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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

Finance and the Public Service Minister, Hon. Audley Shaw, has emphasised that interest rates on loans provided by financial institutions to individuals and business entities, particularly in the micro and small sector, should be maintained at low levels. “While I...

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

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

Financial Institutions Urged to Safeguard Operations

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.

Private-Sector Leaders Support Standby Successor Agreement

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

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

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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...

Minister of Finance and the Public Service, Hon. Audley Shaw, addresses Tuesday’s (September 20) sitting of the House of Representatives.

9 years ago Finance & Public Service

Gov’t to Conclude Extended Fund Facility in Three Months

The Government will in three months bring the Extended Fund Facility (EFF) to an early conclusion and commence the new standby arrangement with the International Monetary Fund (IMF) as a substitute programme. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure during the sitting of the House of Representatives on Tuesday (November 1) at Gordon House....

Group Chief Executive Officer, Jamaica Co-operative Credit Union League (JCCUL), Glenworth Francis (left), shares a laugh with President, Insurance Employees Cooperative Credit Union (IECCU) Limited, Bernita Locke (centre); and General Manager, IECCU, Mark Bowen. Occasion was a recognition ceremony for 21 volunteers of the IECCU held at the Terra Nova Hotel in St. Andrew on October 29. The volunteers have collectively dedicated more than 267 years to the entity.

9 years ago Finance & Public Service

Credit Unions Urged to Prepare for BOJ Regulations

Credit unions are being urged to actively pursue strategies that will enable them to improve their state-of-readiness in meeting the requirements under the Bank of Jamaica (BoJ) Credit Union Regulations. The call came from Group Chief Executive Officer, Jamaica Co-operative Credit Union League (JCCUL), Glenworth Francis, who said that the league, through its Stabilisation Unit, has been assisting entities to...

Prime Minister, the Most Hon. Andrew Holness (right), accepts a token from Chief Executive Officer of IBEX Global, Robert Dechant, following an address at a ceremony to officially open the company’s offices in Portmore Pines, Portmore, St. Catherine, on October 27. The company currently employs 550 persons, with a view to increasing that number to 1,000 when the facility is complete.

9 years ago Finance & Public ServiceVision 2030

Gov’t Working to Boost BPO Investment

Prime Minister, the Most Hon. Andrew Holness, says the Government is working to review its regulatory and legislative framework in order to make Jamaica the country of choice for business process outsourcing (BPO). He cited the recent passage of the Special Economic Zone Act as among measures to modernise policies and processes to achieve greater efficiency. He said emphasis is...