Jamaica’s hospitality industry was positively impacted by notable growth out-turns recorded in several allied subsectors during the January to March 2024 quarter. The Statistical Institute of Jamaica (STATIN) reports that increased foreign national arrivals and passenger movements through the island’s major international airports were pivotal in generating expansion of several Services Industry subsectors during the period. According to STATIN’s Gross...

Jamaica’s unemployment rate (LU1) was 5.4 per cent in January 2024, according to the Statistical Institute of Jamaica (STATIN) revised Labour Force Survey for the period. The revised Survey incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians. STATIN’s Deputy Director General, Leesha Delatie-Budair, presented the key indicators during Wednesday’s (July 17) Media Launch of the...

The Statistical Institute of Jamaica (STATIN) has introduced key changes to the Labour Force Survey (LFS). The new LFS incorporates recommendations from the 19th, 20th and 21st International Conferences of Labour Statisticians, commencing January 2024. STATIN Director General, Carol Coy, underscored that the revisions will ensure survey estimates accurately reflect the labour market. “STATIN’s primary objective in implementing these changes...

The Betting, Gaming and Lotteries Commission (BGLC) has advised that licensees are now required to pay a fee for the due diligence investigation (Personal Declaration Form 2 and 3), when renewing their Fit and Proper status. The change took effect on July 1 and will see licensees paying $5,000, which is the same cost paid to conduct the first investigation...

A Jamaican business delegation, comprising representatives from 11 entities, will embark on a multi-country Latin America mission from July 17 to 26. The countries to be visited are Mexico, Colombia, and El Salvador. The trip, which will be led by the Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, will explore and secure new opportunities in these...

The Statistical Institute of Jamaica (STATIN) is reporting that the domestic economy grew by 1.4 per cent during the January to March 2024 quarter, relative to the corresponding period last year. According to STATIN’s quarterly Gross Domestic Product (GDP) Report, released on Monday (July 15), the out-turn for the review period was spurred by 1.9 per cent growth in the...

From July 4 to 10, Jamaica welcomed 55,000 visitors to the island, indicating a recovery of the industry post Hurricane Beryl. Tourism Minister, Hon. Edmund Bartlett, made the disclosure during his address at the opening ceremony of the Christmas in July trade show, on July 11. The trade show, which is now in its 10th year, is being held from...

Tax Administration Jamaica (TAJ) is advising employers that monthly statutory deductions (S01) for June are due on Monday, July 15, 2024. This is because of the usual due date of the 14th day of the month falling on the Sunday. Taxpayers may therefore submit their June S01 the following business day, Monday, July 15 without incurring any penalty. Business persons...

‘Christmas in July’ will be bigger and better this year as the trade show celebrates its 10th anniversary. The two-day event will be held at the National Arena from Thursday, July 11 to Friday, July 12, providing a larger venue to accommodate the growing interest and participation. The show will open at 9:00 a.m. each day and will include an...