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Finance and Planning Minister, Dr. the Hon. Peter Phillips (centre), and President, Rotary Club of New Kingston, Lloyd Butler (left), listen to a point from the Club’s Vice President, Rose-Marie Gibbs, during the organization’s weekly meeting at Chasers Café, Belmont Road, St. Andrew, on Friday, August 15, where Dr. Phillips was the guest speaker.
Finance and Planning Minister, Dr. the Hon. Peter Phillips (centre), and President, Rotary Club of New Kingston, Lloyd Butler (left), listen to a point from the Club’s Vice President, Rose-Marie Gibbs, during the organization’s weekly meeting at Chasers Café, Belmont Road, St. Andrew, on Friday, August 15, where Dr. Phillips was the guest speaker.

Government Must Operate at World Class Level – Dr. Phillips

Finance and Planning Minister, Dr. the Hon. Peter Phillips, has underscored the need for “certain adjustments” in how government functions in order to enhance the country’s competitiveness. These adjustments, he said, are also imperative in ensuring that Jamaica secures maximum...
Director General, Planning Institute of Jamaica (PIOJ), Colin Bullock (second left) conversing with Permanent Secretary in the Ministry of Justice, Carol Palmer (second right) during the official launch of the Financial Information and Real-time Matchmaking (FIRM) expo on August 14 at the Jamaica Pegasus Hotel in New Kingston. Others (from left) are: Chief Executive Officer, Corporate Strategies Limited, Aubyn Hill; and General Manager of Strategic Services, Development Bank of Jamaica (DBJ), Claudine Tracey.
Director General, Planning Institute of Jamaica (PIOJ), Colin Bullock (second left) conversing with Permanent Secretary in the Ministry of Justice, Carol Palmer (second right) during the official launch of the Financial Information and Real-time Matchmaking (FIRM) expo on August 14 at the Jamaica Pegasus Hotel in New Kingston. Others (from left) are: Chief Executive Officer, Corporate Strategies Limited, Aubyn Hill; and General Manager of Strategic Services, Development Bank of Jamaica (DBJ), Claudine Tracey.

DBJ Approved $2.3 Billion in Loans for MSME Sector
Finance and Planning Minister, Dr. the Hon. Peter Phillips (at podium), addressing the Rotary Club of New Kingston’s weekly meeting, at Chasers Café, Belmont Road, St. Andrew, on Friday (August 15). Seated is Club President, Lloyd Butler.
Finance and Planning Minister, Dr. the Hon. Peter Phillips (at podium), addressing the Rotary Club of New Kingston’s weekly meeting, at Chasers Café, Belmont Road, St. Andrew, on Friday (August 15). Seated is Club President, Lloyd Butler.

Finance Minister Says ERP Continues to Yield Positive Outcomes
Minister of Finance and Planning, Hon. Dr. Peter Phillips (2nd left) listens keenly to a point being made by, Commissioner of Customs, and Chief Executive Officer of Jamaica Customs Agency, Major Richard Reese (left), during the launch of the Automated System for Customs Data (ASYCUDA) on Wednesday, August 13, at the Jamaica Pegasus Hotel, New Kingston. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton (right); and Chairman of the Bureau of Standards Jamaica, Dr. Winston Davidson, also participated in the discussion.
Minister of Finance and Planning, Hon. Dr. Peter Phillips (2nd left) listens keenly to a point being made by, Commissioner of Customs, and Chief Executive Officer of Jamaica Customs Agency, Major Richard Reese (left), during the launch of the Automated System for Customs Data (ASYCUDA) on Wednesday, August 13, at the Jamaica Pegasus Hotel, New Kingston. Minister of Industry, Investment and Commerce, Hon. Anthony Hylton (right); and Chairman of the Bureau of Standards Jamaica, Dr. Winston Davidson, also participated in the discussion.

Technology-Driven System to Speed Up Customs Operations
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly briefing at the Sagicor head office, in New Kingston, on August 14.
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at the monthly briefing at the Sagicor head office, in New Kingston, on August 14.

Jamaica Surpasses All IMF Targets for First Quarter

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Finance & Public Service

TAJ to Pay Refunds Directly to Bank Accounts

Tax Administration Jamaica (TAJ) is to begin paying Income Tax refunds directly into bank accounts, instead of making payments by cheques. The TAJ says an Electronic Funds Transfer (EFT) Project is now being piloted to accommodate this change. Beginning August 2014, individuals claiming a PAYE Income Tax refund, including pensioners, will be required to submit their banking details in order...
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The headquarters of the International Monetary Fund (IMF) in Washington, D.C., United States.
Finance & Public Service

IMF Team Arrives August 13

A team from the International Monetary Fund (IMF), is expected in the island on Wednesday, August 13, to conduct the fifth review of Jamaica’s performance under the Extended Fund Facility. The IMF Mission to Jamaica is scheduled to be in the island from August 13 to 22. During that time, they will determine if Jamaica met all quantitative targets and...
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Finance & Public Service

DBJ Expands Venture Capital Conference

The Development Bank of Jamaica (DBJ) has expanded this year’s second staging of its annual venture capital conference, following overwhelming response to the first one held in 2013. This year’s conference, being held under the theme: ‘Towards a Dynamic Ecosystem…Linking Capital, Innovation and Entrepreneurship for Growth’, will be held over three days, up from one in 2013, from September 8...
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Finance & Public Service

More Persons Employed in April

The Statistical Institute of Jamaica (STATIN) is reporting a decrease of 3.3 per cent in the unemployment rate for April 2014. STATIN says the unemployment rate for April 2014 was 13.6 per cent, compared to 16.3 per cent in April 2013. The latest Labour Force Survey compiled by STATIN also shows that the unemployment rate among youth aged 14 to...
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Finance & Public ServiceParliamentSenate

Senate Approves Tax Collection Legislation Amendments

The Senate, last week, approved adjustments to the proposed Tax Collections (Miscellaneous Provisions) Act, 2014, and the Tax Penalties (Harmonization) Act, 2014, with 18 additional amendments to those advanced by the Lower House, on July 23. The amendments are intended to improve and increase collection of the various domestic tax types. This by introducing new collection mechanisms and also achieving...
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Finance & Public ServiceTechnology

Government Will Continue to Work with ICT Investors – Finance Minister

Finance Minister, Dr. the Hon. Peter Phillips, says the Government will continue to work with investors in the Information and Communication Technology (ICT) sector, to find creative ways to address operational costs, especially in the area of energy. In an interview with JIS News after he toured the soon-to-be-opened Barnett Tech Park in Montego Bay, on August 4, Dr. Phillips...
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Finance & Public Service

GCT Returns for June Now Due

Tax Administration Jamaica (TAJ) is reminding business operators that GCT returns for the month of June is due on Thursday July 31, 2014. Under the new policy relating to GCT on Government purchases, suppliers filing GCT returns and claiming credit, based on Withholding Tax Certificates (WTC) issued to them by a government Tax Withholding Entity (TWE), are reminded that they...
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