BROWNE... we have always taken the position that we reserve the right to call off the referendum WASHINGTON, DC, United States (CMC) — The International Monetary Fund (IMF) says financial fragilities occasioned by the decrease in the number of correspondent banking relationships (CBRs) could undermine the long-run growth and financial inclusion prospects of countries affected [...]

Grantley Stephenson, CEO, Kingston Wharves Limited, addresses the investor briefing and tour showcasing the company’s existing and planned logistics capabilities. In his Budget presentation, Prime Minister Andrew Holness reasserted the Government's objectives to make Jamaica a logistics centre. The prime minister committed resources to ensure that the logistics projects were expedited. This was the [...]

Residents of a house in May Pen, Clarendon attempt to salvage items of clothing and furniture after their homes was flooded during two days of heavy rains. The Clarendon Municipal Corporation (CMC) says an estimated 5,000 people were affected by the floods and it has begun to provide relief. The CMC says at least [...]

The International Monetary Fund (IMF) has released a new working paper on value added tax (VAT) and consumption taxes within the Caribbean region which asserts that competition for investments has led to diminishing returns from the tax category. Tax Administration Reforms in the Caribbean: Challenges, Achievements, and Next Steps, by Stephane Schlotterbeck was released [...]

Finance and the Public Service Minister,  Audley Shaw (left), listens to IBIS Management Associates Manager of Banking Compliance and Risk, Arthur Dania, at a seminar on ‘The Evolution and Future of Capital Adequacy Standards’, at The Knutsford Court Hotel in New Kingston on Tuesday. KINGSTON, Jamaica (JIS) — Finance and the Public Service Minister [...]

The Executive Board of the International Monetary Fund (IMF) has released its first review of Jamaica’s Stand-By Arrangement with the Fund endorsing the Government’s move from direct to indirect tax as a positive sign. The IMF says programme implementation remains strong under the programme, with sustained positive gross domestic product (GDP) growth. The Fund [...]

Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda (Photo: JIS) MONTEGO BAY, Jamaica (JIS) — The Government is looking to amend the Agricultural Produce Act to increase fines for offences from a maximum of $250,000 to $3 million or up to five years imprisonment. Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, [...]

Maureen Hayden-Cater, managing director, JN Bank, said the country must move to establish more concrete avenues for Jamaicans in the diaspora to contribute to the development of the country, if it truly intends to garner overseas support for economic success. Acknowledging the work of the Government, under the auspices of the Ministry of Foreign [...]