The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS

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On Tuesday June 30, JCC President Warren McDonald and JCC CEO Trevor Fearon attended a stakeholder consultation regarding developments concerning the Caymanas Special Economic Zone (CSEZ). As you are aware, the CSEZ has been positioned as one of the key components of the Logistics Hub Initiative.

The meeting, held at the Ministry of Industry, Investment & Commerce, featured the presentation of the pre-feasibility report, prepared by World Bank Consultant Andrea Erdmann on the CSEZ. Interestingly – and usefully – some of the key public sector stakeholders were in attendance, including Dr. Vin Lawrence, Chairman of the Caymanas Enterprise Team; Professor Gordon Shirley, President & Chief Executive Officer of the Port Authority of Jamaica; Joseph M. Matalon, Chairman of the Development Bank of Jamaica and others.

Ms. Erdmann’s presentation is linked here: Caymanas SEZ Pre-Feasibility Study Dissemination Workshop (Jun 30 2015)

The entire pre-feasibility study including various annexes can be found here. We urge that you review these: 1 Title Page and Executive Summary (FINAL) 2 Chapter 1--Introduction (FINAL) 3 Chapter 2--Preliminary Market Assessment (FINAL) 4 Chapter 3--Assessment of CSEZ Project (FINAL) 5 Chapter 4--Creating a New SEZ Regime (FINAL) 6 Chapter 5--Summary Recommendations (FINAL) 7 Annex 1--Best Practice Case Studies (FINAL) 8 Annex 2--Photographic Tour of CSEZ Site (FINAL) 9 Annex 3--TOR CSEZ Feasibility Study (FINAL) 10 Annex 4--TOR LHI Market Analysis and Master Plan (FINAL) 11 Annex 5--Developer Consultation Questionnaire (FINAL) 12 Annex 6--Persons Consulted (FINAL)

The next steps towards making the CSEZ a reality include the conduct of a detailed Feasibility Study and the drafting of the enabling legislation and the governing regulations. A draft TOR is included in the documentation provided. The World Bank is providing expert technical assistance with the drafting (the expert will be in Jamaica for meetings in another two weeks) and there are expectations that the legislation will be fast-tracked through Parliament.

Please let us know if you have any comments on the material provided so that we may raise such during our upcoming meetings with the World Bank representatives.

Caymanas Special Economic Zone Update

The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

JCC hosts Arbitration Breakfast Meeting - July 7, 2015

A large contingent of local, regional and international arbitrators met in Kingston recently for the Chartered Institute of Arbitrators (CIArb) - Caribbean branch’s centennial conference. The event which was hosted at the Faculty of Law, University of the West Indies, Mona, between July 6 and 11, attracted judges, arbitration practitioners and academics from Lebanon, Canada and the United Kingdom. The first of its kind to be held in Jamaica, registrations came in from delegates based in The Bahamas, Barbados, Trinidad and Tobago, Anguilla, St Lucia and Dominica. On July 7th the Jamaica Chamber of Commerce hosted an Arbitration Breakfast Meeting at the Knutsford Court Hotel.

The facilitators of the conference included an impressive list of arbitrators and presenters from the USA, the wider Caribbean and Jamaica including former US Ambassador and Partner of the renowned law firm, Chadbourne & Parke, in New York Julissa Reynoso; Sir Dennis Byron, President of the Caribbean Court of Justice (CCJ); and Sir Edward Zacca, retired Chief Justice of Jamaica. The conference was sponsored by the Organization of American States, Jamaica Chamber of Commerce, University of the West Indies, Jamaica Tourist Board and the International Court of Arbitration, among others. .

WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS… WHAT’S NEWS

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Dr. Christopher Malcolm, Chairman of the Chartered Institute of Arbitrators (CIArb) - C a r i b b e a n B r a n c h .

(L-R) Calvin Hamilton, FCIArb, Senior Lecturer, UWI Faculty of Law at Cave Hill, Barbados; Warren McDonald, JCC President; and Milton Samuda, JCC Past President and Partner, Samuda & Johnson in conversation.

