Our network of Jamaica offices (Kingston, Ocho Rios, Montego Bay and Mandeville) ensures that we can provide a local service backed by the expertise of a major international practice.

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KPMG in Jamaica KPMG is one of Jamaica’s oldest professional services firms. Over a century ago, the firm started as Tapley & Co. (early 1900s). The firm has had several name changes; first, Tapley Bowman & Co. (1923), then Peat Marwick Mitchell & Co. (1958), which became KPMG Peat Marwick (1987) and, since 2005, KPMG. In the early 1950s, its offices at 22-24 Duke Street, Kingston, had three partners and less than a dozen professionals. By 1964, the professional head count had grown to over 40, requiring larger offices

at 6 Duke Street. Willie Thwaites (dec’d), then Managing Partner, was the first President of the Institute of Chartered Accountants of Jamaica, founded in 1965. KPMG now has over 270 staff in Kingston and Montego Bay, including 13 resident partners and principals. KPMG in Jamaica provides services in Audit, Tax and Advisory, the latter including Business Performance and Process Re-engineering, IT Advisory, Internal Audit, Corporate Finance, Company Secretarial and Financial Risk Management services.

Kingston

Montego Bay

P.O. Box 76

P.O. Box 220

6 Duke Street

14 Fairview Office Park

Tel: (876) 922 6640

Tel: (876) 684 9922

Fax: (876) 922 4500

Fax: (876) 684 9927

www.kpmg.com.jm

www.linkedin.com/company/kpmg-in-jamaica

R. Tarun Handa Managing Partner

Patricia Dailey-Smith Partner, Audit

Linroy Marshall Partner, Audit

Donald Barnett Partner, Advisory

Cynthia Lawrence Partner, Audit

Rajan Trehan Partner, Audit

Norman Rainford Partner, Tax

Raymond Campbell Partner, Advisory

Nigel Chambers Partner, Audit

W. Gihan C. de Mel Partner, Audit & Advisory

Nyssa Johnson Partner, Audit

Wilbert Spence Principal, Audit

K. Don Yu Principal, Tax

Rochelle Minto Director, Audit

Sandra Edwards Director, Audit

Shawn Christie Director, Advisory

Karen Burgess Director, Montego Bay

Clive Barnett Director, Finance & Administration

© 2014 KPMG, a Jamaican partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Jamaica. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

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M.E.L PROUDLY USES AND DISTRIBUTES SANITECH SYSTEMS

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D CL

uggan Consulting Limited

ACTUARIES AND CONSULTANTS

Astor Duggan, FIA, ASA Managing Director and Consulting Actuary astorduggan@cwjamaica.com

Britta Hay, FSA Consulting Actuary bhay@cwjamaica.com

Catherine Lyn, FIA, FSA Consulting Actuary clyn@sympatico.ca

23 LADY MUSGRAVE ROAD • KINGSTON 5, JAMAICA, WEST INDIES • TEL: 876-978–1659 / 876-978-7325 • FAX: 876-978-1212

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Phillip Whittaker, FIA, ASA pwhittaker@eckler.ca

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JAMAICAN EMBASSIES, HIGH COMMISSIONS AND PERMANENT MISSIONS ABROAD JAMAICAN EMBASSY - BEIJING Embassy of Jamaica Jian Guo Men Wai Diplomatic Compound No 1 Xiu Shui Street Building 6, room 6-2-72 Chaoyang District Beijing 100600 People's Republic of China Telephone: 8610-653-20670-1 or 8610-653-20667 Fax: 8610-653-20669 Email: embassy@jamaicagov.cn Website: http://www.jamaicagov.cn JAMAICAN EMBASSY - BERLIN Embassy of Jamaica Schmargendorfer Strasse 32 12159 Berlin Federal Republic of Germany Telephone: 00-49 30 85 99 45 11 Fax: 00-49 30 85 99 45 40 Email: info@jamador.de Website: www.jamador.de JAMAICAN EMBASSY - BOGOTA Embassy of Jamaica Avenida 19 No. 106A-83, Oficina 304, Santafé de Bogota, D. C., Colombia Telephone: 571-612-33-89 or 571-612-33-96 Fax: 571-612-34-79 Email: emjacol@cable.net.co JAMAICAN EMBASSY – BRUSSELS JAMAICAN MISSION TO THE EUROPEAN UNION Embassy of Jamaica Avenue Hansen-Soulie,77 1040 Brussels Belgium Telephone: 322-230-1170; 322-230-1317; 322-230-4536 Fax: 322-234-6969 Email: emb.jam.brussels@skynet.be JAMAICAN EMBASSY - CARACAS Embassy of Jamaica Edificio "Los Frailes" Piso 5, Calle La Guairita Urb. Chuao - Caracas Venezuela Telephone: 582-21991 69055 or 582 12991 6133 Fax: 58 212 991 5708 or 58 212 991 6055 embjaven@cant Email: embjaven@cantv.net JAMAICAN EMBASSY - HAVANA Embassy of Jamaica Calle 22 No. 503 e/5ta y 7ma Miramar, Playa Ciudad de La Habana Telephone: 537-204 2908 or 537-204-6959 Fax: 537-204-2531 Email: embjmcub@enet.cu JAMAICAN EMBASSY - KUWAIT Embassy of Jamaica Al-Zahra Block 8, Street 809 House 119/11 Kuwait Telephone: 27 12 362 6667 or 27 12 366 8500 Fax: 27 12 366 8510 JAMAICAN EMBASSY - SANTO DOMINGO Embassy of Jamaica Ave. Enriquillo No. 61 Los Cacicazgos Santo Domingo Dominican Republic Telephone: 809-482-7770-1 Fax: 809-482-7773 Email: emb.jamaica@tricom.net

