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KINGSTON — The Bank of Jamaica (BOJ), in its latest report on remittances, said that during the month of August, total remittance inflows were US$174.6 million, an improvement of US$17.8 million or 11.4 per cent over the corresponding period last year. Net remittances for the month, after accounting for outflows, were US$148.9 million, which represented an improvement of US$15.0 million...

Senior Advisor in the Public Sector Establishment Division of the Cabinet Office, Wayne Jones, has underscored the importance of civil servants, at all levels, having an understanding of their roles and responsibilities in the delivery of public services. This, he contends, is necessary within the context of the transformation process currently being effected within the public sector. Speaking at the...

KINGSTON — Minister of Finance, Hon. Audley Shaw, says his Ministry is having discussions with the Inter-American Development Bank (IDB), on structural benchmarks identified by the Government to strengthen the economy and increase its competitiveness. Speaking at the launch of Jamaica’s National Aid for Trade Strategy on Thursday (October 27), Mr. Shaw said these areas include tax, pension and public...

KINGSTON — Discussions aimed at informing the implementation of the tax reform measures in early 2012, is gathering momentum. On Wednesday, October 26, the Planning Institute of Jamaica (PIOJ) and the University of Technology (UTech) staged a panel discussion on Tax Reform, at the University Campus, in Kingston, with special focus on the proposals outlined in the Green Paper on...

The Governor General will swear-in the first two Cabinet Ministers of the Government of Prime Minister, Andrew Holness, this afternoon, (Oct 24) at 1:00p.m. at Kings House. Mr. Audley Shaw will be sworn-in as Minister of Finance and Senator Dwight Nelson will be sworn-in as Minister of National Security. Both are retaining portfolio responsibilities.

KINGSTON — Governor of the Bank of Jamaica, Brian Wynter, is batting for a strong and independent Central Bank to achieve the goals important to the Jamaican economy. Governor Wynter, keynote speaker at the recent 12th Annual Sir Arthur Lewis Institute ofSocial and Economic Studies (SALISES) Conference, at the University of the West Indies (UWI), Mona, described an autonomous central...

MONTEGO BAY — The Debt Management Branch of the Ministry of Finance, formerly known as the Debt Management Unit, is undergoing comprehensive overhaul. According to Portfolio Minister, Hon. Audley Shaw, the necessary changes, to allow for additional specialists and software tools, among other things, were in keeping with the fiscal responsibility structure put in place by the Government. “We have...

MONTEGO BAY — Minister of Finance, Hon. Audley Shaw, has expressed support for the formation of an Association of Debt Managers in the Caribbean, noting that nine of the most heavily indebted countries in the world are in the region. Addressing the seventh annual meeting of  the Group of Latin American and Caribbean Debt Management Specialists,  held on  October 19,...

KINGSTON — The Bank of Jamaica's (BoJ) role in ensuring financial stability is to be significantly strengthened through the establishment of a dedicated body, the Financial System Stability Committee. This decision, which has received Cabinet approval, was disclosed by BoJ Governor, Brian Wynter, during a recent presentation to the Institute of Chartered Accountants of Jamaica (ICAJ). Mr. Wynter explained that...

A new way of thinking and a shared set of core values are needed to transform the public sector, which will foster the creation of a world class public service with a reputation for excellence. This was stated by Minister without Portfolio in the Office of the Prime Minister with responsibility for the Public Service, Senator the Hon. Arthur Williams,...

Minister of Finance Audley Shaw has been taken to seek medical attention after feeling ill during cabinet meeting this morning. Minister Shaw has been suffering from flu-like symptoms over the past few days. Information Minister Daryl Vaz  says  that  a preliminary  diagnosis  indicates that Minister Shaw’s symptoms could develop  into  an ear infection which  can  cause  vertigo- a condition that results in  giddiness and...

KINGSTON — Despite challenges, the Jamaican economy is in the midst of a transition to enduring macroeconomic stability, low interest rates and sustained growth. This was emphasized by the Governor of the Bank of Jamaica (BoJ), Brian Wynter, during a presentation to the recent economic forum staged by the Institute of Chartered Accountants of Jamaica (ICAJ).    In a detailed...