The Ministry of Finance and the Public Service has made significant strides in the digitisation of pensions administration. The digitisation initiative aims to ensure a seamless and efficient retirement transition for public sector workers while maintaining the sustainability of pension arrangements. Speaking recently with JIS News, Strategic Planning and Stakeholder Engagement Manager in the Ministry, Dr. Kimorley Humphrey, who deals...

Bank of Jamaica advises that effective Monday, 30 December 2024, its Nethersole Place location will re-open and normal operations, including Teller Services to the public, will resume.

Bank of Jamaica advises that its Nethersole Place location will be closed tomorrow, Friday, 27 December 2024, to facilitate necessary emergency repairs to the building. The Bank will activate its Essential Services Protocol to continue providing core services to the financial markets. In that regard a separate Notice will be sent to financial markets participants. There will be no Teller...

Output prices for producers in the Mining and Quarrying industry increased by 0.2 per cent for November 2024, while the Manufacturing industry remained relatively unchanged as released today by the Statistical Institute of Jamaica (STATIN). The movement in the Mining and Quarrying industry was attributed to a similar 0.2 per cent increase in the index for the major group ‘Bauxite...

The All-Jamaica Consumer Price Index (CPI) for November 2024 was 141.9, reflecting an inflation rate of 1.0 per cent as released today by the Statistical Institute of Jamaica (STATIN). The main contributor was a 2.1 per cent rise in the index for the division ‘Food and Non-Alcoholic Beverages’, influenced mainly by a 5.7 per cent increase in the index of...

Motor vehicle importers are being urged to ensure that applications for motor vehicle import permits submitted through the Jamaica Single Window for Trade (JSWIFT) platform are complete and accurate. JSWIFT, managed by the Jamaica Customs Agency (JCA), is a fully digital platform designed to simplify and expedite the import permit process. By providing 24-hour access and integration with critical government...

Economic Programme Oversight Committee (EPOC) Chairman, Keith Duncan, is proposing that the Government reintroduce a fiscal rule that caps public sector wages as a percentage of Gross Domestic Product (GDP). Speaking during the final EPOC quarterly press briefing at the Ministry of Finance and the Public Service on Friday (December 13), Mr. Duncan said this recommendation comes against the background...