Come September 2020, the Government will be amending the format for measuring Jamaica’s gross domestic product (GDP), to include research and development as a subsector. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says this will entail incorporating the 2008 GDP measurement update under the United Nations System of National Accounts (SNA), being used by a number...

The deposit refund scheme, which will provide cash to consumers who return their plastic bottles, is to be operational early in the 2019/20 financial year. Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Daryl Vaz, made the disclosure during a statement to the House of Representatives on Tuesday (February 5). The forthcoming scheme is intended...

Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, says that more than 150 specialist mathematics teachers will be deployed to the secondary education system following the completion of training and graduation in June. They are the first cohort to benefit under the Government’s drive to increase the number of secondary level mathematics teachers trained locally. More than...

Prime Minister, the Most Hon. Andrew Holness, says investments being made in improving operations at the Kingston Freeport Terminal Limited (KFTL) are helping to boost the country’s logistics initiative. The Government’s logistics project aims to position Jamaica as the fourth global logistics connecting point, comparable to Singapore, Dubai and Rotterdam, to help transform the economy and create jobs. A key...

Prime Minister, the Most Hon. Andrew Holness, says while Jamaica is not immune to its share of economic challenges, the fact still remains that more Jamaicans are employed today than at any other time in the nation’s history. Speaking at the official opening of the 120-room S Hotel in Montego Bay, St. James, on January 27, Mr. Holness said this...

Prime Minister, the Most Hon. Andrew Holness, says the Government will, in the coming months, be looking at all the assets under its portfolio with the intention of making them available to the private sector. Speaking at the official opening of the 120-room S Hotel in Montego Bay, St. James, on January 27, Mr. Holness added that while he sees...

The level of confidence in the economy by both businesses and consumers continued to rise in the fourth quarter of 2018. The consumer confidence index was 175.5 points compared to the 172.6 points in the third quarter, while the business confidence index increased to 147 points. This was disclosed at a press conference held on January 22 at the Jamaica...