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Jamaica Deposit Insurance Corporation (JDIC) Chief Executive Officer, Antoinette McKain, addresses the JDIC’s recent digital town hall to outline details about the increased deposit insurance coverage limit for member financial institutions, and launch the supporting public education awareness campaign, dubbed ‘You’ve Been Upgraded’.

JDIC heightens public awareness about increased deposit insurance coverage

The Jamaica Deposit Insurance Corporation (JDIC) has embarked on a media campaign to heighten public awareness about the increased coverage limit for accounts held at deposit-taking institutions (DTIs). Effective August 31, 2020, the coverage limit has been adjusted from $600,000...

Jamaica Deposit Insurance Corporation (JDIC) Chairperson, Myrtle Halsall (left), addresses the entity's digital town hall on Thursday (Sept. 17), to outline details about the increased deposit insurance coverage limit for member financial institutions, and launch the supporting public education awareness campaign dubbed:‘You’ve Been Upgraded’. Listening is the JDIC's Chief Executive Officer, Antoinette McKain.

JDIC says member institutions remain solvent and well capitalised

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Darliston Tax Office to be temporarily closed for renovation

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Provision of limited banking services to the public

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre), and outgoing Head of the European Union Delegation to Jamaica, Belize, The Bahamas, Turks & Caicos Islands, and Cayman Islands, Ambassador Malgorzata Wasilewska (right), in discussion with Permanent Secretary in the Ministry of Justice, Sancia Bennett-Templer, during a courtesy call and brief ceremony at the Finance Ministry’s offices in Kingston, on Friday (September 11), for the formal handover of the EU-funded Jamaica Justice Sector Reform Programme to the Government.

PHOTOS: Finance Minister at handover of Justice Sector Reform Programme

5 years ago DevelopmentFinance & Public Service

US$140.9M official development assistance in 2019

Jamaica received official development assistance (ODA) funding worth US$140.9 million during 2019 from international development partners (IDPs). This was 36.2 per cent lower than the sum received the previous year, according to the Planning Institute of Jamaica (PIOJ) 2019 Economic and Social Survey. The document indicates that the 2019 provision comprised loans amounting to US$65 million, and grants totalling US$75.9...

5 years ago Finance & Public Service

Third quarter tax payments due September 15

Tax Administration Jamaica (TAJ) is reminding business persons that monthly Statutory Deductions and quarterly Income Tax/Statutory Payments are due on September 14 and 15, 2020 respectively for the following: Statutory Deductions (S01) for August Estimated Corporate Income Tax (3rd quarter) Self Employed Statutory Payments (3rd quarter) Business persons are being encouraged to use TAJ’s online service option as it accommodates...

5 years ago Finance & Public Service

New payment option for taxpayers

Tax Administration Jamaica (TAJ) has collaborated with National Commercial Bank (NCB) to introduce NCB’s online bill payment, known as Paysmart, as an option for several tax types. Initially, this means NCB personal/retail customers are now able to add Tax Administration Jamaica as a payee on their eBanking platform. The additional payment option, that became available on August 31, 2020, represents...

5 years ago Finance & Public Service

TAJ encourages new online payment for Driver’s Licence renewal

Tax Administration Jamaica (TAJ) is reporting an encouraging take-up of the recently added online service, whereby taxpayers can now pay the renewal fee for their Driver’s Licence via its website at www.jamaicatax.gov.jm. Since the July 27, 2020 implementation of the online payment option, over 2309 transactions have been recorded in the first six weeks, for Private and General Classes of...

Managing Director of the National Export-Import Bank of Jamaica (EXIM Bank), Lisa Bell.

5 years ago CoronavirusFinance & Public Service

EXIM Bank accepting applications for COVID-19 Tourism Grant

The National Export-Import Bank of Jamaica (EXIM Bank) is accepting applications for its coronavirus (COVID-19) CARE Tourism Grant. Applications for the $1.2-billion grant programme close on September 30. Managing Director of the EXIM Bank, Lisa Bell, told JIS News that the grant is part of the Government’s COVID-19 Allocation of Resources for Employees (CARE) programme and is targeted at registered...

Governor-General, His Excellency the Most Hon. Sir Patrick Allen (right), presents Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, with his Instrument of Office, at a swearing-in ceremony at King’s House, on September 7.

5 years ago Finance & Public Service

Gov’t focused on economic recovery – Dr. Clarke

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government will be focused on economic recovery as the country continues to deal with the effects of the coronavirus (COVID-19) pandemic. “Jamaica faces, like much of the world, the greatest crisis of our lifetime, and so the first priority of the Government is going to be...

5 years ago CoronavirusFinance & Public Service

Spanish Town Tax Office to be closed for sanitisation

Tax Administration Jamaica (TAJ) wishes to advise the public that its Spanish Town Tax Office located at 1 Twickenham Park, Spanish Town, St. Catherine, will be closed Tuesday September 8, 2020. The closure is in response to the report of a confirmed Covid-19 case of a member of staff. The office is being closed to facilitate deep cleaning and sanitization,...