Deputy Financial Secretary in the Ministry of Finance and the Public Service, Wayne Jones, makes a presentation on public-sector transformation, at the opening of the fourth Organisation Development Transformation Conference, hosted by the Caribbean Centre for Organisation Development Excellence (CARI-CODE), at the Terra Nova All-Suite Hotel in St. Andrew on Wednesday (April 24). The two-day event was held under the...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has reaffirmed and underscored the significance of the incoming amendments to the Public Procurement Act 2015 and Regulations, which are aimed at enhancing the efficiency and effectiveness of the procurement process. Speaking on the opening day of the Elevate Procurement Conference at the Montego Bay Convention Centre in...

Bank of Jamaica’s (BOJ’s) recently introduced Automated Banking Machines (ABM) Service-Level Standards for deposit-taking institutions (DTIs), are consistent with the Government’s thrust to develop a robust and comprehensive market conduct and consumer protection framework for the financial sector. This framework will ensure that, in addition to prudential regulation of all financial institutions by one regulator, another will monitor the market...

Anticipation is high for Tuesday’s (April 23) start of the Ministry of Finance and the Public Service’s inaugural ‘Elevate Procurement Conference’, at the Montego Bay Convention Centre in St. James. The event will feature three days of exciting and engaging discussions and presentations by local and international experts, under the theme ‘Elevate: Innovate, Create’. Chief Procurement Policy Officer at the...

The Students’ Loan Bureau (SLB) plans to employ several initiatives to strengthen its customer engagement strategies for fiscal year 2024/25. These, the entity notes, include implementation of its loan management system by the first quarter of 2024/25, restructuring loans to facilitate lower monthly payments, and an expansion of product offerings to include certification and professional online programmes. This, according to...

The National Insurance Fund (NIF) plans to increase its net assets through the prudent management of the investment portfolio mix. As stated by the Ministry of Finance and the Public Service (MFPS) in the 2024/25 Jamaica Public Bodies’ Estimates of Revenue and Expenditure, the increase will be achieved through participation in opportunities that allow for the maximum growth potential and...

Tax Administration Jamaica (TAJ) has developed a technical advisory as part of the process of implementing the increased income tax threshold and pension and age exemptions announced by the Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, during his 2024/25 Budget Debate presentation in March. The first in a series of sensitisation sessions to discuss the...