Prime Minister the Most Hon. Andrew Holness says the opening of the new US$175 million Liquefied Natural Gas (LNG) terminal in Montego, St. James,  has now positioned Jamaica as a major energy force in the Caribbean. Mr. Holness adds that there is every reason to believe that the introduction of LNG into the country’s energy mix could be a real...

Chairman of the Port Authority of Jamaica (PAJ), Professor Gordon Shirley, says the agency is fast tracking plans to upgrade the island’s major cruise shipping towns, to enable the country to attract more cruise vessels. Speaking to JIS News at the commissioning of liquefied natural gas (LNG) at the Jamaica  Public Service (JPS) Bogue power plant, in St. James, on...

Finance and the Public Service Minister, Hon. Audley Shaw, has emphasised that interest rates on loans provided by financial institutions to individuals and business entities, particularly in the micro and small sector, should be maintained at low levels. “While I am not thinking of placing limits on interest rates, we need to lower interest rates, particularly favouring the productive, export...

Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange, says the empowerment of children, particularly girls, remains high on the agenda of the Government. “We will remain steadfast in the implementation of legal frameworks and policies that will support and facilitate the advancement of girls. These include Trafficking in Persons and Child Pornography laws, the Child Care and Protection...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, is commending the efforts by the Economic Growth Council (EGC) to achieve economic growth. He said the consistent improvements made in Jamaica’s macroeconomic environment over the period of the Extended Fund Facility with the International Monetary Fund (IMF) and the improvement in the gross domestic product (GDP) have set the...

Financial institutions are being encouraged to implement measures to safeguard their operations against regulatory and reputational risks. Finance and Public Service Minister, Hon. Audley Shaw,  says this is necessary as there has been de-risking of institutions involved in correspondent banking, where threats posed by money laundering and terrorism financing are deemed to be imminent. He  said that proactivity by financial...

It was a celebratory atmosphere for residents of Greater Brown’s Town, in Eastern Kingston, as a $4.6 million Community Access Point (CAP) was opened in the community on November 9. The facility, which is located at 16 Shoe Lane, has been outfitted with 20 state-of-the-art computers, printers and air-conditioning units. It is expected to benefit students as well as other...