Persons using cryptocurrencies or who are contemplating this are being urged by the Bank of Jamaica (BOJ) to do so cautiously. Governor, Richard Byles, says the institution is mindful to advise individuals of the unpredictable nature of cryptocurrencies’ value. “We do take the time to warn people that those values can go up and down, and quite [volatilely] so too,”...

Jamaica has been lauded for its progress in becoming a digital society. The commendation came from Chief Digital Officer and Corporate Vice President, Microsoft US Global Technology Leader, Jacky Wright. She was speaking during a ‘Riverside Chat’ held as part of the Jamaica 60 Diaspora Conference, hosted by the Ministry of Foreign Affairs and Foreign Trade from June 14 to...

The Students Loan Bureau (SLB) is now accepting loan applications online. The development is a new feature of the Strategic Transformation of End-users Experience Portal (STEEP), which has been enabled by the entity’s redesigned website. Deputy Executive Director at the SLB, Charmaine Rose Anderson, told JIS News that the customer portal allows the SLB to process the loans of applicants...

The Bank of Jamaica (BOJ) is looking to commence national rollout of the Central Bank Digital Currency (CBDC) – JAM-DEX – at the end of June. Governor Richard Byles said that the institution is at a point where “we are… ready [to proceed]”. He was speaking during a ‘Riverside Chat’ panel discussion on digital and cryptocurrency, during the 2022 Jamaica...

Business interests in the diaspora are being encouraged to participate in the Jamaica Stock Exchange (JSE) by not only trading in companies already on the market but also having their entities listed as well. JSE Managing Director, Dr. Marlene Street Forrest, said the latest listing of a small and medium-sized entity on Wednesday (June 15), which she noted was oversubscribed...

The Bank of Jamaica (BOJ) is hopeful that the simplified companion customer verification process to facilitate the establishment of central bank digital currency (CBDC) accounts will spur an increase in the number of persons joining local financial institutions. Governor, Richard Byles, advised that persons must acquire a special wallet in order to utilise the CBDC, dubbed ‘Jam-Dex’. Speaking on Wednesday...

Tax Administration Jamaica (TAJ) is reminding business persons that their 2nd quarter Estimated Corporate Income Tax and Self-employed Statutory Payments are due on Wednesday, June 15, 2022. Additionally, Employer’s Monthly Statutory Payroll Deductions (S01) for the month of May are due on June 14. These include: • Statutory Deductions (S01) for May • Estimated Corporate Income Tax (2nd quarter) •...