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Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles. (File photo).

Improved FDIs Good Indicator of Confidence in Country – Byles

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says significant improvement in foreign direct investments (FDIs) is a good indicator of confidence in the Jamaican economy. Mr. Byles, speaking at an EPOC press briefing at Sagicor head office...

Finance and the Public Service Minister, Hon. Audley Shaw (left), emphasises a point to Chairperson-elect of the Jamaica Micro Financing Association (JaMFA), Sandra McDonald-Spence, during the organisation’s conference, which was held at The Jamaica Pegasus hotel in New Kingston on November 10, Mr. Shaw was one of the keynote speakers.

Finance Minister Highlights Legislation to Assist Microbusinesses

Prime Minister, the Most. Hon. Andrew Holness, addresses commissioning ceremony for liquefied natural gas (LNG) at the Jamaica Public Service Bogue power plant in St. James, on November 11.

PM Says New Arrangement with IMF Shows Political Maturity

Finance and the Public Service Minister, Hon. Audley Shaw (left), speaks with Chief Executive Officer of credit bureau, CRIF-NM Credit Assure Limited, Terrence Cooper, during the Jamaica Micro Financing Association’s (JaMFA) conference, which was held at The Jamaica Pegasus hotel in New Kingston on November 10.Mr. Shaw was one of the keynote speakers.

Finance Minister says Interest Rates must be Kept Low

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, outlines the performance of key indicators under the country’s four-year extended fund facility with the International Monetary Fund (IMF), during a press briefing on Thursday, August 13. (File)

EPOC Co-Chair Commends EGC

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Minister of Transport and Mining, Hon. Audley Shaw, CD, MP

9 years ago Finance & Public Service

Financial Institutions Urged to Safeguard Operations

Financial institutions are being encouraged to implement measures to safeguard their operations against regulatory and reputational risks. Finance and Public Service Minister, Hon. Audley Shaw, says this is necessary as there has been de-risking of institutions involved in correspondent banking, where threats posed by money laundering and terrorism financing are deemed to be imminent. He said that proactivity by financial...

Finance and the Public Service Minister, Hon. Audley Shaw (right), greets Jamaica Employers’ Federation (JEF) President, David Wan, during a recent JEF Breakfast meeting at The Knutsford Court Hotel, in New Kingston.

9 years ago Finance & Public Service

Private-Sector Leaders Support Standby Successor Agreement

Several private-sector leaders have endorsed the Government’s decision to negotiate a standby successor agreement with the International Monetary Fund (IMF). They deem this as ideal, based on several economic gains recorded under the outgoing four-year Extended Fund Facility (EFF), which are yielding significant benefits for the country. Notable among these, Jamaica Chamber of Commerce (JCC) President, Warren McDonald, tells JIS...

Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point while addressing the House of Representatives on November 1.

9 years ago Finance & Public Service

House Begins Debate on Bills to Facilitate Development of Horse-Racing Industry

Debate began on two Bills in the House of Representatives on November 9, to establish a regulatory framework that will attract and support investment in Jamaica’s horse-racing industry and facilitate the development of Caymanas Track into a modern world-class racing complex. The Bills – Betting, Gaming and Lotteries (Amendment) Act and the Jamaica Racing Commission (Amendment) Act – were piloted...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addresses the media at a press briefing at Sagicor head office in Kingston, on November 10.

9 years ago Finance & Public Service

Jamaica Exceeds All Targets

Jamaica has exceeded all macroeconomic targets for the 14th and final quarterly test under the Extended Fund Facility (EFF) with the International Monetary Fund (IMF). Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing a press briefing at the Sagicor offices in Kingston, yesterday (November 10), said he believes Jamaica will easily pass the test in all the...

The House of Representative.

9 years ago Finance & Public Service

House Approves Regulations for Agent Banking

The House of Representatives, on Tuesday (November 1), approved the Banking Services (Deposit Taking Institutions) (Agent Banking) Regulations. The regulations will provide a framework that will allow some banking business to be undertaken through agents authorised by a Supervisory Authority. Minister of Finance and the Public Service, Hon. Audley Shaw, piloted the regulations in the House of Representatives on Tuesday...

Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point while addressing the House of Representatives on November 1.

9 years ago Finance & Public Service

Growth of 2.3 % for July to September Quarter

The economy grew by 2.3 per cent for the July to September quarter, the highest quarter growth recorded since 2002. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, during the sitting of the House of Representatives on November 1. The Minister said the agricultural sector in the last quarter grew by 28.8 per cent,...

Minister of Finance and the Public Service, Hon. Audley Shaw, speaking in the House of Representatives on Tuesday, November 1. (FILE)

9 years ago Finance & Public Service

Working Group to Deal with Devaluation – Hon. Audley Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced that a Working Group has been established to deal with the continued devaluation of the Jamaican dollar against the United States currency. Addressing the House of Representatives on November 1, Mr. Shaw said the group will meet with the Bank of Jamaica (BOJ) on a weekly basis, with...