Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the local private pensions industry has the potential to spur higher levels of sustainable economic growth for Jamaica. With assets totalling approximately $521 billion as at December 2017, representing about 25 per cent of gross domestic product (GDP), Mrs. Williams argued that increased pension...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the Government plans to proceed with phase two reforms to the Pensions Act and the attendant regulations, during the 2018/19 fiscal year. She made the announcement while addressing NCB Insurance Company Limited’s pension funds seminar, which was held at The Jamaica Pegasus hotel, New...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, is commending the Financial Investigations Division (FID) on its work over the past 15 years in deterring the use of Jamaica’s economy for money laundering and other financial crimes. She said that the entity is “ensuring that the country’s financial system remains safe and sound...

The Government has settled all judgement debts due at the end of the 2017/18 fiscal year, made possible through a provision of $1.309 billion from the Ministry of Finance and the Public Service. Minister of Justice, Hon. Delroy Chuck, who made the announcement during his contribution to the 2018/19 Sectoral Debate in the House of Representatives on May 22, said...

Bank of Jamaica (BOJ) Governor, Brian Wynter, says the 3.2 per cent rate of inflation recorded for April 2018, fell below the BOJ’s target range of four to six per cent. Additionally, he said it was lower than the 3.9 per cent out-turn for March 2018, and the 5.2 per cent recorded for December 2017, as reported by the Statistical...

Bank of Jamaica (BOJ) Governor, Brian Wynter, says Jamaica’s overall macro-economic indicators continue to improve. Speaking at the bank’s quarterly media briefing at the BOJ Auditorium, downtown Kingston, on Monday (May 21), the Governor pointed out that inflation is low, the net international reserves (NIR) is increasing and the balance of payments, while projected to “widen somewhat” will remain at...

Bank of Jamaica (BOJ) Governor, Brian Wynter, says the 3.2 per cent rate of inflation recorded for April 2018, fell below the BOJ’s target range of four to six per cent. Additionally, he said it was lower than the 3.9 per cent out-turn for March 2018, and the 5.2 per cent recorded for December 2017, as reported by the Statistical...

More cadet units are to be established in schools in order to instil positive values and attitudes in the youth and steer them away from negative influences. Minister of National Security, Hon. Rudyard Spencer, says discussions are being held with the Ministry of Education, Youth and Information in order to increase the number of secondary schools with cadet units by...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the country’s debt-to-gross domestic product (GDP) ratio is projected to fall below 100 per cent at the end of the 2018/19 fiscal year. The Minister was speaking at the Pension Funds Association of Jamaica’s annual luncheon at The Knutsford Court Hotel in New Kingston on May 16....