News / Third-quarter profit means Hapag-Lloyd is on course for a happier 2017

first_imgBy Mike Wackett 15/11/2016 Hapag-Lloyd outperformed its liner peers in the third quarter of the year, producing a $9m net profit.The German container line said it anticipated further gains from its merger with UASC and the closer working relationship within the new THE Alliance.However, liftings grew just 1.3%, year-on-year, over the first nine months of the year to 5.65m teu, with its average freight rate declining 17.7% to $1,037 per teu.Helping offset the downward pressure on rates, due to chronic overcapacity on the major trades, was a 41.5% fall in fuel prices during the period.On the top line, for the nine-month period, revenue fell 16.1% to $6.4bn and EBITDA by 44.8% to $425m, resulting in a net loss of $149m, compared with the previous year’s $179m surplus.“The overall results so far this year remain unsatisfactory,” said chief executive Rolf Habben Jansen.However, he added: “But the net profit in the third-quarter indicates that we are on the right track and that our efforts to further reduce costs and leverage economies of scale are paying off.”Mr Habben Jansen said Hapag-Lloyd was “increasingly seeing signs that things are getting better”, in regards to sustainable freight rates, and described the Hanjin bankruptcy and the rush to consolidate liner businesses as “a wake-up call” for “people that thought sub economic rates would be around for a long time”.He explained that substantial increases in freight rates from Asia to Latin America had been a major driver in Hapag-Lloyd’s third-quarter performance. He also said there had been a “short-term positive effect” on Asia-Europe rates after Hanjin Shipping’s sudden demise, and a more lasting positive impact on transpacific rates.Echoing expectations recently expressed by rival Maersk Line, Mr Habben Jansen believed contract rates would “be higher next year” for both Asia-Europe and the transpacific. He would not be drawn on a percentage increase, but said the line didn’t need “a dramatic recovery of rates” to achieve satisfactory profits next year.He hoped the merger with UASC would be completed by the end of the year, following which integration of the two companies would “move ahead very swiftly” to create anticipated annual synergies of $435m from 2019.He said the “deal rationale” was, first and foremost, scale and the combination of Hapag-Lloyd and UASC would assure the carrier a top-five ranking globally and provide access to a young and fuel-efficient fleet with a large share of ultra-large container vessels.Mr Habben Jansen was also positive about the THE Alliance next April, not least because of the forthcoming merger of the Japanese lines’ container business. The grouping would work “closer than the other alliances” and that the members were, subject to regulatory approval, hoping to find new operational synergies “not yet been identified by the others”.With a 44% share, Hapag-Lloyd is the lead line in the VSA, ahead of the combined share of K Line, MOL and NYK at 40% and the 16% share of Yang Ming.Noting that Hapag-Lloyd had “improved much more than its competitors”, and complimenting the carrier on its impressive vessel utilisation levels, Lars Jensen, chief executive and partner at SeaIntelligence Consulting, said the Q3 result proved that “size is not all that matters in this industry”.last_img read more

Up and down the ladder: The latest comings and goings

first_img [email protected] Ed Silverman Hired someone new and exciting? Promoted a rising star? Finally solved that hard-to-fill spot? Share the news with us, and we’ll share it with others. That’s right. Send us your changes, and we’ll find a home for them. Don’t be shy. Everyone wants to know who is coming and going, especially with all the ongoing layoffs. Despite the downsizing, there is movement. Here are some of the latest comings and goings. Recognize anyone?And here is our regular feature in which we highlight a different person each week. This time around, we note that Sanofi hired Dr. Ameet Nathwani as a member of the executive committee and he also becomes executive vice president, group chief medical officer. Most recently, he was global head of medical affairs at Novartis and had previously spent 10 years working at GlaxoSmithKline.Merck named Sanat Chattopadhyay as executive vice president and president of manufacturing;advertisement Alex Hogan/STAT Johnson & Johnson named Alissa Hsu Lynch as worldwide VP marketing for diabetes care;Cipher Pharmaceuticals hired Ralph Bohrer as president and general manager of its US subsidiary;advertisement Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. By Ed Silverman March 11, 2016 Reprintscenter_img Anthera Pharmaceuticals named Dr. James Pennington as interim chief medical officer;Anthera Pharmaceuticals said Dr. Colin Hislop resigned as chief medical officer;Scholar Rock hired Dr. Yung Chyung as chief medical officer;Azure Biotech hired David Thompson as president;CohBar hired Simon Allen as chief executive officer;Sutro Biopharma hired Dr. Arturo Molina as chief medical officer;CRISPR Therapeutics hired Marc Becker as chief financial officer;Sutro Biopharma hired Mark Lupher as VP of translational pharmacology and preclinical development;Synergy Pharmaceuticals promoted Marino Garcia to executive vice president and chief strategy officer; PharmalotUp and down the ladder: The latest comings and goings Tags Johnson & JohnsonMerckSanofi @Pharmalot About the Author Reprintslast_img read more

