Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has reiterated that he stands ready to engage with public-sector groups to discuss anomalies pertaining to the compensation review. The new compensation system aims to reduce and simplify the 325 salary scales and 185 allowances across the civil service and partly represents a continuation of the Government’s public-sector-transformation...

Prime Minister, the Most Hon. Andrew Holness, says the Government is well under way with the implementation of the public-sector compensation review and transformation. Addressing Tuesday’s (May 23) Labour Day tree-planting exercise in Hartlands, St. Catherine, Mr. Holness said the review covers, among other things, increased payment for workers as well as the establishment of a performance evaluation and management...

Jamaica’s economy is estimated to have grown in the range of four to 5.5 per cent for fiscal year 2022/23. This out-turn, according to Bank of Jamaica (BOJ) Governor, Richard Byles, is consistent with the range previously anticipated by the institution. He was addressing journalists during the BOJ’s semi-virtual media briefing on Monday (May 22). Mr. Byles, who noted that...

Prime Minister, the Most Hon. Andrew Holness, has credited the economy’s quick recovery and return to pre-COVID-19 growth levels to the Government’s prudent fiscal management. He noted that unemployment has dropped to six per cent, the lowest ever in Jamaica’s history, to the point where the country is practically approaching full employment. “The fiscal management has been such that the...

Jamaica is set to benefit from a £7-million package to increase the country’s access to climate financing. This was announced by Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom (UK), the Rt. Hon. James Cleverly, during a press conference following the Jamaica-UK strategic dialogue at the Ministry of Foreign Affairs and Foreign Trade downtown Kingston...

Jamaica’s headline and core inflation rates have fallen within the Central Bank’s four to six per cent target range, following out-turns for April. Headline inflation, which fell to 5.8 per cent, is a measure of the rate of price increases within the economy and includes commodities such as food and energy. Core inflation, which measures the change in the cost...

Prime Minister, the Most. Hon. Andrew Holness, has declined his salary increase under the new public-sector-compensation regime. His salary will remain at its current level of $9.16 million. “I have directed the Transformation Implementation Unit to remove the Prime Minister's compensation from the new salary scale. The Prime Minister's compensation will, therefore, remain at its previous levels,” Prime Minister Holness...