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Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says the recent PetroCaribe debt buy-back transaction was a significant move by the Jamaican government. He was speaking with journalists at the EPOC’s monthly press briefing on August 13, in Kingston.

US$2 Billion Raised By Government Will Result In Significant Benefits – EPOC Co-Chair

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says the recent move by the Government in raising US$2 billion of bonds on the international financial markets, will have significant benefits for the country, its debt stock and financial...

Minister of Finance and Planning, Hon. Dr. Peter Phillips (centre), makes a point to President of the Private Sector Organization of Jamaica (PSOJ), William Mahfood (left), while Chairman of the Victoria Mutual Building Society (VMBS), Michael McMorris, looks on. Occasion was VMBS’ inaugural economic forum held on August 12, at the Terra Nova Hotel in St. Andrew.

BPO Sector Can Transform Employment Landscape – Dr. Phillips

Prime Minister the Most Hon. Portia Simpson Miller (third left), affixes her signature to the new Heads of Agreement, which was signed between the Government and representatives of the Jamaica Confederation of Trade Unions, during a ceremony at the Office of the Prime Minister (OPM) on August 11. Also signing (from left) are: Vice President, Jamaica Confederation of Trade Unions, Helene Davis Whyte; Minister of Finance and Planning, Dr. the Hon. Peter Phillips; and President of the Jamaica Civil Service Association, O’neil Grant. Pictured in the background (from left) are: Manager, Public Relations, Special Projects and Community Outreach, OPM, Shelly-Ann Harris; and Finance and Planning Ministry officials - Director, Industrial Relations, Lorna A. Phillips; Acting Financial Secretary, Everton McFarlane; Senior Industrial Relations Officer, Charmaine Hayman; and Deputy Financial Secretary, Wayne Jones. The new wage agreement, which is for the contract period 2015 to 2017, will see public sector employees receiving a salary increase of seven per cent over two years.

Improved Benefits for Public Sector Workers

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, outlines the performance of key indicators under the country’s four-year extended fund facility with the International Monetary Fund (IMF), during a press briefing on Thursday, August 13. (File)

Jamaica On Course to Pass 9th Consecutive IMF Test

Prime Minister the Most Hon. Portia Simpson Miller (third left), affixes her signature to the new Heads of Agreement, which was signed between the Government and representatives of the Jamaica Confederation of Trade Unions, during a ceremony at the Office of the Prime Minister (OPM) on August 11. Also signing (from left) are: Vice President, Jamaica Confederation of Trade Unions, Helene Davis Whyte; Minister of Finance and Planning, Dr. the Hon. Peter Phillips; and President of the Jamaica Civil Service Association, O’neil Grant. Pictured in the background (from left) are: Manager, Public Relations, Special Projects and Community Outreach, OPM, Shelly-Ann Harris; and Finance and Planning Ministry officials - Director, Industrial Relations, Lorna A. Phillips; Acting Financial Secretary, Everton McFarlane; Senior Industrial Relations Officer, Charmaine Hayman; and Deputy Financial Secretary, Wayne Jones. The new wage agreement, which is for the contract period 2015 to 2017, will see public sector employees receiving a salary increase of seven per cent over two years.

Tertiary Education Grants Included in Wage Settlement With Public Sector Workers

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Prime Minister the Most Hon. Portia Simpson Miller.

10 years ago Finance & Public Service

Remarks by the Prime Minister at the Signing of Heads of Agreement with the JCTU

Remarks by the Prime Minister Most Hon. Portia Simpson Miller ON, MP At Signing of Heads of Agreement Between the Government of Jamaica and the Jamaica Confederation of Trade Unions on Behalf of Some Public Sector Workers For the Period April 2015 to March 2017 Office of the Prime Minister, August 11, 2015 Salutations Dr....

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (second left), fields questions from journalists during a press conference held at his National Heroes Circle offices in Kingston, today (August 10) to provide details on the debt buy-back arrangement between Jamaica and Venezuela. Also pictured (from left) are: Chief Executive Officer of the PetroCaribe Development Fund, Dr. Wesley Hughes; Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell; and Governor of the Bank of Jamaica, Brian Wynter.

10 years ago Finance & Public Service

Services Provided By Government Will Improve Due To Debt Buy-Back

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says the debt buy-back arrangement with Venezuela under the PetroCaribe Energy Co-operation Agreement, was undertaken for the benefit of all Jamaicans and will serve to improve the services the Government provides. The transaction, which was completed last week, is expected to save the country hundreds of millions in debt payment...

10 years ago Finance & Public Service

The Jamaica Customs Agency Urges Passengers and Importers to Comply

The Jamaica Customs Agency (JCA) wishes to advise persons importing items into Jamaica for social outreach, that they are to import only those items for which the requisite approval has been granted by the relevant authority. This is against the background of allegations against an employee of the JCA that were posted on Facebook last weekend. To date, the JCA...

10 years ago Finance & Public Service

TAJ Finalises Preparations to Implement FATCA

With the advent of the legislation relating to the Foreign Account Tax Compliance Act (FATCA), Tax Administration Jamaica (TAJ) is finalising preparations to administer the implementation of the automatic exchange of information. In recent weeks TAJ has been working with Financial Institutions (FI) to register and submit test data, to assess the readiness of the system configured to accommodate the...

Leader of the Opposition, Dr. Peter Phillips.

10 years ago Finance & Public Service

PetroCaribe Debt Buy Back A Positive for Jamaica

On July 23, 2015 Jamaica raised two billion (US$2bn) United States dollars on the international capital market – the highest amount it has ever raised during a single transaction window - at the lowest rates it has ever been able to access from that market. A third of that money, US$650 million, has a term of thirty years while the...

10 years ago Finance & Public Service

Government Collects $3 Billion in Property Tax

The Government has collected some $3 billion in property tax since the start of the 2015/16 financial year. This was disclosed by Minister of Local Government and Community Development, Hon. Noel Arscott, at a ceremony, held on August 3 at the Ministry of Tourism and Entertainment, in Kingston. “I want to use this opportunity to urge all property owners to...

Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley (right), in discussion with Minister without Portfolio in the Ministry of Transport and Works, Hon. Dr. Morais Guy (left), at the launch of Jamaica’s first electronic procurement portal, by the Ministry of Finance and Planning, at the Pegasus Hotel on July 31. At centre is Project Manager in the Finance and Planning Ministry, Mr. John M. Thompson.

10 years ago Finance & Public Service

Electronic Procurement System Launched

The Ministry of Finance and Planning has launched Jamaica’s first electronic procurement platform, which will significantly improve efficiency and transparency in the acquisition of goods, services and works. The E-Procurement System, launched on July 31 under the theme: ‘Faster, Easier and More Efficient Way of Doing Business’, is in keeping with the Government’s commitment to strengthen and promote Public Procurement...