The United Kingdom (UK)-based Kroll Associates will be providing forensic audit investigative services to the Financial Investigations Division (FID) in the entity’s probe of the Stocks and Securities Limited (SSL) matter. The development follows the signing of a Statement of Work by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, and representatives of Kroll this morning...

Starting this September, beneficiaries of the Programme of Advancement Through Health and Education (PATH) who apply to the Students’ Loans Bureau (SLB) will not need guarantors to support their applications. This was announced by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, while opening the Budget Debate in the House of Representatives on Tuesday (March 7). Dr....

The Government will be establishing a $1-billion Jamaica Screen Fund to provide financing for the development and production of film and television (TV) shows in the country. Opening the 2023/24 Budget Debate in the House of Representatives on March 7, Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke, said the Government will continue to support the growth...

Minister of Labour and Social Security, Hon. Karl Samuda, will announce an increase in the minimum wage in April. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2023/24 Budget Debate in the House of Representatives, on March 7. Dr. Clarke noted that the Government has always prioritised the...

The Fourth Supplementary Estimates for fiscal year 2022/23 were approved in the House of Representatives on Tuesday (Feb. 28), pushing budgeted expenditure to approximately $1.002 trillion. Included are net incremental adjustments to the Central Government Budget of $4.3 billion, reflecting a net increase of $10.1 billion in recurrent expenditure and a net reduction of $5.8 billion in capital spending. Minister...

Widening and dualisation of Grange Lane in St. Catherine will continue during the 2023/24 fiscal year with an allocation of $878 million. The sum is contained in the 2023/24 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The project aims to improve mobility...

The Government’s Electronic Land Titling project is to continue in the upcoming fiscal year from an allocation of $160 million. The project aims to improve the efficiency of the land registration process from the point of application through to issuing of a legally binding proof of title. Details of the allocation are contained in the 2023/24 Estimates of Expenditure, now...