China pushing for close economic ties with Cuba

Chinese President Xi Jinping has declared that Cuba’s economic reforms could lead to greater commercial ties between the two nations.      
Mr Xi made the comment while he was in Cuba on Tuesday as part of  a nine-day tour of  Latin America that has highlighted China’s growing ties to the region. He previously visited Brazil, Venezuela and Argentina.      
The Chinese President said, given the reforms, Cuba could attract significant Chinese investments.    
Under Raul Castro, Cuba has decentralised state-owned enterprises, legalised home and used car sales and let hundreds of  thousands of people open or work for small businesses.     

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China pushing for close economic ties with Cuba

Jampro pushing for diversification of investment options

Jampro, Jamaica’s investment promotion agency, declared on Tuesday that it is pushing to diversify the areas in which the country attracts foreign direct investments (FDI).     
That assertion came in the wake of a World Investment Report, which shows a high concentration of  FDI’s in 2013, going to the country’s tourism sector.   

Milton Samuda, Chairman of  Jampro, is confident that there will be diversification of investment options in the future, but he is cautioning that, if this is to happen, the government must remove the red tape associated with doing business in Jamaica.

He contends that “government’s bureaucratic processes must not hold up  legitimate applications at any level, in any industry.”

According to the Jampro Chairman, “it is far better that efficient government be waiting on investments, than impatient investors be waiting on inefficient government.”      
Jamaica recorded US$560 million in FDI inflows last year, which was the highest it had been in five years.  

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Jampro pushing for diversification of investment options