Finance and Public Service Minister Dr Nigel Clarke leaves for Washington this weekend to among other things attempt to do what his predecessor, Audley Shaw was unable to do, which is to get the American banking community to relax their de-risking concerns on Jamaica. Dr Clarke will be attending the
The measures mandated by the Financial Action Task Force, FATF, and its regional arm, while meant to keep constrain illicit financing of terrorists and other schemes, is now putting undue burden on non-profit operations that could drive then into the ground. The addition of non-profits to the list of entities
Jamaica is set to tighten oversight of money flows by year end through amendments to the Proceeds to Organised Crime Act and the Terrorist Prevention Act. However, the timeline for the passage of legislation to police microlenders is not as certain. The bill, known as the Microcredit Act, is aimed
Many of the jobs currently being created in the Jamaican economy are comparable to the same low value-added ones produced two decades ago, according to the governor of the Bank of Jamaica, the BOJ. “Thank goodness for them because they are jobs, and the people getting them didn’t have any
WASHINGTON, United States (AFP) — Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday. Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison
As Jamaica steadily advances in its economic reform agenda, Government and policymakers are impelled to not take the gains the country has secured over the last couple of years for granted, but instead use them to continue in building out a path for greater growth and to correct the ills
Amendments to the Proceeds of Crime Act (POCA) to remove the onerous Know Your Customer (KYC) requirements for small businesses opening bank accounts will be tabled in Parliament as soon as this month. Finance Minister Dr Nigel Clarke, who made the announcement yesterday, declared that this should be good news
KINGSTON, Jamaica — The Commonwealth has helped Jamaica secure a grant valued at over $500,000 to assist it towards establishing the first-ever Caribbean green bond. The grant, which was presented to Prime Minister Andrew Holness on October 7, will pay for a 'readiness initiative' involving an analysis of the development
Fifty-five-year-old Janet Scott*, a housekeeper from Old Harbour, St Catherine, has never done a mammogram, although she is fully aware that she is at a higher risk of developing breast cancer, given her family history. Her mother died from the disease when Janet was only 12 years old. “I’m very
For many of us the animals in our lives are our faithful pals who keep us company and love us, no matter what. A man's best friend is undoubtedly his dog, well in Kenny's case — his dogs. This week's Q10 features Kenneth “Kenny” Benjamin, founder and executive chairman of