JAMAICAN EMBASSY - TOKYO Embassy of Jamaica Toranonon Yatsuka Building, 2F 1-11 Atago 1 - Chorne Minato-Ku Tokyo 105-002 Japan Telephone: 813-3435-1861-3 Fax: 813-3435-1864 Email: mail@jamaicaemb.jp Website: www.jamaicaemb.jp JAMAICAN EMBASSY UNITED MEXICAN STATES Embassy of Jamaica Schiller 326, Piso 8 Chapultepec Morales Delegacion Miguel Hidalgo 11570 Mexico, D.F. Telephone: 55-5250-6804 or 55-5250-6806 Fax: 55-5250-6160 Email: embajadadejamaica@prodigy.net.mx EMBASS - WASHINGTON JAMAICAN EMBASSY Embassy of Jamaica 1520 New Hampshire Avenue N W Washington DC 20036 Telephone: 202-452-0660 Fax: 202-452-0036 Email: contactus@jamaicaembassy.org JAMAICAN HIGH COMMISSION ABUJA, NIGERIA High Commission of Jamaica Plot 247 Muhammadu Buhari Way Central Area District Abuja, Nigeria Telephone: 234 9 234 5107 (only after 7p.m Nigeria time or 1p.m Jamaica time) Fax: 234 9 234 2726 Email: jamaicanembassy@yahoo.com JAMAICAN HIGH COMMISSION - LONDON High Commission of Jamaica 1-2 Prince Consort Road London SW7 2BZ England Telephone 44 207-823-9911 Fax: 44 207-589-5154 Email: jamhigh@jhcuk.com JAMAICAN HIGH COMMISSION - OTTAWA High Commission of Jamaica Standard Life Building 275 Slater Street Suite 800 Ottawa, Ontario KIP 5H9 - Canada Telephone: 613-233-9311 Fax: 613-233-0611 Email: hc@jhcottawa.ca JAMAICAN HIGH COMMISSION PORT-OF-SPAIN High Commission of Jamaica 2 Newbold Street, St. Clair, Port-of-Spain Trinidad and Tobago Telephone: 868-622-4995-7 Fax: 868--622-9043/9180 Email: jhctnt@tstt.net.tt or highcom@tstt.net.tt JAMAICAN HIGH COMMISSION - PRETORIA High Commission of Jamaica Private Bag X5, Hatfield 0028 3rd Floor, MIB Building 1119 Burnett Street Hatfield, Pretoria South Africa Telephone: 27 12 362 6667 or 27 12 366 8500 Fax: 27 12 366 8510 Email: info@jhcpretoria.co.za

in Jamaica Business

T


Tribute Tribute

Milton Samuda Immediate Past President, Jamaica Chamber of Commerce Chairman, Jamaica Promotions Corporation (JAMPRO) October 2014

in Jamaica Business

The Gentle Giant of the Private Sector


SECURITY & SAFETY In September 2014 Jamaica swore in Dr Carl Williams as the new commissioner of police, and at the same time recorded a huge decline in the murder rate. The 28th commissioner of the Jamaica Constabulary Force (JCF) was chosen to serve at a time when the murder rate recorded an 18 per cent reduction for the period January 1 to September 24, 2014 — a total 714 compared to 871 for the same period, the prior year. Major crimes like murder have fallen by 40 per cent over the last four years, and continue to trend down. The World Bank has estimated that Jamaica could see an additional 5.4 per cent of GDP growth each year if it reduces its murder rate to that of Costa Rica — 8.7 per 100,000 inhabitants. Jamaica’s murder rate now stands at 18.2 per 100,000 people. The JCF has maintained a focus on managing crime and violence through a number of initiatives that seem to be bearing fruit, including flooding troubled areas with police and military personnel; beefing up police presence in commercial districts; strengthening police/community relations; flushing out gangs and gang activity; and tackling corruption in the constabulary force. The force has seen the addition of police posts, including portable posts; and the renovation of underutilised State facilities for use by the police. The JCF fleet has also been enhanced, with $1 billion spent on vehicles over the past two years. There has also been a thrust for greater efficiency in the service the police force provides, as well as in the use of its resources. Mergers of the JCF with the Island Special Constabulary Force (ISCF), as well as the merger of the Major Organised Crime and Anti-Corruption Task Force (MOCA), and the JCF’s Anti-Corruption Branch, have meant that efforts to curb crime have capacity. doubled in capacit There have also been legislative changes to aid in the crime fight, with the passage of laws such as the Proceeds of Crime Act, the Anti-gang law, and the Anti-Lottery Scam Act.

Since the law was passed last year, more than 600 persons have been arrested and charged under the anti-lottery scam legislation; and 17 under the anti-gang law, which was approved by Parliament earlier this year. Government allocated approximately $48 billion to the Ministry of National Security for the 2013/14 financial year, which represented 9.2 per cent of the total budget. This was the third largest allocation after the Ministry of Finance and Planning and the Ministry of Education, and just under one billon lower than the allotment for the previous year. The security budget is shared between the central ministry and its three departments — the JCF, Department of Correctional Services and the Jamaica Defence Force (JDF). The JCF received the largest portion of almost $30 billion, followed by the JDF with approximately $12.1 billion. Official development assistance for the ministry was set at almost $1.5 billion. The allocation was earmarked for a number of projects including the Citizen Security and Justice Programme, which helps at-risk youth with initiatives that steer them away from crime; the Poverty Reduction Programme, which promotes economic well-being and enhanced quality of life for residents of volatile communities; the Metcalfe Street Project to reintegrate and rehabilitate juvenile of offenders; and rehabilitation and reintegration of local offenders and deported persons. The JDF continues to provide support to the JCF in several parishes to counter gang activities that were identified as the main causes for serious crimes. There were 9,045 joint patrols, 1,642 vehicle check points, 534 anti-gang raids, and 182 cordon and search operations in 201. Other intelligence led operations resulted in the seizure of 97 assorted weapons, 2,776 assorted rounds of ammunition and 65 assorted magazines for 2013. Success on the major crime front hasn’t meant that there has been less of a need for private security companies as the numbers for aquisitory crimes still remain high. The Private Security Regulation Authority, a statutory body under the Ministry of National Security, is charged with monitoring and regulating the operations of contract security organisations, proprietary security organisations, private security guards, private investigators and security trainers. It had, up to September 2014, a total of 223 registered security companies islandwide. The authority ensures that private security companies follow established guidelines for the provision of service. Thirty-five new security companies were registered in 2013, and 1,671 new guards were registered.