In discussion (L-R) Milton Samuda, JCC Past President and Partner, Samuda & Johnson; Dr. Christopher Malcolm, CIArb - Caribbean Branch, Chairman; and Sir Edward Zacca, retired Chief Justice of Jamaica.

Attendees indulge in deep conversation during the Breakfast Meeting.

The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

BUSINESS OPPORTUNITY...BUSINESS OPPORTUNITY…BUSINESS OPPORTUNITY…BUSINESS OPPORTUNITY

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Invitation to the PetroCaribe Expo on July 22-24, 2015

The Venezuelan Embassy is inviting businesses to attend the inaugural PetroCaribe Expo, which will be held from 22-24 July 2015 in San Salvador in the Republic of El Salvador. The Expo is being organized in celebration of the 10th anniversary of the PetroCaribe arrangement, and seeks to bring buyers and sellers of a range of goods and services together. This includes traders in agriculture and agribusiness, construction supplies, manufactured goods, personal hygiene and household products, textiles and automobiles, as well as tourism, consultancy services and other services. The organizers of the Expo will be providing free air transportation for up to 12 Jamaican participants, their luggage as well as their commercial samples, from Kingston to El Salvador. The organizers will also provide free ground transportation between the airport, the hotel and the convention centre. All other costs are expected to be borne by the participants. In that regard, please open links for copies of the participation forms for potential goods importers and suppliers, as well as for potential services buyers and sellers: FICHA-Bienes-ENG.pdf FICHA-Servicios-ENG.pdf Additional information is available at the following links: Information handbook providing details about the Expo: Information-Handbook-

ESA.pdf Presentation on the facilities: Presentation-on-the-facilities.pdf Letter addressed to Minister Philip Paulwell providing further administrative details:

Letter-to-Minister-Paulwell.pdf Expressions of interest are to be submitted as a matter of urgency in order to facilitate the necessary arrangements to: Mr. Richard Brown, PhD, Deputy Director, Bilateral and Regional Trade, Foreign Trade Department, Ministry of Foreign Affairs and Foreign Trade, 21 Dominica Drive, Kingston 5, Email: richard.brown@mfaft.gov.jm Tel: (876) 926-4220-8, Ext. 3233.

The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

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The Business Confidence Index was 131.9 in the 1st quarter 2015 survey, up from 122.9 in the 4th quarter and substantially above the 117.8 in last year’s 1st quarter. The Consumer Confidence Index rose to 114.3 in the 1st quarter 2015 survey, up from 110.0 in the 4th quarter and 104.7 in last year’s 1st quarter survey. What does the latest confidence survey indicate and how could it affect the status and future of the economy? Join us for the seminal results for this quarter.

Release of the 2nd Quarter 2015 Business & Consumer Confidence Indices

Registration 8:30 a.m. / Indices Release 9:00 a.m. Courtleigh Hotel - Somerset Suite, 85 Knutsford Blvd., Kingston 5

The indices are calculated based on quarterly island wide surveys among business decision makers and consumers. Research in the USA, Europe and elsewhere has demonstrated that the main indices and their derived indices are remarkably accurate predictors of economic activity.

The release event is expected to last approximately 1½ hrs and participation will require payment of a fee of J$2,500 (non Members) and $2,000 (JCC Members) (GCT included).

Registration is required. To confirm your attendance please open the link and print a copy of the Registration Form: Registration-Form-2nd-Qtr-2015.pdf complete and return via Fax: 924-9056 to Ms. Maria McLaughlin or email secretariat@jamaicachamber.org.jm. For more information please call us at 922-0150-1.

We look forward to seeing you there!

Sponsored by:

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Market Research Services Ltd.

“Always Asking Questions,

Always Providing Answers”

The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

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Enhancing Workplace Wellness for your Top Performers

To an unfortunately high level, the workplace can be a stressful place: particularly so for upper-level and middle management executives whose span of responsibilities can be daunting. Many in these groups daily experience the truism that the better you are at your job, the more work comes your way, at times resulting in heightened stress levels and “burn-out” apprehension on the part of many of the highest achievers – the backbone of any organization!