Pharmalittle: Congress drops bill to speed generics to market; E.U. pol calls Novartis bribe scheme ‘slander’

first_imgPharmalot @Pharmalot And so, another working week will soon draw to a close. Not a moment too soon, yes? This is, you may recall, our treasured signal to daydream about weekend plans. Our agenda is exceedingly modest. We plan to catch up on some reading, take a few naps, promenade with the official mascots, and hang with our shortest person. And what about you? You could cozy up in front of the telly and watch the Winter Olympics. Take in a moving picture. Or look into reserving a seat for that military parade we have heard about. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon …The budget deal struck by Congress left out a bill that is designed to prevent brand-name drug makers from using delay tactics to prevent cheaper generic competitors from coming onto the market, The Hill points out. Specifically, the CREATES Act would allow generic companies to file suit against brand-name rivals that do not provide samples of medicines needed to compile applications for obtaining regulatory approval. The bill is one of the few drug pricing measures that has bipartisan support in Congress. [email protected] What is it? GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Alex Hogan/STAT STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What’s included?center_img Tags drug pricingpharmaceuticalspharmalittleSTAT+ Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Ed Silverman Log In | Learn More About the Author Reprints By Ed Silverman Feb. 9, 2018 Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Pharmalittle: Congress drops bill to speed generics to market; E.U. pol calls Novartis bribe scheme ‘slander’ last_img read more

Ohio sues Express Scripts for ‘egregiously’ overcharging for medicines

first_img @Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Ed Silverman Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. The Ohio Attorney General has filed a lawsuit alleging Express Scripts overcharged a state pension plan for generic drugs and “silently” pocketed millions of dollars, the second time in two years the state has accused a big pharmacy benefit manager of overcharging for medicines.Specifically, Express Scripts failed to satisfy pricing guarantees in a contract with the Ohio State Highway Patrol Retirement System and “repeatedly misclassified” generic drugs as brand-name medicines. The contract carried a lower pricing guarantee for brand-name drugs, causing the pension plan to overpay for numerous drugs, according to the lawsuit filed in an Ohio state court. GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Ohio sues Express Scripts for ‘egregiously’ overcharging for medicines About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry.center_img What’s included? Jeff Roberson/AP What is it? Log In | Learn More [email protected] By Ed Silverman July 14, 2020 Reprints Pharmalot Tags drug pricinglegalSTAT+last_img read more

Coronavirus: 18 further deaths and 683 new cases as walk-in test centres established

first_img Pinterest Electric Picnic Twitter Council As of March 21st 2021, 680,015 doses of COVID-19 vaccine have been administered in Ireland:495,824 people have received their first dose184,191 people have received their second doseThe COVID-19 Dashboard provides up-to-date information on the key indicators of COVID-19 in the community including daily data on Ireland’s COVID-19 Vaccination Programme.New Cases in LaoisMarch 23 – 18March 22 – 8March 21 – 8March 20 – 10March 19 – 5March 18 – 16March 17 – 5March 16 – 6March 15 – 4March 14 – 2March 13 – 5March 12 – 3March 11 – 2March 10 – 8March 9 – 3March 8 – 114-day case rate in Laois per 100,000 populationMarch 23 – 119.2March 22 – 99.2March 21 – 90.9March 20 – 85March 19 – 83.8March 18 – 83.8March 17 – 76.7March 16 – 77.9March 15 – 86.2March 14 – 81.5March 13 – 93.3March 12 – 103.9March 11 – 118.1March 10 – 133.4March 9 – 135.8March 8 – 157New cases in Laois during past 14 daysMarch 23 – 101March 22 – 84March 21 – 77March 20 – 72March 19 – 71March 18 – 71March 17 – 65March 16 – 66March 15 – 73March 14 – 69March 13 – 79March 12 – 88March 11 – 100March 10 – 113March 9 – 115March 8 – 133Walk-in test centresNo GP appointment will be needed, or fee will apply, for anyone using the new walk-in Covid-19 test centres that are being created to target areas where positive cases are particularly high.The aim of the initiative is to help understand why disease is spreading, and in particular, help uncover cases without symptoms.The public can use the free testing service if they are aged over 16, do not have Covid-19 symptoms, but would like to be tested, may not have their own GP, and live within 5km of the test centre.Walk-in test centre locations will be open at the following locations, according to the Minister for Health, Stephen Donnelly:Aura Leisure Centre, TullamoreNational Aquatic Centre Car Park, BlanchardstownHSE Phoenix Care Centre Car Park, GrangegormanTallaght StadiumIrishtown StadiumSEE ALSO – Planning permission granted for new €24 million Garda station in Portlaoise Electric Picnic organisers release statement following confirmation of new festival date RELATED ARTICLESMORE FROM AUTHOR Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 months Twitter Facebook WhatsApp There have been 18 further Coronavirus-related deaths and 683 new cases, according to figures released by the health authorities this evening.Of the deaths reported today, 6 occurred in March, 7 in February and 5 in January.18 of the cases announced are in Laois, meaning the county’s 14-day incidence rate has increased again, to 119.2Of the cases notified today:324 are men / 359 are women75% are under 45 years of ageThe median age is 32 years old308 in Dublin, 68 in Donegal, 49 in Kildare, 35 in Meath, 30 in Offaly and the remaining 193 cases are spread across 21 other countiesAs of 8am today, 329 COVID-19 patients are hospitalised, of which 76 are in ICU. 18 additional hospitalisations in the past 24 hours.center_img Previous articleBREAKING: Emergency services on the scene as former Laois shopping centre on fireNext articleDeaths in Laois – Thursday, March 25, 2021 LaoisToday Reporter WhatsApp Home News Community Coronavirus: 18 further deaths and 683 new cases as walk-in test centres… NewsCommunity Coronavirus: 18 further deaths and 683 new cases as walk-in test centres established Electric Picnic apply to Laois County Council for new date for this year’s festival TAGSCoronavirusCovid-19 Electric Picnic Pinterest Facebook By LaoisToday Reporter – 24th March 2021 last_img read more

