We are pleased to announce that Bank of Jamaica has been named the winner of Central Banking Publication’s Communications Initiative Award 2021. The winning entry, Centrally Speaking, is the Bank’s flagship television production that facilitates conversations around important matters of economics and finance that have an impact on the people of Jamaica. Centrally Speaking represents a continuation of the Bank’s...

For the 2022/23 financial year, the Urban Development Corporation (UDC) will focus on the monetisation of its land assets through divestments, as well as the continuation of its project management functions. This is outlined in the 2022/23 Public Bodies Estimates of Revenue and Expenditure, tabled recently in the House of Representatives. The document further noted that the UDC will continue...

Tax Administration Jamaica (TAJ) wishes to advise all Income Tax filers that the Income Tax filing deadline has been extended to Tuesday, March 22, 2022. This means that Companies, Partnerships, Self-employed persons, employed persons with other sources of income and all other categories of Income Tax filers, have until March 22 to file and pay their Income Tax Returns for...

The All-Jamaica Consumer Price Index (CPI) increased by 0.8 per cent for February 2022 as released today by the Statistical Institute of Jamaica (STATIN). This movement was largely impacted by the 1.3 per cent increase in the index for the heavily weighted ‘Food and Non-Alcoholic Beverages’ division. The increase in the division ‘Food and Non-Alcoholic Beverages’ was mainly attributed to...

Following a two-year break due to the coronavirus (COVID-19) pandemic, the National Business Model Competition (NBMC) for tertiary institutions will return for the seventh staging in April. The annual competition, jointly staged by the Development Bank of Jamaica (DBJ) and Private Sector Organisation of Jamaica (PSOJ), seeks to encourage entrepreneurial activity among tertiary students and increase collaboration between the private...

Small and medium-sized enterprises (SMEs) in need of working capital are being advised to take advantage of the National Export-Import Bank of Jamaica (EXIM Bank) express loan facility. EXIM Express is a short-term, 90-day facility with a turnaround time of seven days from application to disbursement of the loan. It allows entities to leverage their receivables to access funds needed...

Opposition Spokesman on Finance and the Public Service, Julian Robinson, is welcoming the public-sector compensation review. He said the Opposition has always supported the call of the trade unions for a review of the compensation structure in the public service. “The truth is, over successive administrations the workers of Jamaica have always been called on to bear the brunt when...