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Minister of Finance and the Public Service, Hon. Audley Shaw (right), shares a joke with Bank of Jamaica Governor, Brian Wynter, during the 2nd LatinFinance Caribbean Finance and Investment Forum, held on November 17 at the Montego Bay Convention Centre.

Jamaica Reaffirms Commitment to Addressing Derisking

Finance and Public Service Minister, Hon. Audley Shaw, says Jamaica’s international partners can rest assured of the country’s commitment to addressing the challenges fuelling de-risking. This, he said, through its robust regulatory framework for anti-money laundering (AML) and combating the...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry.

Positive Outlook for October to December Quarter

Minister of Finance and the Public Service, Hon. Audley Shaw (second right), is greeted by Vice President for Investment Banking at the National Commercial Bank (NCB) Herbert Hall (second left), when he arrived to address the LatinFinance’s 2nd Caribbean Finance and Investment Forum, held on November 17 at the Montego Bay Convention Centre. Others (from left) are Chief Executive Officer at NCB Capital Markets, Steven Gooden; Resident Representative of the International Monetary Fund (IMF), Constant Lonkeng, and CEO of LatinFinance, Taimur Ahmad.

Jamaica Best Place to do Business – Finance Minister

Finance and the Public Service Minister, Hon Audley Shaw (left), addresses the launch of the annual Public Sector Corporate Governance Awards, held yesterday (November 16) at the Banquet Hall, Jamaica House. Listening (from second left) are Chief Executive Officer, The Private Sector Organisation of Jamaica (PSOJ), Dennis Chung,; PSOJ President, Paul Scott; and Chair of the PSOJ Corporate Governance Committee, Greta Bogues.

Public Sector Corporate Governance Awards Launched

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry. (FILE)

Unemployment Rate Lowest in Five Years

Bank of Jamaica (BOJ) Governor, Brian Wynter (centre), emphasises a point during the Bank’s quarterly media briefing at the BOJ auditorium in downtown Kingston on Monday (November 14). He is flanked by BOJ Senior Deputy Governor, John Robinson (left); and Deputy Governor, Dr. Wayne Robinson.

9 years ago Finance & Public Service

Growth in Private-Sector Credit

Bank of Jamaica (BOJ) Governor, Brian Wynter, says commercial bank credit to the private sector continues to grow steadily. He said provision of credit for the 12-month period ending September 2016, increased by 14.3 per cent, relative to the 7.8 per cent for the corresponding period last year. Mr. Wynter said that this reflected strong credit growth of 12.2 per...

9 years ago Economic Growth & Infrastructure DevelopmentFinance & Public Service

Government’s Commitment to Economic Growth Gets IMF’s Executive Board Approval of Stand By Arrangement

The Executive Board of the International Monetary Fund (IMF) approved a three-year US$1.64 billion Stand-By Arrangement (SBA) for Jamaica, as a signal of its continued support of the Government of Jamaica’s (GOJ) economic programme and the strengthening of the country’s macroeconomic framework. The Stand-By Arrangement will replace the existing Extended Fund Facility (EFF) which was scheduled to end in March...

Bank of Jamaica (BoJ) Governor, Brian Wynter, addressing journalists during a quarterly media briefing. (File photo).

9 years ago Finance & Public Service

Inflation Continues to Fall

Jamaica’s inflation rate continues to decline, with the figure falling to 1.9 per cent for the September 2016 quarter. This was 0.6 per cent lower than the out-turn for the June quarter, Bank of Jamaica (BOJ) Governor, Brian Wynter, has reported. He also indicated that the September out-turn represented the eighth consecutive quarter in which inflation had declined. The Governor...

Employees at one of several Business Process Outsourcing (BPO) entities operating out of the Montego Bay Free Zone. (File photo)

9 years ago Finance & Public Service

BPO Companies Seeking to Expand in Manchester

Several companies in the Business Process Outsourcing (BPO) sector are seeking to set up operations in Manchester and other areas of central Jamaica, says Minister of Finance and the Public Service, Hon. Audley Shaw. The Minister said, recently he met with the president of Sutherland Global Services (SGS), and he indicated that their most productive BPO facility is located in...

Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), responds to a question during the Bank’s quarterly media briefing at the BOJ auditorium in downtown Kingston on Monday (November 14). Others (from left are BOJ Senior Deputy Governor, John Robinson; and Deputy Governor, Dr. Wayne Robinson.

9 years ago Finance & Public Service

BOJ Governor Says Dollar is Fairly Valued

Central Bank Governor, Brian Wynter, is maintaining that the Jamaican dollar is fairly valued at the current exchange rate of just over $129 against the US dollar. Speaking at the Bank of Jamaica (BOJ) quarterly media briefing at the bank in downtown Kingston, on November 14, the Governor said that economic assessments support this, and that the Bank of Jamaica...

9 years ago Finance & Public Service

BOJ Governor Welcomes Approval of IMF Standby Agreement

Bank of Jamaica (BOJ) Governor, Brian Wynter, has welcomed approval of the country’s new three-year US$1.64-billion Standby Agreement by the International Monetary Fund’s (IMF) Executive Board. The agreement, which was ratified at the Board’s meeting on Friday, November 11, immediately replaces the Extended Fund Facility (EFF) that has been in place since 2013 and will enable Jamaica to immediately access...

Minister of Finance and the Public Service, Hon. Audley Shaw (2nd left), assists Board member of Hardware and Lumber, Erwin Burton (left), in cutting the ribbon to officially reopen Rapid True Value’s expanded Mandeville store in Manchester on Sunday (November 13). Hardware and Lumber is the parent company for Rapid True Value. Board member of Hardware and Lumber, Christopher Bovel (party hidden); and Chief Executive Officer, Donna Doran, look on.

9 years ago Finance & Public ServiceMining

Seamless Transfer of Noranda Jamaica Bauxite – Minister Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw, is reporting that the Noranda Jamaica Bauxite operation in St. Ann has officially changed ownership in a “seamless” transfer. Noranda's parent company, Noranda Aluminum Holding Corporation, received court approval to sell the operations to DADA Holdings LLC, under its affiliate, New Day Aluminum LLC for a purchase price of $24.4...