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Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the “sky is the limit” as it regards growth in the Business Process Outsourcing (BPO) sector.

Public Sector Transformation Enhancing Government’s Efficiency – Dr. Phillips

Finance and Planning, Dr. the Hon. Peter Phillips, says the process of public sector transformation and modernisation, being undertaken by the administration, aims to restructure state institutions’ operations and establish systems designed to enhance and make them function more efficiently,...

Industry, Investment and Commerce Minister, Hon. Anthony Hylton (2nd right), points out something in a publication on logistics, while engaging in light conversation with (from left); Chairman and Chief Executive Officer (CEO) of Kingston Wharves Limited, Grantley Stephenson; President and CEO of the Port Authority of Jamaica, Professor Gordon Shirley; and Chairman of the Special Economic Zone Policy Steering Committee, Patricia Francis. Occasion was yesterday’s (March 12) session of the Jamaica Investment Forum held at the Montego Bay Convention Centre in St. James.

Gov’t to Push Through Int’l Financial Services Legislation – Minister Hylton

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, opens the 2015/16 budget debate in the House of Representatives on Thursday, March 12. His presentation was done under the theme: ‘Strong Foundations for Growth and the Expansion of Opportunities’.

Growth Accelerating in Tourism Sector – Finance Minister

Director. Road Safety Unit, Ministry of Transport, Works, and Housing, Kenute Hare, addressing the recent Jamaica Information Service (JIS) Think Tank.

Road Safety Unit Urges Strict Usage of Seatbelts and Helmets

11 years ago Budget 2015/2016Finance & Public ServiceParliament

New Labour Market Reform Commission Established

The Government has established a new Labour Market Reform Commission to undertake work which will ensure that industrial relations practices facilitate higher levels of productivity, and are compatible with modern labour market engagements. This was disclosed by Finance and Planning Minister, Dr. the Hon. Peter Phillips, as he opened the 2015/16 Budget Debate in the House of Representatives, on March...

11 years ago Budget 2015/2016Finance & Public Service

Six Entities Express Interest in Norman Manley Airport Privatization

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says six entities have expressed interest in operating the Norman Manley International Airport (NMIA) in Kingston, under privatization arrangements. Dr. Phillips, who made the announcement while opening the 2015/16 Budget Debate in the House of Representatives on March 12, said it is expected that a preferred bidder will be chosen within...

11 years ago National Security

No Evidence of Jamaicans Joining Terrorists Groups

The Ministry of National Security has become aware of a reported statement made to the United States Senate Armed Services Committee by General John Kelly, Commander of the United States Southern Command (US SOUTHCOMM). The report listed Jamaica as one of several countries in the Region from which recruits have departed for Syria. The Ministry has been monitoring the emerging...

11 years ago Budget 2015/2016Finance & Public ServiceParliament

$30 Billion Allocated For Major Projects

The Government is projected to spend $30.5 billion in 2015/16 to undertake work on roads and bridges, provide buses and housing solutions, upgrade schools, among other initiatives to benefit Jamaicans. Of the total, $3.3 billion will be spent for work on roadways and bridges, and to commence and complete phases five and six of the Jamaica Emergency Employment Programme (JEEP)....

11 years ago Budget 2015/2016Finance & Public ServiceParliament

All Obligations Will Be Met – Finance Minister

Finance and Planning Minister, Dr. the Hon. Peter Phillips, has reaffirmed the Government’s commitment to the Jamaican people, noting that the increase in the 2015/16 Budget is to ensure that “all obligations we entered into will be fulfilled.” Dr. Phillips said the Government continues to acknowledge the sacrifices and commitments made by public and private sector stakeholders, at all levels,...

11 years ago Tourism

Resort Towns to be Upgraded

The Tourism Enhancement Fund (TEF) has allocated a sum of $3.3 billion to rehabilitate and upgrade the resort towns of Negril, Montego Bay, Falmouth and Ocho Rios. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, who made the announcement while opening the 2015/16 Budget Debate in the House on March 12, said $300 million of the sum will...

11 years ago Budget 2015/2016Finance & Public ServiceParliament

Debt to GDP Ratio Continues to Fall

The country’s debt to gross domestic product (GDP) ratio is expected to continue its downward trajectory during the new fiscal year to reach 130.7 per cent by March 2016. This was disclosed by Minister of Finance and Planning, Dr. the Hon. Peter Phillips, as he opened the 2015/16 Budget Debate in the House of Representatives on Thursday, March 12. The debt to GDP...

11 years ago Budget 2015/2016Finance & Public ServiceParliament

NIR Remains Strong

The country’s Net International Reserves (NIR) remain strong, standing at US$1.91 billion at the end of February. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, informed that the gross reserves, covering approximately 17.1 weeks of imports of goods and services, are “comfortably” above the international benchmark of 12 weeks of imports of goods and services. He was opening the 2015/16 Budget...