JAMAICA TO REMOVE GROWTH BARRIERS AND BOOST INVESTOR CONFIDENCE Source: caribbeannewsglobal.com, Chris Patterson, First Published July 25th, 2025 The government of Jamaica remains steadfast in its thrust to remove all obstacles to growth and make Jamaica the most business- and investor-friendly country in the region. “We are… transforming the business environment, cutting red tape, streamlining approvals, reducing corporate income tax for manufacturers and creating a more predictable and competitive investment climate,” prime minister, Andrew Holness, reiterated. He was speaking during J. Wray and Nephew Limited’s 200th anniversary celebrations at the entity’s corporate offices in New Kingston on Wednesday. Prime Minister Holness further reaffirmed the government’s commitment to undertaking transformational measures to lower energy costs in Jamaica, describing this as one of the administration’s “most urgent priorities”. “The current electricity licence… expires in July 2027. We are using this opportunity to implement bold reform and negotiate a new fit-for-purpose framework and licence that delivers lower electricity costs, greater energy security through accelerated adoption of renewables, and improved customer service and stronger accountability,” he stated. “In short, we are building a more resilient, more inclusive and more prosperous Jamaica, and we are inviting the private sector, both local and international, Opening Lines 7 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 07
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