The Financial Services Commission (FSC) will be taking steps to assist FSC-regulated institutions to strengthen their mechanisms to detect and prevent fraud. This was disclosed by Executive Director, Everton McFarlane, against the allegations of fraud at investment firm Stocks and Securities Limited (SSL). Speaking during a press conference at the EX-IM Bank Business Centre in Kingston on Wednesday (January 18),...

The Financial Services Commission (FSC) has committed to making full public disclosure of the outcome of investigations and other interventions into the incident of alleged fraud reported at investment firm Stocks and Securities Limited (SSL). FSC Executive Director, Everton McFarlane, gave this undertaking during a press conference at the EX-IM Bank Business Centre in Kingston on Wednesday (January 18). He...

The rate of inflation for December 2022 decreased by 0.9 percentage point to 9.4 per cent, compared to November, the Statistical Institute of Jamaica (STATIN) has reported. The reference week for the December 2022 Consumer Price Index (CPI) was the first full week of the month. Director General, Carol Coy, says the negligible decline in the index was mainly influenced...

Residents of selected communities in St. Elizabeth are receiving their Programme for Advancement Through Health and Education (PATH) benefits through direct deposit payments to their accounts. This is under a pilot programme being undertaken by the Ministry of Labour and Social Security in the parish. The Ministry’s St. Elizabeth Parish Manager, Michelle Senior, said that the payment option is being...

The Statistical Institute of Jamaica (STATIN) is reporting that most of the administrative process-related issues affecting the 2022 Population and Housing Census’ initial phase have been resolved. The Census, which commenced last September on a phased basis in western parishes and subsequently rolled out islandwide, was slated for completion within three months. The exercise was, however, extended into the first...

The Government is creating the legislative and regulatory environment to position Jamaica as an international business and financial services hub, says Prime Minister, the Most Hon. Andrew Holness. He was addressing the launch of the Quantas Financial Group at the Jamaica Pegasus Hotel in New Kingston on January 11. Prime Minister Holness said that while some measures have already been...

Prime Minister, the Most Hon. Andrew Holness, says consideration by the International Monetary Fund (IMF) of Jamaica’s request to access the Resilience and Sustainable Facility (RSF) and the Precautionary and Liquidity Line (PLL), signals the strength of the fundamentals of the economy. Jamaica and the IMF have reached a Staff Level Agreement that will enable the Government to draw down...