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Minister of Finance and Planning, Dr. the Hon. Peter Phillips (right), is in discussion with Chairman of the Development Bank of Jamaica, Joseph Matalon, during the official opening of the 2nd annual Venture Capital Conference on September 9, at the Jamaica Conference Centre, downtown Kingston.

Legal Framework for Venture Capital Programme by 2015/16

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the legal and regulatory changes to develop Jamaica’s venture capital industry, should be implemented during the next fiscal year. He said that the Development Bank of Jamaica (DBJ), through the...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at a press briefing on Monday, September 8. He gave an update on the performance of the economy.

Jamaicans Should Exercise Patience – EPOC Co-Chair

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

Jamaica Continues to Perform Well Under Economic Reform Programme

Technical Specialist at Tax Administration of Jamaica (TAJ), Monica Walker (2nd left), engages in discussion with (from left): Director of Tax Policy at the Ministry of Finance and Planning, Ian Scarlette; President of the Manchester Chamber of Commerce, Loven McCook; and Tax Education Manager at the Mandeville Branch of TAJ, Andrew Hyman. Occasion was a meeting with members of the Manchester chamber held on September 5, at the Golf View Hotel in Mandeville.

Fiscal Incentives Regime to Boost Business

Finance and Planning Minister, Dr. the Hon. Peter Phillips (second right), addresses the signing ceremony for three loans totalling US$105 million between Jamaica and the World Bank, at the bank’s headquarters in Washington, D.C., on September 3. Others (from right) are: World Bank Country Director for Jamaica, Sophia Sirtiane; World Bank Alternate Executive Director for Canada, Ireland and the Caribbean, Janet Harris; Ambassador to the United States, His Excellency Stephen Vasciannie and Governor of the Bank of Jamaica, Brian Wynter.

Jamaica and World Bank Sign US$105 Million Loans

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11 years ago Finance & Public Service

Second Installment of Minimum Business Tax Due September 15

Tax Administration Jamaica (TAJ) is reminding business owners that the second payment of $30,000 for the Minimum Business Tax is due on Monday, September 15. The tax, which was implemented on April 1, 2014, requires persons operating a business to pay $60,000 per year in two installments, the first of which was due on June 15. Business owners, who pay the...

Head of the Executive Agencies Monitoring Unit at the Ministry of Finance and Planning, Owen McKnight, makes a point during an interview with JIS News. Mr. McKnight has given more than 17 years of selfless service to the public sector, having been serving since 1997.

11 years ago Finance & Public Service

Dedicated Public Servant Hails Executive Agency Model, Wants More Established

Head of the Executive Agencies Monitoring Unit at the Ministry of Finance and Planning, Owen McKnight, says that the Executive Agency model has been very successful and expresses the desire for more to be established. “I believe that Executive Agencies, as a model, are very successful, even if it is from the point that performance targets, in general, are met...

Leader of the Opposition, Dr. Peter Phillips.

11 years ago Finance & Public Service

Finance Minister Leads Delegation to Washington for Talks With US Officials and IMF

Finance and Planning Minister, Dr. the Hon. Peter Phillips, left the island today (1 September 2014), for Washington D. C., to engage in a series of discussions with officials from the U.S. Treasury, U.S. State Department, the International Monetary Fund, (IMF), the Inter-American Development Bank (IADB), and the World Bank (IBRD). The meetings and technical discussions will focus on the...

Tax Administration Jamaica (TAJ) Technical Specialist, Monica Walker (right), is engaged in conversation by Small Business Association of Jamaica (SBAJ) Acting President, Bridgette Steele, during Thursday’s (August 28) forum, held at the Private Sector Organization of Jamaica’s (PSOJ) offices, Hope Road, St. Andrew.

11 years ago Finance & Public Service

Companies Reminded to Pay Minimum Business Tax

Tax Administration Jamaica (TAJ) is reminding owners and operators of businesses that they are required by law to pay the Minimum Business Tax (MBT) of $60,000 per annum, on their operations. The reminder comes as the TAJ moves to significantly reduce the high level of non-compliance among the 62,000 companies on file. Speaking at special taxation forum held on Thursday...

11 years ago Finance & Public Service

Delay in Processing of Driver’s Licence

Tax Administration Jamaica (TAJ) is advising members of the public that they may encounter some inconvenience with the processing of driver’s licences at the Revenue Service Centres islandwide. The TAJ says this is as a result of incorrect lamination pouches received earlier, which caused its supplies to be depleted sooner than anticipated. This will therefore cause an unanticipated delay in...

University of the West Indies (UWI) student, Shereda Mitchell, who holds a BSc in experimental biology with honours, and is presently pursuing a master of science degree in forensic science, addressing her fellow scholars at a forum hosted by the PetroCaribe Development Fund (PDF) to celebrate its Summer Employment Programme/Jamaica 50th Scholarship Programme. The forum was hosted at the Knutsford Court Hotel in Kingston on Thursday, August 28.

11 years ago Finance & Public Service

Beneficiaries of PetroCaribe Scholarships Thankful for Assistance

Awesome and overwhelming were some of the sentiments expressed by beneficiaries of the PetroCaribe Development Fund (PDF) Summer Employment Programme/Jamaica 50th Scholarship, who were recognised and applauded for their outstanding achievements, at a forum on August 28, in Kingston. The forum, which brought beneficiaries of both programmes together, served as a celebration of the success of the initiatives, and gave...

11 years ago Finance & Public Service

PIOJ Head Says Expansion of Economy Requires Strong Private Sector

Director General of the Planning Institute of Jamaica (PIOJ), Colin Bullock, says expansion of the economy requires a strong private sector, fiscal consolidation, and strategic investments or mega projects. He also listed capacity building of micro, small and medium-sized enterprises (MSMEs), proper spatial planning, a strategic framework to guide urban development and investment decision making, foreign exchange earnings from local...