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GOVERNMENT OF JAMAICA OFFICE OF THE PRIME MINISTER AND MINISTRIES

Office of The Prime Minister 1 Devon Road Kingston 10 Tel: 876-927-9941 Ministry of Agriculture and Fisheries Hope Gardens Kingston 6 Tel: 876-927-1731 Ministry of Education 2 National Heroes Circle Kingston 4 Tel: 876-922-1400 Ministry of Finance and Planning 30 National Heroes Circle Kingston 4 Tel: 876-922-8600 Ministry of Foreign Affairs and Foreign Trade 21 Dominica Drive Kingston 5 Tel: 876-926-4220 Ministry of Health 2-4 King Street Kingston Tel: 876-967-1100 Ministry of Industry, Investment and Commerce 4 St Lucia Avenue Kingston 5 Tel: 876-968-7116 Ministry of Justice 2 Oxford Road Kingston 5 Tel: 876-906-4923 Ministry of Labour and Social Security Labour - 1F North St, Kingston Social Security - 14 National Heroes Circle, Kingston 4 Tel: 876-922-9500/ 876-922-8000

in Jamaica Business

Ministry of Local Government & Community Development 85 Hagley Park Road Kingston 10 Tel: 876-754-0992 Ministry of National Security 2 Oxford Road Kingston 5 Tel: 876-906-4908 Ministry of Science, Technology, Energy and Mining 36 Trafalgar Rd Kingston 10 Tel: 876-929-8990 Ministry of Tourism & Entertainment 64 Knutsford Blvd Kingston 5 Tel: 876-920-4924 Ministry of Transport, Works & Housing 138h Maxfield Avenue Kingston 10 Tel: 876-754-1900 Ministry of Water, Land, Environment & Climate Change 25 Dominica Drive Kingston 5 Tel: 876-926-1590 Ministry of Youth & Culture 4-6 Trafalgar Road Kingston 10 Tel: 876-978-7654


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DIPLOMATIC MISSIONS IN JAMAICA in Jamaica Business REPUBLIC OF CUBA Embassy of the Republic of Cuba 9 Trafalgar Road, Kingston 10 Tel: 876-978-0931-3 Fax: 876-978-5372 E-mail: embacubajam@cwjamaica.com

PEOPLE’S REPUBLIC OF CHINA Embassy of the People’s Republic of China 8 Seaview Avenue, Kingston 6 Tel: 876-927-3871/876-978-3941 Fax: 876-927-6920/876-978-7780 Email: chinaembjm@mfa.gov.cn

ST. KITTS AND NEVIS High Commission for St. Kitts and Nevis 11A Opal Avenue, Golden Acres, Kingston 19 Postal Address P. O. Box 157, Kingston 7 Tel: 876-944-3861 Fax: 876-945-0105 E-mail: clrharper@yahoo.com

COLOMBI REPUBLIC OF COLOMBIA Embassy of the Republic of Columbia Victoria Mutual Building 53 Knutsford Boulevard, Kingston 5 Tel: 876-929-1701-2 Fax: 876-968-0577 E-mail: Emcoljam@cwjamaica.com

DOMINICAN REPUBLIC Embassy of the Dominican Republic Townhouse #12, Norbrook Views 13 Norbrook Crescent, Kingston 8 Tel: 876-931-0044 Fax: 876-925-1057 E-mail: embassydomrepja@hotmail.com Consulate 15 Lord Nelson Way, Trafalgar Park Tel: 876-906 3898 REPUBLIC OF NICARAGUA Embassy of the Republic of Nicaragua 2 Ottawa Avenue, Kingston 6 Tel: 876-390-0903 Fax: 876-631-7357 Email: dmcfield@cancilleria.gob.ni or rhooker@cancilleria.gob.ni KINGDOM OF SPAIN Embassy of Spain 6th Floor, Courtleigh Corporate Centre 6-8 St. Lucia Avenue, Kingston 5 Tel: 876-929-5555 Fax: 876-929-8965 E-mail: emb.Kingston@mae.es UNITED STATES OF AMERICA Embassy of the United States 142 Old Hope Road, Kingston 6 Tel: 876-702-6000 Fax: 876-702-6001 E-mail: consularkingst@state.gov (Visa/Consular) opakgn@state.gov (General) REPUBLIC OF SOUTH AFRICA High Commission for The Republic of South Africa 15 Hillcrest Avenue, Kingston 6 Tel: 876-620-4840 or 876-978 9419 Fax: 876-978-0339 E-mail: Kingston@dirco.gov.za or wizzardm@dirco.gov.za REPUBLIC OF TRINIDAD & TOBAGO High Commission for The Republic of Trinidad & Tobago 60 Knutsford Boulevard – 7th Floor, Kingston 5 Tel: 926-5730 /5739/968-0588 Fax: 926-5801 Email: kgnhctt@cwjamaica.com FEDERATIVE REPUBLIC OF BRAZIL Embassy of The Federative Republic of Brazil 23 Millsborough Crescent, Kingston 6 TEL: 876-946-9812; 876-927-8964; 876-978-8608 FAX: 876-927-5897 E-mail: brasemb.Kingston@itamaraty.gov.br

