The Government of Trinidad and Tobago is looking to establish a Junior Stock Exchange that is similar in model to Jamaica’s. This, according to the twin-island republic’s Minister of Trade and Industry, Hon. Paula Gopee-Scoon. She indicated that despite attempts to establish the platform, “we really haven’t gotten it quite right as you [in Jamaica] have”, hence the government’s decision...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has called on Caribbean countries to collaborate and coordinate to enhance their preparedness for global changes and protect their revenue bases. “We are small. We have a common history. These factors should allow us to be nimble and agile in response to the changing global tax landscape, which...

There has been a jump in Government revenue collection, with tax revenues for the first six months of the fiscal year exceeding budget by $35 billion. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said that the out-turn is as a result of higher-than-expected economic performance. “The first quarter growth came out at 5.7 per cent…...

The Government will be tabling a Second Supplementary Estimates for fiscal year 2022/23 in early December. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said that this is to facilitate the payment of salaries to public-sector workers under the new compensation system by Christmas. He explained that the revised estimates will distribute the funds from Finance...

The proposed introduction of paternity leave for fathers of newborns and family leave for adoptive parents bringing a new child into the home, is slated to come into effect on January 1, 2023. This was stated by Minister of State in the Ministry of Finance and the Public Service, Hon. Marsha Smith, who also advised that the proposed increase of...

Jamaica generated US$939.7 million in export earnings for the seven-month period between January and July 2022. This is 2.3 per cent more than the US$918.3 million earned for the corresponding period in 2021, according to the Statistical Institute of Jamaica (STATIN). A communiqué from STATIN on Monday (November 21) indicated that the increase was due primarily to a 61.8 per...

President, Jamaica Civil Service Association (JCSA), O’Neil Grant, says public-sector transformation is the country’s best answer to strengthening the resilience of the public service. “The resilience of our country is reflected in the resilience of the public sector,” he noted. “The Jamaican public sector has been on a path of transformation of its people, its places, and its processes to...