Bank of Jamaica (the Bank) advises that a phased rollout of JAM-DEX, Jamaica’s Central Bank Digital Currency (CBDC), is currently underway while the process to amend the Bank of Jamaica Act (BOJA) progresses. Currently National Commercial Bank (NCB) offers JAM-DEX through Lynk®, its digital wallet. In this regard, anyone with Lynk® will be able to transact using JAM-DEX with another...

The Ministry of Science, Energy and Technology is receiving technical assistance from the United States Agency for International Development (USAID) to address the issue of electricity theft. Portfolio Minister, Hon. Darryl Vaz, said that the USAID and its lead consultant, Deloitte, are providing support under the Strengthening Utilities and Promoting Energy Reform (SUPER) Programme. Making his contribution to the 2022/23...

Bank of Jamaica (the Bank) recently concluded a contract with De La Rue, a UK based company, to redesign and print the upgraded banknotes which will be put into circulation towards the end of this year. The Bank acknowledges the valid concerns regarding the provision of information about the cost of the upgraded banknotes. However, we are not able to...

Minister of Health and Wellness, Dr. the Hon. Christopher Tufton, is to unveil a Ministry Paper on sustainable financing for the healthcare system, in the coming months. “This is a follow-on to the Green Paper on a National Health Insurance Plan that was tabled in 2019, which was not pursued as desired due to the priorities of COVID-19,” Dr. Tufton...

Eleven students at the College of Agriculture, Science and Education (CASE) have been awarded scholarships totalling just over $1.6 million to finance their studies. The presentations were made at the CASE Alumni Evening of Excellence Gala Dinner and Awards Banquet held on April 31 at The Jamaica Pegasus hotel, St. Andrew. The students, who are pursuing degree programmes in areas...

The Jamaica Stock Exchange (JSE) has entered a partnership with the Ghana Stock Exchange (GSE), which will see the capital markets in both countries expanding their products and services to investors. This is being facilitated under a Memorandum of Understanding (MOU) of Mutual Recognition, which was signed by representatives of both entities during a special Bell Ringing ceremony on Monday...

The 13 investors selected to engage in production at the Toll Gate Mango Agro-Park in Clarendon have each committed to investing at least $20 million in their projects. Selected from 55 applicants, the 13 large investors will cultivate East Indian and Saint Julian mangoes on the 935-acre property managed by the Agro-Invest Corporation. The mangoes are for export markets in...