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General Manager of the Urban Development Corporation (UDC), Desmond Malcolm, addresses a press conference held recently at the Montego Bay Convention Centre in St. James, to indicate the way forward for the organisation.

UDC Moves to Restore Financial Viability

The management of the Urban Development Corporation (UDC) is moving to contain operating expenses, as part of measures to improve the agency’s financial viability. General Manager of the Corporation, Desmond Malcolm, says coming out of an Auditor General’s report, which...

Communications Officer at Tax Administration Jamaica (TAJ), Leighton Beckles.

New Measures for TRN Application

Finance and Planning Minister, Dr. the Hon. Peter Phillips (left); and Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), listen as Head of the International Monetary Fund (IMF) Mission Team, Jan Kees Martijn, addresses journalists during a media briefing at the Ministry — Finance and Planning Minister, Dr. the Hon. Peter Phillips (left); and Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), listen as Head of the International Monetary Fund (IMF) Mission Team, Jan Kees Martijn, addresses journalists during a media briefing at the Ministry's National Heroes Circle offices in Kingston, on May 21, where an update was provided on the latest visit by the delegation. The members have been in island over the past week for talks with government officials on the progress of the IMF-funded economic reform programme being implemented by the administration.

Finance Minister Reassures

IMF Appoints New Rep for Jamaica

IMF Appoints New Rep for Jamaica

Newly appointed Director General, Planning Institute of Jamaica (PIOJ), Colin Bullock, addressing journalists at the Institute’s quarterly media briefing, held at the agency’s New Kingston offices on May 22.

PIOJ Head says Multi-Billion Projects will Contribute to Growth Projections

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13 years ago Finance & Public Service

Tax Administrators Urged to Avoid Corruption

Director General in the Ministry of Finance and Planning, Diane McIntosh, is advising Tax Auditors/Revenue Administrators not to allow themselves to be corrupted by persons trying to evade the tax system. “I want to impress upon you not to let yourself be deceived and facilitate them. Corruption in the tax system is counter-productive to the objective of collecting the required...

13 years ago Finance & Public Service

Minister of Finance in Europe for Talks with Financial Institutions

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, is leading a delegation in Europe, where he is slated to engage in a series of meetings with financial institutions. The talks are intended to apprise agents in the international capital markets of developments on the government’s economic reform programme and the growth agenda. This was disclosed by Minister with...

13 years ago Finance & Public ServiceInformation

JADCO Gets $16 Million to Increase Testing of Athletes

The Government has set aside more than $16 million for the Jamaica Anti-doping Commission (JADCO) to conduct in and out of competition testing and public education programmes. This was disclosed by Minister with responsibility for Sport, Hon. Natalie Neita Headley, while making her contribution to the 2013/14 Sectoral Debate in the House of Representatives on Wednesday, June 5. She said...

13 years ago Finance & Public Service

Tax Administration Seeks to Increase Compliance

Tax Administration Jamaica (TAJ) will be embarking on a behaviour change campaign aimed at getting more Jamaicans to pay their taxes. Communications Officer at TAJ, Leighton Beckles, made the disclosure to JIS News during a recent interview. The aim is to increase compliance through moral suasion. “What we intend to do is embark on a campaign, where we are winning...

13 years ago Finance & Public Service

Trade Deficit Narrows

Jamaica’s trade deficit narrowed by 0.3 per cent at the start of the year to US$401 million. The figure represents a US$1.2 million improvement over the US$402.2 million recorded for the corresponding period in January 2012. In terms of trade within the CARICOM region, the deficit was reduced by US$11.2 million or 18 per cent to US$51 million, down from...

13 years ago Finance & Public Service

Law Passed to Facilitate FID Membership in Egmont Group

An Act to facilitate the Financial Investigations Division (FID) membership in the Egmont Group was passed in the House of Representatives on May 28. The Egmont Group provides a forum for Financial Intelligence Units (FIUs) globally, to improve cooperation in the fight against money laundering and terrorism financing; and to foster the implementation of domestic programmes in this regard. In...

13 years ago Finance & Public Service

Jamaica Mortgage Bank to Finance 4,000 Housing Solutions

The Jamaica Mortgage Bank (JMB) intends to finance over 4,000 housing solutions under its Construction Financing Programme over the next five years. Minister with responsibility for Housing, Hon. Dr. Morais Guy, made the announcement on May 21, during his contribution to the 2013/14 Sectoral Debate in Gordon House. He informed that as at April 2013, the JMB has nine projects...