Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Stocks and Securities Limited (SSL) fraud case investigation is progressing. “The magnitude of the case has warranted a long and thorough investigation. A file was submitted to the Office of the Director of Public Prosecutions by the FID (Financial Investigations Division) for the consideration of criminal...

Opposition Spokesperson on Finance, Planning and the Public Service, Julian Robinson, is recommending that character education be incorporated within the school system. He noted that character education is pivotal to reforming values and attitudes across the society in general. “Character education, according to the Association for Supervision and Curriculum Development, is ‘teaching children about basic human values, including honesty, kindness,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is highlighting the need for a review of the role of the Cabinet in the public procurement process. Opening the 2024/25 Budget Debate in the House of Representatives on Tuesday, March 12, Dr. Clarke said data suggest that often, the Cabinet process can take up to 25 per...

The Government is implementing measures to facilitate increased investments in Jamaica’s renewable energy sector. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, said the Income Tax Act will be amended to exclude Independent Power Providers (IPPs) producing energy from renewable sources from the definition of “regulated company” for the purpose of section 30 of the Act. “These...

The Income Tax Act will be amended to increase the maximum participating voting share capital of companies listed on the Junior Stock Exchange from $500 million to $750 million. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the measures are in an effort to further facilitate growth of the micro, small and medium-sized enterprise (MSME)...

The General Consumption Tax (GCT) on all raw foodstuff, imported or domestic, will be removed. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, made the disclosure while opening the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). The measure, which will take effect in the first quarter of the new financial year, is...

Effective April 1, applicants to the Students’ Loan Bureau (SLB) will not require guarantors to access tertiary financing. The disclosure was made by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, while opening the 2024/25 Budget Debate in the House of Representatives, on Tuesday (March 12). Dr. Clarke noted that the requirement of a guarantor for...