How can businesses best support their employees by helping to reduce their workplace stress and enhance their proclivity – and capacity - to contribute?

One approach is through encouraging them to develop a holistic programme that incorporates a healthy, holistic lifestyle – one characterized by a good diet, appropriate exercise, and constant intellectual stimulation and stress management – among other components. Some firms deliberately try to create a familial environment by creating and nurturing supportive teams… The options are many, but it would probably be a mistake to think that one size fits all. The firm must know its employees.

The Jamaica Chamber of Commerce (JCC) is partnering with Mahogany Health and Fitness to present a series of morning events – beginning on Thursday, July 30 at 7:30 a.m. at the Knutsford Court Hotel – designed to support Workplace Wellness. The initial event will introduce participants to key building blocks of Workplace Wellness, viz. Eating Smart, Moving More, Managing Stress, and (for those who still struggle with the addiction) Not Smoking.

Mahogany Health & Fitness CEO, and main presenter for the series, is the well-known Dr. Winston ‘Cubba’ Dawes, whose track record includes not only many years of service to Jamaica’s elite athletes as team doctor for Jamaican participants at the Olympics and World Championships level, but also an innovative health and wellness practice incorporating state-of-the-art technological tools.

The July 30 event will begin with a healthy and balanced breakfast, followed by engaging presentations on the aforementioned building blocks of Workplace Wellness; as well as individual non-invasive Body Composition Analysis which will measure: Your total body fat Ratio of fat to muscle in arms, legs and trunk Fat around the body organs – determining the level of fat in the body can help to alert individuals to

possible health risks so that corrective measures can be prescribed before chronic illnesses develop.

Plan to be there at 7:30 a.m. and leave at 10:30 a.m.. Your health and wellness is worth the three hours! Participation fee is J$4,000 - JCC Members or J$4,500 - non-members (GCT excluded). To reserve your seat, please complete and return the attached: Registration-Form.pdf via fax to (876) 924-9056. For more information contact Thasya Chin-Fletcher at membership@jamaicachamber.org.jm or Tel: (876) 922-0150-1.

F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I.

The Voice of Business……………………………………………………………………….....................................JULY 10, 2015

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F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I. F.Y.I.

GET INVOLVED IN THE WORK OF THE CHAMBER

The JCC has five main Committees: Competitiveness Committee Project Development Committee Trade Committee Membership Services Committee Finance & Administration Committee

If you have an interest to volunteer and participate on one of JCC’s Committees, please contact Thasya Chin-Fletcher at the JCC Secretariat - email: membership@jamaicachamber.org.jm Tel: (876) 922-0150.

Get involved today!

GET INVOLVED… GET INVOLVED… GET INVOLVED… GET INVOLVED… GET INVOLVED...

BOARD OF DIRECTORS MEETING

This is to advise that the next Board of Directors Meeting will be held on Tuesday, July 28, 2015 in the Training Room of the General Accident Insurance Company, 58 Half Way Tree Road, Kingston 10, commencing at 3:00 pm.

Please indicate your interest to attend by contacting Andrea Waite at the JCC’s Secretariat Tel: (876) 922-0150 or email: adminassistant@jamaicachamber.org.jm

For information on upcoming JCC events please contact: Ste. 13–15, UDC Office Centre Bldg., 12 Ocean Boulevard, Kingston Tel: (876) 922-0150 Fax: (876) 924-9056 Email: info@jamaicachamber.org.jm Webpage: www.jamaicachamber.org.jm Editor: Maria McLaughlin, Business Administrator

Does your company import and/or buy palm oil or herbal products?

The Embassy of Indonesia in Havana has requested the assistance of the JCC in identifying Jamaican companies who would be potential importers/buyers of herbal products and palm oil from Indonesia. Indonesia will be hosting a business forum in Milan, Italy, in the framework of the Work Export Milan and would like to invite some of these Jamaican buyers to attend the event.

If your company has an interest or is currently importing these products, kindly indicate your interest and provide your contact details to the JCC Secretariat, to the attention of Maria McLaughlin at email: secretariat@jamaichachamber.org.jm or Tel: (876) 922-0150.