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...

The Students’ Loan Bureau (SLB) is projecting to disburse approximately $5.94 billion to eligible applicants during fiscal year 2022/23, to finance undergraduate and postgraduate studies, up from $5.33 billion last year. This is according to the Estimates of Revenue and Expenditure for the Year ending March 2023. The document indicates that the SLB will continue to provide funding through three...

An additional $1.4 billion is to be paid out to Programme of Advancement Through Health and Education (PATH) beneficiaries in the 2022/2023 financial year. This follows a recent Cabinet approval for an increase of 18.26 per cent for the programme. Labour and Social Security Minister, Hon. Karl Samuda, made the announcement in his contribution to the 2022/23 Sectoral Debate in...