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Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the “sky is the limit” as it regards growth in the Business Process Outsourcing (BPO) sector.

More Tax Relief for PAYE Workers

Effective January 1, 2016, the threshold on Personal Income Tax will be increased from $557,232 to $592,800 per annum, thereby providing further relief to PAYE workers. “For all PAYE persons, this will mean an additional $35,568 per year of tax free income,...

Financial Secretary, Ministry of Finance and Planning, Devon Rowe (left), greets St. Andrew Rotary Club President, Robert Gibbs, just before the start of 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 Welcomes Collaborations

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the “sky is the limit” as it regards growth in the Business Process Outsourcing (BPO) sector.

Dr. Phillips Outlines Measures to Raise $22.7 Billion for Budget

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

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

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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.

11 years ago Finance & Public Service

Caribbean Governments Want EPOC-Style Arrangement

Governments across the region have expressed an interest in getting guidance from Jamaica in setting up bodies similar to the Economic Programme Oversight Committee (EPOC), to monitor economic reform measures in their own countries. Financial Secretary in the Ministry of Finance and Planning, Devon Rowe, made the disclosure, while addressing Tuesday’s (March 10) weekly St. Andrew Rotary Club luncheon at the...

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.

11 years ago Finance & Public Service

OUR Launches Island-Wide Consumer Outreach Series

The Office of Utilities Regulation (OUR) has embarked on a series of island-wide consultations, aimed at building awareness about the work of the agency in ensuring quality service from utility companies and other service providers. The year-long outreach series dubbed ‘Parish Connections’ is targeted at consumers in under-served rural parishes. It involves partnership with the Consumer Advisory Committee on Utilities,...

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.

11 years ago Finance & Public Service

Relationship With Japan is Cherished – Finance Minister

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says the relationship with Japan has been dynamic, and one that is cherished. “This dynamic relationship was at the centre of the numerous meetings that Prime Minister Portia Simpson Miller attended during her visit to Japan in November 2013. This kind of deep relationship is not one that happens overnight,...

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.

11 years ago 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...

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.

11 years ago 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...

11 years ago 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...

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.

11 years ago 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,...