Shaw seems a superb performer

Tuesday, April 24, 2018

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Dear Editor,

Pundits were arguing that the prime minister demoted Audley Shaw by making him the minister of industry, commerce, agriculture and fisheries.

However, prescient onlookers knew that Andrew Holness was being strategic by employing Shaw in that capacity.

Despite being in the position for a short while, Shaw is already proving to be a super performer. He has announced plans for the creation of a micro stock exchange to allow companies valued between $5 million and $50 million to raise capital from the market. Shaw notes that having a micro exchange will encourage smaller businesses to become formal; thus making it easier for them to access funding. He is also serious about reducing the numbers of years after which financial institutions are required to hand over unclaimed funds to the State.

Further technical consultants will be assessing the feasibility of using these funds as a financing option available to micro-, small- and medium-sized businesses. In addition, under his watch, the ministry has requested a survey of abandoned and under-utilised buildings to make them available to small manufacturers.

Shaw is obviously one of the superb performers of this Administration. It is clear that the People's National Party will be in Opposition for a long time, because Jamaicans are more interested in the wealth creation message of the Jamaica Labour Party versus the former's poverty of ideas. The modern Jamaican citizen is ambitious and entrepreneurial. We do not need the People's National Party to love us or give us handouts.

Lipton Matthews

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