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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the House of Representatives on December 10.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the House of Representatives on December 10.

House Passes Transfer Tax (Amendment) Act, 2019

The House of Representatives on Tuesday (December 10) passed the Transfer Tax (Amendment) Act, 2019, making permanent the two 2019/20 transfer tax revenue measures that were implemented in April. The legislation was piloted by Minster of Finance and the Public...
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers the keynote address during the third annual Mayor’s Charity Ball, which was held at the S Hotel in St. James on Saturday (December 7).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers the keynote address during the third annual Mayor’s Charity Ball, which was held at the S Hotel in St. James on Saturday (December 7).

Jamaicans Encouraged To Invest In Country
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses a luncheon hosted by President of the Jamaica Civil Service Association (JCSA), O’Neil Grant, at The Knutsford Court Hotel in New Kingston, on December 6.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses a luncheon hosted by President of the Jamaica Civil Service Association (JCSA), O’Neil Grant, at The Knutsford Court Hotel in New Kingston, on December 6.

Finance Minister Pledges Support To Public-Sector Workers
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (at podium), addresses attendees at the launch of the 50th anniversary of the Inter-American Development Bank’s (IDB) operations in Jamaica, at its Montrose Road offices, in Kingston, on Thursday (December 5). At second right (front row) is the Inter-American Development Bank (IDB) Country Representative in Jamaica, Therese Turner-Jones.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (at podium), addresses attendees at the launch of the 50th anniversary of the Inter-American Development Bank’s (IDB) operations in Jamaica, at its Montrose Road offices, in Kingston, on Thursday (December 5). At second right (front row) is the Inter-American Development Bank (IDB) Country Representative in Jamaica, Therese Turner-Jones.

DBJ To On-Lend $5 Billion To MSMEs
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left); and Country Managing Partner, Ernst and Young Jamaica Limited, Kayann Sudlow (third left), display two contracts, totaling US$7 million, which they signed to carry out a review of the public-sector compensation structure; and to implement shared corporate services for the public sector. Also pictured (from left) are Financial Secretary, Darlene Morrison; Executive Director, Ernst and Young, Barry Eligon; and President, Jamaica Civil Service Association (JCSA), O
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left); and Country Managing Partner, Ernst and Young Jamaica Limited, Kayann Sudlow (third left), display two contracts, totaling US$7 million, which they signed to carry out a review of the public-sector compensation structure; and to implement shared corporate services for the public sector. Also pictured (from left) are Financial Secretary, Darlene Morrison; Executive Director, Ernst and Young, Barry Eligon; and President, Jamaica Civil Service Association (JCSA), O'Neil Grant. The signing took place at the National Heroes Circle offices of the Finance Ministry, in Kingston

Proposal For New Public Sector Compensation Structure To Be Submitted To Cabinet

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Bank of Jamaica (BOJ) Governor, Richard Byles (right), responds to questions from journalists during Thursday’s (November 21) quarterly briefing, held at the BOJ in downtown Kingston. Listening is Deputy Governor, Dr. Wayne Robinson.
Finance & Public Service

BOJ to Get Feedback From Financial Institutions

Bank of Jamaica (BOJ) Governor, Richard Byles, says he is awaiting feedback from financial institutions regarding a proposal that they consider initiating forward contracts for the timely acquisition of funds for transactions on clients’ foreign exchange investment portfolios. He said this is in a bid to smoothen the availability and provision of foreign currency and, as best as possible, prevent...
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Bank of Jamaica (BOJ) Governor, Richard Byles, addresses journalists during Thursday’s (November 21) quarterly briefing, at the BOJ in downtown Kingston.
Finance & Public Service

BOJ Governor Says Sale of US$140 Million to Market Satisfied Demand

Bank of Jamaica (BOJ) Governor, Richard Byles, says the sale of US$140 million to the foreign exchange market has served to satisfy extraordinary currency demand, which surfaced in recent weeks.  The spike was related to demand for portfolio transactions and seasonal restocking by retailers ahead of the Christmas period. Speaking at the BOJ’s quarterly briefing on Thursday (November 21), Mr....
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Bank of Jamaica (BOJ) Governor, Richard Byles (right), responds to questions from journalists during Thursday’s (November 21) quarterly briefing at the BOJ in downtown Kingston. Listening is Deputy Governor, Dr. Wayne Robinson.
Finance & Public Service

BOJ to Implement New FX Trading Platform

Bank of Jamaica (BOJ) Governor, Richard Byles, has announced plans to implement a new foreign exchange trading platform in 2020. “We are going to be testing and implementing it January into February… then we will start the use of it throughout the trading operations with the commercial banks,” he said. Mr. Byles was speaking at the Bank’s quarterly briefing at...
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Finance & Public Service

BOJ Holds Policy Interest Rate At 0.50 Per Cent On Overnight Placements

The Bank of Jamaica (BOJ) says it will be holding the policy interest rate on overnight placements from deposit-taking institutions unchanged at 0.50 per cent, effective Wednesday (November 20). In a statement on Tuesday (November 19), the Central Bank said its decision, as was the case in September, is based on its assessment that monetary conditions are “generally appropriate” to...
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Acting Director for the Jamaica Information Service’s (JIS) Research, Print and Production Division, Celia Lindsay (right), accepting her Civil Servant of the Year 2019/19 award from Chief Executive Officer for First Heritage Co-Operative Credit Union Limited, Roxann Linton, during the presentation ceremony at the Jamaica Pegasus Hotel on Friday (November 15).
Excellence in the Civil ServiceFinance & Public Service

Top Civil Servants for 2019/20 Awarded

Acting Director for the Jamaica Information Service’s (JIS) Research, Print and Production Division, Celia Lindsay, is one three persons selected as 2019/20 Civil Servant of the Year. She copped the award after topping the field of entrants in the category of Management. The other winners are: Customer Service Manager at the Administrator General’s Department, Sophia Levy, who topped the field...
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