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Prime Minister, the Most Hon. Andrew Holness (right), greets Managing Director of the United States investment firm, Jefferies; and Head of the entity’s Fixed Income Wealth Management division, Gregory Fisher (2nd left), on arrival at The Jamaica Pegasus hotel in New Kingston on Tuesday, January 24, for the opening ceremony of the 12th Jamaica Stock Exchange (JSE) Regional Investments and Capital Markets Conference. Others (from left) are: JSE Chairman, Ian McNaughton; and The Jamaica Pegasus General Manager, Peter Hilary.
Prime Minister, the Most Hon. Andrew Holness (right), greets Managing Director of the United States investment firm, Jefferies; and Head of the entity’s Fixed Income Wealth Management division, Gregory Fisher (2nd left), on arrival at The Jamaica Pegasus hotel in New Kingston on Tuesday, January 24, for the opening ceremony of the 12th Jamaica Stock Exchange (JSE) Regional Investments and Capital Markets Conference. Others (from left) are: JSE Chairman, Ian McNaughton; and The Jamaica Pegasus General Manager, Peter Hilary.

Prime Minister Says Stock Market can Facilitate Equitable Wealth Distribution

Prime Minister, the Most Hon. Andrew Holness, says Jamaica’s stock market represents an area of strategic investment capable of facilitating equitable wealth distribution across the society. Addressing the opening of the 12th Jamaica Stock Exchange (JSE) Regional Investments and Capital...
Prime Minister the Most. Hon. Andrew Holness speaking in the House of Representatives. (FILE)
Prime Minister the Most. Hon. Andrew Holness speaking in the House of Representatives. (FILE)

House Begins Debate on Banking Services Amendment Act
Minister of Finance and the Public Service, Hon. Audley Shaw, addresses Jamaica Customs Agency (JCA) staff and stakeholders at the launch a JCA ‘Customs Meets the Community’ public awareness initiative at Customs House at Myers’ Wharf in Kingston on Tuesday, January 24.
Minister of Finance and the Public Service, Hon. Audley Shaw, addresses Jamaica Customs Agency (JCA) staff and stakeholders at the launch a JCA ‘Customs Meets the Community’ public awareness initiative at Customs House at Myers’ Wharf in Kingston on Tuesday, January 24.

Jamaica Customs Agency Urged to Identify Options to Improve Service
Minister of Finance and the Public Service, Hon. Audley Shaw (seated, left); and Head of the European Union (EU) Delegation to Jamaica, Malgorzata Wasilewska (seated, right) affix their signatures to copies of the document for the disbursement of €6.5 million (J$910.2 million) in EU grant funding to Jamaica. At centre is Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda. Overseeing the process is Senior Negotiations Officer in the Finance Ministry, Nadine James. The signing took place at the National Heroes Circle offices of the Ministry of Finance and the Public Service in Kingston on January 19. The money is being provided under the EU’s Accompanying Measures for Sugar Protocol Countries, Jamaica (AMS 2013) Project, which provides support to the country’s sugar industry.
Minister of Finance and the Public Service, Hon. Audley Shaw (seated, left); and Head of the European Union (EU) Delegation to Jamaica, Malgorzata Wasilewska (seated, right) affix their signatures to copies of the document for the disbursement of €6.5 million (J$910.2 million) in EU grant funding to Jamaica. At centre is Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda. Overseeing the process is Senior Negotiations Officer in the Finance Ministry, Nadine James. The signing took place at the National Heroes Circle offices of the Ministry of Finance and the Public Service in Kingston on January 19. The money is being provided under the EU’s Accompanying Measures for Sugar Protocol Countries, Jamaica (AMS 2013) Project, which provides support to the country’s sugar industry.

More Assistance for Residents in Sugar-Dependent Areas
Deputy President of the Senate, Aubyn Hill, highlights a point while opening the State of the Nation Debate in the Upper House, yesterday (January 20).
Deputy President of the Senate, Aubyn Hill, highlights a point while opening the State of the Nation Debate in the Upper House, yesterday (January 20).

Tax Relief Results in Greater Revenue Collection

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Finance and Public Service Minister, Hon. Audley Shaw, addressing Thursday’s (Oct. 13) joint press conference at the Office of the Prime Minister (OPM) where details of a new three-year US$1.7 billion precautionary standby successor agreement for the existing International Monetary Fund (IMF) Extended Fund Facility (EFF), which concludes in March 2017, were outlined. (FILE)
Finance & Public Service

Finance Minister Says Transformation is About Efficiency

Minister of Finance and the Public Service, Hon. Audley Shaw, says the public-sector transformation programme is about efficiency and economic wealth for Jamaica, and not people losing jobs. Addressing the Mayberry Investor Forum, held on January 18 at The Knutsford Court Hotel, in New Kingston, Mr. Shaw said for the process of wealth creation to move forward, there must be...
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Finance and Public Service Minister, Hon. Audley Shaw. (FILE)
Finance & Public Service

Gov’t Allocates Funds to Complete FINSAC Report

Cabinet has approved the reappointment of the Financial Sector Adjustment Company (FINSAC) Commissioners, paving the way for the completion of the report from the Commission of Enquiry, which looked at the collapse of several financial institutions in the 1990s. Minister of Finance and the Public Service, Hon. Audley Shaw, said an allocation of $35.7 million has been made in the...
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Employees at one of several Business Process Outsourcing (BPO) entities operating out of the Montego Bay Free Zone. (File photo)
Finance & Public Service

Unemployment Down

The unemployment rate has continued to decline despite an increase in the labour force, that is, the number of persons actively seeking employment. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, as he opened the debate on the first Supplementary Estimates for the 2016/17 fiscal year, in the House of Representatives on January 17....
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Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)
Finance & Public Service

Business Confidence at All-Time High

Minister of Finance and the Public Service, Hon. Audley Shaw, says business confidence in Jamaica is at an all-time high. Addressing the House of Representatives on January 17, he informed that the latest Business Confidence Index for December 2016 shows a 15.4 per cent increase compared to the index in the last quarter of 2015. “This was reported to be...
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Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)
Finance & Public Service

Finance Minister Expects 2% Growth for 2016/17

Minister of Finance and the Public Service, Hon. Audley Shaw, says he expects growth in the economy to be about two per cent by the end of the 2016/17 fiscal year. The Minister was opening the Debate on the first Supplementary Estimates in the House of Representatives on January 17. Tabled on January 10, the Estimates showed that the budget...
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Leader of Government Business in the Senate, Hon. Kamina Johnson Smith, speaking in the Senate. (FILE)
Finance & Public Service

Bills Passed to Establish Int’l Financial Services Centre

Jamaica has moved a step closer to establishing an international financial services centre, with the passage of two key pieces of legislation in the Senate on Friday (January 13). These are the General Partnership Bill, which will formalise the process for foreign partnerships looking to transact business in Jamaica and facilitate mergers and conversion of partnerships; and the Limited Partnership...
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