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
Hylton takes PSOJ helm as Jamaica confronts growth test post-Melissa
Patrick Hylton addresses the media during his first press briefing as president of the Private Sector Organisation of Jamaica in Kingston on Thursday.
Business, Caribbean Business Report (CBR)
BY KARENA BENNETT Senior business reporter bennettk@jamaicaobserver.com  
January 30, 2026

Hylton takes PSOJ helm as Jamaica confronts growth test post-Melissa

After years spent reshaping Jamaica’s banking sector, Patrick Hylton could have stayed comfortably out of the spotlight. Instead, at a moment when Hurricane Melissa has again exposed how vulnerable Jamaica’s growth path remains, he has stepped back into public leadership with a broader ambition in mind.

“This role gives me the opportunity to do what I’ve been doing, but on a grander scale,” Hylton said, explaining his decision to return to public leadership.

Hylton, who led the expansion of NCB Financial Group from a troubled local bank into a regional financial institution, was introduced on Thursday as the new president of the Private Sector Organisation of Jamaica (PSOJ). From his opening remarks, it was clear that he sees the role less as a ceremonial post and more as a platform to influence outcomes.

“The responsibility is really about representation. Representing what Jamaican businesses are saying, what they need in order to invest, what they need in order to grow, and what they need to create sustainable employment,” Hylton told journalists during the press briefing.

His presidency comes at a sensitive point for the economy. Jamaica has secured a measure of macroeconomic stability, but momentum has been uneven, a challenge now compounded by post-Melissa rebuilding pressures and renewed debate about policy flexibility.

Hylton drew a firm line on that issue.

“The private sector wants growth, but as responsible citizens and stakeholders, we want growth that aligns with and supports our hard-won economic stability. We can’t trade that for anything,” he said.

For Hylton, the constraint is not a lack of ideas, but a failure to convert discussion into delivery.

“Growth will not happen in press conferences like we are having here today. It requires productivity. It requires reduced bureaucracy. It requires increased facilitation. It requires discipline,” the newly inducted PSOJ president said.

That perspective is informed by experience. Over decades in banking, Hylton helped guide institutions through crisis, restructuring and regional expansion. He now frames Jamaica’s economic challenge in similar terms, as one of scale and the ability to turn disruption into opportunity.

“It is difficult to grow in an environment with a limited population. If our businesses are going to grow, we have to scale. We have to expand regionally and globally. The world must become our oyster,” he said.

In that context, Hylton argued that Jamaica must move beyond niche exports and more deliberately support firms capable of competing across borders, backed by policies that reward ambition and performance. Technology, he added, should be treated as core infrastructure if companies are to overcome size, cost and geographic constraints.

He also pointed to the value of more structured national coordination around growth, drawing on his experience as a founding member of the Economic Programme Oversight Committee (EPOC). While stopping short of a formal proposal, Hylton suggested that a similar framework focused on growth could bring greater continuity to reform efforts.

“I had the benefit of being one of the original members of EPOC when it was established many years ago, and I saw the benefit of it, as many of us have seen. If something works that well, I think we should utilise it more. I think there is an opportunity here to leverage that type of framework to improve things,” he said.

Crime also featured prominently in his remarks, framed as a direct economic constraint. The cost of security, protection and disruption, he said, diverts resources that could otherwise support investment and productivity.

On access to finance, Hylton acknowledged long-standing frustration among smaller businesses and signalled that this would be an early area of engagement under his presidency. Drawing on decades inside the banking system, he said the PSOJ would use his experience and relationships to press for more direct discussions with financial institutions around access to capital, particularly for smaller and growing firms.

“There has always been a debate about the role of banks and financial institutions as providers of capital for the development of our businesses, and there have been real challenges. Given my background and experience, I’ve seen it from both sides. I have good relationships in the financial sector, and I’m hoping to engage in a meaningful dialogue on behalf of our members, particularly the smaller ones, to see if we can bridge some of those gaps,” Hylton said

Asked why he chose to take on the role at this stage, Hylton further pointed to the satisfaction he draws from building people and institutions.

“I was able to take a business that was struggling and grow it…achieve many, many things. But one of the most satisfying things for me was the number of people I was able to help develop, and the roles they are now playing across Jamaica; you will see there names right across various businesses and sectors in Jamaica. I felt there was something more I could offer to society, and this role gives me the opportunity to do that on a wider scale,” he said.

Whether that ambition translates into measurable momentum will depend on execution. Hylton, however, appears comfortable being judged on results.

“There wer many times I would go to the team with aspiration, and sometimes I could sense the fear and the unease. But, you know, they say all men dream but not equally. There are those who dream at night, but the dreamers of day are dangerous men because they convert their dreams into reality,” he said.

“Well done,” Hylton said, quoting a favourite line, “is much better than well said.”

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

ALSO ON JAMAICA OBSERVER

Fear keeps family from bailing former cop accused of rampage at MoBay pharmacy
Latest News, News
Fear keeps family from bailing former cop accused of rampage at MoBay pharmacy
January 29, 2026
ST JAMES, Jamaica — Fear and caution have kept a former police officer behind bars, even after bail was granted, following a chaotic incident at a Mon...
{"jamaica-observer":"Jamaica Observer"}
Education ministry reiterates that no child must be denied access to public schools
Latest News, News
Education ministry reiterates that no child must be denied access to public schools
January 29, 2026
KINGSTON, Jamaica — The Ministry of Education, Skills, Youth and Information (MoESYI) is again reminding school leaders and stakeholders that every ch...
{"jamaica-observer":"Jamaica Observer"}
Key nominees for the Grammy Awards
Entertainment, Latest News
Key nominees for the Grammy Awards
January 29, 2026
LOS ANGELES, United States (AFP) — Here is a list of nominees in the major categories for the 68th annual Grammy Awards, which will be handed out on S...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
Government launches public sector flexible work arrangement
January 29, 2026
KINGSTON, Jamaica— The Government has officially launched the implementation of flexible work arrangements within the public sector, starting on a pha...
{"jamaica-observer":"Jamaica Observer"}
Bail granted after Flanker bedroom break-in
Latest News, News
Bail granted after Flanker bedroom break-in
January 29, 2026
ST JAMES, Jamaica — Daniel Farquharson, accused of breaking into a woman’s bedroom and stealing cash and groceries, has been granted bail—after a prev...
{"jamaica-observer":"Jamaica Observer"}
US man accused of posing as FBI agent to free Luigi Mangione
International News, Latest News
US man accused of posing as FBI agent to free Luigi Mangione
January 29, 2026
NEW YORK, United States (AFP) — A man was charged Thursday after allegedly posing as an FBI agent at a United States (US) jail to try to free Luigi Ma...
{"jamaica-observer":"Jamaica Observer"}
Venezuela opens oil industry to greater private investment
Latest News, Regional
Venezuela opens oil industry to greater private investment
January 29, 2026
CARACAS, Venezuela (AFP) — Venezuela's legislature on Thursday adopted a bill that throws its oil industry open to private investors, in line with Uni...
{"jamaica-observer":"Jamaica Observer"}
Japan donates two school buses to Muschett High
Latest News, News
Japan donates two school buses to Muschett High
January 29, 2026
KINGSTON, Jamaica — Students of Muschett High School in Trelawny will benefit from safer, more reliable transportation through a grant agreement with ...
{"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