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KINGSTON — Minister of Finance, Hon. Audley Shaw, has informed that the Government is currently evaluating firm offers for the divestment of Clarendon Alumina Production Limited (CAP). "I should indicate that the early divestment of CAP would result in a positive improvement on the public body’s balances, should that be accomplished within this fiscal year,” Mr. Shaw said. The Minister...

KINGSTON — Minister of Finance, Hon. Audley Shaw, says now that economic stability has been secured, the productive sector must increase efforts to grow the economy through investment, enhanced productivity and innovation. Mr. Shaw, who was addressing the 3rd Financial Services Commission Expo, at the Jamaica Pegasus Hotel, New Kingston on Thursday, September 8, said that with the realization of...

KINGSTON — This week's debate on the First Supplementary Estimate for 2011/12 has been postponed until Thursday September 8. The Estimates were tabled by Minister of Finance, the Hon Audley Shaw, in the House of Representatives on Tuesday, August 30, and should have been debated Wednesday September 7, as the Government seeks to complete the process prior to the International...

KINGSTON — Trade Unionist, Sir Leroy Trotman, has emphasised  that tripartite social dialogue is a critical component in establishing a partnership in the "real economy" for wealth creation and sustainability. The real economy, he explained, is made up of  Government, employers, workers and workers' representatives. Sir  Leroy, a Barbadian, was making his presentation at a  seminar hosted by the Public...

KINGSTON — The development of strategies to protect domestic workers' rights, and the creation of a gender-sensitive checklist, which will provide recognition, and labour and social protection for these workers, are high on the agenda of policy makers, representatives of expert organisations and civil society from across the world, who are now engaged in a two-day conference in Kingston. Participants...

KINGSTON — A major step towards a strategy critical to discussions with the International Monetary Fund (IMF) on the current Standby Agreement (SBA) was how Financial Secretary, Dr Wesley Hughes, described a two-day Public Sector Monitoring Committee Seminar which opened at the Jamaica Conference Centre, downtown Kingston, on Tuesday September 6. Dr. Hughes reiterated that the last completed IMF review...

KINGSTON — Government is offering food exporters a special loan of $100 million and  general assistance, to bring their operations up to standard to meet the new United States (US) Food and Drug Administration (FDA) requirements, which take effect in January, 2012. Making the announcement at a press conference at the Ministry, in New Kingston, on September 6, Minister of...

Focus will be placed on the vulnerability of migrant domestic workers when a two-day Global Forum on Migration and Development (GFMD) is convened in Jamaica, beginning Wednesday, September 7, 2011 at the Jamaica Conference Centre, under the theme: Domestic Care Workers at the Interface of Migration and Development: Action to Expand Good Practice. Hosted by the Planning Institute of Jamaica...

KINGSTON — The FINSAC Commission of Enquiry is expected to recall former Minister of Finance and Planning, Dr. Omar Davies, when it resumes sitting. This was confirmed Thursday September 1 by the Secretary to the Commission and former Deputy Governor of the Bank of Jamaica, Fernando DePeralto, who indicated in an interview with the Jamaica Information Service (JIS) that the...

Between January and June this year, major crimes in Jamaica (murder, shooting, rape, carnal abuse, robbery, break-ins and larceny) declined by 12.6 percent, compared to the similar period in 2010. One hundred and eighty nine (189) major crimes per 100,000 Jamaicans were committed over the period, down from 216 per 100,000 over the corresponding period in 2010. The murder rate...

KINGSTON — The proposed reformation of  the tax policy and its administration by the Government is expected to significantly enhance the convenience with which business is facilitated, thereby resulting in increased investments and other economic boosting activities by local and foreign interests. Commissioner General, Viralee Bailey Latibeaudiere, of Tax Administration Jamaica (TAJ), which has responsibility for the administration of the...

KINGSTON — The Jamaica Stock Exchange (JSE) widely regarded as a critical barometer of investor confidence, recorded increases in all its indices for the June 2011 quarter, relative to the previous quarter and for the similar period last year. Data contained in the latest Quarterly Monetary Policy Report (QMPR) of the Bank of Jamaica (BoJ) indicated that except for the...