Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, tabled the Public Bodies Management and Accountability (Nomination, Selection and Appointment to Boards) Regulations, 2020 on Tuesday, July 7, 2020 in the House of Representatives. In addition to being consistent with the Corporate Governance Framework and vision of 2011, the legislation now provides for strong representation of both...

Jamaica is to benefit from a provision of CA$4.7 million (J$498 million), for which the country is eligible under the CA$20 million (J$2.12 billion) Canada-CARICOM Climate Adaptation Fund facility, to be implemented by the Caribbean Development Bank (CDB). A communiqué from the Canadian High Commission in Kingston on Monday (July 6) indicated that the Climate Adaptation Fund allocation is earmarked...

More business people are using the electronic business registration form (eBRF) to register their operations since the onset of the coronavirus (COVID-19) pandemic. The online platform, launched by the Companies Office of Jamaica (COJ) in August 2019, replaces the paper-based ‘superform’ that was introduced in 2014 and allows users to register their business name or company name from anywhere in...

Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. The decision to hold the policy rate unchanged is based on the Bank’s continued view that monetary conditions are generally appropriate to support inflation remaining within the target...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says several categories of tourism workers, who applied for General Grants under the Government’s COVID Allocation of Resources for Employees (CARE) Programme, will receive their payments by the end of next week. In statement on Friday (June 26), Dr. Clarke indicated that these individuals include: airport red caps,...

Jamaica recorded a 40 per cent drop in the poverty rate in 2018, the lowest in 10 years. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in a statement to Parliament on Tuesday (June 23). “In 2018, the poverty rate was 12.6 per cent, a decline of 6.7 percentage points relative to...

The Betting Gaming and Lotteries Commission (BGLC) advises that June 30 is now the final deadline for all gaming operators to renew licences for 2020-2021. This requirement applies to the more than 10,000 gaming machines across the country which are located at various types of premises including gaming lounges, bars, clubs and even hairdressing parlours. “When the COVID-19 crisis emerged...