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...

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...

The Betting, Gaming and Lotteries Commission (BGLC) has established an Education Fund as part of its Corporate Social Responsibility Programme, as it prepares to move its offices from Ruthven Road to Hagley Park Road in Kingston. The aim of the Fund is to contribute to the welfare of children through education and ultimately assist in their upliftment. To this end,...

Bank of Jamaica Governor, Brian Wynter, says that economic recovery continued in the June quarter, with real activity estimated to have expanded in the range of one to two per cent during the period. Mr. Wynter, who was addressing the quarterly press briefing at his Nethersole Place offices downtown Kingston on Monday, August 25, said that this represents the fourth...

The impact of drought conditions on the prices of agricultural produce should be reversed by year-end. This is according to Bank of Jamaica (BoJ) Governor, Brian Wynter, who was addressing the BoJ’s quarterly media briefing held on August 25 at the Bank’s downtown Kingston offices. “This view is underpinned by the assessment that most of the crops that were affected...

Governor of the Bank of Jamaica (BoJ), Brian Wynter, is reporting that despite significant economic shocks over the past two years, inflation remains in single-digit, at 8 per cent, and has trended down between September last year and the end of June this year. This, he said, has resulted from the transformation taking place under the Government’s economic reform programme...

Jamaica seems set to receive approval for draw down of SDR 45.95 million (US$71 million) from the International Monetary Fund (IMF). This follows a successful fifth Staff Review of the country’s performance under the four-year Extended Fund Facility (EFF), which was conducted from August 12 to 22. The IMF mission assessed the performance for the quarter ending June 2014 and...