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There should be no increase in the retail prices of alcoholic beverages produced by J. Wray & Nephew Limited, Jamaica’s premier producer, despite the increases in the Special Consumption Tax (SCT) announced in Parliament on May 6 by Minister of … Continued
The Jamaica Civil Service Association (JCSA), which represents thousands of civil servants, celebrated its 90th anniversary, with a church service on Sunday (May 3). President of the JCSA, Wayne Jones, in an address at the Ridgemount United Church, Mandeville, read … Continued
Minister of Finance and the Public Service – the Honourable Audley Shaw, along with Minister of National Security – Senator the Honourable Dwight Nelson, Minister of Labour and Social Security, the Honourable Pearnel Charles and Minister of State, Ministry of … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, today (Wednesday, May 6) announced a reversal of Government’s decision to impose General Consumption Tax (GCT) on imported printed material, salt, rolled oats, syrup, fish soup, cock soup, noodle soups, … Continued
The Government is to pursue discussions with private sector stakeholders, with a view to establishing a jointly owned investment lending institution to assist businesses having difficulties in securing loans from traditional banks, or the Development Bank of Jamaica (DBJ). Prime … Continued
The Commission appointed by the Government to review the 1990s financial sector collapse, which led to the creation of the Financial Sector Adjustment Company(FINSAC), will start meeting on July 1. Minister of Finance and the Public Service Hon. Audley Shaw, … Continued
Much of this year’s Budget Debate has been spent discussing the unprecedented economic challenges facing the global economy. To be sure, we find ourselves at a difficult and critical juncture. Nevertheless, this year’s Budget Debate has given Jamaicans and all … Continued
Minister of Finance and the Public Service Hon. Audley Shaw, is expected to clarify issues surrounding the imposition of General Consumption Tax (GCT) on computers and books today (May 6) when he closes the 2009/10 Budget Debate at Gordon House. … Continued
Prime Minister the Hon. Bruce Golding announced today (May 5), that the Students Loan Bureau (SLB) has sufficient funds available to meet this year’s demand for loans. Mr. Golding, who was making his contribution to the 2009/10 Budget Debate, in … Continued
Prime Minister the Hon. Bruce Golding says that Jamaica will only contemplate resuming a borrowing relationship with the International Monetary Fund (IMF), if the country faces significant deterioration in its balance of payment. But Mr. Golding, speaking in the Budget … Continued
Minister of State in the Ministry of National Security Senator the Hon. Arthur Williams, has been transferred to the Ministry of Finance and the Public Service. Mr. Williams will be assigned special duties in the Public Service Division of the … Continued
Minister of Finance and the Public Service Hon. Audley Shaw, has said that the Commission of Enquiry into the 1990s financial meltdown, which led to the creation of the Financial Sector Adjustment Company (FINSAC), will commence this summer. Speaking at … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has said that the Government has no intention of taxing bond holders to close the gap in the national budget. “I wish to state categorically that the Government is not … Continued
Minister of Finance and the Public Service, Audley Shaw, will be meeting with nurses at 11:00 a.m. tomorrow to discuss issues relating to their job reclassification exercise. Addressing today’s (April 29) post-Cabinet press briefing at the Office of the Prime … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has said that he is willing to consider concessions requested by taxi operators, but only on condition that they become registered and tax compliant. “I am willing to sit down … Continued
The 2009/2010 Budget Debate will continue on Tuesday April 28 at 2:30 pm when Opposition Spokesman on Finance, Dr. Omar Davies makes his contribution. On Wednesday, Minister of Industry, Investment and Commerce, Hon. Karl Samuda will speak. Opposition spokesman on … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has announced the revisited list of items for which General Consumption Tax (GCT) has become applicable as of Monday, April 27, 2009. The Minister pointed out that GCT exemptions will … Continued
Minister of Finance and the Public Service, Audley Shaw, has said that the financial system remains strong and well capitalised. The Minister, who was opening the Budget Debate in the House of Representatives on April 23, commended the steps taken … Continued
Minister of Finance and the Public Service, Audley Shaw, has said that taxi fares, electricity bills, cooking gas and fuel used by the bauxite and aviation sectors should not be affected by the increase in the Special Consumption Tax on … Continued
The Government is not expected to return to the capital markets this fiscal year, but expected loan inflows from the multilateral financial institutions will assist in meeting financial obligations. This was the word from Minister of Finance and the Public … Continued