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The recently released remittance report by the Bank of Jamaica (BOJ), indicated that for the first eight months of the 2011/12 fiscal year (April to November), total remittance inflows were US$1,342.7 million, representing an increase of US$86.4 million or 6.9 per cent over the corresponding period of the preceding fiscal year. According to the report, dated January 27, 2012, the...

Minister of Finance, Planning and the Public Service, Dr. the Hon. Peter Phillips, has assured members of the diplomatic corps of the Government’s commitment to economic reform, fiscal prudence, and the facilitation of  business in order to stimulate economic growth, reduce debt, and satisfy the aspirations of Jamaicans. In his first presentation to the diplomats this yesterday (Feb. 1) at...

A US$9.5 million grant to assist with poverty reduction and the achievement of the Millennium Development Goals; environmental sustainability and energy security; and democratic governance, has been secured by the Government from the United Nations Development Programme (UNDP). The agreement was formalised by Director General, Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, who signed on behalf of the Government,...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, has announced that probate reform, which aims to mobilise private and public assets, deemed under-utilised, is expected to come on stream within the next few months. Speaking on the final day of the Jamaica Stock Exchange’s (JSE) seventh Investments and Capital Markets Conference at the Jamaica Pegasus Hotel,...

The Government will consider a number of options, including a Staff Monitored Programme, during the upcoming negotiations with the International Monetary Fund (IMF) for a new agreement. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Peter Phillips, during an interview with JIS News, Thursday Jan. 26. “Nothing is off the table, except that we...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, has underscored the Government’s commitment to urgently address the unwieldy public sector bureaucracy, and is prepared to include performance benchmarks in future agreements with the International Monetary Fund (IMF). He was addressing the Jamaica Stock Exchange’s (JSE) 7th Regional Investments and Capital Markets Conference on January 25, at...

Tax Administration Jamaica (TAJ) is reminding all companies, organisations, self-employed persons, including professionals and entertainers, as well as employed persons with additional sources of income that March 15 is the due date to file their Final Income Tax Return for 2011 and a Declaration of Estimated Income and Tax Payable for 2012.  For added convenience to file and pay, persons...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, has said the Government wants to enter into a new agreement with the International Monetary Fund (IMF) in the shortest possible time. “These negotiations are going to be tough. But based on the discussions, I can say we know what we have to do to get discussions about...

The equities (stock) market will be supported as a critical element in the Government's drive to stimulate investments and promote the private sector as the engine of economic growth and development. This was stated by Minister of Finance, Planning and the Public Service, Hon. Dr Peter Phillips, as he addressed the Jamaica Stock Exchange’s (JSE) 7th Regional Investments and Capital...

Minister without Portfolio in the Ministry of Finance, Planning and the Public Service, Hon. Horace Dalley, says the Government is committed to creating equality among clients of the Customs department. “The same treatment that is given to (large companies)…must be given to that little woman who is pulling those four boxes through to feed 40 mouths. The playing field must...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, has called on the private sector to be more pro-active in acquiring domestic assets,  particularly  public entities earmarked for divestment. Addressing the Private Sector Organisation of Jamaica (PSOJ) Chairman’s Club Forum, at the Jamaica Pegasus Hotel, in Kingston, Tuesday Jan. 24, the Minister advised private sector leaders and...

The just concluded five-day preliminary talks between the Government and the International Monetary Fund (IMF) have resulted in greater understanding of the priorities of the administration, and provided an updated assessment of the country’s current economic position, setting the stage for early negotiations of a new Fund programme. This was stated by Finance, Planning and the Public Service Minister, Hon....