FEDERAL REPUBLIC OF GERMANY Embassy of the Federal Republic of Germany 10 Waterloo Road, Kingston 10 Tel: 876-926-6728-9/876-631-7935-36 Fax: 876-620-5457 Email: info@Kingston.diplo.de S MEXICO (UNITED MEXICAN STATES) Embassy of the United Mexican States PCJ Building 36 Trafalgar Road, Kingston 10 Tel: 876-926-6891/4242 Fax: 876-929-7995 E-mail: embamexj@cwjamaica.com FRANCE (THE FRENCH REPUBLIC) Embassy of France 13 Hillcrest Avenue, Kingston 6 Tel: 876-946-4000 Fax: 876-946-4020 (Consulate) Fax: 876-946-4022 (Chancery) E-mail: frenchembassy@cwjamaica.com REPUBLIC OF PANAMA Embassy of the Republic of Panama 34 Annette Crescent, Suite 103, Kingston 10 Tel: 876-924-5235-6 Fax: 876-924-3428 E-mail: panaemba@hotmail.com FEDER RUSSIAN FEDERATION Embassy of the Russian Federation 22 Norbrook Drive, Kingston 8 Tel: 876-924-1048 Fax: 876-925-8290 Email: russianembassy@rambler.ru REPUBLIC OF ARGENTINA Embassy of the Argentine Republic Dyoll Life Building, 4th Floor 40 Knutsford Blvd., Kingston 5 Tel: 876-926-5588, 876-926-2496 Fax: 876-926-0580 Email: ejama@mrecic.gov.ar FEDERAL REPUBLIC OF NIGERIA High Commission of the Federal Republic of Nigeria 5 Waterloo Road, Kingston 10 Tel: 876-926-6400/08, 876-968-3732/4449, 876-926-2781/8738, 876-929-4166, 876-968-7560, 876-906-9925/9922 Fax: 876-968-7371 Email: nigerianKingston@yahoo.com KINGDOM OF BELGIUM Embassy of Belgium 8th Floor, Courtleigh Corporate Centre 6 St. Lucia Avenue, Kingston 5 Tel: 876-906-1815; 876-906-7791; 876-754-7903 Fax: 876-906-5943 E-mail: Kingston@diplobel.fed.be

REPUBLIC OF CHILE Embassy of the Republic of Chile Courtleigh Corporate Centre 5th Floor, 6 St. Lucia Avenue, Kingston 5 Tel: 876-968-0260-1 Fax: 876-968-0265 echile.jamaica@minrel.go E-mail: echile.jamaica@minrel.gov.cl CANADA High Commission of Canada 3 West King’s House Road, Kingston 10 Tel: 876-926-1500-7 Fax: 876-733-3491 (Commercial/CIDA) 876-733-3494 (Administration) 876-733-3492 (Immigration) E-mail: kngtn@international.gc.ca BOLIVARIAN REPUBLIC OF VENEZUELA Embassy of the Bolivarian Republic of Venezuela PCJ Building, 36 Trafalgar Road, Kingston 5 Tel: 876-926-5510/876-5519 Fax: 876-926-7442 E-mail: embavene@cwjamaica.com or embavenezjm@gmail.com JAPAN Embassy of Japan NCB Towers (North) 6th Floor, 2 Oxford Road, Kingston 5 Tel: 876-929-3338-9/876-929-7534 Fax: 876-968-1373/876-754-2542 E-mail: info@kg.mofa.go.jp REPUBLIC OF INDIA High Commission of India 27 Seymour Avenue, Kingston 6 Tel: 876-927-3114 Fax: 876-978-2801 E-Mail: hicomindkin@cwjamaica.com DELEGATION OF THE EUROPEAN UNION Delegation of the European Union 8 Olivier Road P. O. Box 463, Kingston 8 Tel: 876-924-6333-7 Fax: 876-924-6339 Email: delegation-jamaica@eeas.europa.eu REPUBLIC OF KOREA Embassy of the Republic of Korea 5 Oakridge, Kingston 8 Tel: 876-924-2731 Fax: 876-924-7325 Email: Jamaica@mofat.go.kr REPUBLIC OF COSTA RICA Embassy of the Republic of Costa Rica 58 Hope Road, Kingston 6 Tel: 876-946-2886 Fax: 876-978-5210 Email: embacostaricajamaica@gmail.com UNITED KINGDOM British High Commission 28 Trafalgar Road, Kingston 10 Tel: 876-936-0700 Fax: 876-733-0737 E-mail: bhcKingston@cwjamaica.com (General) Consular.Kingston@fco.gov.uk (Consular) UK UKVisas.Kingston@fco.gov.uk (Visas) Prepared by: PROTOCOL DEPARTMENT Ministry of Foreign Affairs and Foreign Trade KINGSTON May 2014

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SHIPPING, Jamaica’s proximity to the United States, Latin America and the wider Caribbean provides it with superb maritime access for moving goods and services. Furthermore, the country’s maritime infrastructure is well developed, and according to the Jamaica Trade and Invest’s (JAMPRO) March 2014 Invest in Jamaica’s Manufacturing Industries report, plans for further modernisation are underway. Jamaica is ranked number four among the best-connected ports of the 180 within the region, after Cartagena (Columbia), Miami, and Savannah, Georgia (USA) . The current maritime network consists of 14 seaports, which in 2013 accommodated 3,572 vessels, down from 2012’s 3,666, and 1.27 million passengers down from 2012’s 1.3 million. The Port of Kingston had 2,581 total vessel visits in 2013, compared to 2,673 in 2012. There were also fewer ship calls to Montego Bay, down by 35 to 236; Ocho Rios, down by 13 to 139; Port Esquivel, down by 19 to 94; and Rocky Point, down by three to 76. These downturns outweighed higher number of calls to Falmouth, which had 21 more ship calls to reach 156 in 2013. This increase was attributed to inaugural calls made by a number of cruise lines as well as increased calls from Royal Caribbean Cruise Lines. Up to September 2014 there was a total 2,576 vessel visits — cruise, cargo and ships on miscellaneous visits — Port Authority of Jamaica (PAJ) statistics show. For 2013, a total 15,081,594 metric tonnes of domestic cargo was handled at all ports, a fall-off of 2.4 per cent relative to 2012. This was the second consecutive year of contraction and reflected the continued weakness in the global economic environment. Up to August 2014, there was 9,813,881 metric tonnes of domestic cargo handled at all ports.

