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Third-Quarter Growth Above PIOJ’s Estimate
The Statistical Institute of Jamaica (STATIN) is reporting third-quarter 2019 calendar year economic growth of 0.6 per cent, from July to September, relative to the corresponding period the previous year. This out-turn is 0.3 per cent higher than the Planning...
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House Approves Regulations For Nomination And Appointment On Boards Of Public Bodies
The House of Representatives on Tuesday (December 10) approved the Public Bodies Management and Accountability (Nomination, Selection and Appointment to Boards) Regulations. This represents a seminal tool towards achieving improved corporate governance in respect of public bodies. In his remarks, Finance and the Public Service Minister, Dr. the Hon. Dr. Nigel Clarke, said there is need for a more transparent...
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 Service, Dr. the Hon. Nigel Clarke. In his remarks, Dr. Clarke explained that as part of the 2019/20 revenue measures,...
Jamaicans Encouraged To Invest In Country
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is encouraging citizens to take full advantage of the “unprecedented” period of economic growth by investing in the country. “Now is the time to ensure that you invest in Jamaica. It is a time not to be missed, it is an opportunity that we have not had before,...
Finance Minister Pledges Support To Public-Sector Workers
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has pledged to continue providing appropriate support to the nation’s public-sector employees, which will enable them to deliver quality services. “If we want to achieve our potential as a country of destiny and a country of promise, we have to enable our civil service and invest in our...
DBJ To On-Lend $5 Billion To MSMEs
The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, at the launch of the 50th anniversary of the Inter-American Development Bank (IDB) operations in Jamaica, at its country offices, in...
Proposal For New Public Sector Compensation Structure To Be Submitted To Cabinet
A proposal for a new public-sector compensation structure is expected to be brought to Cabinet for consideration by December 2020. This has been disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who said the proposal is to be arrived at following a review of the structure as part of the ongoing transformation of the...
