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Minister without Portfolio in the Ministry of Finance and the Public Service, Senator the Hon. Don Wehby, says the Government may have to enter into a standby facility with the International Monetary Fund (IMF), in order to fulfill the country's balance of payments, if the current global economic downturn persists. Noting that the public debt currently totals just over $1...

Minister of Finance and the Public Service, Hon. Audley Shaw, leaves the island today (May 12), for the United Kingdom (UK), where he will headline the list of speakers for this year's 'Outlook for the Future', a series of economic forums, hosted by the Jamaica National Building Society (JNBS), under the theme: 'The Economic Imperatives for Jamaica 2009'. The forums,...

There should be no increase in the retail prices of alcoholic beverages produced by J. Wray & Nephew Limited, Jamaica's premier producer, despite the increases in the Special Consumption Tax (SCT) announced in Parliament on May 6 by Minister of Finance and the Public Service, Hon. Audley Shaw. Mr. Shaw said that the reversal of Government's decision to impose General...

The Jamaica Civil Service Association (JCSA), which represents thousands of civil servants, celebrated its 90th anniversary, with a church service on Sunday (May 3). President of the JCSA, Wayne Jones, in an address at the Ridgemount United Church, Mandeville, read on his behalf by Chairman of the JCSA's Manchester Chapter, Tyrone Foster, said that as the organisation enters the period...

Minister of Finance and the Public Service - the Honourable Audley Shaw, along with Minister of National Security - Senator the Honourable Dwight Nelson, Minister of Labour and Social Security, the Honourable Pearnel Charles and Minister of State, Ministry of Finance and the Public Service, Senator the Honourable Arthur Williams, met with the chairmen of the following Associations: Assistant Commandant...

Minister of Finance and the Public Service, Hon. Audley Shaw, today (Wednesday, May 6) announced a reversal of Government's decision to impose General Consumption Tax (GCT) on imported printed material, salt, rolled oats, syrup, fish soup, cock soup, noodle soups, motor spirit and lubricating oils for commercial fishing. The reversals will cost the Government $2 billion in revenues, but the...

The Government is to pursue discussions with private sector stakeholders, with a view to establishing a jointly owned investment lending institution to assist businesses having difficulties in securing loans from traditional banks, or the Development Bank of Jamaica (DBJ). Prime Minister Bruce Golding told the House of Representatives on Tuesday (May 5), that Minister without Portfolio in the Ministry of...

The Commission appointed by the Government to review the 1990s financial sector collapse, which led to the creation of the Financial Sector Adjustment Company(FINSAC), will start meeting on July 1. Minister of Finance and the Public Service Hon. Audley Shaw, made the announcement today (Wednesday May 6) as he closed the 2009/2010 Budget debate at Gordon House. Mr. Shaw also...

Minister of Finance and the Public Service Hon. Audley Shaw, is expected to clarify issues surrounding the imposition of General Consumption Tax (GCT) on computers and books today (May 6) when he closes the 2009/10 Budget Debate at Gordon House. Prime Minister the Hon. Bruce Golding, who made the announcement in his Budget speech yesterday, said that the Government has...

Prime Minister the Hon. Bruce Golding announced today (May 5), that the Students Loan Bureau (SLB) has sufficient funds available to meet this year's demand for loans. Mr. Golding, who was making his contribution to the 2009/10 Budget Debate, in the House of Representatives, said this year, the SLB is expected to receive over 10,000 applications from students. "There are...

Prime Minister the Hon. Bruce Golding says that Jamaica will only contemplate resuming a borrowing relationship with the International Monetary Fund (IMF), if the country faces significant deterioration in its balance of payment. But Mr. Golding, speaking in the Budget Debate at Gordon House today (May 5), assured Parliament that the Government was prepared to engage the Opposition in looking...

Minister of State in the Ministry of National Security Senator the Hon. Arthur Williams, has been transferred to the Ministry of Finance and the Public Service. Mr. Williams will be assigned special duties in the Public Service Division of the Ministry of Finance and the Public Service. He will have day-to-day responsibilities for matters affecting public sector workers under the...