72 | Who’s Who In Jamaica Business // 2015

PORTS

The total volume of all cargo handled at the island’s ports in 2013, inclusive of petroleum products, was 22,424,721 metric tonnes relative to 23,963,542 metric tonnes in 2012. Containerised cargo volumes are forecasted to grow by six per cent in 2014 and the pace of growth in vessel capacity is also projected to increase by seven per cent in 2014. The Port of Kingston lies along main shipping lanes from the Panama Canal, which makes it attractive to international shipping companies. When the Panama Canal opens its new channels in 2015, it is expected that there will be a tremendous increase in transhipment traffic through the Caribbean, especially Jamaica, because of the country’s strategic location. The expansion of the Panama Canal will change the dynamics of shipping in the western hemisphere. 12,500 Twenty-foot Equivalent Units (TEU) ships will bring goods from the Far East destined for the eastern seaboard of the United States and Canada through the canal to the Caribbean. They will then be shipped to North America, replacing the existing sea-land route through western US ports. The wider, deeper canal, is expected to unlock huge potential in transhipment business for the region and will result in realignment of trade routes serving key markets in the western hemisphere and result in the introduction of super large ships and the emergence of a regional mega hub. The Government is positioning Jamaica as the fourth global logistics connecting point, comparable to Singapore, Dubai and Rotterdam, to help transform the country’s economy and create jobs. The initiative is geared towards achieving continued growth, fitting Jamaica into the global value chain and bringing significant investments to the island. In late October 2014, Kingston Wharves Limited announced that it would begin the construction of its new logistics centre in November 2014, to be completed a year later. The logistics project has already generated employment for 50 persons, while another 150 will be employed during construction. The centre, once operational, is expected to generate 450 jobs.


&

MARITIME SERVICES Who’s Who In Jamaica Business // 2015

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Kingston Wharves Limited (KWL) is the Caribbean’s leading Multipurpose Port Terminal Operator, connecting Jamaica’s importers and exporters to over 20 international ports in the Caribbean, Latin and North America. WE DELIVER The port terminal provides a broad range cargo handling and logistics services 24- hours per day, 7 days per week, including: • • • • • • • •

Mooring and Unmooring of Vessels Stevedoring Equipment Rental Stripping and Stuffing of Containers Storage and Warehousing Reconsolidation of Containers Transshipment Refridgerated Container Management and Support

OUR BUSINESS A listed company on the Jamaica Stock Exchange, is committed to the continuous improvement that has ensured competitiveness, since its inception in 1945. In addition to its core business of terminal operations, the KWL Group includes a security arm SECURITY ADMINISTRATORS LIMITED, provider of industrial and port security services .

Senior Executive Team

Grantley Stephenson Chairman and CEO

74 |West, Who’s Who Jamaica // 2015Jamaica Newport P.O. InBox 260,Business Kingston,

| Telephone: (876) 923.9211

Mark Williams

Clover Moodie

Chief Operating Officer

| Fax: (876) 923.5361

Group Chief Financial Controller

|

www.kingstonwharves.com.jm


SHIPPING, PORTS & MARITIME SERVICES

in Jamaica Business

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TELECOMMUNICATIONS Jamaica has a world class and robust telecommunications infrastructure which ranks among the most developed in the world, Jamaica Trade and Invest (JAMPRO) said in its March 2014 report, Doing Business in Jamaica’s Knowledge Services Sector. The country boasts modern fixed-line and mobile telephone and Internet infrastructure. Three national carriers — Digicel, Flow (Columbus Communications) and LIME (Cable and Wireless) — provide residential and business telecommunications services. In 2013, the parent companies of LIME and Flow partnered to build out an underwater fibre-optic network and international wholesale capacity business to connect 42 countries in the Caribbean, the United States and Central America. LIME currently holds 92 per cent of the market share for the fixed line voice service and 52 per cent of broadband subscriptions, according to data from the Office of Utilities Regulation (OUR). Flow, with 48 per cent, accounts for the balance of those subscriptions. Meanwhile, the Digicel Group entered the Jamaican cable market in September 2014 through the acquisition of TelStar Cable. It also acquired majority ownership of International Media Content Limited, parent company of regional sports broadcasting company SportsMax, and North American broadcaster CEEN-TV. The OUR is looking to May 2015 for number portability rollout, which will allow phone subscribers to retain their numbers when switching networks. This is expected to lead to a more competitive telecommunications market. According

to the OUR, the mobile penetration rate in Jamaica is currently over 100 per cent, while the rate for fixed-line has remained below 15 per cent. In April 2014, Government renewed the telecoms and spectrum licences of Digicel and LIME for the next 15 years, a renewal that will allow the country to see some $12.6 billion in revenue.

76 | Who’s Who In Jamaica Business // 2015

The renewal of the licences and award of additional spectrum to both entities represents some $9.36 billion in investment from Digicel, and $3.29 billion from LIME. It was seen as a significant development for the local telecoms sector, and another decisive move by the government to ensure that Jamaicans have access to broadband services. Jamaica information technology enabled services (ITES) sector is Jamaica’s estimated at 14,000 employees and at least 75 per cent of the industry is focused on voice-driven services. The country’s growth strategy over the past year has targeted issues of low levels of competitiveness. The drive to create more competitive business structures in keeping with the Vision 2030 national development plan benefited from the adoption of more than 50 national product and service standards, at least half of which were geared towards the information and communication technology (ICT) sector. Vision 2030 Jamaica is a strategic road map to guide the country to achieve its goals of sustainable development and prosperity by 2030. It is in line with the inclusive development paradigm of the United Nations, and hopes to make Jamaica the place of choice to live, work, raise families and do business. Though the country continued to register a decline in ranking in the global e-readiness indices, investments were made to stimulate growth in the ICT sector, the 2013 Economic and Social Survey Jamaica (ESSJ) reported. These included the development of infrastructure, improved access to broadband services, adoption of service standards, and increased availability of e-government services. The Government says the country’s current path of utilisation of ICT as a growth engine will continue with initiatives and strategies to boost efficiency and effectiveness. Continued expansion of broadband access is expected to stimulate new and enhanced business opportunities as well as investments to move the country towards becoming net producers of ICT innovations. The Government remains optimistic about the potential for growth in the ICT sector. In this year’s budget, the sector was singled out for special treatment, with a sum of $15 million allocated in the 2014/15 Estimates of Expenditure for enhancing the ICT regulatory environment in Jamaica. The ICT sector employs close to 10,000 persons in Montego Bay alone, and is being expanded into other areas of Jamaica.


