Persons are encouraged to take note of the Ministry of Finance and the Public Service’s publication of unclaimed account balances. Unclaimed balances are monies that have remained in the possession or under the control of a banking institution for 15 years or more. This means funds in the bank account of persons who have not conducted any transactions utilising these...

The Ministry of Local Government and Community Development has allocated $20 million in back-to-school assistance to students registered under the Poor Relief Department. Portfolio Minister, Hon. Desmond McKenzie, who made the disclosure while speaking at the recent official opening ceremony for the Ocho Rios Night Shelter in St Ann, said there was a pressing need for increased assistance, following discussions...

Bank of Jamaica (BOJ) Governor, Richard Byles, is assuring that the country’s financial system remains safe, sound, adequately capitalised and liquid. He gave this assurance while speaking during the Central Bank’s recent quarterly monetary policy media briefing at the BOJ Auditorium in downtown Kingston. Mr. Byles’ comment comes against the background of the BOJ’s mandate of ensuring and preserving Jamaica’s...

The National Works Agency (NWA) recently formalized an agreement with the Jamaica Public Service Company (JPSCo) for the commencement of works along the Elegant Corridor in St. James. The work to be executed in the area is aimed at rehabilitating lighting infrastructure. Sections of the corridor, from the Lilliput main road to the roundabout at Sangster International Airport, have been...

Winner of the 2023 Social Development Commission (SDC)/Cal’s National Community T20 Cricket Competition will walk away with a cash prize of $1.5 million. Other cash prizes include $750,000 for second place, $375,000 for third place and $187,500 for fourth place. The grand finale, which will see Fairfield United from Manchester compete against Junction Ballards Valley from St. Elizabeth, will take...

The Ministry of Education and Youth will make draft policies on dress and grooming, nutrition and devotions for schools, available to sector stakeholders for feedback. Addressing delegates attending the Jamaica Teachers’ Association’s (JTA) 59th Annual Conference at Royalton Negril Resort and Spa in Westmoreland on Wednesday (August 23), Portfolio Minister, Hon. Fayval Williams, said the draft policy on dress and...

A third digital payment wallet provider is expected to enter the market in the near future to facilitate transactions utilising Jamaica’s Central Bank Digital Currency (CBDC). The prospective wallet provider is said to be on the verge of entering the Bank of Jamaica’s (BOJ’s) regulatory sandbox, which is a mechanism to facilitate financial technology innovations testing. This was announced by...