PRESS RELEASE - Jamaica’s continued quest to develop a sustainable private equity and venture capital industry has once again been recognized by the Latin American Private Equity and Venture Capital Association (LAVCA) Scorecard for 2017/18, moving up five (5) points, and ranking a joint 8 th with two other countries, on the 11-member Scorecard. Jamaica’s improved ranking puts it on...

The Government’s economic reform agenda will be further boosted with the provision of another World Bank Development Policy Loan (DPL) in the sum of approximately J$9.05 billion (US$70 million). This provision will further underpin the Administration’s ongoing policy implementation, aimed at spurring growth and development while enhancing Jamaica’s global competitiveness. The loan, which is the third by the Bank since...

Minister of Finance and the Public Service, Hon. Audley Shaw, says with legislation being crafted to support interactive and online gaming, Jamaica’s betting, gaming and lotteries sectors are positioned for growth. Mr. Shaw, who was giving the main address at the 7th Caribbean Gaming Show and Summit at the Montego Bay Convention Centre in Rose Hall, St. James, on June...

The Government is developing regulations to govern interactive and online gambling. Minister of Finance and the Public Service, Hon. Audley Shaw, said interactive gaming is a growing sector that offers tremendous potential for revenue earnings. “Due to the expanded use of technology and the need to facilitate the growth of the industry, we, as a Government, have decided to fast-track...

Companies listed on the Jamaica Stock Exchange (JSE) Junior Market are reaping dividends from the accompanying Government tax incentive, which is also generating benefits for the country. The regime sees the firms benefiting from a 10-year tax break. For the first five years, entities are exempt from paying corporate income tax, but are required to pay 50 per cent of...

Prime Minister, the Most Hon. Andrew Holness, says the Government is committed to partnering with civil society in the delivery of high-quality services to citizens. He noted that persons are demanding greater accountability and transparency in how Government conducts the affairs of the country, and such collaboration will help in improving governance at all levels. “As Jamaican citizens and firms...

Prime Minister, the Most Hon. Andrew Holness, says the credit union movement has become such a formidable force that it is now ranked as the largest membership organisation in the country. Mr. Holness, who was speaking at the media launch of Gateway Co-operative Credit Union (2017) Limited at the Montego Bay Cultural Centre on June 7, added that with the...