The Bank of Jamaica (BoJ) will be assessing the impact of the flood rains which lashed the island last week to determine whether its inflation forecast needs to be revised. While indicating that the general target was not expected to change, Governor, Brian Wynter, said the Bank would be better able to determine whether the forecast range needs to be...

Governor of the Bank of Jamaica, Brian Wynter, says that while challenges remain, the business climate in Jamaica is conducive to attracting increased private sector investment. “We need all our entrepreneurs to see it, understand it, and believe it. We need for them to believe it will last and to also have the faith to start investing or to invest...

The Government will be carrying out restoration work on several national monuments, as part of activities for Labour Day, which will be observed on May 23. These include the Workers Monument in downtown Kingston, the Workers Park in Frome, Westmoreland, the Workers Memorial in Islington, St. Mary and the Tacky monument in Port Maria. Minister of Labour and Social Security,...

Economic Programme Oversight Committee (EPOC) Co-Chair, Keith Duncan, is proposing that the Government analyse the over-performance in tax revenue inflows recorded for the 2016/17 fiscal year to determine the underlying factors driving this outcome. This, he said, should be done to ensure that this out-turn can be sustained over the long term. He posited the suggestion while addressing journalists during...

The Government is set to roll out a Scotch bonnet pepper programme in North East Manchester in the next few weeks. This was announced by Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. JC Hutchinson during a meeting with Irish Potato Farmers at the Restore Pentecostal Church in Devon, Manchester on May 17. He explained...

The Minister of Culture, Gender, Entertainment and Sport, the Honourable Olivia Grange has expressed sorrow at the passing of the Jamaican reggae/dancehall artiste Frankie Paul (Paul Blake). The Minister said that although she was aware of Paul's recent illness, his death came as a surprise this morning. Frankie Paul had been admitted to the Intensive Care Unit of the University...

Prime Minister the Most Hon. Andrew Holness has written to St. Vincent and the Grenadines Prime Minister, Dr. the Hon. Ralph Gonsalves, regarding developments in the Bolivian republic of Venezuela. Click Here for full statement.