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KINGSTON — Mining and quarrying saw the most growth of all sectors in the economy during the July to September quarter of 2011, with an increase of 7.5 per cent. This growth contributed to the economy growing by 0.5 per cent for the quarter under review. It is also projected that the economy will grow by between 1 per cent...

KINGSTON — Minister with responsibility for the Public Service and Information, Senator the Hon. Arthur Williams, is encouraging civil servants to continue being the driving force for national development. In his message, read by Director, Strategic Support Unit, Cabinet Office, Sharona King, at the official launch of Civil Service Week 2011 on November 21, at the Ministry of Finance and...

The classical definition of a Civil Servant is an official who carries out functions of government under the direction and supervision of the head of government (Rahman 1998, 2). Excluded in this definition are employees of state-owned enterprises, the army, teachers, the judiciary and the police who, together with civil servants, collectively constitute the public sector. The Government of Jamaica...

Every year, the third week of November is used to observe and acknowledge the hard work done by civil servants towards nation building. As Minister with portfolio responsibility for the Public Service, I want to commend the men and women working in the service for their professionalism, commitment and dedication to serving the people of this country. This year we...

KINGSTON — The main objective of tax reform in Jamaica should be to stimulate economic activity, to achieve economic growth. The proposition was offered by the Caribbean Policy Research Institute (CaPRI), in its presentation to the third hearing of the Committee on Tax Measures for the 2011/12 session of Parliament, on Wednesday, November 16. The Institute's Research Officer, Anika Kiddoe,...

The Management Institute for National Development (MIND) is encouraging all Jamaicans to support the goals of the Public Sector Transformation process. In an interview with JIS News, Director of Business Development and Communication, Glynis Salmon, said participation from a wide cross section of society will assist the government in charting the way forward for the public sector. She stated that...

KINGSTON — The Student Loan Bureau (SLB) continues to provide financing for tertiary education, approving $9.8 billion in loans in 2010. Prime Minister, Hon. Andrew Holness, said the figure, which represents an increase over the $4 billion approved in 2000, indicates that the SLB loan applications and approval process continues to grow. He was responding to a private members motion...

Prime Minister and Minister of Education, the Hon. Andrew Holness said part of the transformation of the economy has to be done through transforming the education system. He noted that the transformation by his Administration will involve making the education system more efficient and equitable in the coming year. The Prime Minister was speaking at yesterday's sitting of Parliament at the...

KINGSTON — The Bank of Jamaica (BoJ) is attributing the prevailing stable economic conditions to the Government's macro-economic policies, which have slowed inflation and brought stability to the exchange rate. Head of the BoJ’s Research and Economic Programming Division, Dr. Wayne Robinson, points to a significant slowing in the depreciation of the exchange rate to a mere 0.5 per cent...

KINGSTON — Speculation about the date of the next General Election could add to the uncertainties created by the International Monetary Fund's (IMF) delay in reviewing the medium-term economic programme, says Governor of the Bank of Jamaica, Brian Wynter. Mr. Wynter was speaking at a media briefing to present the Monetary Policy Report for the July–September 2011 quarter at the...

KINGSTON — The cost of living pressure is likely to continue to ease during the December 2011 quarter, with inflation projected to be in the range of 1.0 per cent to 2.0 per cent, while economic growth could accelerate during the period. Presenting the latest Quarterly Monetary Policy Report, for the period ending September 30, Governor of the Bank of...

KINGSTON — The Bank of Jamaica's (BoJ) policy rate, which is the interest rate payable on 30-day certificates of deposit, was reduced by 50 basis points to 6.5 per cent at the end of September. BoJ Governor, Brian Wynter, in giving a review of the country's monetary performance for the September 2011 quarter at the Bank's Nethersole Place headquarters downtown...