Finance Minister Dr. Nigel Clarke, yesterday moved a resolution in the House of Representatives to raise the ceiling of the Contingencies Fund from J$100 million to J$10 billion. This will allow the Government to cover unexpected expenditure during a natural disaster. Dr. Clarke said Jamaica's economic independence is threatened by

Homebuyers will pay lower government fees but not necessarily receive lower-priced homes as a result of the Government’s slashing of transfer and stamp duties, say experts. Developers and sellers will eventually price these saving into the cost of the home and that’s not necessarily a bad thing as it will

Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact study and stress testing. Speaking on the margins of Guardian Life’s groundbreaking of its newest

The Caribbean Policy Research Institute (CAPRI) is projecting that the recent slashes in stamp duty and transfer tax will likely spur greater investment in the economy, but argues that there were no “giveaways” in the Budget tabled by Finance Minister Dr Nigel Clarke in Parliament earlier this month. Instead what

Broadcaster Dorraine Samuels has died at the age of 59. Samuels, a long time employee of the RJRGLEANER Communications Group, passed away this afternoon. She had been battling cancer. Her immediate family is asking for privacy at this time. She entered the field of broadcasting in January 1981 by chance

Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week that any action taken to cap micro loan rates could end up

Okari Banton might not look like one, but the software developer at JN General Insurance Company (JNGI) is a revolutionary. The computer programmer took the lead in the automation of JNGI’s funds-reconciliation process with its insurance broker partners. Named Employee of the Quarter for his efforts, Banton pointed out that

As the main presentations of the budget wrapped up Wednesday, one could say that this budget was different, and an improvement, from those in the past. We heard from the finance minister, Opposition spokesman on finance, leader of the Opposition, and the prime minister, and all presentations, I think, had

IMF's HQ2 building in Washington DC, United States. The IMF on March 21, 2019, said the US economic outlook remained “strong,” a day after the Federal Reserve trimmed its median growth forecasts for the year. “We believe the outlook for the US economy is strong with historically low unemployment, high