Deputy Governor of the Bank of Jamaica (BOJ), Livingstone Morrison, says the central bank must create opportunities for the exploitation of certain technologies, including cryptocurrency. Informing that this is an area the Bank is exploring, Mr. Morrison pointed out that such technologies should not pose undue risk to the local financial system. Presently, Mr. Morrison informed that the Bank has...

Minister of Finance and the Public Service, Hon. Audley Shaw, is urging operators to Micro, Small and Medium-sized Enterprises (MSME)  to take advantage of available technology to boost their business. “I don’t believe, certainly in our case in Jamaica that we are embracing technology enough. I don’t believe that our small and medium enterprises take enough advantage of information technology…It...

Finance and Public Service Minister, Hon. Audley Shaw, says the merger of the island’s three State-run gaming agencies has commenced with the entities now in the process of moving into one building. The entities – the Betting, Gaming and Lotteries Commission (BGLC), Jamaica Racing Commission (JRC), and Casino Gaming Commission (CGC) – are being combined to form the new Jamaica...

The House of Representatives has approved the withdrawal of $715.687 million from the Capital Development Fund (CDF), to provide budgetary support to the Jamaica Bauxite Institute (JBI), among other things. Minister of Finance and the Public Service, Hon. Audley Shaw, who moved the Withdrawal Order in the House on July 18, said the JBI is to receive $223 million in...

Participants attending the two-day Management Institute for National Development (MIND) conference have been urged to make leadership development a priority. The charge was issued by Acting Financial Secretary in the Ministry of Finance and the Public Service, Everton McFarlane, at the opening of the Regional Public Sector Leadership Development conference, at the Jamaica Pegasus Hotel, on January 19. The conference...

State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams, has welcomed work by the Statistical Institute of Jamaica (STATIN) to establish a National Strategy for the Development of Statistics (NSDS). This, she says, will facilitate the creation of a systematic and reliable network across Government Ministries, Departments and Agencies (MDAs) for the timely provision of...

Finance and the Public Service Minister, Hon. Audley Shaw, said that three major international investors have expressed interest in the development of the Vernamfield Airfield in Clarendon into an aerotropolis. He said the investors – two from China and the other from Europe – have indicated that they are willing to invest between US$2 billion and US$3 billion in the...