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Leader of the Opposition, Dr. Peter Phillips.

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...

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.

Electronic Procurement System Launched

) Minister with responsibility for the Public Service, Ministry of Finance and Planning, Hon. Horace Dalley (left), is presented with a signed copy of the agreement formalizing the United Nations Development Programme’s (UNDP) provision of approximately $11.7 million (US$100,000) in grant funding support for the Ministry’s Change Management Programme, by UNDP Country Representative in Jamaica, Dr. Arun Kashyap. The signing and presentation took place at the Ministry’s head office in Kingston, on Friday, July 31.

Gov’t Receives $11.7m Grant from United Nations Development Programme

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

Byles Proposes US $1 Billion Job Creation Fund

Co-Chairman of the Government’s Economic Programme Oversight Committee (EPOC), Richard Byles, addresses the launch of the Montego Bay Chamber of Commerce and Industry’s ‘MoBay Expo,’ at the Wexford Hotel on Wednesday, July 29.

EPOC Co-Chair Supports Pay Down of Petro Caribe Debt

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...

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 with responsibility for the Public Service, Hon. Horace Dalley (at podium), addresses a ceremony to launch the Caribbean Policy Research Institute (CaPRI) report, entitled: ‘Reforming Public Sector Reform’ at the Spanish Court Hotel in New Kingston on July 28. Pictured at the head table is Co-Executive Director, CaPRI, Dr. Christopher Tufton.

11 years ago Finance & Public Service

Gov’t Moving Ahead With Plan To Merge, Close, Privatise Entities

The Government is moving ahead with plans to merge, close, privatise, or outsource the services of several public sector entities. This, as it steps up the drive to enhance efficiencies and realise cost savings through the ongoing reform process under the Public Sector Master Rationalisation Plan. Minister with responsibility for the Public Service, Hon. Horace Dalley, noted that the Administration...

Finance and Planning Minister, Dr. the Hon Peter Phillips. (FILE)

11 years ago Finance & Public Service

Highest Sum Ever Raised Through Bonds – Finance Minister

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says the US$2 billion raised through the issue of two bonds on the international capital market, is the highest ever. “This is more than twice our previous largest, which was US$800 million, at the lowest interest rates ever achieved by Jamaica in the international markets,” Dr. Phillips said. The Minister...

Chief Technical Director in the Ministry of Finance and Planning’s Financial Investigation Division (FID), Robin Sykes, is in discussion with Chairman of the Jamaica Association for Micro Financing (JAMFIN), Dr. Blossom O’Meally-Nelson; and Branditise.com Chief Executive Officer, Wayne Marsh. Occasion was JAMFIN’s quarterly meeting held on July 22 at the Ministry of Investment, Industry and Commerce Training Room in Kingston.

11 years ago Finance & Public Service

Regulation of Microfinance Firms Will Protect Sector against Money Laundering

Legislation being prepared for the regulation of microfinance firms will protect the sector against money laundering. Chief Technical Director in the Ministry of Finance and Planning’s Financial Investigations Division (FID), Robin Sykes, told JIS News that the regulation of the sector will feed into anti-money laundering measures being advanced. He said that once the law is in place and the...

Minister without Portfolio, Ministry of Finance and Planning, Hon. Horace Dalley (2nd left), listens to comments during Thursday’s (July 23) Trade Facilitation Task Force (TF2) meeting held at the New Kingston offices of the Ministry of Industry, Investment, and Commerce. Others (from left), are: TF2 Chair, Patricia Francis; Industry, Investment, and Commerce Minister, Hon. Anthony Hylton; and State Minister, Hon. Sharon Ffolkes-Abrahams.

11 years ago CommerceFinance & Public Service

Improving Trade Facilitation Critical – Dalley

Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley, says improving trade facilitation is critical in achieving the levels of economic growth that the country requires. He was speaking against the background of the World Bank’s recent Doing Business study, which states that Jamaica could record growth averaging five per cent per annum, if the country’s...