The Ministry of National Security and the Trelawny Municipal Corporation will compete in the final of the inaugural Public Sector Debate Competition on April 25. Both teams will debate the moot: “Be it resolved that the goal of Vision 2030, ‘to make Jamaica the place of choice to live, work, raise families and do business’, is a realistic one.” The...

Prime Minister, the Most Hon. Andrew Holness, has informed that the economy grew by two per cent in the fourth quarter of 2018. Mr. Holness, who made the announcement at the launch of Wigton Windfarm Limited’s initial public offering (IPO), at The Jamaica Pegasus hotel on Tuesday (April 9), said this revised figure was confirmed by the Statistical Institute of...

Jamaicans will have the opportunity to purchase shares in Wigton Windfarm Limited, when the initial public offering (IPO) opens on April 17. Eleven billion shares at 0.50 cents each are being offered under the IPO, and will run until May 1. Of this amount, 2.2 billion shares will be reserved for public-sector workers. The Government is seeking to raise $5.5...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says there is a need for greater levels of local investments, in order to sustain Jamaica’s economic growth. “We have had a lot of foreign investment, but I don’t think domestic investment has yet been unleashed in the way that it can and ultimately will,” he said. The...

The Public Sector Debate Competition is down to the last four teams, which will compete for a spot in the April 25 grand final. The remaining four teams – Ministry of National Security, Jamaica Information Service (JIS), Trelawny Municipal Corporation and Victoria Jubilee Hospital – will next meet in the semi-final round on Tuesday, April 9, at the Jamaica Conference...

Development Bank of Jamaica (DBJ) programmed initiatives for 2019/20 are projected to facilitate investments totalling some $26.4 billion and engagements targeting 220 new companies. As stated in the 2019/20 Jamaica Public Bodies Estimates of Revenue and Expenditure, the entity’s activities are expected to yield loan disbursements totalling about $7.6 billion, as against $3.8 billion for the just-concluded financial year. Engagements...

The inflow of revenue and grants for the 2019/20 Fiscal Year is conservatively projected at $644.2 billion or 29.9 per cent of gross domestic product (GDP). This, according to the Government’s 2019/20 Fiscal Policy Paper, is 3.3 per cent greater than the projected $633.9 billion for 2018/19, which totalled 30.7 per cent of GDP. Tax revenue is budgeted at $575.7...