The Bank of Jamaica (BOJ) is reporting that the country’s gross international reserves, as at November 17, totalled approximately US$4.7 billion. Governor, Richard Byles, said the figure represents the equivalent of 143.8 per cent of the level considered adequate. Deputy Governor with responsibility for Banking, Currency Operations, and Financial Markets, Natalie Haynes, indicated that net international reserves (NIR), at the...

The country’s leaders have lauded civil servants for their continued dedicated service to Jamaica, especially during the extraordinary times brought on by the coronavirus (COVID-19) pandemic. Governor-General, His Excellency the Most Hon. Sir Patrick Allen, said that the commitment of each civil servant has not diminished in spite of the overwhelming challenges of the time. “With pride, integrity and patriotism...

Prime Minister, the Most Hon. Andrew Holness, says that Port Royal is a valuable historical asset, and the Government is committed to ensuring that the area is developed and maintained for the benefit of Jamaicans. “Port Royal is a historical gem for Jamaicans, and we can’t have such an asset just sitting idly by,” he said. Mr. Holness was speaking...

The just concluded Jamaica Health and Wellness Tourism Conference is expected to provide opportunities for the advancement of health and wellness in the island, and to promote Jamaica as a dealing health destination, says Executive Director of the Tourism Enhancement Fund (TEF), Dr. Carey Wallace. “What we hope is that it will spawn so many opportunities… here in Jamaica for...

The Cornwall Regional Hospital (CRH) oversight committee will be merged with the Montego Bay Chamber of Commerce and Industry’s (MBCCI) CRH advisory committee to monitor the rehabilitation works at the hospital. Minister of Health and Wellness, Dr. the Hon. Christopher Tufton, made the disclosure at the contract signing with M and M Jamaica Limited, for completion of the penultimate phase...

The Bank of Jamaica (BOJ) says there is an adequate supply of foreign exchange to meet market demand, as flows continue to be healthy. Governor, Richard Byles, has reported that up to November 17, daily purchases by authorised dealers and Cambios averaged approximately US$36 million, which was higher than the US$31 million recorded for the corresponding period last year. “At...

The Senate, on Friday (Nov. 19) approved the National Identification and Registration Act, paving the way for the establishment of a voluntary and secure National Identification System (NIDS) for Jamaica. The legislation was passed in the House of Representatives on October 13. NIDS will provide a comprehensive and secure structure to enable the collection and storage of identity information. This...