Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
‘Business at the speed of thought’
Prime Minister Andrew Holness greets Marlene Street Forrest, managing director of Jamaica Stock Exchange, at the opening of the 20th staging of the Jamaica Stock Exchange Regional Conference on Investments and Capital Markets on Tuesday. The three-day event is being held at Jamaica Pegasus hotel in New Kingston. (Photo: Garfield Robinson)
News
Karena Bennett | Senior Business Reporter | bennettk@jamaicaobserver.com  
January 23, 2025

‘Business at the speed of thought’

Holness establishes task force to cut bureaucracy

Prime Minister Dr Andrew Holness has moved to fulfil his pledge to streamline Jamaica’s notoriously cumbersome bureaucracy with the announcement of a Speed Task Force, an initiative that forms part of his broader ASPIRE Jamaica framework.

Speaking at the Jamaica Stock Exchange Conference on Tuesday, Holness declared that the task force would overhaul inefficient government systems, improve ease of doing business, and accelerate economic growth. The announcement comes against the backdrop of an election year.

“We’re the country of the fastest man alive,” Holness declared. “We must translate that speed on the track to the speed of doing business. To drive this transformation, I will appoint the Speed Task Force.”

Holness first signalled his intent to tackle bureaucracy in a policy address last November and reiterated the commitment at the Jamaica Labour Party’s 81st annual conference. At both events, he decried the crippling effects of red tape, describing how excessive compliance requirements have stymied investment, delayed infrastructure projects, and frustrated citizens.

Describing bureaucracy as a once-praiseworthy structure, Holness said that it has become a drag on national progress.

“Bureaucracy wasn’t always a bad word — it was essential for running empires. But over time it has grown self-serving, more focused on compliance than results,” he said.

“Many current approval, permitting and regulatory processes were designed during a period of fiscal constraint, that’s the reality. With our debt-to-GDP ratio now significantly reduced, it is time to streamline these systems. We will simplify approvals, reduce wait times and eliminate outdated barriers and unnecessary layers of bureaucracy,” he reasoned.

The Speed Task Force, set to launch by the end of February, will tackle the inefficiencies head-on by identifying bottlenecks, streamlining processes, and delivering practical solutions within defined timelines. Whether through a single team or a rotating group of focused individuals on specific areas, Holness said the mechanism will ensure Jamaica’s business environment meets world class standards.

“We are aiming for business at the speed of thought,” he said.

Holness’s urgency to reform the business system is rooted in stark economic realities. With growth averaging less than one per cent per year over the past decade, Jamaica’s economic performance remains lacklustre. Coupled with the country’s vulnerability to external shocks, including climatic events, Holness argued that transformative action is needed to achieve national development goals.

“There is a close and circular relationship between the cost of doing business and the cost of living. When we improve the ease, speed, and cost of doing business, efficiency gains allow businesses to lower prices for customers.

“Conversely, inefficiencies, low bureaucracy, and higher taxes or fees raise the cost for businesses, which are eventually passed on to consumers as higher prices…every reform and bottling removed contributes to a more prosperous, equitable, and inclusive Jamaica,” Holness said.

Central to the reform is a digital transformation of government services, including business registration, tax filings, and permit approvals, as well as the roll-out of the National Identification System.

While the proposals appear robust, their proximity to an election has not gone unnoticed. The prime minister, however, pushed back on the notion of electioneering, insisting that his Government remains committed to fiscal prudence and responsible growth.

“Let me be clear, this pivot to growth does not in any way mean that we are going to abandon fiscal prudence. I have to say that, because I don’t want any misinterpretation. We will never go back to the days of ‘run wid it’, not under my watch,” Holness said, a reiteration of the Administration’s position he had outlined last November.

“We have worked too hard and sacrificed too much as a country to ever go back to that. Good fiscal management and macroeconomic stability are now business as usual for my Administration,” he continued.

The Speed Task Force is only one component of Holness’s growth agenda, which also prioritises economic diversification and workforce development. He challenged Jamaicans to think beyond traditional economic pillars and advocated investment in renewable energy, advanced manufacturing, and high-value services. He also emphasised the importance of retaining local talent, citing the need to reverse the brain drain that has seen Jamaica’s brightest minds leave for opportunities abroad.

{"xml":"xml"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Gov’t committed to proper functioning insolvency ecosystem, says Seiveright
Latest News, News
Gov’t committed to proper functioning insolvency ecosystem, says Seiveright
February 26, 2026
KINGSTON, Jamaica — Minister of State in the Ministry of Industry, Investment and Commerce, Delano Seiveright, has been tasked with leading the Govern...
{"jamaica-observer":"Jamaica Observer"}
Cuba will defend itself against any ‘terrorist aggression’ — president
Latest News
Cuba will defend itself against any ‘terrorist aggression’ — president
February 26, 2026
HAVANA, Cuba (AFP) — Cuba will defend itself against any "terrorist aggression", President Miguel Diaz-Canel declared Thursday, a day after a deadly s...
{"jamaica-observer":"Jamaica Observer"}
Minister Marion Hall to feature in Praise On The Green Gospel Extravaganza
Latest News, News
Minister Marion Hall to feature in Praise On The Green Gospel Extravaganza
February 26, 2026
Praise and worship with a contemporary edge comes to the city of Miramar on February 27 with the third Praise On The Green Gospel Extravaganza. The ev...
{"jamaica-observer":"Jamaica Observer"}
South Africa thrash West Indies in T20 World Cup statement win
International News, Latest News, Sports
South Africa thrash West Indies in T20 World Cup statement win
February 26, 2026
AHMEDABAD, India (AFP) — After the West Indies fought back from deep trouble at 83-7 to post 176-8, Markram and Quinton de Kock put on 95 for the firs...
{"jamaica-observer":"Jamaica Observer"}
SMA urges broadcast and aviation stakeholders to ensure safe airspace communication
Latest News, News
SMA urges broadcast and aviation stakeholders to ensure safe airspace communication
February 26, 2026
KINGSTON, Jamaica — The Spectrum Management Authority (SMA) has warned about the risks associated with signal interference and the shared responsibili...
{"jamaica-observer":"Jamaica Observer"}
Kenya administers first HIV prevention shots
International News, Latest News
Kenya administers first HIV prevention shots
February 26, 2026
NAIROBI, Kenya (AFP) — Kenya began administering the first dose of a groundbreaking HIV prevention drug in a Nairobi slum on Thursday. Lenacapavir, ta...
{"jamaica-observer":"Jamaica Observer"}
Cuba denounces ‘infiltration’ by armed group in speedboat from US
Latest News, Regional
Cuba denounces ‘infiltration’ by armed group in speedboat from US
February 25, 2026
HAVANA, Cuba (AFP) — Cuba said it thwarted gunmen trying to infiltrate from the United States as its coastguard fired Wednesday on a Florida-registere...
{"jamaica-observer":"Jamaica Observer"}
Jamaica beat TCI 7-0 in U20 qualifiers
Latest News, Sports
Jamaica beat TCI 7-0 in U20 qualifiers
February 25, 2026
KINGSTON, Jamaica —  Raequan Campbell-Dennis  scored a first-half double and Giovani Taylor came off the bench to score two more in the second half to...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct