KINGSTON: Prime Minister Portia Simpson Miller praised local investors, pointing out that they are creating more jobs for Jamaicans as her Government effects repairs to the economy.
“Comrades, as we fix the economy, we are moving up, and the world is taking note,” Simpson Miller told the public session of the ruling People’s National Party’s 77th annual conference inside the National Arena in Kingston.
Jamaica, Simpson Miller said, is up in the World Bank’s Global Competitiveness Index, as well as in the Ease of Doing Business Index.
“Business confidence is up — up to at a record high,” the prime minister continued. “The number of local businesses expanding production is up. Our local investors are stepping up, investing more and employing more people. Lasco has invested over US$50 million, Sandals has invested over US$150 million, [and] Sagicor has invested US$250 million in tourism.”
Stating that she could name many other companies that are investing, expanding and creating new jobs in the country, Simpson Miller said that over the last three years there has been massive investment of some J$53 billion in Jamaica’s tourism sector.
“Foreign direct investment for 2014 alone was over US$700 million. That is performance, that is management, that is leadership,” she said.
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