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
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • 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
      • #
    • Obits
    • 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
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • 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
      • #
    • Obits
    • 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
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • 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"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

JPS to regularise mobile office in St Mary after successful Port Maria staging
Latest News, News
JPS to regularise mobile office in St Mary after successful Port Maria staging
September 16, 2026
ST MARY, Jamaica —The Jamaica Public Service Company (JPS) is moving to regularise the use of its mobile office in St Mary, following a successful sta...
{"jamaica-observer":"Jamaica Observer"}
48-hour curfew extended in sections of St Mary
Latest News, News
48-hour curfew extended in sections of St Mary
September 16, 2026
ST MARY, Jamaica   — The 48-hour curfew that has been imposed in sections of Islington, St Mary has been extended. The curfew will continue from 6:00 ...
{"jamaica-observer":"Jamaica Observer"}
Kendal schools get safer classrooms for new term after Hurricane Melissa
Latest News, News
Kendal schools get safer classrooms for new term after Hurricane Melissa
September 16, 2026
MANCHESTER, Jamaica — For teachers and students at two schools in Kendal, the new school term began with more than the usual back-to-school excitement...
{"jamaica-observer":"Jamaica Observer"}
Students to explore AI careers in tourism at September 30 youth forum
Latest News, News
Students to explore AI careers in tourism at September 30 youth forum
September 16, 2026
KINGSTON, Jamaica — Several students from across the island will be participating in the Tourism 3.0 Artificial Intelligence (AI) Youth Forum on Septe...
{"jamaica-observer":"Jamaica Observer"}
Mbappe explains Ceuta shirt stance after criticism
International News, Latest News, Sports
Mbappe explains Ceuta shirt stance after criticism
September 16, 2026
BARCELONA, Spain (AFP) -- Real Madrid superstar Kylian Mbappe said on Wednesday that he wanted to make a gesture in support of immigrants who had lost...
{"jamaica-observer":"Jamaica Observer"}
Integrity Commission launches ‘Integrity Corners’ in four schools
Latest News, News
Integrity Commission launches ‘Integrity Corners’ in four schools
September 16, 2026
KINGSTON, Jamaica — The Integrity Commission has launched an 'Integrity Corner' initiative in four primary and preparatory schools, providing dedicate...
{"jamaica-observer":"Jamaica Observer"}
Gas prices up $3.06, diesel up $10.50
Latest News, News
Gas prices up $3.06, diesel up $10.50
September 16, 2026
KINGSTON, Jamaica — Motorists should see an increase at the pumps in the price of gasoline effective Thursday, September 17, according to the latest e...
{"jamaica-observer":"Jamaica Observer"}
Forex: $158.88 to one US dollar
Latest News
Forex: $158.88 to one US dollar
September 16, 2026
KINGSTON, Jamaica — The United States (US) dollar on Wednesday, September 16, ended trading at $158.88, down 8 cents, according to the Bank of Jamaica...
{"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