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Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)
Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)

Expansion of Economy Expected in Medium Term

The Government is projecting that the country’s macroeconomic outlook will remain positive, with an anticipated expansion in the economy over the medium term. This is according to an interim report of the 2016/17 Fiscal Policy Paper tabled in the House...
Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point as he addresses the House of Representatives.
Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point as he addresses the House of Representatives.

Wage Negotiations Concluded with 97% of Public-Sector Bargaining Units
State Minister in the Education, Youth and Information Ministry, Hon. Floyd Green (centre), greets Vice President of Capital Markets and Fund Management at Sagicor Investments Jamaica Limited, Kevin Donaldson. Occasion was a luncheon to promote the Stock Market Game to high school teachers, held on September 30 at the Jamaica Pegasus Hotel in New Kingston. Looking on is Senior Marketing Officer, Jamaica Stock Exchange, Michael Johnson.
State Minister in the Education, Youth and Information Ministry, Hon. Floyd Green (centre), greets Vice President of Capital Markets and Fund Management at Sagicor Investments Jamaica Limited, Kevin Donaldson. Occasion was a luncheon to promote the Stock Market Game to high school teachers, held on September 30 at the Jamaica Pegasus Hotel in New Kingston. Looking on is Senior Marketing Officer, Jamaica Stock Exchange, Michael Johnson.

Education State Minister Endorses Stock Market Game
State Minister for Finance and the Public Service, Hon. Rudyard Spencer (left), formally reopens the Jamaica Customs Agency’s (JCA) newly refurbished canteen during a brief ceremony at the JCA’s head office at Newport East in Kingston on September 30. Sharing the occasion (from 2nd left) are JCA Chief Executive Officer and Commissioner of Customs, Major (Ret’d) Richard Reese; and Deputy Chief Executive Officer, Karlene Henry.
State Minister for Finance and the Public Service, Hon. Rudyard Spencer (left), formally reopens the Jamaica Customs Agency’s (JCA) newly refurbished canteen during a brief ceremony at the JCA’s head office at Newport East in Kingston on September 30. Sharing the occasion (from 2nd left) are JCA Chief Executive Officer and Commissioner of Customs, Major (Ret’d) Richard Reese; and Deputy Chief Executive Officer, Karlene Henry.

JCA Renovates Section of Head Office
Finance and the Public Service Minister, Hon. Audley Shaw, addresses the recent Betting, Gaming and Lotteries Commission (BGLC) Gaming Industry Summit, held at the Jamaica Conference Centre in downtown Kingston.
Finance and the Public Service Minister, Hon. Audley Shaw, addresses the recent Betting, Gaming and Lotteries Commission (BGLC) Gaming Industry Summit, held at the Jamaica Conference Centre in downtown Kingston.

Finance Minister Highlights Importance of Gaming Industry

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State Minister for Finance and the Public Service, Hon. Rudyard Spencer (2nd left), shakes the hand of Toyota Jamaica Limited’s Managing Director, Tom Connor, following the commissioning of a Toyota Corolla motor car which the Jamaica Customs Agency (JCA) purchased from the auto dealership. The commissioning took place at the JCA’s head office at Newport East in Kingston on September 30. The vehicle is one of five that the JCA purchased from local dealerships to boost its mobile fleet. Looking on (from left) are JCA Chief Executive Officer and Commissioner of Customs, Major (Ret’d) Richard Reese; and Customs Officer, Ann-Marie Campbell Bell.
Finance & Public Service

JCA Gets New Vehicles

The mobile fleet of the Jamaica Customs Agency (JCA) has been increased, with the acquisition of five new motor vehicles purchased at a cost of just over $36.1 million. The vehicles, inclusive of three pickups, a truck, a bus and a motor car, were acquired from auto dealers Toyota Jamaica, Stewart’s, and Fidelity Motors. They will serve to boost the...
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Finance and Public Service Minister, Hon. Audley Shaw (left), emphasises a point while addressing Prime Asset Management Limited’s ninth Annual Pensions Seminar at The Jamaica Pegasus hotel in New Kingston, on September 29. The seminar was jointly staged by Prime Asset Management Limited and the Private Sector Organisation of Jamaica (PSOJ) under the theme ‘Mandatory Pensions: Averting the Retirement Crisis of Tomorrow’.
Finance & Public Service

