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...

Select tax offices will open on Saturday, March 30, to facilitate 2018/19 property tax payments, due Monday, April 1. Tax Administration Jamaica (TAJ) states that their St. Andrew, Spanish Town, May Pen, Mandeville, Savanna-la-Mar, Montego Bay, and St. Ann’s Bay offices will open to the public from 10:00 a.m. to 2:00 p.m. The Portmore Tax Office will continue its regular...

Employers still in the process of submitting their annual returns (SO2), due April 1, will be able to get assistance with the mandatory online filing of these from Tax Administration Jamaica (TAJ) officers, who will be on duty at tax offices being opened on Saturday (March 30). The TAJ says their St. Andrew, Spanish Town, May Pen, Mandeville, Savanna-la-Mar, Montego...

The Bank of Jamaica (BOJ) has announced a further reduction on the policy interest rate offered on its overnight balances, by 25 basis points, to 1.25 per cent. In a statement on Wednesday (March 27), the Central Bank said this decision is aimed at returning and retaining the inflation rate within the four to six per cent target range by...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says measures under the Economic Reform Programme (ERP) are generating the fiscal space to facilitate increased Central Government capital expenditure. This, he notes, is evident over the last five years, during which inflation-adjusted programmed expenditures have increased by 162 per cent between fiscal years 2014/15 and 2019/20. The Minister...

A sum of $100.9 billion is earmarked to implement 194 investment projects by Central Government and Public Bodies during the 2019/20 fiscal year, under the Public Sector Investment Programme (PSIP). This is according to the 2019/20 Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke. Just...

Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke, is encouraging young persons, to take on entrepreneurial ventures, particularly those leaving tertiary institutions. “There is no better time to have an entrepreneurial venture than when you are young… this is the time to take risks,” Dr. Clarke said. He was speaking at the finals and awards presentation of...