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IMF Member States Could Benefit From Additional Liquidity Support

International Monetary Fund (IMF) Caribbean member countries could benefit from as much as US$2.4 billion in additional liquidity support, under the entity’s newly proposed US$650-billion Special Drawing Rights (SDR) allocation. The overall provision is intended to aid in the global...

(From left) Executive Director of the Public Procurement Commission (PPC) Lt Cdr (Ret’d) Paul Wright is articulate while making a point during discussions with the organisation’s Senior Director, Suppliers Registration and Licensing Branch, Mr Leevon Phillips. Since May 3, the PPC’s Suppliers Registration and Licensing Branch has received 92 applications through its new Supplier Registration System (SRS). The SRS is an Internet-based application portal which allows for more convenience and speed in the submission and tracking of applications by members of the public who are seeking to provide goods, services and infrastructural works to public sector entities. The SRS which is 99 per cent paperless also guarantees a significantly shorter processing time for applications.

Public Procurement Commission Plays Pivotal Role in Nation Building

Commissioner of Revenue Appeals at the Revenue Appeals Division in the Ministry of Finance and the Public Service, Dr. Deloree Staple-Chambers.

Revenue Appeals Division On Target To Meet Goal

TAJ to Increase Taxpayer Education through Webinar Series

St. Andrew Revenue Service Centre to Partially Reopen with Limited Services

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5 years ago Finance & Public Service

Second Quarter Tax Payments due June 15

Tax Administration Jamaica (TAJ) is reminding business persons that their 2nd quarter Estimated Corporate Income Tax or Self-employed Statutory Payments are due on Tuesday, June 15, 2021. Additionally, employer’s monthly Statutory Payroll Deductions (S01) for the month of May are due on June 14. Customers have the convenience of several channels to make these payments without having to visit a Tax Office to do so. Business persons are being encouraged to use TAJ’s online service option as it accommodates the filing...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers statement in the House of Representatives on June 8.

5 years ago Finance & Public Service

New Applications For SET Cash And BEST Cash Close June 13

New applications for the Supporting Employees with the Transfer of Cash (SET Cash) and the Business Employee Support and Transfer of Cash (BEST Cash) initiatives, will close on June 13, 2021. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, during a statement to the House of Representatives on June 8. The SET...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers statement in the House of Representatives on June 8.

5 years ago Finance & Public Service

All Persons Over 60 Years Who Are Fully Vaccinated Can Apply For Conditional Cash Transfer Grant As Of July 15

Persons 60 years and over who are fully vaccinated, as evidenced by the records at the Ministry of Health and Wellness, can apply for the Conditional Cash Transfer for the Vaccinated Grant, starting July 15, 2021. The Conditional Cash Transfer for the Vaccinated programme will pay an incentive of $10,000 to all persons 60 and over who have been fully...

5 years ago Finance & Public Service

Bank of Jamaica Celebrates 60th Anniversary with $20 Million Bursary Initiative

In celebration of its 60th anniversary, Bank of Jamaica (BOJ) is launching a $20 million initiative which will see 60 students from selected primary, secondary and tertiary schools benefitting from bursaries aimed at assisting with tuition, the provision of devices for e-learning, books and other miscellaneous expenses for the academic year 2021/2022. Under its 60th Anniversary Educational Grant Programme, BOJ...

The Bank of Jamaica Building, Nethersole Place, downtown Kingston. (JIS File Photo)

5 years ago Finance & Public Service

Digital Currency Will Boost Gov’t Service Delivery, Financial Inclusion

The Bank of Jamaica (BOJ) anticipates that the introduction of a Central Bank Digital Currency (CBDC), slated for 2022, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans. Governor, Richard Byles, said that the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar COVID-19 Allocation of Resources...

Bank of Jamaica (BOJ) Governor, Richard Byles.

5 years ago Finance & Public Service

BOJ Keeping Inflation Within 4-6 Per Cent Target

Bank of Jamaica (BOJ) Governor, Richard Byles, says that the Central Bank continues to be “very successful” in guiding inflation within the four to six per cent target range. He noted that over the 40 months leading up to April 2021, inflation has been below the six per cent upper bound of the target range on 38 occasions or 95...

Bank of Jamaica (BOJ) Governor, Richard Byles.

5 years ago Finance & Public Service

NIR at $3.3 Billion

Bank of Jamaica (BOJ) Governor, Richard Byles, says the country’s net international reserves (NIR) remain healthy, amounting to US$3.3 billion, as at the end of April. Speaking at the BOJ’s digital quarterly media briefing on May 21, Mr. Byles noted that additionally, since March 2020, the Bank has purchased US$1.9 billion locally via market surrenders, which pay for government debt...