& INFORMATION TECHNOLOGY Who’s Who In Jamaica Business // 2015

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Columbus is an International Business Corporation (IBC) incorporated in 2004 under the Companies Act of Barbados. Columbus is a diversified telecommunications company whose core business is providing cable television services, digital video, high speed Internet, digital telephony and business solutions. It does so through the deployment and operation of an undersea terrestrial fiber optic network, providing telecom capacity and IP services to large international telecom carriers, Internet service providers and other value added service providers (wholesale). We operate in over 40 countries throughout the greater Caribbean, Andean and Central America region. We operate in Trinidad, Jamaica, Barbados, Grenada and Curacao under the brand name FLOW and in St. Lucia, St. Vincent & the Grenadines and Antigua under the brand name Karib Cable. Columbus also provides corporate data and cloud based services under the brand Columbus Business Solutions. Although a relatively new telecommunications player, Columbus has made significant inroads during its short history. With a market presence in virtually every

78 | Who’s Who In Jamaica Business // 2015

country in the region, Columbus provides strategic direction‚ private equity, capital markets expertise‚ technical and network architecture design‚ marketing support and general management oversight to each of its subsidiaries. As the company continues to build critical mass and market reach, it is being positioned as the alternative provider of choice to the legacy telecommunications systems that currently dominate the region. Always adhering to a "build it once, build it right" philosophy, Columbus is committed to the construction of a world‑class technical infrastructure and systems that are technically superior to its competitors.


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TELECOMMUNICATIONS & INFORMATION TECHNOLOGY


Reshaping ICT, Reshaping Business and Society...

Fujitsu wants to create a new type of society, where people’s lives are enriched by ICT and innovation is everywhere, delivering new business and social value. We call this a Human Centric Intelligent society. Getting there is our goal for YOU. What we can do for you.... ■ Create value through Integration – integration of technology and services to realize innovation for our customers ■ Mobility and empowerment – instant access to business applications, anywhere, anytime! ■ New value from information – creating knowledge from analyzing information with advanced technologies and analytical expertise ■ Security and Business Continuity – helping you realize a safe and secure ICT environment to ensure the continuous operation of your business and the protection of your customers. ■ On-demand everything – trusted cloud services to deliver more of your business processes “as a service” from the cloud to enable you to quickly adapt to rapidly changing business environments ■ Integrated computing – next generation platforms for realizing business innovation Our people… We want to be your innovation partner, complementing your business knowledge with our technical expertise!

Mervyn Eyre

Hugh Smith

President and CEO

Executive Vice President Finance and Operations

Fujitsu Caribbean (Jamaica) Limited 18 Belmont Road, Kingston 5, Jamaica Tel: (876) 926-7567 Fax: (876) 920-4761

John Slaytor

Executive Vice President Sales and Business Development

Fujitsu Caribbean (Bahamas) Limited P.O. Box N 3910, Nassau, Bahamas Tel: (242) 356-3700 Fax: (242) 325-3123

Evan Hemans

Executive Vice President Core Services

Fujitsu Caribbean (Barbados) Limited Chelston Park, Bldg. 1, Collymore Rock St. Michael, Barbados Tel: (246) 426-0242 Fax: (246) 426-6988

Jean-Paul Dookie Executive Vice President Government Business

Fujitsu Caribbean (Trinidad) Limited 6th Avenue Extension & Ibis Avenue Barataria, Trinidad Tel: (868) 223-2826 Fax: (868) 674-8387

For more info contact us at: fcl_marketing@caribbean.fujitsu.com | Visit our website: www.fujitsu.com/caribbean Follow us:

Fujitsu Caribbean

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Fujitsu, the Fujitsu logo, and “shaping tomorrow with you” are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks referenced herein are the property of their respective owners. The statements provided herein are for informational purposes only and may be amended or altered by Fujitsu America, Inc. without notice or liability. Product description data represents Fujitsu design objectives and is provided for comparative purposes; actual results may vary based on a variety of factors. Specifications are subject to change without notice. Copyright© 2014 Fujitsu America, Inc. All rights reserved

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80 | Who’s Who In Jamaica Business // 2015

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TELECOMMUNICATIONS & INFORMATION TECHNOLOGY

J A M A I C A


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18 Years of

DESIGNING. IMPLEMENTING. INTEGRATING LET US PUT I.T. TOGETHER FOR YOU

Dudley Johnson Founder & Managing Director

SynCon Technologies Limited is an independent consulting firm that started operations in Jamaica in 1996. We provide our clients in the Caribbean with high quality professional services to identify opportunities for leveraging IT solutions to address their pain points, and to meet business goals. Our portfolio spans a comprehensive range of consulting services including assessing our customer’s current infrastructure, evaluating their needs, customizing a solution with a suitable mix of hardware and software to meet business requirements, implementation of the recommended solution, and ongoing support. Our highly skilled and competent team specialize in: ·Network Infrastructure ·Uniied Communications ·Data Center

Edward Gabiddon Chief Executive Offcer

Marsha Reid Engineer Manager

Juliet C.A Brown-Saunders Head of Sales & Marketing

82 | Who’s Who In Jamaica Business // 2015

·Security ·Wireless

Our commitment is to consistently deliver services at an exceptional standard that meets and exceeds the expectations of our customers. We achieve this through steadfast adherence to our core principles and fundamentals which are built on three pillars: The solid leadership and direction of our experienced management team; our competent team of qualified and dedicated Engineers; and, strategic alliances that we have forged with our highly-respected solution partners such as Cisco Systems. We boast 18 years of experience in the business IT solutions industry; over this time we have worked with and developed best-in-class solutions for clients in Government, Enterprise and SME markets nationally and regionally.

Corporate Headquarters: 3 Oxford Terrace Kingston 5, Jamaica W.I. Call: (876) 754-3579, (305) 675-2151 Fax: (876) 754-2913

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in Jamaica Business

Who’s Who In Jamaica Business // 2015

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F F

Fast Facts PEOPLE

POPULATION: 2.72 million (2013 est.) LANGUAGES: English, Creole

MAJOR RELIGIONS: Protestant 62.5% (Seventh-Day Adventist 10.8%, Pentecostal 9.5%, Other Church of God 8.3%, Baptist 7.2%, New Testament Church of God 6.3%, Church of God in Jamaica 4.8%, Church of God of Prophecy 4.3%, Anglican 3.6%, other Christian 7.7%), Roman Catholic 2.6%, other or unspecified 14.2%, none 20.9%, (2001 census) ETHNIC GROUPS: African 76.3%, Afro-European 15.1%, East Indian and Afro-East Indian 3%, white 3.2%, Chinese and Afro-Chinese 1.2%, other 1.2% GROWTH RATE: -0.714% (2012 est.)

