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

Passing IMF Tests Creates Economic Stability – Dr. Phillips

Finance and Planning Minister, Hon. Dr. Peter Phillips, says that passing the International Monetary Fund (IMF) tests creates stability in the Jamaican economy. Passing the tests means that Jamaica is meeting its targets in instituting key economic reforms, enabling the...

Director of Taxation Policy in the Ministry of Finance and Planning, Ian Scarlett, explains Government’s Economic Reform Programme to residents of St. Elizabeth, at a Town Hall meeting held yesterday (Sept. 24), at the new public park in Black River.

DBJ Providing Low Interest Loans for Key Sectors

Member of the Partnership for Jamaica Council, Professor Alvin Wint, addresses a consultation on the Jamaica Partnership Agreement held on Wednesday (September 24), at the Anglican Church Hall, Morant Bay, St. Thomas.

Jamaica must Consolidate Economic Gains – PROFESSOR WINT

The headquarters of the International Monetary Fund (IMF) in Washington, D.C., United States.

IMF Board Approves US$68.8 Million Disbursement to Jamaica

Finance and Planning Minister, Dr. the Hon. Peter Phillips (right), and Senior Private Sector Development Specialist with the World Bank, Thomas Vis (left), shake hands, following the signing of a US$50 million Memorandum of Understanding (MoU), for the Foundations for Competitiveness and Growth project, at the Mona Visitors’ Lodge on Wednesday (September 24).

Government Signs US$50M MOU to Strengthen Business Environment

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, opens the debate on the Customs Tariff (Revision) (Amendment) (No.3) Resolution in the House of Representatives on Wednesday, September 18. The Resolution provides for the removal of custom duties from solar water heater parts and Light Emitting Diode (LED) bulbs.

11 years ago Finance & Public ServiceParliament

Legislation Passed to Facilitate New Electronic Customs System

Legislation aimed at implementing a new system to fast track the movement of goods through the ports was approved by the House of Representatives on September 23. The Customs (Amendment) Act was passed with two changes, and was piloted by Minister of Finance and Planning, Dr. the Hon. Peter Phillips. In his comments, Dr. Phillips explained that the Bill will...

Leader of the Opposition, Dr. Peter Phillips.

11 years ago Finance & Public Service

Jamaica Moves from Stable to Positive

International credit rating agency, Standard and Poor’s (S&P), has improved its outlook on Jamaica from stable to positive. In a release on September 19, Standard and Poor’s says it has affirmed its 'B-' long-term foreign and local currency and 'B' short-term foreign and local currency sovereign credit ratings on Jamaica. A ‘B’ rating means the country is more vulnerable to...

11 years ago Finance & Public ServiceParliamentSenate

Bill to Amend GCT Act Tabled in Senate

A Bill to amend the General Consumption Tax (GCT) Act was tabled in the Senate on Friday, September 19, paving the way for an improved tax collection system. Justice Minister, Senator the Hon. Mark Golding, tabled the Bill, which was passed in the House of Representatives on September 17. It introduces a series of adjustments, which aim to facilitate the operation of...

Permanent Secretary in the Ministry of Water, Land, Environment and Climate Change, Dr. Alwin Hales (right) and Director General in the Ministry, Dr. Sharon Crooks (centre), are being informed about the work of First Heritage Cooperative Credit Union, by Business Development Representative, Aaron Minott. Occasion was a tour of booths prior to the start of the Ministry’s retirement exposition today (September 19), at the Half-Way-Tree Road offices of the Land Administration and Management Programme (LAMP).

11 years ago Finance & Public Service

Jamaicans Urged to Plan for Retirement

Jamaicans are being encouraged to effectively plan for retirement to ensure that they can adequately take care of their financial needs after they have stopped working. The advice came from Director General in the Ministry of Water, Land, Environment and Climate Change, Dr. Sharon Crooks, at a retirement exposition today (Sept. 19), at the Half-Way-Tree Road offices of the Land...

Company Secretary and Legal Counsel for Jamaica Mortgage Bank (JMB), Donna Samuels-Stone, oversees the signing of a syndicated loan agreement between financiers Jamaica Mortgage Bank (JMB) and National Commercial Bank (NCB); and 138 Student Living Jamaica Ltd. Under the agreement, the two financial entities will provide $1.35 billion for the construction of phase one of a student housing project at the University of the West Indies (UWI). The signatories (from left) are: Assistant General Manager Corporate Banking at NCB, Raymond Donaldson; General Manager, Corporate Banking NCB, Brian Boothe and JMB Board Chairman, Howard Mollison.

11 years ago Finance & Public ServiceHousing

Jamaica Mortgage Bank Lead Financier of UWI Student Housing Project

The Jamaica Mortgage Bank (JMB) is the lead financier for the first phase of a major housing project on the Mona campus of the University of the West Indies, which will provide accommodation for 1, 584 students over the next three years. Ground was broken on Thursday (September 18) for the development, which is being undertaken at a cost of...

11 years ago Finance & Public Service

Growth Momentum to Continue

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the economic growth momentum is expected to continue through to the end of the September quarter, despite the effects of the drought. He was addressing a post-Cabinet Retreat press briefing on September 17 at Jamaica House. Real economic activity expanded within the range of one to two per cent during...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, updates journalists on fiscal matters discussed at the recent two-day Cabinet retreat, at a media briefing, hosted by Information Minister, Senator the Hon. Sandrea Falconer, at Jamaica House, on Wednesday, September 17.

11 years ago Finance & Public ServiceInformation

Cabinet Committee to Identify and Remove Growth Impediments

The Government has mandated a Cabinet sub-committee to identify and remove impediments to growth projects, as well as pinpoint general economic measures to be undertaken, in order to enhance Gross Domestic Product (GDP) levels. Minister of Finance and Planning, Hon. Dr. Peter Phillips, made the announcement at a post-Cabinet Retreat press briefing on Wednesday, September 17, at Jamaica House. The...