B.C. moves to strengthen SRO enforcement

first_img James Langton Judge gavel, scales of justice and law books in court flynt/123RF British Columbia’s government is taking steps to strengthen enforcement and prevent fraud in B.C.’s investment markets, B.C. Finance Minister Carole James announced on Monday.The province is introducing amendments to the Securities Act that will allow the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA) to enforce penalties as court orders against investment dealers who wrong investors. BFI investors plead for firm’s sale The measures aim to improve the self-regulatory organizations’ (SROs) collection rates, particularly against individuals who can avoid fines against them by simply leaving the investment industry.“The amendments introduced today will give IIROC and the MFDA the ability to file decisions directly with a court of law. Filing in court means that they will be able to pursue outstanding fines, and order a person to comply with decisions, made by these national self-regulatory organizations,” the B.C. finance ministry says in a news release.Similar changes have already been adopted by other provinces. With the addition of B.C., Canada’s Big Four provinces have all empowered the industry SROs to improve their penalty collection rates.Also readOntario to give SROs power to collect fines against advisors in court“Many British Columbians invest their life savings in the securities market. They expect their money will be safe from fraudsters. We’re taking action to protect people who invest by giving self-regulatory organizations the tools they need to collect fines and deter fraudulent behaviour,” says James in a statement.“Having better tools in our enforcement toolkit will enable us to hold wrongdoers accountable and provide British Columbians with greater confidence to invest. Being able to collect penalties through the courts will send a powerful message that if you harm investors you will pay the penalty,” adds Andrew Kriegler, president and CEO of IIROC, in a statement. PwC alleges deleted emails, unusual transactions in Bridging Finance case Share this article and your comments with peers on social media Keywords Self-regulatory organizations,  Enforcement,  British Columbia Facebook LinkedIn Twitter Mouth mechanic turned market manipulator Related newslast_img read more

Beyond Blue welcomes landmark Royal Commission into Victoria’s Mental Health System Final Report

