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Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (centre); and Project Consultant for the DBJ’s Jamaica Venture Capital Programme, Audrey Richards (left), listen to a comment from General Manager of the entity’s Public-Private Partnership and Privatisation Division, Denise Arana, at the media launch of the DBJ’s infrastructure conference at its offices in New Kingston on February 13. The conference is slated for March 6-7 at The Jamaica Pegasus.

DBJ Stages Regional Conference on Public-Private Partnership in Infrastructure Development

The Development Bank of Jamaica (DBJ) will host a two-day conference, which will explore private sector contribution as an alternative financing mechanism in the delivery of public infrastructure. The regional conference is set for March 6-7 at The Jamaica Pegasus...

In this file photo, Minister of Transport and Mining, Hon. Mike Henry, shakes hands with Chairman of the China Development Bank (CDB), Dr. Hu Huaibang, following a signing ceremony for a framework cooperation agreement between the Government of Jamaica, CDB and the Jiuquan Iron and Steel Company.

Gov’t Ministers in China for Signing of Highway Project Agreement

Finance and the Public Service Minister, Hon. Audley Shaw (left), and Chairman of Caymanas Track Limited (CTL), Danville Walker, look at the agreement for the divestment of the operations of CTL to Supreme Ventures Limited (SVL) at the signing ceremony held at the Ministry’s National Heroes Circle offices in Kingston on February 10. At left is Chairman of SVL/Supreme Ventures Racing and Entertainment Limited, Paul Hoo, while Senior Director in the Public Enterprise Division of the Ministry, Cheryl Sylvester-James, oversees the process.

84 Public Entities to be Merged, Closed or Divested

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

Public Procurement Training and Certification Series Launched

Co-Chair of the Economic Programme Oversight Committee (EPOC), Keith Duncan, addressing a briefing at the Sagicor Life Builiding in New Kingston on Tuesday, December 13. (FILE)

EPOC to Monitor Implementation of Key IMF Benchmarks

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Minister of Finance and the Public Service, Hon. Audley Shaw, speaking in the House of Representatives on Thursday (February 9) after tabling the 2017-18 Estimates of Expenditure.

9 years ago Budget 2017/2018Finance & Public Service

Government Presents Budget of $710 Billion for 2017-18

The Government has presented a budget of $710 billion for the fiscal year 2017-18, with $485 billion allocated for recurrent (housekeeping) expenses and $225 billion for capital (development) spending. Details of the projections are outlined in the Estimates of Expenditure, which were tabled in the House of Representatives, yesterday (February 19), by Minister of Finance and the Public Service, Hon....

Economic Programme Oversight Committee (EPOC) Co-Chair, Keith Duncan, displays a copy of the Public Sector Transformation Oversight Committee (P-STOC) report while addressing journalists during EPOC’s quarterly briefing at Jamaica Money Market Brokers Limited’s (JMMB) head office in New Kingston on Thursday, February 9.

9 years ago Finance & Public Service

Jamaica on Track to Meet IMF Targets

Jamaica has met or is on track to meet all 12 quantitative performance indicators and structural benchmarks under the new International Monetary Fund (IMF) Precautionary Stand By Arrangement (PSBA) for the period ending December 2016. Key among these are the central Government primary surplus balance; grants and revenues; inflation; new property tax rates and bands; and formation of the Financial...

Finance and Public Service Minister, Hon. Audley Shaw, addressing Wednesday’s (February 8) Diplomatic Corps Ministerial briefing at The Jamaica Pegasus hotel in New Kingston. The briefing was part of activities organised by the Ministry of Foreign Affairs and Foreign Trade to mark Diplomatic Week 2017 from February 5 to 10 under the theme: ‘Growth through Partnerships’.

9 years ago Finance & Public Service

Minister Shaw to Sign Agreement with China’s Exim Bank for Highway Project

Finance and Public Service Minister, Hon. Audley Shaw, will travel to the People’s Republic of China next week to sign an agreement with that country’s EXIM Bank for the construction of the southeast coastal highway project at a cost of approximately US$384 million. Mr. Shaw said the new highway will run from Harbour View in Kingston through Morant Bay in...

Client Services Manager at the Accountant General’s Department (AGD), Tanisha Weir Grant.

9 years ago Finance & Public Service

AGD Urges Civil Servants to Ensure Documents are Updated

The Accountant General’s Department (AGD) is urging civil servants close to the age of retirement to ensure that all their documents are updated to minimise delays in receiving their pension. Client Services Manager at the AGD, Tanisha Weir Grant, told JIS News that Ministries, Departments and Agencies are being strongly encouraged to invite the AGD to speak with this group...

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

9 years ago Finance & Public Service

House Approves Order for New Personal Income Tax Threshold

The House of Representatives on Tuesday (January 31) approved the Provisional Collection of Tax (Income Tax) (No.2) Order 2016. The Order, which was piloted by Minister of Finance and the Public Service, Hon. Audley Shaw, will allow the new personal income tax threshold to remain in effect. “The measure was recommended on the basis to alleviating the economic hardship which...

In this file photo, Accountant General, Mrs. Carlene Murdoch (right), assists pensioners at her office in downtown Kingston. The Accountant General’s Department serves over 40,000 Government pensioners.

9 years ago Finance & Public Service

AGD Improves Service to Pensioners

The Accountant General’s Department (AGD) has introduced a number of initiatives to improve service delivery to Government pensioners. Accountant General, Carlene Murdoch, told JIS News that the most recent initiative introduced late last year is a receipt system that helps to improve efficiency in processing pensioners’ life certificates and ensure the timely delivery of pensions. “We have found in the...

Industry, Commerce, Agriculture and Fisheries Minister, Hon. Karl Samuda (left), speaks with General Manager of the Jamaica National Building Society (JNBS), Earl Jarrett (second left), at the second staging of the Social Enterprise Boost Initiative (SEBI) Summit 2017, organised by the JNBS Foundation, at The Jamaica Pegasus hotel in New Kingston, on January 30. Others (from third left) are: Mission Director of the United States Agency for International Development (USAID), Maura Barry-Doyle; and State Minister in the Finance and the Public Service Ministry, Hon. Fayval Williams.

9 years ago Finance & Public Service

Role of Social Enterprises in Community Development being Explored

State Minister in the Finance and Public Service Ministry, Hon. Fayval Williams, says the Government is exploring the role of social enterprises in the development of vulnerable and crime-prone communities. Social enterprises refer to those businesses that trade to tackle social problems, improve communities, people’s life chances or the environment. They make their money from selling goods and services in...