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Minister of Finance and the Public Service, Hon. Audley Shaw, addresses a sitting of the House of Representatives. (FILE)

PAYE Workers Urged to Spend Money Wisely

Minister of Finance and the Public Service, Hon. Audley Shaw, is encouraging Pay-As-You-Earn (PAYE) workers, who are taking home more pay as a result of the first phase of increase in the income tax threshold, to spend the money responsibly. He...

CEO of the Jamaica Customs Agency and Commissioner of Customs, Major (Ret’d) Richard Reese, addressing a meeting of the Kiwanis Club of downtown Kingston at the Hotel Four Seasons on Monday, July 25. (File photo)

Jamaica Customs Agency Moves to Further Boost Revenue Collection

Ambassador of the People’s Republic of China to Jamaica, His Excellency Niu Qingbao (fourth left, front row); Acting Director of the Scholarship and Assistance Unit of the Finance Ministry, Kelli-Ann Garrick (third left, front row); and President of the Jamaica-China Friendship Association Limited, Irena Cousins (second left, front row), with some of the recipients of scholarships to study in China. The occasion was the handover of Letters of Admission to universities in China, at the Chinese Embassy in Kingston on July 22.

Students get Letters of Admission to Study in China

Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left); General Manager, Country Department, Caribbean Group, Inter-American Development Bank (IDB), Therese Turner-Jones (centre), sign the loan agreement for the US$100 million Financial System Reform Support Programme, during a ceremony at the Ministry’s Heroes Circle offices in Kingston, yesterday (July 21). Standing is Senior Negotiations Officer, International Programme, Management Branch, Ministry of Finance and the Public Service, Nadine James and at right is Executive Director, IDB, Jerry Butler.

US$100 Million to Boost Investment

Prime Minister, the Most Honourable
Andrew Michael Holness, ON, PC, MP — Prime Minister, the Most Honourable Andrew Michael Holness, ON, PC, MP

Positive and Fruitful Discussions with IMF Team – PM Holness

Minister of Finance and the Public Service, Hon. Audley Shaw (right), delivers a Statement to the House of Representatives. (FILE)

10 years ago Finance & Public ServiceParliament

IMF Team to Discuss Programme Post Current Agreement

A team from the International Monetary Fund (IMF) is to arrive in the island on July 20 to discuss an appropriate programme for Jamaica, after the current agreement ends next year. Minister of Finance and the Public Service, Hon. Audley Shaw, made the announcement during a statement to the House of Representatives on Tuesday, July 19. “We are at this time...

Minister of State in the Ministry of Finance and the Public Service, Hon. Rudyard Spencer (centre), addresses the inaugural meeting of the Public Sector Monitoring Committee (PSMC) on July 14 at the Ministry’s Heroes Circle offices. He is joined at the head table by Director General in the Ministry, Ms. Dian McIntosh (left) and Deputy Financial Secretary of the Strategic Human Resource Management Division of the Ministry, Mr. Wayne Jones.

10 years ago Finance & Public Service

State Minister Commits to Advancing Cause of Public-Sector Workers

Minister of State in the Ministry of Finance and the Public Service, Hon. Rudyard Spencer, has committed to doing everything, along with the Public Sector Monitoring Committee (PSMC), to advance the cause of Jamaica’s public-sector workers. Mr. Spencer, addressing the inaugural meeting of the newly established Committee today (July 14), at the Ministry, said the mandate of the group is...

Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles.

10 years ago Finance & Public Service

Goods and Services More Competitive

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says Jamaica’s goods and services have become more competitive over the past year, particularly in the past five months. Speaking at EPOC’s monthly media briefing at Sagicor Life’s offices in New Kingston today (July 13), Mr. Byles said the trailing 12-month inflation rate was 2.1 per cent, while the rate...

Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addresses EPOC’s monthly media briefing, held on July 13, at Sagicor Life Jamaica Limited’s head office, in New Kingston.

10 years ago Finance & Public Service

Positive Trend in Revenue

Jamaica continues to see a positive trend in revenue and grants, totalling $70.1 billion in May, significantly ahead of budget. This was revealed by Economic Programme Oversight Committee (EPOC) Co-Chair, Richard Byles, at a monthly briefing at Sagicor Life’s offices in New Kingston, today (July 13). Mr. Byles hailed Tax Administration Jamaica (TAJ) for improvements in its tax collection mechanisms,...

Minister of Finance and the Public Service, Hon. Audley Shaw (right), having a light exchange with Group Marketing Manager, Jamaica Money Market Brokers (JMMB), Kerry-Ann Simpson (second right), shortly before the start of the annual economic forum of the Private Sector Organisation of Jamaica (PSOJ) and the JMMB Group, at The Jamaica Pegasus hotel in New Kingston, today (July 12). Others (from left) are Chief Executive Officer (CEO) of the PSOJ, Dennis Chung; and President, PSOJ, William Mahfood.

10 years ago Finance & Public Service

Measures Implemented Under EFF Will be Maintained – Finance Minister

Finance Minister, Hon. Audley Shaw, says the Government is committed to maintaining measures implemented under the International Monetary Fund (IMF) Extended Fund Facility (EFF), after the agreement ends in December. “I want to make it absolutely clear that this Government is not hesitant whatsoever to continue some form of engagement and monitoring with the IMF (after the programme expires),” the...

Prime Minister, the Most Hon. Andrew Holness (left), having a light exchange with World Bank Country Director, Ms. Sophie Sirtaine, ahead of a seminar at Jamaica House on July 12 with international experts and policymakers to discuss best practices and strategies for economic growth and debt management. The seminar is sponsored by the World Bank.

10 years ago Economic Growth & Infrastructure DevelopmentFinance & Public ServiceOffice of the Prime Minister

Gov’t Hosts Seminar on Economic Growth and Debt Management

The Government is today (July 12) hosting a high-level seminar with international experts and policymakers to discuss best practices for economic growth and debt management. Prime Minister, the Most Hon. Andrew Holness, at the opening session at Jamaica House, said he is looking forward to learning from the examples, anecdotes and the sharing of experiences from the guests. He said...

10 years ago Finance & Public Service

Increase in NIF Assets

The National Insurance Fund (NIF) net assets have increased by $8.32 billion for the calendar period that ended December 31, 2015. According to the Ministry of Labour and Social Security’s annual report for 2015, the 11.82 per cent improvement was attributed to improved share prices, money market investments and real estate investments. In the meantime, the current assets of the...