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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.

Private Sector Concerns Regarding Proposed GCT Changes Addressed

The county’s Economic Programme Oversight Committee (EPOC) says it is now satisfied that concerns raised by members of the private sector over amendments to the GCT Act were considered by the relevant parliamentary committee. In its monthly communiqué issued on...

Planning Institute of Jamaica (PIOJ) Director General, Colin Bullock (right), shares a light moment with, from left: Executive Director, PIOJ Growth Secretariat, Joseph Cox; Chief Executive Officer, Private Sector Organisation of Jamaica (PSOJ), Dennis Chung; and Co-Chair, Economic Programme Oversight Committee (EPOC), Richard Byles, during the recent launch of the Financial Information and Real-time Matchmaking (FIRM) expo at the Jamaica Pegasus Hotel, New Kingston.

PIOJ and DBJ Establish ‘FIRM’ Partnership

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

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 Minister Says ERP Continues to Yield Positive Outcomes

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11 years ago Finance & Public Service

Devaluation Of Dollar Offers Several Prospects

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the country stands to benefit from several opportunities, resulting from devaluation of the Jamaican dollar. Speaking at the recent monthly meeting of the Rotary Club of New Kingston at Chasers Café, St. Andrew, Dr. Phillips said there is potential for a “whole range of investment activity”, which was not previously...

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.

11 years ago Finance & Public Service

Technology-Driven System to Speed Up Customs Operations

Jamaica Customs Agency has launched a major, technology-driven system, aimed at streamlining and reducing the processes involved in cross-border import, export, and transshipment of goods. The Automated System for Customs Data (ASYCUDA), which is being implemented at a cost of US$4 million, is expected to speed up operations at the ports by fully automating export and import transactions. It allows...

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.

11 years ago Finance & Public Service

Jamaica Surpasses All IMF Targets for First Quarter

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says Jamaica surpassed all the critical targets under the Extended Fund Facility with the International Monetary Fund (IMF), at the end of the first quarter of the current fiscal year. Mr. Byles, who was addressing the EPOC’s monthly press briefing on August 14, reported significant performance in the country’s primary...

11 years ago 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...

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

11 years ago 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...

11 years ago 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...

11 years ago 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...