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Projected inflation for the fiscal year ending March 31 has been lowered to reflect the results of a tightening of monetary policy, reduction in the price of oil and some agricultural products, among other measures. Governor of the Bank of Jamaica (BoJ), Derick Latibeaudiere, speaking at the quarterly media briefing at the BoJ auditorium in downtown Kingston on Wednesday (Feb....

Cabinet has approved a Government guarantee to secure a $425 million loan facility from the Bank of Nova Scotia, to restructure the current debt obligations of the Jamaica Urban Transit Company Limited (JUTC). In an brief provided by Minister of Information, Culture, Youth and Sports Minister, Olivia Grange, during last week's post-Cabinet media briefing at Jamaica House, it was noted...

Business operators have 4 weeks to file their income tax returns before the March 15 deadline. Self-employed individuals, partners, companies, other bodies and employed persons with other sources of income, are therefore urged to file their Annual Income Tax Return for 2008 and their Declaration of Estimated Income & Tax Payable for 2009 early to avoid the last minute rush....

It has been brought to the attention of the Ministry of Finance and the Public Service that some local investors have not been credited with principal and interest payments on the Government of Jamaica's €200M 10.50% Notes due February 11, 2009. Investors are advised that while the payment in the amount of €221 million was due on February 11, 2009...

Members of the Cabinet will go into a three-day retreat, commencing February 20, to explore and discuss measures to counter the current economic challenges facing the country, among other things. Minister without Portfolio in the Ministry of Finance and the Public Service, Senator Dwight Nelson, made the disclosure at Wednesday's (Feb.11) post-Cabinet press briefing at Jamaica House. The retreat, he...

Minister without Portfolio in the Ministry of Finance and the Public Service, Senator Dwight Nelson, has said that the Government is facing the possibility of a "significant increase" in the 2009/10 public sector wage bill. Addressing journalists at a post-Cabinet press briefing at Jamaica House, on February 11, Senator Nelson informed that the cost of the wage bill up to...

The Government has completed an audit of the civil service, to ascertain the status of positions within the sector, Minister without Portfolio in the Ministry of Finance and the Public Service, Senator Dwight Nelson, has said. Speaking at Wednesday's (Feb. 11) post-Cabinet briefing at Jamaica House, Senator Nelson said the audit will assist in identifying and determining any area where...

Minister Without Portfolio in the Ministry of Finance and the Public Service, Senator Dwight Nelson, has refuted media reports this morning of a decision by Government to freeze public sector salaries for the 2009/10 fiscal year, starting in April. Addressing today's (Feb. 11) post-Cabinet media briefing, at Jamaica House, Senator Nelson said that he made no such statement. He added...

Benefits available through the People's Cooperative Bank and the Portland Cooperative Credit Union, were extensively discussed at a community meeting sponsored by the Port Antonio Regional Office of the Jamaica Information Service(JIS), at the Boston Community Centre on Thursday (February 5). The meeting sensitised residents of Boston and surrounding communities, about how to access membership in financial institutions, and the...

The Electoral Commission of Jamaica (ECJ) is in the final stages of drafting a report on the issue of campaign funding for political parties, Chairman, Professor Errol Miller, has disclosed. Speaking at a briefing at the ECJ's New Kingston offices on Wednesday (Feb. 4), Professor Miller said work on a draft report had been undertaken, following a series of town...

The Jamaica Business Development Corporation (JBDC), has said that there is already a high level of interest and positive feedback from the small business community about the recent roll out of the $150 million loan facility instituted by Government for the Micro, Small and Medium Enterprises (MSMEs). "The interest has been extremely high.up to 200 persons had shown an interest...

Executive Director of the Financial Services Commission (FSC), Rohan Barnett, has said that the insurance industry was an excellent avenue for economic growth. Addressing Guardian Life Insurance Limited's 'Stars Luncheon' at the Terra Nova Hotel in Kingston on February 3, Mr. Barnett said that the industry was well developed, in terms of international standards and contribution to Gross Domestic Product...