BIRTH RATE: 18.89 births/1,000 population (2012 est.)

DEATH RATE: 6.59 deaths/1,000 population (July 2012 est.) FERTILITY RATE: 2.12 children born/woman (2012 est.) EXPEC MALE LIFE EXPECTANCY: 71.78 years

FEMALE LIFE EXPECTANCY: 75.15 years

in Jamaica Business

GOVERNMENT Jamaica is a constitutional monarchy and as a member of the British Commonwealth, the Queen of England, Elizabeth II is the titular head of the country. A Governor General represents her in Jamaica. The Jamaican Parliament consists of two Houses, the Senate, also called the Upper House, and the House of Representatives, also known as the Lower House. The members of the House of Representatives are elected su under universal adult suffrage, with a maximum of five years between elections. There are 60 constituencies, each represented by one Member of Parliament. The Senate comprises twenty-one members appointed by the Governor General, thirteen on the advice of the Prime Minister and eight on the advice of the Leader of the Opposition. The Senate functions mainly as a review chamber and reviews legislation passed by the House of Representatives. The Cabinet is the principal instrument of government policy. It consists of the Prime Minister and minimum of thirteen other Ministers of Government, who must be members of one of the two Houses of Parliament. However, not more than four members of the Cabinet may be members of the Senate. The Minister of Finance must be an elected member of the House of Representatives. Local Government is organized on a parish basis, with two parishes, Kingston and St. Andrew, amalgamated and administered by the Kingston And St. Andrew Corporation (KSAC). The island's 60 constituencies are subdivided into 187 electoral divisions, each of which is represented by a Parish Councilor for Local Government.

INFANT MORTALITY RATE: 14.3 deaths/1,000 live births ECONOMY: (dollars are in USD) LABOR FORCE: 1.26 million (2012 est.) UNEMPLOYMENT RATE: 13.4% (2013 est.) INFLATION RATE: CPI 9.19% (2013) GD GDP (purchasing power parity): $25.18 billion (2012 est.) DEBT – EXTERNAL: 14.09 billion (31 December 2012 est) GOVERNMENT DEBT TO GDP: 138.90 Percent (2013) EXPORTS TOTAL VALUE: $1.624 billion (2011) Commodities: alumina, bauxite, sugar, bananas and rum Imports TOTAL VALUE: $6.614 billion (2011) COMMODITIES: machinery and transport equipment, construction materials, fuel, food and chemicals HIGHWAYS: 18,700 km (2011)

84 | Who’s Who In Jamaica Business // 2015

GEOGRAPHY Jamaica is the third largest of the Caribbean islands. Situated in the Caribbean Sea, it lies 965.4 km (600 miles) south of Florida, 160.9 km (100 miles) southwest of Haiti and 144.81 km (90 miles) south of Cuba.


in Jamaica Business Index by Surname Abrahams, Gail

79

Akwukwaegbu-Amako, K.

75

Alcott, Delroy

29

Allen, Roger

40

Allen, Sean

42

Angus, Erwin

30

Ashby, Verna

70

Barnes, Christopher

IBC

Barnett, Clive

55

Barnett, Donald

55

Barrett, Shanna

41

Baston, Andrew

40

Baxter, Carlton

79

Bell-Hutchinson, Camille

36

Bell, Nicola

25

Benjamin McNeil, Sheila

66

Benjamin, Brooke

66

Benjamin, Kenneth

66

Benjamin, Nicholas

66

Benjamin, Suzie

66

Bennett-Easy, Makeba

79

Berry, Christopher

30

Berry, Konrad Mark

30

Blackett, Nigel

17

Blackwood, Ricardo

66

Blair, Damian

66

Boothe, Shelley-Ann

46

Bourne, Allia

79

Bourne, Collin

IBC

Brady, Joy

32

Brown-Saunders, Juliet

82

Brown, Dawkins

54

Brown, Juliette

57

Brown, Willard

23

Buchanan, Paul

30

Burgess, Karen

55

Butler, Winston

37

Byles, Richard

23

Callam, Allison

25

Cameson-Walcott, Heather

46

Campbell, Delrose

60

Campbell, Raymond

55

Carrington, Colville

16

Catnott, Angela

40

Chambers, Nigel

55

Charlton, Glenroy

50

Cheverria, Luis

66

Chin, Mark

70

Chin, Omri

66

Chin, Stevo

70

Chisolm, Mark

23

Christie, Shawn

55

Gopaulsingh, Serene

40

Klein, Christine

40

Clacken, Sean

70

Gordon, Richard

25

Laing, Sharon

70

Cooper, Karin

IBC

Goulbourne, Michael

66

Latchman-Atterbury, Patsy

27

Corrie, Diane

17

Grandison, Garfield

IBC

Latty, Sean

79

Cousins, Lisa

54

Grant, Tonya

32

Lawrence, Cynthia

55

Craig, Nordia

IBC

Gray, Garth

66

Lawrence, Shane

66

Crick, Anne

37

Gray, Gina

75

Lawrence, William

37

Crooks, Leroy

49

Grey, Berisford

26

Leslie, Yvonne

40

Crossley, Laurence

33

Guy, Hyacinth

16

Levy, Peter

29

Cumming, Deborah

40

Hall, Ian 29

Lewis, Paul R.

