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Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly media briefing at Sagicor Life Jamaica Limited’s head office, in New Kingston, on February 23.
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly media briefing at Sagicor Life Jamaica Limited’s head office, in New Kingston, on February 23.

Tax Revenue $6.6 Billion Above Budget

The Economic Programme Oversight Committee (EPOC) is reporting that the Government’s tax revenue intake for the first nine months of the 2015/16 fiscal year ending December totalled $291.7 billion, which is $6.6 billion above budget. EPOC Co-Chair, Richard Byles, said...
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly media briefing at Sagicor Life Jamaica Limited’s head office, in New Kingston, on February 23.
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly media briefing at Sagicor Life Jamaica Limited’s head office, in New Kingston, on February 23.

Jamaica Surpasses IMF Primary Surplus and NIR Targets
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
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

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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.
CommerceFinance & Public Service

Jamaica Hailed for Taking Lead in Venture Capital

Country Representative, Inter-American Development Bank (IDB), Therese Turner-Jones, has hailed Jamaica  for  leading the way in the development of a venture capital eco-system in the Caribbean. “What we are witnessing is the evolution of the development of the eco-system for venture capital and angel investors in providing more opportunities for small and medium entrepreneurs to thrive in Jamaica,” she said....
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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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