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Minister of Finance & Planning, Dr. Peter Phillips, is in conversation with James Goren, one of the international investors attending the Jamaica Investment Forum at the Montego Bay Convention Centre. Looking on is President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards.
Minister of Finance & Planning, Dr. Peter Phillips, is in conversation with James Goren, one of the international investors attending the Jamaica Investment Forum at the Montego Bay Convention Centre. Looking on is President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards.

Dr. Phillips Highlights Progress Under ERP

Minister of Finance and Planning, Hon. Peter Phillips, says the country has made tremendous strides under the Economic Reform Programme (ERP) resulting in a more investor-friendly business environment and continued economic growth. “The successful performance under the economic programme has...
Chief Executive Officer of the Jamaica Customs Agency (JCA) Major Richard Reese (second left) signs a copy of the Memorandum of Understanding (MOU) between the JCA and three private sector companies under the Authorized Economic Operator (AEO) programme. Also participating in the signing ceremony are Deputy CEO of Operations at the JCA, Karlene Henry (left), Senior Logistics Officer at GK Foods (A division of GraceKennedy Limited) Deighton Christian (third left), Managing Director of Office Supplies Brokers Limited, Richard McCreath and Director of DFL Importers, Stephen deCasseres. The signing took place the Jamaica Customs Agency head office at Newport East in Kingston on Wednesday March 11, 2015.
Chief Executive Officer of the Jamaica Customs Agency (JCA) Major Richard Reese (second left) signs a copy of the Memorandum of Understanding (MOU) between the JCA and three private sector companies under the Authorized Economic Operator (AEO) programme. Also participating in the signing ceremony are Deputy CEO of Operations at the JCA, Karlene Henry (left), Senior Logistics Officer at GK Foods (A division of GraceKennedy Limited) Deighton Christian (third left), Managing Director of Office Supplies Brokers Limited, Richard McCreath and Director of DFL Importers, Stephen deCasseres. The signing took place the Jamaica Customs Agency head office at Newport East in Kingston on Wednesday March 11, 2015.

JCA Signs MOU With Companies Under AEO Programme
Financial Secretary, Ministry of Finance and Planning, Devon Rowe (left), converses with St. Andrew Rotary Club President, Robert Gibbs (right); and Secretary, Anne-Marie Bonner, during the organisation’s weekly luncheon on March 10, at the Four Seasons Hotel in St. Andrew, where Mr. Rowe was the guest speaker.
Financial Secretary, Ministry of Finance and Planning, Devon Rowe (left), converses with St. Andrew Rotary Club President, Robert Gibbs (right); and Secretary, Anne-Marie Bonner, during the organisation’s weekly luncheon on March 10, at the Four Seasons Hotel in St. Andrew, where Mr. Rowe was the guest speaker.

Caribbean Governments Want EPOC-Style Arrangement
Director General of the Office of Utilities Regulation (OUR), Albert Gordon, addresses the official launch of the OUR’s outreach series dubbed Parish Connections this morning (March 9), at the Knutsford Court Hotel in New Kingston.
Director General of the Office of Utilities Regulation (OUR), Albert Gordon, addresses the official launch of the OUR’s outreach series dubbed Parish Connections this morning (March 9), at the Knutsford Court Hotel in New Kingston.

OUR Launches Island-Wide Consumer Outreach Series
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (centre), paying tribute to the outgoing Japanese Ambassador to Jamaica, His Excellency Yasuo Takase (left), at a farewell reception at the Japanese Embassy on March 5. Sharing the moment is the Ambassador’s wife, Mrs. Sayoko Takase.
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (centre), paying tribute to the outgoing Japanese Ambassador to Jamaica, His Excellency Yasuo Takase (left), at a farewell reception at the Japanese Embassy on March 5. Sharing the moment is the Ambassador’s wife, Mrs. Sayoko Takase.