6

Cumming, George

40

Hall, Yashi

26

Llewllyn, Carol

40

Cummings, Ruth

28

Hamilton, Corey

83

Lothian, Patricia

37

Cupidon, Douglas

26

Handa, R. Tarun

55

Lyn, Catherine

59

Dailey-Smith, Patricia

55

Hanson, Hilret

32

Lyn, Jodi 40

Daley, Shaniel

40

Harper-Peck, Cornelia

25

MacPhee, Kent

29

Dalmadge Hall, Constance

59

Harvey-Wilson, Sharon

30

Mahfood, Derrick

70

Davis-Farquharson, Nerisha 25

Hay, Britta

59

Mahfood, L. Mark

70

De Dios, Ivan

46

Hazle, Stephanie

46

Mais-Kleinhans, Sharon

40

de Mel, W. Gihan

55

Hemans, Evan

80

Manning, Georgette

17

Deane, Rosalie

40

Henlin, Janice

37

Marshall, Linroy

55

Deans, Dr. Eric

71

Henry, Rosemarie

33

Martin, Curtis

32

Dennis, Dexter

49

Heron, Matthew

70

Mayne, Gregory

41

Deslandes, Derrick

37

Ho-Sang, Andrea

30

McAnuff-Jones, Michael

27

Dhiman, Aditi

32

Holgate, Krystal

49

McCalla, Henry

70

Dhiman, Vikram

29

Holness, Janice

33

McDonald, Archibald

36

DiLollo, Michael

16

Holness, Nigel

26

McGann, Kamilah

41

Donegal, Selvin

41

Hossmann, Sascha

48

McKoy, Derrick

36

Dookie, Jean-Paul

80

Hume, Grant

79

McLean, Andre

66

Duggan, Astor

59

Hyde, Gillian

32

McMorris, Christine

70

Duggan, Din

6

Issa, Andrew

41

McNaughton, Maurice

37

Duggan, Evan

36

Jackie-Douglas, Nejma

70

Melhado-Forrest, Keisha

32

Duggan, Evan

82

Jackson, Wayne

46

Menzies-McCallum, Renee

66

Duncan, Keith

31

James, Donovan

75

Miller, Karene

32

Dunn, Hopeton

37

James, Newton

IBC

Miller, Rohan

23

Ebanks, Paul

25

Jarrett, Earl

32

Minto, Rochelle

55

Edwards Brown, Lorice

33

Jayatillake, Anura

57

Mitchell, Leon

32

Edwards, Michael

41

Jenez, Nicolette

33

Mitchell, Lissant

27

Edwards, Sandra

55

Jesus Chalela, Ivan

46

Moodie, Clover

74

Epstein, Robert

66

Johnson-Haughton, Janet

33

Morris Dixon, Dana

32

Eyre, Mervyn

80

Johnson, Chorvelle

25

Morris, Michelle

47

Facey, Camille

60

Johnson, Dudley

82

Mullings, Cynthia

42

Facey, L. Howard

60

Johnson, Jevaughn

40

Myers, Lititia

66

Fairman, Miguel

41

Johnson, Nyssa

55

Nash, Grace

40

Fletcher, Horace

36

Jones, Maria

61

Nelson, Andre

46

Francis, Owen

26

Jones, Nigel

60

Nicholson, Lawrence

37

Frazer, David

49

Jones, Shereen

32

Nunes, Racquel

41

Freeman, Linval

57

Joseph, Marcelle

17

O’Gilvie, Anthony

IBC

Gabbidon, Edward

82

Juggan-Brown, Valerie

66

Overton, George

66

Gabriel, Martin

40

Kahwa, Ishenkumba

36

Palmer, Beverley

40

Gibson, Burchell

IBC

Kirkaldy, Collet

40

Peart, Allison

57

Goldson, Denis

54

Kitson, Garth

66

Peart, Gary

30

Who’s Who In Jamaica Business // 2015

| 85


Perez, Rosalia 46 Perkins, Donovan 23 Persad Couch, Indira

56

Pilliner, Rosemarie 27 Pizzuti, Armando 7 Pragnell, Matthew 29 Prendegast, Garfield Sean

32

Pusey, Ingrid 33 Quallo, Kerry-Ann 7 Rainford, Norman 55 Rao-Graham, Lila 37 Reeleder, George 16 Reese, Paul 36 Reid Clarke, Odia S.

28

Reid, Hugh 27 Reid, Marsha 82 Reid, Ryan 25 Robinson-Longmore, Janice 32 Robinson, Elaine 36 Robinson, Neil 66 Robinson, Winston G. 57 Roomes, Stephen 70 Roper-Bacchas, Paula 40 Salmon-Monteith, Venetia 66 Samuels, Carlton Earl 32 Sawyers, Natalie 41 Sharp Dujon, Sheridah 33 Sharp, Jacqueline 27 Sharp, Jason 47 Sharp, Richard 47 Singh, Jagmohan 16 Slaytor, John 80 Small, Soyika 79 Smith, Hugh 80 Smith, Sophia 28 Smythe-Witter, Karen 32 Soares Lewis, Lisa 56 Speid, Rudolph IBC Spence, Connan 41 Spence, Wilbert 55 Stephenson, Grantley 74 Stubbs-Gibson, Shena IBC Sutherland, Frederick 58 Sutherland, Maureen 58 Swaby, Tausa 75 Sweeney, Andrea 40 Tai Chun Hossmann, Paulette 48 Tang, Tyrone 16 Tavares-Finson, William 33 Taylor, Robert 70 Thomas, Natasha 41 Thompson, Dyane 41 Thompson, Mark 28 Thwaites, Brett 33 Tom, Andrew 57 Tomlinson, Ian 49 Trehan, Rajan 55 Turner, Robert 75 Van Whervin, Peter 66 Vassell, Prunella 54 Villalona, Rafael 46 Waldron-Gooden, Tania 30 Walia, Vinay 66

86 | Who’s Who In Jamaica Business // 2015

Walker-Stewart, Joan 33 Walters, Sophia 40 Watts. Mario 26 Wayde, Rowan 46 White, Donovan 79 Whittaker, David 66 Whittaker, Phillip 59 Williams, Densil 37 Williams, Frederick 27 Williams, Mark 74 Williams, Michael 37 Williams, Robin IBC Williams, Sandra 40 Wilmot, Swithin 36 Wollery, Andrew 41 Wong, David 49 Woon Choy, Marcia 70 Wright, Robert 26 Yu, K. Don 55 * NOTE: IBC is Inside Back Cover

in Jamaica Business

THE PLACE TO STAY

S PA N I S H CO U R T H OT E L 876.926.0000 1 St. Lucia Avenue, Kingston 5, Jamaica www.spanishcourthotel.com


Who’s Who In Jamaica Business // 2015

| 87


88 | Who’s Who In Jamaica Business // 2015

Who's Who In Jamaica Business 2014-2015  
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