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....

The Ministry of Finance and the Public Service will be taking ‘Boots to Street’ to Liguanea in Kingston, on Wednesday, January 30, to heighten awareness of its role, and to inform regular citizens how they can achieve financial independence. Minister without Portfolio in the Ministry, Hon. Fayval Williams, will be a part of the contingent, helping to reinforce the Ministry’s...

  Public Relations Officer, Houses of Parliament, Tashana Sewell Alcock, signs the condolence book opened at Gordon House for former Government Minister the late Dwight Nelson, who died at the age of 72 on December 24, 2018. The official funeral for Mr. Nelson will be held at the Holy Trinity Cathedral, North Street, Kingston on January 31, beginning at 10:00...

Members of the Economic Growth Council (EGC) are confident that Jamaica’s economy will continue to improve on conclusion of the Precautionary Stand-By Arrangement with the International Monetary Fund (IMF) later this year.  They point to the disciplined manner in which the Government is managing affairs in order to ensure that there is no reversal to a borrowing arrangement, once the current programme...