Latest

Bank of Jamaica (BOJ) Governor, Richard Byles, delivers his presentation during Monday’s (February 24) Quarterly Press Conference at the BOJ in downtown Kingston.

Bank of Jamaica Holds Policy Rate at Six Per Cent

The Bank of Jamaica (BOJ) announced on Monday (February 24) that its policy rate will be maintained at six per cent per annum, a decision reached during the Monetary Policy Committee (MPC) meeting on February 20. This reflects the BOJ’s...

51. Photo of United Nations flag in the sky

$250 Million to Complete United Nations House

Prime Minister, Dr. the Most Hon. Andrew Holness.

Jamaica Benefiting from Fiscal Discipline – PM

Industry, Investment and Commerce Minister, Senator the Hon. Aubyn Hill (centre) and Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, look at food items produced by local small business, Chef’s Choice. Occasion was a tour of booths at the Ministry’s recent MSME Business Roadshow at the JUICI Empowerment Park in Clarendon. Business owner, Sophia Williams, observes.

Positive Economic Impact from MSME Business Roadshow

Industry, Investment and Commerce Minister, Senator the Hon. Aubyn Hill (second right); Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry (second left); and Sector Specialist, Inter-American Development Bank (ISB), Kayla Grant, admire jewellery made by small-business owner, Carl Willis. Occasion was a tour of booths at the Ministry’s MSME Business Roadshow at the JUICI Empowerment Park in Clarendon on Thursday (February 20).

Increased Financing for MSMEs

Dr. the Most Honourable Andrew Michael Holness ON, PC, MP.

11 months ago Finance & Public ServiceForeign AffairsJamaican DiasporaPrime Minister

PM Welcomes Latest Fitch Ratings

Prime Minister, Dr. the Most Hon. Andrew Holness, has welcomed the latest Fitch Ratings, which has affirmed Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’, with the outlook remaining positive. “Jamaica’s BB- ratings reflect stronger governance than the peer median. What does that mean? That Jamaica’s management is better than countries in its peer group. It reflects significant progress...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry (left), points out that the island is not in a recession, during a press briefing at the Don Mills Training Room, PIOJ, 16 Oxford Road, on Wednesday (February 19). He is joined by Senior Director at the PIOJ, James Stewart (right).

11 months ago Finance & Public Service

PIOJ Director General Says Jamaica Not in Recession

Jamaica is not in a recession, despite recent economic challenges, says Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry. Speaking at a PIOJ Quarterly press briefing, today (February 19), at the Don Mills Training Room, Dr. Henry addressed concerns about the island's economic performance, citing a comprehensive analysis of key indicators. "While we acknowledge the downturn...

Minister of Finance and the Public Service, Hon. Fayval Williams, addresses Wednesday’s (February 19) post-Cabinet press briefing at Jamaica House.

11 months ago Finance & Public Service

More Than 30,000 Taxpayers to Benefit Under the Special Arrears Settlement Programme

More than 30,000 taxpayers are expected to benefit under the Special Arrears Settlement Programme, says Minister of Finance and the Public Service, Hon. Fayval Williams. The programme, which was introduced by Tax Administration Jamaica (TAJ) in January, aims to encourage taxpayers with outstanding principal sums for selected tax types to pay these by March 31, 2025. Tax types on which...

Acting Managing Director, Development Bank of Jamaica (DBJ) Edison Galbraith.

11 months ago Finance & Public ServicePress Release

Development Bank of Jamaica Opens Applications for its Jamaica Business Fund (Cluster) Cohort 7, Prioritising Climate Resilience Projects

The Development Bank of Jamaica (DBJ), through its Boosting Innovation Growth and Entrepreneurship Ecosystems (BIGEE) programme has opened a six-week - Call for Proposals, from February 10th to March 19th for the Jamaica Business Fund (JBF). This is a grant fund product aimed at supporting groups of businesses, operating as clusters, where funding of up to US$250,000 is available for...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, reports on the performance of the economy for the October to December 2024 quarter, during a press briefing held at the agency’s Oxford Road location in Kingston on Wednesday (February 19).

11 months ago Finance & Public Service

PIOJ Monitoring Impact of US Policy Measures

The Planning Institute of Jamaica (PIOJ) has indicated that it is closely monitoring policy measures in the United States (US) and assessing the likely impacts on the Jamaican economy. “It is too early to determine the precise nature and magnitude of these changes, as they are still being announced and rolled out. However, these new US policies may have a...

Minister of Finance and the Public Service, Hon. Fayval Williams, addresses the House of Representatives on Tuesday (February 18).

11 months ago Finance & Public Service

Locally Recruited Employees of World Bank Exempted from Paying Income Tax

The House of Representatives, on Tuesday (February 19), passed legislation to allow for the exemption of locally recruited employees of the World Bank from the payment of income tax. The legislation, Bretton Woods Agreements (Amendment) Act, was piloted by Minister of Finance and the Public Service, Hon. Fayval Williams. Mrs. Williams explained that the Bretton Woods Agreement Act incorporates into...

12 months ago Finance & Public ServiceParliament

Finance Minister to Appoint Private-Sector Members of TAJ Board

The House of Representatives, on Tuesday (February 18), passed legislation that will allow the Minister of Finance and Public Service to directly appoint the private sector members of the Tax Administration Jamaica (TAJ) board. The Bill, an Act to Amend the Tax Administration Jamaica Act, was piloted by Portfolio Minister, Hon. Fayval Williams. She explained that the Act established the...