Jamaica is the Best Country in the Caribbean to Do Business! – Forbes

January 25, 2016April 10, 2017 JA-Blogz News Team

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Jamaica is the best country in the Caribbean region to do business.

This after climbing five places in the 2015 Forbes Best Countries for Business Report, moving from 64th in the 2014 report to 59th out of 144 nations.

According to JIS, this was disclosed by Prime Minister the Most. Hon. Portia Simpson Miller during the official opening of Business Process Outsourcing (BPO) Company, Sutherland Global Services New Kingston offices on January 22.

The improved ranking means that the country has maintained its number one spot among Caribbean countries, as reflected in last year’s report.

This performance can be attributed to, among other things, the Government’s passage of new laws to encourage businesses, as well as the general improvement in the macroeconomic environment.

Forbes, a leading international business magazine, determined the Best Countries for Business by grading the nations on 11 different factors including: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Forbes said each category was equally weighted.

Source: JIS

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