As credit unions creep slowly towards oversight by the central bank, which is now expected to take effect in July, the movement's umbrella group that acted as watchdog is trying to carve out a new direction for itself as a kind of consultant to the community banks. Jamaica Co-operative Credit
The self-employed have several options to build up financial resources for retirement – the Approved Retirement Scheme, unit trusts, managed funds and self-managed investment portfolios, most of which can deliver tax-free investment returns. The Approved Retirement Scheme is a private pension arrangement offered by financial institutions and is open to
Real estate experts are gearing up for more business, with the reduction in taxes on property transactions announced Thursday by Finance Minister Dr Nigel Clarke. The giveback comes at time when the sector is experiencing a slight softening of the market with a decline in the volumes of real estate
The Bank of Jamaica (BOJ) in an assessment carried out in December and published in its annual report last week, says that there is some risk that headline inflation would fall below its target at various times during 2019 and 2020. The central bank has a medium-term target of 4-6
Ancillary workers in several communities across the country will directly benefit from a memorandum of understanding (MoU) between the Ministry of Education and the Jamaica Social Investment Fund (JSIF) to engage in HEART Trust/NTA training in literacy and numeracy, along with technical skills. The ancillary workers were targeted from select
JAMAICA'S Debt-to-Gross Domestic Product (GDP) ratio will fall to 96 per cent at the end of the 2018/19 financial year on March 31. Opening the 2019/20 Budget Debate in the House of Representatives on Thursday, Minister of Finance and the Public Service Dr Nigel Clarke said the figure represents
As I sat and listened to the budget presentation (Revenue Measures) by the Minister of Finance, I thought to myself that finally, after my many years of writing and commentary supporting the reduction of taxes and particularly the removal of the Minimum Business Tax (MBT), I am now seeing it
THE Government has allocated $1 billion to the Ministry of Economic Growth and Job Creation to support the implementation of an islandwide social housing programme across all 63 constituencies. Minister of Finance and the Public Service Dr Nigel Clarke said the programme will comprise three modalities: the provision of indigent
THE sentencing of a Clarendon farmer who faked his death to collect on a $17-million insurance policy was postponed to later this month, when he appeared in the Kingston and St Andrew Parish Court yesterday. Kim Wayne Phillips' sentencing was rescheduled to March 29 after the court was told that
More than 110 students from the Sagicor Foundation’s three adopted schools benefited from free health tests conducted during a three-day health tour, which provided hearing, vision, and oxygen -saturation checks. The health tour, an annual event on the foundation’s calendar, was conducted on February 25, 27, and 28 at the
