The report from the Financial Sector Adjustment Company (FINSAC) Commission of Enquiry into the collapse of the financial sector is expected to be completed within the next six months. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure while opening the 2017/18 Budget Debate in the House of Representatives on Thursday (March 9). The Minister, earlier...

Effective April 1, 2017, the personal income tax threshold will be increased from $1 million to $1.5 million. Minister of Finance and the Public Service, Hon. Audley Shaw, made the announcement as he opened the 2017/18 Budget Debate in the House of Representatives on March 9. Mr. Shaw said currently, there are 469,131 Jamaicans who are on the Pay As...

Implementation of the first phase of a Human Capital Management Enterprise System (HCMES) in public-sector entities has already commenced and is to be completed by the end of 2017. Fourteen ministries, departments and agencies (MDAs) have been selected to be the first to utilise the services of the system, which offers a standardised human-resource and payroll platform. All other entities...

Even as the country sees sustained improvements in macroeconomic indicators, the Government remains committed to maintaining the fiscal responsibility necessary to bring down the high levels of debt. Prime Minster, the Most Hon. Andrew Holness, in an address at a press conference at the Office of the Prime Minister on March 3, said the debt fundamentals are a priority for...

Director General, Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, is encouraging students, in consultation with guidance counsellors and their parents, to assess the labour market before they venture on particular career paths. He said this knowledge will assist them to choose careers that will still be relevant after they have finished their training and are ready for the world...

The International Monetary Fund (IMF) is expected to make available an additional US$170 million to Jamaica, under the Precautionary Stand-By Arrangement (PSBA), following the first review of the programme in April. Once approved by the IMF Executive Board, this will bring to US$574 million the money available to the Bank of Jamaica for drawdown, as needed. This was revealed at...

The Development Bank of Jamaica (DBJ) has packaged several infrastructure development projects, which it will present to investors at the Regional Infrastructure Conference to be held from March 6-7 at The Jamaica Pegasus hotel in New Kingston. The two-day event is focused on public-private partnership (PPP) under the theme ‘Delivering Economic Growth through Partnership: Private Sector Participation in Infrastructure Development’....