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Bank of Jamaica (BOJ) Governor, Richard Byles, addressing journalists during the institution’s recent quarterly media briefing at the BOJ Auditorium in downtown Kingston.
Bank of Jamaica (BOJ) Governor, Richard Byles, addressing journalists during the institution’s recent quarterly media briefing at the BOJ Auditorium in downtown Kingston.

Gross International Reserves Remain Healthy

By: DOUGLAS McINTOSH, February 27, 2023
Jamaica’s gross international reserves remain substantially healthy at US$4.4 billion, Bank of Jamaica (BOJ) Governor, Richard Byles, says. He noted that the reserves were buoyed by Central Bank net purchases...
Ground was broken for a new Christiana tax office in Manchester, on February 23. Taking part (from left) are Regional General Manager, Tax Administration Jamaica (TAJ), Althea Scott-Jones; Commissioner General, TAJ, Ainsley Powell; Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke; Member of Parliament, Manchester North East, Hon. Audley Shaw;  Chairman, TAJ Board, Paul Lalor, and Senior Manager, Christiana Tax Office, Claudette Gayle Foster.

More Tax Offices to Be Upgraded

By: Barbara Ellington, February 24, 2023
A $2.3-billion allocation has been made to continue work on the Southern Plains Agricultural Development Project in the upcoming fiscal year. The sum has been budgeted in the 2023/24 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The project, which began in December 2019, aims to provide access to irrigation water on fallow sugar lands, to increase agricultural productivity through the modernisation of the agricultural sector. It includes construction of wells and canal network and the development of the associated agricultural infrastructure in the arable areas of Amity Hall and Bridge Pen in St. Catherine and Parnassus in Clarendon. Up to December 2022, the drilling of three wells and yield test were completed in Parnassus, and abstraction licences were approved by the Water Resources Authority. Other physical achievements of the project include the completion of capacity-building for climate resilience and crop modelling, the design of agricultural buildings, the irrigation network design, the irrigation and road/draining works, and a gender-responsive training manual for farmer groups. For fiscal year 2023/24, anticipated physical targets of the project are to commence the construction of agricultural buildings and to complete the construction of irrigation network and roads/drainage infrastructure, as well as to complete the rehabilitation of Hartlands canal. This is in addition to the re-tender for contract to construct pump houses and reservoir at Amity Hall/Bridge Pen and the acquisition of GIS equipment for the NIC. (more) Southern Plains…2 The project is being implemented by the Ministry Agriculture and Fisheries, with co-funding from the Government of Jamaica and the Caribbean Development Bank. It is slated to end in December 2024. An additional $361.7 million has been earmarked to undertake activities in fiscal year 2024/25, if necessary.

$878M Programmed for Widening and Dualisation of Grange Lane

By: Mickella Anderson, February 24, 2023

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