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...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, says the country recorded an inflation rate of 4.4 per cent for the April to June 2017 quarter. Speaking at the Bank’s quarterly press briefing, at its headquarters in downtown Kingston, on August 16, Mr. Wynter noted that the out-turn for June was slightly above the 4.1 per cent recorded at...

The Government is looking to implement the new framework for public sector salary negotiations during the 2017/19 contract period. The framework, which has been endorsed by Cabinet, provides more structured and clearer guidelines for salary negotiations. State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams, said among the provisions is a proposal to extend the...

Companies listed on the Jamaica Stock Exchange (JSE) will soon have the option to repurchase their shares tax free. This follows the passage of three Bills which are being amended to allow for a tax exemption for listed companies using the share buyback option. These are the Transfer Tax (Amendment) Act, the Income Tax (Amendment) Act and the Stamp Duty...

The Diaspora’s support is being lobbied for the Jamaica Stock Exchange Social Enterprise Exchange (JAMSIIX), which is slated to be launched in 2018. The engagement is an initiative of the Jamaica Stock Exchange (JSE), which aims to provide funding support for local Social Business Enterprises (SBEs). Deputy General Manager, Robin Levy, extended the invitation to delegates attending the Jamaica 55...

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...