As part of efforts to increase the use of renewables in the country, the Government is providing income-tax credit to individuals who acquire and install a solar photovoltaic system at their primary place of residence. The Senate, on Friday (July 26), approved the Income Tax (Amendment) Act, 2024, which sets out the appropriate legal framework that will allow individuals to...

Minister of Legal and Constitutional Affairs, Hon. Marlene Malahoo Forte, greets United Nations Resident Coordinator in Jamaica, Dennis Zulu (left), during his courtesy call at Jamaica House on Wednesday (July 24). Also pictured is Permanent Secretary in the Ministry, Wayne Robertson. 

Pensioners in need of financial assistance can benefit from a one-off payment of $150,000 under the Pension Relief Fund. The Fund, which is managed b by the Ministry of Finance and the Public Service, is designed to provide additional support to retired individuals who are in receipt of a pension or receive gratuity from the Accountant General’s Department. Manager of...

The Government plans to tap $5 billion from its disaster risk financing resources to address the immediate relief and recovery efforts related to Hurricane Beryl. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure during a Statement to the House of Representatives on Tuesday (July 23). “We plan to disburse $1.3 billion to the...

Jamaica and the World Bank will be collaborating over the next three to four years to implement programmes and initiatives across ministries to develop and upskill the country’s human capital. The initiatives, which aim to accelerate Jamaica’s pace of development, will be carried out under the Jamaica-Country Partnership Framework (CPF) 2024 to 2027. Speaking at a recent World Bank country...

The Statistical Institute of Jamaica (STATIN) is reporting that the inflation rate for June 2024 was 1.1 per cent. STATIN’s Deputy Director General, Leesha Delatie-Budair, presented the key indicators during Wednesday’s (July 17) media launch of the Revised Labour Force Survey and Press Briefing, held at The Jamaica Pegasus hotel in New Kingston. The All-Jamaica Consumer Price Index (CPI) increased...

Jamaica’s hospitality industry was positively impacted by notable growth out-turns recorded in several allied subsectors during the January to March 2024 quarter. The Statistical Institute of Jamaica (STATIN) reports that increased foreign national arrivals and passenger movements through the island’s major international airports were pivotal in generating expansion of several Services Industry subsectors during the period. According to STATIN’s Gross...