Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says implementation of the Twin Peaks Model of Supervision and Regulation of the Financial Sector is expected by 2026. He informed that under the Model, the Bank of Jamaica (BOJ) will assume full responsibility for prudential supervision of all bank and non-bank financial institutions. Additionally, the Financial Services...

Minister of National Security, Hon. Dr. Horace Chang, says the Government understands the importance of psychosocial investments in preventing crime and violence on the island. “[We] remain committed to playing our part in developing, implementing, and supporting activities towards this end, in particular with the Ministry of Education. Our recognition and commitment has been long, but our policy has shifted...

The Constitutional Reform Committee (CRC) is moving to prepare drafting instructions for the substantive Bill to transition Jamaica from a constitutional monarchy to a republic. Minister of Legal and Constitutional Affairs, Hon. Marlene Malahoo Forte, made the disclosure during her contribution to the 2024/25 Sectoral Debate in the House of Representatives on Tuesday (June 11). “When the Bill comes to...

Local charity, the Issa Trust Foundation, continues to make a difference in the lives of less fortunate Jamaicans, with approximately US$1 million (J$150 million) raised last year to support various initiatives in education and healthcare. “The Foundation's commitment to making a tangible difference... has been exemplified by its tireless efforts to raise funds for critical causes. In New York, the...

Minister of Education and Youth, Hon. Fayval Williams, has emphasised the critical role played by school principals and teachers in creating conducive learning environments for students. The Minister, who was addressing the Jamaica Association of Principals of Secondary Schools (JAPSS) at their biennial conference at the Ocean Coral Springs Hotel, Trelawny, on June 8, expressed her admiration for the dedication...

Programmed activities for the Jamaica Ultimate Tyre Company Limited (JUTyre) for fiscal year 2024/25 will focus on business growth, revenue sustainability and a return to profitability. These will be achieved by implementing strategies tailored to increase sales of the company’s products to existing and new customers islandwide. The entity plans to produce 9,000 units of retreaded tyres, representing an 80...

The Government has signed a US$20 million loan agreement with the World Bank for the Social Protection for Increased Resilience and Opportunities (SPIRO) Project. The SPIRO Project aims to increase Jamaica’s social protection coverage by establishing a national unemployment insurance programme and strengthening the social protection delivery system. In his remarks during Tuesday’s (June 11) SPIRO Visibility Ceremony at the...