The Government is taking steps to deepen private-sector engagement in public infrastructure development through partnerships. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Administration is being aided by the United States Treasury Department to build out Jamaica’s capacity to engage in an open, competitive and transparent procurement process, intended to accommodate heightened private-sector participation....

Sixty public sector workers from various entities have been trained and certified as change managers, who will be charged with assisting the transformation process in the public service. The training was conducted by the Transformation and Implementation Unit (TIU) in the Ministry of Finance and Public Service. Executive Director of the TIU, Maria Thompson Walters, told JIS News that the...

State Minister for Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Jamaica Stock Exchange (JSE) Junior Market has recorded significant gains over the 10 years since its establishment. He noted that the market has grown from one company listing with capitalisation of $750 million, to some 43 entities that have generated approximately $135 billion in capital. In addition,...

The Ministry of Industry, Commerce, Agriculture and Fisheries is looking to partner with the Jamaica Micro Financing Association Limited (JaMFA) to sharpen the financial literacy skills of Jamaicans. State Minister in the Ministry, Hon. Floyd Green, said the objective is to ensure that citizens have a better understanding of and appreciation for key terms such as stock market, investments, loans/credit...

Manager of Communications and International Relations at the Financial Services Commission (FSC), David Geddes, says entities in the insurance, pension and securities industries must meet the FSC’s fit-and-proper requirements in order to legally operate in Jamaica. This means that responsible persons must possess the competence, character, diligence and judgment necessary for them to perform their duties. “Fit and proper, in...

Wigton Windfarm Limited in Manchester is now listed on the Jamaica Stock Exchange (JSE) – the world’s best-performing stock market. The listing, which took place today (May 22), followed the success of the company’s initial public offering (IPO), which saw some 31,200 Jamaicans taking up the opportunity to own 11 billion shares in the company. The offer was oversubscribed as...

The Bank of Jamaica (BOJ) says prospects for the Jamaican economy remain positive, as economic growth continues underpinned by rising employment. This positive outlook was given by Bank of Jamaica (BOJ) Governor, Brian Wynter, at the Bank’s quarterly press conference held on Tuesday (May 21). “Foreign reserves are adequate and we have a sustainable position in the current account of...