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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, tables the Estimates of Expenditure in the House of Representatives on Tuesday (February 14).

New Tax Office to be Built in Christiana

Approximately $670.8 million has been budgeted by the Government to build a new tax office in Christiana, Manchester, which will replace the existing facility. The sum is earmarked in the 2023/24 Estimates of Expenditure, tabled in the House of Representatives...

$88.7 Million for Stony Hill Justice Centre

Minister of Agriculture and Fisheries, Hon. Pearnel Charles Jr., addresses a Plant Quarantine Exporters’ Forum, held on February 14, at the Ministry’s offices in Kingston.

Fresh Produce Exports Earn US$78 Million Annually

Gov’t Tables Trillion-Dollar Budget

Representative of eight beneficiaries under the DBJ Innovation Grant Fund (L-R) Clive Beckford and Sheldon Powe, Innovate 10X, Leila LaFayette, PeterMc& Associates; Ricardo Allen, One on One Educational Service; Anthony Shaw, Managing Director, Development Bank of Jamaica; Dr. Sheilah Paul, The UCC Academy; Christopher Brown, Programmes Manager, BIGEE, DBJ; Eleanor Jones, Environmental Solutions; Francine Haughton Adam, 1920 Investment T/A Haughton's Pharmacy; Joel Harris, Shavout International Holdings.

Nine medium-sized Jamaican Companies awarded grant funding for Innovation as the DBJ Boosting Innovation Growth & Entrepreneurship Ecosystems

3 years ago Finance & Public Service

Tax Offices to close to the Public

Tax Administration Jamaica (TAJ) is advising that all of its operations will be closed to the public tomorrow Tuesday, February 7, 2023 at 2:00 p.m., to facilitate a general staff meeting. This meeting will involve team members of all Tax Offices and Business locations on that day. All offices will reopen on Wednesday February 8, 2023 for regular business. Tax...

3 years ago Finance & Public Service

Tax Day Countdown Begins

The annual Income Tax due date is March 15, 2023, and Tax Administration Jamaica (TAJ) is encouraging taxpayers to begin preparations to file their Income Tax Returns, over the coming weeks leading up to Tax Day. Income Tax Filers are being reminded that filing of their Annual Income Tax Return for the year 2022 and declaring their Estimated Income and...

(FILE) Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking in the House of Representatives on Tuesday (January 31).

3 years ago Budget 2022/2023Finance & Public Service

2022/23 Budget to Increase by $24.5 Billion

The Government’s budgeted expenditure for fiscal year 2022/23 is being increased by approximately $24.5 billion. This will push the Central Government Budget to $998.2 billion, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has said. The details are contained in the Third Supplementary Estimates of Expenditure, which Dr. Clarke tabled in the House of Representatives on...

Prime Minister, the Most Hon. Andrew Holness, delivers the keynote address at the opening of the 18th Jamaica Stock Exchange (JSE) Investment and Capital Markets Conference, at The Jamaica Pegasus hotel in New Kingston, on January 24. The conference was held from January 24 to 26 under the theme

3 years ago Finance & Public ServicePrime Minister

Emphasis on Resilience Expected to Safeguard Country Against Future Shocks

Government’s programmed mainstreaming of resilience in its activities is expected to aid significantly in safeguarding Jamaica against future shocks. Prime Minister, the Most Hon. Andrew Holness, notes that resilience has been and is being incorporated in the development and upgrade of the country’s roads and supporting infrastructure, to withstand the impact of climate change, and financing and budgetary arrangements, adding...

Chairman of the Financial Services Commission (FSC), Richard Byles (left, head of table) convenes a meeting of the FSC board and Executive Director-designate, Major Keron Burrell (right, head of table), with managers of the FSC, at the entity’s New Kingston offices on Thursday (January 26). Mr. Byles was appointed to chair the FSC’s new eight-member board effective January 23. The new Board’s responsibilities include overseeing the current interventions at Stocks and Securities Limited (SSL), including formalising Mr. Burrell’s appointment, establishing a mechanism to review the FSC’s approach to the SSL case to identify any gaps or constraints, and assessing the status of other licensees and determining whether there are concerns or potential concerns in respect of companies in the securities industry.

3 years ago Finance & Public Service

PHOTOS: Richard Byles Convenes Meeting of FSC Board with Managers

Chairman of the Financial Services Commission (FSC), Richard Byles (left, head of table) convenes a meeting of the FSC board and Executive Director-designate, Major Keron Burrell (right, head of table), with managers of the FSC, at the entity’s New Kingston offices on Thursday (January 26). Mr. Byles was appointed to chair the FSC’s new eight-member board effective January 23. The...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivering a Financial Sector Regulation Policy Address at the Ministry of Foreign Affairs and Foreign Trade in downtown Kingston, on Monday (January 23).

3 years ago Finance & Public Service

Gov’t Pursuing Twin Peaks Regulatory Model for Financial Sector

The Government is pursuing the creation of a “twin peaks model” of financial sector supervision and regulation, which is being programmed for implementation within 18 to 24 months. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who made the disclosure, said that the model is intended to modify the existing sector-by-sector-based regulatory approach, which sees the...

Governor of the Bank of Jamaica (BOJ), Richard Byles, addresses the 18th Jamacia Stock Exchange (JSE) Investment and Capital Markets Conference at The Jamaica Pegasus hotel in New Kingston, on Wednesday (January 25).

3 years ago Finance & Public Service

BOJ Equipped for Enlarged Role – Byles

Central Bank Governor, Richard Byles, says the bank has the competence to take on its enlarged role, which involves regulating non-bank financial entities alongside deposit-taking institutions (DTI). “At the Bank of Jamaica (BOJ), we accept that charge that we have to prepare to supervise the entire financial sector. We do so now for DTIs, and so we are quite adept...