first_imgBeyond Blue welcomes landmark Royal Commission into Victoria’s Mental Health System Final Report Beyond Blue welcomes the Final Report of the Royal Commission into Victoria’s Mental Health System and commends the Victorian government for listening to diverse voices as it remakes a new system.Beyond Blue Chair The Hon Julia Gillard AC said this was a significant report that paved the way for profound change for all Victorians.“This is a watershed moment in mental health system reform in this country. The Victorian Royal Commission has acknowledged the serious failings of the existing system and listened to many voices and perspectives to create a vision for a better way forward,” Ms Gillard said.“The clear message from the Commissioners to people who live with mental health issues is that it’s the system that’s broken, not them.“We congratulate the Victorian government for committing to implement each of the Commission’s recommendations and believe this report provides a blueprint for genuine transformational change.”Beyond Blue CEO Georgie Harman said the report acknowledged the need to support people’s mental health and wellbeing not only in health settings, but also where they live, work, learn and play.“By drawing on the deep, rich and informed insights of people who live with mental health issues – people who have tried to navigate the broken system – the Commissioners have produced a clear vision with pragmatic solutions that put the community at the heart of a remade system,” Ms Harman said.“And they have recognised that by providing support early – in life and in illness – we can support people to achieve their best possible mental health throughout their whole lives.“Mental health affects all of us in some way. We may be managing our own mental health issues, we may be supporting someone who’s struggling or we may know someone who’s been affected by suicide. The simple fact is that mental health system reform isn’t only a health issue, it’s a significant social issue and the Commissioners understand this too.“Any change of this magnitude and importance will require a significant investment over the long term and Beyond Blue fully supports such an investment.”Beyond Blue looks forward to collaborating with the Victorian government, people with lived experience, their families and loved ones, and colleagues in the sector to support the implementation of these critical reforms. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Commission, community, Government, health, heart, Investment, Julia Gillard, mental, mental health, reform, royal commission, suicide, Victoria, wellbeinglast_img read more

Time to address unacceptably high level of Indigenous people in custody

first_imgTime to address unacceptably high level of Indigenous people in custody Law Society of NSWThe Law Society of NSW today welcomed a NSW parliamentary committee report on the “unacceptably high” level of Indigenous people in custody, which has been tabled 30 years to the day since the final report of the Royal Commission into Aboriginal Deaths in Custody was handed down. The Select Committee Report on First Nations people in custody has adopted many of the recommendations made in the Law Society’s submission to the Inquiry, including that the NSW Government commit to the immediate andcomprehensive implementation of all outstanding recommendations from the 1991 Royal Commission report.Other measures supported by the Law Society and included in the Select Committee’s recommendations include:Long term funding for justice reinvestmentExpansion of the Drug Court to regional areasExpansion of circle sentencing to more locationsFund the establishment of the Walama Court in the District CourtRaise the minimum age of criminal responsibilityProvide adequate funding and resources to ensure that drug and alcohol rehabilitation services are available across New South WalesAmend the Bail Act 2013 to include a standalone provision that stipulates a bail decision maker must take into account any issues that arise due to the person’s Aboriginality, similar to section 3A of the Bail Act 1977 (Vic).President of the Law Society, Juliana Warner, said today’s report sets out a pathway for far-reaching reforms to the criminal justice system.“In 1991, the Royal Commission into Aboriginal Deaths in Custody made 339 recommendations – 30 years later the rate of Indigenous incarceration remains unacceptably high and tragically more than 450 Aboriginal and Torres Strait Islander People have died in custody,” Ms Warner said.“The time has come for a concerted and coordinated whole of government response to make substantive, structural changes to address these long standing issues. “As we stated in our submission, the key finding of the Royal Commission and subsequent reviews is that the crux of the problem is the disproportionate number of Aboriginal and Torres Strait Islander people in our criminal justice system, and the systemic issues underlying incarceration.“Given that the 2018 Deloitte review of the implementation of the recommendations from the Royal Commission found that, “the lowest proportion of fully implemented recommendations relates to self-determination, noncustodial approaches, and cycle of offending”, it’s not surprising that these issues remain unaddressed almost 30 years after the Royal Commission.“Significantly, this view that has also been expressed by the Select Committee in their final report.“We support calls for all of the recommendations from the Royal Commission into Aboriginal Deaths in Custody to be fully implemented, in particular those recommendations that are underpinned by Indigenous community empowerment and principles of self-determination.“And we must not ever forget that the pain, grief and suffering endures for the families, friends and communities of every single Indigenous person who has died in custody before or since the Royal Commission,” Ms Warner said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Aboriginal, Aboriginal and Torres Strait Islander, Aboriginal and Torres Strait Islander people, Commission, community, Criminal, criminal justice, Deloitte, empowerment, Government, Indigenous, New South Wales, NSW, President, resources, royal commissionlast_img read more

John Maxwell – a vanguard of democracy has left us- PM Golding

first_imgJohn Maxwell – a vanguard of democracy has left us- PM Golding Office of the Prime MinisterDecember 11, 2010 RelatedJohn Maxwell – a vanguard of democracy has left us- PM Golding Advertisements FacebookTwitterWhatsAppEmail Prime Minister Bruce Golding has lamented the passing yesterday (Dec 10) of one of the Caribbean region’s brightest and most outspoken journalists, John Maxwell.Describing him as one of the vanguards of democracy, Prime Minister Golding said that Maxwell, in his over 50 years as a journalist, gained the utmost respect for his fearless and outspoken views and commentaries.‘He lived life passionately and took that same approach and dedication to his profession as a journalist who managed to exercise his craft in every area of the media leaving his indelible mark. His death is a tremendous loss to his profession’, Mr Golding said.The Prime Minister has extended condolence to his wife, Dr Marjan deBruin, his children, members of his family, his colleagues in the media and friends. John Maxwell died after a long battle with lung cancer.center_img RelatedJohn Maxwell – a vanguard of democracy has left us- PM Golding RelatedJohn Maxwell – a vanguard of democracy has left us- PM Goldinglast_img read more

