Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says funds have been set aside in the upcoming Budget for the pursuit of research at the tertiary level. He said that further details of the allocation will be provided in the Estimates of Expenditure, which will be tabled in the House of Representatives next week. He noted...

Come September 2020, the Government will be amending the format for measuring Jamaica’s gross domestic product (GDP), to include research and development as a subsector. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says this will entail incorporating the 2008 GDP measurement update under the United Nations System of National Accounts (SNA), being used by a number...

More than $600,000 in prizes is up for grabs in the Public Sector Debate Competition set to take place between March and April 2019. The competition will see public-sector workers engaged in Parliamentary-style deliberation on the matter of transformation, and other topical issues within the public service. Executive Director of the Transformation Implementation Unit (TIU), Ministry of Finance and the...

The Bank of Jamaica (BoJ), on Friday (February 1), sold an additional US$30 million to authorised dealers and cambios, via the BoJ’s Foreign Exchange Intervention and Trading Tool (B-FXITT). This follows the sale of an initial US$20 million, both of which, according to a statement from the Bank, were aimed at “offsetting the effects of excessive daily volatility in the...

The Betting, Gaming and Lotteries Commission (BGLC) is calling for all owners and operators of gaming machines to renew their licences by March 31. Speaking at a JIS Think Tank on January 30, Director of Licensing at the BGLC, Maurice Thompson, said that sanctions for non-compliance will kick in on April 1 attracting a penalty of up to 60 per...

The Planning Institute of Jamaica (PIOJ) is on track to execute the remaining deliverables under the Strategic Programme for Climate Resilience (SPCR). This, following the successful staging of its three-day stakeholder consultation workshop. The workshop, which was held at the Terra Nova All-Suite Hotel in St. Andrew from January 22 to 24, was aimed at reviewing the SPCR and its...

The Bank of Jamaica (BoJ) has announced the appointment of two new Deputy Governors. In a statement on Tuesday (January 29), the BoJ said Chief of its Banking and Market Operations Division, Natalie Haynes, and the institution’s Supervision Evaluation Expert, E. George Roper, have been promoted to the Executive Management Team, effective February 18, 2019. In her new position, Mrs....