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...

Jamaica’s unemployment rate (LU1) was 5.4 per cent in January 2024, according to the Statistical Institute of Jamaica (STATIN) revised Labour Force Survey for the period. The revised Survey incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians. STATIN’s Deputy Director General, Leesha Delatie-Budair, presented the key indicators during Wednesday’s (July 17) Media Launch of the...

The Statistical Institute of Jamaica (STATIN) has introduced key changes to the Labour Force Survey (LFS). The new LFS incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians, commencing January 2024. STATIN Director General, Carol Coy, underscored that the revisions will ensure survey estimates accurately reflect the labour market. “STATIN’s primary objective in implementing these changes...

The Betting, Gaming and Lotteries Commission (BGLC) has advised that licensees are now required to pay a fee for the due diligence investigation (Personal Declaration Form 2 and 3), when renewing their Fit and Proper status. The change took effect on July 1 and will see licensees paying $5,000, which is the same cost paid to conduct the first investigation...

Efficiency in the public sector is being enhanced through the buildout of broadband infrastructure and upgrading of the eGov Data Centre. Finance Minister, Dr. the Hon. Nigel Clarke, made the declaration as he addressed the recent Caribbean Public Sector Financial Management Conference in Kingston, where he gave an update on gains made under the Public Sector Transformation Programme. He noted...

The Statistical Institute of Jamaica (STATIN) is reporting that the domestic economy grew by 1.4 per cent during the January to March 2024 quarter, relative to the corresponding period last year. According to STATIN’s quarterly Gross Domestic Product (GDP) Report, released on Monday (July 15), the out-turn for the review period was spurred by 1.9 per cent growth in the...