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Managing Director of the Development Bank of Jamaica (DBJ), Milverton Reynolds, addresses the launch of the Private Sector Organization of Jamaica’s (PSOJ) Corporate Governance Code for Micro, Small and Medium-sized Enterprises (MSMEs) on February 12, at the PSOJ head office in Kingston.
Managing Director of the Development Bank of Jamaica (DBJ), Milverton Reynolds, addresses the launch of the Private Sector Organization of Jamaica’s (PSOJ) Corporate Governance Code for Micro, Small and Medium-sized Enterprises (MSMEs) on February 12, at the PSOJ head office in Kingston.

DBJ Partners with PSOJ to Provide Technical Support to SMEs

The Development Bank of Jamaica (DBJ) is partnering with the Private Sector Organisation of Jamaica (PSOJ) for the management of the DBJ’s Voucher for Technical Assistance (VTA) programme. The entities recently signed a Memorandum of Understanding (MoU) to outline details...
Leader of the Opposition, Dr. Peter Phillips.
Leader of the Opposition, Dr. Peter Phillips.

No Wide-Scale Redundancies in Public Sector – Dr. Phillips
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (centre), displays the 2015 Latin America Bond Deal of the Year Award at the International Financing Review (IFR) award ceremony, held on February 10, at the headquarters of the IFR in Times Square, Manhattan, New York. Sharing in the occasion (from left) are: Thompson Reuters Bureau Chief of the Americas, John Doran; Managing Director and Head of Latin America Capital Markets Organization, Citi Global Group, Christopher Gilford; Technical Advisor to Minister Phillips, Helen McIntosh; Financial Secretary, Donovan Rowe; Dian Black of the Ministry of Finance, and Maxim Vernon from Merrill Lynch.
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (centre), displays the 2015 Latin America Bond Deal of the Year Award at the International Financing Review (IFR) award ceremony, held on February 10, at the headquarters of the IFR in Times Square, Manhattan, New York. Sharing in the occasion (from left) are: Thompson Reuters Bureau Chief of the Americas, John Doran; Managing Director and Head of Latin America Capital Markets Organization, Citi Global Group, Christopher Gilford; Technical Advisor to Minister Phillips, Helen McIntosh; Financial Secretary, Donovan Rowe; Dian Black of the Ministry of Finance, and Maxim Vernon from Merrill Lynch.

Bond Deal of the Year Award Shows Confidence in Country – Finance Minister
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (left), speaks to John McCorry of Bloomberg News, prior to a briefing at the Bloomberg headquarters in Manhattan, New York on February 10.
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (left), speaks to John McCorry of Bloomberg News, prior to a briefing at the Bloomberg headquarters in Manhattan, New York on February 10.

Jamaica to Avoid Capital Markets For 2016/17 – Dr. Phillips
Chairman, Development Bank of Jamaica (DBJ), Joseph M. Matalon (left), having a light exchange with (from second left), Country Representative, Inter-American Development Bank (IDB), Therese Turner-Jones; and Managing Director, DBJ, Milverton Reynolds. Occasion was the signing ceremony for a new US$3.5 million Technical Co-operation Agreement (TCA) between the DBJ and the IDB-Multilateral Investment Fund, at the Jamaica Pegasus Hotel in Kingston, on February 4.
Chairman, Development Bank of Jamaica (DBJ), Joseph M. Matalon (left), having a light exchange with (from second left), Country Representative, Inter-American Development Bank (IDB), Therese Turner-Jones; and Managing Director, DBJ, Milverton Reynolds. Occasion was the signing ceremony for a new US$3.5 million Technical Co-operation Agreement (TCA) between the DBJ and the IDB-Multilateral Investment Fund, at the Jamaica Pegasus Hotel in Kingston, on February 4.

Jamaica Hailed for Taking Lead in Venture Capital

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Finance & Public Service

National Arena to be Refurbished

The Government  is to spend $60 million to  refurbish the National Arena, which is expected to begin soon. Funding  will be provided by the Ministry of Finance and Planning and the Tourism Enhancement Fund (TEF), each  allocating $30 million. “There is definitely some work to be done there - upgrading of the bathrooms, windows and doors, the air condition unit,...
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Finance & Public Service

Parish Councils Still Accepting Applications for Property Tax Relief

The Special Discretionary Relief Committees at all local authorities are still accepting applications from persons within specific groups, who are desirous of receiving property tax reprieve. Established in fiscal year 2013/14, the committees were set up to consider applications from within their respective jurisdictions from the destitute, elderly, disabled and pensioners. Responding to questions at Friday’s (Jan. 29) sitting of...
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Finance & Public Service

Cabinet has Approved Privatisation of Government Assets

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says Cabinet has approved the privatisation of a number of Government of Jamaica assets. These include various levels of shareholdings in Wigton Wind Farm, Jamaica Public Service Company Limited, Seprod Limited, Factories Corporation of Jamaica, Petrojam, Ethanol Jamaica and Things Jamaica Limited. Dr. Phillips was speaking in the House of Representatives...
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Caption- Chief Information Officer at the Jamaica Customs Agency, Andre Williams (left), checks the server which runs the Automated System for Customs Data (ASYCUDA), along with Acting Operations Manager, Owen Gayle.
Finance & Public Service

More Revenue and Savings from ASYCUDA

Significant revenue and savings are being realised by the Jamaica Customs Agency (JCA), since it introduced its Automated System for Customs Data (ASYCUDA) World System, a web-based application that is expected to improve the agency’s efficiency. Chief Information Officer, Andre Williams, told JIS NEWS  that the system has eliminated the use of paper, which has reduced the processing and waiting...
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Finance & Public Service

Higher Levels of Public Confidence

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says higher levels of public confidence have been expressed in the most recent survey on consumer and business confidence. “Consumer confidence surged in the fourth quarter of 2015, recording a 20 per cent increase from the prior quarter, and reaching its second highest since the closing quarter of 2008,” he said....
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Director General in the Ministry of Finance and Planning, Dianne McIntosh (left), and Former Commissioner of the Jamaica Customs Agency (JCA), Alison Moore, unveil the plaque dedicating the Alison Moore Multipurpose Room today (Jan. 26), at Customs House, Newport East in Kingston. Commissioner of Customs, Major Richard Reese (left), and Director of Valuation in the JCA, Devon Manahan, share the moment.
Finance & Public Service

Jamaica Customs Opens Alison Moore Multipurpose Room

The Jamaica Customs Agency (JCA) today (January 26) officially opened its Alison Moore Multipurpose Room, named in honour of the first female Commissioner of the Agency. The room, located at Customs House, Newport East in Kingston, is used to host meetings and business functions, and also serves as recreational space for staff. The opening ceremony was in celebration of International...
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