Relationship With Japan is Cherished – Finance Minister

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Finance and Planning Minister, Dr. the Hon. Peter Phillips (centre), emphasises a point during Thursday’s (March 5) signing ceremony for the $8.6 billion (US$75 million) World Bank-funded First Competitiveness and Fiscal Management Policy Loan Project, on Thursday (March 5), at the Ministry in Kingston. Listening keenly are: Financial Secretary, Devon Rowe (left); and Acting World Bank Representative in Jamaica, Kathy Lalazarian. The loan agreement will support the Government’s structural reform programme, targeting economic growth and development for Jamaica.
Finance & Public Service

Government Secures $8.6 Billion Loan from World Bank

The Government has received approximately $8.6 billion (US$75 million) in loan support from the World Bank to bolster the ongoing programme of economic growth and development for Jamaica. The provision, under the First Competitiveness and Fiscal Management Policy Loan Project, will support structural reforms designed to enhance Jamaica’s competitiveness, thereby improving the investment climate. It is part of a larger...
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Director, Business Operations at the Jamaica Mortgage Bank (JMB), Hecton Hemans, explains the bank’s new Technical Support Services product to stakeholders at its recent launch at the Terra Nova All Suites Hotel.
Finance & Public Service

JMB Launches Product to Assist Financial Institutions

The Jamaica Mortgage Bank (JMB) has launched a technical support services product that will assist financial institutions to make more informed decisions about construction financing. Speaking at the product launch recently, in Kingston, JMB’s Director of Business Operations, Hecton Hemans, said that after assessing the number of default loans on its books, the bank decided to set up a technical...
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Finance & Public Service

Countdown to March 15 Income Tax Filing Deadline

Tax Administration Jamaica (TAJ) is reminding business operators that they have less than two (2) weeks remaining to file their income tax returns ahead of the March 15 deadline. Self-employed individuals, partners, companies, other bodies and employed persons with additional sources of income are therefore urged to prepare and file their annual return for 2014 and declare their estimated income...
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International Monetary Fund (IMF) Representative in Jamaica, Dr. Bert van Selm (centre); and Sagicor Group Jamaica Limited’s President and Chief Executive Officer, Richard Byles (left), are engaged in conversation by Chairman, R,. Danny Williams, during the company’s annual pension investment seminar, held at the Jamaica Conference Centre, downtown Kingston, on Tuesday (March 3), under the theme: ‘Unlocking Investment Opportunities in Jamaica’. Dr. Van Selm was the guest speaker.
Finance & Public Service

Jamaica Poised For Increased Growth – IMF Official

International Monetary Fund (IMF) Representative in Jamaica, Dr. Bert van Selm, says the country is positioned to achieve increased economic growth of up to three per cent over the medium term. This, he said, is based on the Government’s timely implementation of the Economic Reform Programme (ERP), being supported by the IMF’s Extended Fund Facility (EFF). “The bottom line, really,...
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AgricultureBudget 2015/2016Finance & Public Service

Project to Boost Agricultural Production and Exports to EU Gets $37.9 Million

The Planning Institute of Jamaica (PIOJ) will continue the implementation of the European Development Fund (EDF) Economic Partnership Agreement (EPA) Capacity Building Project, this year, with a $37.9 million allocation in the 2015/16 Estimates of Expenditure, now before Parliament. The project aims to facilitate increased production and more diversified export of agricultural and agro-processed products to the European Union (EU)...
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Budget 2015/2016Finance & Public Service

Finance Ministry Gets $24 Million to Transform Operations

The Ministry of Finance and Planning will continue work this year to transform its operations into a high performing Centre of Excellence with an allocation of just over $24 million, set aside in the 2015/16 Estimates of Expenditure, now before Parliament. The project, which commenced in August 2014, seeks to effect the transformation through adoption of a new organisational structure...
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Budget 2015/2016Finance & Public Service

Fiscal Administration Modernization Programme Gets $1.4 Billion

The Ministry of Finance and Planning will continue implementation of the Government’s Fiscal Administration Modernization Programme. This will be done with the $1.4 billion allocated in the 2015/16 Estimates of Expenditure, currently before Parliament. The project, which commenced in December 2011, seeks to support the Government in achieving a sustainable fiscal position by strengthening the Finance Ministry’s institutional capacity to...
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