President of the Montego Bay Chamber of Commerce and Industry, Winston Lawson, is urging small and medium businesses in St. James, to take advantage of the recently announced $14 billion stimulus package. “We encourage our members and the small and medium business community who will directly benefit from the stimulus to allocate the surpluses back in your businesses to allow...

Minister of Finance and the Public Service, Dr. the Hon Nigel Clarke, has announced changes to the recently announced $14-billion stimulus package. Closing the 2019/20 Budget Debate in the House of Representatives on March 20, Dr. Clarke said the ad valorem Stamp Duty payable on any instrument pursuant to the Stamp Duty Act will be replaced with a flat stamp...

National Export-Import (EXIM) Bank of Jamaica loans to the productive sector is projected to increase to $9.3 billion for the upcoming fiscal year. This is according to the 2019/20 Public Bodies’ Estimates of Revenue and Expenditure, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke. The loan provision will...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the country is now embarking on the next phase of economic reforms, which will ensure that monetary policy delivers low, stable and predictable inflation. This strategy, referred to as “inflation targeting”, is a monetary policy regime in which a central bank has an explicit target inflation rate...

Chief Executive Officer (CEO) at the PetroCaribe Development Fund (PCDF), Dr. Wesley Hughes, says the PCDF has accomplished its mission, and will be integrated into the Ministry of Finance and the Public Service as of March 31, 2019. Speaking at a JIS ‘Think Tank’ on March 15, Dr. Hughes said that all assets and a small amount of liabilities will...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is calling on all public-sector workers to embrace the transformation process in the bid to develop a public service that is strong, capable and operates at the highest level of efficiency. “We need the participation of every member of the public service… . It cannot be done by...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, is welcoming the move by Massy United Insurance Limited to officially enter the general insurance market in Jamaica. Dr. Clarke said the expansion of the company into Jamaica is a testament to the fact that the country is moving in the right direction. “When an organisation like the Massy...