Bank of Jamaica announces that, with effect from 05 April 2017, the rate offered on its 30-day certificate of deposit, the policy rate, will be reduced to 4.75 per cent from 5.00 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation for FY2017/18 will
Cabinet has concluded its deliberations on the property tax review after receiving a submission from a special review committee that was appointed on Monday. In a statement today, the Ministry of Education, Youth and Information indicated that details of the decisions and proposed adjustments will be made by the Finance
Shaw: All groups in the public sector will start contributing the full five per cent of their salaries beginning April 2019. As of June 1, the nearly 27,000 teachers in the public sector, members of the Jamaica Constabulary Force and persons employed to municipal corporations and other parochial officers will
Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Dr Horace Chang, KINGSTON, Jamaica (JIS) — By the end of the year, the Government will develop a new structure to reduce duplication in the housing sector. This was disclosed by Minister without Portfolio in the Ministry of
Small and medium-sized entities (SMEs) earning annual income of $50 million or less can now access loans at 9.99 per cent from Scotiabank. Businesses applying for loans from the financial institution will now benefit from a fixed rate for three years – and floating thereafter. Previously Scotia offered loans
Marlene Street-Forrest, Marlene Street Forrest, former general manager of the Jamaica Stock Exchange (JSE), has become the first managing director following her appointment by the board. In her new role she will remain responsible for the strategic direction of the JSE, but with more executive power. The JSE, she
HENRY... visited the Alpart/JISCO plant last Thursday (Photo: JIS) More than 500 jobs have been added to the workforce at Alpart/JISCO Alumina Refinery in Nain, St Elizabeth, and the number is expected to climb to over 700 by the time the plant reopens on June 20, according to the
Central Gardens now open at Dunn's River Falls. KINGSTON, Jamaica (JIS) — Chairman of the National Cruise Council (NCC), Michael Belnavis, says upgrading of the Dunn’s River Falls attraction in Ocho Rios will further boost Jamaica’s growing cruise sector. Belnavis said that Jamaica was already on course to becoming the
