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Bank of Jamaica (BOJ) Governor, Brian Wynte. (File)

$13.9 Billion Issued Into Circulation for Week Leading Up to Christmas

The Bank of Jamaica’s (BoJ) says total currency issued into circulation for the week leading up the Christmas holidays, from December 17 to 21, amounted to $13.9 billion. This, it noted, represents a 12.2 per cent increase in the currency...

A choir from the Jamaica Customs Agency participating in the Accountant General’s Department (AGD) Carols in the City activity in downtown Kingston on December 14.

Accountant General’s Department Brings Joy to Customers and Downtown Community

Gov’t and Police Federation Sign Four-Year Wage Agreement

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (third right, front row); and President of the Private Sector Organisation of Jamaica (PSOJ), Howard Mitchell (third left, front row), with the winners at the PSOJ 2018 Public Bodies Corporate Governance Awards held at The Jamaica Pegasus hotel in Kingston on December 12.

Board Evaluations for Public Bodies

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke (centre), makes a point to JN Fund Managers Limited Deputy General Manager, Jermaine Deans (second left), during a courtesy call at the Ministry’s National Heroes Circle offices in Kingston on Tuesday (December 11). Dr. Clarke and Mr. Deans discussed JN Fund Managers’ $7-billion debt refinancing of the Petroleum Corporation of Jamaica (PCJ)-run Wigton Wind Farm in Manchester, which is earmarked for divestment and is being prepared for listing on the Jamaica Stock Exchange (JSE). Listening (from left) are Managing Director of the Development Bank of Jamaica (DBJ), which is piloting Wigton’s preparations for JSE listing, Milverton Reynolds; Wigton Chairman, Duane Smith; and DBJ’s Manager in charge of Public-Private Partnerships and Privatisation, Denise Arana, who accompanied Mr. Deans

PHOTOS: Courtesy Call on Dr. Clarke re Wigton Wind Farm Refinancing

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7 years ago Finance & Public Service

Taxpayers Filing CIT Must Do so Online

Taxpayers filing Corporate Income Tax (CIT) and Assets Tax Returns are now required to do so online via the Tax Administration Jamaica (TAJ) www.jamaicatax.gov.jm portal. The measure, which came into effect on January 1, 2019, also mandates employers to submit their employers’ monthly statutory remittance payroll deductions (S01) electronically in this fifth phase of the mandatory e-filing stipulation. “Employers are,...

7 years ago Finance & Public Service

Currency Circulation in December Was $23.6 Billion

The Bank of Jamaica (BOJ) says currency circulation during December 2018, totalled $23.6 billion or 21.4 per cent more than the corresponding period in 2017. This exceeded the BOJ’s $18.1-billion or 16.1-per cent projection, relative to December 2017. The Bank said net currency issued to financial institutions during the last six days of December 2018 totalled $5.5 billion, which was...

7 years ago Finance & Public Service

Increased Demand for Local Currency in December – BOJ

The Bank of Jamaica (BOJ) says total demand for local currency is expected to increase by $18.1 billion or 16.5 per cent, leading to an estimated $128.1 billion in circulation for December 2018. The BOJ indicates that the anticipated increase, which coincides with Christmas festivities, is broadly consistent with the 16.5 per cent growth recorded for December 2017 as well...

Minister of Finance and the Public Service, Dr the Hon. Nigel Clarke. (File)

7 years ago Finance & Public Service

Cabinet Approves Measures to Further Boost National Insurance Fund

Cabinet has approved several measures to enhance the National Insurance Fund’s (NIF) sustainability and boost the adequacy of the accompanying benefits. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the announcement during a statement to the House of Representatives on Tuesday (December 11). Dr. Clarke said some of the measures include increasing the contribution rate...

Prime Minister, the Most Hon. Andrew Holness (left), listens as Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, addresses journalists on matters related to State refinery, PETROJAM, during a press conference on Monday (December 10). The press conference was held at the Office of the Prime Minister (OPM).

7 years ago Finance & Public Service

Loan For VDU at Petrojam to be Returned

The Government will be returning a US$100-million loan which was secured from the Ministry of Finance and the Public Service to develop the proposed Vacuum Distillation Unit (VDU) by State refinery, PETROJAM. The loan was allocated earlier this year to PETROJAM’s parent company, the Petroleum Corporation of Jamaica (PCJ), to undertake the project, which would enable the refinery to further...

7 years ago Finance & Public Service

Finance Ministry To Fete Students Of Allman Town Infant School

The Ministry of Finance and the Public Service will be feteing the students, teachers and parents of the Allman Town Infant School at a Christmas treat on Thursday (December 13). The event will include food for the 138 students; tokens for the students, teachers and parents; as well as fun activities, including bounce-about, face-painting, storytelling, and a visit from Santa...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, addressing journalists during Monday’s (December 10) press conference at the Office of the Prime Minister.

7 years ago Finance & Public Service

First Draft of Revised Guidelines for Board Appointments Being Reviewed

The Ministry of Finance and the Public Service has received the first draft of revised guidelines governing the nomination, selection and appointment of the Boards of public bodies from the Office of the Chief Parliamentary Counsel (CPC). Portfolio Minister, Dr. the Hon. Nigel Clarke, said the Ministry is in the process of reviewing the draft and providing comments to the...