Press Releases
Press Briefing- Jamaican Consumer Talks
On July 16, 2021, the FTC participated in a joint press briefing with the Consumer Affairs Commission (CAC) under the Caption “Jamaica Consumer Talks.” The press briefing was moderated by Mrs. Sancia Bennett Templer, Permanent Secretary at the Ministry of Industry, Investment and Commerce (MIIC) and featured presentations from Dr. Norman Dunn, State Minister in […]
Read MoreFTCNewsLine – July 2021
FTCNewsLine is an online quarterly newsletter of the Fair Trading Commission. In this Issue we feature matters arising during the period April 1 through June 30, 2021. FTCNewsLine – July 2021
Read MoreFTC concludes assessment of JAMECO Equipment Company’s acquisition of AMECO Caribbean
In April 2021, the FTC completed its assessment of the acquisition of AMECO Caribbean Inc. by JAMECO Equipment Company Limited. The acquisition initially raised concern for competition in the markets for (i) fleet management; (ii) sale of commercial equipment/vehicles; and (iii) lease of commercial equipment/vehicles in Jamaica. Accordingly, the FTC concluded that the Asset Sales […]
Read MoreFTC commences investigation into the termination of Agent Agreements by Supreme Ventures Limited
The FTC has commenced investigation into the complaints against Supreme Ventures Limited (‘SVL’) regarding SVL’s termination of the Full Service Agent Agreement with several of its agents. The agreement permits agents to sell lottery tickets and engage in other transactions on SVL’s behalf. The complaints indicate that the Agreements have been terminated because they have […]
Read MoreFTC Completes Study on Audit Services Industry
The FTC has completed its exploratory study on competition in Jamaica’s audit services market. The study examined competition in the market for auditing services in Jamaica with focus on two areas (i) trends in market concentration over the period 2013-2018; and (ii) industry –specific interactions between the top two leading (‘Big 2’) auditing firms and […]
Read MoreFTCNewsLine – April 2021
FTCNewsLine is an online quarterly newsletter of the Fair Trading Commission. In this Issue we feature matters arising during the period January 1 through March 31, 2021. FTCNewsLine – April 2021
Read MoreFTC engages Heineken in training on Competition Matters
The FTC conducted a virtual sensitization session with the management of Heineken Jamaica on the Fair Competition Act, 1993. Mrs. Susan Lawrence-Simms, Senior Legal Counsel, and Ms. Verlis Morris, Competition Analyst presented on “Competition Policy and Local Laws on Competition”, to Heineken’s forty (40) management staff. The interactive session allowed the FTC to provide clarity […]
Read MoreStudy on the policy of financial institutions on the early repayment of loans
In March 2021, the FTC completed its review of the policies of microfinance institutions (MFIs), commercial banks and credit unions regarding the early repayment of personal loans. Loans play an important role in the lives of consumers as it allows them to consume goods and services that they may not have had been able to […]
Read MoreStrategic Business Plan 2021-2025
This Strategic Plan covers the FTC’s core activities, such as those relating to receiving and investigating complaints, executing competition advocacy initiatives, carrying out market studies, and public education activities. The FTC has set three primary objectives for the medium term. Firstly, improving consumer welfare and facilitating growth in the business environment through focused enforcement of […]
Read MoreFTC presents Merger Assessment Guidelines at JAMBARCLE’s Business Continuity Webinar Series
On February 25, 2021, Ms. Venessa Hall, Legal Officer and Mr. Desroy Reid, Competition Analyst at the FTC presented at the Jamaican Bar Association’s Continuing Legal Education (JAMBARCLE) Business Continuity Webinar Series. Ms. Hall and Mr. Reid presented on the FTC’s draft “Merger Assessment Guidelines” and described the need for Merger Guidelines, the aim of […]
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