Jamaica is advancing Science, Technology, Engineering and Mathematics (STEM) education with full scholarships valued at $2.5 billion for 1,250 new student-teachers at The Mico University College. Speaking at the launch of the scholarships, today (June 29), at the Courtyard by Marriott Hotel in New Kingston, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the Government...

The Ministry of Finance and the Public Service, through the Students’ Loan Bureau (SLB), will be providing 2,250 scholarships to boost the country’s capacity in Science, Technology, Engineering and Mathematics (STEM) over the next five years. On Thursday (June 29), the STEM Scholarship Programme will be launched, through which full tuition scholarships will be granted to some 1,250 new student-teachers...

Jamaica generated US$325.4 million in export earnings for the first two months of the year. The sum represents a 54.6 per cent increase on the US$210.4 million earned for January and February 2022. The Statistical Institute of Jamaica (STATIN), in a statement on Monday (June 26), indicated that the growth was primarily due to a 133.1 per cent increase in...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government is working to reduce Jamaica’s climatic vulnerability by instituting a “suite of financial instruments that can pay out in the event of a natural disaster”. He noted that Jamaica became the first small country globally to independently sponsor a catastrophe bond that provides fiscal resources...

Tax Administration Jamaica (TAJ) wishes to advise that the Montego Bay Revenue Service Centre (MBRSC) will reopen for limited business (8:30 a.m. – 12:00 p.m.) tomorrow, Tuesday, June 20, 2023, until further notice. These limited services include: • Collections (cashiering services) • Renewal of Drivers' Licence • Substitute Driver's Licence • Provisional Driver's Licence • New Driver's Licence • Collection...

The quantity of paper-based banknotes now in circulation is expected to be gradually reduced over at least the next 12 to 24 months. This, as the Bank of Jamaica (BOJ) undertakes phased disbursement of the new Polymer replacement versions. BOJ Governor, Richard Byles, told JIS News that persons will be able to conduct transactions using the existing banknotes alongside the...

Bank of Jamaica (BOJ) Governor, Richard Byles (left), examines features on the new $5,000 note, being highlighted by BOJ Division Chief for Banking and Currency Operations, Chevanese Morais.