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KINGSTON — Signing of an agreement between the Ministry of Finance and the Public Service and unions representing Government workers has been postponed. The agreement was scheduled to be signed Friday (June 24) at Jamaica House, but Prime Minister Bruce Golding, who returned from a one week vacation Thursday (June 22), has advised that the signing has been deferred. He...

KINGSTON — The FINSAC Commission of Enquiry has rejected the request for the appearance of former Prime Minister, the Most Hon P.J. Patterson, but has written former Minister of Water and Housing, Dr. Karl Blythe, asking his participation. Both requests were made by attorney Anthony Levy, who represents Thermo Plastics Jamaica Limited/Plas Pak former managing director, Jean Michael Desulme. Chairman...

KINGSTON — Four of the nine public sector groups engaged in negotiation with the Government on implementation of the delayed seven percent pay increase, and the retroactive payments, have agreed to the Government’s latest offers for a settlement. This was revealed in a press release issued Monday by the Ministry of Finance and the Public Service. According to the release...

Jamaica’s Minister of Finance and the Public Service the Hon. Audley Shaw met with his Chinese counterpart Finance Minister His Excellency Xie Xuren on Monday, June 20 in Beijing. The Ministers engaged in a wide-ranging exchange of views on bilateral economic and financial issues. Commenting on the increasing number of high-level visits taking place between Chinese and Jamaica officials, Minister...

MANDEVILLE — Minister of Finance and the Public Service, Hon. Audley Shaw says the town of Christiana serves major sections of four parishes where people do their business transactions, making the new development road a very necessary project. "Christiana is of strategic importance as not only the second largest town in the parish of Manchester, second to Mandeville, it is...

KINGSTON — Jamaica has a good shot at success as an International Financial Centre (IFC), Chairman of the Jamaica International Financial Services Authority (JIFSA), Eric Crawford, told the Diaspora Convention in Ocho Rios, Thursday June 16. “It’s a very high value added industry everywhere it exists. In fact, the wealthiest economies in the world are international financial centres, and Jamaica...

OCHO RIOS — Minister of Finance and the Public Service, Hon. Audley Shaw has called on members of the Jamaican Diaspora to join with the government to further drive the economic and social development of the country. Mr. Shaw said with the country’s economy stabilised, it is time for the Diaspora to think of ways it can assist the government...

KINGSTON — Former Century National boss, Don Crawford, Tuesday June 7 blamed orchestrated threats against his life for his exile in the United States since 1996. Mr. Crawford claimed that he was cheated and fraudulently robbed of all his assets, and forced into involuntary exile because of the threats. “By all intents and purposes, were it not for God, I...

KINGSTON — Governor of the Bank of Jamaica, Brian Wynter has said that Jamaica is going through a period of "remarkable change," with the values of fiscal discipline and accountability being strengthened. He noted that these are now being embedded in law and practice. “Laws have actually been passed. This is the first fiscal year in which the new methods...

Prime Minister, Hon. Bruce Golding (2nd right), has the full attention of  Deputy Managing Director of the International Monetary Fund (IMF), Naoyuki Shinohara (2nd left), during a meeting this morning (June 6) at the IMF headquarters in Washington DC. Also participating in the talks (seated from left) are: IMF Deputy Director, Gilbert Terrier; IMF Mission Chief, Trevor Alleyne; Assistant IMF...

KINGSTON — Minister of Finance and the Public Service, Hon Audley Shaw, says his Ministry is taking steps to generate competition among financial institutions, particularly commercial banks, to induce interest rate reductions. This is against the background of “record low’ interest rates of 6.75 per cent currently offered at the Bank of Jamaica (BoJ), Mr. Shaw said, while reiterating his...

KINGSTON — Minister of Finance and the Public Service, Hon. Audley Shaw, says the revision of the import tax regime will bring the cost of new motor vehicles within the reach of most Jamaicans. Opening the 2011/12 Budget Debate in the House of Representatives April 28, Mr. Shaw had announced that the Common External Tariff (CET) applicable to motor cars,...