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KINGSTON — The Bank of Jamaica (BOJ) has released a discussion paper on institutional arrangements for safeguarding financial stability, which outlines proposed amendments to the BOJ Act to vest the bank with overall responsibility for financial stability, through a Financial Stability Committee.   The paper which was posted on the BOJ website at the beginning of the month (November 2011) reflects...

KINGSTON — General Manager of the Financial Sector Adjustment Company (FINSAC), Errol Campbell, told the Commission of Enquiry Wednesday (November 2), that he has found no records suggesting that politicians were given special treatment in the handling of their bad debts by the company. "They were treated like normal debtors," Mr. Campbell told the Commission, which was having its final...

KINGSTON — Already one of the region's leading transshipment ports, the Kingston Container Terminal (KTC) is now in an even greater position to further capitalise on its ideal geographical location, when expansion of the Panama Canal, now underway, is completed in 2014. Through ongoing upgrading works, the Government has been working to position Jamaica as the transshipment hub for the...

KINGSTON — As Jamaica embraces advances in technology, information is more readily available to job seekers and employers with just a mouse click. This is manifested in the Labour Market Information System (LMIS), a one stop data and information source, designed to satisfy the needs of job seekers and employers. Since its inception in 2001, the system, which is maintained...

KINGSTON — Since its inception in 1975, the Early Stimulation Programme (ESP) has been transforming lives and making the future brighter for youngsters with varying types of developmental disabilities. Administered by the Ministry of Labour and Social Security, the ESP caters to children, from birth to six years, with challenges, such as cerebral palsy, autism, mental retardation; and children with...

KINGSTON — Since his recent decision to step down as Prime Minister and Leader of the Jamaica Labour Party (JLP), one common sentiment has been expressed by persons in the media at home and abroad, and by foes and friends alike – "Prime Minister, the Hon. Bruce Golding, has been a tireless defender of the national interest." The Economist Magazine...

KINGSTON — Education Minister, Hon. Andrew Holness, is on the cusp of becoming Jamaica’s ninth Prime Minister since independence, with Hon. Bruce Golding formally tendering his resignation to the Governor-General on Sunday, October 23, and the new Prime Minister sworn in. This will take place at a special ceremony at King’s House, commencing at 4:00 p.m. On assuming the most...

KINGSTON — Jack of all trades and master of many fits the description of George Carter, who will be honoured for his outstanding service to both theatre and the Credit Union Movement, at the 2011 Honours and Awards Ceremony at King's House, on National Heroes Day, Monday October 17. Mr. Carter, who says theatre has been his life and passion...

KINGSTON — For 22-year-old Davina Robinson the old adage, 'one man's trash is another man's treasure', rings true.  The Gordon Town resident has been designing and building motorised model cars out of the most unlikely materials since he was just 14 years old. With absolutely no training, Mr. Robinson has been using his "God-given talent” to create model cars out...

KINGSTON — Corporate Jamaica has been very supportive of the outreach project of the Jamaica Information Service (JIS), with Sammy's Shoe Store, Leder Mode, Caribbean Broilers Limited, and MegaMart Wholesale Club being the latest to come on board. The companies have willingly donated to the cause, after being approached for the first time since the agency adopted the Mount Olivet...

KINGSTON — Inflation targeting, one of the critical strategies designed to enhance the Bank of Jamaica's (BOJ) primary objective of achieving price stability, is gathering momentum. When fully implemented, this will serve to increase the accountability of the Central Bank, anchor inflation expectations and improve transparency in the bank’s conduct of monetary policy. During a recent seminar targeting senior journalists,...

KINGSTON — The public sector is soon to benefit from an improved treasury management system, which will better facilitate the financial resources of the government Ministries and departments. The Central Treasury Management System (CTMS), to be implemented early 2012, will ensure better management of public resources by bringing the responsibility for treasury management under one agency. Head of the Financial...