Finance & Public Service – Page 337 – Jamaica Information Service

16 years ago Finance & Public Service

Shaw says Banks Failure to Reduce Interest Rates is Glaring

Minister of Finance and the Public Service, Hon. Audley Shaw, says that while the reluctance of commercial banks to reduce interest rates is nothing new, the situation is most glaring this time around. Reiterating his concern about the unwillingness of the financial institutions to adjust lending rates, despite the new interest rate environment, Mr. Shaw said the practice has been...

16 years ago Finance & Public Service

$500M Development Road for Manchester, Under JDIP

A major road, the Christiana Development Road, is to be constructed in Manchester under the Jamaica Development Infrastructure Programme (JDIP), at a cost US$6 million (approximately J$500 million). Making the announcement at the Manchester launch of the JDIP on Thursday September 9, Minister of Finance and the Public Service, Hon. Audley Shaw, said it will ease traffic in the town...

16 years ago Finance & Public Service

Time to Focus on Production and Investment to Stimulate Growth – Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw says with the economy now stabilised, it is time to focus on issues of productivity, production, savings and investment in order to stimulate further growth. Speaking at the 11th annual Shirley Playfair Lecture at the Jamaica Pegasus Hotel, in New Kingston, on September 9, Mr. Shaw said that critical to...

16 years ago Finance & Public Service

3^rd Quarter Estimated Income Tax Payments Due Sept 15

Companies and self-employed persons are reminded that Wednesday, September 15 is the due date to pay their 3rd quarter estimated income tax for 2010 and also that the Tax Administration has introduced an online payment option to make it easier to do so. Business persons are now able to log on to the Tax Portal at www.jamaicatax-online.gov.jm from the convenience...

16 years ago EducationFinance & Public Service

SLB Processes 10,000 Applications for Tertiary Students

At the beginning of the 2010/11 academic year, the Students' Loan Bureau (SLB) has processed some 10,000 loan applications for tertiary level students, of which only six are yet to be approved. This conforms to the approval rate of up to 98 per cent in the recent past. This update was provided to JIS News by the SLB, at the...

16 years ago Finance & Public Service

Finance Minister Urges Banks to Drive Entrepreneurship

Minister of Finance and the Public Service, Hon. Audley Shaw, has charged commercial banks to be the driving force behind the growth of the entrepreneurial sector. Minister Shaw noted during a press conference at the Ministry in Kingston on August 27, that small businesses want to invest, but the commercial banking sector "has to be the mainframe behind how we...

16 years ago Finance & Public ServiceForeign Affairs

IMF Says Jamaica Met All Quarterly Performance Targets

"An IMF team visited Kingston during August 18-27 to conduct the second review of the economic programme under the Stand-By Arrangement (SBA) approved by the Fund's Executive Board on February 4, 2010. International Monetary Fund (IMF) Mission Chief in Jamaica, Trevor Alleyne(left), being greeted by Minister of Finance and the Public Service, the Hon Audley Shaw, at a press briefing...

16 years ago Finance & Public Service

Jamaica Passes Second IMF Quarterly Test

Jamaica has again met the performance targets under the International Monetary Fund's (IMF) Stand-By Arrangement (SBA), the Fund's Mission Chief to Jamaica, Dr. Trevor Alleyne, announced Friday (August 27). Minister of Finance and the Public Service, Hon. Audley Shaw speaking at a press conference held at the Ministry in Kingston, today (August 27), to discuss the results of the IMF's...

16 years ago Finance & Public Service

PIOJ Projects One Per Cent Growth During Current Quarter

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, says the economy is projected to record real growth in the gross domestic product (GDP) of between 0.0 and 1.0 per cent, during the July to September quarter. The projection is primarily based on what he describes as the "positive impact", which the anticipated recovery in the global...

16 years ago Finance & Public ServiceOffice of the Prime Minister

Banks Must Find Innovative Ways to Earn Profits – PM

Prime Minister, the Hon. Bruce Golding is urging bankers to find innovative ways of earning profits or recovering losses, instead of imposing exorbitant banking fees and interest rates on customers. Mr. Golding said he was not suggesting that charges be reduced arbitrarily, but "it is not going to be acceptable to the consumers of banking services simply for banks to...

16 years ago Finance & Public Service

Jamaica gets Support for Debt Reduction Programme

The Government's debt reduction programme, and the sugar industry have been boosted with $4 billion in budget support, from the European Union (EU). Of the total, some $2.7 billion has been approved for the Debt Reduction and Growth Enhancement Programme (DRGEP), while $1.3 billion will go towards support for the sugar sector. Speaking at the handing over ceremony, today (August...

16 years ago Finance & Public ServiceMining

PIOJ says Mining/Quarrying were best Performers for April-June Quarter

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, has disclosed that mining and quarrying was the best performing sector during the April to June quarter, recording growth of 4.3 per cent, He said that the sector was the only area within the Goods Producing Industry that recorded growth over the period. The Industry - which also...