Gov’t Committed to New Public-Sector Pension Scheme

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government remains committed to implementing the proposed contributory public-sector pension scheme by April 2017. Pension reform is a structural benchmark under the four-year International Monetary Fund (IMF) Extended Fund Facility (EFF). The Bill to formalise proposals for the reform arrangements was retabled by Minister Shaw in the House of...
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Finance and Public Service Minister, Hon. Audley Shaw (left), emphasises a point while addressing Prime Asset Management Limited’s ninth Annual Pensions Seminar at The Jamaica Pegasus hotel in New Kingston, on September 29. The seminar was jointly staged by Prime Asset Management Limited and the Private Sector Organisation of Jamaica (PSOJ) under the theme ‘Mandatory Pensions: Averting the Retirement Crisis of Tomorrow’.
Finance & Public Service

Finance Minister Confident of Successor Arrangement with IMF

Finance and the Public Service Minister, Hon. Audley Shaw, remains confident that the Government and International Monetary Fund (IMF) will reach an agreement on a successor arrangement for the Extended Fund Facility (EFF). He said based on the administration’s discussions now under way with members of the IMF’s Country Team who are in the island, it is “most likely going...
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Finance and the Public Service Minister, Hon. Audley Shaw (right), greets Acting Executive Director of the Betting, Gaming and Lotteries Commission (BGLC), Carole Martine-Johnson (left), during the BGLC’s Gaming Industry Summit at the Jamaica Conference Centre, downtown Kingston on Thursday, September 22. Mr. Shaw was the keynote speaker at the event, which was held under the theme ‘Facing the Challenges. Navigating the Future’. Looking on is BGLC Chairman, Clovis Metcalfe.
Finance & Public Service

Development of First Integrated Resort Begins Early 2017

Work to undertake Jamaica’s first integrated resort development, incorporating casino gaming, is expected to commence in early 2017. This has been disclosed by Finance and the Public Service Minister, Hon. Audley Shaw, who said the development is being carried out by one of the two investors for whom integrated resort development orders were approved by the previous administration in 2015....
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Chairman of the Betting Gaming and Lotteries Commission (BGLC), Clovis Metcalfe (left) and Chairman of Crime Stop, Major General Robert Neish, sign a partnership agreement between the BGLC and Crime Stop, on September 27, at the BGLC’s head office in Kingston. The agreement will allow members of the public to make anonymous reports about illegal gambling through Crime Stop’s ‘311’ toll-free number. Persons will get cash rewards of up to $25,000 if the information provided results in an arrest and charge.
Finance & Public Service

War On Illegal Gambling

The Betting Gaming and Lotteries Commission (BGLC) has signed a partnership agreement with Crime Stop to tackle illegal gambling. The partnership, which will allow members of the public to make anonymous reports through Crime Stop’s ‘311’ toll-free number, will offer persons cash rewards of up to $25,000 if the information provided results in an arrest and charge. Acting Executive Director...
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Prime Minister, the Most Hon. Andrew Holness, delivering Jamaica’s policy statement at the 71st session of the United Nations (UN) General Assembly in New York on September 23
Finance & Public ServiceOffice of the Prime Minister

De-Risking Must be Addressed Urgently – PM

Prime Minister, the Most Hon.  Andrew Holness, says there is an urgent need to address the emerging issue of the withdrawal of Correspondent Banking services to certain financial institutions in the Caribbean. Delivering Jamaica’s policy statement at the 71st session of the United Nations (UN) General Assembly in New York on September 23, the Prime Minister said that de-risking threatens...
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