Industry Minister Hails Contribution of Francis Kennedy

first_imgIndustry Minister Hails Contribution of Francis Kennedy CommerceOctober 30, 2014Written by: Douglas McIntosh RelatedPrivate Sector, Development Partners Welcome Leap in Doing Business Ranking RelatedCAC Secures Millions for Customers Story HighlightsIndustry, Investment and Commerce Minister, Hon. Anthony Hylton, has hailed the contribution of late Jamaica Chamber of Commerce (JCC) President, Francis “Paco” Kennedy, to the National Competitiveness Council (NCC).Mr. Hylton, who also chairs the NCC, described Mr. Kennedy, who passed away earlier this week, as a “dedicated” member of the entity “and a stalwart in the private sector.”In noting Jamaica’s significantly improved position globally in the World Bank’s latest Doing Business Report, which sees the country moving up 36 places to 58th Mr. Hylton said “this…continues Jamaica’s performance trend in the global competitiveness indices, this year. Industry Minister Hails Contribution of Francis KennedyJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay Advertisementscenter_img Industry, Investment and Commerce Minister, Hon. Anthony Hylton, has hailed the contribution of late Jamaica Chamber of Commerce (JCC) President, Francis “Paco” Kennedy, to the National Competitiveness Council (NCC).Speaking at the Council’s final meeting for 2014 at Jamaica Promotions Corporation’s (JAMPRO) New Kingston corporate offices on Wednesday, October 29, Mr. Hylton, who also chairs the NCC, described Mr. Kennedy, who passed away earlier this week, as a “dedicated” member of the entity “and a stalwart in the private sector.”“Paco was a friend, personal and of the Ministry, and Government. His (widow) Marjory, who all of us (NCC members) know, sits on the Council, in her own right, as President of the Jamaica Exporters’ Association (JEA)…and I cannot imagine what she is going through at this time,” the Minister said, as he invited Council members attending Wednesday’s meeting to observe a minute’s silence in memory of Mr. Kennedy.Meanwhile, Mr. Hylton expressed gratitude to all of the NCC’s members, who attended and participated in the entity’s meetings during 2014.“We have accomplished a number of things that we set out to do (at) the beginning of the year, and I want to thank all of you for playing your part in large and small ways,” he said.In noting Jamaica’s significantly improved position globally in the World Bank’s latest Doing Business Report, which sees the country moving up 36 places to 58th Mr. Hylton said “this…continues Jamaica’s performance trend in the global competitiveness indices, this year, given the earlier performance for Logistics Performance Index (LPI), and then the Global Competitiveness Report, last month.”“We have received improvements all the key competitiveness reports, and we look forward to continuing this progress for the year 2015,” he stated.Mr. Hylton also noted that JAMPRO, through the work of the NCC, has been named Lead Coordinating Agency for component one of the World Bank’s Foundation for Competitiveness and Growth Project, “which will focus on the implementation of reforms impacting development approvals, access to credit, trading across borders, and general competition laws in Jamaica.”Established in 2010, the NCC brings the systems pertaining to national competitiveness under one umbrella. It seeks to implement cross-functional and multi-agency strategies to address the impediments associated with establishing and operating a business in Jamaica.Additionally, it drives the creation and maintenance of a policy environment that facilitates continued improvements in the productivity and innovativeness of Jamaican micro, small and medium enterprises (MSMEs). Photo: JIS PhotographerIndustry, Investment, and Commerce Minister, Hon. Anthony Hylton (right), greets University of the West Indies (UWI) Pro-Vice Chancellor, Professor Alvin Wint (centre), and Scotiabank Vice President in charge of Government Affairs, and Co-Chairman, Jamaica Bankers Association (JBA) Public Policy and Legislative Committee, Dr. Wayne Henry, during Wednesday’s (October 29) National Competitiveness Council (NCC) meeting at Jamaica Promotions Corporation’s (JAMPRO) New Kingston corporate offices. Mr. Hylton Chairs the NCC of which Professor Wint and Dr. Henry are also members. FacebookTwitterWhatsAppEmail RelatedEU Head Says Trade and Business Reforms Bearing Fruitlast_img read more