The Bank of Jamaica (BOJ) is holding consultations with key stakeholders on the Twin Peaks Model of Financial Regulation and Supervision as part of the implementation of a practice period, prior to the passage of supporting legislation. These talks are being held with several groups, including the Insurance Association of Jamaica (IAJ), Jamaica Bankers Association (JBA), Jamaica Securities Dealers Association...

Vulnerable Jamaicans who were affected during the passage of Hurricane Beryl are to receive cash grants, through a US$1.4-million United Nations World Food Programme initiative. Minister of Labour and Social Security, Hon. Pearnel Charles Jr., made the disclosure during Tuesday’s (September 10) post-Cabinet press briefing at Jamaica House. “Through a collaboration with the World Food Programme, there will be an...

Tax Administration Jamaica (TAJ) is reminding business persons that their 3rd quarter Estimated Corporate Income Tax and Self-employed Statutory Payments, that would usually be due on September 15, are instead due on Monday, September 16, 2024. This is as result of the 15th of the month occurring on the weekend. These include: • Estimated Corporate Income Tax (3rd quarter) •...

The Public Procurement Commission (PPC) is delighted to announce the appointment of Mr Milverton Reynolds, CD, as the new Chairman of the Commission, effective July 5, 2024. Mr Reynolds brings a wealth of experience and a distinguished career in public service to this role. With a strong background in finance and governance, he is well-positioned to lead the PPC in...

Jamaica’s economy expanded by an estimated 0.1 per cent during the April to June 2024 quarter, compared to the corresponding period last year. Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, presented the preliminary findings during the agency’s quarterly media briefing on Wednesday (September 4), shedding light on the various factors influencing the nation's economic trajectory....

The Government of Jamaica and the International Finance Corporation (IFC) are partnering to deliver a portfolio of infrastructural projects, valued approximately US$2 billion. The partnership was formalised during a Memorandum of Understanding (MOU) signing ceremony at the Ministry of Finance and the Public Service in Kingston on Tuesday (September 3). With the IFC serving as Jamaica’s advisor on Public-Private Partnerships...

Chief Executive Officer (CEO) of the Jamaica Customs Agency (JCA), Velma Ricketts Walker, says the JCA has instituted several mechanisms and implemented several strategic initiatives that have further heralded the entity’s modernisation and transformation agenda. This, she said, is underpinned by the World Customs Organization (WCO) Revised Arusha Declaration, the leading guiding principles for integrity development within customs administrations. Mrs....