Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says Jamaica’s pensions industry framework is to be revised to enable trustees to invest up to five per cent of the $550 billion accumulated, in venture capital. This, he said, equates to $25 billion and will represent a “game changer” for business opportunities, innovation and growth, coming from a...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the modernised Customs legislation will create an environment that facilitates greater trading opportunities while improving the ease of doing business in the 21st century. Dr. Clarke was speaking at a stakeholder consultation on the legislative reform for the repeal and replacement of the Customs Bill, at the...

Governor of the Bank of Jamaica, Brian Wynter, says the exchange rate has continued to exhibit flexible two-way movements. Speaking at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19, the Governor said that at the time of the Bank’s last press conference, the exchange rate was on an upswing, and this...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, says the prospects for the Jamaican economy are positive, and the Bank projects continued recovery in economic activity. “The expected growth predominantly reflects an improvement in net external demand, buoyed by increased production in mining and quarrying and expansion in construction and tourism-related activities,” Mr. Wynter said. He was speaking at...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, says the inflation rate is back on target. Speaking at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19, Mr. Wynter noted that inflation had fallen below the four per cent to six per cent target between March 2018 and August 2018. “However,...

Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw, has endorsed the proposed establishment of the Jamaica Social Stock Exchange [JSSE]. This is being initiated by the Jamaica Stock Exchange [JSE] as part of its corporate social responsibility. The endeavour aims to create a platform that lists the country’s social enterprises and not-for-profit entities and their projects, designed to assist...

Ambassador to the United States, Her Excellency Audrey Marks, says Jamaica’s economy is moving in the right direction, with positive developments in a number of areas. Ambassador Marks, who was delivering the keynote address at the 8th annual fundraising gala of HELP Jamaica Medical Mission in New Jersey recently, noted that the unemployment rate has dropped to a 50-year low...