Mayor of May Pen, Councillor Winston Maragh, is calling for citizens of Clarendon to form themselves into groups in order to tap into resources that have been provided by international entities for development projects. He said communities need to follow the example of the Peckham Community Development Committee, which was able to secure US$130,000 from the Organization of American States...

A Tax Talk Forum at The Jamaica Pegasus hotel on November 1 will be the highlight of the activities for the inaugural Tax Administration Week, being observed from October 28 to November 3. Communications Officer at Tax Administration Jamaica (TAJ), Leighton Beckles, told JIS News that the forum, to be aired live on radio, will seek to engage stakeholders and...

Jamaica is set to benefit from an initial US$7.52 million in grant funding under the ninth cycle of the Caribbean Development Bank’s (CDB) Basic Needs Trust Fund (BNTF 9). The money will go towards the areas of education, transportation, enterprise development, and water and sanitation, through projects implemented by the Jamaica Social Investment Fund (JSIF). The allocation is part of...

The Bank of Jamaica’s (BoJ) decision to demonetize the one, 10 and 25 cent coins is being strongly supported by several business leaders. The BoJ, in a statement, cites decreasing demand and high production costs as the principal reasons for this decision, and for opting not to manufacture new ones for issuance to the public to replace those now in...

Finance and the Public Service Minister, Hon. Audley Shaw, has been awarded Finance Minister of the Year for the Caribbean 2016, by the GlobalMarkets newspaper. Minister Shaw received the award at the GlobalMarkets Annual Awards Reception held at the Willard Intercontinental Hotel in Washington, DC. on October 14. He was among fifteen other Finance Ministers and Governors of Banks that...

Minister of Finance and the Public Service, Hon. Audley Shaw, is calling on multilateral agencies to provide a combination of grant funding and concessional loans to assist Caribbean islands severely affected by the passage of hurricanes Irma and Maria. Minister Shaw made the call as he addressed the Caribbean and International Partners Action Dialogue on Hurricanes (CIPADH), held at the...

Three Bills that seek to modernise methods of doing business in Jamaica were approved in the Senate today (October 13). The Bills are the Income Tax (Amendment) Act, the Stamp Duty (Amendment) Act, and the Transfer Tax (Amendment) Act. They will allow for the exemption of stamp duty and income and transfer tax on share buy-back transactions involving listed companies. Piloting...