Three buses, valued at US$753,695, are to be added to the fleet serving government employees. This follows Cabinet’s approval for the award of a contract to Magna Motors Dealership Limited for the supply and delivery of three 50-seater buses for the Government Employees Transportation Service (GETS) fleet. Minister without Portfolio with responsibility for Education, Youth and Information, Hon. Karl Samuda,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says Jamaica’s ability to be fiscally responsible has greatly enhanced its standing with international lending agencies. He noted that this is further amplified by the country having successfully completed two back-to-back reform programmes with the International Monetary Fund (IMF). “The results…speak for themselves… . The results have been...

Members of the public will soon be able to purchase shares in Trans-Jamaican Highway Limited (TJH), which owns and operates the country’s toll-road network. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the Government, through State entity the National Road Operating and Constructing Company (NROCC), has an agreement with TJH’s overseas-based principal parent companies, Bouyges...

Approximately $1 billion in savings to the Government has been realised from the rationalisation of public bodies to date. Executive Director of the Transformation Implementation Unit (TIU) in the Ministry of Finance and the Public Service, Maria Thompson Walters, made the disclosure at a JIS Think Tank on Tuesday (October 2). She said that the finance team “is working to...

Chairman of the Betting, Gaming & Lotteries Commission (BGLC), Clovis Metcalfe, says the merger of Jamaica’s three State-run gaming agencies will effect stronger oversight and sustainable regulation of the local gaming industry. The entities – BGLC, Jamaica Racing Commission (JRC), and Casino Gaming Commission (CGC) – are currently undergoing a merger to create one entity - the ‘Jamaica Gaming Commission’....

The Bank of Jamaica (BOJ) has announced that it will be maintaining the policy interest rate offered on overnight balances from deposit-taking institutions at 0.50 per cent. In a statement on Monday (September 30), the BOJ said this decision is based on its current assessment that prevailing monetary conditions are “generally appropriate” to support the achievement of the inflation target...

The first ever Jamaica Survey of Establishments (JSE) Report was launched at the AC Marriott Hotel in Kingston, on Wednesday (September 25). The 2018 JSE, a pioneering initiative that was executed under the Planning Institute of Jamaica’s (PIOJ) Foundations for Competitiveness and Growth Project (FCGP), is intended to provide valid empirical data on the total number of establishments participating in...